from what I have found, those who are the strongest believe they have had it easy and those who are the weakest believe they have had the hardest lifes.
Has life been good - knock on wood yes but there are always ups and downs and a lot of resilience, my mindset is I cannot control the past only learn from it and to be a decent human being. Thankful for where I have come from, where I have been and view my presence on this planet as a once ina lifetime opportunity.
from what I have found, those who are the strongest believe they have had it easy and those who are the weakest believe they have had the hardest lifes.
Has life been good - knock on wood yes but there are always ups and downs and a lot of resilience, my mindset is I cannot control the past only learn from it and to be a decent human being. Thankful for where I have come from, where I have been and view my presence on this planet as a once ina lifetime opportunity.
I don't think it's absolutely black or white. However, out of the people I've talked to who are the absolute most driven, motivated and "make it happen" type of people, those individuals had some dark pasts in one way shape or form. Whether it be from their childhood, family or relationships (both personal and business), there has almost always been some deep stories that got them where they're at today.
Everyone needs something that pushes them initially. Those motivated by anger tend to make progress in leaps and bounds above any other emotion that I've seen.
My view almost matches @Chris Seveney with a little more explanation.
Unsuccessful people hit a hurdle and cannot clear it. They often think poor me. I got unlucky or someone $crewed me, etc. these little hurdles are excuses not to proceed. Life is rough on them because they are not equipped to handle these hurdles.
Successful, motivated people hit similar hurdles and they find a way to clear the hurdles. Even if the hurdles keep coming, they keep clearing them. As they clear more hurdles, they get better at it. The hurdles that are road blocks for the unsuccessful people are barely speed bumps for the person who has cleared dozens of challenging hurdles.
Housing currently has poor affordability. However I have been hearing this for years. Prior to 2022 q2, housing was more affordable than the bulk of the previous 50 years. Sure it was not as affordable as 2012, but historically it was affordable. Various hurdles prevented most wannabe RE investors from investing. Prices are too high. Housing is a bubble and going to crash. Interest rates are going to fall. Housing shortage, not enough supply. Too much competition. Analysis paralysis. Does not achieve the initial cash flow that I seek, Etc. Minor hurdles, but too big for some people to overcome.
My brother was a journeyman electrician. Went to college and an apprenticeship program making scale salary while working as an apprentice (meaning it increases the closer you get to journeyman and the day you become journeyman it nearly doubles) to become a journeyman electrician. He was a journeyman electrician over a decade when the state mandate passing a test to be a journeyman electrician. Brother has dyslexia. He took the test and barely failed. He was frustrated, demoralized, etc. so he let a lot of time pass before taking the test again to once again barely fail. Again a lot of time before taking the test again and again barely failed. after 3 failures, he gave up. I do not have dyslexia so I may not understand all the challenges that come with it. But if I barely failed, I would sign up for the next available test and study a little harder. Even if I failed 3 times, if that is my best opportunity I would not give up. He feels cheated. He feels unlucky. However, this is not the only thing he feels cheated or unlucky about. He feels he has had a rough life. I feel if I was in his position I would have cleared the hurdles, maybe not always on the 1st try. He believes I am lucky and things break my way Whether it is recognizing the value of information before it is commonly known or buying RE that appreciates substantially.
I feel lucky. I fell lucky that I am able to clear the hurdles put before me whether via hard work, intelligence, experience, or luck. I feel the world is full of opportunities. I have made a lot of money via 3 different paths. I feel there are more opportunities than I have the time or desire to tackle (plus at this point I tackle them because I find financial success to be my fun which is not as motivating as needing to house, cloth, feed a family).
I've been through many difficult times and situations and I know that I'm not the person I was as a young man.
It's the same with relationships. Strong lasting relationships have weathered many ups and downs. There has to be a willingness though to plow forward because without that one can be plowed under. Troubles can make or break.
How often I have heard people say, that when pushed into a corner with no way out the tough finds a way. I've certainly seen it often enough. These are those that even in the midst of the depression found a way to start and grow a business.
Been through many great, good, bad, and deplorable times, but it's all perspective.
The great times made me really realize where I am & to protect what I have, the good times gave me confidence to go harder but realize how quick it can all go. The bad times humbled me, and the deplorable times allowed me to learn the most. Bottom line is, life goes on.
“In three words I can sum up everything I've learned about life: it goes on.” – Robert Frost.
I'm not 100% sure. From the background I came from I would be a poster child success story, one of those feel-good movies maybe you see on TV. But there are people that had it a lot worse than I did and did just as well, and plenty that turned out to be bums. I've known some pretty good people that had it cake too. I think some of it is just how you were made. There are some pretty good scientific studies done on very young children, who haven't had time for life to kick them in the teeth, that bear this out. If you do not have the innate capacity to postpone gratification, or cannot learn it, you will be in a lot of trouble.
Even for how bad I had it, I consider that I'm pretty damned lucky, really. I was born in the most opportunity-rich country in the world. I didn't starve to death as a child even though we didn't have much. I grew up in an area and era where eradicating childhood disease was considered paramount. Society gave me a reasonably good public education, and we had roads to drive on to get places reasonably and my mother was always able to find a job even if it was a sorry one. My water was clean and safe and I didn't have to dodge warlord violence every day. I'm white. And a male. My grandfather was a hardworking, honest Italian who demonstrated that people who came from nothing could live a decent life.
So compared to most of the rest of the world, I won the birth lottery. I don't think I have any room to ***** or complain. I see opportunity everywhere I look. I'm disappointed more people don't take advantage of things right in front of their face, but I won't pretend to know their shoes either.
I would say the folks I see who are strong, all had pretty good upbrings but forced themselves to do hard things. With that said, I think there is a strong genetic/luck component to your personality which includes neuroticism (low neuroticism is likely the idea of mentally strong) and this question is ill defined (please define strong).
I would say the folks I see who are strong, all had pretty good upbrings but forced themselves to do hard things. With that said, I think there is a strong genetic/luck component to your personality which includes neuroticism (low neuroticism is likely the idea of mentally strong) and this question is ill defined (please define strong).
Maybe instead of ill defined, We could look at it as openly defined, in other words it can have the meaning that you personally give it.
Being an entrepreneurial person, leads me to for lack of a better term, let the horse have his head- meaning let's just see where this goes.
Your comment about many strong people not having an easy past related to investor mindset has wisdom.
While I do think investors who are passionate will find a way to overcome obstacles and keep going, there is something to be said about there being no effective substitute for someone having to overcome unknown setbacks to get where they are at for their strength and character.
I do pray all investors find their way to success in real estate with a minimum of drama.
One way to do that is to borrow the wisdom gained from experience from a trusted mentor who has seen their fair share of mountains to overcome to get to where they are at.
There's a reason that steel is forged in fire. It takes a lot of pain and hard times to develop strong character and disciplines but it takes a strong person to stay kind and loving still after all of that
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