Money Mindset

Your money mindset determines everything you do in your financial life. It's what creates or destroys most investors.

How do you feel about money? Do you feel like there's enough, or do you feel like only the lucky ones are rich?

Do you pay your bills easily, or are you living paycheck to paycheck? If an unexpected expense comes up, do you panic?

When you see something you want to buy, what's the first thing that comes to mind? I can afford that -or- there's no way I can buy that.

What were your parents like when you were growing up? Did you hear "money doesn't grow on trees" or "Who do you think we are, the Rockefellers?" Did they ever talk about money at the dinner table or at family functions, or was the subject off limits?

Why am I asking you all these questions? Because all of these things have shaped your money mindset over the years. They've guided you in the financial decisions you've made. And they will continue to influence you in the investments you have yet to make (or maybe already have).

In order to be financially successful, you don't need to be a math whiz or even super rich. But you do need to understand your money mindset, how you think about money, how you relate to it, and what it does and doesn't mean in your life. This Free E-Book is worth the time if you're looking for some guidance on this topic.

Next, you can set up some purchasing parameters for yourself that allows you to make any investment and know with assurance that you won't lie awake at night wondering if you made the right decision. After all, there are only two types of investments, good or bad, and you don't get any do overs. These parameters will keep you feeling secure that you've made good choices.

It will also make you more aware of how you treat money and relate to it, so you can begin to develop a healthy relationship with it. Sounds corny, but too many people let money make their decisions for them, instead of them making decisions about money, simply because they don't understand their financial thinking. Wouldn't it be great the next time you were presented with a financial investment, you knew immediately whether it fit one of your investment strategies or could give you the ROI (rate of return) you desired?

So right now, today, sit down and write down all of your thoughts and feelings about money, good or bad. Analyze your money mindset. Then, it's decision time.

Do you have the money mindset to be a successful real estate investor? If you're always operating from a place of scarcity, if you feel you don't deserve financial freedom, if you have a hard time making financial decisions, if you don't like to even talk about money with your spouse or kids, then you may have to spend some time re-programming your thinking, or, maybe this isn't the right business for you right now.

But if you feel like there's more than enough money in this world to go around, if you believe without a shadow of a doubt that you deserve all the wealth and success that can come your way through real estate investing, if you can make decisions by analyzing the data and getting advice from your team or partners because talking about money feels normal and natural, then this is the business for you. Your money mindset is perfect!