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Motivation: The Keys to Success in Real Estate Investing

Trio of Darts Hitting the Target’s BullseyeStaying motivated is fundamental to success in real estate investing in Pequot Lakes. But staying motivated— that can be difficult to do. Life throws many difficulties at you and that often gets in the way of important investing tasks. When you deal with these things day in and day out you may lose the energy and determination that property investing requires. Despite what inspirational speakers and authors keep selling, there really is no instant or magic fix to a lack of motivation. Sustaining motivation is a habit that can be learned and improved with practice. It’s just like exercise and how the physical body responds to it. There is a myriad of advice on this topic. From them, we’ve selected five key ways that property investors like you can use to find and sustain the motivation you need to succeed.

1.     Visualize Your Goals

The secret to most entrepreneurial success starts even before the work. It’s setting goals. But there is an exercise you can do that is powerful, and that is to visualize your goals as if you had already achieved them. Professional athletes do this regularly. They visualize their performance before they ever take the field. We can apply this as well. See and feel your goals in your head and you will be better in staying on track to reach them.

2.     Set Intermediary Objectives

Goals are not created equal. The biggest goals may seem like a worthy challenge— like climbing Mt. Everest— but in reality, goals that are too big can seem overwhelming and can cause us to lose focus, especially if it takes too long to do them. Here’s a pro tip: Break large goals down into smaller intermediary objectives that you can achieve more quickly, and don’t forget to reward yourself when you do. They often call this “chunking” or “clustering” and it’s an effective strategy used by motivational gurus and life coaches. This strategy creates a positive feedback loop that inspires you to do more. Just like what happens when you hold a microphone to its speaker, it produces a shrill sound because of the feedback loop it creates; in the same way, the achievement and reward cycle builds up to give you great motivation.

3.      Strategize with Flexibility

It’s quite rare when we achieve our goals exactly according to plan. Things change all the time, which may put our carefully-thought-out investing strategy at risk. Every time life throws roadblocks at you, the most significant thing to recall is to remain flexible. When your original plan falls through, adjust and adapt. Don’t be afraid to ask for the guidance of others to find creative solutions.

4.     Plan to Fail

You are going to get tired, lose interest, and want to quit. It happens to each one of us at some point or another in life. But every time you feel like giving up, you can fight this successfully if you’ve given careful thought on how to act during the days when you just don’t feel motivated. You could possibly try collecting inspirational examples of extreme endurance to make you put things into perspective. Or make it possible for yourself to take a bit of time to rest and recharge. No matter what you do, just don’t give up!

5.     Find Your Reasons

Why are you a property investor? If you can’t precisely reply to that question and with gusto, think about taking a little time out to determine what your reasons are. Real estate investing is a marathon, not a sprint, and hence it’s critical to cultivate a long-term view to help sustain motivation. With effective and clearly-expressed reasons, you can push yourself to be reminded of the “why” and force you to go forward toward your goals.

In Conclusion

The most significant factor to comprehend in terms of motivation is that it is a very personal thing. Thus it is imperative to find out what helps motivate you in moving toward your goals. One thing that each investor can do is to delegate many time-consuming tasks, like property management, to qualified experts. At Real Property Management Deluxe, we support and help property investors care for and protect their rental homes in Pequot Lakes, freeing you to pursue your larger investing goals. Contact us or call us at 218-454-7962 to know more.

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