Fear is a natural reaction to an unknown.
What a lot of new investors soon realize is the FACT that they are signing on the dotted line for a LOT OF MONEY. In order to GET that money you had to show a history of paying your debts. That history, and your future is what your gambling with. What you need to remind yourself is this…
Your first deal should be so good that you HAVE to do it! It should be almost like walking past money on the sidewalk. The reason I say this is you WILL make some big mistakes on your first investment. You will learn how much things REALLY cost to fix, how long they take to fix and what you should have fixed and should have left alone. That’s a whole lot of learning.
The pay off comes with patience… Once that first one is done you have gained and incredible amount of experience, even if you lost money.
The fear gets replaced with knowledge. Knowledge is the most powerful thing in the world. Once it is obtained it is priceless, obtaining it however, can be expensive.
Try this exercise for your mind…
Remember how you felt at a new job. You were uncomfortable, maybe scared. Eventually you overcome that and learn. You get good at your job, it becomes second nature. Remember that whenever your trying something new. I have found that by reminding myself how my brain was going to react to a new situation you can anticiplate the response and not be bothered by it.
Eventually you’ll learn to enjoy that rush/fear. Look at successful business people. They consistantly put themselves in postions that make them uncomfortable because that’s were they feel ALIVE!!! They do their best thinking in that enviroment because their brains have been trained to THRIVE on that type of situation. How many times have you seen VERY successful business people INTENTIONALLY turn their organization upside down just to shake things up. I personally know people who will tell you straight out “I do my best thinking under pressure.”
It’s a response they have LEARNED to embrace.
I’m a Firefighter… There is no more stressful situation on earth than pulling up to a home fully involved, and having a mother tell you her child is still in that house. I can also tell you that at that exact time, your brain becomes a laser. Time slows down, you look for a way to access that home and get to those bedrooms as fast as possible. It’s literally an oven your entering. From experience you know that kid is probably hiding somewhere in that bedroom, in a closet, under a bed. As you climb the stairs you pray that the door to that bedroom is still closed. If it is, you have a shot. If not, the heat and smoke will make that room untenable. You have 90 lbs. of gear on, and at that moment you have absolutely no feeling of weight on you at all.
The point of the story is Firefighters are mentally trained to react like this.
It starts in the Academy where you are introduced to fire. You learn what works and what can get you killed. It’s very cut and dried stuff. The thing that has always amazed me was how, through training, normal people are changed. Instead of running FROM the burning building they now RUN INTO IT!!