Mindset for Beginners?

[Andrew Casal]

Hello everyone!

I wanted to get some feedback from some of the more experienced investors on the site.

I'm still very green at the moment, I have my first rental property that I am house hacking and requires a lot of work that I am slowly working through. Once I have this property stabilized I want to buy at least 1 more property this year, aiming for 2. I am also a licensed realtor beginning to build that business.

I find that I am very hard on myself and have trouble getting past a lot of the noise and negativity with everything going on. I do have a large community I connect with and have some very supportive coaches and mentors that I work with. However with all of that I still find I have trouble pushing past that.

Does anyone have any pointers for people starting out and how I should focus/maintain the mental "capacity" to keep pushing forward?

[Justin Hoggatt]

@Andrew Casal, I always love this question.  It is something I think that we all deal with is maintaining motivation and mindset because whether you are a beginner or moving on to the next level, there is still the need to continue the motivation or change your mindset.  

For me, I've always been a very goal oriented person.  When I set my mind to something, I get it done.  I don't stop and I don't quit.  You'll run into road blocks and various hiccups and that's okay.  Just know that you'll find the answer and carry on.  That will include deals not working out, it will include a lot of time "wasted" but is a learning experience, and properties that just seem to have a lot go wrong all at once - to name a few.

For me, I've been working on changing over to a new asset class for myself along with my business partner @Adam Lendi, RV Parks and Campgrounds.  We've been doing a lot of work on getting that going and we haven't always won.  But what we have done is gain experience and knowledge on a lot of other things along the way, even allowing us to focus on a new Wealth Watchers group and podcast.  If you realize that there will always be naysayers and negativity out there and ignore it, you'll also see a ton of positivity and others that are willing to help you get going.  Continue to stay focused, set those goals, allow yourself some time, and that ball WILL get rolling.

Good Luck!