How do some the top real estate investors plan for the next year? Sometimes small differences separate those who fail in real estate vs. those who thrive… and the end of the year planning rituals give these top investors a huge edge over their competition. What are you doing this time of the year to plan for a successful year ahead? Well, here’s a peek behind the scenes of what these top real estate investors do to hone their mindset and get laser focus for the year ahead. Real estate investors continue to thrive by using solid real estate investment strategies. Wholesaling and flipping are continuing to push momentum as well as the multi-family market. However, perhaps even more than ever, is the ability to adapt to move within the market trends is hugely important. The ability to plan ahead. So we reached out to some top investors and real estate professionals to see if they would share what type of mindset they have when penciling in their strategies for the coming year. Use these strategies below and implement them in your own business before you get too far into the new year! 5 Mindset Habits To Help Create Effective Real Estate Investing Goals For The Year Ahead AND Actually Achieve Them Doug Fath – Legacy Capital I love doing end of the year planning for the upcoming year. In order to make this planning as efficient as possible, there are three things that set me up to hit the ground running to create my yearly goals. 1. Accurate Numbers I have the books for over a dozen of my entities reconciled on a monthly basis (thank you MY HQ Pro) so by the time I get to December I have accurate numbers through the end of November. This is super important because you need to account for your current year goals before you can create new ones. 2. Strategic Planning I’ve always been a big planner but Dan Sullivan’s Strategic Coach Program has helped me take strategic planning to a new level, so by the time I get to the end of the year, I already have a pretty good idea what I’m up against in the new year based on my previous written goals (Life Time Goals, 3-Year Goals, and 1-Year Goals) that I review on a quarterly basis. 3. Inspiration There aren’t many authors that can do this but there is something about Robert Kiyosaki’s writings that speaks to my soul and gets me inspired. I re-read and skim some of my favorite books which are primarily from his “Rich Dad” Collection. I’ll go through my highlights of “Rich Dad Poor Dad”, “Cashflow Quadrant”, “Guide to Investing”, “Retire Young Retire Rich”, “Increase Your Financial IQ”, “Conspiracy of the Rich” and Keith Cunningham’s “Keys to The Vault” and “The Ultimate Blueprint for an Insanely Successful Business”. By this point, I’m ready to rock and roll and create my new annual goals which I create in the following format. Yearly Goals Vision Board Word of the year Context – focus for the year Business Investment Strategy (from Kiyosaki’s “Who Took My Money”) Visual Illustration of my Business Investment Strategy High-Level Goals – “Retire Young Retire Rich” Personal Financial Statement – how do the fulfillment of my goals show up here Personal Financial Statement – Results from the current year compared to new goals for the upcoming year Growing & Development – “Rich Dad’s” 3 paths to wealth and how I plan to learn and grow in each of those areas this year Financial Statements of Poor, Middle Class, and Rich (always a good reminder) Daniil Kleyman – Rehab … Continued