I like to have a lot going on in my life- both personally and in my business.
I used to think I wanted to work hard to someday get to a point where I could sit back relax and lounge around – but I realized I don’t have any fun lounging around, I have fun doing stuff and conquering challenges.
Right now in my business I have a fix as flip business that does 10 to 20 deals a year, a Real Estate listing and selling business that does 200 deals a year, 7 (soon to be 8) long-term rentals, a Real Estate blog and I do 1000 BPOs a year. When I say “I”, although I am personally responsible for all of this – in no way do I do all the work. Recently I was at a closing on one of the flips I was buying and my banker asked me how I can keep track of everything. The truth is, I don’t keep track of everything, my team does. When I say my team, I don’t mean a team of professionals to help me like contractors, accountants and lawyers, I mean employees that I hire to make my me more successful.
A friend of mine works in a corporate job and he routinely works 70 hours a week. He seems to think this is normal and expected in the corporate world. It may be expected, but I certainly could not handle working that much. I decided to track how much I work for a couple of weeks to show him, you don’t have to work all the time to be successful. I ended up working about 35 hours a week, although I did spend a little more time than …read more