We are already into February — one month gone that’ll never be back.
What are your resolutions & dreams for 2016?
Are they written down? Have you set a plan in place and are the steps to achieve this in the right sequence? Can you afford to do it? Is it purely emotionally based or realistically achieveable based on your unique position?
These are the type of questions you need to answer to refine each goal so they become more achievable. I have found that people who achieve more are focused, have a big picture yet operate in the now to get traction with steps towards each goal, make informed decisions and reduce anxiety about doing things by completing good research, i.e. they are prepared!
Are you prepared? Here’s a common example I see where being unprepared creates anxiety which stops people from acting in their best interest to get ahead: -
A lot of people want to get into Investment Property but are anxious about taking the plunge because:
1. The housing market may drop
2. I may get the tenant from hell!
3. I don’t think I can afford it
4. I don’t know where to buy
5. I don’t understand how it works
By completing more thorough research, we all become less anxious.
By having a risk management plan that gives you a Plan B (backstop) you can reduce and manage risk.
By purchasing in a certain price bracket/location you reduce the risk of a bad tenant
By getting statistics of property sales, population growth trends, new District Plans, etc… you can work out where a good location is
By having a one on one workshop with Neil you can fill in the blanks and start to move in the right direction with greater coinfidence and an informed strategy.
So the underlying message is — information is power. Gain knowledge and reduce anxiety and you will make more informed decisions and get ahead!