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3/06/2013 1 Investing Mindset Who wins and Who loses! SECRETS You need a recipe for INVESTING SUCCESS

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Page 1: Investing Mindset SECRETS - Trading Game...Success in property investing comes from four things: 1. the right knowledge 2. the right strategy 3. a good team around you 4. the right

3/06/2013

1

Investing Mindset

Who wins and Who loses!

SECRETS

You need a recipe for

INVESTING SUCCESS

Page 2: Investing Mindset SECRETS - Trading Game...Success in property investing comes from four things: 1. the right knowledge 2. the right strategy 3. a good team around you 4. the right

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Page 3: Investing Mindset SECRETS - Trading Game...Success in property investing comes from four things: 1. the right knowledge 2. the right strategy 3. a good team around you 4. the right

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Page 4: Investing Mindset SECRETS - Trading Game...Success in property investing comes from four things: 1. the right knowledge 2. the right strategy 3. a good team around you 4. the right

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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

Page 5: Investing Mindset SECRETS - Trading Game...Success in property investing comes from four things: 1. the right knowledge 2. the right strategy 3. a good team around you 4. the right

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PERSIST

Page 6: Investing Mindset SECRETS - Trading Game...Success in property investing comes from four things: 1. the right knowledge 2. the right strategy 3. a good team around you 4. the right

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WILL POWER

NO ALARM

NO COMMUTE

Page 7: Investing Mindset SECRETS - Trading Game...Success in property investing comes from four things: 1. the right knowledge 2. the right strategy 3. a good team around you 4. the right

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INVEST

FROM

ANYWHERE BUT

Page 8: Investing Mindset SECRETS - Trading Game...Success in property investing comes from four things: 1. the right knowledge 2. the right strategy 3. a good team around you 4. the right

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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

Page 9: Investing Mindset SECRETS - Trading Game...Success in property investing comes from four things: 1. the right knowledge 2. the right strategy 3. a good team around you 4. the right

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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

Page 10: Investing Mindset SECRETS - Trading Game...Success in property investing comes from four things: 1. the right knowledge 2. the right strategy 3. a good team around you 4. the right

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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

Page 11: Investing Mindset SECRETS - Trading Game...Success in property investing comes from four things: 1. the right knowledge 2. the right strategy 3. a good team around you 4. the right

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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

Page 12: Investing Mindset SECRETS - Trading Game...Success in property investing comes from four things: 1. the right knowledge 2. the right strategy 3. a good team around you 4. the right

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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...

Page 13: Investing Mindset SECRETS - Trading Game...Success in property investing comes from four things: 1. the right knowledge 2. the right strategy 3. a good team around you 4. the right

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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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