7 Biggest Mistakes – Mistake #1
Huge Mistake #1: Letting doubt, fear and bad news get the better of your mind set
Avoid it by: Getting on the good side of a bad market
The Bad Thing About Bad News
With very few exceptions, news is not made so you can act upon it. All it does to you is “entertain” and give food for senseless conversations. Your time spent with “The News” is waisted at least twice: First when you watch it, and again when you talk about it.
Both times it drains you from positive energy and fills you with negative energy: Fear, doubt, prejudice, gloom, depression. It’s literally like public brain washing! The longer you’re exposed to it the harder it gets to resist the negativity.
Doubt and Fear: Powerful Drivers of Herd Mentality
“Purpose, energy, power to do, and all strong thoughts cease when doubt and fear creep in.” – James Allen
Let’s say you made a decision to take advantage of the buyers’ market and look for a good bargain now. A larger home to move in yourself, your first home to own, or a rental property to grow your portfolio. – Good! Your decision has a purpose which comes from a positive thought.
Now you hear The News: “Housing Slump May Continue”, “Subprime Woes to Cripple Credit Markets”, “Foreclosures Headed for Record High” – this creates doubt about your decision…
Next, you talk to the people at work and reinforce your doubt, turning it into fear.
Doubt and fear lead to indecision and failure to act upon your decision. You forget your reasoning and purpose of your original decision. Instead of acting on your decision you stay with the herd. – Think about it:
The same people who collectively bought into the buying frenzy of the past 2-3 years are now keeping you from making a smart decision and going after your goal and purpose.
Negative Stands in the Way of Positive
Every time you”entertain” a negative thought, it keeps you from having a positive thought! Have you ever had a dispute with someone that made you too angry to think of a good argument?
And about two minutes after you hung up the phone or left the room the perfect response popped into your mind?
The reason that happens all the time is because your negative emotions inside the situation block your creative forces from operating.
Decide to Change Your Mind: Think Positive and See Opportunity
Even in the times of the “Great Depression” the economy wasn’t bad for everyone. In fact, some people made millions because they were able to see opportunity.
This has nothing to do with taking advantage of the bad luck of others. The universal law of economics states that you can only receive value (make money) when you give value (provide solutions).
You are (or can be) in controle of what you allow to enter your mind. When you decide to change your mind all you have to do is focus from negative to positive.
First Step: Limit your exposure to public brain washing (aka “The News”, and mindless coversations about it). Free up your creative forces and everything else will fall into place. You will see solutions, find ways to give value and have a great following.
Because in bad times only a few people can escape the negative cycle of bad news you turn yourself into a rare and most valuable asset.
You think that might enable you to make some money? Absolutely! You better believe it – but don’t worry about it!
Hey, look at it this way: How can you find a great deal if you’re not looking?
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Category: Finding Deals, Investment, wholesale
