Property Investment Articles
This article describes the SIXTH ELEMENT of the SEVEN elements to building a successful property portfolio so that you can reach your financial goals sooner”
6. The Right Coach – “Discover why most property investors fail – and what to do about it”The Right Coach
“Discover why most property investors fail – and what to do about it”
This is very simple.
Most ‘wanna-be’ property investors fail because they fail to ‘act’. They really, really want to do something but they just don’t know where to begin. They start researching and get even more overwhelmed – there is so much out there! Many people then suffer from ‘paralysis of analyses’.
They get so caught up trying to pin-point the best time to buy, the best location to buy in, and the best type of property to buy. In the end they simply DON’T buy.
Many people want to research and research until they are absolutely, 100%, without-any-doubt sure that they are entirely correct and certain of their decision. If they wait till then they will simply never buy. As an experienced property investor I know you can never be 100% sure you have got it right. Even the most experienced investors get the ‘D-Day’ (exchange and settlement day) jitters. It is human nature to have fear and doubts.
Other people want to do it but just can’t work out how to put aside that extra $2 a day. And I am serious, that’s all it costs at the moment to buy a property (depending on your tax bracket and the type of property you buy).
Others are just not sure whether they should invest first or buy their ‘white picket-fenced’ house for the Golden Retriever and the kids and invest later. Others simply think, “I can’t do it. It would be too hard for me.”
So what’s the answer?
Get a coach!“What?” you say, “What’s therapy have to do with investing?” Well, a lot actually.
What is a coach?
A coach can help you determine things like: What is your definition of success?
1. Are you there yet?
2. What do you really want to achieve in life?
A coach can give you the support and encouragement you need to achieve your goals. They are someone who is on your side, objective and ready to assist with any blocks or challenges you may face along the way. A coach will provide guidance and help inspire you to design your financial and life journey. They will celebrate the good times with you and provide encouragement during the challenges. They can teach you to how to examine your financial beliefs and values, trust your instincts and build your excitement to be the best that you know you can be.
A coach will help you:
• find out where you are at right now
• look at alternative options should anything not be working for you
• put into place the new actions to help you reach your desired destination
At Wholistic Financial Solutions all our sales agents are trained as property ‘coaches’ not just sales agents. They will not ‘shove property down your throat’. They will simply work with you, your goals and dreams, and hold your hand along the investment journey.