It's interesting as I move around property circles and talk to investors that there seems to be a huge shift in the last 18 months from "technique" to "mindset".
When I started investment education was all about what to DO to succeed. Strategies, negotiation skills etc. The reality is that you can get all that out of a few books. With the exception of new strategies like GBI's lease options there isn't a whole lot to learn in some respects. Yet that was what was being offered.
Problem is everybody has done all teh courses, learnt all teh techniques, but never got financially free.
However in the last 12 months especially many more people are realising the significance and critical nature of the right mindset and determination to succeed. I spend a lot of my time with students now helping them overcome their fear and reduce their stress, rather than teaching them how to handle RE agents and the like.
I hope there is more and more focus in this area as that is what enables people to succeed. Sorting our heads out is the greatest investment we can make in our investing success.
I met with a friend yesterday who commented on the money he had spent investing in himself and said that most of his friends/acquaintances thought he was nuts. Yet he has 4 million dollars worth of property geared at 55% while his friends rent!!
My wife and I spend more time/money on counselling and "headspace" now than we ever did before because we realise we can achieve a whole lot more, and have a lot more joy in our lives if we pursue wholeness in every area of our lives.
Thought for the day now over
When I started investment education was all about what to DO to succeed. Strategies, negotiation skills etc. The reality is that you can get all that out of a few books. With the exception of new strategies like GBI's lease options there isn't a whole lot to learn in some respects. Yet that was what was being offered.
Problem is everybody has done all teh courses, learnt all teh techniques, but never got financially free.
However in the last 12 months especially many more people are realising the significance and critical nature of the right mindset and determination to succeed. I spend a lot of my time with students now helping them overcome their fear and reduce their stress, rather than teaching them how to handle RE agents and the like.
I hope there is more and more focus in this area as that is what enables people to succeed. Sorting our heads out is the greatest investment we can make in our investing success.
I met with a friend yesterday who commented on the money he had spent investing in himself and said that most of his friends/acquaintances thought he was nuts. Yet he has 4 million dollars worth of property geared at 55% while his friends rent!!
My wife and I spend more time/money on counselling and "headspace" now than we ever did before because we realise we can achieve a whole lot more, and have a lot more joy in our lives if we pursue wholeness in every area of our lives.
Thought for the day now over
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