The American Education Institute

You too can be a success in real estate today, but you will need to plan your success. Your Plan should be custom-built to attain your goals step-by-step. The goals you set for yourself should cover both the short-and long-term achievements that you mean to attain. You will need to prioritize everything you do in light of attaining those most important goals.

Time and time again, it seems the one simple difference between those people who are attaining tremendous financial success and those who are merely getting along day to day and struggling to stay within their means is this: a Plan. Yes, a written Plan of Action. A carefully constructed and very well-thought-out plan of action as to precisely how the up-and-coming financial “genius” intends to proceed.

The folks with a job have “a job.” The part they play is already written down in somebody else’s plan. They don’t feel the need to write down anything. All they have to do is show up on time, put in a fair day’s work, and at the end of a week or a month bring home a fair (or sometimes unfair) amont of compensation for their efforts on behalf of that somebody else.

Are you “the man, or woman, with a Plan”? Or are you “the man, or woman, with a Job”? If you’re going to be successful in the business of real estate investing, it is fairly obvious you’re going to have to have a Plan. This is quite possibly most obvious because there are very precious few, if any, jobs in real estate investing. That is, there are very few employers today that will hire you and pay you a regular salary to do thieir real estate investing for them. Certainly this is true of most bosses’ personal investments in real estate. And brokering real estae is not the same thing. Just as working as a Hollywood actor’s agent is not the same thing as being a movie star.

On a corporate level perhaps you could, if you wanted to, find a job with a company that required you to purchase properties for rent and resale and finance them entirely at 100% percent. But why would you want to do that? You would soon realize that you have as much ability as a big company does to obtain 100% financing (probably moe ability than a company does). And you certainly wouldn’t want to sit by and watch the company make millions of dollars while it paid you two thousand dollars a month to produce those million of dollars for that company. Well, isn’t that just about what you do anyway on youre present job?

Once again, who would you rather work for? And how do you plan to do that? With a Plan!
January 4, 2009
Dr. Eric T. Martin