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The law of accumulation basically says......???

By
Real Estate Agent with Coldwell Banker Access Realty 433494

The law of accumulation basically says......???

 

that achievement is the result of constant and perpetual effort.

 

Everything you have done throughout your life negative or positive multiplies over time. 

 

With a quick illustration on money it works something like this. We all want to be rich, but even the rich unless inherited started out by saving something first. Putting away just $3.00 a day from the age of 20 until you were 65 and receiving a return of 9% over those years you would be a millionaire. You would have saved $43,800 over those 40 years and the law of accumulation would have done the rest.

 

 

The same goes for prospecting, but it doesn't happen overnight. You have to prospect for at least 90 days before this LAW kicks in. The key is 90 days because it takes this long to acquire new leads in your database. It also takes this long or a tad longer with the short sale market we all face.

 

Finding a home for a buyer or finding a buyer for a property you just listed may take at least 30 days. You have to put in the effort before you can expect compensation.

 

Keeping in mind this one lesson will reward you in front of the pack. The first quarter in 2012 is a great way to set your sights and work your plan for a successful year.  

 

Posted by

P. Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA

We service all of Palm Beach County and S. Florida

 

 513 N. Country Club Drive, Suite 200, Atlantis, FL 33462

Office: (561) 247-7376 - Fax: (561) 537-7223 - Cell: (561) 629-2660

Email: PWH@WinstonRealty.co - Web: WinstonRealty

 

Search: Atlantis, Boca Raton, Lake Worth, Palm Beach Gardens,

South Palm Beach, West Palm Beach           

 

                      

              

P Winston Heverly - Real Estate Agent

Rosemarie Heindel
Harry Norman Realtors - Big Canoe, GA
Rosemarie Heindel

Thanks for this insightful post. It's a good reminder to us about how much work we need to put in to get a buyer. And boy how I wish I had put away $3.00 a day from the time I was 20!

May 15, 2016 03:20 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Winston, the power of compound interest should be pounded int every student before they graduate high school.  It is a powerful tool and needs to be emphasized far more than it is now.

May 16, 2016 03:43 AM