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What Stops Most People?
Sometimes the hardest step is anything is the first one. The fear and trepidation can cause folks to procrastinate indefinitely, or worse, not get started at all.
This is why an entire industry has sprung up around teaching people how to invest in real estate.
Folks spend their hard earned money on seminars, books, and courses learning how to become rich by investing. Of course there is always value in education, as long as you aren’t substituting education for action.
A lot of people fall into this trap.
The ultimate goal of education is application. Knowledge without action is useless. In the beginning, whether out of fear, or great marketing, a lot of people become seminar junkies. They attend every meetup, every event, they know the material inside and out, and yet somehow they still haven’t moved from student to investor.
It’s been said that the antidote to fear is education. While that is correct, it’s incomplete.
If you look at action as having a before, during, and after, or beginning, middle, and end, education is just the middle, or during part. The end/after is the result, in this case, becoming an investor, but where do you actually start?
You must begin with intention!
Here’s what I mean, you absolutely must begin with the end in mind. Where are your investing goals going to take you? If you don’t know why you’re becoming an investor, it will be far too easy for you to get derailed by fear or setbacks.
Having a long term plan in place gives you something to focus on and get excited about when things don’t necessarily go as planned. Stuff always comes up, how much focus and attention you dedicate to it determines how big it is. Having your goal on the other side of it means the difference between a speed bump and a wall.
On today’s episode of the “Investment Property Income” podcast, we break down the steps to becoming an investor, talk about some of the emotional pitfalls, and ultimately how to take that first step toward your goals.
I hope you get as much out of it as we did.
www.guidetothegrind.com
View all episodes
By Jonathan Tillger & Geoff Edie
5
22 ratings
Sometimes the hardest step is anything is the first one. The fear and trepidation can cause folks to procrastinate indefinitely, or worse, not get started at all.
This is why an entire industry has sprung up around teaching people how to invest in real estate.
Folks spend their hard earned money on seminars, books, and courses learning how to become rich by investing. Of course there is always value in education, as long as you aren’t substituting education for action.
A lot of people fall into this trap.
The ultimate goal of education is application. Knowledge without action is useless. In the beginning, whether out of fear, or great marketing, a lot of people become seminar junkies. They attend every meetup, every event, they know the material inside and out, and yet somehow they still haven’t moved from student to investor.
It’s been said that the antidote to fear is education. While that is correct, it’s incomplete.
If you look at action as having a before, during, and after, or beginning, middle, and end, education is just the middle, or during part. The end/after is the result, in this case, becoming an investor, but where do you actually start?
You must begin with intention!
Here’s what I mean, you absolutely must begin with the end in mind. Where are your investing goals going to take you? If you don’t know why you’re becoming an investor, it will be far too easy for you to get derailed by fear or setbacks.
Having a long term plan in place gives you something to focus on and get excited about when things don’t necessarily go as planned. Stuff always comes up, how much focus and attention you dedicate to it determines how big it is. Having your goal on the other side of it means the difference between a speed bump and a wall.
On today’s episode of the “Investment Property Income” podcast, we break down the steps to becoming an investor, talk about some of the emotional pitfalls, and ultimately how to take that first step toward your goals.
I hope you get as much out of it as we did.
www.guidetothegrind.com