Why Do 96% Drop Out/Quit?

Why Do 96% Drop Out/Quit?

I hope FAILURE is NOT an option for you.

15 yrs ago when I first got 'serious' about REI (I started in 1985), I was made aware of the FACT that 96% of people that buy/invest in their future in Real Estate Investing QUIT. Thats crazy.

They fail-WHY? They FAILED to plan. Set your goals. Make a plan to achieve them. Step by step. They didn't have the committment or the motivation or drive to take CHARGE of their own life.

Their NEGATIVE friends/family tell them 'you cant do that' or 'that stuff dont work'. They end up wasting their money and allowing others, who dont want them to do better or succeed, to steal their dreams and their financial future. They stop trying and put the REI Course in the closet.....I'll get to it next week....next month ....next LIFE.

PLEASE DON'T BE ONE OF THESE PEOPLE. If you can't seem to get it going, ask someone for help. Join the Success Academy,get a coach or mentor.

Get into the forums/journals of the members/investors here. Join REI Clubs. Hold yourself accountable.

I want you all to put a note on your mirror(yeah, I know you look in the mirror) that reads:

'THE ONLY PERSON THAT CAN CHANGE MY SITUATION IN LIFE IS ME'.

Make a schedule-it only takes 7-10 hrs a week to LEARN the techniques/strategies of what 'avenue' you're trying to pursue in REI, whether its assigments, foreclosure, wholesale, mobilehomes,etc. (don't try to learn everything about REI)

Study it until you can say it by heart.(how many songs do you know by heart??) You will be suprised that after you do something 12-18 times, it becomes a reflex/habit.

Schedule it & do it or it won't get done!

GOOD LUCK TO ALL,

Mike

__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


thanks for the post Mike

Great post Mike all i know is that i want to be in the 2-4% lol group! just like you guys! and im working hard to make it in that elite group!

__________________

yesterday is history, tomorrow is a mystery, but today is a gift. That is why it is called the "present."

"Be not afraid of growing slowly; be afraid only of standing still"


Well, I feel it necessary to chime in here!

I don't see any way around it. I am sure to have many failures on my success journey and I consider myself to be in the top 4% as I am willing to do things that other people (employees) are not willing to do. For me this is a period of due diligence and I will have many such periods as I go along and create my wealth. It does take me a little longer than it does for others because I sort grew up in a box where I was not allowed to do anything other that what I was told. Just asking a question was often seen as talking back and that was something not to do unless you wanted your life to end. Not a pretty picture but that is how it was. I thank GOD that I had my religion education by age 6 or I doubt seriously that I would even be here today. I lived in a war zone for the first 12 years of my life and as a result I learned a lot.

We must dream and we must make mistakes. The dreams create vision and the mistakes and failures show us what does not work. Its OK. Heck, Thomas Edison found 1001 ways that light did not work. 99 no to get 1 yes or 25 to 1 to get one deal. Its just the road to success with all its twists and turns and ups and downs. Nothing is all that it can be at the beginning and just develops over time. - This is just my 2 cents worth. -


"Its more like 98%"

michaelmangham wrote:
You must have huge determination, persistence, education and common sense. You have to know what to say and how to present yourself to buyers, sellers, agents, etc. until you establish yourself. Also you must be an entrepreneur at heart and know what that takes.
This is just a fact of life. If it was easy everyone would be doing it.
I don't think there are many successful business owners that let any negative people effect them anyway! They don't need to have someone else motivate them either.
This is a cold, cruel world and either you attack, overcome fear and adapt or you had better stick with the 9 to 5. There is nothing wrong with the 9 to 5. The world would not go around with out 9 to 5ers. The fact is, most people are employees not business owners.
YOU have to decide if you are going to take action full steam ahead. NO ONE can or will do this FOR you. Remember. what you put in is what you will get out. This is not a get rich quick scheme.

Good luck and go make an offer today! No offer = no money!

Michael Mangham
Mentoring/Team Building Nationwide
MD Home Acquisitions LLC

Right Michael,

Out of the 4% that dont quit in the 1st 60-90 days, ONLY 1/2 of them really make it, so theres the other 2%

__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


self-confidence and fear is

jbrog786 wrote:
That is my problem self-confidence. But I keep coming back here or should I say I am drawn back. I have always had trouble following through. I think about it even dream about being successful but when it comes to action well I am not sure what happens. Thanks for the motivation though.

overcome by KNOWLEDGE.

Once you KNOW what you're doing, you'll have the confidence and the fear will fade

ONLY focus on ONE strategy of REI, whether its wholesaling, assignments, fix/flips, buy/hold or storage buildings, laundry mats etc., and learn ALL about just that ONE to make some deals.
This will help you AVOID the "info overload' and keep you from quitting

see links below

__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


Keep it Simple!!!

The biggest reason that people or businesses fail?????
Because they QUIT!

Thomas Edison said: "I failed my way to success"
Imagine if he wasn't willing to fail literally thousands of times trying to invent the electric light bulb. Where would we be?

Winston Churchill said: "Success is the ability to go from one failure to another with no loss of enthusiasm.

James Michener said: Character consists of what you do on the third and foruth tries.
Everyone can try something once or twice, But it takes character to keep persisting until you finally succeed.

Deans Program has been proven to work by literally hundreds, and thousands of successful students. The common denominator between all of these investors who have changed their lifes??? Persistance. They didn't quit. Real Estate has been around since it was only caves in mountains, and will be around as long as man is on this earth.

Get out there and do the things that you know work, do it over and over and over again until you succeed. Then go out and keep on keeping on.

Happy Investing.

Matt W.


Please don't procrastinate!!!

Procrastination is one of those things that can keep you from succeeding more than any other single thing.

I always loved the quote and don't know who said it:
TODAY is the TOMORROW that you were worrying about YESTERDAY.

I feel that says it all. Today is the most important day in your investing career. What are you going to do today.

We as human beings naturally procrastinate. I've done it many times, we all have. Don't fall trap to it.

William James Said: Procrastination is attitude's natural assassin. There is nothing so fatiguing as an uncompleted task.

I love that quote because it is so true. Your mind and attitude can't help but to take a hit when it doesn't accomplish a goal, when it doesn't do something that it was planning on doing. Set goals, set realistic goals, and complete them. Set goals that allow you to succeed often as well. This will have a totally opposite reaction when you complete a goal. Give yourself the chance to feel the sweet taste of success often.

Happy Investing.

Matt W.


I'm still on the island

Today I formed my LLC and made new business cards. I am lining up my credit as well. I am still here, and determined to get a deal under my belt soon!

__________________

www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.


If you want Your life to Change...

YOU must Change and make changes and get out of your comfort zone

Learn HOW to do it and DO IT...as Dean says "Take Action"

So easy a caveman can do it

__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


If....

you have to constantly come on here and request inspiration

you have said on more than two occasions that you stopped and came back because you weren't motivated enough

you're scared to speak to people for fear of rejection or not getting what you think you deserve

you constantly blame others(realtors, etc) for your lack of success because you did and said everything all of Dean's books said to do and say and still nothing

this business is not for you.

Don't compare your success or failure to anyone on here; be concerned on what you do, because there are many factors leading to whatever your conclusions are.


Good Advice!

Thank You Mike for the good advice. I appreciate it when experienced investors share out their hard fought trials and tribulations in the REI field. I always learn so much!

I am never going to give up and I am never going to quit either.

In fact, I have determined to join the Success Academy so I can be mentored by a successful, seasoned REI. Mentorship in whatever form is the best way to learn, I agree with you.

Thank you Mike. I always learn something helpful when I read your posts.

Helping to frame a proper perspective toward this real estate business sure does gives me an edge towards success.

Appreciate your efforts.

__________________

The Eye has not seen, nor the ear heard, nor have entered into the heart of man the things which God has prepared for those who love Him. - Bible


To succeed, you have to be willing to change YOU!

I put a response to this at http://www.deangraziosi.com/real-estate-forums/everything-else/114468/su... . I thought it was good to start another thread on this because it is sort of along the same topic, but sort of not.Laughing out loud

reinvestor42 wrote:
REI is not some get rich quick

It IS building wealth over time

You can collect some good sized assignment fees and if you have ice running through your veins you can fix/flip to make substantial profits

It all takes TIME

__________________

Come and see my video! SEND ME AWAY 2011 WINNER!!!! http://www.deansmedia.com/play.php?vid=243
Follow my JOURNAL (journey) here: http://www.deangraziosi.com/real-estate-forums/investing-journals/99510/...
Checkout my websites: www.zionpropertiesandinvestments.com
Please come to my fb page and LIKE me: www.facebook.com/WeBuyHousesHonestly
“The way to get started is to STOP talking and to begin DOING!!!" ~Walt Disney
By humility and the fear of the LORD are riches and honor and life ... Proverbs 22:4.
SUCCESSFUL PEOPLE DO IT WITH A HEADACHE! (~Dean Graziosi)


bump

LaCorte Assets wrote:
This is just what I needed today!

My husband's patience is wearing thinner & thinner that I'm not yet successful. I feel a lot of pressure from him. I already pressure myself to make something happen. Which makes me incompetent. I'm having a hard time getting him to understand it's not an overnight thing. Then he says, 'well Dean said you can do it in 30 days!' I'm going out today to drive for $$ again. I did it last week with no positive results...meaning I was not able to get any responses from phone calls or letters to the owners of vacants. Except one, which turns out it wasn't vacant.

I don't have a real plan in place, that's it! I'm just throwing darts at a target I can't really see.

I won't be one who quits. I refuse to let that happen. Today, I'm going to have at least one positive thing happen!

Thanks

Linda

__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


Interesting...

The quote you cite was placed by LeCorte Assets over a year ago. Besides the bump, what indication is there that she is still active in REI?

__________________

P.S. - Everything else is immaterial, irrelevant, and unnecessary.


good reminder!

thank you Mike, for bringing your post back; not only is it a good reminder of what it takes to succeed in re, but it also helps us stay motivated.

__________________

Valerie

“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss

"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown

My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...


18NOV2010

YOU CAN -

WHAT is Stopping You??

CONTROL Your LIFE and Don't allow your Life to Control YOU!!

__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


DON'T QUIT

Be ONE of the WINNERS

__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools



Thanks Mike

Hello Mike,

Currently I am in that 96% population, who so far has not made any deals, and for last few months completely lost steam. And the prime reason Is not setting goals, even with working on my WHY, did not layout any concrete plan and make those plans bring fruition..

It is very timely that I stumble upon you post and in part I am thankful to James Kendrick forsaking about your well being and bringing your journal up in the list of active topics.

Your quote:

'THE ONLY PERSON THAT CAN CHANGE MY SITUATION IN LIFE IS ME'. Is very powerful and I will make a point to put it on mirror a any place I can where it is with in reach.

Thanks Again.
Bimal

__________________

Wish Everybody a great success in their Real Estate Business


You Don'T HAVE to be...

Bimal wrote:
Hello Mike,

Currently I am in that 96% population, who so far has not made any deals, and for last few months completely lost steam. And the prime reason Is not setting goals, even with working on my WHY, did not layout any concrete plan and make those plans bring fruition..

It is very timely that I stumble upon you post and in part I am thankful to James Kendrick forsaking about your well being and bringing your journal up in the list of active topics.

Your quote:

'THE ONLY PERSON THAT CAN CHANGE MY SITUATION IN LIFE IS ME'. Is very powerful and I will make a point to put it on mirror a any place I can where it is with in reach.

Thanks Again.
Bimal


The ONLY person that can't STOP you is YOU!!!

DON'T Stop yourself or let anyone else either!

SET your GOALS and have a PLAN, then FOLLOW the PLAN!!!!!!!

Make 2015 YOURS and NEVER STOP

__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


BUMP for the goal setters

Happy New Year! Setting your goals and creating your own destiny requires thought and planning. Want to keep this thread up top for inspiration during this time of resolution. So many goals go to the sideline due to improper planning, and not knowing your why FOR EACH GOAL. Do you want to be one of the top 2%? Think of something EMOTIONAL of what WILL happen when you are successful. Now think of the consequences of NOT achieving the success you so badly want. Back your goals with these emotions, and review the emotions often so you can FEEL what it will be like to either achieve, or not achieve... your goals! Best to you in 2015!

__________________

Come and see my video! SEND ME AWAY 2011 WINNER!!!! http://www.deansmedia.com/play.php?vid=243
Follow my JOURNAL (journey) here: http://www.deangraziosi.com/real-estate-forums/investing-journals/99510/...
Checkout my websites: www.zionpropertiesandinvestments.com
Please come to my fb page and LIKE me: www.facebook.com/WeBuyHousesHonestly
“The way to get started is to STOP talking and to begin DOING!!!" ~Walt Disney
By humility and the fear of the LORD are riches and honor and life ... Proverbs 22:4.
SUCCESSFUL PEOPLE DO IT WITH A HEADACHE! (~Dean Graziosi)


nice thread

thanks guys & gals good info.

__________________

Tony

Go faster do more! GFDM!


old post

Love this Mike even if its been a while since you did it and it makes complete sense.much appreciated and will continue on to success, Jim

__________________

jbischoff


Goals and direction in life

Keep setting those goals everyone!

__________________

Come and see my video! SEND ME AWAY 2011 WINNER!!!! http://www.deansmedia.com/play.php?vid=243
Follow my JOURNAL (journey) here: http://www.deangraziosi.com/real-estate-forums/investing-journals/99510/...
Checkout my websites: www.zionpropertiesandinvestments.com
Please come to my fb page and LIKE me: www.facebook.com/WeBuyHousesHonestly
“The way to get started is to STOP talking and to begin DOING!!!" ~Walt Disney
By humility and the fear of the LORD are riches and honor and life ... Proverbs 22:4.
SUCCESSFUL PEOPLE DO IT WITH A HEADACHE! (~Dean Graziosi)


How bad do you want it

I feel blessed to be one of the few lucky to have made it out. I remember in 2009 when I started and read Dean's first book I was fearful never doing anything as big as real estate. It all comes down to determination and how much you want it. I stuck with it long enough and now I am the premier wholesaler in my area. You gotta really want it and have confidence in yourself. I am writing this as I haven't been here in a while just to give someone encouragement because I was there a few years back. Don't give up go for your dreams. I am a guy with no college education so there's hope. Keep at it.

__________________

MARTIN

FAILURE IS NOT AN OPTION!
I WILL NOT BE POOR ANYMORE!


Way to go Martin!

That is so wonderful to hear! Congratulations on your success!

Tammy

I am the BEST me I can BE! I continue on this path and journey the rest of my life!! Laughing out loud

__________________

Come and see my video! SEND ME AWAY 2011 WINNER!!!! http://www.deansmedia.com/play.php?vid=243
Follow my JOURNAL (journey) here: http://www.deangraziosi.com/real-estate-forums/investing-journals/99510/...
Checkout my websites: www.zionpropertiesandinvestments.com
Please come to my fb page and LIKE me: www.facebook.com/WeBuyHousesHonestly
“The way to get started is to STOP talking and to begin DOING!!!" ~Walt Disney
By humility and the fear of the LORD are riches and honor and life ... Proverbs 22:4.
SUCCESSFUL PEOPLE DO IT WITH A HEADACHE! (~Dean Graziosi)


BUMP

The_ Great _Martini wrote:
I burned all bridges when I picked up Dean's book back in 09. I didn't have the greatest life up to that point which fueled my passion to stick with this business for as long as I had to. 2 years later I am successful and I consider myself lucky and resiliant. I don't say this to brag but to motivate some of you. The key is to have a burning desire and goals while taking action. The rest will just fall into place. Happy house hunting.

__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


Mike

This is the first time I've read this and I agree with every word!

Get the knowledge first then take action, YES you will take action with fear but after awhile it will go away..I think fear is a big one that makes people not go outside there comfort zone and that makes them not take action.

Great thread!

Aaron


Just guessing?

Perhaps it's because every Tom, D ick and Harry plus their uncles are in on the action?

__________________

P.S. - Everything else is immaterial, irrelevant, and unnecessary.


Wait A Minute

Author says he got involved 15 years ago in 1985, yet this article was posted in 2010. In my primitive calculation that would be 1995. Am I missing anything here?

__________________

P.S. - Everything else is immaterial, irrelevant, and unnecessary.


YES SIR YOU ARE LOL !!!!!

15 yrs ago when I first got ('serious') about REI (I started in 1985)

mike started in 1985... he got >>>>> "SERIOUS" <<<<<< fifteen years ago

there you go paul...


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