Retire on Real Estate by K. Kai Anderson

Author:K. Kai Anderson
Language: eng
Format: epub
Publisher: AMACOM
Published: 2018-02-04T05:00:00+00:00

Try to pose for yourself this task:

not to think of a polar bear, and you will see that the

cursed thing will come to mind every minute.

FYODOR DOSTOEVSKY

Russian novelist (1821–1881)

Put Your Goal in Your Face

Napoleon Hill, of the last century, was one of the best-known writers on the power of the mind in achieving our goals. He coined the word “autosuggestion,” defining it as “the agency of control through which an individual may voluntarily feed his [or her] subconscious mind on thoughts of a creative nature, or, by neglect, permit thoughts of a destructive nature to find their way into this rich garden of the mind.” In other words, we can control our thoughts, and our thoughts determine our destiny.

He recommended a few key actions. For starters, he urged writing down one’s goal and posting it in an obvious place so that you are reminded of it on a daily basis. This could be your bathroom mirror, the dashboard of your car, or even as a reminder on your computer or smartphone. He also recommended saying the goal out loud to yourself at least once or twice daily.

Most importantly, Napoleon Hill spoke of the importance of passion. In his seminal book, he writes: “Your ability to use the principle of auto suggestion will depend, very largely, upon your capacity to concentrate upon a given desire until that desire becomes a burning obsession.”1

It helps if you can put things in your environment that help you keep your goal in the forefront of your mind. This is because, no matter how important your goal is, there is a natural, albeit self-sabotaging, human tendency to put off important tasks. For example, most of us experience this tendency with seemingly arduous tasks such as creating budgets, consolidating 401(k) accounts, and setting up wills. Getting your first rental is an equally important item on this list.

The thing is, if we put something off long enough, it simply doesn’t happen. In fact, and odd as it is, it seems that the larger or more financially significant the goal, the greater the tendency to procrastinate, probably due to our feeling overwhelmed and intimidated. This is why it’s good to post reminders, even sticky notes, around your personal world until you’ve achieved your goal.

As a last word on procrastination, with rental property it really doesn’t pay to delay. Consider that the sooner you get your first rental, the sooner the renters begin paying off the mortgage, and the sooner you will achieve the Ultimate Goal of owning a fully cash-flowing asset for your new and truly diversified retirement plan.

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