Be “aggressively patient” to get what you want in life. Aggressively patient? These two words DO NOT go together. This oxymoron is an excellent mindset for life and investing . So, let me tell you what I mean.
It’s a Lifestyle.
Aggressively go after what you want in life.
Be patient for the right opportunities and have a strong willingness to say no. Be ready to adjust if facts on the ground are different from what you thought originally.
It’s like riding down a steep hill and feathering your brakes, getting the balance right on a teeter totter, or any other balancing act.
The “Aggressively Patient” Investor
Let’s take it in the context of investing . I’m a Real Estate investor by trade (and nature). When I coached RE investors, I taught them this “aggressively patient” concept. What it means here is you are AGGRESIVELY LOOKING for great deals every day. You are setting up systems and making connections with key people that can lead you to finding multiple great deals. But you are patient enough to only do exceptional deals that make sense.
Tim’s 10 Top Tips to help you be an amazing “Aggressively Patient” Investor:
1. Learn the cycles and where we are in those cycles
2. You can get more done in 5 years than you think and less done in one year
3. Become an expert- study other models. It takes 10,000 hours to become proficient
4. Know what you outcome want and what outcome you can live with when you do a deal
5. Know your identity. Find a model that works for you and play YOUR game
6. When you look at investments try to find why NOT to do it…Go Go Go Stop
7. You can only juggle so many balls at a time – add new ones slowly, and drop off those that no longer serve you
8. If you’re going to do it… Make it ELF – Easy, Lucrative and Fun!
9. Always be learning … Think “It doesn’t happen twice”
10. Bring others with you. Throw down the rope and LIFT humanity as you go!
~ Tim Rhode
Tim would tell you that he got off to a slow start. After growing up in the rural town of Portola in Northern California and barely graduating high school, Tim Rhode found himself at the age of 25 working as a grocery clerk with two young children to provide for.
He eventually found his “niche” selling real estate; and from 1986 to 2000, he sold over 2,500 homes and from 1997 to 2006 he invested in over 100 properties. Tim focused on saving money, keeping his expenses low, and playing solid “financial defense” which allowed him to basically retire, and he was financially free at the age of 40.
Not wanting to play hike, bike or ski all day, Tim threw his energy into his true passion: helping people thrive and live their most fulfilling life. He founded the nonprofit 1Life Fully Lived to help people of all ages gain the tools and skills they need to thrive and also co-founded GoBundance, a high-level mastermind, with David Osborn, Pat Hiban and Mike McCarthy to help healthy, wealthy, generous people lead epic lives. We have a women’s tribe now!
Tim has also authored numerous books and has been featured on a variety of podcasts and media outlets. He now lives near his children in the High Sierras with his wife and dog.
You can connect with Tim at www.TimRhode.com .