What Is The Easiest Formula For Success In Real Estate Investing?

Want to know the easiest, fastest way to achieve success in real estate investing? Check out this blog post for the simple formula that could completely change how you invest.

Everyone has their own definition of “success in real estate investing.” Your definition of success is the reason you got into investing in the first place – perhaps to augment your paycheck, get financial freedom, build a real estate empire, whatever. That’s the beauty of real estate investing: There are many reasons to get into the business and many ways you can benefit.

Even though there are many ways to define success, there is really only one formula to achieve success. It doesn’t matter how you define success, there is really only one way to actually get to that destination.

It’s a simple formula that you can implement daily. Knowing this formula will influence every action you take from this day forward and it can help you achieve your definition of success that much sooner.

Here’s the success formula:

Action + Consistency = Results

That’s it. Yes, it maybe seems almost too simple. And perhaps that’s part of the problem: We think the formula for success should be more complicated but it’s not. When you take action, and you do so consistently, you will see results. A must-read book on this topic is Darren Hardy’s book The Compound Effect. Get a copy of the book and become a practitioner of action applied consistently.

This formula applies to so many areas of life, both good and bad. Here’s a couple of health-related examples:

• Someone who takes the “action” of sitting on the couch, eating potato chips and watching TV, and does so consistently, will see results.

• Someone who takes the action of working out daily and eating a balanced diet, and does so consistently, will see results.

Both will see results – one will see negative results and may experience serious health concerns, the other will become lean and fit. These results won’t happen overnight but when consistently applied the results will happen.

We see these in every area of our lives, from health to relationships to finances to real estate investing.

• Actions: In real estate investing, there are many actions we can take to invest. (You’ve probably met someone who wanted to become an investor but never took action; and if you’re an investor yourself, it’s because you decided to take action).

• Consistency: In real estate investing, it is action applied consistently that generates results. (You’ve perhaps met an investor who struggled because they bounced from one type of investing to another without really ever mastering one type of investing).

When you take action and do so consistently, you will achieve results. And when you wisely select the right actions (ones that will build toward your definition of success) and you perform those actions over and over again, you will not only see results, you’ll achieve your definition of success in real estate investing.

Here’s how to implement this formula in your real estate investing:

1. Clearly articulate your definition of success in real estate investing

2. Identify actions you need to take that will collectively contribute to your success.

3. Build a habit around each action so you can remember to do it regularly.

4. Push forward with daily action. Keep at it. Don’t give up!

This formula has a beautiful simplicity to it. It doesn’t get more complicated. Just identify actions and perform them consistently and you will achieve success in real estate investing.

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