How do you balance redeveloping your mindset vs making money now?

How do you balance redeveloping your mindset vs making money now?

Rental Property Investor · San Diego, CA · Member since 2019 · 11 posts · 1 vote

2 months ago when I began my journey to financial independence through real estate, I was pursuing educating myself on the inner workings, concepts, and ideas behind how to make money. Part way through up until now, I have sort of, switched gears to focusing on redeveloping my mindset on how I approach talking to people, dealing with money, negotiation tactics, and financial empowerment. I still am teaching myself day in and day out when it comes to podcasts, books, videos, blogs, and literally anything real estate knowledge source. I do this because I am acutely aware of how financially stupid I was with my money in the past, and how throughout my life, I've developed bad habits and negative attitudes towards the very things that matter greatly in terms of success as an investor and entrepreneur. I feel like I'm doing great so far, but I can't help but to think if I'm focusing too much on this and not enough on actually getting my first real start or deal!

The question I'm trying to ask in the title of my post is:

What do you guys & gals do to balance redeveloping your mindset towards what it means to become a wealthy person vs. actually putting the education into action?

Thank you for your read!

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  • Vendor · rockville, MD · Member since 2016 · 43 posts · 27 votes
    6y

    Hey Isaiah,

    Great question and i certainly relate to your issue. so much to learn, so much to do. IMO, it isn't about one or the other, but a constant pursuit of your best self. your best self most likely has more financial independence, AND is more educated. 

    Education is clearly the first step because you can do it with less resources and before you actually know what you want to pull the trigger on. however once the ball is rolling, you need to keep on learning all it can all come crashing down. 

    Maybe you can find ways in the early stage to dovetail the two, as an example, learning about credit scores and debt while aggressively paying down actual debt and manipulating you credit factors to increase your score. another example, mind an investor who need help in your area, work for free to learn stuff and ask instead for a tiny slice of a deal, learn and build your future at the same tie. it's a life long pursuit!

    i wish you luck out there

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