Have you ever wondered what successful investing requires? I have found four key ingredients that have made all the difference in my career as a real estate investor.
These four key ingredients are motivation, determination, education, and consistency.
The first ingredient to success is MOTIVATION. Motivation is the catalyst that spurs us to action. Motivation is like the key to a car. The car is worthless if you can’t turn it on and drive it around. Motivation generally drives us in one of two ways: we act either to seek pleasure or to avoid pain. When you find out what motivates you, you can use that energy to start investing.
The second ingredient to success is DETERMINATION. After we find the motivation to begin investing, determination keeps us going. Determination is like the gas in a car. You can turn the car on, but if there is little or no gas, the car will not function for long. Success and growth strengthen determination. While motivation helps us achieve success early on, determination allows us to have continual success, even through adversity. When motivation runs out, determination continues.
The third ingredient to success is EDUCATION. Motivated and determined people need education to harness their energy in a successful direction. If you don’t know how to drive a car, the gas and the key are irrelevant. I would like to help you learn how to be a great investor. I have learned important skills and valuable tools that I would like to share with you. Once you know how to drive the car, you can take it anywhere you want to go.
The fourth and last ingredient to success is CONSISTENCY. A car will only get you where you want if you consistently drive in the right direction. Once you have the motivation, determination, and knowledge, you must then act consistently to succeed. Check your progress frequently and make minor adjustments as needed to make sure you stay on the right path.True personal analysis is necessary to identify which of these characteristics are strengths and which are weaknesses. Your success as a real estate investor depends on making these ingredients part of your life.
Happy Investing,
Kendall E. Matthews, CRMC
Phoenix, Arizona Investment Real Estate