Writing a Life Plan – First Step in REI Success



If you’re like me, you probably think that planning out your life is nonsense. Hey, I totally agree… it’s crazy to live life with every single thing planned out.

However, what’s even more crazy is to live life without clear direction with where you want to go, what you want to do, and how you want to live life.

Tell me this… do you:

  • Have a clear picture of EXACTLY what you want your life to be like deep down in your core… not superficial? Superficial things (money) aren’t what make you happy. So what would make you happy?
  • Know what your AVERAGE ideal day would be? Not your perfect day… big difference. If you had to live the same exact day for the rest of your life and be perfectly happy with life… how would that day play out? Do you have a clear picture of this from what you say and think when you wake up… to what you do before you go to bed?
  • Have a specific way that you would like each aspect of your life to be like in 10, 20, 50 years? I mean stuff like your health, spiritual well-being, education, financial, philanthropic, career, fun/pleasure, and friends and family? If not, how do you expect to get there? Hmmm…
  • Have a good idea of how you will get to live your life’s goals?

I’d be willing to go to Vegas and plop down a $100 that 9 out of 10 of you reading this can’t clearly and confidently say that you can answer the questions above… with passion and conviction that you know you will get there. If you’re one of the 9… what is it that is keeping you from really thinking about what you want out of this one and only life we get?



Let’s Create That Life Plan… As Long or Short As You Want…

When I first sat down to "write out my life plan" I had it in my head that it had to be this big ol’ several page thing that was all cut and polished. Guess what happened when I sat down to write it with this mindset…

I NEVER FINISHED IT!

Probably much like you, I really didn’t have a clear picture of what I wanted out of life… I mean, what I REALLY WANTED out of life. And, I placed too much pressure on myself to get it right the first time and have it be perfect.

Here’s one thing I’ve learned. It will never be perfect. All you need to do is just spend some dedicated time to really think about what you truly want out of life (once again, at your core level).

I’ve created a few little exercises for you to go through and some great resources to help you get your mind in the right mind-set. Do yourself a favor and block out a few hours to really get down what you want in life. I can tell you from experience that this truly is the first step you need to take BEFORE you even start to think about learning real estate investing… it’ll save you a ton of time and money when you can tailor your real estate investing and entrepreneurial strategies to specifically help you live the life you want to live.

Exercises

  • Your Ideal Average Day
  • What Do You Want Out Of Life? – Exercise and worksheet
  • Putting It All Together Into A Plan With Specific Goals

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About reibrain

Hey, my name is Trevor and I'm the founder of The REI Brain and a real estate investor since the age of 21. Right now, my focus in real estate investing is multi-family income properties and I have plans on moving more into the commercial real estate investment world in 2008 and beyond. All in all... I created this site to provide new and struggling real estate investors truly unbiased, timely, detailed, and comprehensive resources to help you succeed in real estate investing and life!

8 Responses to “Writing a Life Plan – First Step in REI Success”

  1. Carole Rice February 18, 2010 at 5:45 am #

    I see my life, sitting back and enjoy the morning sunrise. With no pressure to get up and get going to a J.O.B. To have the passive income of multi-units support our life style, what ever that maybe at the time.

  2. reibrain February 19, 2010 at 11:17 am #

    Awesome Carole! Sounds a lot like me :-)

  3. Johnny Odom July 8, 2010 at 10:24 am #

    I would like to create a Real Estate business that will enable me to get out od debt, buy me a home in Texas, help my girls buy a home for them and my grandkids, get maybe 2 pieces of properties with a positive cash flow, flip as many houses a month as posible ( maybe 2 or 3 )and last but not least TRAVEL.

  4. reibrain July 10, 2010 at 12:55 pm #

    I love it Johnny! That is the kind of stuff that will really drive you to take a ton of action and make things happen. Good luck w/ everything and have an awesome rest of your year! – T

  5. Robert Schellenbarg February 9, 2011 at 3:42 am #

    I have worked from home for several years and have been a Full Time Real Estate Investor for over 3 years. I could not see myself doing nothing. I enjoy what I do, although I do have few goals to reach. Such as outsourcing everything that I do and then spend my time implementing and outsourcing all the things that I know and should be doing. Spending more time with my wife and family. Be financially able to travel anytime I want and to anyplace I want. Basically, a very similar life that I have now, but a lots of “little Robert’s” doing it all for me.

  6. kevin pan February 19, 2011 at 10:50 pm #

    my ideal average day is out door Exercise;fishing and fly my own cozy vi airplane to meet my relative ;friend have positive income to support my dream

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