Staying motivated is fundamental to success in real estate investing in Woodward Park. But keeping yourself motivated can be difficult. Life does throw curveballs your way and that may interfere with the important investing tasks you have to do. Now, if you have to address these issues every day, you tend to lose the energy and determination that property investing requires. Inspirational speakers and authors try to sell an instant or magic fix to a lack of motivation, and it seems to work because their talk gives you a quick boost. But it doesn’t last long. The truth is that a chronic lack of motivation can’t be solved that easily. Fortunately, Sustaining motivation is a habit that can be learned. And if you keep at it, it improves with practice. Habits respond to practice just like how the physical body responds to exercise. After going through the myriad advice on this topic, we’ve boiled it down to a select few. Here are five key ways that property investors like you can use to find and sustain the motivation you need to succeed.
1. Visualize Your Goals
Setting goals is widely known as the secret to most entrepreneurial success. But there is an exercise that is more powerful, and that is visualizing your goals as if you’ve already achieved them. This is something common in sports. Athletes visualize their performance before they ever take the field. If you apply the same strategy and see and feel your goals in your head, you’ll be better able to stay on track to reach them.
2. Set Intermediary Objectives
Goals are not created equal. The biggest goals can seem overwhelming, like a mountain of uncertainty looming over you. This giant goal may cause one to lose focus especially if it takes too long to do it. One pro tip is to break large goals down into smaller intermediary objectives that you can achieve more quickly. And when you accomplish them, don’t forget to reward yourself. This is often called “chunking” and is a technique found in the behavioral sciences which is also taught by many life coaches and motivational gurus. What it does is it creates an achievement and reward cycle that builds up and inspires you.
3. Strategize with Flexibility
It’s quite rare when we achieve our goals exactly according to plan. Things change regularly and, sometimes, these changes throw a wrench at our carefully-thought-out investing strategy and puts it at risk. Each time life throws roadblocks at you, the most essential thing to remember is to remain flexible. When your original plan falls through, adjust and adapt. Feel free to listen to the advice 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 the best of us. Whenever you feel like this, you can push through it if you’ve figured out ahead of time how to cope with moments like these when you just don’t feel motivated. Try putting together several inspirational examples of extreme endurance to help you put things into proper 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 respond to that question explicitly and with enthusiasm, plan to schedule a brief time to reacquaint yourself with your reasons. Real estate investing is a marathon, not a sprint, and therefore it’s significant 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.
Possibly the most essential matter to identify within the context of motivation is that it is a very personal thing. Consequently, it is critical to realize what sustains and keeps you moving toward your goals. One thing that an investor can do is to delegate many time-consuming tasks, like property management, to qualified experts. At Real Property Management Platinum, we help and assist property investors to care for and protect their rental homes in Woodward Park, freeing you to pursue your larger investing goals. Contact us or call us at 559-324-9400 if you have any inquiries.
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