Are you looking for more success in life?
If so, then today’s show is for you.
I’ll be sharing with you tips from high achievers to help you get further in your property investments, career, and other parts of life.
I’ll also have a chat with a successful person, Ahmad Imam, who’s going to share some property tips as well as some general life tips that he would have liked at the beginning of his career.
I’ve noticed there are some rules that high achievers never break.
I makes sense that if you obey these rules, you will also become a high achiever.
So let’s look at them…
Don’t compare your life to others and don’t judge them; you have no idea what their journey is all about
We all have our own distinct purposes in life. Be yourself always and become the best version of you.
Don’t act the way you are feeling. Instead, act the way you want to feel
High achievers get disappointed a lot because they fail many times, but since they are highly optimistic people, they see advantage in adversity and make the best of every situation.
Make peace with your past so it won’t screw up your present
Forgiveness is the first step to progress and only those with a strong heart can forgive themselves and those who have hurt them. Move forward today and stop dwelling on the past.
Don’t answer ads that promise get-rich-quick schemes because it won’t be you who gets rich quick
If it sounds too good to be true, then it most likely is.
You can’t do everything yourself, so get help along the way
Your level of influence in most cases determines your level of success. Make meaningful relationships and help others get what they want.
Don’t envy what others have; you don’t know how they got it
The truth is that you don’t know how he got what he has or the price he had to pay in exchange for it. Think about this before you envy somebody.
If you can’t say anything nice, don’t say anything
Most successful men are very careful with their tongues–they hardly speak out of turn or when it is unnecessary. Learn to talk less and listen more.
Be comfortable only outside of your comfort zone
Do something every day that scares you and break your own records each day.
If you are going to jump off a bridge, make sure you know how deep the water is
This is the gateway to tremendous self-improvement. It is the secret of high achievers.
Always determine the price you have to pay for every decision you make before making that decision.
Change only what you can change and let go of the rest
No matter how important it may be, sometimes it’s better to do your own part and leave the coming generation to do theirs.
What others think of you is none of your business
Ignore whatever anyone has to say about you and hold firm what you know and what you believe.
Never test the depth of the river with both feet
Spread out your risks in life. There is no way to succeed without taking risks, but it's wiser and safer to take calculated risks.
Honesty is a very expensive gift. Do not expect it from cheap people
Do not expect too much from people–only a few men have that virtue called integrity.
- Take the emotion out of your investment decisions – When investing in property, decisions should be based on strategy, statistics, and logic.
- Will the property provide wealth-building rates of growth?
- Is it the highest and best use of your funds?
- Is the location a stable market?
- Does the property have owner-occupier appeal?
- Can I purchase the property at or below intrinsic value?
- Does the property have a twist that will make it unique relative to the level of demand?
- Does the property have the potential for value-add via renovation or development?
- Avoid speculative investing – it can be tempting to buy a property in a location that’s predicted to be the next best thing, but it can also be risky. Hot spots tend to be not-spots. There are three core fundamentals to keep in mind:
- If you want something you’ve never had, you have to do something you’ve never done.
- Amazing things happen outside of our comfort zones.
- It doesn’t matter how slowly you go, as long as you do not stop.
Links and Resources:
Metropole’s Strategic Property Plan – to help both beginning and experienced investors
Ahmad Imam – Metropole Property Strategists Sydney
Some of our favourite quotes from the show:
“It’s not going to be you who gets rich quick. It’s the person who’s going to sell you whatever they’re selling you.” –Michael Yardney
“I keep saying, I’d like my investments to be boring so the rest of my life can be exciting.” –Michael Yardney
“You are where you are today because of all the things you’ve done and all the things you’ve chosen not to do.” –Michael Yardney
PLEASE LEAVE US A REVIEW
Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how
Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.