Investor Cheat Code Podcast with Mike Simmons

258 – Positive Mindset


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Today we're going to talk about having a positive mindset. It can be tough to be positive in business; you're going to have setbacks and challenges along the way. I'm not going to tell you that you're never going to be upset in this business. It takes a lot of perseverance and drive. It takes someone who really wants to do better for themselves.

Especially in the beginning, it will be hard to stay positive because you might keep getting knocked down. But if you wallow in the negatives, you'll have negative experiences. You have to be able to smile and grin through things and accept that they're not always going to go right.

There's a saying by Henry Ford:
Whether you think you can do something or you think you can't do it, you're right.
So if you think to yourself that you're never going to find a deal or a private investor, you probably never will. It's a self-fulfilling prophecy.

I'm not generally an affirmations guy. I don't think that you can just tell yourself that things are great. But I do think that you're never going to get ahead by pouting. It's fine to get upset about something, as long as you can knock the dust off and get back out there. Realize that it's going to go better next time because you learned from your mistake and you're going to adjust and evaluate your methods so that it doesn't happen again. Over time, you'll know how to avoid most mistakes.

You really want to have a short memory in this business; if something goes wrong, don't wallow in it. You have to move on to the next thing and the next deal.
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