Are You an Asset or Liability to Your Success?

July 7, 2011 | By | 5 Replies More

Not sure about where you live but it’s been absolutely gorgeous in Charleston, SC lately.

Recently, one of our Platinum Private Money Blueprint members, Mike Johnson,and his wife Audrey were in Charleston… so I took ’em to one of my favorite spots, The Boathouse at Breach Inlet.

The view is AMAZING! Best spot to watch the sunset in Charleston.

Check us out…


You know, there’s a certain language to success (which is an ASSET to you)… and Mike speaks it.

He’s a new investor and is going to be buying multi family deals. He hasn’t done his first deal yet but here’s what he told me the other day… he said, “I will do this. It’s only a matter of time.”

Is your language an ASSET to your success? Find out below…

Are You An Asset Or Liability To Your REI Success?

Take a good hard look at yourself.

Are you growing or shrinking? Are you taking steps towards your goals or letting them drift away? Are you doing the things you know you should be or letting fear stop you in your tracks?

If you’re growing, if you’re taking steps towards your goals, if you’re doing the things you know you should be, then you’re an asset.

If not, a liability.

There are a few core areas of your biz that we need to make certain you’re an ASSET… because real estate investing, building a business requires it.

>> #1 – Education

You’re an asset if…

You are committed to CANI (constant and never ending improvement). You read good books, blogs, articles, etc on a regular basis.

You take massive action. You know that the REAL learning comes from the field… not in the classroom. You learn from the people you meet, the experiences you have, the mistakes you make along the way.

>> #2 – Language

You’re an asset if…

You speak confidently about yourself, your abilities, your business, your future.

You don’t use weak words like “try” or “wish.” You boldly exclaim (at least to yourself) that you can and will do whatever you set your mind to. You don’t say “I can’t”… you ask “how can I?”

>> #3 – Planning

You’re an asset if… you live by the Proverb, “He who fails to plan, plans to fail.”

You know what you want in biz and life and have written plans to make it all happen. Even though you don’t know exactly “how” you’re going to accomplish your goals, you know that with a strong enough “why,” the how takes care of itself.

You do the best you can with what you have… and are flexible – adjusting your plans along the way as needed.

>> #4 – Network

You’re an asset if…

You understand that your network makes a HUGE impact on your net worth… and actively look for ways to build new relationships and strengthen existing ones.

You associate with like-minded positive people who are where you want to be. You’re active in organizations like REIA, chamber of commerce, Rotary, the “private lender referral source” I shared with you recently, small biz association.

Regardless of whether or not you’re comfortable meeting new people, you do it anyway.

So, let me ask you again…

Are you an asset or liability to your success?

If you’re currently a liability, it’s time to do something about it. Now!

All it takes is one decision… a decision to actively educate yourself, speak the language of success, plan, build your network.

If you have any questions, if I can help you with anything, let me know.

I’m here for ya :-)

Happy Investing!

– Patrick

P.S. – Was thumbing back through Napoleon Hill’s classic, Think & Grow Rich, and came across this nugget of wisdom…

Where failure is experienced, it is the individual, not the method, which has failed. If you try and fail, make another effort, and still another, until you succeed.”

As an asset to your success, as someone willing to make another effort, and another… there is only one result.


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Category: Personal Development

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  1. You know it just seems so obvious but a lot of people just don’t seem to want to work hard enough to accomplish things and attain their dreams.  Great post.  I wish more people would take this to heart.

    • patrickriddle says:

      Hey Danny,

      Yeah most people don’t seem willing to work hard for anything. Whether it’s their j-o-b or their own goals/dreams.

      You can’t change people, but they can change themselves.

      – Patrick

  2. April says:

    Fantastic post! I like the positivity of this article. 

  3. Murphy says:

    Ha Patrick: If you are borrowing money from a private lender and you can not write guarentee in the contract but you say if someting happens you must make things right with the investor then why not just put it in the contract.
    Simply put if you are gong to stand behind it no matter what why can’t you put it in the contract?