The Twenty Percenter
Weekly advice for top business professionals.
As Wendy and I prepare to host another Goal Setting Retreat, I’ve spent a lot of time reviewing our goals and measuring our progress. Many of our goals are complete. Some are on track. Others need work. Here’s the rub: we have just ten weeks left to cross the finish line for this year. Now is the time to double-down on achievable goals and set the rest aside. The countdown is on.
About ten years ago, I met Madan Birla, author of Fedex Delivers. We were talking about craft. “A writer’s job is to connect the dots,” he shared. “So if you want to be better, you need to collect more dots than the average writer. You need to read more.” Since then, I’ve set a goal to read 50 books a year and managed to average 45 annually.
For The Millionaire Real Estate Investor, we interviewed more than 120 millionaires. These were investors who had amassed real estate portfolios with over $1 million in equity. After analyzing those interviews, we discovered the key to their outsized success came from a mastery of three things — criteria, terms and network. That’s the 20 percent for investing. Today, we focus on terms.
The 30x Rule – Moving from Job Income to Business Income | Vol. 14 “Deciding what not ot do is as important as deciding what to do.” – Jessica Jackley One of the hardest things you will ever do in life is teach your kid to tie their shoe laces. Lots and lots of knots. …
Knowing When to Quit and When to Stick | Vol. 13 “Should I stay or should I go now? If I go there will be trouble. If I stay, it will be double.” – The Clash I suck at quitting. Seriously, it’s a flaw. Since 2013, I’ve read 759 books while only abandoning three. Why …
House Hacking 101 | Vol. 12 “If you have decent credit, a stable job, and a small amount of savings, you can enter the world of homeownership. And if you’re smart about it, you can enter the world of real estate investing at the same time and start hacking your living expenses.” – Brandon Turner …
Rent vs Own – The Ultimate Showdown | Vol. 11 Don’t wait to buy real estate. Buy real estate and wait. -Unknown Every few years, a debate erupts over the merits of homeownership. Financial gurus and economists publish articles declaring homeownership is for suckers. [Picture me fuming.] I’m sure these articles perform as clickbait, but …
Last week, we hosted over 10,000 KW associates and guests at our mid-year conference, Mega Agent Camp. We packed it in. We hosted panels of top producers on everything from lead generation to wealth building. We did a deep dive on the market and economy. And we revisited SHIFT, highlighting the tactics most relevant for today.
If you want to truly understand something, teach it. Ironically, learning almost always happens in reverse. First, we teach because of how much we know. Then, when we enter the classroom we find out how much there is to still know. All it takes is a question from a curious student to expose what we don’t know at all, or what we know but don’t really understand.
Last fall, I read an obituary for Don Justo Gallego Martínez. His remarkable story reminded me of a significant business idea – The Principle of Attraction. Fundamentally, it’s about flipping the script. Instead of hunting for what you want, leverage a strategy to attract it into your life.
