Wealth may seem like a distant dream to many people.
But most people agree that wealth is something they definitely want.
Yet, most people who want wealth don’t know how to actually get there.
And it may be harder still to believe that part of the step is mental.
You have to believe that wealth is a possibility for you.
Like running a marathon, building wealth through property is all in your mindset.
What else do you need to build wealth holistically?
Take a look at these 4 principles:
Find Your Purpose
What does wealth look like to you?
Do you see exotic holidays and expensive cars when you think of wealth?
Or maybe you want a beautiful home in an exotic location.
Wealth looks like a lot of things to a lot of people...
...But the reality is that these images are symptoms of money.
They aren’t necessarily representations of real wealth.
Instead, think of what wealth means to you.
Your core reason, your “why”, is key because it gives you drive and purpose.
Keep That End Goal in Mind
Okay, you want wealth.
And you’re willing to work towards it.
But do you actually have a goal you’re working for?
Start with small and manageable goals.
Try writing them down every single day to keep your focus as you’re building.
Cons – Increased Risk If Used to Invest
It may be tempting to use equity for additional investments...
...But this comes with additional risks.
You’re investing with money you don’t have in your savings...
...That means if something goes wrong, you still have to pay interest on it.
That’s the best-case scenario.
You may be at risk of defaulting on the loan in a severe downturn.
Follow A Proven System
Now that you know where you want to go and why...
...it’s time for the next step.
How do you get there?
You can follow the steps of other successful people.
These people did the hard work for you.
Old mate Tony Robbins is famous for this technique known as ‘modeling’...
...which can be applied to anything new you’re trying to learn.
Start by looking to and copying those who have achieved the things you want.
In property, follow the strategies of other people who have built the kind of portfolio and wealth you desire.
It can increase the likelihood of your own success.
How many strategies did you start only to abandon them for the next exciting one?
We all fall prey to “shiny object syndrome” wherein the next bright and eye-catching strategy gets our attention...
...And we end up abandoning the last one.
But that’s the last thing you want to do when building wealth.
FOCUS stands for Follow One Course Until Successful. And it’s important that you stick it out and do just that.
Ready to build wealth with Real Estate?
And remember, stay awesome, and keep dreaming bigger.