How Relationships Hold Multi-Family Investors Back
Jul 11, 2024As a high-performance coach, I've seen firsthand how relationships can make or break a multi-family investor's success. This topic hits close to home for many of us, and while it can be painful to address, understanding the impact of our relationships is crucial. Our energy, focus, and ultimately our productivity are deeply affected by the state of our personal and professional connections.
The Energy Drain:
I've worked with numerous clients, entrepreneurs, and investors who have been in challenging relationships for decades. These aren't just fleeting issues; we're talking about years of feeling unsupported, unfulfilled, and unheard. When your relationship isn't thriving, neither is your energy. It’s fragmented and sapped, making it hard to stay productive in the areas that matter most. I've seen it too often: people stuck in relationships where they don’t confront the problems because it's too overwhelming emotionally and mentally, or feels hopeless.
My Personal Journey:
Let me share a bit of my own story. For the first six years of my marriage, my partner and I were distant. We weren’t meshing, and it felt like we were living separate lives under the same roof. It wasn’t until I learned and implemented new tools and strategies that we turned our relationship around. Now, we get along and feel enthusiastic about each other again. But that doesn’t mean we never argue—just last week we had a disagreement. The difference now is that we know how to work through it together. Rather than ignoring the problem, we resolve it, which brings us closer.
Business Relationships:
This isn't just about personal relationships. In business, the same principles apply. I've seen business partnerships go on for years with underlying issues, slowly breaking down the business. A partnership with the wrong person can wreak havoc, causing the business to limp along rather than thrive. Similarly, one wrong team member can set a business back significantly. It’s crucial to address these issues head-on rather than letting them fester.
Family Dynamics:
Family relationships also play a crucial role in our success. We've all heard that we are like the five people we hang out with the most, but do we really understand what that means for our daily lives? Often, the impact relationships have on us is subconscious. If you feel strained in a family situation, it’s likely affecting you in ways you’re not even aware of. For investors, thinking they can compartmentalize these emotional triggers is a common mistake. The truth is, you can't.
The Broader Educational Gap:
One of the reasons these issues are so pervasive is that we're not taught how to manage relationships. Just like we’re not taught about investing or money management, schools don’t teach us how to build and manage teams or handle conflicts. In classrooms, students mostly sit alone, listen, and do the work. Occasionally, they’re invited to work in teams, but that’s rare. Then we’re thrust into the real world, expected to know how to interact, build teams, and manage conflicts without any real preparation.
Taking Action:
So, what can you do? Improving the relationships in your life is crucial, and it's something you need to actively work on. I invite you to catch the replay of my Relationship Mastery workshop. This free, interactive workshop helps you assess the key areas where you might be struggling and provides a proven system focusing on six critical aspects of relationships. This isn't just another talking-head workshop; it's an experience designed to transform how you view and handle relationship challenges.
Investing in your relationships is just as important as investing in real estate. By improving your personal and professional connections, you can enhance your energy, focus, and productivity, paving the way for greater success in multi-family investing. Don’t let unresolved relationship issues hold you back—take the first step towards mastery today.
Have you ever felt like relationships are holding you back from experiencing your big breakthrough?
Perhaps it's a spouse that doesn't seem to support your mission. Or, maybe, you consistently find yourself dealing with unscrupulous investors who've left you wondering if you are even pursuing the right path.
Relationships are the cornerstone to feeling successful and fulfilled because:
- They touch every area of your life.
- They impact your decisions.
- They influence your emotional state.
- They have the power to push you to greater heights, or sink you to lower lows (if you let them.)
High performers make the mistake of thinking they can 'do-it-all alone,' and often end up alone as a result.
Don't let this be YOUR story.
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