Why are some real estate investors who get into this busines so successful, happy, positive and charged?
And yet other's who start in real estate investing just don't seem to get it?
They're stuck in a rut, can't get started, sabotage themselves, etc.
In my view, the difference is in their level of confidence.
Those who have confidence move at a much faster pace, achieve success in their investing faster, build their cash flow, experience not only financial success but a personal growth too.
Those without confidence seem too afraid to do anything bold, move at much slower pace, achieve minor results, if any results at all.
If fact, most of the time these people don't know what to do. They try something, it doesn't work, they can't think of any other options or ideas to get it going again.
Well, the thing about confidence is - it's not God given.
When we venture into a new stretagy of real estate investing - we hardly know - we don't have much confidence - it's natural.
We gain confidence as we learn about the subject and apply what we learned.
There are only 2 fundamental ways to learn:
1) By doing, making mistakes, adjusting, persisting, coming up with solutions for a multitude of problems and continuing to move forward.
2) By doing everything the same way as above, except shortcutting the learning curve by absorbing the experience (ways to avoid mistakes) and smarts (ways to focus on things that produce results in leaps and bounds) of others who've gone before.
Why re-invente the wheel, just perfect it.
Which way of learning do you think successful real estate investors use?
You see, we can't avoid making mistakes altogether. But if you had a choice, would you rather not make basic fundamental investing mistakes? instead of repeating the same old mistakes over and over again?
There are hundreds of different things that have happened to a lot of beginner real estate investors in our industry and they have figured out how to deal with them (or better yet to prevent them). Here again, Why re-invente the wheel, just learn from others mistakes.
That's a no-brainer. Yet it's amazing how many people would rather befriend ignorance, by making and learning from their own mistakes all the way through thier real estate investing life
That's a long and tough road.
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