Goal setting? Think big or think reasonable?

[Michael Guzik]

Hey guys goal setting we all know it is important and valuable but how do you go about it? Should you side with Grant Cardone's 10x thinking and create these huge "impossible" goals? Or is it better to think reasonably and set "obtainable" goals? I understand both sides of the coin and can see the value in both but I'm wondering what do you guys do and what works for ya'll? 

[Caleb Heimsoth]

Think of and strive for actionable goals. GC can be great but he also started with 350k for investing which will not be most people.

Most people may also not realize this but GC Is essentially a guru. He’s just not a real estate guru, he’s a sales training guru. It’s easier to be a sales trainer than to be good at actual sales. So I take a lot of what he says with a grain of salt.

He says investing in single family is a terrible idea. He also runs an apartment syndicating business, and wants investors, so clearly he has no ulterior motive for saying apartments are the greatest thing ever and the stock market and literally any other investment is awful. I’ve known people who have made millions in the stock market and have never touched real estate.

Long story short be skeptical of GC. He’s very entertaining but realize how he makes his money. He sells books, training seminars and all sorts of other stuff. Most of his money doesn’t come from real estate.

But wait you say, he owns over 600 M in real estate. Wrong, he manages that much. How much equity he has in that is unknown but I’m guessing it’s not a lot given just the other day I read here on BP that someone has invested in his deal and GC cashed out of it pretty quickly.

You get the idea.