BiggerPockets

Motivation

Thursday, October 16

Recently on our radio show, one of the subjects we spoke about was motivation and how important it is not only in the real estate world, but also in life. I have included some sayings which my partner and I like very much, not only as metaphors, but to actually apply them to life and to your real estate investing goals. So here they are:

The rich act in spite of fear while others allow fear to stop them.

Rich people do what others think about doing.

Comfortable does not equal growth.

The greatest mistake in life you can make is to continuously be afraid you will make one.

These phrases point out the necessity to get over the "fear hump", jump off the fence, and take action. Many people say that they are afraid to make a decision to move forward investing in real estate (or anything else for that matter). What they do not realize is that they HAVE made a decision - that decision was to do nothing. Now, they may not lose anything per se, but they most certainly will not gain or grow either. Therefore, having the motivation to get paste fear and all the negative comments from others is the only path to success. Successful investors are just that because they take action, not because they "know secrets" everyone else does not. That is just guru propaganda. While education is very important, getting experience is where you will grow rapidly.

How does one get experience you may ask? Start with education and then align yourself with a mentor or team members who can guide you to the path of success, which is taking action! It will start with identifing your specific goals and then deriving a plan or path, if you will, to get you to that destination. Remember, he who fails to plan, plans to fail.

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