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:
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information is being produced at increasing rates
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available channels of incoming information is increasing (phone, email, instant messaging, social media, etc.)
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inaccuracies of information (watch out for this one!)
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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:
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It can stop you dead in your tracks
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It can cause indecision and inaction
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It can cause action in too many directions
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It can keep you from maximizing your potential
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It can cause time to be squandered
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It can cause opportunities to be lost
But, Mogul friends, Patrick Riddle here to share with some helpful solutions…
11 Ways to Overcome REI Info Overload
1. Focus on one niche or strategy until you’ve mastered it. Then, and only then, should you dive into other strategies.
2. Seek out quality info from just a handful of trusted sources. Remember, it’s quality over quantity.
3. Shut off your boob tube and radio… and enjoy a few moments of peace and quiet from time to time during your day.
4. Do one thing at a time. Multitasking doesn’t work.
5. Focus on “need to know,” not “nice to know” info.
6. If you’re on 15 different people’s email lists, consider whether you really get value from them. Are they providing you great content on a regular basis or just hemming and hawing about the new flavor of the week? Does the content provided match up with your current goals? If not, unsubscribe!
7. Disconnect yourself from your smartphone and email on a regular basis, every day, even for just a short time.
8. Know this: 80% of effects come from 20% of the causes. Focus on the 20% of the causes that make you money in real estate investing. (Look up the Pareto Principle and The Law of the Vital Few.)
9. Look at your daily tasks and ask yourself, “Is X, Y or Z relevant to my goals in business and life?”
10. When you’re sitting around waiting for your car to get serviced or you’re in a doctor’s office… make use of that down time. Don’t just sit there… respond to emails, check in with your team, etc.
11. Whatever you need to get done today, this week, this month… write it all down on paper. Get it out of your head.
See, not so bad, right?
Now, use these 11 tips to your advantage – put them into action and you’ll be well on your way to reducing info overload and being more productive.
Share Your Info
What are your tips for getting past info overload? Share below.
Shut down – your computer, smartphone, TV – take daily breaks from technology.
Review all the email lists you're on and reduce it down to only the most valuable that align with your business goals. Unsubscribe from the rest.
Focus on one thing at a time to be the most efficient – don’t multitask.
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.