While some people are taking full advantage of U.S. real estate investments, most Canadians look for zero-risk investments. In real estate, you need to be able to relate to all sorts of individuals to understand the different sets of concerns and priorities involved in the buying and selling process. We’ve all heard of the dividing line between the “have’s” and the “have-not’s”, but ever wonder why some people are so successful while others consistently struggle?
Interestingly, there are some key differences in the way successful people think about money. One of the most important aspects of successful people is accountability.
Successful people hold themselves accountable for their failures and successes and recognize the extent of their own control over their life. You need to develop patterns of thinking about money that actually cultivate your financial success to achieve it.
Here are 7 ways to change common misconceptions about money:
1) Poverty (NOT money), is the root of all evil.
Keep in mind, this really isn’t about seeking truth in an ultimate philosophical sense – it’s an orientation. If you are caught up in a pattern of thinking that assumes money is a breeding ground for evil – you’re probably not going to strike it rich in your lifetime.
2) Gain specific knowledge instead of formal education.
Successful people overwhelmingly seek out education geared towards financial success. In turn, this leads them to create action plans focused on building their own personal wealth.
3) Align money-making with passion.
If you are passionate about what you do, it’s not just a job, it is a sense of accomplishment and fulfillment.
4) Dream big.
When you are setting up your life goals, it’s OK to have big dreams before you make your action plan. Be honest with yourself about what you want and don’t ever be embarrassed to have big goals. The bigger, the more success you are likely to attain.
5) OPM: Find a worthwhile opportunity to attract Other People’s Money.
Instead of thinking about how limited you are by your financial situation, you have to be willing to work with the resources you have to create an investment opportunity for others.
6) Focus on making more money.
While saving money is a good strategy for every day life, to achieve financial success, you need to have a more aggressive action plan than just savings.
7) Be a risk taker.
Average people tend to over think any opportunity and suffer from analysis-paralysis as a result. Rich people know that if you are going to generate big returns, you have to shoulder some risk. This also demonstrates a level of confidence in yourself that influences the outcome of your projects.
If you take these 7 traits and integrate them into your perspective, you will become the type of individual everyone wants to work with because you will demonstrate the confidence and know-how that every successful business person has. The myth is that these characteristics are impossible to attain. Wealth and success requires training even more so than resources or raw talent. With the right attitude and discipline, you will build momentum to realize financial abundance and leave the rate race mentality behind for good.