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Many years ago, I used to run a medical consulting company, which primarily focused on health coaching. This time of the year was always the busiest for me. No one wanted to talk to me over Thanksgiving or the rest of the holiday season. The last week of December, everyone convinced themselves they could go it alone and committed to a healthier lifestyle in the New Year…
But by mid-January, my phone was ringing off the hook with people that had fallen off the wagon, and well, just couldn’t get going.
Making lifestyle and habit changes are TOUGH!
They don’t happen overnight and take discipline day in and day out for weeks to stick. The problem is that life gets in the way. It’s not that we don’t want to follow through or that our “Why” isn’t strong enough, or even that we are a failure.
Sometimes we just need to take a step back to re-assess where we are so that we can start moving forward again.
Here are a few things I tell my clients that can help you get over a Real Estate Investing slump.
1. Get clear on what you want
What’s the most popular New Years Resolution? “I want to lose weight.” But, what does that really entail? It’s vague, doesn’t clarify how it will be done and doesn’t even have an end point. (Although some of us may have been on a diet lasting most of our lives 😂) REI is no different. I hear all the time, “I want to be an investor.” To me, this is similar to my example above. It doesn’t provide the clarity you need to make progress. And instead, I see ladies just spinning their wheels stuck in Analysis Paralysis because of it. Now is the time to get clear on what “being an investor” means to you. Then attack it. And honestly, if now is not the right time for you, that’s okay too. Set a deadline for a few weeks or months to revisit what is happening in your life and see if it is a better time to pursue REI.
Need help defining what being a Real Estate Investor means to you? Join our Beginner’s Group Coaching here to get the answer to that question.
2. Recommit when needed
So the first 3 weeks of January didn’t go as planned? You promised yourself you get pre-approved or send out mailers for an off-market property or practiced analyzing deals, but well, it just didn’t happen. I’m here to tell you that its okay. There is no better time to start than today. Right now. Let’s recommit to what we are looking to accomplish and set a specific time that we will dedicate to doing just that. Put it on your calendar. Block that time off. Hire a sitter. Do you what you got to do to get it done. And if you still don’t get it done? Try again. And again. And again until you find success!
3. Be nicer to yourself
I know what you are probably thinking. “But I already failed. I didn’t follow through on my resolution, so that’s it! I’ll try again in 2023!” And I want to encourage you to remind yourself that setting a plan in the first place was already a success! So pat yourself on the back about that. The world we live in today seems to put more societal pressure on us than ever before. Just scrolling through my Instagram, all my thoughts go to “Why couldn’t I find that property? Why couldn’t I take that perfect picture? Why can't I have a butt like that? 😂” But then, I remember one amazing piece of advice that I was taught many years ago. I talk to myself like I would talk to my best friend. If she wanted to quit her New Year's Resolution after 3 weeks, I would support her, listen to her pros and cons for doing so, and sympathize with her decision reminding her that she needs to make the right decision for herself. And that is exactly what I would encourage you to do. Give yourself a hug, a time to vent, and then a path to move forward!