Maximising Your Most Valuable Resource 

Time, as they say, is money. But in reality, time is far more precious because you can never get it back once it's gone. Investing your time wisely is crucial, especially in the property business.

Robert Kiyosaki famously said.  

“Wealthy individuals spend money to save time, while those with a poor mindset prefer to spend their time to save money.”

Understanding this principle can completely shift your perspective on how you utilise your time in your property ventures.

When starting a business, many people opt to bootstrap, doing everything themselves to save money. This was my approach when I began my property journey over two decades ago. While it worked initially, I soon realised that growing the business slowly wasn't the smartest strategy. 

Fast forward to when I launched Crowd Property in 2013, I decided to take a different route. Instead of trying to do everything myself, I sought investment to build a team and scale the business rapidly. The results speak for themselves: Crowd Property is now valued at £32 million and has funded nearly £850 million of property projects. 

The lesson here is clear: investing in the right resources can significantly accelerate your success. Yet, many property entrepreneurs still fall into the trap of trying to do everything on their own. While bootstrapping has its merits initially, it can hinder growth in the long run. 

One of my mentors, Brad Sugar, often said that not employing someone in your business is costing you a fortune. This rings true for many property investors who overlook the value that others can bring to their ventures. Whether it's hiring a virtual assistant or outsourcing property management, investing in support services can free up your time to focus on high-value activities.

For instance, instead of spending hours scouring property listings, consider using tools like Property Filter to streamline your search for motivated sellers. You can devote more time to finding lucrative deals and negotiating favourable terms by delegating tasks to virtual assistants. 

Moreover, as your property portfolio grows, it becomes impractical to manage everything yourself. While it may seem cost-effective initially, the time spent on property management could be better utilised in sourcing new investment opportunities. 

Adopting a value mindset over a cost mindset is crucial for long-term success in property investing. Instead of fixating on the immediate expenses, consider the value that investments in time-saving resources can deliver. 

So the next time you find yourself overwhelmed with tasks, ask yourself: is this the best use of my time? By prioritising high-value activities and delegating or eliminating low-impact tasks, you'll be on the path to property success.  


Share this Post

Invest with Knowledge, Invest with Skill.