5 Reasons Your BFF Just Won't Succeed At...

bffs Hey Moguls, Cody Sperber here…

In this lesson, we’re going to take a look at 5 reasons why your buddy will never make it big in real estate investing. I know, I know, that sounds harsh…

But look, there are two types of people in the world – those who make it big and those who don’t. Which group do you want to be in? What group do you think most of your friends are in?

I’m going to point out a few reasons why your friends will probably never make it big. And, we’ll take the opposite of those reasons and apply them to your life and your real estate investing career... the things that aid you in being successful.

Let’s take a look at your buddy’s five biggest fails.

1. The Same Old, Same Old

This person may have grown up the same way they live today; they hang out with certain types of people; they maintain the same habits; and spend their lives making certain types of friends.

The saying is true that you will become the average of the five people that you hang out with the most.

If they’re not willing to break out of that rut and to surround themselves with people who are doing bigger and better things, then they’re never going to change but will only stay the same.

You, on the other hand, are out there on the cutting edge, learning new skills, meeting successful people and embracing positive paradigm shifts.

2. A Starving Mind

Early on in my career, my mentor told me to guard what I put in my mind because it’s the most important thing that I have. If your friend chooses to veg in front of the TV, hang out with friends who have low levels of dreams and expectations and spout negative thoughts and ideas, then they have a starving mind.

Does your friend choose to invest his time? Or spend his time? If it’s the latter, then he will never be a success in REI.

friend You, on the other hand, are the type of person with an insatiable thirst for knowledge. You are always in learning mode. Rather than vegging out watching mindless TV, you’re willing to go the extra mile to fill your mind with positive audios, videos and books. You’re willing to invest time by being in the company of those who are doing what you want to do.

3. A Risk Scaredy-Cat

No one wants to gamble with their money or their time. Especially when they believe there is a high probability that they will fail. Successful people take calculated risks and can do so because of education, skills and a good support system.

Anything worth doing will involve some degree of risk.

The risk-adverse person is hesitant to step out and take a chance, even on a calculated risk. Their fear of failure – their fear of rejection – keeps them from achieving any level of success.

My mentor used to tell me the difference between a pessimist and an optimist is that the pessimist is always right. The pessimist believes for the worst and the worst seems to always happen for that person.

Because you’ve invested your time wisely – studying, learning and taking action – you step out and take that calculated risk – even when you experience some degree of fear!

4. Junk in His Brain

Your BFF may entertain a boatload of negative thoughts. Rather than fight those thoughts, he lets them take over. Thoughts like:

I’m not smart enough
I don’t have the right resources available
I’m not technology literate
I might screw everything up
I’m not good at talking with people
I hate using the phone

These are just a few quick examples, but you get the idea.

laugh The truth is, everyone has to deal with self-limiting beliefs – I have them myself. The difference is some people camp there. They never take the initiative to fill their mind with positive thoughts; they never take the initiative to fight those thoughts.

You’re the person who refuses to lie down and take it. As a successful investor, you’re committed to fight the good fight. You rise up to fight those demons and you win in the end.

5. He Doesn’t Deserve it – or so He Thinks

Technically, this point would belong under #4, but it’s big enough to be put in its own category.

Your friend may believe that he doesn’t deserve any level of success, and should success come his way, he may be quick to somehow sabotage it. (Because his subconscious tells him he doesn’t deserve it, he repels it.)

Broke people nearly always believe in lucky breaks and, of course, they believe that it’s always other people who get all the lucky breaks. The problem is, they’re unaware of all the hard work and perseverance that goes on behind the scenes.

They fail to consider those times when that now-successful person was diligently practicing their craft. All they see is the glory that happens out in public. Generally, that person is not willing to put in that kind of time and effort, and thus, they seldom achieve their dreams.

You’re the person who’s convinced that not only do you deserve higher levels of success, you believe it’s your responsibility – to your family, your community and to yourself, to do so.

Widen the Gap

Don’t feel bad about leaving your BFF behind. You know where you’re going. Sadly, he does not. Now that the picture is clear, I encourage you to move forward and widen the gap even further.