Friday, March 31st, 2017

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“Ready, Fire, Aim” and Lessons from the US Open

ready, fire, aim!Did you have a chance to watch the golf’s second Major of the year, the U.S. Open?

Well (as of the time I’m writing this article) they just finished up the sudden death playoff after playing an 18 hole playoff and the result was that Tiger Woods won his 14 Major Golf Tournament of his career over the 158th ranked player in the world Rocco Mediate.

Tiger Woods is just coming off knee surgery and had not played a competitive round in 2 months…

Rocco Mediate is the happy go lucky player we can all relate to who nobody thought had a chance at the start of the week.

In fact, Rocco had to play in a sudden death playoff this past week just to qualify to play in the U.S Open.

But I notice that both of these players have something special in common:

They have both had to persevere against incredible odds…

And I think in business (that includes real estate investing) we can take a lot of lessons from these two incredible athletes…

First, if you get knocked down get right back up and go at it again.

My interpretation…Don’t ever give up!

Second, you are never too young or too old to have huge success.

My Interpretation…do not let any self limiting thoughts influence you into giving up or saying “I can’t do that”.

Is Your Dream Worth Your Perseverance?

You are reading this right now because you have a dream of becoming a successful real estate investor…

What level of success you have already reached I do not know. But, if you keep the attitude that you will NEVER give up until you reach your goals and you NEVER let the “I can’t do that” thoughts enter your head, you WILL be a success…

I am reading an incredible book by Michael Masterson right now called Ready, Fire, Aim and the chapter I just finished reading was all about implementation.

Film Making, Real Estate Investing and Implementation

Ready, Fire, Aim!One of the examples Masterson gives is becoming a filmmaker. He lays out two courses of action for how one might go about pursuing this endeavor…

Option #1: Go to school for a few years, get a nonpaying internship, work your way up and hope for a big break after 15-20 years…

OR…

Option #2: Just go out and make a movie. It may be terrible or it may be great, either way you have taken an action to get you much closer to your dream. And the next time you make a movie, it will most likely be better than the first.

Masterson then related it to his real estate business…

He decided he was going to invest in real estate, and started by finding someone to partner with who was going to do the due diligence while Masterson funded the business.

Masterson quickly picked out a few potential investments and then let his partner do the leg work. While the partner was doing the work, Masterson did everything he could to get an education in real estate investing…

But keep in mind that he had made up his mind that he was going to purchase at least one of the three properties his partner was researching…

Do you see how he was putting into action the Ready, Fire, Aim principle?

Imperfect Action Always Beats Perfect Inaction

This is what I want you to do with your real estate investment business.

  1. Decide right now that you are going to become a successful real estate investor.
    .
  2. Go out and pick a few potential properties and start researching and doing the due diligence.
    .
  3. Get educated. Read all the books, listen to all the CD’s, watch all the DVD’s, attend every LIVE event and listen in and/or watch every teleseminar or webcast possible.

ross treakleI hope that you have enjoyed my ramblings…

– Ross Treakle

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Ross Treakle lives in Knoxville, TN and is the founder of the RE Investing Link, a social networking website for real estate investors. Gain new knowledge in our forums, avoid mistakes by learning from other investors in our blogs, use our Free HUD Generator on your next deal, and position yourself to become a real estate investment millionaire at RE Investing Link.

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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. :-)