I’m a full time real estate investor. Real property coach and mentor to some of the best real estate investors in North America and I am writing this blog from a vacation in Islamorado, Florida. I’ve been fishing on the plains and I want to share with you something that actually my mentor shared with me on the topic of vacations. That’s right, vacations can be positive. We’re going to talk about those.
Six Positive Effects of Vacations
Energizing
- The firstly and the most obvious is that it’s energizing
- Intending that it recharges your artilleries.
You know if you are stressed for a very long period of time, that has all kinds of negative consequences. First of all, it’s bad from a health position, but it’s also bad in that over time as you get counselled down from all that stress … You know what it can do? It can force you to manufacture bad decisions. Have you ever noticed that one bad decision can have all kinds of repercussions, so vacations help you recharge your battery. They’re enlivening and when you get done with a vacation, if it’s been done right, hopefully you’re more tighten and then you can make better decisions.
Encouraging
It’s also encouraging.
- Because it reminds you of what you’re working so hard for.
- It reminds you and it rewards you. Just looks just like you do with your minors. That’s the way humans and our brains cultivate, is we need to be rewarded when we work really hard. Emphatically reward yourself.
Enlightening
- My mentor was really big on vacations and one of the reasons why was not only the two I only gave you but this is a big one, amount three it’s instructing.
- What do you see when you’re on a great vacation?
- You see wealthy people. You see large-hearted barges and you see only the beautiful of nature and you see so many things that can help expand your imagination of what’s truly possible and what you can actually do in your life.
Example
I got a great story for you. My first real big vacation as a young adult was in college at spring violate. A acquaintance of mine had invited several of us to her, get this, her dad’s six million dollar home in Naples. They had a two million dollar yacht standing here. Here was the plan. All we have now do was get our butt to Naples and then we would then board their private yacht they had and we’d go all the way to Key West. Hang out in Key West for a few weeks and come back. We get to Naples. This was the first occasion I’d ever certainly interpreted capital before and there’s this enormous residence on the irrigate in Naples and I remember being only awestruck.
Well at dinner before we were to leave on the yacht, I remember asking a few questions like,” Well have y’all had the members of this house a very long time and did y’all “re growing up” here ?” That sort of thing and they looked at me crazy. They said well … This was the leader, he said,” You know when my spouse and I firstly got married we were living in a trailer .” A trailer! I entail it only took me totally by surprise. Throughout dinner he shared with me how they got to where they were. Literally in the span of twenty years such person or persons had become extremely wealthy. It was a game changer for me. Because it showed me what was possible. It magnified my imagination. It showed me that it is possible done. I remember that was really the catalyst to really get wise started for me in my life as far as wanting to be wealthy. I said,” Well if that guy can do it, I can certainty do it .” So a vacation can be enlighten, because it can expand your vision.
Emotional
- It can also be emotionally healthy.
- Because I have met some people that they feel bad about going on a vacation because maybe their friends or their family don’t have the same various kinds of financial situations so they can’t do it. They feel bad and they feel guilty. Maybe only because on a larger proportion, there’s billions of people in this world that don’t have the various kinds of commerces who are able to swaying some exotic vacation.
- You know that’s an undesirable relation with fund. Yes, return, donate, give back, but also have the ability to enjoy the favors that you’ve been granted upon. Make a vacation because it’s emotionally healthy.
Efficiency
- It’s also, and get this it’s an interesting one, it’s an effectivenes accelerator. It can speed up or accelerate your ability to be more efficient.
- How so? Have you ever observed title before a vacation you get incredibly efficient? You prioritize, you get acts done swiftly, the things that shouldn’t get done you set those off to the side, you get everything packed and you get everything organized, and you get everything done. That needs to get done in order for you to get onto that airplane or for you to take off on that trip.
Tip:
Well it was Zig Ziglar, one of his great time handling tips was this. He “re just saying that” you should consider every day as if it’s the day before you’re going on a vacation. Why? Because you’re so efficient then. What I want you to do next time you’re going on a vacation is the day before take a mental greenback of what you’re doing differently and bring that into other regions of your life and in fact almost everyday. Now obviously it can’t be everyday, because you can’t ever be only on totally efficient. Because sometimes you need to read and you need to educate, but by and large you have been able memorize so much from yourself and your ability to get so much done the day before a vacation.
Educational
That brings up the last one.
- Which is a vacation can be extremely educational. This is an interesting phenomenon that real estate investors can attest to and that’s this. When you go on a vacation it’s usually like as soon as you get to the hotel and what not.
- All the abrupt you get a text, an email, a phone call and the greatest possibility ever has just dropped in your lap. Has that ever happened to you? It’s definitely happened to me before.
Example
When I firstly started making vacations I had a real question because I didn’t know how to succeed that possibility. How to take advantage of it. Well over time I learned, I was forced to learn how to delegate and get other people to do acts for me because I wasn’t there and that is how it can be so educational for you. It can help you, it can patrol you to be a better delegator. I’m not just saying that you go hire a bunch of staff. I entail in a real estate slew being able to push off work on the closing company, on the mortgage intermediary, on these different parties that play a role, that channel you become a better delegator. Because we all know this to be true and that is the people that are the most wealthy have the most delegating the competences and are getting a lot of other people to get acts done for them. It can be extremely educational.
Time it Right
Let’s go back over the large-hearted six there. Six reasons why a vacation can be so potent and so helpful for you. It can be enlivening, it can be encouraging, it is feasible to enlighten, it can be an efficient accelerator, it can be emotionally healthy and it is feasible to educational. But with all that ability comes responsibility. Because you’ve got to time it well. Paul Orfalea he was the founder of Kinko’s who is currently Fed Ex Office and he said,” Do not underestimate the ability of a well timed vacation .” Well epoch. You’ve got to be tactical of when you make that vacation. Because it could go the other way.
Bad Timed Vacation
I mean if you take a vacation and you do it at the wrong time it can cause all types of questions. Not to mention the fact that you’ve lost a ton of fund from going on vacation at the wrong time, but also maybe “youve left” a lot of things hanging and then all the abrupt they’re worse off than when “youve left” and so now all the abrupt you’ve got this big mess when you get home. Well you’re more accented than when “youve left”, so you’ve got to time it well.
Helpful Suggestions
For me, I like to only go on vacations during the middle-of-the-road of the month in most cases. Not the beginning or the end. Because in real estate that’s when the closings exist. Although you can be a great delegator, it’s still a very good notion to be on the ground when a slew is closing in most cases. I like to go the locations during their down occasions , not their flower occasions. That channel I’ve got more hotel options, more flight options, those sorts of things. You may not have that luxury just yet. Because you have been able to minors in school and you may have a nine to five undertaking and you may have to go on vacation at the same time everybody else does.
Tip
I’ve got a quick tip-off for you.
Credit cards can be a great tool to solve this trouble.
That is if you applied all your personal and your business expenses through a charge card. Assuming you do it responsibly and you offer that off, you build up times or you get cash back. I want to bring up this quick tip-off because you’ve probably ever heard this tip-off before. I am a huge fan of times , not cash back. Why is that? Well cash back, if you get enough, the charge card companionship is going to send you a 1099 because it’s income, whereas times they won’t. So in other words times are like a pre taxation vacation. Cash back is like a pole taxation vacation. Does that acquire since? The Capital One Quick Silverwhen they talk about this big cash back substance, very big fan of times. Now you may not be in the same taxation bracket as me and that may not has become a circumstance of refer to you, but I’m a very big fan of points.
So strategic in your select of when you take the vacation. That’s critical.
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