Posted by Charles Steed on January 28, 2001 at 13:25:24:
Great post Ed. Anyone who sticks with REI or any productive endeavor for that matter,
sooner or later learns that attitude is 99% of the whole game. More years ago than I care
to acknowledge, I attended a very expensive ($5000) four day seminar put on by Robert
Allen. I was ready to learn - completely pumped. I?d taken the time to digest all of the
materials they?d sent prior to the event.
For the first day and a half, the program was composed entirely of inspirational and
motivational strategies. Ideas to get you in the proper mindset for learning, for being
successful. I can?t tell you how angry I was. I remember repeating many times, ?I didn?t
come hear to learn this #$%&??! airy fairy stuff, I came to learn about real estate
investing. I was steamed.
It took a few years as an investor and a human being to realize that EVERYTHING is
attitude. First, there aren?t any new real estate investing strategies. There are sometimes
new twists on age-old techniques. There are teachers who, through their dynamic
personalities and teaching styles, make the methods interesting. But there aren?t many
techniques out there that weren?t in use 100 years ago. What I?m saying here is, the
mechanics of investing are relatively easy to absorb. So why aren?t more people
successful at this? Attitude.
In this business one has to have an extremely open mind - we need to think way outside
the box. Unfortunately, they don?t teach that in school. We also need to learn to face
rejection. Most sellers won?t be able to give us what we need to make this work. So we
develop methods for screening deals with potential from those without it. We need to
maintain an attitude of success while success often ain?t happening for us. What keeps us
going through these challenges? Attitude. Faith. Resources like this board and the
supportive people taking the time to share here.
What I learned long ago, was, it?s attitude that makes this happen. Of course, investment
strategies are important, but I truly believe they?re secondary to the ?mindset to achieve.?
I often think back to that first seminar and how much I missed because of my small
thinking. Oh well, live and learn.