Real Estate Agents 5 Year Guide To Become A Millionaire (Part 4)

Today’s show is PART 4 of 4. We created this podcast series, Real Estate Agents 5 Year Guide To Become A Millionaire to give you a specific, practical, and tactical plan in order to meet or exceed your goals in your real estate career and ultimately in your life, in 5 years or less.  Adjust accordingly based on your own experience level and skill set.  

Remember, this is PART 4 of Real Estate Agents 5 Year Guide To Become A Millionaire. Be sure to listen to PART 1,2 and 3 from the 3 prior days. 

Welcome back to America’s #1 Daily Podcast, featuring America’s #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris? https://whylibertas.com/harris or text Tim directly 512-758-0206

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1.     You now have real skill.  What will you do with it?  Will you embrace the fact that you have a predictable, duplicatable income stream or will you fall backward looking for the ‘easy button’?  Resist!!

2.    Complete your new Real Estate Treasure Map and be sure to spend lots of time on your goal setting.  You can think really big now, but keep the goal ‘SMART’. Specific, measurable, attainable, realistic, and timely.  Start to think bigger than you did your previous years.  What do you want to see, do, have or try out?  Bigger, better travel for example.

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3.     You now have passive income.  Re-invest it strategically.  Study the best investments you can make and truly begin to build real net worth.  

4.     Consider adding additional ‘spokes’ or sources of new real estate leads.  If you’ve not yet embraced working with builders, for example, this is a great way to build even more momentum and insure your steady leadflow.

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5.     Don’t put your database on ice.  Year 5 is when agents start to either see a significant increase in repeat and referral business -or- they start spending too much money trying to make things easier, all the while ignoring their past clients and centers of influence.  Remember that repeat and referral business generally costs you $0, and they already know, love and trust you.  Nurture your database, systematize your communications and you’ll see a huge increase in ‘easy business’.  Ignore it and you could go broke speculating on other things.

6.     Invest in coaching.  Now is a great time to polish your practice, move to the next level and be increasingly accountable to your goals.  Coaching is about motivating you, educating you and getting you into action.

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