What role do our thoughts, feelings, and emotions play in determining our motivation, actions, and, ultimately, our results in the realm of real estate investing?
Trevor McGregor, a high-performance master coach, business strategist, and long-time real estate investor, provides invaluable insight into the industry's growing opportunities. This episode is perfect for real estate investors who are committed, decisive, coachable, and resourceful. We'll explore how to make certainty greater than uncertainty in challenging times by successfully navigating the final quarter 2020. Trevor also talks about his current portfolio, including oceanview property in Vancouver, Canada, condos and townhouses in Dallas and Austin, Texas, a hemp farm in Colorado, a luxury resort in Costa Rica, and modular homes throughout North America.
This podcast episode introduces a powerful formula to help listeners become successful in real estate investing. Based on the six critical letters of the alphabet - T (Thoughts), F (Feelings), E (Emotions), M (Motivation), A (Action), and R (Result) - this conversation provides industry insights from experts to help listeners master their mindset, avoid costly mistakes, save time and live the life they've always wanted. Discover the importance of having a cheerful emotional home to be motivated and achieve success in real estate investing, as well as how Tony Robbins' teachings can provide further insight into these topics.
Finally, learn why it is essential to take care of ourselves mentally and physically; be aware of our "state," "story," "strategy," and "standards," and stay in a positive mindset to move forward towards success. Tune in for actionable advice that can help you take control of your real estate investing journey!
[00:01 - 04:22] The Secrets to Real Estate Investing Success with the T-F-E-M-A-R Formula
• Four key elements to consider when investing: beliefs, values, rules, and emotions
• Six critical letters of the alphabet to help understand the investment process: T (thoughts), F (feelings), E (emotions), M (motivation), A (action) and R (result)
[04:23 - 08:27] Unlocking the Power of Real Estate: Understanding Your Six Human Needs and Raising Your Emotional Awareness
• Reverse engineering to get the desired result
• Six human needs: certainty, variety, significance, connection/love, growth, and contribution
[08:30 - 12:39] The Power of The Crazy Eight: How to Get Out of the Real Estate Crazy Eight and Go North
• The Crazy Eight concept has two sides - the left with real estate goals and the right with doubts, fears, anxieties, and worries.
• The choice is yours to spend more time on the left and less time on the right.
• Going south from the Crazy Eight leads to coping mechanisms, while going north leads to taking advantage of it.
[12:40 - 16:37] Choose to be a Victor over a Victim
• Coping mechanisms such as mindless internet surfing, excessive eating, drinking, taking prescription drugs, watching the news, and gossiping can lead to going south.
• Going north involves four Ss: State (physiology, focus, and language), Story (identity as a victim or victor), Strategy (following a recipe for success), and Standards (level of commitment).
• Motion leads to emotion; powerful language can help one reach a better state.
• One must choose between being a superhero or supervillain to go north or south.
Quotes:
1. "You're either going to be motivated to sit on your couch and watch Netflix, or you're going to be motivated to do some market research. Talk to some brokers, tell investors, write property managers, and get your act together." Trevor McGregor
2. "It's time for some of you