How do you measure success?

By Cam McLellan

Let’s discuss success. I want to be very clear here. In business, the prime measure of success is money. But what do you really what out of life? What is your vision?

Now every smart investor knows that property investing is a business.

To succeed as a property investor you need to have a vision.

It’s easy to quantify if a business is successful – each month, quarter and year each business is assessed on whether it has been successful.

Likewise it’s important that you also conduct regular checks across your portfolio. This will keep you on track and provide you with a level of satisfaction.

Maybe set a goal?

I’m not a fan of the term ‘goal’. A goal to me is a material thing and material things have never been the force that drives me (yeah I know, I do enjoy boy’s toys that go fast), I prefer vision.

A vision is not just about having a goal to aim for. A vision is a time, a place and an environment in the future that you wish to create. A vision is so much more powerful than a goal.

I’m not saying that you have to sit around like a monk, meditating and focusing on your vision. However, you do need to be clear on your desired personal and financial situation.

As I mentioned in business the prime measure of success is money. Money though, is not my vision. My vision is what I have now. Watching my family grow in an environment I’ve created.

Most people set out on the road to financial fulfilment and as they travel, they forget why they started the journey. Our work and play can very easily become so intertwined that we forget to switch off and enjoy family time. Yeah I’m guilty of this.

Being clear on your end desired position gives you the ability to find satisfaction. Without points of satisfaction the hard work can sometimes seem empty.

As the old saying goes, getting there is most of the fun. Just be sure that you know where ‘there’ is.

To keep control in business, I invest in two things — people and processes.

For you to build wealth through property investing, the same applies, except.

People = You.

Process = A defined investment system.

It’s that simple.

Without an investment system it’s like you’re driving a car blindfolded. You might make the first few turns….

Remember to enjoy your journey. Celebrate the small successes and never forget why you’re doing all this hard work.

OK, it’s time to stop writing and get back to the family.

Make sure you grab a copy of  My Four Year Old The Property Investor. This book is a step by step investment manual I wrote for my kids to use when they’re old enough.

I hope you enjoy reading it as much as I enjoyed writing it.

 

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