August 28, 2024
Something I’m Reading
Currently re-reading (listening this time) to one of my all time favorite books, “Bird by Bird” by Anne Lamott. This is a book about creative writing, so most of ya’ll won’t care, but it’s a beautifully-written look at what it takes to write and what it means to be a writer. I love it. It makes me want to write a novel.
Something I Photographed
Sweet Martha’s at the Minnesota State Fair. Yes they sell hot fresh baked cookies by the bucket. Yes, they are calorie free. Yes it was every bit as good as you’d imagine.
Something I’m Excited About
Excited about speaking at Limitless this weekend and getting to (hopefully) meet RFK who will be speaking also!
Something I Recommend
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Some Thoughts to (Hopefully) Make Your Life Better
The Million-Dollar Conference: The Power of “Thinking in Averages”
What if you could make $1 million dollars by attending a conference? Or reading a book? Or getting coffee with someone?
It’s possible. Let me explain how.
In the world of real estate investing (or business or even just life in general) - success isn't about hitting home runs every time you step up to the plate. It’s about getting on base over and over again. Think of it like this: If you attend 10 real estate conferences and only one of them introduces you to a person who becomes your business partner, helping you make $10 million over the next 20 years, did you waste your time at the other nine? Absolutely not. In fact, on average, each conference made you $1 million.
This is what I call "thinking in averages."
When you approach your education, networking, or business activities with this mindset, you begin to see the bigger picture. Sure, not every book you read is going to be a game-changer. Not every coffee meeting will lead to your next deal. And not every direct mail campaign will fill your inbox with leads. But over time, each of these small efforts adds up to something substantial.
For me, this realization changed everything. I used to get frustrated if I spent money on a course that didn’t immediately show results or attended a conference where I didn’t walk away with a killer deal. But now, I see it differently. The power isn’t in any one event, book, or conversation. It’s in the accumulation of experiences, knowledge, and connections. On average, nearly all of it works.
Let’s bring it back to the conference example. If you knew attending 10 conferences would, on average, earn you $1 million per conference, would you attend them? Of course! You’d probably be looking for the next 10 as soon as possible.
The same applies to other areas of your life and business. Every time you invest in yourself—whether that’s attending a workshop, reading a book, or meeting someone for coffee—you’re increasing your odds of hitting it big. Even if it doesn’t pay off immediately, it’s adding to your average, bringing you one step closer to that next big win.
So next time you’re debating whether to attend that conference or read that book, remember: It’s not about the immediate return. It’s about raising your average. And over time, those averages will compound into something extraordinary.
Thinking in averages has been a game-changer for me. I hope it will be for you too.
Love you!
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."