Mindset

MONEY IS NOT THE PROBLEM

I am sure you have met one or two of them on your travels – people who are seriously good at explaining why they can’t do something – something that is in their interest and would seriously benefit them.

As a property coach and adviser, I still get surprised by the sheer number and range of reasons people can give for not buying their first property – home or investment. 

I CALL THEM THE “EXCUSE MEISTERS” – MASTERS OF THE EXCUSE.

The first hurdle usually plonked before me is the “no money” gambit. They can’t get past go because they can’t raise a deposit. I got so depressed by this opener, I wrote a book as therapy: QUICK HOUSE DEPOSIT– setting out 50 everyday ways to raise a house deposit fast.

If they are a little evil they will sometimes add, “It’s easy for you – you’ve got the money”. Of course, they are rarely interested in my explanation that at one time I didn’t have a penny to my name. 

Then there is the “later” argument. “I want to get into property but it will have to be later”. Then the excuses:

  • I am too young
  • I am too old
  • I am not earning enough
  • I have many debts at the moment
  • I have a really rubbish credit record now
  • I don’t have any savings yet
  • I am not going to qualify for a mortgage any time soon.

And so on, and so on.

They will tell me earnestly: “Of course I totally want to buy a property – but not yet”. Of course what they are doing is laying on the excuses.

Property ownership is not for them because they weren’t born with a silver spoon in their mouth. They are not expecting a huge inheritance and have no relatives or friends kind enough to chuck them a few thousands without too many questions asked.

THE BASICS OF BUYING A PROPERTY
Buying a flat? What to consider
Raising a deposit
The importance of savings
The best time to buy

I know one excuse meister who I first talked about property ownership 20 years ago. 

NOW SHE TELLS ME SHE IS TOO OLD TO GET A MORTGAGE AND HER CREDIT RECORD IS FUNKY.

I know I am meant to be all politically correct and sympathetic, but at as the Rebel Property Coach that is about as likely to happen as England winning the football World Cup.

Look, let’s be frank, many an excuse meister is probably deep down afraid of owning their first property. Whatever the underlying cause, something incredibly strong and persuasive is holding them back.

That something is of course their “mindset” – and more precisely, a negative, no-can-do mindset.

What they need to do is to cultivate a positive can-do mindset. 

Mindset, not money, is often the fundamental thing holding back would be homeowners or property investors.

It is not the lack of money that is holding them back, it is their attitudes, approaches and decision making – which are pretty much pre-set to no-can-do.

But mindset negativity is not something which only affects excuse meisters. It is something we all suffer to a greater or lesser extent at some time or the other.

Inaction is always easier than action and it is the easy option to do nothing rather than take up a challenge where failure can be the outcome.

QUICK HOUSE DEPOSIT:
50 Ways To Put Together A Deposit in 6 Months
 

So let me get directly to the point.

ARE YOU AN EXCUSE MEISTER?

Have you been over-dosing on excuses and  holding yourself back from buying a property to live in or as an investment property? Do you already own properties but shy away from growing your portfolio because you don’t feel up to the challenge and prefer to stick rather than twist?

If so chill – it’s nothing to fear.  It’s a really common affliction and it can be easily tackled once you know the reason.

There are countless self-improvement books and ebooks giving the A to Z on mindset. There are courses, podcast and webinars you can access. Going to property meet-ups and talking to other property people in the same boat as you, as well as others who have moved on positively, is a great way to tackle your excuses head-on.

Also consider linking up with a qualified and recommended property adviser, trainer or coach.

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Dalton Barrett

Rebel Property Coach

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