Avoid Dead Weight!
It seems like a harsh thing to say, but many people who attempt to get their financial lives in order have the problem of carrying dead weight. I consider dead weight to be unproductive associations that hold back efforts in some way. It may be naysayers, time leeches, or drama lovers. (The list goes on.) At the end of the day, all are obstacles to progress. This is why you have to be careful who your friends are.
Protect Your Vision!
In today’s world time is so valuable and scarce already. For a lot of people, making the time to study and develop a financial education requires enough sacrifice as it is. Entertaining someone who doesn’t have your best financial interests at heart isn’t wise. It’s very sad to say, but many times people can’t accept your progress because it highlights their lack of advancement. The point is you have to protect your vision – sometimes even from friends.
Create Fruitful Relationships!
Business and investing are about fruitful relationships. As you develop in sophistication, you’ll need a professional network. Real estate investors may have to forge relationships with real estate agents, loan officers, home inspectors, insurance agents, and attorneys, for example. To make new professional acquaintances, you may have to seek out professional organizations, business socials, meet and greets, etc.
To get to where you want to go associations are critical. You can’t afford to be chained to the past (the good old days). The good old days may be good, but they are still old. Your promise lies in the future, and those days will be just as good, if not even better!