Monday Morning Coffee Jan 7

Welcome to 2019 and another strong year in housing!

National Association of Realtors (NAR) showed signed contracts on existing homes (known as pending sales) slid in November. Though this is usually a negative sign, the NAR’s chief economist feels “the latest decline does not yet capture the impact of recent favorable conditions of mortgage rates.” He sees “steady longer-term growth potential” for home sales.

The chief economist at “Freddie Mac” agrees: “the economy remains healthy, so the drop in mortgage rates should stem or even reverse the slide in home sales that occurred during the second half of 2018.”

And Here’s Your Monday Morning Coffee…

“Keep your head up in failure. And your head down in success.” ~ Jerry Seinfeld

1. Fail small. Fail fast.

Brad Szollose, who wrote “Liquid Leadership,” says Millennials were raised on video games, in which the only way to succeed was to fail again and again.

That’s why Millennials work so much faster than Boomers – they fail fast.

Boomers need to be “perfect” – which can take forever, if you let it.

2. Set tiny goals. Really little ones.

Your brain may ridicule you, but you will actually re-wire your brain for success.

A successful author told a young writer, “Write 20 minutes a day.”

When the young writer protested that 20 minutes wouldn’t do anything, the famous author replied, “You’d be amazed at how much I can write in 20 minutes a day.”

Before the show about nothing, Jerry Seinfeld was a young comedian on the stand-up circuit. His first time on stage didn’t go so well. On seeing the audience he froze and was booed and jeered off stage.

His choices: pack it in and accept comedy isn’t his thing or return to the same stage the following night and have the audience in hysterics.

He opted for the latter and went on to become one of the most successful comedians of all time.

One reason for his success is that he is known to write more jokes than anyone else. How?

Each January he gets a calendar and hangs it on the wall. He writes jokes every day.

When he’s done, he marks that day with a big red “X”.

The idea is not to write jokes. The idea is collect an unbroken string of red “X”’s.

This technique is astonishingly effective. It is a great way to help yourself through that path from failure to success by having small successes every single day!

Seinfeld says “I want those red “X”s, so I do what I need to do to get them!” ~ by Ann Convery