Indecision, doubt, and fear are the three big internal enemies of success. Where one is found, the others are lurking around the corner. If you doubt yourself and your analysis at every turn, you will be incredibly indecisive about selecting a property. You will become too fearful to ever move forward. For every successful real estate investor out there, there a dozens of other would-be-investors that are too filled with fear to ever act.
Even if you were able to get over the hurdle and purchase a property, you may still feel doubtful. If so, that doubt will lead to stress-filled days and nights, full of fear that you made a mistake. Fear that you purchased the wrong property. Fear that things are going to go very wrong.
The good news is all of this is easily overcome.
CONQUERING THESE ENEMIES
Do not think that conquering indecision, doubt and fear means can be achieved by simply ignoring them. To conquer an enemy, you must learn everything you can about them. Imagine you were a king. You are in your castle and learn a physical enemy is just a two days’ ride away from attacking your kingdom. Ignoring them and going on with your day would mean almost certain defeat. Instead, you would try to learn everything you could about them to strategize. You would ready all the troops and supplies and pull up the draw bridge. Then, and only then, would you be positioned to conquer them.
Mental enemies are not conquered by ignoring them either. These enemies of success have one powerful foe that easily vanquishes them: Knowledge. It’s as easy as that. Educate yourself fully. When you have doubt, step back and figure out why. It will probably reveal you have a deficiency in your education. If you take the time to fully educate yourself and KNOW that you are properly analyzing a rental property, it will eliminate your doubt and fear. Once you are confident in your analysis, you will KNOW when you find a great deal and will be able to decisively take action and acquire it.
THE KEY TO OVERCOMING ALL: MENTAL STRENGTH
It isn’t always easy to fight the mental enemies of success. If this is something new to you, it is going to take a lot of strength, control, and energy. The good news is that it will eventually become habit. Once it’s habit, these enemies stand no chance. They will never gain a foothold in your mind because you won’t let them. As soon you have a feeling or thought of doubt, you will automatically and instinctively dissect the thought and find the cause. When you know the cause of the doubt, you know how to conquer it.
Nature has endowed man with absolute control over one, and only one thing, and that is thought. It takes conscious effort to learn how to control your thoughts. But great potential is unlocked when you learn this. Control over your mind is the result of discipline and habit. Start cultivating that habit now. Keep your mind busy with a definite purpose and a definite plan, only allowing thoughts of your own choice. Do not let these thoughts, these mental enemies of success, defeat you. Defeat them through education and knowledge.
The first and best victory is to conquer self. To be conquered by self is, of all things, the most shameful and vile. – Plaeto