I definately understand why so many newbie investors quit before even making a single deal. I've labored since last October trying to sponge as much knowledge as I can about REI, and to hopefully take the plunge and start making deals. Its very easy to get side-tracked with work, with family, and with life in general. Several times I've asked myself if it is really worth it. From reading posts by other people who have traded their 9-5 entirely with REI, I know it can be done. But the barriers that seek to hold someone like me down is like a weight on my shoulders. If the collective voice from my friends and family would be words of encouragement and support, I would no doubt already surpassed my first major milestone of making a deal. As it is, my wife has set my venture on a weekly roller coaster ride. One day seemingly a support figure, and the next being a nay-sayer.
On the way home from work late yesterday afternoon, I decided to research a part of my farm area. There are a lot of housing communities in about a 3-mile radius from my house. Houses range from the typical bread-n-butter types to emmaculate mansions. On my ride yesterday, I went through three of the b-n-b communities to start a log on houses for sale and rent. I will continue my research on a couple other communities each noght this week. Every week, I plan to revisit the comunities and make note of new houses for sale/rent, signs of houses being sold, tallies of house prices being reduced, and so on. All to get a better idea on my farm area.
Amazingly, it only took me about 30 mins. to comb all three communities. What I found interesting is there are not as many houses for sale as I thought. I calculated a total of 10 houses in three communities that probably contain 100-150 houses each - easily.
Shortly after arriving home, my wife started asking questions on some flyers I picked up. I told her what I had doen, and her remarks were nonreceptive to say the least. She doesn't keep me from continuing my REI venture at all anymore, but, like last night, she makes it known at times that my efforts are all futile. She interprets my researching and overall effort as a hobby not meant to blossom into a part-time job, and definately not a career. My only hope is that I can persevere and complete a single deal to show that this is not a game I am playing, but rather a signle victory in a string of milestones leading to my ultimate goal - financial freedom.
I can only hope.
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Thanks for the words of encouragement, Joe. Like I said, if she were 100% behind me - (heck, even 75%) - I would have definately done a deal or two by now. Now I know why you need to surround yourself with people who will support you in your venture. Its hard enough to break the everyday mold and be successful in REI, but even harder when those closest to you are not receptive to your venture. I understand some of her negativity as I was always skeptical of Carlton Sheets and the like myself. Another qualm she has is that it takes away a lot of precious time that I could be using to be with her and my daughter. And trying to tell her that to be successful will take a lot of upfront resources, but we'll be rewarded for the efforts 100-fold is a tough sell.
I plan to order my first set of bandit signs today or tomorrow. We have a mutual agreement when it comes to finances, and we always let the other know of any purchases we plan to do. We also go over our finances together at least once a week. So buying $99 worth of bandit signs plus another $xx for stakes will be something hard to conceal. Wish me luck! :-)
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