For me the most powerful sentence I ever read was, “The difference between average people and wealthy people is how they think.”
That is a sentence I will never forget, and it always inspires me when times are challenging. Wealthy people quite literally are capable of manifesting wealth simply by how they think. If you have ever read the book, “Think and Grow Rich” by Napoleon Hill, it pretty much sums this up.
With a new year upon us and new investment goals being set, I always like to share with my investors this formula that all Investors and all successful people go through for the manifestation of wealth. Like golf, it is easy, but it may not necessarily be simple.
Thoughts = Feelings = Actions = Results
While you wrap up the year and prepare your goals and objectives for investing, you indeed can manifest the results you want with this easy formula.
What differentiates those who succeed at accomplishing their goals and those who do not quite seem to uncover the results they want? A simple answer: it is how they think.
My best investment deal was accomplished with this formula
The investment property that was not for sale and owned by another investor.
I previously shared a story of a four-unit apartment building I purchased that was not even for sale. The seller said he would die with this property.
Yet I was able to not only purchase the property, but convince the seller to sell it to me for a 5% down payment and to carry a note for the other 15% of the down payment, and even give me a moratorium on the payments for one year.
I then converted the property into four individual villas and increased the overall investment by $236,000.
In three months I made $236,000 off a $26,000 down payment because I had clearly defined thoughts that were written down.
Those thoughts translated to feelings of eagerness and unstoppable ability.
Those feelings translated into positive actions that would help me plow through obstacles I encountered. I share this only to impress upon you the power you have within yourself to manifest whatever you wish.
What are your thoughts?
What is it you think about as it relates to investing? Do you stay informed on the latest trends in investing or do you perhaps get caught up in chasing the latest shiny object? Or worse yet, do you not define a clear and concise plan of action to take? If the latter is true you may want to look at your thoughts. You can be assured when Warren Buffett makes investments he has clearly defined his thoughts with laser focus. Dare to develop your focus with laser clarity.
Your thoughts translate toward feelings
No, I am not going soft on you. Every thought indeed evokes a feeling or emotion. How you feel about your thoughts dictates your actions. So ensuring you have great conviction around your thoughts is paramount to creating the action steps required to see your thoughts through to reality. When a thought merely runs through your mind and is not written down, you often lose the required feelings to escalate it into reality. When I was negotiating on the fourplex, having my written strategy plan down was key to ensure I knew my end game and would not waver from the steps needed to get to the results. Written thoughts with action steps drafted for completion will propel you closer to completion.
Your feelings translate toward actions
Making important financial-altering decisions becomes easy when you feel positive about the thoughts and feelings around the decision. You can go from deciding on $1,000 decisions, to hundreds of thousands or even million-dollar decisions with ease.
Remember the only difference between a $100,000 decision and a $1,000,000 decision is an added zero. When you feel the same way toward a million-dollar decision as you do a $100,000 decision, you have the ability to manifest wealth. The quickest way to accelerate wealth is to invest with more zeros. To do so, you want to be thinking clearly. At the time of my fourplex purchase, it was four times the price I ever paid for a single investment, yet I was more at ease with this decision than any investment I made to date because of this formula.
Your actions translate into results
This is what everyone finds to be the hardest step of all. Action, or lack of action, is the only thing standing between you and success. If you have created great thoughts and feelings and then take action, you will eventually have positive results.
It is the fear of failure that tends to freeze us in our tracks. It is said that issues will generate fear, and fear kills deals. If you let issues scare you, you may want to re-assess your feelings around your decisions.
I removed any fear of failure on this fourplex purchase because I clearly researched everything and knew exactly the outcome I was looking for. With no fear, I was unstoppable.
Having support teams like your real estate power team is important to help plow through these fearful times. Keeping informed on current investing trends and market conditions can help eliminate the inactivity.
The ability to accept issues as they come and make sound decisions on how to work through the road blocks, is the factor that separates the Warren Buffetts and Donald Trumps from those who fail to take positive action. They are able to obtain great results as they took great action. These great actions stemmed from having good and positive feelings around their thoughts.
So as I tell all my investors, when you are ready to create wealth you can manifest it, and it all starts with a thought. What are your thoughts for your 2015?
Invest to win.
Visit Larry’s website here.
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