What are some of the mental blocks that stop people from moving to the next level in their land business?
Listen in as Mark and a small intimate team dig deep into those common mental blocks that are holding people back in this business.
Joining Mark are:
- Scott Bossman
- Tate Litchfield
- Scott Todd
While there could be a number of reasons that stop people from progressing in their land business, the guys are going to talk about the most common reasons today, which are:
- The belief in yourself
- The one-in-one-out approach
- The fear of arriving too late to the party
- The fear of self-funding
As far as scaling it and getting the systems to the point where your 90% automated like all of us, I can’t say it enough—you cannot penny pinch your way to wealth. At some point in time you’re going to have to let go, you’re going to have to spend money even if it’s three bucks an hour on an inexpensive VA and start systematically getting yourself out of this business so you have a business and not a job.
Let’s dig into the one-in-one-out approach a little. This is where you buy one, then wait for it to sell before moving on to the next property. Why isn’t this a good approach?
Tate, who has spent the last three weeks recovering from a car accident talks about why he wasn’t worried about the money coming in while he was down because he has that passive income coming in every month… which is something that could not happen with the one-in-one-out approach.
It can also lead to burnout…
Scott Bossman recently talked to a gentlemen who is fairly new to the business. He has been in the land business for one year and has done 80 deals, but only 2 were on terms. He is making cash on his deals, then redeploying it into more deals, but none of it is passive and he’s completely burned out because he has just created another job for himself.
Both of these examples make the on-going argument for Mark, that cash is not king when it comes to building that passive piece and why it’s crucial to set the systems up and have a portfolio of notes coming in every month.
Listen in as the guys dive deep into all of the reasons listed above and show you that the only thing holding you back from taking you business to the next level is YOU.
And be sure to stick around for the after chat… it just may save you a trip to Italy!
TIP OF THE WEEK
Mark: Check out the book, Indistractable: How to Control Your Attention and Choose Your Life by Nir Eyal. It will help you to get your attention back and have this sort of a deeper work in your workday to get more done, be more productive and be just happier overall and not constantly checking technology and having your attention hijacked by something external.
Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?
The post Common Mental Blocks That Stop You From Getting To The Next Level appeared first on The Land Geek.