REPOST from Gregg Fous... Why you shouldn’t wait. Look for a new Job? “I’m gonna’ wait until I receive my bonus.” Clean the house? “Gonna’ wait until I get that those new curtains.” Set up a business plan? “I need to figure out my goals first.” Retirement home? “I need to wait until I have more money.” We all have a zillion reasons to put something off. Procrastination, a big word for choosing nothing over something, is easy. Getting over procrastination is not. But want I want to talk about are some major decisions and why doing something NOW is the right choice. Notice I said doing SOMETHING. Those of you that know me know I am fond of saying “you can’t steer unless you are moving”, and for sure doing something toward your goal is far better than waiting for a trigger event. It is often a trigger event that we wait for: “Once I graduate”, or “once I retire”, or “as soon as I get enough money”, are all trigger events. The best way to get around trigger events as a stall is to ask yourself the question, “If I graduated yesterday what would I do differently today?”, “If I retired last week what I do differently today?” and the advice I was once given: “If you had the money today what would I invest in?” “Once I retire I am going to move to Florida.” Have you ever heard that one? Heck I said it myself, and then in one of the best decisions of my life I decided I was going to move to Florida in 1990 – not to retire, but to live and work. Why wait? Let me get back to my “something” comment. Sure you may not be able to retire, now or to move now, or to start selling real estate until you get your license, but if you imagine that you DID have your license or you DID have that money, and then you can begin working on your goal. In fact if you are able to set your goals before you start your journey you will have something to work towards and strive for. It is for this reason that I do not suggest you wait for trigger events to happen. Assume that they WILL happen and then govern yourself accordingly. One of the best exercises I go through is assuming I DID have enough money for a certain deal. Then I work through the acquisition, hold, and exit figures. I determine if the property is worth buying; if it’s a sound investment or not, what the returns are and I examine the risks against the rewards. Often, during this process, the exercise becomes reality. The acquisition looks like a superior investment and I find a partner or client to sell it to. Want to buy a second home but you are waiting for a trigger event? Don’t wait. Start your research now. Going to move to Florida when you retire? Start the process now Want to invest in Real Estate some day? Today is the day. ...Today is THE DAY!
Posted on: Sun, 01 Dec 2013 16:14:07 +0000
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