Mindfulness matters. The more self-aware you become, the better your relationships and the more fulfillment you get out of life.
That’s why I take an entire week off at the end of every year, not to eat bonbons, but to reflect on the past 12 months, celebrate my wins and plan for the future.
On this episode of Financial Freedom with Real Estate Investing, I’m sharing my process for evaluating 2022 and looking ahead to 2023.
I discuss what we achieved at the Michael Blank Brands and Nighthawk Equity in 2022 and explain our goals for the coming year, challenging you to set aims in each of the same 7 areas of your personal and professional life.
Listen in for insight into the multifamily market outlook and get my advice for investors on where to look for opportunities in 2023!
Key Takeaways
Why mindfulness and intentionality matter
- Helps us develop self-awareness
- Better relationships, more fulfillment
What metrics I look at for my annual financial review
- Passive vs. earned income
- Personal expenses and taxes
- Investments
- Net worth
- Recourse debt
- Liquidity
- Financial freedom % number
- Contributions
The 7 areas of life I create goals for each year
- Health
- Spiritual development or contribution
- Lifestyle and adventure
- Family and relationships
- Financial, investment or material
- Environment or tribe
- Business
What the Michael Blank Brands achieved in 2022
- Invest in people to expand team
- Increase advertising spend
- Improve mentoring program
- Invest in affiliate partnerships
- Launch Deal Maker Professional
- Build high-end mastermind
- Help 30 people do first deal
What Nighthawk Equity achieved in 2022
- Bought 2 new deals
- Refinanced 1 deal, sold 4 properties
Our goals for the Michael Blank Brands in 2023
- Team and systems in place to execute on high level
- Become omnipresent (passive income, real estate)
- Build magnetic culture that attracts top talent
Our goals for Nighthawk Equity in 2023
- Buy 3 deals
- Look for opportunities in distressed assets
My outlook for the multifamily market in 2023
- Demand for class B and C stays strong
- Interest rates and loan-to-value normalize
- Lending resumes at normal pace
- Cap rates stay about same
My advice for multifamily investors moving into 2023
- Don’t be too aggressive or too conservative
- Look at a lot of deals, analyze mindfully
- Look for opportunities in distressed assets
Related Articles
Achieve Your Investing Goals With Affirmations
Morning Mindset Meditation (Beat the Sun)
Do You Have the Real Estate Investor Mindset?
Connect with Michael Blank
Apartment Investor Network Facebook Group
Email [email protected]
Resources
Reserve Your Spot for Deal Maker Bootcamp
Learn More About Michael’s Mentoring Program
Join the Nighthawk Equity Investor Club
Get on the Wait List for the Platform Builder Workshop
Watch the Recordings from Deal Maker Live
Access Michael’s Free Resources in the Freedom Vault
Review the Podcast on Apple Podcasts
Financial Freedom with Real Estate Investing by Michael Blank
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