investing mindset secrets - trading game...success in property investing comes from four things: 1....
TRANSCRIPT
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Investing Mindset
Who wins and Who loses!
SECRETS
You need a recipe for
INVESTING SUCCESS
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Bullet proof head so you won’t give up
Humble nature to admit when you’re wrong
Knowledge
Stubborn nature Ability to Stand on your own two feet
Big Brain to think with
Strong heart so you’ll persist
Know when to reach out for support
Support of a
Mentor
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PERSIST
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WILL POWER
NO ALARM
NO COMMUTE
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INVEST
FROM
ANYWHERE BUT
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Choices...
‘Near Miss’ Psychology
Cognitive
Dissonance
Reject contrary
information and look for
confirming information
Traders often:
Ignore stops
Focus on “good news”
Want to be “right”
Shut themselves off
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Locus of Control
Blame
Arrogance
Fear
Greed protect self
image
IGNORED
REALITY
Have you ever noticed that you have
when investing in property.........
Prefrontal Cortex –Planning, personality, social
behaviour, consequences
Hippocampus – decision
making and factual memory
Amygdala – emotional
memory and anxiety
The Modern Brain
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MRI MiraclesMRI Miracles
• Neuroplasticity
• The 10% Myth
Oxytocin
Testosterone
Dopamine
Hormones & Neurotransmitters
Discover the
4 best ways to build your
neural
connections! Musical Instrument
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New Language Novel Experiences
Exercise
“Your net worth to the world is usually
determined by what
remains after your bad habits are
subtracted from your good ones”
Benjamin Franklin
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Adopt one new, tiny
habit
…just one…
It must be easy to measure.
You must be able to do it
frequently.
You must give it a 9 or 10 on the
‘confidence scale’.
How confident are you that you
can do this habit?
No chance
0
Maybe yes, maybe no
5
Absolutely
10
Write down one habit you’re going to cultivate
after this week...
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Some ideas to get you started…
Success in property investing comes from four things:
1. the right knowledge2. the right strategy3. a good team around you
4. the right mindset
Choose one thing from this list and write down an action based on this…
If you want financial independence you need to build a substantial asset base -
cash flow isn’t enough.
If you have a big enough asset base you’ll
get all the cash flow you require.
Write down one action or habit that you can do tomorrow or tonight based on this…
You’ll learn most of what you need to learn in your first 2 or 3 development projects.
Start small and get through those and
you’ll be set.
Write down one action or habit that you can do tomorrow or tonight based on this…
If you’re the smartest person in your team you’re in trouble.
Surround yourself with experts.
Write down one action or habit that you can do tomorrow or tonight based on this…
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Write down one habit or action you’re going to
cultivate after this weekend...
“ Thanks Michael!
Your friendship means the world to me.”
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