Hello Everyone, we hope you are having a great week! It looks like the cold weather has come in quite quickly this November. The kids are loving it with lots of snow play and getting excited for the Holiday Season.
For this post we are going to talk a little about getting ahead with a growth mindset. Specifically, understanding that being uncomfortable is a key part of success. Being uncomfortable and having fear go hand in hand as they give off varying degrees of the same response: uneasy, butterflies, stressed, shortness of breath, etc.. The key to these types of feelings is how we respond to them. Will they influence our decisions, or will our knowledge and understanding decide how we will move forward. If you have been to one of our events you have probably heard us say that what defines a good investor, is how they deal with the unexpected that may arise in real estate investing. It’s not a straight road to success, however with the right knowledge and training it has made more millionaires than any other investment.
Success is Uncomfortable!
We see too many times someone fearful or anxious of a perceived threat that may not be a threat at all, or do not know the tools available to deal with something that comes up that could be stressful. Most times we see people uncomfortable about the unknown, or how to deal with something that comes up when they don’t know how too. When you have experienced something uneasy or stressful, the next time you experience it, the stress and uneasiness is usually far less. Many people choose to avoid the stress or uneasy feeling even if there was a potential reward at the end of it. Think of renovating your home, if you live in the home while the work is happening, there are likely not many good stories you will tell others, but in the end you sure like living in the renovated home, as well as the value it brings. If you do 10 renovations, then they can almost seem like clockwork after that. With anything uneasy or stressful, we always coach our members and clients to try to sit back and compare the stress, with the result, and ask themselves “Is It Worth It?”. For example, we have experienced significant floods and other issues in our rental homes. These can be extremely stressful and costly. Had we sold those homes immediately afterward, we would have lost the property returns they generated for years to come. Said more simply, is a week or 2 of stress worth the long-term wealth that something can bring?
Two concepts that are extremely difficult are “Delayed Gratification”, and “Taking Action”. We live in a society that trains us to want instant gratification, but almost all the research tells us that better things come to those who wait. Scientifically, we know that those that can grasp and utilize delayed gratification (which can be very stressful), are usually more successful and more happy in life (https://jamesclear.com/delayed-gratification). There is much to be said about delayed gratification which we will likely discuss more in upcoming posts. The other concept of Taking Action seems so simple, yet we see countless people educate themselves, and continue to educate themselves on something, but do not take action. The Pareto Principle which is essentially the 80/20 rule which is prevalent in many things in life is very true here. One way of looking at it is that if you have 20% of the information needed to make the correct decision, then you don’t have enough information, however if you have 80% of the information then you may have took too long and missed an opportunity. The key is to find the right balance of knowledge prior to taking action. It will never be perfect in work or life, it may be uncomfortable, but of all that was said above, you cannot have anything if you do not take action.
Visit us at www.VenturePropertyInvestments.com and our pages on facebook or LinkedIn to learn more about how we invest in real estate to profit in both an increasing or decreasing housing market. Or contact us if you would like to learn how we are providing double digit returns for our partner’s and clients year over year.
Until Next Time,
Build Wealth. Live Life
If you haven’t come out to one of our events, feel free to visit our events page on our site at https://venturepropertyinvestments.com/events/. If you are just starting out, or a seasoned pro, come out to Learn and Network with others like you.
Martin Kuev & Chris Shebib are full time Real Estate Investors, Realtors and Wealth Coaches who have over 20 years experience in Real Estate. With multi-million-dollar real estate portfolios and a team built over the past decade, they left the corporate world to have the flexibility to spend time with family, continue their own real estate investments and help others build long-term wealth.
Both Chris & Martin are first and foremost Husbands, and Fathers. Both are actively involved with their families and each have 3 daughters keeping home life full of surprises.