Property investment lessons Part 8

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.

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Join now and the cost is less than a cup of coffee a week to manage your rental property

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Jason Gwerder
Monday, 31 January 2022

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