I thought I’d take a moment to give you a quick I Love Real Estate market update on what’s happening in real estate and with my students, because there’s good news to share in both areas. Besides, it’s important and gratifying to count your victories along the way…
With the lower interest rates taking effect, we’re seeing nice economic improvement as real estate market continues to rebound in Australia. Property values are rising in most areas and in those areas that are lagging behind, I Love Real Estate investors are finding some very lucrative opportunities. Many more of my students are taking advantage of my seminars and boot camps and educating themselves about the real estate investing market and are using their education to put deals together.
I must say that it’s really paying off! I’m seeing my students make some remarkable deals and take full control of their lives and their financial situations. It’s wonderful for them and it’s certainly pleasing to me to have helped them gain their financial freedom.
The adversity journey
Having said that, I still receive quite a lot of emails and letters from some of you who are not yet in control of your financial situation or who are under some stress for one reason or another–perhaps you’re going through a divorce or have lost your job. I’ve said it before, but it’s true; I know what you’re going through and so do many of my students. Many of them have come through tough times as well.
That’s why I love to highlight those who have come through adversity and are now thriving in real estate investing. It’s to show you that it can be done and that you can do it, too.
And you know what else? When it comes to going through adversity, you are not unique! Everyone has his or her own adversity journey to go through. Yours might be a little different than someone else’s, but I guarantee you that someone else has had it worse than you and made it through better than ever.
The question that you need to ask yourself is “just what are you going to do about the spot in which you find yourself?”
Now, let’s be honest with each other. Sometimes when we find our situation less than ideal, we tend to focus on the results or symptoms of the problem or situation rather than the solution to the problem itself. Granted, I fully understand that when your house is on fire, you’re not worried about the color of the carpet! But when you’re in a difficult financial situation, you probably already know how you got there…
What you really need to do is figure out how to move forward from there!
Don’t ask ‘why’ but ‘how’
We can spend a lot of time asking why this or that happened or just simply the emotional cry of “Why me?” It’s a natural human response to when something bad happens or when a setback occurs in life. But crying “Why me?” doesn’t get you into any better situation, does it? Nor does it improve your state of mind. And lastly, dwelling in self-pity certainly doesn’t help you move forward, does it?
“Okay Dymphna,” I hear some of you saying, “that’s easy for you to say today, but what if you we’re in a tough situation? What would you do then?”
I remember asking myself the very same question when my life had come apart, but I didn’t waste any time asking myself why it happened to me. I put my energies toward finding out the answer to this question: “How do I get myself out of this situation?”
Once I asked myself that question, the answer for me–and for thousands of my students–has been found in real estate investing. And the beginning of that answer lies in education, which is what I Love Real Estate is all about.
You see, although we must acknowledge the circumstances that we may be in at the time, we must not allow the circumstances to paralyze our thinking or our actions. Otherwise there’s never going to be any forward progress happening, is there?
So, what’s the answer for you? The answer may not be exactly the same for everyone, but it does involve some very similar aspects no matter who you are, because how to think in a difficult situation does apply to everyone…
Forget about thinking about the “why” of your circumstances. Rather, your time is better spent thinking about the “how.” That is, you should be asking yourself, “How do I change my circumstances? How do I move forward?”
Acknowledge your new starting point
Once you ask these questions of yourself, you give yourself a new starting point from which to begin again. There is great power is being able to say yourself, “Alright, this is where my starting point is now. It’s not where I was before, but this is now my starting point.” This literally turns the page in your mind and lets your start your life anew.
Once you do this, you put the past behind you and you are not paralyzed by the circumstances at hand. That’s what I did, and it’s what so many of my students have done as well–and it’s what you need to do, too. When you do this, opportunities that you may not have recognized before, become visible.
It may be a JV with an investor or learning about options in order to broker a sale of blocks of land or even setting up a vendor financing deal. The kind of opportunity is secondary; the point is to allow yourself to see them. Too often, when we find ourselves in a difficult spot, we focus too much on the present circumstances and therefore don’t see the opportunities that may be right in front of us.
Ultimately, to move forward, you must open yourself up to new possibilities. This means not just in your mind, although that is very important; but in other ways, too. It might be where you are living or who you are spending your time with, or just deciding to take that leap of faith and attend one of my I Love Real Estate seminars. When you do, you will be surrounded by possibilities and opportunities that you never knew existed. You will also meet people like yourself, in a positive environment, who have taken their own adversity journey and are now thriving.
Come join us and start your new beginning today!