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¿Dónde está el baño, por favor?

¿Dónde está el baño, por favor? No matter where one is traveling, to the local mall or a foreign country, an essential question to know how to phrase politely is “Where are the bathrooms?” In Puerto Vallarta we usually use the fo...

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Fun for the Younger Set in Puerto Vallarta

                Fun for the Younger Set in Puerto Vallarta:  Puerto Vallarta is visited by thousands of people every year; many of these visitors are young and looking for fun and a good time. ...

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A real grasp on the Real Estate Market

October 15, 2014 To whom it may concern. I engaged the services of Dana Scapa and Stella Leavitt, The Dream Team of Puerto Vallarta, with Timothy Real Estate Group for the sale of my condo unit at Paramount Bay in Puerto Vallarta. They we...

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Real Estate Investment in Nayarit

Welcome to Riviera Nayarit, Mexico! This region is a 200 mile stretch of soft sandy beaches, picturesque coves, clean ocean breezes and turquoise waters. Just north of the Puerto Vallarta International airport, the destination is just a two-hou...

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Puerto Vallarta: The Cooler Time Of Year

When Will The Temp Get Cool Again? Once September passes and businesses that had been closed for the month begin again to open, people start coming back to town. The snowbirds from the north flock back via flights or long road trips. Streets...

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This Powerful Principle Will Increase Your Willingness to Produce Results

Increase Your Willingness to Produce Results

As real estate investors we often think of ourselves as go-getters and self starters. Too often we are not wanting a boss looking over our shoulder or telling us what to do everyday. The reason many of us invest in real estate is to become financially independent enough to stop working our traditional careers. Then why is it that so often we fall short of producing the daily results needed to get a full-time investing business off the ground?

This article is devoted to a powerful principle that has helped keep my real estate investing engine running in top gear for the past 11 years.

Let’s first discuss the idea that profits, knowledge, and helping people are our three biggest rewards as investors. Profits are produced by providing value to buyers and sellers. Knowledge, both good and bad will come from any action moving forward. Finally, helping others provides a value that is good for your soul and will come from actively investing in local deals. Then why, if we know that rewards will come at the end of the tunnel, do many of us procrastinate, hesitate, or fall short of our daily goals for our investing businesses.

Your level of success today is a direct culmination of your past daily activities. If your daily routine actions and activities are in line with your goals you will likely hit your target sooner rather than later.

Related: Owning and Growing Your Real Estate Business

Here is the trick I use to keep myself motivated daily…

Specific delayed gratification to build anticipation. I treat myself like a child and parent myself. Below we will outline how you too can set up short term goals with fun rewards. The bigger the reward the bigger the goal. The trick I use is to think of the reward first and get excited about it. Here is how you can do the same.

1. Think of a reward you have been wanting for some time. A vacation, a new car, going out to a new restaurant, buying a new toy or piece of jewelry, etc. Not a vacuum or something chore related, but something specific to you and a little selfish.

2. Really envision yourself having the object or taking the vacation. Get excited about it. You should feel butterflies in your stomach when really picturing yourself with the reward. If you do not get physically excited at the thought of having this reward then your reward is not strong enough – you should choose a more appropriate reward.

3. With the price of the object or vacation in mind, decide what your goal will be in order to achieve this reward. In other words, how much profit do you need to make before this reward is viable?

4. Now double, triple, or quadruple the goal needed to achieve this reward.

My personal example…

I created this goal on January 1: If I want to take a cruise in February I will only do so when I have purchased 4 mobile homes for investments. 2 must be sold prior to the cruise. Note that 1 mobile home purchased and sold would be more than enough money to take a cruise but I wanted to really push myself and make big gains this year so I quadrupled my goal in order to go on this cruise.

The outline above is helpful for pushing yourself to set larger and larger goals that have a high likelihood of being reached. When you use delayed gratification to build anticipation you build a fire inside you that can push you past your fears and comfort zones to obtain your reward. This goal setting assumes that you will take into account proper education and training. Make sure you have clarity about how to advertise, safely purchase, and resell investment homes for profit.

If this above outline does not get you fired up or your personality uses a different method for increasing your daily results please comment so below so we may all learn and grow together.

Love what you do daily,

John Fedro

The post This Powerful Principle Will Increase Your Willingness to Produce Results is property of The BiggerPockets Blog. and is Copyright

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Vallarta, Whats in Lo de Marcos?

Hidden beauties can be found along Highway 200 on the way to or from Puerto Vallarta. One of these gems is Lo de Marcos, a small Mexican beach town that has not been fully discovered. There are no looming hotels, large boat marinas, beeping tax...

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Puerto Vallarta: Stand Up and Paddle

Stand Up and Paddle Our first introduction to standing on a surf board with a paddle was a wet one. It took several attempts to learn our balance points but the landing was always soft and forgiving. Stand Up Paddle, known as SUP, has become...

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Puerto Vallarta In a Nutshell

Getting Around…. On any map of Puerto Vallarta, it is easy to see the separate and varied sections of the city. Though somewhat diverse in character and having individual personalities, they also share many similarities. Along the coas...

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December Festivities in Puerto Vallarta

Traditional festivities are celebrated in the month of December throughout Mexico and Puerto Vallarta is no exception, starting the month with the colorful Guadalupano celebrations, followed by Christmas and ending with a bang at New Year’s E...

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Where Do You See Crocs In Puerto Vallarta?

Low season in Puerto Vallarta seems to bring out our local large reptiles. We attribute this to a typical phenomenon, in which the more populated an area with people, the less likely to spot wildlife. Not that crocs are shy; they do make appear...

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Vallarta Christmas Traditions

To say that Mexico is a country rich with tradition is clichéd nearly as much as some of the traditions themselves. Years ago, upon visiting a Mexican home during the Christmas holidays, we were shown a room that had been completely devote...

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Vallarta: Banda!

Banda! We love this style of music, which we first discovered years ago at a rodeo in Sayulita on our first visit to Puerto Vallarta. Some may find it brash and loud but, to us it represents joy, liveliness and people having a darn good time...

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Buying Property in an Online Auction

No standing on the steps of the county courthouse or packed into a hotel ballroom. You can bid at home, the office, even the airport as long as you have an Internet connection. Bidding can occur 24 hours a day over the course of days or wee...

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Vallarta Botanical Gardens Has a New Chapel

For those of you who have not visited the beautiful Vallarta Botanical Gardens lately, you are in for a fun surprise.  One of the fun new additions in the non-denominational Our Lady of the Garden Chapel were concerts, weddings, ceremonies...

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Vallarta: Seeking Survival

Refugees: Though they won’t be traveling through Puerto Vallarta, and whether you’re sympathetic to the plight of droves of refugees seeking asylum in the United States, it’s beneficial to understand why they are heading in that directio...

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The Three Kings In Vallarta

Kings and Hidden Babies: Christmas isn’t over in Mexico until January 6th; Epiphany in Christian/Catholic circles, and another day to celebrate, eat, and drink. In Puerto Vallarta, you will find specials in restaurants, mounds of circular br...

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