"Where do I want to be?"

1. Getting Out Of Your Comfort
Zone
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2. Welcome back, fellow real estate investors, to REI Wealth Academy. I'm John,
just coming back at you. I wanted to talk a little bit more. We're talking about
setting goals. We talked smart goals, smarter goals, how we attach the goals that
we have back to the big why and the reason why we are doing real estate
investing in the rst place, and what type of action sets we needed to do.
One other thing to think about is the idea of a stretch goal. This is something
that is ... while a smart goal has a realistic piece to it, there's also the idea that
you need to be able to get out of your comfort zone. For many of you getting into
this, it's already going to be out of your comfort zone to pick up a phone, to call a
seller, to call private money. Some of these things are going to be stretch goals
that you're going to have. It might just be one phone call that stretches you to
begin with. There's some other investors that are out there that talk about
multiplying whatever action or whatever time that you have. If you want to
make $10,000, multiple that times 10, and you're going to have $100,000, and
that's your goal, or you're going to shrink your timeframe. That's the idea of the
stretch goal.
At starting out, what I've found, at least for myself is, while those ideas, it was
easy to get excited about some of that, and that there's de nitely a good
emotional piece to is, is you still have to back your way out from that and there is
a realistic piece that has to come along with that, because you're still developing
the discipline. I was still and am still developing a lot of the discipline of the
things that need to get done every day. As my emotional piece of why I'm doing
all this and tying my goals back to why I'm doing it, helps me to continue doing
the things even on the days I don't necessarily feel like doing it.
Getting Out Of Your Comfort Zone
© Copyrights by REI Wealth Academy. All Rights Reserved.

3. That's where the discipline really carries me through to make sure I have
realistic things that I'm hitting when I record it, and I can look back and say, "Yes.
Look at everything that I was able to do this week, this month." That's when you
start realizing, "Hey. Look how much I've already learned."
As we back out this goal, let's ask ourselves, where do we want to be in 10 years?
That could be questions about what type of lifestyle do you want? These are
questions you could have handled in your big why of who you want to be, what
type of lifestyle that you want to have. As you de ne that, at least in dollar
terms, you can start backing that out. Then you can start asking the question,
based on questions to a mentor, questions from REI Wealth Academy here at
the site, or just going on Google and looking up some of the terms and some of
the averages that you might, the key performance indicators inside the real
estate investing world, what are some of the numbers I should be looking at?
How much cash ow could a buy and hold furrow out? How much money will a
ip that I'm going to be doing in this market or in that market is going to be
throwing out? How many houses do I need to do every single month in order to
make that happen?
When you're thinking about these goals, you have to think about, "Where do I
want to be," let's say, "in 10 years?" If that's too far, back it up to ve years. "This
is where I want to be." What actions? What big milestones have to be achieved in
those ve years? How many in three years? How many in one year? How many in
six months? How many in 90 days? How many in three months, one month, one
week, and then today?
As you're backing out one big goal, you take it back in bite-sized chunks because,
at the end of the day, when you're eating an elephant, like a big dream you have,
you got to eat it one bite at a time and gure out what that means today in order
to hit that goal 10 years from now or make a new goal for next week and make a
new goal for tomorrow and a new goal for next month.
Getting Out Of Your Comfort Zone
© Copyrights by REI Wealth Academy. All Rights Reserved.

4. Then evaluate yourself as you're going through it over time. That's going to give
you the clarity that you need in order to make sure that you back the way that
you need to into it to know exactly what you're going to be doing today.
Hope this video provided more value for you. Please provide feedback on
Twitter or Facebook, wherever that you meet REI Wealth Academy. We are so
blessed to have you with us. We thank you for that. This is John signing off, and
I'll see you next time.
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Getting Out Of Your Comfort Zone
© Copyrights by REI Wealth Academy. All Rights Reserved.