Goal Setting: The Millionaire's #1 Tool
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GOAL SETTING: THE MILLIONAIRE ’ S #1 TOOL By: Marshall Reddick Real Estate
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Transcript of Goal Setting: The Millionaire's #1 Tool
GOAL SETTING: THE MILLIONAIRE’S #1 TOOL
By: Marshall Reddick Real Estate
1. We SIMPLIFY the process and make it Easy 2. Step-‐by-‐step Mentoring by qualified Real Estate
Advisors 3. Hand-‐picked investment properties all over the
country 4. Access to our Resource Team of Property
Managers, accountants, CPA’s, Insurance agents, Mortgage Lenders, Attorney’s & more!
How do we offer all these services for FREE?
Meet Chris?n Tabar Real Estate Advisor/Realtor
ü Licensed Real Estate Agent
ü BA Degree from Cal State Long Beach
ü Owns 5 rental properties in AZ, IN, TN and FL
ü Began investing with MRRE before becoming an employee
ü Personally mentors new and seasoned investors
GOAL SETTIN
G “ Those who do not set goals are des?ned to work for those who do.”
1. Help 100 new members acquire their first investment property
2. Help 20 long-‐term members re?re with financial independence
Goal-‐Setting Is the Tool of Millionaires Ask any wealthy person what his or her most valuable tool was for attaining success, and the answer is “goal-‐setting.”
Goals Make Your Dreams Come True There is no more powerful force on earth than a human being with goals—and planned strategies to accomplish them.
Our Goal This Year
GOAL SETTIN
G The Func?on of Goals: Why Goal SeSng Works
1) Goals are a guidance system.
2) Goals Harness your energies into construc;ve ac;vi;es. 3) Goals unleash your crea;ve energy. They are the first, necessary step
toward insighCul planning and problem-‐solving.
4) Goals help you deal with setbacks.
5) Goals enable you to overcome procras;na;on and eliminate low-‐payoff
ac;vi;es.
6) Goals are a source of happiness.
7) Goals give you a standard against which you can measure your success.
“A person without goals takes a long 3me to get nowhere.”
Goals are a guidance system.
A well-‐conceived goal brings to your conscious mind all sorts of ideas and resources that can help bring it to frui;on.
GOAL SETTIN
G The Func?on of Goals: Why Goal SeSng Works
1) Goals are a guidance system.
2) Goals Harness your energies into construc;ve ac;vi;es. 3) Goals unleash your crea;ve energy. They are the first, necessary step
toward insighCul planning and problem-‐solving.
4) Goals help you deal with setbacks.
5) Goals enable you to overcome procras;na;on and eliminate low-‐payoff
ac;vi;es.
6) Goals are a source of happiness.
7) Goals give you a standard against which you can measure your success.
Goals Harness your energies into construc;ve ac;vi;es.
The Time Displacement Law states that “Every moment of ;me alloKed to you will be displaced by someone or some ac;vity.” Goal seMng enables you to focus your energies on the things that are most important, not friKer them away on temporary distrac;ons.
GOAL SETTIN
G The Func?on of Goals: Why Goal SeSng Works
1) Goals are a guidance system.
2) Goals Harness your energies into construc;ve ac;vi;es. 3) Goals unleash your crea;ve energy. They are the first, necessary step
toward insighCul planning and problem-‐solving.
4) Goals help you deal with setbacks.
5) Goals enable you to overcome procras;na;on and eliminate low-‐payoff
ac;vi;es.
6) Goals are a source of happiness.
7) Goals give you a standard against which you can measure your success.
Obstacles are those frigh;ul things you see when you take your eyes off your goal. ~Henry Ford
Goals unleash your crea;ve energy.
When you have a goal, you need less sleep, you move forward and work with more enthusiasm, and your overall health improves.
GOAL SETTIN
G The Func?on of Goals: Why Goal SeSng Works
1) Goals are a guidance system.
2) Goals Harness your energies into construc;ve ac;vi;es. 3) Goals unleash your crea;ve energy. They are the first, necessary step
toward insighCul planning and problem-‐solving.
4) Goals help you deal with setbacks.
5) Goals enable you to overcome procras;na;on and eliminate low-‐payoff
ac;vi;es.
6) Goals are a source of happiness.
7) Goals give you a standard against which you can measure your success.
Arriving at one goal is the star3ng point to another. ~John Dewey
Goals help you deal with setbacks.
When you have a goal, you focus on the big picture and can keep going, despite the small roadblocks along the way.
GOAL SETTIN
G The Func?on of Goals: Why Goal SeSng Works
1) Goals are a guidance system.
2) Goals Harness your energies into construc;ve ac;vi;es. 3) Goals unleash your crea;ve energy. They are the first, necessary step
toward insighCul planning and problem-‐solving.
4) Goals help you deal with setbacks.
5) Goals enable you to overcome procras;na;on and eliminate low-‐payoff
ac;vi;es.
6) Goals are a source of happiness.
7) Goals give you a standard against which you can measure your success.
Nothing can stop the man with the right mental aFtude from achieving his goal; nothing on earth can help the man with the wrong mental aFtude. ~Thomas Jefferson
Goals enable you to overcome procras;na;on.
You will become more organized and use your ;me more produc;vely, cuMng out low-‐priority, low-‐payoff ac;vi;es in favor of high-‐payoff ac;vi;es that ac;vely support your goals.
GOAL SETTIN
G The Func?on of Goals: Why Goal SeSng Works
1) Goals are a guidance system.
2) Goals Harness your energies into construc;ve ac;vi;es. 3) Goals unleash your crea;ve energy. They are the first, necessary step
toward insighCul planning and problem-‐solving.
4) Goals help you deal with setbacks.
5) Goals enable you to overcome procras;na;on and eliminate low-‐payoff
ac;vi;es.
6) Goals are a source of happiness.
7) Goals give you a standard against which you can measure your success.
Happiness is not a goal; it is a by-‐product. ~Eleanor Roosevelt
Goals are a source of happiness.
Most goal-‐seKers feel a great sense of accomplishment and pride.
GOAL SETTIN
G The Func?on of Goals: Why Goal SeSng Works
1) Goals are a guidance system.
2) Goals Harness your energies into construc;ve ac;vi;es. 3) Goals unleash your crea;ve energy. They are the first, necessary step
toward insighCul planning and problem-‐solving.
4) Goals help you deal with setbacks.
5) Goals enable you to overcome procras;na;on and eliminate low-‐payoff
ac;vi;es.
6) Goals are a source of happiness.
7) Goals give you a standard against which you can measure your success.
Goals give you a standard against which you can measure your success.
Without goals, how do you measure the effec;veness of the ways in which you spend your ;me? It’s impossible.
All who have accomplished great things have had a great aim, have fixed their gaze on a goal which was high, one which some3mes seemed impossible. ~Orison SweQ Marden
GOAL SETTIN
G Set SMART Goals!
POLL #1
GOAL SETTIN
G Characteris?cs of Effec?ve Goals
1) Goals are a guidance system.
2) Goals Harness your energies into construc;ve ac;vi;es. 3) Goals unleash your crea;ve energy. They are the first, necessary step toward
insighCul planning and problem-‐solving.
4) Goals help you deal with setbacks.
5) Goals enable you to overcome procras;na;on and eliminate low-‐payoff
ac;vi;es.
6) Goals are a source of happiness.
7) Goals give you a standard against which you can measure your success.
Goals must be specific and wriKen down.
A dream doesn't become a goal un3l it is wriQen. ~Edwin Louis Cole
GOAL SETTIN
G Characteris?cs of Effec?ve Goals
1) Goals are a guidance system.
2) Goals Harness your energies into construc;ve ac;vi;es. 3) Goals unleash your crea;ve energy. They are the first, necessary step toward
insighCul planning and problem-‐solving.
4) Goals help you deal with setbacks.
5) Goals enable you to overcome procras;na;on and eliminate low-‐payoff
ac;vi;es.
6) Goals are a source of happiness.
7) Goals give you a standard against which you can measure your success.
“SeFng a goal is not the main thing. It is deciding how you will go about achieving it and staying with that plan.~Tom Landry
Goals must be measurable and reachable.
When you write down your goals, you can monitor and measure your progress over ;me. The most long-‐range or ambi;ous goal can be quan;fied if it is broken down into appropriate sub-‐goals.
GOAL SETTIN
G Characteris?cs of Effec?ve Goals
1) Goals are a guidance system.
2) Goals Harness your energies into construc;ve ac;vi;es. 3) Goals unleash your crea;ve energy. They are the first, necessary step toward
insighCul planning and problem-‐solving.
4) Goals help you deal with setbacks.
5) Goals enable you to overcome procras;na;on and eliminate low-‐payoff
ac;vi;es.
6) Goals are a source of happiness.
7) Goals give you a standard against which you can measure your success.
My ability to concentrate and work toward that goal has been my greatest asset. ~Jack Nicklaus
Goals should serve the greater good and result in a sense of mutual well-‐being.
The mo;va;on behind your goal-‐seMng is very important. If it is for money or ego alone, you will probably fail, un;l you realize that success is interrelated with mee;ng other people’s needs.
GOAL SETTIN
G Characteris?cs of Effec?ve Goals
1) Goals are a guidance system.
2) Goals Harness your energies into construc;ve ac;vi;es. 3) Goals unleash your crea;ve energy. They are the first, necessary step toward
insighCul planning and problem-‐solving.
4) Goals help you deal with setbacks.
5) Goals enable you to overcome procras;na;on and eliminate low-‐payoff
ac;vi;es.
6) Goals are a source of happiness.
7) Goals give you a standard against which you can measure your success.
A goal is a dream with a deadline. ~Napoleon Hill
• Purchase two rental proper;es by December 31, 2016. • Pay off your primary residence loan balance by January 2020. • Re;re ten years from now.
Goals MUST have a ;me frame.
Examples
SeMng ;me frames and s;cking to them makes things happen sooner, if not later. Without a deadline, nothing will get accomplished.
GOAL SETTIN
G Characteris?cs of Effec?ve Goals
1) Goals are a guidance system.
2) Goals Harness your energies into construc;ve ac;vi;es. 3) Goals unleash your crea;ve energy. They are the first, necessary step toward
insighCul planning and problem-‐solving.
4) Goals help you deal with setbacks.
5) Goals enable you to overcome procras;na;on and eliminate low-‐payoff
ac;vi;es.
6) Goals are a source of happiness.
7) Goals give you a standard against which you can measure your success.
Your problem is to bridge the gap which exists between where you are now and the goal you intend to reach.~Earl Nigh3ngale
Goals must have a strategy for implementa;on.
To make sure your goal is within your reach, determine what it will take realis;cally to achieve that goal. If you can’t come up with a plan, you need to lower your ini;al expecta;ons.
GOAL SETTIN
G Make a Dream Sheet!
What are your dreams? If you could do or buy anything, what would you do or buy? Write down everything that comes to you. Draw a picture, if you like.
“What you conceive and believe, you can achieve.”—Napoleon Hill
1. Income or long-term wealth? 2. When are you looking to retire? 3. How much experience do you have? 4. What is your risk tolerance? 5. Can you qualify for financing? 6. What can you afford?
Phone: (949)885-8180 Website: www.marshallreddick.com
Cash Flow vs. Appreciation:
Where to Invest
POLL #2
Who has read the eBook?
26
Determining Property Class
Maintenance and Vacancy
Our Website Financial Calculator h^ps://www.marshallreddick.com/propertyfinancialcalculator
What Property Class is for you?
Chris?n Tabar: Realtor and Advisor ü No charge
ü Over the phone or in person
ü Whether you are experienced or just getting started
ü Customized plans that fit YOU best
ü We walk you through the entire process start to finish
Christin Tabar (949) 885-‐5162
marshallreddick.com
4299 MacArthur Blvd. Suite 102, Newport Beach, CA 92660
