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Tuesday, November 30, 2010

Three Feet from Gold-Association

As promised another one of the five points to a successful life from “Three Feet from Gold” This topic is going to be on association. Some people believe that being in the right place at the right time is the way to success. In a way that is true, some people have had that happen to them, but if they would not been associating with the right person, success may not have came their way. So, it is really not being in the right place at the right time, it is who you are associating with that can have the biggest impact on your life.

Associating yourself with successful individuals and others that are smarter than you is how I have become a successful business man.  When I was just getting started out of college I did not know a thing about commercial real estate or self storage, so what did I do?  I went on ebay and bought a big lot of commercial real estate investing books and was instantly given 15 mentors.  That was how I started associating myself with successful people, I do realize that not everyone who writes a book should be your direct mentor, but it was a start.  Of those fifteen books I read I then went out and contacted a few of those authors directly.  Jim Randle the author of “Confessions of a Real Estate Entrepreneur” was one of those that I sought out.  I always judged myself as an entrepreneur and wanted to be involved with real estate so why not contact him, he was exactly what I wanted to be.  I went out and found his personal website, his personal email address, his phone number, and so on.  I am aggressive by nature and when I see something I want or someone that I want to be like I do my best and take all the possible routes to get there.  One of those best routes that I have found through experience is associating yourself with like minded individuals, who have been there and done that, and can hold your hand on the way.

Don’t be afraid to get your feet wet. Eventually you will find the right ones with your same goals. You may be the one someday that everyone looks to for advice and hope for their future!

Three Feet from Gold-Action

The most important principal is of the book “Three Feet from Gold” is action. This is one thing that the majority of us will never use in our lifetime. Every day we are all blessed with many different things and given different opportunities.  However, we never take action or do anything good with the opportunities presented to us.  Here is a good quote to live by “It is not what you are given in life, it’s what you do with it”. I have been given a lot in my life and have been surrounded and blessed by many people. I have taken those things that I was given and done something good with them and this expanded all the things in my life.

I have traveled, coached, and spoke on the real estate seminar circuit a lot in the past. My experience has been; you have a room of 500 people and I go up there and motivate them, speaking about my success. When I am done everyone stands up and is ready to go do it, then you check in later and no action was taken.  This is one thing that really bothers me, when people have been given the tools and the blueprint for success but do not take action.  Business is not easy, trust me, and this may be why people choose not to take action or when they do take action it is just too much for them and they give up.  It has been said that 90% of startups fail in the first year and there is a reason for that, it’s called “Business is not easy.” However, if you really look at those businesses that fail they were never really given a chance to succeed.  They did not have the education, resources, and the blueprint that many people have been given like myself.  I would suggest that each of you that are ready to take action go out and find a mentor, someone who has taken action in their lives and trail in their footsteps.  They are there so when you are knocked down on the mat, which you will be in business, you will know how to get right back up and keep fighting.

Three Feet from Gold-Talent

As promised in my last blog post, I’m going to give you the second point in the book titled “Three Feet from Gold”. The second principle that he mentions is talent. Everyone has it in one form or another and it’s up to you to find yours and to make the best of it. My three talents are dealing with people, negotiating, and systems. I am able to deal with people of all kinds of backgrounds and to put systems in place for them or as a partnership to make them successful. Negotiating is one of my strengths as well. I will say however, your talents are developed at different times and not always just given to you. I guarantee you that I was not a great negotiator at first; it took learning skills, and trial and error. I went out and learned from the best, thanks Dad, and read up on the subject. Even though some are more gifted on certain levels than you, there are ways to bridge the gap. It is called hard work. Again, everyone has talents you just have to find out what yours are and develop them even further. Then if you are able to find a way to use your talents whatever they may be, incorporate them with a passion that you have. You will then be able to enjoy your life to the fullest. So, go out and find your talent, develop it even further, and incorporate it with your passion.

Three Feet from Gold-Passion

On my many ventures in my business career, I can give some credit for my success to a book entitled, 3 Feet from Gold by Napoleon Hill. There are 5 principles that the author wrote about and I will talk about them in later blogs, but the one that made the most impression on me was passion.

Passion is one of the things that I have personally never lacked in my life.  Everyone has it, but at times it’s hard to find.  You just have to find out what your passion is and if there is a way to make money from it, that makes it all the better.

Growing up as a kid my passion was baseball.  It was what I enjoyed doing and I really got a thrill every time I played the game.  I still have that passion for it today as I still play and study the game regularly.  My next passion in college was Texas Hold’em, a simple two card poker game that grew tremendously from 2003-2006.  During those years poker was my passion.  I enjoyed playing, studying, and networking with other successful pros in the game.

Early on in life my passion was baseball, several years ago it was poker, and now its commercial real estate.  Since I became a full time real estate investor my passion has really grew for this business.  I have a passion for my employees, customers, and others that I work with on a regular basis.

Every day when I wake up I look forward to working and learning something new each day.  I have no doubts that is has helped me become successful.   I am sure one day my passion may change like it has in the past.  However, I do know that whatever passion I may have at that point in my life I will give it 100% and I will have a great desire to turn that passion into a successful business venture.  That is the mindset of a passion filled entrepreneur.   I have a good feeling my passion in a few years will resort back to baseball as it is my goal to purchase a minor league baseball team.

So, what is your passion? What is the first thing that you do when you wake up in the morning or look forward to doing?  My advice to you is to run with it and make it your own.
I’m looking very forward to telling you about the other principles in upcoming blog posts. Stay tuned!