Is it time for you to go all-in on the next phase of your life? If so, how do you do it?
This is a great time to take a leap towards the next bigger and better thing for your life. The conditions are right out there, there is more technology to make it easier, and there is a lot to gain by taking the next steps now. Of course, some might still debate the intelligence of going all-in versus taking baby steps. So, whether your thing is wholesaling real estate, fixing and flipping houses, or starting another type of real estate business or venture; what are the advantages? How do you work out the logistics?
The Advantages of Going All-In
Throwing yourself into something 100% can have big benefits. Where you focus and spend your time you will gain mastery and traction. If you wanted to be a chef; consider the difference in just continuing to practice in your own kitchen at dinner time, versus going to culinary school, or signing up for an apprenticeship under a famous chef, or even just opening your own food truck. Which is going to deliver the most results, fastest?
The same applies to real estate or any other business. If you put yourself in the game 100%, you will be surprised at just how fast you can make things happen. It’s very different to putting in a couple of hours a week in the evening or on the weekend.
What about common sense? There are some who know that going all-in is advantageous, but who doubt themselves, and ask if it is sensible.
This is typically out of fear. Fear of the unknown, and of failure. Sadly, it is this mindset that sabotages so many individuals, families, and their dreams. They want to achieve bigger and different things. They want a better lifestyle, doing something they enjoy more, and to have more free time to spend with people they love. They get excited. Then they pull out the ‘common sense’ card, and hop right back on the hamster wheel.
Most of these excuses are not based in reality. But, there is one thing we should be afraid of. Time is running out. We only have so much time. There are only so many tomorrows, and they are getting fewer and fewer each day. Every day we wait to pursue our dreams and change our lives is another day wasted. We should have a fear of failing to take action.
The Time is Now
So, this is a great time to start on a new path, or gain traction on one we’ve been exploring. We know we need to take action if we want to gain the life we want most. We know that going all-in can have big benefits. Still, some will debate making the leap. What practical and smart steps can we take to bridge the gap, and go all-in intelligently and profitably?
Set some goals. You’ve got to know what you want. Then back out those goals into milestones and actions. That will give you a timeline to work on to achieve your money, time, and other goals.
Then you’ve got to decide whether you’ll burn the boats, go on day cruises, or cast out a fishing line every day. In other words, will you go all in and not look back? Test the waters by setting aside a day a week to work on your project? Or start testing in your spare time, and get more adventurous as you catch bigger and bigger fish?
If you don’t have a full-time job, or you have some cash to cover your bills for the next couple months you have no excuse not to go for it 100%.
Now, if you have a house full of kids and a spouse to feed, and you have zero savings, and do have a job that is just covering the bills, then be wise. You could go all-in to real estate wholesaling and bring home big checks in the next 30 days. It might take a little longer than that. If you are starting as a real estate agent, or in another business you may need a good 6 months before you have money coming in. Make a plan that will allow you to sleep at night, feed your kids, and still make progress toward your goals.
Roald Amundsen was a hero of the age of exploration. He beat Robert Scott to the South Pole. While Scott’s team rushed till the burned out on good weather days, and just bunkered down on bad weather days, Amundsen’s team planned well in advance. They committed to traveling 15 to 20 miles per day, no matter what. His team won, and he became the first person to visit both the North and South Pole.
So, it is okay to work your way up to going all-in, but you’ve got to keep moving. That may be making every Saturday your day to work on your new venture. Then asking your boss to cut back to a 4 day work week, and spending 2 days on your next thing. Keep shifting that every month and in 6 months you can have comfortably made the transition to your new business and lifestyle.
Whatever you do, taking action. Commit to learning every day, and doing something every day that will carry you forward.