DREAMS DON’T WORK UNLESS YOU DO TOO
How can you make your property dreams come true? (Or any dreams you may have). Having a positive mindset, researching a strategy and finding the right people to help are all essential steps in turning your property dreams into reality.
Yet, these steps are still not enough. Without action and long-term commitment; without dedicating yourself to achieving your dreams, they will stay just that – dreams, and nothing more.
To make your dreams come true you must work damn hard. You must never lose sight of your end goal, and you must never allow yourself to become side tracked along the way.
After all, dreams don’t work unless you do too.
Here are seven things you can do to help you remain committed to working hard until you have achieved your goals.
1) REMEMBER YOUR END-GOAL
Make your dream part of your daily routine. Write it out and tape it up everywhere you are likely to see it; on the fridge, the bathroom mirror, your wallet, etc. You could even set it up as a daily reminder on your phone.
Live it and breathe it. This is what you are working for. This is the reason why you can’t allow yourself to get side-tracked.
Knowing this will help you to stay focused and committed to taking action. Any sacrifices you have to make along the way will be for good reason, because they will help you get there sooner.
2) ASK YOURSELF AT EVERY DECISION: “WILL THIS TAKE ME CLOSER TO ACHIEVING MY END-GOAL?”
This is a question that Nathan Birch, co-founder of BInvested and owner of more than 200 properties, is always asking himself.
He says it has the power to cut out ambiguity and make every choice clear.
If you find yourself tempted to use your equity to take a holiday, quit your job before your portfolio has matured or complete a luxurious home renovation – stop. Ask if this will bring you closer to achieving your end-goal, or if it will take you further from achieving it.
This question may save you from potential harm. Or, at the very least, it will force you to be honest with yourself.
3) THINK OF YOUR WEALTH CREATION STRATEGY AS BEING LIKE A FITNESS PLAN
If you want to get fit and lose weight, it takes more than just one visit to the gym. Becoming financially fit is the same. Just buying one or two good properties probably won’t generate the wealth you require in order to quit work or buy your dream house.
To achieve your end-goals, you must dedicate yourself to regular investing practice. This means sticking to a long-term strategy and building up your portfolio. It also means optimising your portfolio in order to maximise what you get out of it.
In five years’ time, do you want rock-solid assets under your shirt, or do you still want to feel bloated and financially sluggish.
Remember – “You only get out what you put in.”
4) THINK OF “SACRIFICES” AS “REWARDS.”
You may scoff at the idea of sticking to a budget as “treating yourself”, however, when you think about it, this is exactly what you are doing.
If you are making certain sacrifices now in order to improve your financial position, you are treating yourself to a better future.
You aren’t working hard and saving every cent to suffer – you are doing it to prosper.
Feeling happy with yourself for making these so-called sacrifices will strengthen your resolve to see out your strategy until the end. It will help you remain positive and confident that your dreams are already becoming reality with every dollar you save and every hour you work.
5) MAKE IT YOUR PASSION
It is always those who are truly passionate about what they are doing that make it big. If you love what you are doing, you will be more likely to put more into it.
Nathan has always described property investing as something he is highly passionate about. The results he has achieved are proof of this passion.
Spend your free time researching ways to achieve your goals even quicker – and love every second of it.
Make sure you stay committed to the path you have chosen, and avoid taking shortcuts – they often send you the wrong way. Instead, add in some “optional extras”, such as renovating or sub-dividing, that will turbo charge your potential for success.
6) CONSULT YOUR SUCCESS TEAM ABOUT WAYS TO MAXIMISE YOUR INVESTMENT POTENTIAL
Make sure to run any new ideas you may have past your success team first. They will be able to guide you on all of the things you need to consider – and should prevent you from taking the wrong steps too.
Consult your team regularly about ways to maximise your investing potential and keep your portfolio in optimal condition.
Investing isn’t just about buying the right properties, it’s also about getting the most out of them too. Always having your finger on the pulse will help you identify what you need to do to make your dreams happen more quickly.
7) CELEBRATE YOUR SUCCESS BUT DON’T FALL OFF THE BANDWAGON
Just like someone who celebrates weight loss by binging on cake, many investors will reward their success by indulging in a luxury purchase or two.
While it is important to celebrate the major feats you achieve, it is equally important not to lose sight of the big picture.
Don’t sacrifice all of your hard work by relaxing back into old ways. Stay committed to and focused on achieving your end-goal.
The best rewards in life don’t cost money – they aren’t “things” that you can buy.
Your true rewards will come when you can say “no” to your boss, when you can spend half the year traveling and when you can sleep in on a Monday.
If you are almost at this point – congratulations!
Now … keep going!