You either make money or you make excuses, you can't do both

Pleasing methods or pleasing results – one of our virtual mentors said that and she was right. Successful people focus on pleasing results, everyone else focuses on pleasing methods.

You either take steps towards accomplishment or you wallow in regret. Action is always in the PRESENT moment.

It's said we often overestimate what we can do in 1 year and under estimate what we can do in 10 years.

Where will you be in 10 years?

• If you took no action, how would life look like in 10 years?
• If you did take action, how would life look like in 10 years?
• In 10 years, what would you have liked to have known TODAY?

The 3 W's

• What do you pour in your mental garden?
• Who do you surround yourself with? Jim Rohn says, we are an average of the 5 people we spend the most time with
• Where is your focus? Is it saving a few bucks or is it to move forward and build a financial future for your family, that nothing can get through?

Talking to a lot of people, often people focus on "saving" than expanding.

What does the best deal constitute of, for you?
A 'best deal' to someone may mean getting a cheaper interest rate, however depending on the current policies it can also mean….

• Inability to access funding
• Increased risk and reduced flexibility
• Choosing structures that inhabit any future expansion for the portfolio
• Greater effort to change structures

There are 2 types of people -
1) those who take action regardless of the hurdles and
2) those who focus on saving a few bucks

Our experience is, most people are in the latter camp and would rather save a few bucks, than think holistically and focus on the big picture so they can build wealth. Anything worthwhile takes sacrifice.

3 of the reasons we hear from people for not moving forward are:
1. Convenience – it's too easy to stay where they are
2. Focus – focus on what the 'cost' is and not the 'value'
3. Not having a big enough "why" – when your "why" is big enough your "how" is easy

Questions for you

• How have you personally worked past any mental hurdles?
• When did the penny drop for you? [For us it did at 23 years of age when one of our entire (almost) teams was retrenched from a large project]
• How do you differentiate between cost and investment?

 

I use the BHS method.

Buy........as cheap as possible
Hold........for say 10 years
Sell..........for maximum price

In a nut shell, this is what it's all about.

 

Good thread.

Don't under estimate the power of positive thinking.

ROI (return on investment)

 

Excuses are expensive. You either keep the belief or you keep the money - not both

 

I like to ask "Are you interested or committed?" Same, same but very different.

 

The penny dropped for me at 32. A relation told me her parents have retired at 50 with a passive income of just over $200k. They are hard working people who started out with modest income and education.
They worked, saved, bought a small business, sold, another business, rentals, finally - commercial properties owned outright.

 

I generally find that those that can do, just get in and do it and make a success of it. Its the people that are all bluster and prancing ponies and no action that come undone.