Tuesday, May 26, 2009

Don’t “My Asset vs. My Asset” Me!


Last Saturday while facilitating the Cashflow® 101 with a group, I noticed something some people tend to do, which makes them loose good opportunities.


Have you ever tried to buy a property which made you feel so successful (for example with 82% CCR)? And then another opportunity comes in and though in the eyes of an investor it’s a great deal you tend to reject it because of your expectations?

Yes, some people come to me and ask me why I still invested in a property which gives a lot less return compared to some of my previous investments. The answer is simple “Don’t compare an asset with my other assets” I compare the opportunity with itself. After all, for me I still have my passive income. And that is my objective by investing.

If you see opportunities grab it, don’t compare it with your previous successes. As long as it saves you money and makes you more and more money then why let it go! Everything has its own value in its respective place and level. Letting the Greed in us take control on our financial decisions brings us back into the rat race.

Be creative, imaginative and logic, use both your left and right brain and make the most out of each opportunity that passes by. Because if it passed by and you failed to take it you can’t grab it anymore.

I was told that Goddess of opportunity was a beautiful lady who didn’t have hair behind her head. Therefore whenever she just passed by, no one could grab her back.

Don’t let go of opportunities by comparing them with the past.

“Grabbing opportunities is the key to success, no matter big or small.”

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