Friday, May 26th, 2017

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How to Avoid the “Opportunity” Trap (and Stop Stabbing Your Business in the Knees)

Avoiding the Opportunity Trap

By: Brad Wozny, Author 6 Figure Syndication Secrets

Why Your Business Will Get Punished If You Don’t Remodel It Now

Did you know that the top 5% of the wealthiest people in the world earn nearly 90% of its income?

That’s because there’s a major problem that plagues every financial freedom-craving, money-making, opportunity seeker out there. It’s something that the economic elite have recognized and conditioned themselves to avoid because this problem follows the other 95% of people around like an unknowing shadow.

Often, the problem is so subtle that the signs are missed, and it causes entrepreneurs to put themselves through an unnecessary hell over and over and over again until one day, they finally get fed up, pack up their bags, and sit on the sidelines of temporary defeat.

What’s even worse is that this problem creates a nasty habit in the human psyche, and the cycle begins to repeat itself. Eventually, they become upset with their work environment, feel that they’re truly not earning enough, and get up the guts to jump back in the game. While they may see a win or two when they first start out, they’ll inevitably spiral downward into a financial abyss of defeat once again.

The problem I’m referring to here has a label called “opportunity.”

How the Top 5% Think Differently

There’s a key difference that separates the top 5% of the investors who earn much more than a full-time income from part-time effort … and those who work hard, spend lots of money on programs, books, and weekend trainings, but end up going nowhere quickly.

Those elite investors who have a rock solid investment business which is sustainable and grows are able to do so because they think strategically and not opportunistically.

The following two lists demonstrate what I mean.  Which one are you?

The Average Opportunistic Investor:

  • Deal presents itself, jump right in
  • Scattered, has no plan, “Just wants to make money”
  • Switches investment strategies and tactics whenever market masses do
  • Believes they must equip themselves with every strategy, tactic, software system, and tool available to be successful

The Top 5% Strategic Investor:

  • Deal presents itself, pursue only if fits their strategy
  • Has specific goals and institutes processes to “grow a business”
  • Switches investment strategies and tactics only after their business goals are met and are then reassessed
  • Acknowledges and understands that only several strategies, tactics, a few business basics, and key tools are necessary to have a considerable financial impact and build a massive business from home

Putting Property Investing and Home Businesses into Perspective

No matter how you cut it, the opportunity seeker is doomed to complete failure every time. The opportunistic investor is one who is guided by emotions. And friends, making decisions based upon emotions instead of level-headed thinking that looks at the facts and sticks to basic business and investment fundamentals … well, it’s extremely dangerous.


Bottom line? EMOTIONS = COST. And emotions have no place when it comes to investments. Period.

In fact, whenever I’ve worked with my coaching clients, or spoken in the workshops where I’ve taught throughout North America, I drill away at this point very hard.

Unfortunately, all too often, I see the people sitting in their chairs rolling their eyes or politely nodding their heads while they quietly urge me to “move on to the good stuff.”  And for them, the “good stuff” is just strategies and tactics.

I truly hope you’re not one of those people.

I hope that for your own financial sake, you take this particular lesson to heart and see it for what it is.  If you ignore this powerful, yet simple, lesson, it will indeed cost you your business down the line…and perhaps, even your credit, what you have in your bank, and even everything you own. I guarantee it.  So, stay away from this trap.

Here’s How to Change Your Mind…

From now on, think strategically about everything you do in real estate…

If you have been doing so thus far, kudos to you and keep it up. If you haven’t been, change that behavior and mindset this very instant, and look upon yourself as a strategic real estate investor and business owner rather than an opportunity-seeking money-maker.

A key lesson for you is to match up your goals with your needs and locate the one or two (never more than two) strategies that map back to those criteria.

For instance, if you have very little cash in the bank, and your financial goal is to have a six-figure bank account within 12 months, you need to focus your energies on assigning contracts and double-closing properties. You need to avoid deviating from this business strategy whenever the supposed “next great thing” comes along.

But that’s not enough. The second big challenge you need to overcome is how to distinguish your business in order to stand above the competition and survive today’s marketplace.

Surviving Today’s Ultra Competitive Marketplace

The landscape for building a real estate investment business has changed drastically over the past quarter century. The nature of the beast today is that any investor faces the following……

(This article is from Brad’s 77 Page Shock and Awe Report: Real Estate Investing Doctrine for Today’s Crisis which is currently off market)

About Brad Wozny:brad-wozny

Former forest firefighter and Search & Rescue qualified Infantry Reservist Brad Wozny considers the day he stepped off the 80hr/week corporate treadmill to be “One of the BEST days of my life…”   Within his first 93 days as a real estate investor, he pocketed more than 11 times his annual salary, and now enjoys working whenever, wherever, and however he wants.

Brad is also the highly acclaimed author of the “Shock and Awe Doctrine”, a free report outlining his blueprint for building a 6 figure income and a 7 figure net worth through real estate state investing.

Thoughts? Questions? Comment!

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How to Avoid the “Opportunity” Trap (and Stop Stabbing Your Business in the Knees), 5.0 out of 5 based on 1 rating

About 

JP Moses is a roughly-hewn man-child who first got into REI after reading Rich Dad, Poor Dad back in Y2K and went full time in 2002. He's tinkered in everything from landlording to short sales to rehabs to Realtoring to REOs to notes to owner financing, blah, blah, blah...Till he finally stuck his flag deep into wholesaling and has since flipped somewhere north of a couple hundred deals.

JP's not a “guru” but also doesn't think it's a bad word. Among his core values are authenticity, creativity, big honkin' value, general fun-ness and being unshaven. He's super proud to be chief blogger guy at REItips.com and host of the free REIology podcast. He also thoroughly enjoys sharing his 53 best real estate investing forms with anyone who wants them. You should totally check that out. :-)

  • Hi jp, you have scared my by describing me exactly. I didn’t know I was like so many others. This is good to know on one hand but a wake up call on the other. Time to tak action and narrow my focus. Thanks….

  • Hi jp, you have scared my by describing me exactly. I didn’t know I was like so many others. This is good to know on one hand but a wake up call on the other. Time to tak action and narrow my focus. Thanks….

  • Steve

    lol Funny how this message is going to touch most everybody who’s ever bought a course… 9 times out of 10 there going to buy another, then another… I’ve met guys who already have a system in place and are making money hand over fist and still spending 1000’s in courses… We’re all looking for that “Holy Grail”… I don’t see anything wrong in improving ones education, just wasting time going from one stragedy to the next and not getting anywhere can be a problem… That alone would make anyone confussed… I admit I fall into this catagory because like many I’m on my own and always looking for an easier more cost effective way of doing this business… Just please don’t tell me Brad’s got a course on all this now too… After years, I’m done with buying courses for a while!

  • Steve

    lol Funny how this message is going to touch most everybody who’s ever bought a course… 9 times out of 10 there going to buy another, then another… I’ve met guys who already have a system in place and are making money hand over fist and still spending 1000’s in courses… We’re all looking for that “Holy Grail”… I don’t see anything wrong in improving ones education, just wasting time going from one stragedy to the next and not getting anywhere can be a problem… That alone would make anyone confussed… I admit I fall into this catagory because like many I’m on my own and always looking for an easier more cost effective way of doing this business… Just please don’t tell me Brad’s got a course on all this now too… After years, I’m done with buying courses for a while!

  • Sam

    Analysis Paralysis syndrome! Finding out what you do best & sticking to it. There are millions of us out there that fall into the trap of never taking action. I too have my “wall of shame”, tons of pretty leather binders from all the boot camps, the end result being: not TAKING ACTION. We end up frustrated & griping that the courses/trainings don’t work or are a scam. What doesnt work is US! Fear, lack of confidence, belief that you cant do this. Until you learn how to get out of your own way, nothing works. Education can pay, but only if you take action. You must invest in yourself continually, the most important piece of Real Estate is between your ears! Get rid of that chatter in your head, stay away from those that continue to add to that negativity or you will go no further in life personally or professionally. If you know what you do best, do it. Then network & joint venture with those that have the skills you do not. Strategic Alliances, and partnerships can make all the difference which is what I believe Brad is trying to get across. I have met hundreds of Investors doing exceptionally well that do not appear to have the skills, I believe I possess, yet they were kicking butt simply because they took action. They focused on what they wanted & did what was necessary to make it happen. An acquaintance several months ago told me I was like the “mayor” as it seemed I knew people everywhere. Then it hit me like the proverbial ton of bricks. I am a connector! I know buyers, sellers, & financiers I AM the MIDDLE MAN. It is a natural fit for me, although until recently I wasnt aware that I could monetize it to everyones benefit. If you are truly interested in Real Estate as a vehicle to get you where you want to go, find someone who is successful at it, invite them to lunch or a cup of coffee and ask them what made the biggest difference for them getting started. Get to a local REIA meeting or other Investor group meetings, network, mingle, ask questions, get in the game.

    Well said, Sam! I should give your comment a post of it’s own!

    I too have characteristically been a middle man in just about every endeavor I’ve put myself to — a connector between two parties/assets, each of which want and need each other. And getting compensated in some way for the value I provide, not just in making the connection, but along the process as well.

    Anyone else having any light bulb moments here?

    …jp

  • Sam

    Analysis Paralysis syndrome! Finding out what you do best & sticking to it. There are millions of us out there that fall into the trap of never taking action. I too have my “wall of shame”, tons of pretty leather binders from all the boot camps, the end result being: not TAKING ACTION. We end up frustrated & griping that the courses/trainings don’t work or are a scam. What doesnt work is US! Fear, lack of confidence, belief that you cant do this. Until you learn how to get out of your own way, nothing works. Education can pay, but only if you take action. You must invest in yourself continually, the most important piece of Real Estate is between your ears! Get rid of that chatter in your head, stay away from those that continue to add to that negativity or you will go no further in life personally or professionally. If you know what you do best, do it. Then network & joint venture with those that have the skills you do not. Strategic Alliances, and partnerships can make all the difference which is what I believe Brad is trying to get across. I have met hundreds of Investors doing exceptionally well that do not appear to have the skills, I believe I possess, yet they were kicking butt simply because they took action. They focused on what they wanted & did what was necessary to make it happen. An acquaintance several months ago told me I was like the “mayor” as it seemed I knew people everywhere. Then it hit me like the proverbial ton of bricks. I am a connector! I know buyers, sellers, & financiers I AM the MIDDLE MAN. It is a natural fit for me, although until recently I wasnt aware that I could monetize it to everyones benefit. If you are truly interested in Real Estate as a vehicle to get you where you want to go, find someone who is successful at it, invite them to lunch or a cup of coffee and ask them what made the biggest difference for them getting started. Get to a local REIA meeting or other Investor group meetings, network, mingle, ask questions, get in the game.

    Well said, Sam! I should give your comment a post of it’s own!

    I too have characteristically been a middle man in just about every endeavor I’ve put myself to — a connector between two parties/assets, each of which want and need each other. And getting compensated in some way for the value I provide, not just in making the connection, but along the process as well.

    Anyone else having any light bulb moments here?

    …jp

  • Bradley

    In answer to your question JP!

    The light bulb is on, what I see is ugly, probably wish the light bulb would go out again but Iknow it won’t. Can’t ignor that bright light. Going to have to get out there and just do it. If I fail I fail but more than likely I will succeed. I know enough it is action that I am lacking.

    Already started to take that action this morning.

  • Bradley

    In answer to your question JP!

    The light bulb is on, what I see is ugly, probably wish the light bulb would go out again but Iknow it won’t. Can’t ignor that bright light. Going to have to get out there and just do it. If I fail I fail but more than likely I will succeed. I know enough it is action that I am lacking.

    Already started to take that action this morning.