Today we’re going to talk about a big problem for those of you who are just starting out. I know a lot of the listeners of this podcast have already learned a lot about real estate, but haven’t actually started investing. For many of you, the reason for that is fear of failure. Even if it’s subconscious, I believe that fear of failure is keeping you back. It kept me back too. We’ve talked about “yeahbut-ers” in the past. They’re always going to find a reason not to start. And honestly, most people will tell you you’re going to fail and they’re going to put that fear into you. So here’s what you need to think about:
What’s worse than failure?
What’s worse than trying and failing? If you say there’s nothing worse, then I don’t think your motivation to be successful is great enough. If your motivation is great, then the only thing worse than the fear of failure is the fear of never trying; the fear of keeping your life exactly the way it is. If you’re unhappy with your current situation in terms of career and money and you’re motivated to change things, the fear of never trying should be greater than the fear of failure.
So what’s worse than failure? Staying in your current situation: unhappy but familiar and comfortable.
Allow yourself to think about and experience what makes you unhappy, and let that motivate you to start your real estate investing career. Get started, and if you need help don’t hesitate to contact me. I will gladly either coach you one-on-one or point you in the right direction.