“Indecision” It’s the biggest killer of your Dreams.
Over the years that I have been mentoring property investors I have noticed there are definitely two types of people when it comes to investing. There are those who make decisions based on the facts presented to them and there are those who do not make a decision no matter how compelling the investment property facts are and how much they actually want to invest.
I call this indecisiveness “analysis paralysis”. You have probably heard that term before – given to those who sift through every minute piece of information on a given investment and then over analyse it. This effectively paralyses them and they can’t make a decision. Usually they are waiting for the “perfect” investment property and it doesn’t exist. Hence, they don’t invest at all.
Years later, there is usually regret on their behalf for not investing even though there was plenty of opportunity. The price of property has probably risen significantly and the realisation that the potential to make large sums of money has been lost, can really bite hard.
Any form of indecision that stops you from buying a good investment costs you dearly in the long run.
We can accumulate money (income) but if we are not investing as well, I would argue that we are not creating long term wealth.
On the other hand, those who make an informed decision given all the information, are well and truly ahead in the property investment stakes. Their investment strategy is sound because they have understood their criteria and risk profile and invest accordingly, building strong property portfolios.
The proof is in the outcome. For those who have been investing in property for at least ten years, the evidence proves that the difference can be a huge windfall for investors – simply because they made a Decision.
Are you killing your investment Dream?
Now is the time to invest.
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