The Big Difference Between Winners & Losers

Over the years I’ve had the privilege of working with some very successful property investors, business people and entrepreneurs and I’ve also met many not so successful investors.

And I’ve found that, in general, people fall into one of two groups.motivat

Those who make excuses and those who don’t.

The ones who make excuses don’t start that way.

No one is born talented at making excuses.

But over the years they learn to get out of things.

They learn how to blame the the economy, their parents, their teachers, the system, pretty much anything that can deflect the blame.

These give them the excuse they need.

And then there are those who don’t

Or rather won’t. 

We all have our difficulties and some days we feel like making excuses.

But winners but stop themselves. don’t make excuses and get the job done.

Interestingly we all have similar capabilities.

Yes we have similar capabilities to get things done or not (and make excuses about it.)

When you wake up in the morning you get to choose which route to take.

I recently read this insightful quote:

The difference between successful people and unsuccessful people is that smart people hate doing the same things that unsuccessful people hate doing – but successful people do it anyway.

As you go on this journey we call life, you’ll get the chance to back out and make excuses.

Or not.

You have the choice.

You decide.

Also published on Medium.

Want more of this type of information?


Michael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy. He's been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit

'The Big Difference Between Winners & Losers' have 3 comments

  1. July 27, 2016 @ 6:19 am Carla

    Exactly right! I am successful as a person because I don’t make excuses but I am unsuccessful at investing because I never did the things that successful investors hate doing too, but do anyway. I am talking about bookkeeping, goal setting, getting a dream team around you, making a budget and living within your means. Now I am 63 and have lost everything through bad management, living it up and losing half a million in the Perth CBD apartment market. We no longer can service our loans and they are bigger than the equity. This is us now, our own fault. But not making excuses doesn’t help me getting on top of things again.


  2. July 27, 2016 @ 11:08 am Maggie Madden

    Hi Micheal,
    I am a single women with no mortgage on my own home and I have an investment property which I have in my S.M.S.F. I would like to know if I can change my loan to another bank and source a better interest rate. I feel I have been paying a higher than normal interest rate is approx 5.6%+ I have two loans one is fixed and one is Variable the Varialbe is approx 6%. I feel I can do better. All the bear trusts are set in place etc, do I have to redo them again . Im pretty new at all this stuff but Im sure I must be able to do better. Today it was mentioned that the commission was looking at reducing interest rates again Early August.

    Kind Regards
    Maggie Madden


    • July 27, 2016 @ 12:50 pm Michael Yardney

      Unfortunately the legislation for super fund s doesn’t allow you to refinance as far as I am aware. I know… That sucks


Would you like to share your thoughts?

Your email address will not be published.



Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...