We all know the value of learning, but for some reason when we’re in a conversation with somebody else, we don’t think about learning.
We think about how we need to teach them.
We need to get them to see things from our point of view.
If you’re a boxer and you’re trying to knock out your opponent, it doesn’t work when their hands are up and they’re not tired, you’re just going to punch yourself out and get tired.
What you want to do is let them punch themselves out.
Don’t try to knock somebody out until they’re tired and they don’t want to be fighting anymore, which you usually do by getting them to talk.
Once someone has said everything they need to say, they’ve got it all out of their chest and they told you how they feel, they are at their most vulnerable point as a human being ever, that’s when you want to deliver your information.
That seed will hit the softest, most fertile soil versus when you’re trying to tell them before they’re ready to hear it.
Are you interested in joining a league of like-minded people committed to saving money and developing financial independence? Keep an eye out for David’s next educational product, the Spartan League. “Text ‘Sparta’ to 59559 for more info”
Don’t delete all the knowledge you have as an investor.
We often make decisions based on our emotions, and if you get in a bad emotional state, you don’t like your portfolio, you’re in pain from what’s going on, you just want to get rid of the whole thing, and you can easily make bad choices.
In fact, buyers look for sellers that are in a position where they’re in pain and they just want out, and that’s how they get the best deals.
Use the BiggerPockets community to help you.
There are people out there that can give you advice that you didn’t even know was a possibility.
So if you’re ever in a situation where you’re in a problem with your portfolio, don’t just sell it.
Don’t just despair.
Don’t get too negative.
Don’t forget everything that you’ve learned.
Reach out to somebody from BiggerPockets.
Let them know what’s going on and see what options you have available to you.
When it comes to financial resolutions for 2023, there’s one goal at the top of many people’s lists: building an emergency fund.
A recent survey from Personal Capital found that 31% of respondents want to increase their emergency savings, topping other goals like purchasing a car, with 15%; saving to buy a home, 9%; or hosting a wedding, 8%.
Having savings set aside for unexpected expenses such as medical bills or car repairs can help people avoid high-interest debt and also stick to long-term goals like retirement savings.
If you’re looking to ramp up your emergency savings in 2023, these tips can help you get started.
Did you know that I have a blog that’s updated on a weekly basis? On DGT Live, we cover these topics:
- Real estate news
- Mortgage news
- Wealth Building
- Client success stories
- Crypto
- And more!