How to Overcome Analysis Paralysis in Real Estate Investing
It's Becky again! Now, I work with investors of all levels every day and the most common problem that I see is Analysis Paralysis taking ahold of women.
Analysis Paralysis is being stuck in the decision making process where you get so scared of making the wrong decision that you just never make one. (Sound familiar, anyone?)
And then you miss out. :(
Well, luckily for you, there are a few quick easy steps to get un-stuck!
So, here are my 5 Tips to Get Out of Analysis Paralysis:
1. Know Your Goals
When you know what your goals are, it's much easier to evaluate a decision. You know to pick the choice that will lead you closer to your goal and avoid the one that takes you farther away.
Make sure your goal sheet is completed and in a place where you can see it...every. single day. Make a vision board if you need to
2. Consider All Possibilities
Like in life, in Real Estate Investing, decisions are rarely binary. There are many outcomes that can take place and it's important to think those through. Sometimes the best answer is the one you haven't thought of yet.
Make a poll the Lady Landlords group to make sure you aren't missing anything!
3. Weigh the Pros and Cons
There is nothing wrong with pulling out a piece of paper and pen, drawing a line down the middle of it, and writing out exactly what the benefits and drawbacks are to certain decisions. This will help you see the consequences of the decision much more clearly.
Create a post in Lady Landlords and see how others have handled this situation!
4. Give Yourself a Break!
Once you write out the possibilities, pros, cons, get up and walk away. Allow yourself to focus on other tasks and your mind will be much more clear when you go back to review your decision.
Go surf Instagram and follow me @BeckyNova24!
5. Talk It Out
Use the members of the Lady Landlords group or supportive friends and family to talk through the decision and options to make sure you are on the right path. It always helps to have fresh eyes on it, especially when those people are happy to see you succeed!