Do you feel motivated all of the time to
overcome the barriers in your property investment business and achieve your
Staying motivated everyday is essential to
You are going to have a number of good and
bad days so you need strong motivation to offset those bad days.
Believe it or not I had a problem with
continual motivation when I first started out in property investment.
On those bad days when everything seemed to
be going wrong I found myself thinking “why am I doing this?”
I was new to property investment at the
time and had been involved in other businesses prior to this such as computers
Maybe this was the reason that I found
myself thinking sometimes “there has to be an easier way to make money”.
I have said this before and I will say it
again – you will face a number of problems in your property investment
business. You will have to overcome a number of disappointments to achieve your
And that is why keeping your motivation
levels high everyday is so important.
So I want to share with you in this post
how I keep myself motivated every single day and never have any feelings of
Things will not happen instantly in
property investment. It can take you a long time to find the right properties
for your projects. Once you do find them then the action really kicks in and
you will need to ensure that everything falls into place for your project to be
So you need to stay motivated during the
quiet times when you are looking for the right deals and also in the crazy
times when everything seems to be happening at once.
1. Create a strong “WHY” and review it daily
To succeed in any business you need a
strong “Why”. Property investment is no different. If you have not created your
“Why” statement yet then please read my post on how to find your WHY. This is
your reason for being a property investor. It needs to be compelling and
something that will drive you towards your goals.
Place a copy of your “Why” statement in a
place that you can look at it every day. I carry mine around in my wallet and I
also have a copy of it next to my computer. If your “Why” statement doesn’t
provide the motivational boost that you need then it is time to rewrite it so
that it does.
2. Visualise Every Detail of your Goals
Take a good look at your goals for your
property investment business. Take time out to visualise every aspect of them. What
will you feel like when you have accomplished each goal? What sounds will you
hear? What smells will you smell?
When you are visualising your goals make
the feelings as strong as possible. You need an emotional driver linked to your
goals so that you will persevere with them no matter what. Take a few minutes
out before you start work each day and go through the visualisation process.
3. Deal with Negative People
When you set up in business on your own you
will always receive negativity from others. If your family members are the kind
of people that have always worked at conventional jobs then they will tell you
that you are taking a big risk, and maybe even that you are wasting your time
and your education.
Close friends can do this to you as well.
If you find yourself in this situation then you need to stay strong. If someone
says to you “it will never work” then neutralise this immediately by thinking
“I know that my property investment business will work”.
You need to accept that a lot of your
family members and close friends don’t want to see you succeed. They want you
to remain with them at the bottom struggling from one month to another. This is
harsh reality that you need to accept and deal with every time you meet these
If they ask you how your business is going
then tell them “it’s going great” even if it isn’t. By always answering in this
way they will soon tire of asking you. I was lucky as my parents had always
owned their own businesses and so had my brother. But not everyone is going to
be in this situation.
Be wary of negative people in your office.
Some people are negative by nature. They seem to have no control over this. So
if you here things like “this project is never going to happen” then you need
to deal with this immediately. Tell everyone that it will happen and you will
make sure of it. If it gets too negative then let the pessimists go and find
Of course the best way to avoid the
negativity of others is to not meet with them at all. But this is not a
practical solution as you are always going to run into family members and old
friends. Just practice neutralising their negative statements with positive
thoughts. Change the subject if it is getting too much.
If you have a pessimist in your office then
you can try and convert them into an optimist. The best way to do this is to
prove them wrong. For the individual that doesn’t believe the project will
happen challenge them to a bet. If it does happen then they will have to pay
you in some way. This can be a small bet. All you want to do here is prove the
person wrong in front of everyone else.
As a condition of the bet explain to the
pessimist that they have to become optimistic about all future projects if you
win. A converted pessimist can be a great asset as they are never shy about
making their feelings known to everyone.
4. Don’t compare yourself to others
While I would always recommend that you
have a mentor for your property investment business I don’t want you to compare
yourself to this person or anyone else. I have fallen foul of this in the past
and it can really de-motivate you. Your mentor has a property portfolio of more
than 100. So what?
Just be answerable to yourself. You do not
want to spend your precious time comparing yourself to other successful
property investors. Learn from them by all means, but don’t try to be them. It
never works and will just make you judge yourself in a poor light.
5. Create a Positive Team
This is not easy to do but the rewards will
be really worth it. I took my time to find the right people to work with me in
my property investment business. One of the traits that they all had to posses
was optimism and a positive outlook.
When times get tough, and they will, your
positive team will support you and help you to overcome problems. Reward your
tea with bonuses and think about giving them share options. If your team
members have an investment in your business then they will remain positive and
do more to make it succeed.
6. Get help when you need it
It is always possible that you will
encounter a problem in your property investment business that you don’t know
how to solve. When this happens you need to get the right help. If you try and
tackle the problem alone it can overwhelm you and really challenge your
Believe that there is always a way. With a
problem like this there will always be someone that can help you solve it. Even
if you have to pay for their help it will be worth it. Just be sure to learn
from the whole experience so you know what to do if the problem comes up again.
What will you do if you find your Motivation waning?
You need a strategy for situations where
you find your motivation diminishing. I suggest that you try a few things here
and see what works best. For me it is always a review of my “Why” statement and
a look at my goals.For you it may be something else such as talking with your mentor. It
doesn’t matter. Just do whatever you need to do to get your motivation back on