Thinking about investing in real estate? Have you taken the time to reflect on your dreams and ask yourself: “Why haven’t I started yet?”
At some point in time, we are all paralyzed by inaction. We have great dream and aspirations, but we feel as if our feet are stuck in the mud and we can’t get moving. I often get the feeling that compares to the “chasing bad dream”. You know the feeling you get during a dream when you are running away from someone or something but just can’t seem to move fast enough? Sometimes that’s how we feel in business. We have a vision of where we want to go, but we just can’t get started.
The vast majority of successful businesses are not what we would classify as an “overnight success”. The most successful startup founders (some of whom are viewed publicly as an “overnight success”) have spent thousands of hours making their product and building their customer base. This applies to successful real estate investors as well. Most have built up their business steadily over time.
The size and timeline of the goal matters
If we make lofty goals to “Be a millionaire in 5 years” we are limiting our chances of success. This is because the goal is too lofty and long term for us to truly hold ourselves accountable. Goals laid out on a 5 year 3 year or even 1 year trajectory are tough to hit. Our mind sees each of these time periods as “long term”. When we think “long term”, its easy for us to give ourselves the excuse of “I’ll start tomorrow”.
I encourage all of you to start today. Whether you already invest in real estate or if you are just getting your feet wet, start today.
This means that you must come to terms with imperfection. Whatever action you take today will surely not be 100% accurate, right, comfortable, and safe. It doesn’t matter. Regardless of when you take action, you’ll never get it completely right. I encourage you to settle for the action that gets you 80% to your desired result. This is way better than hoping, wishing, dreaming and waiting for the magically day when you take action and become an overnight success.