Real Estate Matters | Your financial perspectives matter

Sam Lee

Having the right or wrong perspective can have a major influence on the quality of your life. When it comes financial success having the right perspective and framing things in a positive way can be crucial. Below are three mental hacks or shifts in perspective that can help you think, analyze and plan towards your financial goals;

Ask yourself the right questions

One of the best tips on perspective changes I have ever learned came from the book Rich Dad Poor Dad by Robert Kiyosaki. In his amazingly simple yet brilliant book, he teaches that having a ‘growth mindset’ is crucial when it comes to making money. When encountering an opportunity, investment or product that you simply don’t have the funds to pay for, instead of resigning to “I can’t afford it” ask yourself instead “How can I afford it?”. By simply asking yourself this question your brain subconsciously begins to work and starts seeking solutions in your favor.

Gaining by subtracting

We live in an age saturated with information, opinions and advertisements. From my experience, too much information can actually prevent us from taking meaningful action. Instead of focusing too much on perpetually ‘adding’ knowledge, what if you turned it around and trained your mind to look at what isn’t being said or done as much as what is being said or done? True creativity and insights comes from this void. You can apply this concept to financial investments by simply asking where not to invest rather than where to invest. By subtracting harmful information first, you can decrease the chances of incurring a large loss and cutting your investing career short while leaving you in the end with the few positive options that make sense.

Have long term perspective

When it comes to success in real estate it is important to maintain a long-term perspective. This doesn’t mean that you need to forego short-
term investment strategies, but you do need to adopt strategies that will keep you in the game longer while ‘subtracting’ potentially dangerous investments as we mentioned earlier. To cultivate a long term perspective, you should start with your desired goal in mind and eliminate smaller and riskier opportunities that appear along the way by focusing instead on the ones that have potential to grow and build a strong foundation of returns. Take Steven Covey’s advice from The Seven Habits by beginning with the end in mind then focus on how to turn it into a reality.

Sam Lee is a marketing manager and property consultant at JML Property.JML was established in 1994 and offers Investment Property & Homes. It specializes in managing properties for owners and investors, and providing attractive and comfortable homes for tenants.

www.JMLProperty.com

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