THE TOP “5” MOST DANGEROUS TRAITS FACING ALL INVESTORS AND HOW TO “AVOID” THEM!
Negativity; is a quality characterized by a person who is habitually sceptical. Periods of negativity can affect all types of people regardless of their personality which can also affect their performance. It is important to spend time with positive people. Who you spend your time with has a great impact on who you are trying to be. Choose friends who you are proud to know, admire, love and respect. Complaining, blaming or criticizing will not change a situation and will limit your opportunities. Instead, spend your energy looking for solutions and acting positively. Every time you subtract negative from your life, you make room for more positive. It’s like a sunny day every day instead of a cloudy dreary dark day..
Fear and doubt; are the guiding forces within us which keep us away from potential danger. All people have feelings of inadequacy but having the habit of self-doubt or second guessing yourself can literally paralyze you from taking critical steps you need in order to move forward. When making decisions without knowing what the outcome will be, can be scary but very important to build your confidence. You cannot allow short term fear stop you from taking action because you will see that whatever the outcome, you will persevere. Would you consider that a gamble, perhaps, but life is a gamble not just investments. Hiding will not give you the growth you need so doubting yourself is not the answer.
Scarcity mentality; the belief that there is not enough to go around. When you adopt this belief, you put yourself in a defensive mode when other people achieve success and because of their success it contributes to your failure. The scarcity mentality is like a plague that will only cause one to self-destruct. There is enough real estate deals in the marketplace. Do not become vulnerable or lose your true vision. Keep focused and have the abundance mentality. Individuals with the abundance mentality reject the notion of zero-sum transactions and are able to celebrate the success of others rather than feel threatened by it. It arises from having a high self-worth and security which leads to the sharing of profits, recognition and responsibility.
2. Having Win-Lose Relationships
Think win-win, not win-lose. Win-lose is the competitive paragon; if I win, you lose. In relationships, if both people are winning, both are losing. A poor investor is one who believes that in order for them to become successful, they must make someone else unsuccessful or squeeze them for every penny. However, the true achievers understand that real estate is a long-term commitment and in order to be successful you must help others to do the same. All the people you meet on your journey to success, really will be the ones who helped you “win” the entire way.
The only way to become successful is to make a plan, stick to it and follow it through no matter how tough things get. You must continue to move forward. This is your foundation. . “It does not matter how slowly you go as long as you do not stop.” Confucius. Quitting too early and moving on to something new can only become a habit instead of a career. If you have a solid plan and a clear vision, your success is limitless. Having the perseverance or the continued effort to do something despite difficulties, failure or opposition only will put you on top of the game.
“Many of life’s failures are people who did not realize how close they were to success when they gave up.” Thomas Edison
Success is available to everyone. You have to listen to the experiences of others and follow what “not” to do and it will all fall in place.