All right, fellow real estate investors. Coming at you. I know you’ve seen this background a little bit. I’m doing all these videos in one shot overall. But we are coming to the end. This is the last secret that we’re doing. This is the last video of secret number 10. Again, I will implore you, I will encourage you, Keith Boley has put together some awesome, deeper level stuff for each secret that we’ve done. I’ve done some short clips, I’ve done some of my own tips, some of my own tricks, my thoughts to you guys. But honestly, one of the people that I learned from the most is Keith Boley and Roberta Eastman, inside REI Wealth Academy.
These guys have so much knowledge that they’re kicking out there. They have so much experience. They’re in the trenches, doing the work, learning on the fly as they go. They’re getting involved in new stuff to bring more value to REI Wealth Academy, plus they have locked down certain strategies of what they’re doing as well, so I encourage you to get involved in what we’re doing. Which gets me to the next bit about continued education in the last secret. And honestly, this is a big, big, deal for this topic in this video.
And it’s kind of split into two things, but be a good student. And what does that mean exactly? Do the work. If somebody has a done-for-you system already, then do it for yourself, too. If somebody has already learned the pain of failure, and got back up and done it again, failed again, got back up, tried again, failed, got back up, tried it again, learned 10 lessons to make sure they find that one success that’s taken them to a whole another level, why in the world would you repeat their same mistakes when they already have the solution there for you?
So do the work that they’ve suggested for you. There’s a ton of great information that we have inside each of our groups, each of our pieces of education that we have. We’re going to be bringing more to you. But these are all things that are again, from the trenches. And we’ll update them as things change, because things always do, but some things stay the same. There’s some stuff, I mean, if you look back for lease options, there’s stuff from the 1940s, ’50s. If you were to look back at old-school newspapers, magazines before the mortgage was a mortgage. I mean, a lot of people don’t even know the history of that stuff.
So, again, be a good student by doing the work. How can you evaluate something? And again, I’ll go back to the analysis that I kind of made of the person that’s paying, whether that’s a monthly fee, whether it’s a gigantic $15, $20, $30,000 fee, for a big mastermind … and you have two different people that you’re going to each different pay levels there. And one person takes that value and runs with it and just infinite return of value from what they put in. Versus the other person that put the same amount in, and they lost that money, lost that time because they never did anything with it. And the thing is, is it comes down in a lot of cases, that people doing the work and trusting the system. And you know what? If they find out that it still doesn’t work, they still actually have been putting in the work, they’re still not getting the results, maybe there’s something else that’s going on.
And then again, you know what? Even after you investigated that, maybe that’s the time to pull the plug. Again, you don’t want to get into the sunk cost bias to say, “You know what? I’ve already put in all this money into this and still not working for me.” If you’re honest with yourself and you have done the work, because that’s the type of person you are, and that I know everybody can be, if you’ve done it and you’re still not getting the result that you want, or you’re not anywhere even closer to getting it, you’re not at least satisfied with what’s going on, then don’t fall into the sunk cost bias and say,
“I’ve already put in all this money; I might as well keep going.” No. Dump it and move to the next thing.
Make sure that you’re finding … Take the lesson that you’ve learned, write it down. Make sure that other people can learn from you as well, because it’s better to learn from other peoples mistakes. It’s better to learn that, and that’s why we offer the education that we do inside REI Wealth Academy. So again, I implore you, get involved with REI Wealth Academy, do the work, get inside one of our groups. Wherever you find that you are led to, wherever you find that your next step is getting you to the place that you want to be. And all we are is taking you from where you are, where you want to be, and we’re just trying to help you bridge that gap.
With that, this is John. Make sure you follow us on reiwealthacademy.com at the blog, Facebook, REI Wealth Academy, and also the Roanoke Valley Real Estate Education Group. Make sure you’re getting connected, and I really hope to see you guys. Make sure we hear from you. I really want to hear you guys out there. I really want to know how well we’ve done with these videos, from your perspective. I know I’ve put a lot of effort into this. I know there’s great value in here, but I want to make sure that we are meeting your needs overall. With that, this is John, signing off. And we’ll see you next time on some new topics that we got going on here at REI Wealth Academy. With that, I’ll see you around. Take it easy.