Monday, March 29, 2010

Why People Fail

Here is some great advice I read this week from a guy who calls himself The Maestro. I found it very applicable to us real estate investors and decided to pass it on.

1. Fear

Fear is crippling. We've all felt it. But, contrary to popular belief, fear is not a natural emotion. You overcome your fears by instilling confidence in its place. Confidence trumps fear every time.

2. Motivation

Bottom line, this is the most important part of your success. You don't have to be the smartest guy in the room. You only have to be smart enough. But, you DO have to be at least one of the most motivated people in the room. Look, you're success, and income, has a positive correlation with your motivation. If you want it badly enough, you will have it, no doubt.

3. Knowledge

This is the least important of the three, but important, none-theless. Well, I shouldn't say it's the least important. I should say it's the easiest to accomplish. In the years I've been coaching people in wholesaling, I've never met one person who wasn't intelligent enough to make a lot of money in this business. Never. And there's plenty of information out there for you to study from, whether it comes via a coach, like me, or books or videos.

And, if you didn't notice, all three of these are interrelated. If you're properly motivated, you will possess the confidence to succeed, and also the desire to acquire the knowledge.

And nothing will stop you.

I am one of the ten!

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