3 Mental Shifts You Need to Make to Become a Real Estate Investor
When it comes to real estate investing, psychology is just as important as math. In order to be successful, you need to make a few mental shifts so
that you can handle the ups and downs of the market. In this blog post, we will discuss three of the most important mental shifts that you need to
make in order to become a successful investor. Stay tuned for our next post, where we will talk about how to add these concepts into your daily
- Learn to Accept Losses: Real estate investing is not a get-rich-quick plan and losses are inevitable. Instead of viewing these losses as failures, take them as learning experiences and use them to inform your future decisions.
- Avoid the Gambler’s Fallacy: It can be tempting to stay in a losing investment, hoping that it will eventually turn around. This is called the gambler’s fallacy, and it’s one of the biggest mistakes real estate investors make. Realize that there are no guarantees in investing, and don’t be afraid to take losses when necessary.
- Never Follow the Crowd: Real estate investing is not a popularity contest. Avoid following the herd, as this can lead you astray and away from sound decision-making. Instead of listening to what others are doing, focus on your goals and develop an investment plan that works for YOU.
Everyone has different goals and risk tolerances when it comes to real estate investing. By following these mental shifts, you can set yourself up for
success in the long-term. Good luck!
Hello! I'm Jay Thomas, a REALTOR in Houston, Texas. Chances are you and I share a similar passion, Real Estate! I also have a passion for building
businesses, working out, inspiring others, technology, sports, and people. Connect with me on Facebook and Instagram!