Property Investors Shouldn’t Get Analysis Paralysis

  • Property Investors Shouldn’t Get Analysis Paralysis

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    What’s the biggest difference between the self made millionaires and the people that just dream about it?  Is it their upbringing? Is it their starting capital? Is it their education? Is it their genes?

    Perhaps the biggest single factor is found in the fact that the self made millionaires are doers, where as the other people are dreamers.

    If you haven’t bought your first rental property or renovatation project yet – then why haven’t you?  If you have bought five properties do you have your plan set in stone to make it 10?  If you don’t have your propert goals how are you going to achieve them?

    Property Investors

    The truth is we all have goals in someway, even if we don’t speak them out loud.  Our minds race with different goals all the time (well I know I do anyway) and some goals are stored away in a special place, in our mind, in the hope that one day they will be achieved.   But if they are just stored secretly they will probably never be realised.  You have to take them out of their secret hiding place and make them known.  Write them down and let your eyes view them on a piece of paper.  Let your fingers feel a pen writing every single letter.  And let your mind imagine them complete.

    “The World is changing very fast.  Big will not beat small anymore. It will be the fast beating the slow.”
    -Rupert Murdoch

    Are you fast or are you slow?  Do you see others around you that started out at the same place in life as you, but who have far surpassed what you have accomplished?  Why is this?  What are you going to do today to change this?  NO – not what are you going to do tomorrow or next week – what are you going to do today.  In fact what are you going to do right NOW!

    I am not saying you should open a newspaper and buy the first property you see.  What I am saying is right now, right in this moment what are you going to do to make your dreams come true, what action are you going to take right now?
    The action could purely be a thought and decision that you are going to view five properties a week every week without fail for the next five months;  Or that on Monday you are going to join up as a member of Experian to find out why you where refused credit for you first mortgage.

    The decision is the key, do not leave this moment without making it.  A thought that turns into a TRUE decision is already action.  It is just action that has been completed in the future and it is just a matter of time before you reach it but it is already set in stone just waiting for you.

    “One of the biggest reasons people don’t attain their goals and dreams, isn’t because they don’t have the ability, far from it, it is because they are afraid of making mistakes.  They either want everything to be perfect before they start or they beat themselves up to the point where they give up at the slightest failure.”
    –    Carlton Johnson (me )

    Are you afraid to fail?  Are you a perfectionist paralysed by their own perfectionism to the point where they don’t take action?

    The key to failing but still succeeding is to fail small.  Let me repeat that.  IF YOU ARE GOING TO FAIL – FAIL SMALL! Don’t put your entire life savings into one make or break property deal.  Yes some people do this and succeed.  But many more fail and are wiped out to a point where they never try again.

    You need to take some risk and you need to fail sometimes, failing is one of the best ways to learn. But don’t get knocked out in the first round.  Build up your knowledge; learn about your opponents and where to hit to get the best results.

    Learn when to duck parts of the property market, such as new builds, and hold onto your cash for a little while and learn how to analyse so that when you do go in for the kill you have a better chance of succeeding, getting stronger and building your confidence; instead, of being knocked out cold and unconscious on the floor in the first round with no hope for a rematch.

    What decisions are you going to make RIGHT NOW, which are going to propel you towards your goal?  If you don’t make the decisions right now, will you ever make them?   Or are you going to be one of the slow ones off the mark, who watches as others pass them by.

    What sort of life do you want to be living in 1 year from now, in 3 years from now, in 10 years from now?  Are the actions you have taken up until this point driving you towards this dream?  If there not, then now is the time to rethink, make TRUE decisions and take massive action.

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