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Investing In Real Estate Podcast

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This episode is sponsored by Morning Invest! Morning Invest is the daily email that makes reading the investment news actually enjoyable. Subscribe at morninginvest.com

You’ve got ambitious goals. So you might be thinking you should have a Plan B in place should Plan A go off the rails. The reality is, having a backup plan can actually set you up for failure.

On this episode of Investing in Real Estate, I’m sharing why having a backup plan never works. You’ll learn the truth about your safety net, and why it holds you back. If you’re ready to actually reach your goals, tune in to episode 597!

On this episode you’ll learn: 

  • Why you should “burn your boat.”
  • How your backup plan keeps you from reaching success.
  • Why a 9-5 is not a safety net.
  • And more!

Why You Should “Burn Your Boat”

In Norse tradition, Vikings were known to burn their boats when reaching their destination. The point of this is to have no escape route and to face your fears head on. This is the same way you should approach your goals. If there’s no Plan B, Plan A has to work.

How Your Backup Plan Keeps You From Reaching Success

If you think you’ve got a safety net, you won’t commit 100%. You’ll always be one foot out the door. Thinking of alternative options stops you from working hard at your goals.

Why a 9-5 Is Not a Safety Net

You might be working on your business or investing in real estate, but you think of your 9-5 job as a safety net. In reality, a job offers very little safety. You’re building wealth for someone else, locked into strict retirement account, and you could be let go at any moment. The real safety net is building wealth on your own terms.

Episode Resources
Morning Invest
Financial Freedom Academy
Subscribe to Investing in Real Estate on Apple Podcasts
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

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Posted on

March 9, 2020

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