Real Estate Investing
I spoke to a group of real estate investors about wholesale buying and selling. The meeting reminded me that many people never get started investing in investment properties. Why? Because of their fear.
For some people, fear can be a great motivator, for others it can virtually shut them down and stop them in their tracks. Fear can be a healthy emotion as it signals us to proceed with caution. This is a normal and healthy response that our body uses as a protection mechanism to keep us safe. However, we have to remember that fear is an emotion and emotions often can’t be trusted to be factual or true.
You have probably heard of the acronym FEAR. This stands for: False Evidence Appearing Real. New investors often imagine many things that could go wrong and then find themselves talking about the “what if’s”. This is the fear of the unknown and it can scare us right out of doing a deal. While it is important to proceed with caution, you should have learned how to put escape clauses into a contract, you still must proceed. Even if something does go wrong, most of the time it’s never so bad that an investor cannot recover.
Stepping out of your comfort zone when trying to do something new will probably make you feel uneasy, apprehensive and fearful. If you have never done anything like it before, it is quite normal for you to feel this way. But if you are never willing to step out of your comfort zone and pull the trigger, learn how to better yourself, and become more self-confident, you will never receive the feeling of accomplishment and the success that you deserve.
To overcome the fear that you are feeling, start educating yourself about the topic. Find competent instructors that can teach you what you want to do. All of the trainers at Rich Dad Education are experienced investors and they can help you overcome your fears. Seek out guidance from a Rich Dad Education Elite mentor or coach who can give you hands on instruction. You must be willing to act upon what you have learned under their guidance. Now evaluate what you have accomplished or not failed at, what went well and what can you improve upon? Can you raise your competency level? No matter how experienced you are, there is always another level to advance to.
Remember when you were a child and just learning how to ride a bike? It probable took you more than several tries to balance yourself on that two wheeler. You probably had a few bumps and bruises along the way too, but nothing life threatening. The same is true in being a real estate investor and investing in investment property. It may take you several offers before your first offer is accepted. However, that doesn’t mean that you should give up. You have to keep moving forward to become successful.
If you are teachable and willing to listen to your teachers, mentors, coaches and advisors you’ll be fine. Get the education and over time your action will equal success. Don’t allow fear to control you. Pull the trigger and get started now. If you don’t know where to start, then sign up for a Rich Dad Education Elite Training course or mentor. They will help you find the right path to start down.
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