How to Stay Motivated in Real Estate Wholesaling | Summary and Q&A

TL;DR

Developing a strong motivation and mindset is crucial for success in real estate wholesaling, and it goes beyond watching motivational videos. Understanding your why and having a chip on your shoulder can provide long-lasting motivation.

Key Insights

• 🏃 Motivation from external sources, such as motivational videos, can be short-lived and may not sustain you in the long run.
• 🐿️ Understanding your why and having a chip on your shoulder can provide a deeper and more enduring motivation.
• 🥶 Developing a resilient mindset, such as viewing tasks like cold calling as opportunities, can help you stay motivated and overcome challenges.
• 🧑 Motivation can differ from person to person, so it's essential to do a personal audit and find what truly inspires and drives you.
• 👪 Your why can be something as simple as wanting to retire your parents or provide a better future for your children.
• 👍 Having a chip on your shoulder can serve as a constant reminder of what you want to achieve and the determination to prove yourself.
• 🤔 Real estate wholesaling offers financial freedom, and thinking about the possibilities and the impact it can have on your family can be a powerful motivator.

Transcript

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Questions & Answers

Q: How can I maintain motivation beyond watching motivational videos?

While motivational videos can provide a temporary boost, finding a deeper source of inspiration, such as your why or a chip on your shoulder, can provide long-lasting motivation. Focus on what truly motivates you and use it as fuel to keep going.

Q: How can I develop a resilient mindset for cold calling?

Shift your mindset when it comes to cold calling. Instead of viewing it as a tedious task, see it as an opportunity to make money. Calculate how much you earn per call, and think about the potential earnings you can achieve with consistent effort.

Q: What role does having a chip on your shoulder play in motivation?

Having a chip on your shoulder means having something to prove or overcoming past challenges. This can be a powerful motivator, as it pushes you to work harder and achieve success to prove others wrong or even yourself.

Q: How can I find my why in real estate wholesaling?

Reflect on why you are in this business. Is it to provide for your family, prove someone wrong, or achieve financial freedom? Understanding your why will give you a sense of purpose and motivation that goes beyond surface-level motivational factors.

Summary & Key Takeaways

• Motivation can only take you so far; it is important to find a deeper source of inspiration that will keep you going in real estate wholesaling.

• Understanding your why, whether it's proving someone wrong or providing for your family, can be a powerful motivator.

• Developing a strong mindset, such as viewing cold calling as an opportunity to earn money, can help sustain motivation during challenging times.