💡Think Like an Investor
Happy Monday!
Here is an Idea, an Action, and a Question to consider this week.
Idea
For real estate agents who aspire to become investor-agents, I highly recommend reading "Cashflow Quadrant" by Robert Kiyosaki. It explores the different mindsets and advantages/disadvantages of employees, self-employed individuals, business owners, and investors.
Typically, real estate agents operate as self-employed individuals, focusing on earning through active work rather than adopting a business or investor approach. As a self-employed person, your income depends on your active efforts. Effectively, your time equals money.
However, a business owner or investor can generate income continuously, even when not actively working. They successfully detach the direct time-requirement in making money.
When dealing with investors, it's crucial to adopt the mindset of a business owner or investor rather than that of a traditional W-2 employee or a standard 1099 real estate agent. This shift in perspective is essential for building connections within investor networks. To succeed as an agent in this field, start thinking like your clients, the investors.
Action
Read Cashflow Quadrant and shift your mindset.
Question
Are you comfortable talking to investors, or do you get intimidated?
See you next week,
Matt “Roar” Gardner
Real estate investor-agent, Author of Supersonic Real Estate: Light Your Afterburner to Accelerate Your Investor-Agent Career (Coming Soon!), and keynote speaker.
