Is Fear Hurting Your Wealth Creation Plans?

by | Feb 3, 2017

Fear is a very powerful motivator.

In fact, it’s a sure thing that if you didn’t have fear you might not be alive today.

Fear’s job is to keep you safe, but sometimes it does its job too well.

How?

By inventing reasons to be afraid.

For example, fear assumes that a lack of knowledge about something is a good reason to fear it.

That’s just not true.

While there’s nothing wrong with caution, you can’t let fear dictate your decisions.

At the end of the day you should be the one in control, not the fear.

The following 4 fears seem to offer good reasons to not start investing in houses, but when you look closer they each stem from a lack of knowledge.

1. Fear of the unknown

Investing in houses, if you’ve never done it before, can be a scary thing, but just because it’s scary, that doesn’t mean it should be avoided.

When we don’t understand something we’re afraid of it…it’s a natural survival instinct.

Education is the tool you need to combat your fears.

Of course there will always be unknowns in life…even when buying property…but when you understand the process you’ll drastically reduce the impact this fear has on your life.

Fear of the unknown

2. Fear of debt

Why are we afraid of debt?

Because we don’t know how to use it well.

We’ve been taught to believe that all debt is bad, and therefore should be avoided.

However, when you learn how to use leverage properly you’ll wipe out the fear of debt and learn how to use it to grow your wealth through investing in houses.

3. Fear of failure

A very common fear, not just among people investing in houses, is the fear of failure.

This fear is behind the condition described as ‘analysis paralysis’…meaning it stops us from reaching our goals by encouraging us to not even get started…or to quit too soon.

If this fear has you in its grip the best way to break free is to realise that you will fail…that’s just part of life. When you expect it, you take away its power because you’ve put a plan in place to deal with it when it comes.

Fear of failure

4. Fear of success

Surprisingly, many people have a fear of success.

It’s not so much the success that sets them off, it’s the fear of the changes that it will bring into their lives.

If you have this fear it helps to anticipate the possible changes you might face and put a plan together for dealing with those changes when (and if) they come.

And, on a deeper level, some people believe that they’re not worthy of success. They don’t feel as if they deserve success so subconsciously they do things that prevent them reaching their goals.

If this describes you, it’s important to realise that you do, in fact, deserve financial freedom.

You’re not taking anything away from anybody…you’re actually helping others by providing a good home and even employment (e.g. property managers and their staff).

Give back to your community…support and encourage others and not only will you increase your feelings of self worth, you’ll provide a valuable service to others as well.

 

If you want to meet with like-minded people sharing the same interest for property investment,  you should register to attend our next Property Investor Night.
At these FREE events held all across the country we discuss where the growth markets are right now, and share ways you can navigate your way to financial freedom through investing in property.

Seats fill up fast, so book yours now!

Are You Making One of These 5 Common Budget Mistakes?

Are You Making One of These 5 Common Budget Mistakes?

Budgeting, together with saving is the foundation of every successful wealth creation plan. If you don’t know where your money is going, and if you’re not diligently saving it, you’ll lack the resources to build a comfortable future for yourself and your loved ones. A...

5 Golden Rules For Building Your Investment Property Portfolio

5 Golden Rules For Building Your Investment Property Portfolio

Like anything else in life, learning how to buy property for investment takes time and effort, but the benefits you’ll receive far outweigh the effort you need to put in. To help ease the learning curve a bit it’s helpful to have a few hard and fast rules to keep the...

5 Property Investing Myths that Kill Investors’ Futures

5 Property Investing Myths that Kill Investors’ Futures

If you’ve been investing in houses you’re probably listening to advice you’ve come across and believe to be true. But is it? Just because something is considered “common wisdom” that doesn’t necessarily mean that it’s entirely true. It may be only partly true or it...

Ways to Protect Your Assets

Ways to Protect Your Assets

Beginning property investors are often so absorbed with finding an investment property that will deliver good capital growth and/or positive cash flow that they forget the very important matter of protecting those assets. Protecting your wealth is no less important...

2 Big Fears Property Investors Face

2 Big Fears Property Investors Face

Buying investment property to grow your wealth is a well proven strategy. So why then is it so scary for many would-be investors? A number of reasons, but in my opinion, the two biggest reasons people are afraid to invest in property are: The large amount of money...

How To Negotiate “Like a Boss”

How To Negotiate “Like a Boss”

You can find a great investment property, in a growth location, and still miss out on positive cash flow because you weren’t able to negotiate a price and terms that worked for you. If you’re not comfortable negotiating for what you want or if you’d simply like to...

5 Quick Tips For a Stress Free Retirement Plan

5 Quick Tips For a Stress Free Retirement Plan

The superannuation balance of Australians is dismal. Men have on average $183,000 in their accounts whereas women have barely more than half that - $93,000. In fact, only 10% of Australians have in excess of $100,000 in their super!  Obviously then, lots of...

Is a Structural Renovation Right for Your Investment Property?

Is a Structural Renovation Right for Your Investment Property?

At Positive Real Estate, we provide “time proven” property investing information and advice. We work directly with property investors throughout Australia, helping them reach their wealth creation goals. Recently, Bupa Landlord Insurance​ showcased us in a post on the...