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Updated about 7 years ago, 12/13/2017
How thinking smaller has brought more opportunity.
I started my journey in investing to work towards generating a great amount of income. When I dreamed about gaining my freedom from working for someone and moving into the realm of becoming an owner. My dreams were HUGE.
As I started working towards finding investments and building a reputation, I found it hard to bring in motivated sellers and cash buyers. I found this to be a problem! I needed to find a solution and this came in the form of a podcast (I will post a link when I remember where I heard it) and through various books/ blogs that I have read.
I realized that if I took my big dream and downsized it, I would have a more obtainable goal. Meaning this, I wanted a big house and five cars. For this, I needed to generate a substantial amount of income (which I haven't even had contact with sellers/buyers at this point). If I took that giant dream and put it into a smaller perspective of figuring out how to afford 1 car. I would have much better luck in my endeavor and most likely start moving forward in my progression to self sustainable income.
This worked out to be true. Even though I have not landed a deal, I have had much more success in finding buyers and sellers. Because, my goals are much, much general and simplified. I am not saying do not have your great goal of a giant house and 5 cars. What I am saying is life will probably work with you more when you work one at a time.
At this point (while I am writing this), I am ready to meet a motivated seller tomorrow that will bring me a nice income to cover my car payments and insurance, while putting a few extra dollars in the bank. This IS a start. And will bring future earnings.
While I am working that income property, I also have began working a deal on a 20 unit apartment building that will be flipped. I am excited because this will bring me my house that will create a safe environment for my family to prosper.
Instead of telling yourself, I can't afford something or I can't do this. Ask yourself how you can afford something and how you CAN do this. Your brain will start bringing answers for you and you will see that the smaller picture IS the bigger picture!