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How to Use Fear to Your Advantage in Real Estate Investing

real estate investing fear

Every single real estate investor out there has fears surrounding real estate investing.

For some folks, it’s fear of darn near everything from picking the wrong market to working with a bad property manager to losing every penny they invest on a bad deal. Others are terrified of a price drop. Other investors find the thought of rustling up joint venture partners or private lenders more terrifying than running their street naked and sober.

It doesn’t matter what you’re afraid of really. What matters is whether you let fear win in your life or not. What matters is whether the person with big dreams gets to decide what to do or whether the “little me” inside cripples you with fear.

Little me is what I have recently come to call that voice inside of myself that tries to talk me out of something I want to do. I like calling it little me because it reminds me that it’s little and I am big. It also reminds me that little me tries to keep me living little when I really want to live BIG!

Almost every day I have to spend some time battling with little me but over the past couple of years, I have learned to use some pretty cool techniques to propel me forward instead of letting little me hold me back.

But it wasn’t always this way. At many times in my life, little me was in charge. When I entered college, little me kept me from trying out for the volleyball team because I was afraid of being cut from the team. I just let myself assume I wasn’t tall enough and went to swim club instead – where there were no cuts the first year.

Little me kept me from leaving my job for quite some time. I had all these reasons why it wasn’t time or I wasn’t ready. I was scared because there was no guaranteed income if I left.

My little me kept me from creating a website for Rev N You for two full years after we started writing the newsletter. I didn’t know how to create a website. I was worried nobody but our friends and family would ever read it because we wanted to talk about the good and the bad … not just the good of investing in real estate. And I was definitely concerned about being judged.

Hindsight has taught me an important lesson though – and that is the lesson I want to share with you today. It’s the lesson that has made me stronger and more confident than ever before and I hope it will help you make the same change.

Looking back, I see that the very things that my big self was lying awake at night dreaming about, but that my little me was fighting hard to keep me from doing, have been the very things that have made the biggest and most positive impacts on my life.
I’m not saying any of these big leaps have been easy … in fact, every time I take a giant leap it takes an enormous amount of dedication, hard work, and persistence. Pretty much nothing worth achieving happens easily, at least not for me. But I am pretty thrilled with the life that we’re creating as a result of the giant and terrifying leaps we’ve taken. And that has helped me to work withlittle me instead of cowering to that little me. That is what I want to share with you today.

 

How You Can Use Your Fear (aka “little me”) to Achieve Great Success

1. Get in touch with the vision of what you want your life to be like. What do you want to be doing? Who do you want to do it with? Are there other people out there who have done what you want to do?? Can you see the path that they have taken?

2. What is the thing you KNOW you need to do to get where you want to go, but are the most afraid to do?

3. As soon as you have identified step #2 and an opportunity presents itself, take it. DO NOT ALLOW YOURSELF ‘time to think about it’ because that is the time when little me actually speaks up the loudest. If you take time to think about it, little me will shred the possibility up into little pieces. If you have #1 and #2 figured out and opportunity to step forward crosses your path make your move before your little me has a chance. It will feel terrifying but it will also feel right. I was utterly terrified to quit my job. I was shaking and sick to my stomach when I made the appointment to speak with my boss. But I also knew it was the right thing for me. So commit yourself. As soon as the opportunity that is right for you to move forward crosses your path JUMP into it. You’ll soon realize that doing that thing you feared so much is really not that bad at all!

4. Once you have jumped into it, the hard work actually begins. But here is where little me is very useful. Your little me is great at identifying weaknesses. I use my little me to tell me where I am weak and then I focus on getting stronger there. When I quit my job, I really had no idea how to handle the challenge ahead of me. Little me kindly pointed out my areas of weakness and I set out to hire mentors and purchase courses where I needed the most help. I’ve discovered that with my big self in the driver seat, creating my dreams and taking giant leaps toward them, I’m actually grateful to have my little me as a passenger to navigate potholes and spot problem areas.

It doesn’t mean everything goes well and it doesn’t mean I don’t have to work my butt off to make my dreams a reality but I can tell you the journey is quite unlike any I’ve been on before. And there’s something crazy and powerful about having a big dream and putting it out there so you can’t go back …little me will be chirping away trying to scare you from acting on your plan but when you take a giant leap forward past the point of no return somehow support pops up from everywhere giving you just the things you need to get you through. Even if, at the time, you don’t realize that’s what is happening.

Take a look at where your little me is running the show. Ask yourself if that fear is serving you?? If it isn’t and you feel it’s holding you back try my four steps above. Try using yourlittle me to create a BIG LIFE instead of letting your little me keep you small.

Published January 13th, 2011

Image Credit:©Cory Thoman |Dreamstime.com

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