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The 4 Ways a Successful Real Estate Investor Sets Goals

NOTE: For an updated review on Brad Wozny as of September 2009 please see our most recent post on our blog about Brad and his new “Six Figure Syndication” system… and why it may not be worth the price.

Go here if you’re looking for a Brad Wozny review <<

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Yep… not all goals are made equal.  Goals made wrong won’t get you where you want to goal settinggo.

Successful people not only set goals… but set them in a way that actually push you toward the goal, rather than making the goal just another thing that you taped to your wall (like me).

I asked my buddy and fellow real estate investor Brad Wozny to write up an article on how he sets goals and how new and struggling real estate investors should start of setting their goals.

Enjoy!

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How successful can a successful real estate investor get?

It’s not a trick question. Brad Wozny

The truth is, your goals determine your level of success. The entrepreneur who decides to make a little bit of money on the side will only get pocket change, while the entrepreneur who decides he or she needs to make $100 000 a year and approaches that goal intelligently will likely come close to hitting the mark.

If you want to make your business a success, though, try this method of goal-setting:

  1. Smart business people dream big. Most of the truly successful entrepreneurs never wanted to make some spare change in investing – they wanted to make it big. Even when they did not know quite how they would achieve their goals, they dreamed big and – this is key – committed to those big dreams through thick and thin.
  2. Smart business people set measurable goals. Wimpy goals that have a short shelf life are usually very vague. Goals such as “be happy” or “be successful” or even “be wealthy” have no teeth and quickly fall by the wayside. You want to set goals that are clearly measurable – how much money do you want to make, down to the last dollar? What, specifically, will tell you that are a success?
  3. Savvy entrepreneurs give their goals deadlines. The smart real estate investor places deadlines on goals. He or she does not just say “I am going to make a million dollars,” but rather says “I am going to make a million dollars net income in three years.”Being this precise allows you to work backwards and set interim goals that make your plans a reality. If you want to make a million dollar profit in three years, you need to make about $340 000 each year. With this is mind, you can start making plans to earn that amount this year.
  4. The savvy real estate investor follows up on their goals and checks in on their progress. If you only check in on your goals a few times a year, it takes you a long time to make any progress.Looking over your short-term goals and your long-term plans regularly ensures that your goals are always upfront. At minimum, you should have a weekly review session to plan your week. During your session, you should schedule some time during the week to work on both your short-term and long-term projects.

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Just a bit about Brad and the power of goal setting… he quit his Fortune 500 job (got out of the cubicle and empty promises) and in 7 months with real estate investing created more money than he ever did in an entire year.

This is due large part in the goals he set for himself and the way he went after the goals… actually, he used the same 4 parts in this article.

So, how are your goals right now?  Are they just sitting on your fridge… being ignored by you each day… and nothing more than a formality so you can say you “set your goals”?

OR

Are your goals actually helping you get closer to your ideal life each and every day?

Either way, use Brad’s advice and get to work on those goals.

On another note, Brad finally put together (after some prodding by me to share his knowledge) some great information and training for new and struggling real estate investors so you can copy his business and business systems.

He’s launching a product next month… but I talked him into letting my readers gain access for free this week so you can help give him feedback on the training before his launch next month. (read below for the password to get the free access)

So, this = a huge opportunity for you to learn from one of the best… and to learn what it really means to build a REAL ESTATE INVESTING BUSINESS complete with solid systems.  Remember, building a successful business and business foundation is one of the three elements of REI success (according to me anyway)… without it, you’re wasting your time.

Take advantage of this while it’s free to you (this week only) before he launches the product next month ($2,000+ investment next month… this week… free for you)

To gain access for free so you can help provide feedback to him use the password below and the link.  (without the password you won’t get it for free… so don’t forget to use it)

Password: “TM678″
http://www.FREE-FORTUNE500-Strategies.com <========

Included is a no sales pitch… all content teleseminar… all he asks is that you provide him honest feedback on what you think.

I’ll be there, so see you there!


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About the Author

TrevorHey, 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.

See all posts by Trevor

One Response to “The 4 Ways a Successful Real Estate Investor Sets Goals”

  1. You hit the nail on the head! These four key elements have help me revitalize my real estate career and stay focused when times get tough – sticking to the plan and even revising it because I had a plan. This is great advice, and hey, without goals – how do we know we’ve scored?

    http://www.walidmrealtor.com

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