One of my favorite lessons taught by Stephen Covey is to "Sharpen the saw."
In 2008, when the housing market was collapsing, I paid just under $20,000 to enroll in an unaccredited real estate investing school. I was self-taught since 2003 and felt I knew enough, but also felt I had plenty to learn. I figured the investment would pay for itself over and over again. One of the things you could do by enrolling in the school was to enroll other people as well. In return for enrolling others, you were enticed with nearly a $10,000 pay day. A catch was that you didn't start collecting the $10,000 per student sign up until you signed up at least 4 people. The idea was that you could use this opportunity to help others learn about real estate while at the same time pay back your cost for the school and then save up for your first deal. It was a great business model, in my opinion.
Within the first 4 weeks, I had 3 family members and a friend sign up for the school. Everyone felt I was "on fire!" I felt like I had used up my "hot market." However, I pushed and pushed, seeing that now that I'd signed up 4 people, I could start earning the "big money" by signing up others for the school. I pushed very hard. For over a year, I ate, drank, and breathed this company. Still, after all that time, and after showing dozens of people the opportunity, I had not signed another soul! I was beyond frustrated, because I had several commit, then back out when it came time to pay. I "knew" within my soul that if I just kept going, I'd eventually get someone to sign up. My mentor then pulled me aside and said, "You need to sharpen your saw." I didn't know what he meant, so I asked for clarification. He explained its meaning and it was logical to me. I took some time away from the selling side of the business and focused on the real estate side. It tore me to "take a break," but it was what I needed. It was what my heart needed.
Covey's book was inspirational to me. It still is. Just this week, I suggested a co-worker sharpen his saw. When he didn't know what it meant, I got to explain it to him. It felt great to give back with this advice.
This week, I also listened to the Kindle read the assigned chapters in the book
Mastery. The main take away I'm getting from my readings is to keep at what you believe in. Mastery takes place by continuing toward improvement. The videos and readings push passion for what you believe in. These are ideas I'm passionate about ;). I have been working 60-80 hours a week for 14 years working on my own side businesses and working for my w2. I'm starting to learn more and more that if I can lessen those hours a little, my family relationship will improve. I'm starting to also see dividends, financially, in the work I've done in all those years. I can finally "take a break." The good part is, I've started to turn my side businesses into things I'm already passionate about. It's almost good enough now to say that by working my passion, I'm now making money because the things I'm passionate about earn me money. I think this was the point of this lesson's readings. I'm glad I'm headed in the right direction.