Take ActionKnowledge when acted upon is power!!There are a lot of educated people out there who never become real estate investors. The problem is that they can’t take that next step. The step called Investing. Up until that point, everything else is just learning. Sure, maybe you are making some contacts but are they good contacts or are they people like you who “want” to become a Real Estate Investor but haven’t taken the plunge.
There is an expression that “knowledge is power”. There is also a more accurate expression that “knowledge, when acted upon, is power”. There are a lot of educated people who never learn to use that knowledge and to take action.
What stops people from taking action? The most common thing is fear. There are many different types of fear. Fear of failure and losing money and having everyone say “I told you so”. You wouldn’t believe how many people have “told me so” when one of my investments have gone bad. “Real Estate Investing is too risky” they tell me. They have no idea of all the successful investments I have made that far outweigh the poor ones. Sure I have some bad investments. That’s the cost of doing business.
There is an expression in weight lifting that says “the only reps that count are the last ones”. Well if you quit too early you never get to experience the effect of the ”last rep”. You put in all that hard work and you didn’t get to realize the benefits.
Sure, I still get a bit nervous when I am putting in an offer. My fear is that I don’t want to lose a good deal. I want to make sure everything is perfect. Have I offered enough? Or too much? Is it the right investment for me? It doesn’t stop me from putting in the offer. There’s no such thing as a perfect deal.
“Successful people are willing to do what others aren’t willing to do.”
Happy Investing
Jim Pellerin
Investor, Advisor, Speaker, Coach, Writer
© 2012, JimPellerin. All rights reserved.
