“Ready, Fire, Aim” Millionaire advice :)

[Kyle Curtin]

Goooooood morning everybody!

Recently I was on one of the Zoom calls in a mastermind group that I am a part of where a member of the highest tier of the group was presenting his story to a bunch of the members of the lower level (myself included). To be in the highest level of the mastermind, you are required to have at least a net worth of over $1m.

This individual that was telling his story was extremely well versed in REI in addition to having his own business, and was sharing absolutely golden tips during this one particular call. One of these tips being having the "Ready, Shoot, Aim" mentality.

This concept was extremely eye opening to me. Essentially the way he described it, it is certainly crucial to do your due diligence when jumping into a project/venture, but you WILL NOT know A LOT when you first begin. If you take real estate investing as an example, we often read books, listen to podcasts, have conversations with other investors, etc. which is phenomenal for absorption, but you don’t truly learn until you jump in with both feet and buy that first property and experience it first hand.

He mentioned that something that the wealthy often do when starting a new venture is to learn about that asset & asset class, do the due diligence & analyze the opportunity, fire and take action on it if applicable, and course correct as time goes on.

I completely agree. If you analyze an opportunity TOO MUCH, you will watch it pass by you and someone else that chose to fire and aim afterward can snatch it from under you…. In many situations it will not make sense to shoot your shot- numbers & projected returns do not make sense, SOW is incredibly over budget, etc. This is extremely situation dependent, but if you run the numbers on the asset it looks alright, take action and figure it out as you go :).

What is important is learning as much as you can, accepting that you can only know so much going into an opportunity, fire and take action, and then course correct as you go and keep the momentum moving forward… You will get kicked around a bit and learn lessons and pay your tuition, it’s part of the game! What is important is taking action! You will survive!

Have a great day guys! Go kick butt!!