Entrepreneur and author Ed Mylett just bought an island. He’ll develop the 100-acre property in Maine as a legacy for his family. It’ll have a golf course, a grocery store, multiple homes, and more. Mylett believes it will be the greatest property in the world. It’s the kind of asset that most people can only dream about. But fortunately, he isn’t shy about disclosing to hopefuls the guiding principles that led to his success.
As a guest on the BiggerPockets podcast, Mylett explains why 2022 is the perfect time for new and smaller investors to snag lucrative real estate deals and highlights the attitudes and behaviors necessary for investors to reach their goals. Mylett himself made some of his best deals in the kind of recessionary market that most people think is ahead of us, and with the right mindset, he believes others can mirror his success.
Hacking Your Reticular Activating System
According to Mylett, the thought that your goals are far out of reach is a lie and one that people tend to perpetuate with their behavior. The reality is, he says, that “You’re one decision, one new deal, one relationship, one encounter, one meeting, one podcast, one book, one thought, one new emotion from completely changing your freakin’ life.”
So how do you realize your goals are closer than you think? It’s all about your intention and what that does to your reticular activating system.
The reticular activating system (RAS) is a bundle of nerves that brings to our attention the things that are relevant to us while filtering out what doesn’t matter. It’s why Mylett says he started seeing Teslas everywhere once he bought one of his own, and it’s the system that lets you hear your name in a loud crowd.
The strategy for success involves setting an intention to find specific deals or reach certain goals, which gets the RAS to focus on the information that will help you fulfill your objective. It requires you to cast away self-doubt and maintain…