Have you read the Sunday edition of the New York Times recently?
Well, check out this unbelievable statistic…
The Sunday New York Times has more info than the average 19th-century citizen accessed in their entire life!
Crazy to think about, right?
Here are some of the reasons why:
- information is being produced at increasing rates
- available channels of incoming information is increasing (phone, email, instant messaging, social media, etc.)
- inaccuracies of information (watch out for this one!)
- pieces of info are unrelated or don’t have an overall structure relating everything together
So, here are the HUGE overarching problems with information overload for both newbies and seasoned investors:
- It can stop you dead in your tracks
- It can cause indecision and inaction
- It can cause action in too many directions
- It can keep you from maximizing your potential
- It can cause time to be squandered
- …
Patrick Riddle
has been investing in real estate ever since he got the bug in college at Clemson University and - to his parents dismay - dropped out of college to dive full-time into real estate at the age of 22 with a couple friends/partners from school.
The first few deals were rough for them, mainly using their own cash, credit, and hard money loans. But, soon he found out that was a rough and unsustainable way to build a real estate business.
After "on the job" learning through the school of hard knocks at first, he found the key that helped their company get deals done more quickly, with higher profit, less risk, without having to go to banks or use their own cash.
Fast forward to today, their company has closed over 130 real estate transactions and has put over $6 million in private money into their own transactions.