Special offer

Become a money magnet

By
Real Estate Broker/Owner with Cornerstone Business Group Inc 0225086119

When my sons were little they were like most kids.  They saw something, they wanted it.  Fortunately for them, they never did the screaming "I want it, I want it" in a store.  I could look at them if they even got close to a tantrum and they would turn into little soldiers.  Quiet, and at attention.  In that, I was blessed.  It was what I called the Clint Eastwood stare.  My wife had the same stare. 

On the flip-side, I didn't want them to think they couldn't receive "stuff" except for birthdays and Christmas, so I did something to help them learn how to acquire their "wants" that were reasonable.  I taught them to become money magnets.  What? Money magnets. 

When I was a young real estate investor I taught classes to help people learn how to create wealth through real estate investing.  I would only take 20 students at a time.  So, the sessions were intimate.  One of the first things they would say to me was,"Nobody in my family is wealthy.  Why would I become wealthy?"  To which I always responded, "Why not?"  Most millionaires in this country are first generation millionaires.  It always starts with somebody.  Why not you?

Here a few of the thoughts I taught my sons and my classes.  If you're going to be financially indepenent, or if you're going to be successful in business you need to develop a mindset of expectation:

  • Expect it.  If you think you'll never be financially independent, you probably won't.
  • Expect money to come to you.  My oldest son caught on to this one early.  He must have been less than five when my wife had him out shopping.  He asked for something.  His mother said, "Find the money."  He went on a search at a 3.5 foot level.  In a few minutes he had the coins he needed to buy whatever the item was.  Where did he get them?  He found them on the floor of the store. How?  He expected to find them, and he did.
  • Expect business to come to you.  If you have an expectation, your senses will be more attuned to opportunities.  You'll begin seeing opportunities everywhere. I not only have an expectation, but I've refined that to the level of expectation. 
  • Expect people to be drawn to you who need your services.  I picked up a new client the other day because of a guy who was logging.  What does that have to do with someone needing my services?  His fiance' needed to sell her house.  In our conversation he opened up about that, and I stepped through the door.  The irony is that a couple had just stopped me in a store a few days before, and they need a house, but they have a limited budget.  This house fits the bill.
  • Expect your training to make you a "go to" person in your field.  Pick what training you take with the thought in mind that this is for the client.  A lot of Realtor certifications are for the Realtor.  If you are selling properties to non-Realtors you should find out how to better meet their needs.  I just accepted a short sale on Sunday.  The couple called me about the listing and said, "We heard that you could make this happen."  I listed it Monday.  I'm meeting a client on Thursday night to sign a contract.  I make things happen.  Be the go to person.
  • Expect results.  Don't ever go into a listing, a contract or any real estate deal with an expectation of failure or problems.  You are a problem solver.  Problem solvers solve problems. 
  • Expect success.  Successful people don't leave the house in the morning hoping things will go well.  They leave knowing things will go well.  If things go sideways, they right them and move on to a successful conclusion.  They are always anticipating the next step, the next phase of a project, the next move of a client, a colleague, etc.  They have an expectation of success, and it comes to them.  I ran into a colleague recently that said she was so excited that we were going to do another deal together.  She said, "It is always such a pleasure working with you.  I know it will be successful and painless every time."  Expect Success!

Financial independence, success in business and in life all start with healthy expectations.  When you live a life of expectations you change the way you see and carry yourself.  You're not expecting others to make you successful, you're expecting success to come to you because of your mindset, your talents and your  skills.  If you have a mindset of success you will gravitate toward success.  If you have a mindset of failure, you will gravitate to failure.  Trust me, I've had success, and I've had failure.  Success is better.

 

 

Comments (17)

Kathy Streib
Cypress, TX
Home Stager/Redesign

Mike- I like your approach because it goes hand in hand with how I prefer to think and that is to have a positive mindset.  When you have these expectations and when you surround yourself with people like this, you can't help but to expect success. 

Sep 07, 2015 12:45 PM
Mike Cooper, Broker VA,WV
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

Thanks, Kathy. Without expectations, we will have a hard time meeting our goals. Money is just one key to freedom. 

Sep 07, 2015 12:58 PM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

And there it is... the law of attraction hard at work. 

Who said it and what is the rest of this quote: "As a man thinketh..."

Sep 07, 2015 01:59 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Mike Cooper - very well said! Money is just one by-produce of our success.

Love many quotes from your post - however, this one I can't resist to re-post it in my comment, applicable to me, too (and perhaps many of us!)  ---

"Trust me, I've had success, and I've had failure.  Success is better."

Sep 07, 2015 02:30 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Mike - You are right that you need to change your mindset if you want to become a money magnet.

Sep 07, 2015 03:26 PM
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Mike, mindset is everything.  This is a great reminder to keep our expectations positive.

Sep 07, 2015 04:12 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I love this post Mike, and also have worked hard to teach my children to earn and invest.

It surprises me that people would have taken our class if they did not plan to become wealthy.

It is good that you could be there to inspire them.

Sep 07, 2015 04:25 PM
James Dray
Fathom Realty - Bentonville, AR

Good morning Mike.  I wonder why this one is not a featured post?  Good information and you are right sir.  

Sep 07, 2015 08:48 PM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I just had to BOOKMARK this one to come back and share with my Team !

Sep 07, 2015 09:48 PM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Mike. This is a great story and I hope you can incorporate it into my eulogy. :)

Sep 07, 2015 10:20 PM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

I totally believe this - expecting success brings success. Too many people think the worst of everything and that's what they seem to bring into their life - negative results.

Sep 07, 2015 10:21 PM
Mike Cooper, Broker VA,WV
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

Very true, Marte. Solomon was a wise man.

Thanks, Praful.

Absolutely, Troy.

You are so right, Sharon.

Thanks for the reblog, Bob.

Thanks for dropping by, James.

I'm honored, Michael.

Sheila, your eulogy is going to have to be a series. 

Amen, Kat. Congratulations on your three years of success.

Sep 07, 2015 10:32 PM
Andrea Bedard
Thompson Company, REALTORS® 240.593.2860 - Silver Spring, MD
Fluent in Real Estate & German, M.A. ABR ASP CIPS

From now on I'll be telling the girls to "find the money" when they want something. I know they won't disappoint me. We just opened up their first bank accounts. They have a choice how much of their allowance will go into savings, they can spend the rest on whatever they want. Both chose to deposit all. *proud mama moment*

I very much agree with you.. when one gets up in the morning complaining and thinking "today is going to suck", today is going to suck. I am trying to put "today is going to be an awesome day" into my mind before I get out of bed .. I don't always succeed but I keep trying.

Sep 07, 2015 11:37 PM
Mike Cooper, Broker VA,WV
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

Awesome, Andrea. There is a book you'd love called, "Debt proof your kids." We used the principles with our boys and it has stuck with them into their adult lives. Here's a link to a blog I did a long time ago about how I worked with my sons. http://actvra.in/cgC

Sep 07, 2015 11:47 PM
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Mike, I love this post! It all starts with a positive mindset. I remember talking to an older gentleman who was in his 80's who told me one of the first things out of his mouth every morning "money comes to me". Expect it!

Sep 08, 2015 07:15 AM
Jill Murty, Realtor - Orange County, CA
Movoto - Laguna Niguel, CA

I love, love, love this post.  People are in desperate need of money training.  To start it early is invaluable.

My parents matched us dollar for dollar on things we wanted to buy.  That made us have a greater appreciation of dollars and what it took to earn them.

Attitude is everything.  Have a good one.

Being a problem solver is key.  When you see potential problems coming, it's great to identify and prevent, if possible.

Sep 08, 2015 07:41 AM
Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

Saw Bob's reblog and couldn't agree with you more. Watch for opportunity and you'll find it. 

Sep 08, 2015 11:03 AM