Those who succeed find a way to step over the obstacles they hit rather than use them as an excuse.

It’s not until you are broke when you will really make money.

The path to success on your own is an emotional and mental test. Most don’t win it. You have to.

Time is money. For real.

Some things make you more money than others. Do those things first.

Take a notebook everywhere you go and write down every thought for your business.

You never know who might be your next big client. Judge accordingly.

Make a to-do list. It’s less overwhelming than a jumbled mess in your head.

Be careful who you take advice from. Don’t listen to the people who aren’t in the place you are trying to get to.

Don’t get distracted. It’s too easy to do something tomorrow.

Keep reading. And read books again. You’ll learn something new.

Be responsive, but don’t be obsessed.

Learn to mentally check out of work and ignore it for a few hours a day.

Don’t jump to get rich quick. You might jump into a hole.

Stop and look at the things around you. And appreciate them.

Be thankful for those who help you. Out loud.

Your reputation is your most important asset. Don’t do anything to put that at risk.

Sometimes getting the most money out of a deal isn’t what will get you rich.

Don’t email at the dinner table.

Know your goals. If you don’t, you won’t make good decisions and it will cost you a lot more money.

Don’t necessarily stop what you are doing because you aren’t seeing immediate results.

You can’t make the contact you don’t meet.

Don’t get email notifications on your phone.

Subscribe to positive blogs you get on a daily basis. I recommend Seth Godin.

Comments
  • David N.
    Reply

    Hi Ail,

    I found your blog through researching about getting into real estate investing. After reading a few of your posts, I am honestly taking in your advices. Do you have any pointers for a novice in this area. I am overwhelmed on where to begin as I approach this new venture. Thanks again!

    • Ali
      Reply

      Hi David! Thanks for reaching out. My biggest pointer would be to find a good mentor. Someone who is already doing it, doesn’t mind sharing their experiences, help connect you to good resources, etc. That’s what has gotten me through. I am getting ready to set up a mentoring program where I can be your mentor for a lifetime or as long as you want me. But in the meantime, if you want to tell me where your head is at- what are you wanting to do, what learning have you done on it so far, etc.- I’ll see if I can help out!

  • Brooke
    Reply

    Hi Ali,

    I found your blog through Bigger Pockets. Great blog and great list above. I too loved the Rich Dad books. I just moved from LA last year (after 18 years) to Nashville. I had 2 homes there in Burbank (renovated and lived in both). Nicaragua sounds intriguing. I will have to pick up the Guerrilla marketing book. Thanks!

    • Ali
      Reply

      Hey Brooke! That’s awesome… I actually used to live in Nashville/Nurfreesboro and now I live in LA. What took you to NashVegas? I love it there. Still go twice a year.

      Thanks for commenting!

  • Jay
    Reply

    Hey Ali, Thanks for the reply…. I have read a couple of Kiyosaki’s books too along with The E-Myth Revisited & The 4 Hour Work Week all good books. I have also read a book by Susan Jeffers called Feel The Fear and Do It Anyway….good for hitting what’s holding you back head on. The Unofficial Guide to Real Estate Investing by Spencer Strauss and Martin Stone is also a good read.

    • Ali
      Reply

      Ooh, I’ll have to check those out! Thanks for sending.

  • Jay
    Reply

    Hi Ali,

    Got any good book recommendations? I too, like to soak up as much as I can about RE Investing, Money Management…etc

    • Ali
      Reply

      Hey Jay! Ooh, yes, I love my books on this stuff. It may sound lame, but I’m a stickler for all of the Rich Dad / Robert Kiyosaki books. I’m a big advocate of only taking advice from someone I would trade shoes with, and I would trade shoes with Robert any day. I think he is spot-on with his theories about money. Let’s see, what else. I think all of the books I read for RE and money are his, but if you are interested in other topics… The E-Myth Revisited is a must for any small business. Actually it’s really good even if you aren’t starting your own business. I just finished The Art of Non-Conformity. The 4 Hour Work Week is awesome. If you like sales and marketing type books, I love the Guerrilla series. Like Guerrilla Marketing and Guerrilla Sales. I’m reading the sales one now and it’s really cool, if for no other reason to understand people’s brains.

      If you have any you can share back, I’d love to hear about them!

  • Heidi
    Reply

    Hi Ali! I’m really enjoying your blog. I’m a new RE investor (3 rental houses) and I’m considering looking at new areas because where I am living doesn’t have a great price: rent ratio. I look forward to reading more posts.

    • Ali
      Reply

      Hi Heidi! Absolutely, I’d love to talk more. Where do you live now and where are your rentals? I’ll shoot you an email.

  • dave p
    Reply

    As a new entrepreneur, I find this article helpful. Distractions can completely derail a productive day. It’s also easy to give up when there is no immediate progress, but in those situations you need to plow through if you are really passionate about it.

    • Ali
      Reply

      Hi Dave!

      You are exactly right. Do you have any extra tips you would add onto the list to help with not getting distracted?

      Ali

  • Gumshoe
    Reply

    -Do not get Email notifications on your phone.

    Why is this? Do you become distracted?

    • Ali
      Reply

      Well, I do definitely get distracted when emails pop up on my phone which can be really annoying to someone I’m talking to when I stop listening to them to read the email, but more than that, if you are anything like me and slightly obsessed with your business getting started and working with clients, I end up completely neglecting time for myself and focusing only on responding to people right away. Perfect example, when I would wake up in the morning, I’d see something like “17 new emails” yelling out at me from my phone’s screen, so I would check them before I even got out of bed. Same for going to bed at night, I would check emails until the time my head hit the pillow. This is fine and impressive for response time and people love it, but I was starting to go nutty forgetting that I actually do/should have a life outside of work. I think everyone needs to at least be able to get out of bed, maybe make a cup of coffee and wake up for a second, before sitting down with emails and going at it.

      I say all this… I’m still not perfect with the not-checking-emails-until-I’m-out-of-bed idea… 🙂

  • Brandon@ RealEstateInYourTwenties
    Reply

    Great stuff Ali! I especially like “Take a notebook everywhere you go and write down every thought for your business.” I just went to Wal-Mart yesterday and bought a 3-pack of these thin black notebooks that look like passports so I can carry one with me and write notes all day long. As an entrepreneur, I probably get like a bazillion (yes, it’s now a word) ideas a day. Most are crap; the rest I forget. Not anymore… 🙂

    Keep up the good writing!

    • Ali
      Reply

      Haha! I love it! I may go by those little notebooks myself since you mention them. I currently have a horrible system of either not writing things down so later forgetting them, writing them on any scrap sheet of paper or napkin I can find which I later lose, or I write them in my big notebook and forget I ever put them in there until months later.

      And yes, bazillion is absolutely a word. I counted my random thoughts yesterday and that’s the same number I hit! 🙂

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