163 What Is The Other Guy Doing?

Before I begin I want to give a shout out to some of the people I met at Rod Khleif’s recent event in Tampa:

Alex Perny; Jonatas Silver; Kimberly David; Leslie Walker; Gunter Freystaetter; Adam AAA Adams and Antonio “TJ” Hines. Although I met a ton of people these are to folks that provided me a “memory jogger” which means a business card so I would not forget them. It still amazes me how many people still don’t use business cards or if they do use them they have some silly homemade mess of a card which does nothing to represent them as they had hoped to begin with.

First off, I am excited to announce that we have a sponsor to the show who is helping us bring you more content and value in coming months. Although I am super excited to be working with this company I can’t yet tell you who it is, BUT you should get excited!

In this episode, I discuss a weird situation that occurred regarding the discussion I had with another investor while networking at an event.  I watched this person wander around the room throwing himself at anyone who would have him. His strategy was to ask your name and then demand to know the exact size of your portfolio in the second sentence! This guy didn’t even introduce himself first, it was like this, Hi, Who are you? How many doors do you have? Just like that. I really felt sorry for him, clearly, he has little to no networking experience whatsoever. The next thing he said was “I own 600 doors” (he shared this without me asking any questions).

Clearly, this man has deep-rooted insecurities as his only redeeming quality appears to be the portfolio of apartments that he owns with a bunch of other people. I wonder if he realizes how his alienating statements make other people feel as he forces himself on them?

What everyone else is doing does not matter, actions like what this man did only serve to deflate new investors. I see this happen a lot in the learning phases, folks being intimidated by the “success” of others. Don’t fall victim to this type of feeling, no matter where you are in your investing journey, I assure you that there is no such thing as “enough” properties. By that I mean if you have 2 doors, others have 4, if you have 5000 doors, others have 10,000 doors. If you waste any precious moments wishing you had more than the next person, you likely won’t go much farther.

Instead, set personal goals that you own. I don’t care if you want 2 doors or 20,000doors, it's important to write down your goal. Any time spent comparing your accomplishments to that of others is wasted time.

Goal setting is the first step in the Mailbox Money 12-week group coaching program. You can learn more about that by visiting MailboxMoneyCoach.com and looking around. If you want to book a slot on my calendar to discuss if the program is right for you, that can also be done right on that website.