The Real Estate Show

Radio Show Notes 10/29/24 Tuesday: 90-Day Real Estate Game Plan: Why Stepping Out of Your Comfort Zone is Key to Investment Success

October 29th, 2024 8:46 PM by Eric Willner

Radio Show Notes 10/29/24 Tuesday:

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90-Day Real Estate Game Plan: Why Stepping Out of Your Comfort Zone is Key to Investment Success

By Eric Willner, Investor, Coach, and Host of The Real Estate Show, America’s longest running daily radio show about real estate.

Welcome to The Real Estate Show – South Florida’s #1 Real Estate Radio Show and America’s longest-running daily real estate show!

Key Points:

·  Real estate is an ideal investment that provides stability, growth potential, and an effective path to financial independence.

·  Stepping outside your comfort zone is essential for a 90-day financial reset, helping to build resilience and unlock new opportunities in real estate.

·  Actionable steps for a successful start include improving your credit, budgeting, researching markets, and setting clear goals.

·  Major financial roadblocks include high taxes, interest charges, inflation, and uncontrolled expenses, but real estate offers strategies to overcome these.

·  Educational tools and workshops, like the Path to Home Ownership, as well as expert guidance, can help make your real estate journey smooth and profitable.

 

I’m Eric Willner, known as the Voice of Real Estate, and the founder of this show and America’s longest-running daily radio show about real estate. I’m also the creator of The Automatic Landlord System, built to help you own cash-flowing real estate profitably and hassle-free. Remember, every episode is a virtual real estate seminar, and today’s theme is all about stepping outside your comfort zone to create a 90-day fresh start in real estate.

Did You Know?

  1. Did you know that 61% of Americans live paycheck-to-paycheck, leaving them with minimal savings to invest in homeownership?
  2. Did you know that nearly half of all renters spend over 30% of their income on rent, making it challenging to save for a home?
  3. Did you know that over 70% of Americans have some form of debt, hindering their ability to step into homeownership?

These questions highlight some of the realities many people face when it comes to achieving financial security and breaking into real estate. Knowing this can be empowering, though, because awareness is the first step to planning a way out. Remember, everyone is “in” real estate. Either you own it or you’re renting from someone who does! Real estate ownership means controlling one of the biggest investments of your life, so it’s worth the time to consider.

Transformation Tuesday Meditation

Since it’s Transformation Tuesday, let’s take a moment to center ourselves. “Lord, as we embark on this Transformation Tuesday, we seek Your guidance to be agents of positive change in real estate. May the properties we handle become places of warmth and security for those who call them home.” Amen.

Action Steps for a 90-Day Fresh Start

Today, I’m breaking down the 9 reasons stepping outside your comfort zone is essential for a successful 90-day fresh start, along with actionable steps you can take to apply each one. Let’s get into the specifics:

  1. Challenge Your Routine
    • Action Step: Examine your current habits around spending and saving. Ask yourself: are there areas where you can cut back and put that money toward a real estate fund? Rethinking small, everyday habits can set you on a course for bigger goals.
  2. Embrace Learning and Growth
    • Action Step: Attend workshops, webinars, or seminars (like ours!). Begin building your foundational knowledge about real estate terms, market trends, and investment opportunities.
  3. Face Financial Realities Head-On
    • Action Step: Sit down and calculate your total debt, income, and monthly expenses. Seeing everything on paper gives you the power to make informed choices. Use this financial clarity as the first step in establishing a debt repayment or savings plan.
  4. Adapt to Financial Flexibility
    • Action Step: Adjust your spending habits and build an emergency fund, even if it’s small at first. Adapting and building this cushion will help you stay afloat when unexpected expenses arise.
  5. Overcome the Fear of Failure
    • Action Step: Begin with small, manageable real estate goals—like saving for a down payment. Commit to action steps and remember that every small success reduces fear and builds confidence for the next step.
  6. Set Realistic Investment Goals
    • Action Step: Define what “success” means to you. Is it rental income, property appreciation, or long-term financial security? Outline your goals so that each investment aligns with them.
  7. Strengthen Your Financial Discipline
    • Action Step: Commit to saving a percentage of your income every month. This habit builds discipline and grows your financial safety net over time.
  8. Network with Like-Minded Individuals
    • Action Step: Surround yourself with others in real estate—join groups, attend local events, or listen to this show! Learning from others gives you new insights and accountability.
  9. Visualize Long-Term Success
    • Action Step: Picture the lifestyle and security that real estate can bring you. When the road gets tough, this vision keeps you motivated to stay on course.

And remember, The Real Estate Show is here to guide you with every step. Our expertise and experience can be the difference between a smooth and a stressful transaction!

First Call to Action:

Have a specific question about home loans? Text "LOAN" to 561-861-2366, and we’ll tackle it on a future show! Plus, don’t forget about our free online workshops every Tuesday, Wednesday, and Thursday.

Tools and Resources to Help You Succeed

Now that we’ve explored those steps, let’s dive into the practical tools that help achieve real estate goals as you work toward financial independence:

  1. Home Ownership Expertise – Connect with experts to walk you through the buying process and answer any questions.
  2. Path to Home Ownership Workshops – Join our weekly free workshops to learn how you can own your first property.
  3. Financial Calculators – Use these to set and track your savings or debt repayment goals.
  4. Creating a Financial Plan – Map out a long-term financial strategy to keep you on track with your goals.

Midpoint Sponsor Break:
Today’s Show is Brought to You By: TimeToFixMyCredit.com – Text “CREDIT” to 561-861-2366 to start your journey to better credit today.

The 4 Roadblocks to Financial Independence and How to Overcome Them

Achieving a fresh financial start means facing four major roadblocks. By stepping outside your comfort zone and following our strategies, you can overcome these:

  1. Government and Taxes
    • Action: Learn tax-saving strategies and take advantage of real estate tax benefits like deductions and depreciation.
  2. Interest and Finance Charges
    • Action: Avoid high-interest debt. Focus on repaying existing debt, and choose financing options with favorable terms.
  3. Uncontrolled Monthly Bills
    • Action: Make a budget that covers essentials and prioritizes your financial goals. Control your spending to free up more money for real estate investing.
  4. Inflation: The Silent Killer of Wealth
    • Action: Invest in assets like real estate that have a history of appreciation. Real estate can often outpace inflation, making it an ideal long-term investment.

Call to Action at 75% Mark:
“You can turn debt into wealth with real estate!” Change your financial future by texting the word "CREDIT" to 561-861-2366.

Resources for Renters, Buyers, and Investors

Whether you’re a renter looking to buy, a first-time homebuyer, or a seasoned investor, our free Tuesday night workshop offers strategies for all levels.

Summary of Today’s Show

  1. We discussed why stepping outside your comfort zone is essential for a fresh start.
  2. Reviewed the 9 actionable steps for creating real estate success in 90 days.
  3. Highlighted four key roadblocks to financial independence.
  4. Shared practical tools and resources for real estate and financial planning.
  5. Reinforced the importance of workshops, expertise, and community in achieving success.

Tomorrow, join us for our Wednesday Midweek Mortgage and Market Report! Get up to date on the latest trends and insights in the real estate market to help you make informed decisions.

Thank you for tuning in today. Don’t just listen—take action! Use our show as your stepping stone into real estate investing. Tune in every weekday for insights and guidance, and don’t forget to attend our free online workshops by texting “EDGE” to 561-861-2366. Thanks for listening and I hope to help Make The American Dream come true for you soon.


Also, you can listen to the entire 30 minute broadcast of any day’s edition of The Real Estate Show by clicking on the audio link on that days summary post. You can also watch the Facebook Live video at www.facebook.com/TheRealEstateShow.

Want to know more? If you are serious about real estate and paying off debt, then find out more on today and every day’s episodes and learn more about Real Estate Investing and learn HOW TO by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 9 o’clock (EST) on Florida’s Money Talk Radio stations WWNN AM1470, FM 95.3 and FM 96.9. You can also hear us on the free apps: iHeart Radio and TuneIn. Recorded Rebroadcasts are available 24/7 on Facebook. Please share this and our Facebook updates.

Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.

Also listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow 

Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.

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Posted by Eric Willner on October 29th, 2024 8:46 PM

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