Rules to Live By

By Bruce Shawkey

  

100/10/3/1 Rule

For every 100 properties you look at, you will need to find 10 potential deals that will be profitable, from those 10 potential properties, submit offers to the top 3. From those 3 offers one will be accepted. Rinse and repeat. 

100 Hour Rule 

If you had 100 hours to invest into 3 buckets; 

#1 - What you're good at #2 - What you're average at #3 - What you're bad at 

How would you split those 100 hours? Would you split is evenly? When business minded people where asked this question, they said they would put most if not all of those 100 hours into what they're good at. Go all in on your strengths. 

10/10/10 Rule 

When you are feeling stressed or anxious about something, ask yourself the 10/10/10 rule. 

How will I feel about this in 10 minutes? How will I feel about this in 10 months? How will I feel about this in 10 years? 

Something may feel great today, such as sleeping in or eating unhealthy food, but this will make you feel bad in 10 years. Likewise something may feel bad within the next 10 minutes like going to the gym, but will pay off for you within those 10 years. 

5 AM Rule 

The early bird gets the worm. 

Most successful people wake up before the average person. The majority of people are most productive during the first few hours of waking up. 

2 Minute Rule 

If a task only takes 2 minute to complete.. JUST DO IT! Force yourself to give at least 2 minutes of the task at hand. For many just starting is the hardest part of the job. You may feel once you get those 2 minutes in you can put in more time in than you once thought.