REI In Your Car 99: Dig the Well before You’re Thirsty

Real Estate Investing Mastery Podcast Volume 1

English - October 07, 2016 10:00 - 6 minutes - 5.24 MB - ★★★★★ - 2 ratings
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Previous Episode: REI In Your Car 98: Implementers Will Always Make More Money Than Educators

Next Episode: REI In Your Car 100: Late Night Thoughts on the Extreme Freedom Live Event

Dig the well before you’re thirsty. What’s that supposed to mean?

If you’re scratching your head at the title of this episode, it’s yet another concept that I took away from the recent Mastermind group I attended. (The group is called Collective Genius.)

The reason this admonition resonated with me is because I was guilty of this early on in my investing business. I was guilty of starting out right… but was not finishing well.

I did well in ramping up my marketing, then I got a few deals, got busy with those deals, felt comfortable with the incoming cash, got lazy – and slacked off on my marketing.

All of a sudden I woke up and my well was dry. And I needed money. Get the picture?

I was thirsty, but now I was forced to re-dig the wells. Not a good situation. Learn to dig the right way in today’s episode.