Tips For Staying Focused On Your Property Investment Goals
Property investing is one of those types of activities that is not done each and every day (unless you are doing it full time) and because it is not, other distractions can easily take away your investing focus.
Depending on the property cycle is going it can, at times, be quite a few months in between buying properties.
To be successful at property investing though, an investor does need to keep in touch with the flow of property prices and sales.
This does not mean just picking up the paper once a week and having a quick flick through, but being actively involved several hours a week if you are intending to purchase soon, or at least an hour a week to keep up with education and what is happening in the market place.
Keeping focused on investment goals One of the easiest ways I have found to stay focused is to do something every day.
This means setting long term goals, then breaking them down to small goals and then down to little goals.
I have found with anything that I am trying to achieve over a longer period, that if I give it at least 10 mins each and every day I can achieve my goals without feeling that I have ignored other parts of my life.
It is amazing how much time 10 minutes a day gives you over a year! 10 mins x 7 = 70 x 52 = 3640 mins = 60 hrs - how easy is that just to keep up with what is happening around your area and educating yourself in your future wealth? It's not even peanuts! I find that if I commit to doing something each day then it stays in the forefront of my mind and does not get forgotten.
It may just be a drive around your investment area to update yourself on property prices, for a quick flick through a real estate forum, but whatever it is make sure that you do something.
Following long term Wealth Creation Goals It is not easy to stay focused on long term goals and staying on 'wealth goals' can be even harder at times.
Life throws us these curve balls every now and then and we just have to push through those times and not lose focus on our long term goals.
If something happens that stops you from working on your goals for right now, then mark on your calendar a time when you will pick up the ball again and start right back where you were and keep on going with those long term goals of wealth creation.
Back to those 'little short term goals' Make sure you have yourself set up to achieve those goals each day.
Whether it be having a book beside your bed that you read investment tips from at night, or a reminder in your computer to spend some research time each Saturday, or whatever it is, don't rely on yourself to be the sole motivator.
One of the easiest ways to stay focused now is to use the benefit of technology to help you achieve your goals.
Set alarms and use all the bells and whistles that our technological age is throwing at us to remind you to do your 10 mins a day.
By staying focused on property investing all the time it will mean that when you are next ready to buy you will not have to spend hours and hours updating yourself before making decisions.
Depending on the property cycle is going it can, at times, be quite a few months in between buying properties.
To be successful at property investing though, an investor does need to keep in touch with the flow of property prices and sales.
This does not mean just picking up the paper once a week and having a quick flick through, but being actively involved several hours a week if you are intending to purchase soon, or at least an hour a week to keep up with education and what is happening in the market place.
Keeping focused on investment goals One of the easiest ways I have found to stay focused is to do something every day.
This means setting long term goals, then breaking them down to small goals and then down to little goals.
I have found with anything that I am trying to achieve over a longer period, that if I give it at least 10 mins each and every day I can achieve my goals without feeling that I have ignored other parts of my life.
It is amazing how much time 10 minutes a day gives you over a year! 10 mins x 7 = 70 x 52 = 3640 mins = 60 hrs - how easy is that just to keep up with what is happening around your area and educating yourself in your future wealth? It's not even peanuts! I find that if I commit to doing something each day then it stays in the forefront of my mind and does not get forgotten.
It may just be a drive around your investment area to update yourself on property prices, for a quick flick through a real estate forum, but whatever it is make sure that you do something.
Following long term Wealth Creation Goals It is not easy to stay focused on long term goals and staying on 'wealth goals' can be even harder at times.
Life throws us these curve balls every now and then and we just have to push through those times and not lose focus on our long term goals.
If something happens that stops you from working on your goals for right now, then mark on your calendar a time when you will pick up the ball again and start right back where you were and keep on going with those long term goals of wealth creation.
Back to those 'little short term goals' Make sure you have yourself set up to achieve those goals each day.
Whether it be having a book beside your bed that you read investment tips from at night, or a reminder in your computer to spend some research time each Saturday, or whatever it is, don't rely on yourself to be the sole motivator.
One of the easiest ways to stay focused now is to use the benefit of technology to help you achieve your goals.
Set alarms and use all the bells and whistles that our technological age is throwing at us to remind you to do your 10 mins a day.
By staying focused on property investing all the time it will mean that when you are next ready to buy you will not have to spend hours and hours updating yourself before making decisions.
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