Real Estate Investing and The Compound Effect
Alrighty, have a question for ya…
If you were given the chance between taking $1 million in cash this very moment and a single penny that doubles in value every day for 31 days, which would you choose?
If you chose the penny, good decision… because on day 31, that compounded penny is worth $10,737,418.24.
That’s the compound effect!
How can you apply this to your real estate investing biz?
Do something EVERY day that moves you towards your goals.
That could mean… making a call to a seller, meeting with another like-minded investor, putting out bandit signs, studying the PMBP system, making an offer on a property, _________ (fill in the blank).
The coolest thing about the compound effect is that you only need to take a series of small steps, consistently over time, to build a thriving real estate business.
Post this question on your wall, your bathroom mirror, your car dashboard…
“What did I do today to move my REI biz forward?”
Keep this question top of mind… and put the compound effect to work in your favor.