Let me share two things with you right off the hop:
- It requires commitment and hard work.
- It’s the best decision I ever made.
If you’re like me, you have a desire for freedom of time and abundance of money. You’re a go – getter, you think outside of the box, you don’t want to be stuck within the confines of a 9-5 anymore. You want to enjoy life to the fullest and spend less time earning the money you need to support the life you want.
I will always say that if you want to go fast, go alone – if you want to go far, go with others. I am a huge believer in coaching and mentor ship and that’s why I have spent thousands upon thousands of dollars to get where I am today.
I have probably spent nearly a quarter million in coaching and professional development – but guess what? I now have ownership in 40 million dollars worth of properties. Not a bad ROI! (At this point, 0.625% my investment value has been spent on education)
That wasn’t always the case – The percentage dropped as my properties increased. So, at the beginning of your journey, it will seem like a large portion of your money is going to coaching — but consider that value spread out over the next 5 or 10 years!
If I hadn’t spent my first 30,000 on the education I needed, I would have NEVER got to the level I was at 5 years ago. If I didn’t continually upgrade my own knowledge, I wouldn’t be where I am now because I couldn’t have been competitive with others that were willing to invest in themselves.
Even still today, as a multi-millionaire investor – I upgrade my personal and professional development on an ongoing basis. I do this because I love it and I always want to be at the top of my game. Investors and students come to me for guidance and expertise. To be successful, I need to bring the value and education.
This especially rings true if I am not the one putting the money into the deal. If you’re seeking money partners, you better bring education and value to the table.
Consider the cost of a university education to be a doctor – Let’s just guesstimate that the average Saskatchewan medical student pays approximately $13,000 per year in tuition. Now factor in books, cost of living, and TIME! When that student graduates after 7 or 8 years they will leave school with approx 250,000 in debt and will be starting their career behind the 8-ball.
The average Canadian Doctor earns approximately 175,000 – 275,000 per year.
I invested nearly the same amount of money over the course of the last 9 years – but less than a quarter of the time and I now hold investments valued at 40 million dollars within the same time it took that student to even finish school.
I am not writing this to dissuade anyone from post secondary education and or following their passions – we need doctors and we need people in every profession.
What I am saying is that if you are considering real estate investing as a career and want to be successful you will undoubtedly have to put in the money and the time to educate yourself. Sure, you could educate yourself on your own and read the books an watch the free videos online, but consider your time? Without professional coaching, how long would it take you to learn the things you need to know to become an expert in your field. Your time is money.