B Invested

The importance of mindset.


Being successful is not just about how smart you are – it’s also about your mindset, says Nathan Birch, well-known property investor and founder of Binvested.


“We talk a lot about IQ in life, but I think one of the most important things is EQ – emotional intelligence,” he says.


But, this doesn’t just mean being an optimist. Having a success mindset involves cultivating a whole host of different qualities. It involves programming the way you see the world and life itself, in order to be the best person you can be.


And, if you can do this, you will have a much better chance at achieving your goals and living life on your terms.


Developing clarity.

Clarity is a key part of having a success mindset, says Nathan. Once you have clarity about where you are in life, and where you would like to be, you can develop a strategy on how to achieve your goals.


“If you have clarity you can always refer back to that – it’s like having a map.”


Rather than just drifting through life, a well thought-out strategy can keep you moving in the right direction. It can help you figure out if certain decisions will take you further from achieving your goals. And, it can help keep fear from taking over.


Removing fear from the equation.

Fear of failure or disaster is often the biggest thing that stands in the way of success. But, if you find yourself too fearful to take action, a well-planned strategy based on a solid understanding of your financial situation can help you stay focused.


If you can rationalise your fears and develop a plan that mitigates risk during every step of the way, this plan can help you make decisions based on logic rather than emotions.


Letting pride melt away.

Another big killer of success is pride. Those who are driven by their ego and who let cockiness stand in the way are more likely to see their plans disintegrate.


As the well-known saying goes, pride comes before the fall.


Those who are humble will have a much better chance of achieving success because they are usually more open to the ideas of others – and to the concept of self-improvement.


According to Nathan, the wealthiest place on earth is the cemetery because so many people take their hopes and dreams to the grave. Whether from fear or cockiness, they don’t achieve success in life – a sad tale that has repeated itself countless times throughout history.


Doing whatever it takes to get ahead.

If you look at a professional athlete or someone who is at the peak of their career – they will almost certainly have spent the bulk of their life working towards greatness.


Whether this meant working 14 hour days or getting up at 5am every day to train, they knew that if they didn’t do whatever it took to succeed – then they wouldn’t succeed. Simple as that.


If you want to achieve a certain goal in life, then you must work at it until you get to where you want to be. Perseverance is just as important as having clarity.


Staying focused on your goals.

It can be easy to get sidetracked by doodads and quick wins, says Nathan.


Priorities can get clouded and the advice of friends and family can often cast the most well-thought out plans into uncertainty.


It is important to stay focused on what you want to achieve. If your strategy comes from your own well-researched knowledge, you will have more confidence in what you are doing.


Programming mindset builds mental toughness, says Nathan, whereas, a poor mindset brings poor results.


“It’s rare that people do the hard things that it takes in order to get there.”


“A lot of people get sucked into the negativity of the media.”


Having clarity and confidence about where you are headed as well as the ability to stick at it when times are tough will help you stay focused on achieving your goals – no matter what life, or the media, throws at you.


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