IMHO, visualising your goals is one of the most important steps to being an investor. You have to have a clear vision of what you want to achieve, how you want to achieve it, and what you do with it after you get there.
One way is to basically write a biography of your future self. Imagine you're a reporter writing an article about the future you. Imagine how the future you would answer:
1) What is the secret of your success?
2) What is your daily routine?
3) What sort of deals do you do?
4) Walk us through one of your best deals
5) What opportunities have you taken advantage of?
6) What's your lifestyle like? What's your family situation?
7) What would you tell an investor who is just starting out?
By thinking about how you would LIKE to answer these questions (based on your future self achieving the goals you have now) you force yourself to think about what you want in a different way. Also, since you assume your future self has already achieved the goals, you think about it from a positive standpoint. Also think about what you DON'T want to appear in the article. Those are things you want to avoid (e.g. how would you feel if you have a reputation of screwing people? Personally, for example, I don't have much of an issue with buying cheap off a desperate seller, but I want to be fair to partners.)
So, in addition to just having goals, you actually have a PERSON you want to become. Think about what your future self would know when doing a deal (this is what you need to learn), how he/she would act (that's how you need to learn to act - do you need to be calmer? More sympathetic? Learn to ask leading questions?), what resources he/she would have (those are the resources you need). Does he/she have business partners? What type? What sort of person would you have to be to attract such partners?
It's said that the difference between a good athelete and a top athelete is the mindset. I think being an investor is the same.
Alex
One way is to basically write a biography of your future self. Imagine you're a reporter writing an article about the future you. Imagine how the future you would answer:
1) What is the secret of your success?
2) What is your daily routine?
3) What sort of deals do you do?
4) Walk us through one of your best deals
5) What opportunities have you taken advantage of?
6) What's your lifestyle like? What's your family situation?
7) What would you tell an investor who is just starting out?
By thinking about how you would LIKE to answer these questions (based on your future self achieving the goals you have now) you force yourself to think about what you want in a different way. Also, since you assume your future self has already achieved the goals, you think about it from a positive standpoint. Also think about what you DON'T want to appear in the article. Those are things you want to avoid (e.g. how would you feel if you have a reputation of screwing people? Personally, for example, I don't have much of an issue with buying cheap off a desperate seller, but I want to be fair to partners.)
So, in addition to just having goals, you actually have a PERSON you want to become. Think about what your future self would know when doing a deal (this is what you need to learn), how he/she would act (that's how you need to learn to act - do you need to be calmer? More sympathetic? Learn to ask leading questions?), what resources he/she would have (those are the resources you need). Does he/she have business partners? What type? What sort of person would you have to be to attract such partners?
It's said that the difference between a good athelete and a top athelete is the mindset. I think being an investor is the same.
Alex
