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You can build your fortune, starting today, if you use a simple timetable. In this article I will reveal the amazing power of creating and following timetables.

Your timetable is a plan for what you aim to accomplish, and when you?re going to accomplish it. Why is a timetable so important? It?s important because it tells your mind that you have got a project and a goal that you?re chasing. It?s fixing the plan in your mind.

The timetable?s important because you?re seeing ways that it can be improved. You?re giving yourself a strong push toward success. You?re directing your energies towards your specific wealth generation goals–instead of wandering around and mistaking movement for achievement.

Let?s say my target is to buy my next house within the next three months. No matter what, I am going to make those deals happen. No matter how many calls I have to make. No matter how many people I have to see. I will have my contract within 90 days. That?s building a timetable. Timetables will give you freedom. Are they a little overwhelming? Yeah, they are. However, those who are successful push themselves to be greater than they ever thought they could be.

Now you need to decide on the ?when? of your timetable. You can leave your job when it is costing you too much money to stay there. But you?ve got to understand that you need to replace that lost income on a regular basis.

One of the biggest mistakes I see with young investors is that they don?t understand that they have to have cash flow monthly. What you might want to do is establish an income goal for your foreclosure investing business. So you might strive to create 50 cents of income doing foreclosure deals for every dollar of your regular income.

For example, if you make $50,000 a year in your current job, you are going to figure out a way to make an additional $25,000 that first year in your foreclosure investing business. Year two, you make one dollar for every dollar, working the same amount of time. Yes, this is possible, especially with real estate. Now you make $50,000 in your regular job and $50,000 in your part-time job.

Year three becomes the year that you may actually quit your regular job. Once you can get to 150 percent of your regular pay, it?s time to quit. For example, if you?re making $75,000 to your job?s $50,000, you?ve made it. Make sure you can do it on a consistent basis, of course.

Also, take into account the benefits that your regular job pays you. When you work for yourself, you don?t get health benefits, you have to buy them. You don?t get matching 401k benefits, you have to invest yourself. However, setting timetables and disciplined strategies will lead to great wealth generation.

About the Author

Paul Wells has been investing in foreclosures full-time for more than 5 years. For more foreclosure investing secrets like the one in this article, subscribe to Paul’s Free Bank Foreclosure - REO Investing course here: http://www.FreeBank Foreclosure - REOInvesting.com

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