Motivation?

There is really no other reason than to obtain financial benefit. If you are not interested in looking for property, alternative investments should be considered.

The Mortgage Adviser

Hi
This is my first post here, although I have been reading you guys for over a year. Although I haven’t started my PI career I have my own business that is now 15 months old, and I must say that the motivation to me is the same.

I’ll often look at people older then me in the same dead end job, complaining about their life but never prepared to do anything about it.

Whether you invest in property, set up a business, invest in shares – to me it’s all about becoming financially independent, being my own boss but also taking on challenges!! I never did like working for anyone else, it just didn’t feel right.

It’s never easy, if you want big things you have to be prepared to bust your gutts continually, and take knock back after knock back…Accept right now that being out of your comfort zone is the best thing you could feel, as if you aren’t uncomfortable, then you aren’t growing.

Life is just game, decide what part you want to play in it and just do it.

Jo.

I am motivated by a passion I have for property, which I believe has come from my parents and their eagerness to buy, sell and hold property while I was growing up. To withstand all the doom and gloom of investing in property, long-term, you need to have something more than an acute understanding of the financial aspects. Like any business, to be truly successful a passion for what you are doing is essential.

My wife reckons to be reasonably successful you need to have a steely determination and be slightly compulsive and obsessive.

I sort of agree with her – depending on your definition of ‘reasonably successful’ of course.

Paying off your PPOR and retiring happy on the pension was the old definition….I think most of society has moved on since then and would now consider that not too successful. Having said that, I’ve lived in suburbs where even that modest goal (in todays terms) is so far out of reach and not even on the radar…to be laughable – what’s a goal right ??

What motivates me the most ?? Well, seeing as though ‘the game’, if played at a reasonably high level, is a bit of a long haul time wise – it’s the satisfaction knowing that you are breaking new ground within your immediate sphere of influence…that is, no-one you personally know is doing what you are doing, or doing it at the same level…and because of that…people come to you for advice. That is very humbling when approached by a far senior member of your family or close associate.

I reckon it’s the elevated plateau that you should be shooting for, rather than the infrequent dizzy peaks to keep you motivated for the long haul.

Cheers,

Dazzling

“No point having a cake if you can’t eat it.”

Yep, along with others, I have a love of property- an inherited love of it (not inherited money from property- just an inherited love of property).

I also really enjoy economics, and I am a bit of a compulsive reader about demographics and trends. All in all, property interests me- academically, and practically. Also, because I am committed to social justice, I engage in ongoing self-scrutiny about how I play the property game (it’s easier to work for social justice than to buy private property, when you’re me!)

I also look forward to one day being able to have my own home- when I’m older- and until then, being satisfied about what I have now.

For me, there’s a lot of personal satisfaction in property- not just counting money… but other things too. I see investing like education- it’s an achievement, and prepares me for the future.

The motivation is not using some arbitrary figure as “success” or something- it’s just another interest- like golf, politics, or any other thing I’m passionate about. The goal is just living it.

kay henry

Hi me.s.hall,
I loved your post (especially re: comfort zones). For me personally I agree with your openning comment, but in reverse. What I love (and am searching for) is, ‘the people, loving your job, the money and I believe this is what motivates people (property investors or not) to getting up in the morning.
Cheers,
Gatsby.

“Sometimes the hardest thing to do in life is often the best thing to do.”

Bloody soon I hope Kay!
Cheers,
Gats!

“Sometimes the hardest thing to do in life is often the best thing to do.”

Hi Fun, try this:

think about all the things that you really really love to do, have and enjoy. Don’t worry about how much they cost – just do a really long brainstorming type of list.
eg.
coffee in cafe overlooking the bay
playing footy with mates in park
ride on an air balloon
2 hour spa treatment
day rental of sports car
day off walking in national park
etc etc etc – what ever it is that really enlivens your heart and enthusiasm – what ever is specific to you.

Make it a long list.

Then – Take out a callendar and depending on what you can afford to do – start to ‘book in’ some rewards for yourself on a regular basis. daily – weekly – monthly – quarterly and yearly rewards. Fill up your callendar with special treats that are specific to you – that will really make you happy over a period of time.

Make sure that you block time out of your callendar for these things and don’t let other people’s requests change your plans. Be ‘busy’ if you have been requested elsewhere (as much as practicable) and make them change their plans for you – make your needs a priority.

This is the most important part – make sure that you reward yourself with these things even if you make really tiny steps in moving forward with your property investment. This is about changing your behaviour and making property investing followed by doing things that fullfil you personally a HABIT.

It is this habit that will keep you motivated to keep investing to keep gettin these ‘rewards’ that suit you.

This is the way I believe you may be able to break out of that innertia that is stopping you from getting to that next ‘plateau’.

So don’t hold back – start with your list tonight – make it long – don’t worry about the cost of things because the things that don’t cost money will get you motivated and then you will be able to achieve the things you want that do cost money. So don’t focus on the money yet as it does not seam to motivate you as it does others.

Go for the things you love and the Property Investing will get you to them

Let us know over the next couple of days how you go.

Mind you I think I’ll start on my list now!!

Fun, I suppose I am no different to the answers already given as to what keeps me motivated. On the flip side though, what takes the motivation out very quickly is when people around me start to put me down & make me think what I am doing is wrong. Once I realised this, my circle of friends changed & although you can’t get rid of family, I just stopped telling them what I was up to. Now my answers to their questions are too broad for them to take me down eg. my properties are fine! I found it hard at first because you expect family to support you but when it is something strange to them or out of their comfort zone then it must be wrong. I find getting together with friends with like goals to be very motivating when we share ideas etc.

If you have GOAL POST in front of you at all time, then this will keep you motivated. I hate to work for someone therefore investing in property is part of my goal.

Kind Regards

JetDollars
“The road of some-day lead to the town of nowhere”