Why Setting Goals Is Vital If You Want To Be A Successful Property Investor

Right, so youve spent hours systemising your business

, attending meetings, researching the market, collecting resources, dealing with estate agents, going to viewings, ploughing through courses, designing leaflets/stationary, the list is endless, and so are the stress levels.

Youve had some great ideas (usually in the middle of the night so youve forgotten what is was by the time you wake) Youve done everything you can to promote your business BUT you feel as though youre not really getting anywhere fast, youre no further forward than when you started, you seem to take one step forward then 2 back, and you cant work out why?

Being a woman I would consider myself to be quite good at multi-tasking. However, this can have an adverse effect, as the more you have to do, the more stressed you get and instead of doing a couple of tasks well you end up doing lots of them badly and making silly mistakes (and forgetting the important stuff)

How many times have you said to yourself something like I really must call Auntie Flo this week as Ive been promising to call her for ages . Then you still dont do it? Why? Because you get preoccupied doing other things. Its not that you dont want to do it; its just that you forget because youre so busy.

So if youre going to be a successful property investor sourcing fantastic property deals youre going to have to set yourself goals. Your goals have to be achievable. Its no good saying to yourself this time next year Im going to be a millionaire and then doing nothing to make this happen, because you can be damn sure you aint gonna be no millionaire!

Your goals have to be broken down into smaller goals that you can do without too much effort. For example, you could say By this time next year I want to be earning enough money as a property investor to give up my day job. You then need to break this down into smaller goals to make it easier for you to see a way forward.

How much do you earn a year in your day job? Lets say its 20,000 a year. This works out to around 1,600 per month, which is 400 per week, 80 per day (working on a 5 day work week) OR 10 per hour.

Now, what sounds more achievable right now if you had to supplement your income? Is it finding the 20 grand or finding an extra 10 per hour? Of course its the smaller figure! This is why its important to break things down so they look (and become) easier to achieve.

You have to know where it is you want to go and what it is you want to achieve. If you dont know where youre going, then how on earth are you going to get there? You dont set out on a journey in your car not knowing where youre going to end up, do you? Of course not, youre clear about your journey, which route youre going to take and how long its going to take you to get there.

If youre not sure where youre going or how to get there then you need a map or guidance from someone whos already made the journey AND you need to write it down so its easier to remember.

Thats exactly why you will benefit from writing down what you want, why you want it and how long its going to take for you to get it.

Get yourself a diary and practice writing down your weekly goals or tasks at the beginning of every week.

I learnt this at the TMA property course, and when I got home from the course that day I immediately wrote down the things I wanted to achieve that week.

And guess what? EVERYTHING Id written down got done on the day! They were just small things, but they all got done and they made a difference.

So make a habit of writing down your goals for the week ahead, youll be surprised at how good you get at it and how easy it becomes, but above all youll start to MOVE FORWARD and when you really get going nothing will stop you achieving your hearts desire.

by: Suzanne Bates

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