- $5,000 Models^

s it bi a

- $175,000 Models ^

$250,000 Models &

Big Models Build Big Habits

Time b a H

Bad Models Build Bad Habits

Figure 3

In the context of this book I'm advocating that you adopt the Big Goals and Big Models of a Millionaire Real Estate Investor. There are some subtle but powerful lessons in the chart above. If you follow the arrows that go through the different levels of achievement, it appears that the various levels are just milestones on the way to the models and habits of millionaires. Sadly, life doesn't work like that. The truth is that each level is more like a box created by thinking and habits that form an end rather than a means. And rather than being a stepping-stone to the next level, the box you're in becomes a barrier to higher achievement. You will have hit a dead end before you realize it. And unwittingly so—that's the danger of limited thinking and the box your habits will create.

Specifically, if you follow the models and actions that lead you to $5,000 in net worth, they are not likely to allow you to go beyond that goal to, say, $175,000. The things you would do to get to that higher level would be very different. In a sense, by following the $5,000 model, you have created for yourself a low ceiling, or at least a box with a very tight lid. It's the difference between long-term and short-term thinking. While most people would say they want a great life, they rarely plan beyond the current year. As a result, they choose a financial model that fits only their short-term goals, and that financial shortsightedness can be devastating to their long-term dreams.

Interestingly, those numbers aren't random. The 2001 Survey of Consumer Finances by the Federal Reserve documented that people who rent have a net worth of less than $5,000, while the typical homeowner has a net worth of a little less than $175,000. That illustrates the stark difference between the financial models and habits of renters and those of people who own their own home. In contrast, following the truly big financial models that can take you to $1 million in net worth will pull you through the lower levels—it's the power of future pull. It's the power that comes from following Big Models and "I love real estate investing. I know developing the Big Habits how much money is coming in and out, and I try to pay things off faster than I need to. I have my 5-year and 10-year goals; the first one is that I want to make sure right now that our you to your Big Goal that investments will cover our monthly you are pulled right past nut after my husband retires in five the smaller ones. This is the years."

Mary McDonald real magic of Big Goals and Millionaire Real Estate Investor

Big Models. Coopersburg, PA

to implement them. You're so focused on doing things in a manner that will get

When you follow the Big Models of Millionaire Real Estate Investors, you will find your day-to-day activities begin to mirror those of high achievers. Over time those Big Models will cease being guidelines you follow and become the habits that power you through your day. Habits, as we all know, are hard to break, and so it's truly wise to build the best habits from the beginning. The Russian novelist Feodor Dostoevsky wrote, "The second half of a man's life is made up of nothing but the habits he has acquired during the first half." The models in this book are about acquiring big financial wealth-building habits for your life.

Big Goals, Big Models & Big Habits

1. Big Goals—The specific, measurable targets that fulfill your Big Why.

2. Big Models—The proven systems and strategies for reaching your Big Goals.

3. Big Habits—The consistent actions and right choices that come from following Big Models.

Figure 4

There is no such thing as a neutral habit. Habits are either good or bad. They either lift you up or drag you down. In the financial world the models you follow and the habits they form are either additive or sub-tractive, which is why the chart we have been discussing includes negative net worth models and habits that are opposite to the positive ones. Good habits put money in your pocket, and bad ones take money out. But even good habits can be a handicap if they are small and box you into a certain level of accomplishment. Those who take the incremental approach and start with small habits will find that the real challenge lies not in adopting new goals and models but rather in breaking their old habits and forming bigger and better new ones.

Think Big Goals and Big Models from the start. The Big Habits you will have to build will serve you at every level of financial achievement along your journey. Not only will they guide you toward the most appropriate actions to achieve your goals, they tend to protect you from the mistakes people with lesser goals, models, and habits make. Would you rather make a millionaire mistake or a rookie mistake? There's a big difference, and in real estate investing a costly mistake in the beginning can knock you completely out of the game. Big Goals, Big Models, and Big Habits do more than just direct you—they also protect you! In addition to guiding you to do the right things, they keep you from doing the wrong things.

Millionaire Real Estate Investors have Big Goals; they seek out Big Models to attain them; and over time they enjoy the gift of Big Habits to drive them toward their financial destiny. And when this is all powered by a Big Why, there's little that can hold them back.

Money Attraction Secrets

Money Attraction Secrets

Discovering The Laws Of The Right Financial Blueprint. I bet you're scared, angry and maybe even confused. These are perfectly rational and appropriate reactions to the worldwide credit crisis that erupted in 2008 and sends shudders through every home in the United States.

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