Everyone knows that setting goals is the key to success… right?
WRONG. Or at least, not exactly right.
You see…
If you’re not careful, setting goals could actually be dangerous to achieving your full potential.
Allow me to explain.
When COVID-19 hit, I had to reassess my investments.
I dropped two properties in Rockhampton. Both had stopped growing in value. And both required significant maintenance. I also sold two blocks of townhouses in Acacia Ridge, reducing debt and alleviating the ongoing maintenance burden.
It wasn’t the plan just a year earlier. It wasn’t on any of my yearly goals, quarterly goals, or monthly goals. But sometimes life takes an unexpected turn. You find yourself in a situations out of your control.
The smart, adapt.
The foolish, resist.
In almost 20 years in the property business, I’ve learned that life is full of seasons. Just as there’s a time to sow and a time to reap, there’s a time to set goals and a time to achieve them.
Those are different seasons!
You already know that reaching your objectives requires groundwork, diligence, and perseverance.
But it also requires two more key elements that too many aspiring investors lack. The first one is…
Patience!
You need to strike a balance between forcing things to happen, letting them happen, and actively making them happen.
Forcing things can lead to burnout and frustration.
Letting them happen might cause missed opportunities.
Making things happen is the middle road.
You plant the seeds for your goals. You nurture them with dedication and hard work. You stay agile and alert. And you take advantage of the opportunities as they come.
In the midst of the pandemic, I made one of my most significant achievements – purchasing a rundown 2-bedroom apartment in Biggera Waters on the Gold Coast.
With borders closed and limited access to the property, I was able to seize this opportunity and turn it into a successful investment. Renovating the apartment and addressing its issues, I created a beautiful living space in a prime location.
Another recent accomplishment is the purchase of a new home on the North Side, complete with a fantastic view of the city.
These experiences have taught me the importance of embracing change and seizing opportunities as they arise.
My 20-year journey in property investment has been filled with ups and downs, successes and failures. I’ve made mistakes, but I’ve also made a lot of money and learned valuable lessons along the way.
As interest rates rise and sales slow down, it’s crucial to remain resilient. Work harder. Stay committed to your goals. Practice PATIENCE. And…
Build Momentum
Momentum is the second critical element too many aspiring investors lack.
The power of momentum is everything in this business. Because once you’ve built momentum, everything becomes easier.
It’s easier for you to keep moving forward.
It’s easier for you to achieve your objectives.
It’s easier for you to stay focused and inspired.
For example, after contacting 10-20 agents, you’ll find it easier to reach out to even more as they begin responding to your inquiries.
How do you building momentum? It’s simple.
Break your goals down into simple steps, and starting to take daily action.
Act every day. But don’t expect immediate results.
Build momentum. Stay patient. Keep your eyes on the target.
And adjust as needed.
Strike the balance between forcing, letting, and making things happen.
And you can achieve all your goals and make your dreams a reality.
Want help getting started? Click here to download a free sample from my bestselling book, Bankable.
It’s the perfect guide for beginner and advanced investors, wanting to replace their day-job in the next 3-5 years.
Have a great weekend!
Nhan Nguyen
