Reigniting Your PASSION for Financial Freedom with Clayton Morris

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Know your numbers & track your progress. I know… there’s nothing more tedious than crunching numbers and looking at spreadsheets… but once you’re on the other side of it, there’s nothing more motivating than seeing how far you need to go to reach your goals. Pull out your latest balance sheet and update your Freedom Number so you know exactly where you’re headed. The best way to approach this part is with few emotions—there’s no need to feel guilt or shame if you’re not where you want to be. If you haven’t made progress toward your goals recently, don’t beat yourself up over it. You’re just doing this exercise to gain an understanding of where you stand and where you need to go.

Bake learning into your routine. You know that saying that goes, “you become like the 5 people you spend the most time with?” Well, that’s totally true – but the best part is, with access to technology, it’s possible to learn from the world’s best experts any time you want. You’re not limited to hearing from just the people in your family or your hometown. With books, audiobooks, podcasts, and YouTube video, you can learn from some of the most successful investors in the world.

Revisit your why. If you need to reignite your motivation, there’s nothing more powerful than bringing it back to your why. Why do you want to invest in real estate? If you don’t have a strong motivator for reaching your goals, then of course you’re going to get off track! Revisit your why, determine why financial freedom matters to you, and ruminate on the value investing in real estate can add to your life.

Set up meetings. Accountability can be a powerful motivator, so don’t be afraid to involve others in your process. Whether you’re sitting down with your spouse to have a family meeting, reaching out to a mentor, or checking in with professionals, schedule some check-ins with people who want to see you succeed. It’s important that you identify other people who can cheer you on, encourage you, and keep you accountable.

Talk with successful investors. Do you think that most successful investors have lost their motivation at some point? Do you think they’ve ever gone through a dry spell, gotten distracted, or felt discouraged? Of course, they have! Don’t be too proud to talk to some of those friends, share your struggles, and ask for advice. If you’re thinking, “but Clayton, I don’t know any successful investors,” then it’s time to change that. It’s important that you surround yourself with other likeminded people, whether that’s in person or online.

Keep a journal. There’s something impactful about putting pen to paper. Get a notebook specifically for investing and journal about everything we’ve talked about in this video. Write about your Freedom Number, your why, things you learn in books and podcasts, and conversations you have with others.. This is a great way to keep you in the right headspace and reinforce positive habits.