May 24th, 2023
Something I’m Reading
I’m still reading David Goggins new book, "Never Finished”. If you’re looking for tips on how to maximize your potential, I highly recommend it.
Something I Photographed
Just hung out with my family and some of our Cabana Club investors in Maui. These are folks who invested $500K in a single deal or $1M across our portfolio. They get access to me and my team, access to other high-caliber investors, and priority access to every single deal we launch — like our current investment opportunity, the Texas 3-Pack. We’re building more than just great returns at ODC. Visit odcfund.com/texas3pack to learn more about our latest deal.
Something I’m Excited About
We just wrapped up the BetterLife REI Summit and I’m so happy with how well it went! I’m excited for our next event, the Couples Retreat, set to take place in sunny San Diego, California, from July 31st to August 1st. It's going to be an awesome time with sessions led by relationship experts.
Something I Can Answer
I’ll be answering two questions asked by a BTB subscriber. Have a question you want me to answer? Reply to this text with your question!
Question: “What advice would you give to someone who wants to improve their productivity and time management skills?”
Improving productivity and time management skills is crucial for maximizing efficiency and achieving success. Here are some valuable pieces of advice:
1. Set clear goals: Start by defining clear and specific goals for yourself. When you have a clear direction, it becomes easier to prioritize tasks and allocate time accordingly. Break down your goals into smaller, actionable steps to make them more manageable and track your progress.
2. Prioritize and eliminate distractions: Identify the tasks that have the highest impact or urgency and prioritize them accordingly. Learn to say no to tasks or commitments that do not align with your priorities. Minimize distractions by turning off notifications, blocking out focused work periods, and creating a conducive environment for productivity.
3. Plan and schedule: Develop a habit of planning and scheduling your tasks. Use tools like calendars, to-do lists, or productivity apps to organize your day and allocate time blocks for specific activities. Be realistic about the time required for each task and build in buffers for unexpected events or delays.
4. Practice effective time blocking: Time blocking involves scheduling specific blocks of time for specific activities or types of tasks. Dedicate focused blocks of time for deep work, creative thinking, or strategic planning. During these blocks, eliminate interruptions and fully immerse yourself in the task at hand.
5. Break tasks into smaller chunks: When faced with complex or overwhelming tasks, break them down into smaller, more manageable parts. This makes them less daunting and allows you to make progress incrementally. Celebrate each completed chunk to stay motivated and maintain momentum.
6. Take regular breaks: Avoid falling into the trap of continuous work without breaks. Take regular short breaks to recharge and refresh your mind. Use techniques like the Pomodoro Technique, where you work for a focused period (e.g., 25 minutes) followed by a short break (e.g., 5 minutes), to maintain productivity and prevent burnout.
7. Delegate and outsource: Learn to delegate tasks that can be done by others, freeing up your time to focus on higher-value activities. Assess your strengths and weaknesses, and consider outsourcing tasks that are not in your area of expertise or consume excessive time.
8. Continuously improve and learn: Explore productivity techniques, time management strategies, and tools that align with your working style. Keep learning and experimenting to find what works best for you. Regularly evaluate your productivity practices and make adjustments as needed.
Remember, improving productivity and time management skills is a journey. Be patient with yourself, stay consistent, and be open to adapting your approach as you discover what works best for you. By implementing these strategies, you can enhance your productivity and make the most of your time.
Question: "What do you see as the biggest challenges and opportunities facing real estate investors in the current market, and how do you plan to navigate them?”
Challenges: I don’t believe interest rates are coming back down anytime soon. I think this is the new norm. However, I also don’t think prices are coming back down. So this means: cash flow is harder than ever to get.
Opportunities: I see a ton of people in America getting old and needing care over the coming decades. The health crisis in America combined with the limited income of the elderly is going to put a lot of people in a tough spot. This is why I’m still buying working-class apartments and mobile home parks. I think assisted living is going to be huge, as will self-storage (as all those old people need to downsize and store their stuff somewhere).
Something I Recommend
Many of you know of my performance coach, Jason Drees. Jason has been my coach now for over 5 years and has helped me personally overcome some limiting beliefs, scale my business, and hit some crazy goals. The first step in hitting crazy goals is identifying them. Jason and his team are providing a complimentary impossible goal settting session – to help you uncover the impossible target you should be aiming it. Here is the link to get yours.
For my health-conscious friends (or those trying to be healthier), I’ve been using MyBodyTutor for years for accountability on my fitness and diet. These guys assign you a coach to hold you accountable, track your food, suggest exercises etc. You can check them out here.
Disclosure: “Some of the links in this post are affiliate links, which means I may earn a commission if you click on the link and make a purchase. However, please note that all opinions expressed here are my own and I only recommend products or services that I have personally used and found valuable."
Your Friend,
P.S. Comment below and let me know your thoughts on this week’s BTB! Please be friendly :)