New Year’s Resolutions: 3 Things I Will Be Doing in 2018
What would New Year’s be without a few resolutions to go along with it? Every January 1st, we make these promises to ourselves, but unfortunately, most of them are forgotten by the time February rolls around. This year, though, I am pledging to be different. I will keep my resolutions, and not just for a few weeks – I’m talking the whole year.
So what makes 2018 different? Simple. I’m making resolutions that I CAN keep, because they’re already part of my life, both professionally and personally. I’m just going to expand them and make them more of a focus, because I know that they’ll ultimately make me smarter, stronger, more efficient, and more profitable in my business.
Resolution #1: Expanding my network
I like to think that I already have a pretty decent-sized network of professionals I work with. This includes other investors, real estate agents, lenders, contractors, property managers, wholesalers, and more. However, I also know that there’s always room for improvement – or in this case, expansion. That’s why my first resolution for 2018 is to grow my professional network. I want to meet more people so I can learn more and hopefully net some great opportunities along the way. I plan to do this by attending at least one more conference or seminar than I did last year, organizing a meet-up, and reaching out to at least 3 new people per week. Those are the actionable steps I will take, and I should see verifiable results in the form of increased deals (i.e., how many properties I buy, how many I sell).
Resolution #2: Exploring new markets
My second resolution is one that I’ve already started, but I want to ramp it up even more in 2018. Exploring new markets is the best way to stay relevant in this industry, as major housing markets across the country are continually changing and evolving. In other words, what was a great place for investors 5 years ago may not be such a hot market now. It’s critical that you stay current on market conditions and how they may be affecting your investments, and that you’re also aware of what’s going on in other markets where you don’t own property. Right now, most of my inventory is in Kansas City and Dayton, but I’ll be looking at Las Vegas and Little Rock as we move into 2018.
Resolution #3: Finding balance
Finally, I want to work more on finding balance between my professional and personal life in the new year. I will admit that I am something of a workaholic, and while that’s certainly been good for my business, I know I need to devote more time to my personal life. I have a wonderful family and group of friends, and making time for them is going to be a bigger priority in the coming year. I also plan to focus more on myself, and making sure that I’m doing what it takes to stay healthy, physically and mentally.
Making New Year’s resolutions is easy – it’s keeping them going throughout the year that’s tough. But you can break this trend by making realistic resolutions that have verifiable impacts. Start by thinking about the areas that you need to work on, and what sort of actionable steps you can take to improve them and see results. For me, it was the 3 above (and some others, too, but that would’ve been too much for one post!).
Here’s to a prosperous New Year for all!