Having the right mindset is critical to investment
success.
Your outside world is a reflection of your inside world because your thoughts
lead to your feelings, your feelings lead to your actions and your actions lead
to your results.
While knowledge is important, successful investors
take action. Don’t fall into the trap of analysis paralysis – there will always
be risks when making investment decisions.
There are always risks associated with investing.
Don’t be afraid of failing, because the biggest risk is not doing anything to
protect your financial future.
Sometimes negative experiences, mistakes, and failures can be even better than
success because they teach you something new which another win could never
teach you.
However, we are often so driven to get things right that we fail to see the
value in the things we get wrong. Instead, we spend our time wishing we had
done it differently.
Or not doing anything at all because their fear of making mistakes paralyses
us. If you get it wrong, learn from your mistake and make it count by doing it
differently next time.
One "failure” can – with time – help you create many successes.
Don’t waste your time worrying. Most things you
fear will happen never do.
They’re just monstered your mind. And if they do happen, most likely be
not as bad as you expected.
Time spent worrying is time that you could spend identifying opportunities and
taking action.
Never give up. You will have failures along the way
– in fact, I’m a real success at failure, but each time I’m knocked down I get
up again. You need resilience to be successful.
RealRenta
has all the tools that a property manager has, but
less than ¼the cost of a property manager.
Join now and the cost is less than a cup of coffee a
week to manage your rental property
RealRenta also has a free vision, so why not check it
out
Jason Gwerder
Monday, 31 January 2022
