In this episode of the Forever Cash Podcast, I share 5 characteristics of a person who has what it takes to win in land investing. But, really, these characteristics are key to winning at anything in life.
#1 Have a Goal.
If you don’t know where you’re going, how will you know how to get there? Most people are just floating through life. They have a job they don’t like, but it makes “enough” and they “don’t hate it.” I call this “comfortable misery.” No goal of saving a million dollars in the bank. No goal of becoming executive vice president. They might say, “I want to change my life.” But, if you’re not specific about it, you’re going to fail.
Those who win in land investing have looked into our Land Profit Generator community, have seen other successful people with a lifestyle they want, and they’ve made specific goals:
I’m going to:
- To make $300k in the first year
- Do 25 different deals.
- Outsource it at this specific point in the process
- Do ‘x-y-z’ to free up the time and money to do that
#2: Know Yourself.
You wouldn’t believe how many people don’t truly know themselves. Do you know your strengths and weaknesses? Do you know your tendencies when it comes to your work ethic? If you have a bookshelf full of self-help books and courses, and you haven’t even cracked the cellophane on most of them, you don’t know yourself.
Are you an extremely disciplined person that, once you make a decision, you hold on like a bulldog and won’t let go? My daughter is like that. She comes home from school and doesn’t want to go out for ice cream until she’s finished her homework. She gets that from Michelle, who is very disciplined and responsible.
I have the tendency to start something, get sidetracked, start something, get sidetracked. If I want to be successful, I need to put myself in an environment that doesn’t allow me to fail.
#3: Create an Infrastructure of Support
We have these artificial constructs all around us that keep us in line when our natural tendencies lead us astray—like high school, college, a job. They keep us disciplined when we don’t want to be. If we go out on our own, we have to create artificial infrastructure to maintain our discipline so we don’t back out.
We do this for you in our land investing coaching program. The LPG program provides a structured environment that helps you, protects you, and accelerates you, all while holding you accountable. We plug you into an ongoing support system to get the answers you need and help you stay on track in your land investing business. We teach you how to build a sustainable business and walk through life with your head held high.
#4: Know Your Why
Why do you want to move out of your current situation? Are you working 60 hours at a job you hate? Is there someone in your family who is in poverty, and you could break them out of that? Do you have big dreams for you and your partner and/or kids?
You need to put that “WHY” in front of you so that your urgency to make it happen is BIG. Then, if you get sick for a week, your kids get sick for a week, or some other big life obstacles get in your way, you’ll have the drive to get back up, get going, and start that momentum again.
#5: Be Consistent and Persistent.
Everyone wants to wake up wealthy tomorrow. They want that magic pill, that magic wand. But Rome was not built in a day. You’ve got to put the effort in, step by step, day after day. Do something in your land investing business every single day, and do it consistently no matter what. Put the blinders on. Make the commitment. Get in line. Stay in line. Chip away. Get the right support system and just march.
If you can put 5-10 hours a week into your land investing business on a consistent basis, and get the proper coaching, there’s no way in hell you’re not going to be successful.
- Success stories from some of our new land investin students
- How to stay laser-focused on your goals
- Why our Land Profit Coaching Program is so successful