For many Real Estate Professionals (and other Independent contractors/Self-Employed Folks) Finding a Life Rhythm that insulates them from the financial roller coaster is the pot at the end of the rainbow . . . The Holy Grail of the career.
You know the “Real Estate Roller Coaster,” RIGHT?
It’s that thing most self-employed folks experience as they practice their art. BIG FAT INCOME MONTHS . . . and little skinny income months . . . creating a “Feast then Famine then Feast then Famine” scenario in which 50% or more of the time sheer panic RULES.
Are you nodding your head with recognition?
One thing I know for sure . . . We lose all semblance of control when we are in PANIC Mode . . . Some voodoo curse hits us and dollar generating opportunities RUN Away from us.
A better way is to find a life rhythm that evens the flow . . . and a budget that allows us to build reserves during the good times to ease the pain when things shift and income wanes.
So, Let’s consider:
- Goals and Aspirations
- Daily/Weekly/Monthly Lead Generation Habits
- Prioritization of current Prospects and clients
- Leverage – How do get MORE done with LESS effort?
- Financial concerns – Spending Habits – Budget (Chart of Accounts)
- Multiple Streams of Income
- Retirement Plan
No matter how good we are at all of the above, SH_T Happens and we sometimes fall wildly out of balance . . . The true maestros amongst us recognize these times and adapt quickly to the new environment.
Market shifts, Economic Shifts, Political shenanigans, Natural Disasters, Personal anomalies . . . These are ALL “Uncontrollables” which threaten our rhythm always.
How well insulated are YOU?
hmmmmm . . . Just wondering 🙂
This Wednesday August 22 @ 10 AM, we are gathering a group of real estate sales professionals (and anyone else who cares about this topic) to spin some ideas – discuss techniques – and offer support for each other as we ride this wave together. Email me at firstname.lastname@example.org if you would like to join us.
Lunch will be provide by Lou Britt and Dan Curtis with Met Life.