So, you’re feeling stressed because you don’t know how to get the right answer to your question, especially when it comes to investing. Well, guess what? Today, I’m sharing a couple of tips that will help reduce your stress and anxiety about getting the “right” answer.

I want to get you the answer to this question as soon as possible because if I don’t, you’re probably going to be searching for the right answer forever, especially when it comes to real estate investing. So, right off the bat, I’m going to talk about the concept of being a recovering perfectionist.

banner-podcast

I’ve talked about this before, and it’s definitely something I still struggle with. I always want the right answer. This was a good trait to have in school. You were probably a good student, too. That’s why you’re a part of this community: You want to keep learning and growing as a person.

But just because this concept worked in school doesn’t mean it’ll work in the real world. There will be some environments where there is a predefined right answer. In these cases, you’ll obviously want to get to the right answer as soon as possible. In other situations, this just isn’t possible. I’m not saying you’ll want to get the wrong answer, but sometimes it’s not as simple as right and wrong. This is especially true when it comes to investing.

Sometimes it’s about finding the right answer for you. What do I mean by that? The first step is to come up with whatever criteria you want to meet that will allow you to sleep well at night. Whatever investment you’re trying to make, you need to find out what you need to do with your capital, your time, and your energy that will give you peace of mind. This isn’t about what everyone else is doing because that might not work for you. Instead, it’s about what will work for your specific situation.

I’m going to use myself as an example here. I’ve talked many times before about the fact that I live in Spain and invest in the United States. I made the decision not to invest in Spain because I knew my criteria to help me sleep better at night. Investing in Spain would not have worked for me or my model. But that doesn’t mean it wouldn’t benefit you because you have different criteria than I do.

I’ve also spent a lot of time and energy talking about understanding why you want to take on an investment project. You need to ask yourself why you want to invest in long-distance real estate or multi-family prospects or whatever it is you’re interested in. The motivation for one will not be the same as motivation for another. In fact, they could be on opposite ends of the spectrum.

It’s important not to let anyone tell you what the right answer for you is because that’s not going to help you sleep at night. It’s not going to meet your criteria, which you have to carefully select for yourself — not anyone else. This is the only way you’ll be able to move forward toward your goal.

So, remember, there is no cut-and-dry right answer. The right answer depends solely on you and your situation. Stop looking for someone else to give the right answer. Once you know why you want to invest, and you figure out what works and doesn’t work for you, the right answer will come to you.

If it’s your first time here, I’m going to ask that you please subscribe to the blog, subscribe to our YouTube Channel, like our Facebook FanPage and follow us on our Instagram and Twitter channels. Make sure you listen to The Going Long Podcast where every week you’ll hear me interview the best experts in the real asset investing world.

Recurso 7Recurso 8Recurso 9Recurso 10Recurso 11

 

If you find value in this post, please like and share it with your friends. By sharing it, you’ll help bring in more like-minded people, which will help the community grow. We’ll be able to share and learn together. Thank you ahead of time for helping us do that.

If you’d like to learn more about how I work a corporate job and have been building my own real estate business on the side, you can simply click HERE for your free eBook. It’ll help you avoid making the same mistakes I did.

That’s my two cents for today. As always, hasta la próxima.

You can also check out my latest podcasts and collaborations here keeponcashflow.com/podcasts/