Be “aggressively patient” to get what you want in life.
Aggressively patient? These two words DO NOT go together. This oxymoron is an excellent mindset for life and investing. So, let me tell you what I mean.
It’s a Lifestyle
Aggressively go after what you want in life.
Be patient for the right opportunities and have a strong willingness to say no. Be ready to adjust if facts on the ground are different from what you thought originally.
It’s like riding down a steep hill and feathering your brakes, getting the balance right on a teeter totter, or any other balancing act.
The “Aggressively Patient” Investor
Let’s take it in the context of investing. I’m a Real Estate investor by trade (and nature). When I coached RE investors, I taught them this “aggressively patient” concept. What it means here is you are AGGRESIVELY LOOKING for great deals every day. You are setting up systems and making connections with key people that can lead you to finding multiple great deals. But you are patient enough to only do exceptional deals that make sense.
Tim’s 10 Top Tips to help you be an amazing “Aggressively Patient” Investor:
Learn the cycles and where we are in those cycles
You can get more done in 5 years than you think and less done in one year
Become an expert- study other models. It takes 10,000 hours to become proficient
Know what you outcome want and what outcome you can live with when you do a deal
Know your identity. Find a model that works for you and play YOUR game
When you look at investments try to find why NOT to do it…Go Go Go Stop
You can only juggle so many balls at a time – add new ones slowly, and drop off those that no longer serve you
If you’re going to do it… Make it ELF – Easy, Lucrative and Fun!
Always be learning… Think “It doesn’t happen twice”
Bring others with you. Throw down the rope and LIFT humanity as you go!