It’s all about the mindset

A lot of people believe that the only way of becoming rich is by winning the lotto or being born rich.

Well there is some truth about those statements however the most important thing that will allow you to become rich or not will alway be your mind.

The important thing that helps you build your investment and wealth portfolio is “YOU” and how you shape yourself up and withstand the pressures on the way.

How, if you are starting to invest in property as a newbie, then this is not to scare you but for you to be aware of what you think and how you think.

Investment journey gets challenging many a times, given one who invests in property, goes all in with their money and there are simply too many channels from where issues can come from.

When you start investing in property, issues hit from day 1.

However, if you now go with problem thinking i.e. “Why Me” or “This is an issue and am blocked so can’t do anything” kind of thinking, then there is little chance an investor will move forward.

Here is the deal:

If you now change that to outcome thinking i.e. “What do I need to do to resolve the issue to achieve what I want to achieve” kind of thinking, every possibility that an investor will move forward.

For above to change you need to focus heavily on three things:

• Inputs : What inputs are going into your investment journey
• Outputs : What are you achieving putting those inputs in
• Outcomes : What does it mean to you if you achieve what you want to achieve

Example

• Inputs : Loads of time, Property viewings/offers, sacrificed weekends and evenings
• Outputs : Will have a portfolio of “n” houses in few years
• Outcomes : I will be $3000+ well off every month and a cash profit of $20000 a year that can pay majority of my monthly bills and gives me time to spend with my family.

Most people confuse outputs for outcomes and stay stagnant with outputs with no tangible outcome.

Most of the investors are sold a dream and i.e. financial freedom within property investment.

I don’t know how many retrospectively look back and think this is all about financial freedom. I for one while I am sold into it, soon realised that there is nothing like freedom.

There is independence but not freedom.

Independence also comes with lots of caveats and that’s the truth.

Here is the thing:

You can achieve that independence when you are geared up to look at property investment as a business and run it like a business.

If you are intending to run it as something where you can buy few houses and earn enough to take care of your expenses, this probably isn’t for you.

Tune your investment mind to see property investment as your business and not something you are doing it as just a legacy to your future generations.

I hope this was helpful and remember if you need someone to talk reach out to PB Property and we will be more then happy to assist you. Book a time here.