{"id":1235,"date":"2021-12-15T17:35:52","date_gmt":"2021-12-15T17:35:52","guid":{"rendered":"https:\/\/royabhishek.in\/urbanbuyer\/i-would-have-been-a-better-property-investor-if-i-knew-these-12-things-earlier-in-life\/"},"modified":"2021-12-15T17:35:52","modified_gmt":"2021-12-15T17:35:52","slug":"i-would-have-been-a-better-property-investor-if-i-knew-these-12-things-earlier-in-life","status":"publish","type":"post","link":"https:\/\/royabhishek.in\/urbanbuyer\/i-would-have-been-a-better-property-investor-if-i-knew-these-12-things-earlier-in-life\/","title":{"rendered":"I would have been a better property investor if I knew these 12 things earlier in life"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div id=\"toc_container\" class=\"no_bullets\">\n<p class=\"toc_title\">Please use the menu below to navigate to any article section:<\/p>\n<\/div>\n<p><strong>Recently one of my nephews, who has suddenly taken an interest in the property, asked me: \u201cYou\u2019ve been investing for a long time \u2013 <\/strong><strong>If you could go back 40 or 50 years, what <img fetchpriority=\"high\" decoding=\"async\" class=\"alignright size-medium wp-image-91367 img-responsive\" alt=\"Time 371226 1920\" width=\"300\" height=\"200\" sizes=\"(max-width: 300px) 100vw, 300px\" data-loading=\"lazy\" src=\"https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/08\/time-371226_1920-300x200.jpg?quality=70&amp;f=auto\" srcset=\"https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/08\/time-371226_1920-300x200.jpg?quality=70&amp;f=auto 300w,&#10;https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/08\/time-371226_1920-768x512.jpg?quality=70&amp;f=auto 768w,&#10;https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/08\/time-371226_1920-1024x683.jpg?quality=70&amp;f=auto 1024w,&#10;https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/08\/time-371226_1920-1160x773.jpg?quality=70&amp;f=auto 1160w,&#10;https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/08\/time-371226_1920.jpg?quality=70&amp;f=auto 1920w,&#10;\"\/>would you have liked to know then that would have made you do things differently?\u201d<\/strong><\/p>\n<p>Now that\u2019s a great question, isn\u2019t it?<\/p>\n<p>It made me realise that I have lived long enough to stop thinking about the past with regret, yet there are lots of things I wish I had known earlier in life.<\/p>\n<p>These would have made me a better and wiser person and a more successful property investor.<\/p>\n<h4>So here are the twelve things I wish I had known about \u201c<i>then<\/i>\u201d<\/h4>\n<h2><span id=\"1-become-the-pilot-of-your-lifenbsp\"><span style=\"color: #000000;\">1. Become the pilot of your life\u00a0<\/span><\/span><\/h2>\n<p>Everything changed for me when I learned that my thoughts lead to my feelings, my feelings lead to my actions and my actions lead to my results.<\/p>\n<h4><span style=\"color: #000000;\"><img decoding=\"async\" class=\"alignright size-medium wp-image-68529 img-responsive\" alt=\"success risk wealth\" width=\"300\" height=\"171\" sizes=\"(max-width: 300px) 100vw, 300px\" data-loading=\"lazy\" src=\"https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/06\/13171473_l1-300x171.jpg?quality=70&amp;f=auto\" srcset=\"https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/06\/13171473_l1-300x171.jpg?quality=70&amp;f=auto 300w,&#10;https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/06\/13171473_l1-768x439.jpg?quality=70&amp;f=auto 768w,&#10;https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/06\/13171473_l1-1024x585.jpg?quality=70&amp;f=auto 1024w,&#10;https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/06\/13171473_l1-1160x663.jpg?quality=70&amp;f=auto 1160w,&#10;\"\/><\/span><\/h4>\n<p>This meant my inner world (my thoughts and feelings) controlled my outer world (my actions and results)<\/p>\n<p>The turning point was when I realised that I was responsible for all the things (both good and bad) that happened to me.<\/p>\n<p>I then became the pilot of my life and not a passenger.<\/p>\n<p>And even if it\u2019s not true, I know I act differently and my results are better because I believe I\u2019m responsible for everything that happens to me<b>.<\/b><\/p>\n<h2><span id=\"2-keep-your-eye-on-the-prize\"><span style=\"color: #000000;\">2. Keep your eye on the prize!<\/span><\/span><\/h2>\n<p>When I was young no one taught me about the Reticular Activating System, that part of your brain that only lets you see in your surroundings what you focus your thoughts on.<\/p>\n<p>It pretty much always helps you to find what you are looking for.<\/p>\n<p>Setting goals and regularly reviewing them is one way to keep your focus on what\u2019s important and to help you take action that will move you closer to where you want to go.<\/p>\n<h2><span id=\"3-your-attitude-changes-your-realitynbsp\"><span style=\"color: #000000;\">3. Your attitude changes your reality\u00a0<\/span><\/span><\/h2>\n<p>It\u2019s the old <i>\u201cis the glass half full or half empty\u201d<\/i> story.<\/p>\n<p>When things happen in life that we don\u2019t like, we can either choose to see them as a problem or as a solution waiting to be discovered.<\/p>\n<p>It took me quite a while to discover that if you change your attitude, you actually change your reality.<\/p>\n<p>When you have a positive attitude instead of a negative one, you start to see things and viewpoints that were invisible to you before.<\/p>\n<h2><span id=\"nbsp4-you-must-give-to-receive\">\u00a04. You must give to receive<\/span><\/h2>\n<p>As children, we are told that joy is in giving rather than receiving.<\/p>\n<p>But as we become adults, for many life becomes about what we can get out of someone or something.<\/p>\n<p>However, if you want to increase the value you receive (be it money, love, kindness, opportunities) you have to increase the value you give.<\/p>\n<p>Because over time what you get is in proportion to what you give.<\/p>\n<p>While it would be nice to get something for nothing, that seldom happens.<\/p>\n<h2><span id=\"5-be-pro-active-rather-than-reactivenbsp\"><span style=\"color: #000000;\">5. Be Pro-active rather than reactive\u00a0<\/span><\/span><\/h2>\n<p>There seem to be 3 types of people:<\/p>\n<ul>\n<li>Those who make things happen<\/li>\n<li>Those who watch what happens, and\u2026<\/li>\n<li>Those that sit and wonder \u201cwhat just happened?\u201d<\/li>\n<\/ul>\n<p>Be in the first group and always be on the lookout for opportunities.<\/p>\n<h2><span id=\"6-make-your-time-count\"><span style=\"color: #000000;\">6. Make your time count!<\/span><\/span><\/h2>\n<p>How often have you heard someone say: <i>\u201ctime flies\u201d<\/i>?<\/p>\n<p>Indeed it does, so use it wisely!<\/p>\n<p>Just as you are careful about how and where you invest your money, you should also be careful as to how you invest your time.<\/p>\n<p>The Pareto Principle says that 80 per cent of the value we receive comes from just 20 per cent of what we do with our time.<\/p>\n<p>So what things do you spend your time doing that take a lot of energy yet deliver few results?<\/p>\n<h2><span id=\"7-mistakes-mean-growth\"><span style=\"color: #000000;\">7. Mistakes mean growth!<\/span><\/span><\/h2>\n<p>Sometimes negative experiences, mistakes, and failures can be even better than success because they teach you something new which another win could never teach you. <img decoding=\"async\" class=\"alignright size-medium wp-image-68528 img-responsive\" alt=\"success\" width=\"300\" height=\"213\" sizes=\"(max-width: 300px) 100vw, 300px\" data-loading=\"lazy\" src=\"https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/06\/44375941_l1-300x213.jpg?quality=70&amp;f=auto\" srcset=\"https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/06\/44375941_l1-300x213.jpg?quality=70&amp;f=auto 300w,&#10;https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/06\/44375941_l1-768x544.jpg?quality=70&amp;f=auto 768w,&#10;https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/06\/44375941_l1-1024x726.jpg?quality=70&amp;f=auto 1024w,&#10;https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/06\/44375941_l1-1160x822.jpg?quality=70&amp;f=auto 1160w,&#10;https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/06\/44375941_l1.jpg?quality=70&amp;f=auto 2048w,&#10;\"\/><\/p>\n<p>However, we are often so driven to get things right that we fail to see the value in the things we get wrong.<\/p>\n<p>Instead, we spend our time wishing we had done it differently.<\/p>\n<p>Or not doing anything at all because they fear of making mistakes paralyzes us.<\/p>\n<p>If you get it wrong, learn from your mistake and make it count by doing it differently next time.<\/p>\n<p>One \u201cfailure\u201d can \u2013 with time \u2013 help you create many successes.<\/p>\n<h2><span id=\"8-donrsquot-waste-your-time-worrying\"><span style=\"color: #000000;\">8. Don\u2019t waste your time worrying<\/span><\/span><\/h2>\n<p>Most things you fear will happen, never do.<\/p>\n<p>They are just monsters in your mind.<\/p>\n<p>And if they do happen then they will most likely not be as bad as you expected.<\/p>\n<p>So now when confronted with a challenge I put things into perspective by asking myself:\u00a0<img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-80706 img-responsive\" alt=\"success\" width=\"300\" height=\"200\" sizes=\"(max-width: 300px) 100vw, 300px\" data-loading=\"lazy\" src=\"https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/02\/48507505_l-300x200.jpg?quality=70&amp;f=auto\" srcset=\"https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/02\/48507505_l-300x200.jpg?quality=70&amp;f=auto 300w,&#10;https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/02\/48507505_l-768x512.jpg?quality=70&amp;f=auto 768w,&#10;https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/02\/48507505_l-1024x683.jpg?quality=70&amp;f=auto 1024w,&#10;https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/02\/48507505_l-1160x773.jpg?quality=70&amp;f=auto 1160w,&#10;\"\/><\/p>\n<ul>\n<li>What\u2019s the worst that can happen?<\/li>\n<li>What\u2019s the best possible outcome? And\u2026<\/li>\n<li>What is the most likely thing that\u2019s going to happen<\/li>\n<\/ul>\n<p>This means you shouldn\u2019t take things too seriously because that which seems like a big problem today, you may not even remember in five years.<\/p>\n<p>So lighten up a bit.<\/p>\n<p>Time spent worrying is time that could be spent identifying opportunities and taking action.<\/p>\n<h2><span id=\"9-donrsquot-compare-yourself-to-others\"><span style=\"color: #000000;\">9. Don\u2019t compare yourself to others<\/span><\/span><\/h2>\n<p>When you compare yourself to others you let the outside world control how you feel about yourself.<\/p>\n<p>Instead strive to become the best you can be and look at how far you have come, what you have accomplished, and how you have grown.<\/p>\n<p>And here\u2019s 3 property related concepts I wish I realised earlier in my investment career:<\/p>\n<h2><span id=\"10-the-economy-and-investment-markets-move-in-cycles\"><span style=\"color: #000000;\">10. The economy and investment markets move in cycles<\/span><\/span><\/h2>\n<p>That\u2019s mainly because most of us get swept up in the optimism or pessimism of others.<\/p>\n<p>Of course, no two cycles are ever the same, but investors need to know that each downturn paved the way for the next boom just as each boom sets the scene for the next slump.<\/p>\n<h2><span id=\"11-itrsquos-important-that-investors-enjoy-the-magic-of-compounding\"><span style=\"color: #000000;\">11. It\u2019s important that investors enjoy the magic of compounding<\/span><\/span><\/h2>\n<p>Wealth is created by building a substantial asset base.<\/p>\n<p>You do this by holding good investments for a reasonably long time, reinvesting the income you\u2019re receiving, and allowing your capital gains to build up.<\/p>\n<p>And finally\u2026<\/p>\n<h2><span id=\"12-every-year-there-is-an-x-factornbsp\"><span style=\"color: #000000;\">12. Every year there is an X factor\u00a0<\/span><\/span><\/h2>\n<p>An unforeseen event or situation that blows all our carefully laid forecasts away.<\/p>\n<p>That\u2019s why it\u2019s critical to have a contingency financial buffer.<\/p>\n<p>In conclusion,<b> <\/b>we live in the best country in the world and at the best time in history.<\/p>\n<p>Appreciate what you have and enjoy the journey of life because an attitude of gratitude is a simple way to make yourself and those around you feel happy.<\/p>\n<p>Now, what are you going to do with your life?<\/p>\n<p><span style=\"color: #ff9900;\"><strong>ALSO READ: <\/strong><\/span><a href=\"https:\/\/propertyupdate.com.au\/4-things-all-newbie-property-investors-must-understand\/\" target=\"_blank\" rel=\"noopener\">4 things all newbie property investors must understand<\/a><\/p>\n<aside><strong style=\"clear: both; margin: 40px 0 20px 0; font-size: 24px; color: #000000; font-family: Oswald, Regular; font-weight: 400; line-height: 1.1;\">Now is the time to take advantage of the opportunities the current property markets are offering<\/strong><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-large wp-image-139884 img-responsive\" alt=\"Metropole\" sizes=\"(max-width: 1160px) 100vw, 1160px\" data-loading=\"lazy\" src=\"https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/05\/metrople-team.jpg?quality=70&amp;f=auto\" srcset=\"https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/05\/metrople-team.jpg?w=400&amp;quality=70&amp;f=auto 400w,&#10;https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/05\/metrople-team.jpg?w=800&amp;quality=70&amp;f=auto 800w,&#10;https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/05\/metrople-team.jpg?w=1160&amp;quality=70&amp;f=auto 1160w,&#10;\"\/><\/p>\n<p>Sure the markets are moving on, but not all properties are going to increase in value. Now, more than ever, correct property selection will be critical.<\/p>\n<p>You can trust the team at Metropole to provide you with\u00a0<strong>direction<\/strong>,\u00a0<strong>guidance<\/strong>,\u00a0and\u00a0<strong>results<\/strong>.<\/p>\n<p>Whether you\u2019re a beginner or an experienced investor, at times like we are currently experiencing you need an advisor who takes a holistic approach to your wealth creation and that\u2019s exactly what you get from the multi-award-winning\u00a0<a href=\"https:\/\/metropole.com.au\/meet-the-team\/?utm_source=pu-postender&amp;utm_medium=referral\">team at Metropole<\/a>.<\/p>\n<p>We help our clients grow, protect and pass on their wealth through a range of services including:<\/p>\n<ol>\n<li><strong>Strategic property advice<\/strong>\u00a0\u2013 Allow us to build a <strong>Strategic Property Plan<\/strong> for you and your family.\u00a0 Planning is bringing the future into the present so you can do something about it now! <a href=\"https:\/\/metropole.com.au\/strategic-property-plan\/?utm_source=pu-postender&amp;utm_medium=referral\">Click here to learn more <\/a><\/li>\n<li><strong>Buyer\u2019s agency<\/strong> \u2013 As Australia\u2019s most trusted buyers\u2019 agents we\u2019ve been involved in over $4Billion worth of transactions creating wealth for our clients and we can do the same for you. Our on the ground teams in Melbourne, Sydney, and Brisbane bring you years of experience and perspective \u2013 that\u2019s something money just can\u2019t buy. We\u2019ll help you find your next home or an investment-grade property.\u00a0\u00a0<a href=\"https:\/\/propertyupdate.com.au\/investor-enquiry\/?utm_source=postender&amp;utm_medium=internallinks\">Click here to learn how we can help you<\/a>.<\/li>\n<li><strong>Wealth Advisory<\/strong> \u2013 We can provide you with strategic tailored financial planning and wealth advice. <a href=\"https:\/\/wealthadvisory.metropole.com.au\/?utm_source=pu-postender&amp;utm_medium=referral\">Click here to learn more about we can help you<\/a>.<\/li>\n<li><strong>Property Management<\/strong> \u2013 Our stress-free property management services help you maximise your property returns. <a href=\"https:\/\/propertymanagement.metropole.com.au\/?utm_source=pu-postender&amp;utm_medium=referral\">Click here<\/a> to find out why our clients enjoy a vacancy rate considerably below the market average, our tenants stay an average of 3 years, and our properties lease 10 days faster than the market average.<\/li>\n<\/ol>\n<\/aside>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/propertyupdate.com.au\/i-would-have-been-a-better-property-investor-if-i-knew-these-12-things-earlier-in-life\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Please use the menu below to navigate to any article section: Recently one of my nephews, who has suddenly taken an interest in the property, asked me: \u201cYou\u2019ve been investing for a long time \u2013 If you could go back 40 or 50 years, what would you have liked to know then that would [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,37,76,77,38,117],"tags":[],"class_list":["post-1235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing-in-property","category-latest","category-michael-yardney-blog","category-michael-yardneys-commentary","category-property-investment","category-success"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>I would have been a better property investor if I knew these 12 things earlier in life | Urban Buyer: Buyers Agent &amp; 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