One Simple Habit Most Successful People Practice Every Day

By
Real Estate Broker/Owner with Real Estate Teammates BK3322137

 

 “The only thing worse than not reading a book in the last ninety days is not reading a book in the last ninety days and thinking that it doesn’t matter” — Jim Rohn

 

To be successful in real estate investing, you have to take the right actions. A wrong turn could put you back years and cost you a lot of money. There are two ways of learning what works and what doesn’t. You can learn from someone else’s mistakes, or you can make them yourself.

If you want to do anything great, chances are someone has already done it. They’ve also made a lot of the same mistakes you’re likely to make. There’s this funny thing about successful people. They love talking about how they did it: writing books, blogging and giving speeches.

Think about this for a minute. If you read a book of distilled lessons from an investor with thirty years’ experience, have you not gained thirty years of knowledge? How long would it take you to gain that knowledge yourself?

 

“If you listen to instructional CDs as you drive each year, it would be the equivalent of two semesters of an advanced degree in college.” — Brian Tracy

 

What would happen if you read two investing or business books a month starting now? In a year you would have read 24 books. If each book distilled just 10 years of the author’s investing experience, you would now have 240 years’ of knowledge. In just four years, you would have gained over 1,000 years. How much time and money do you think that will save you? A book costs $15. Blogs are free. What is the cost of making a real estate mistake?

 

“Read 500 pages like this every day. That’s how knowledge works. It builds up like compound interest. All of you can do it, but I guarantee not many of you will do it.” — Warren Buffett

 

Let’s Look at a Few Statistics

 

88% of the wealthy read thirty minutes or more each day vs. 2% of the poor.

63% of the wealthy listened to audio books during their commute to work vs. 5% for the poor.

85% of the wealthy read two or more self-improvement books every month vs. 15% for the poor.

 

How to Find Time to Read More (& Make It Count)

 

Bathroom Reading

Have a short chaptered book in the bathroom. The One Thing, The Book on Investing in Real Estate with No (and Low) Money Down and Don’t Sweat the Small Stuff are my favorites. You can read and re-read these books.

 

 

Car Reading

Audible has a huge selection of affordable business audiobooks available. Most books are 8-15 hours long and easily finished during your work commute.

 

Making Time Before Work

Most people learn better if they read in the morning. Start your mornings reading something educational. If you read in the morning, you can spend the rest of the day reflecting on and trying to implement what you’ve learned.

 

Conclusion

 

“Formal education will make you a living; self-education will make you a fortune.” — Jim Rohn

 

 

Every day you choose what you do and you choose what you don’t do. The more you learn from other people, the more successful you’ll be. Warren Buffett, one of the richest people to ever live, spends about 80% of his work day reading. He started this habit when he started investing.

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Rainer
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Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

i agree with 99% of this..however i point out,. i know college professors who read, write and study 12 hours a day and cant think their way out of a paper bag. And if they can or could, often they WONT take the first action to do so.

Aug 23, 2015 07:12 AM #1
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Rainer
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Ed Macias

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