You Are What You Think

Post by Garry Macdonald of Property Buyers Australia

Have you ever wondered why some folks achieve success while others 'waller in the depths of despair' - AND before you say it, YES at times there are circumstances that are beyond our control.

 

It's all in your mindset

However, while we may not always have total control over the events in our lives, we do have control over how we respond to them, it's called taking responsibility -- we have the ABILITY to RESPOND to these events in any way we choose.

The easiest possible (and it appears the most common) response, is to accept your fate - based on the cards you're dealt - however success is not reflected by how many times you get knocked down BUT how many times you get back up.

Achieving massive success in property investment is no different to achieving success in any other field of endeavour -- it all starts with a paradigm or mind set. 

"Success is not reflected by how many times you get knocked down BUT how many times you get back up."

Success is achieved through many things, not the least of which include persistence, consistency and ongoing learning. However if your mindset is such that you believe you can't do it, guess what...you are right!

 

Developing your "success mindset"

The BIG question then is...if we don't already have a success mindset, how do we change it? Unfortunately we have no definitive answer - we do however have some very strong suggestions - these are the things that have worked for us:

1. Hang around successful people or people who already have a success mindset 
2. Read bio's of successful people on an ongoing basis 
3. Attend seminars and workshops to learn all you can AND
4. Get a mentor - someone who has already achieved some level of success in their chosen field

With commitment and perseverance we can achieve anything. So go ahead and set your goals and do not listen to those who say it can't be done. If you believe it and take action, you will achieve it.

In the mean time, if you doubt what I'm saying, have a look at this YouTube video - which proves there are no excuses. If you've seen it before watch it again.

Next week, we'll discuss financial planning or budgeting. If you think the subject of numbers is boring, then I guarantee you will change your mind when you see the results.

Until then if you would like to speak with us about how we help folks like you and families just like yours achieve financial security in a low risk environment that enables you to retire far earlier than you ever thought possible, simply email us at info@propertybuyersaustralia.com.au  OR  phone our office on 1300 507 559.

"The greatest discovery of my generation is that human beings can alter their lives by altering their attitudes of mind" - William James

Here's to your property investing success.

Garry lives on the sunny Gold Coast in Queensland with his wife and two children. Garry is a business man committed to helping other achieve their financial goals.

Garry and the team at Property Buyers Australia are excited to announce thier new Virtual Buyers Agent service designed to provide sound analysis to ensure you buy the right property in the right location at the right price. Check it out here.

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Failing To Plan Is Planning To Fail

Do you know the importance of planning?

When we talk about planning, we're referring to goal setting. Yes we know, it's all just too hard. BUT do you understand how important it is to know where you're heading? One of our favourite 

quotes is from Alice in Wonderland:

'If you don't know where you're heading, then any road will get you there'.

We're going to assume you understand the importance of goal setting and move onto describe the approach we take. 

 

Step1: Identify five categories that are important to you.

Our five categories are:

* Family and Relationships

* Work/Business

* Financial

* Healt

 

h and fitness

* Charity

 

Step 2: Write down one S.M.A.R.T. goal under each category. 

S.M.A.R.T. is an acronym for Specific, Measurable, Achievable, Relevant and Time-bound. Here is an example of a S.M.A.R.T. business goal: 

On or before 31 December 2011 my business turnover will be $600,000. I will achieve this by providing the very best residential real estate buyers agent service in the industry. 

This goal is Specific (eg residential buyers agent service), it is measurable ($600,000 turnover), I have done the forecasts and it is Achievable, it is Relevant to our families personal goals AND it is Time-bound (on or before 31 December 2011).

 

Step 3: Monitor the progress of each of your goals.

This will determine if you need to change strategy or maybe even re-evaluate your goal. 

Now it's your turn. Go ahead and identify five categories that are important to you. Then establish one S.M.A.R.T. goal for each category. As you do this, you must commit to do what ever it takes to achieve your goals - otherwise the exercise is pointless. 

Over the ensuing 12 months, monitor your progress. If you need a hand, drop us an email at info@propertybuyersaustralia.com.au.

Next up, we'll discuss the importance of having the correct mindset AND some tactics to make the change.

"Goals are the fuel in the furnace of achievement" - Brian Tracy, Eat that Frog

 

Here's to your property investing success.

Garry lives on the sunny Gold Coast in Queensland with his wife and two children. Garry is a business man committed to helping other achieve their financial goals.

Need more actionable advice? Get your free weekly marketing "to-do" list, straight to your inbox:

Name:

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Beware FALSE Claims Of Positive Cash Flow

As the real estate market appears to be 'bottoming-out', claims about cash-flow positive property are becoming more prevalent. A timely WORD OF WARNING -- don't believe them.

We always 'do the numbers' and can tell you (more often than not), claims of positive cash-flow are totally unfounded.

One thing to bear in mind is that everyone's personal circumstances are different. You need to consider such things as your marginal tax rate (the highest rate of tax you pay), the legal structure within which you are purchasing (your own name, a company or trust) AND when the particular property was built (this will impact your depreciation).

The other issue is the confusion surrounding the definition of 'positive cash-flow' - of which there are many. We suggest you have your Accountant look over the numbers before you purchase.

REAL ESTATE WARNING!

Property Buyers Australia

Don’t make the most expensive mistake of your life…

 

Any industry where there is money to be made, attracts underhanded scammers and rip-off merchants. Unfortunately the real estate industry is ‘rife’ with them.

 

If you’re considering purchasing property, we’ve developed a unique to the real estate industry service that will help save you thousands of dollars and prevent you from becoming a victim. It’s called ‘Virtual Buyers Agent’ AND as an introductory offer you can save over 46% on this priceless service. Simply click the following link to find out more: http://www.propertybuyersaustralia.com.au/pages/Virtual_Buyers_Agent.html

Spring Is A Great Time For Property Buyers BUT Not For Sellers

Thought you might be interested in the latest comments from Terry Ryder (www.hotspotting.com.au)...

 

The arrival of Spring brings with it the usual rhetoric from agents about this being the best time to sell – with auctions, of course, the best method.

There’s no evidence that Spring is any better than other seasons for vendors – and last year Spring was the weakest selling market of the year.

But many people accept the propaganda about Spring and so we are likely to see even more properties for sale across Australia.

We already have more homes for sale than at any time since early 2009 and the number has risen steadily this year.

The over-supply of homes on the market, coupled with the lukewarm interest from buyers, explains why capital city prices (on average) have fallen this year.

All this adds up to opportunity for property investors. The current buyers’ market is set to favour buyers even more, as people list homes for Spring. With interest rates stable and the coming resources construction boom set to re-ignite the national economy, Spring shapes as a good time to buy but a lousy time to sell.

 

Terry’s commentary supports our opinion that there are some fabulous buying opportunities right now.

If you're even considering purchasing real estate, we have introduced a new service that is totally unique to the real estate industry -- it's called Virtual Buyers Agent.  DO NOT buy before you check out this amazing new service -- it could save you from making the biggest financial mistake of your life!  Go to http://www.propertybuyersaustralia.com.au/pages/Virtual_Buyers_Agent.html

Cheers

Garry

9 Questions You Must Ask Before You Become A Property Buyer

One way or another, everyone is involved in the real estate industry – either as tenants, home owners or investors.  Here are 9 questions you might consider asking prior to taking the plunge into the most significant purchase of your life:

1. How can I profit from this investment? 
2. What are my risks? 
3. What form of insurance do I need in place? 
4. What name or structure should I purchase the property in? 
5. How can I improve the profit potential? 
6. If I need to sell, what is my exit strategy? 
7. Can I afford the property if things change, eg interest rates increase?

8. What type of loan should I take out?

9. What does my accountant and solicitor say about tax/legal

     Implications?

This is by no means a comprehensive check list but is designed to cover most of the issues which arise in property investing.

A New Definition For ‘Bank’ – totally out of touch

There is a new definition for the word ‘Bank’…out of touch, uncaring and greedy!  OR maybe it’s not so new.  If you read the media release issue by the Reserve ‘Bank’ (click the link below), it goes to prove just how out of touch these people are.  The media release reads like a university lecture in Economics 101.  What these people fail to address is existing ‘real world’ implications – the increasing struggle of many folks just to maintain mortgage payments (let alone the impending increase).  AND this has a follow-on impact on all of us. 

http://www.rba.gov.au/media-releases/2010/mr-10-26.html