Four Patterns For Realtor's Financial Freedom

Real Estate Broker/Owner with Royal Lepage Kelowna

Anyone can get lucky and win the lottery. Anyone can pick a winning stock from time to time. But if you want to achieve lasting financial success, you need more than just the occasional lucky break. What I’ve found over almost four decades of studying success is that the most successful people in any field aren’t just lucky. They have a different set of beliefs. They have a different strategy. They do things differently than everyone else. I see this in every area of life, whether it’s sustaining a happy and passionate marriage for more than a half century, losing weight and keeping it off for decades, or building a business worth billions. The key is to recognize consistently successful patterns and to model them, using them to guide the decisions you make in your own life. These patterns provide the playbook for your growth and success.

When I embarked on my journey to find solutions that could help people financially, I studied the best of the best, ultimately interviewing more than 50 investment titans. I was determined to crack the code—to figure out what explains their stunning results. Above all, I kept asking myself one question: What do they all have in common? I discovered what I call the Core Four patterns that can powerfully influence your ability to achieve financial freedom, whether you’re investing in the market, or considering a new business venture.

  1. Don’t lose. The best investors are obsessed with avoiding losses. They understand the simple fact that the more money you lose, the harder it is to get back to where you started. If you put $100,000 into an investment and lose 50 percent the first year, you now have $50,000. If you then make a 50 percent return on that $50,000, you still only have $75,000. You’re down $25,000.
  1. Understand risk and reward. Conventional wisdom suggests you need to take big risks to achieve big returns. But the best investors don’t fall for it. Instead, they hunt for opportunities in which the rewards vastly outweigh the risks.
  1. Manage your tax burden. There’s only one number that truly matters: The net amount you actually get to keep.
  1. Diversify. In investing, everything comes down to owning an array of attractive assets that don’t move in tandem. In business, it’s important to be able to serve your clients or customers in multiple ways. Not many successful restaurants have only one item on the menu.

When it comes to these principles for healthy financial growth, execution is everything. These principles make for a simple, invaluable checklist. Whenever I’m speaking with my financial advisors about a potential investment, I want to know whether or not it meets the majority of these four criteria. If not, then I’m simply not interested.

Strength and courage,


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Kimo Jarrett
WikiWiki Realty - Huntington Beach, CA
Pro Lifestyle Solutions

Financial success IMO has more to do with commitment, a comprehensive plan and execution. Saving is essential, so saving first is the primary commitment, spend on what is essential and save as much as possible. Create a comprehensive plan to grow your savings and execute your plan and continue saving, maybe even increase your savings.

Finally use leverage to increase your wealth by multiple use of strategies, appreciation, tax reductions and asset sales. Replicate as often as possible.

Jul 25, 2019 08:19 PM #1
Kat Palmiotti
406-270-3667,, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

The net amount is definitely the important part. 

Jul 26, 2019 02:45 AM #2
Tony Morganti
RE/MAX Crossroads in Cuyahoga Falls and Stow, Ohio - Cuyahoga Falls, OH
CRS, ABR, SRES - Cuyahoga Falls, Stow

Wade thank you for the informative post that really breaks it down quite nicely.  

Jul 26, 2019 05:52 AM #3
Anna Banana Kruchten CRS, CRS, Broker, Instructor
HomeSmart Real Estate BR030809000 - Phoenix, AZ

Hi Wade Webb it's good to see a financial post written here in the rain. In my experience many agents have no idea of how to even begin creating wealth and it is so very important to learn. I learned a lot from watching Fox Business over the years and in particular, Charles Payne. He's really smart as are the people he has on his show. There is also a new book of his out "Unstoppable Prosperity" which is an excellent road map to wealth building, especially for newbies!

Jul 26, 2019 10:02 AM #4
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Wade Webb

Real Estate Coach - Agentsboost
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