investment psychology

The Ant Philosophy | Jim Rohn
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Over the years I’ve been teaching children about a simple but powerful concept – the ant philosophy.  I think everybody should study ants. They have an amazing four- part philosophy, and here is the first part: ants never quit.  That’s a good philosophy. If they’re headed somewhere and you try to stop them; they’ll look for another way. They’ll climb over,…

Profits are better than wages | Jim Rohn
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My mentor, when I was 25 years old, dropped a phrase on me that changed my life forever when he said; “Profits are better than wages.  Wages will make you a living, profits can make you a fortune.” You know it is a bit difficult to get rich on wages, but anybody can get rich…

Calmly Freaking Out
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I have very little time for pseudo-scientific notions such as the Efficient Market Hypothesis. This one, in particular, is rubbish since it is grounded in a massively flawed assumption – that people are rational. Anyone who believes that Homo Investorus is rational clearly has a brain injury that requires some form of treatment such as…

Have you had a Eureka moment?
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Have you had moments in your property investing career where all the pieces fell into place? Where you suddenly felt like you’d grasped what the market is trying to teach you? I thought it may be a good idea to have a look at these moments of startling clarity and to see if there is…

Property Expert Behaves Badly
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O.K. it is confession time. Anyone who knows me knows I’m overweight. Although I prefer to think of myself as just a  bit too short for my weight. I recently went to the doctor and apparently my body mass index, which compares height to weight, suggests  I am obese. Now I know how to correct this…

How to invest without fear
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It’s completely normal to feel a certain level of fear when doing something unfamiliar. And this is especially relevant for novice investors because not only are they wading into the unknown, they are also about to risk significant amounts of money while they do so. With property investment, we’re not talking about lollipops, you see,…

What Makes a Super Dad
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When parenting goes right, children excel in life, are upstanding citizens and add tremendous value to society. According my my Rich Habits research, good parenting is the #1 driver of success. Children who are raised in stable, mentoring and loving households grow up to beat the pants off their peers who were not so fortunate….

Focus On the Next Step
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I love spending time in the mountains. So a few weeks ago, I jumped at the opportunity to join a friend, my son and seven of his friends on a trip into the Uinta Mountains. This range sits about an hour east of our home in Park City, Utah. We planned the trip to last…