At Capital Properties we work with Clients every day who thank us for helping them advance their chances at financial success. Many have come to us with little clue of where to start in property investment. Some people have never had the opportunity to ask questions about investment, finance, and budgets in a safe, judgement free environment before.
And we understand because we started in the same place. As a 19-year-old Navy Clearance Diver, our founder Marcus Westnedge was lucky that his mum pushed him to invest his Defence Force salary in his first investment property. Many years later Marcus has overseen the collective growth of an approximate $130-million property portfolio*.
*Clients purchase price minus present value 2020.
This success is not a fluke. It’s the result of tried and tested investment strategies and plenty of inspirational mentors along the way.
In this blog post, we’ll share why we believe that like attracts like, success attracts success and why a positive mindset and intentionally brushing shoulders with other successful investors can lead you to your success too.
The Capital Properties FREE Discovery Session is the first step to get you on your path to success. We’ll help you identify what success looks like for you and guide you to set goals to help you achieve that vision.
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If you’ve been here for a while, you’ll know we’ve talked about mindset before. In fact, we mention it in each of the following posts (and probably a dozen more): “10 things when you’re starting out as a property investor”, “What the heck’s going on in the property market” and “Make uncertainty your ally”.
Just like any major life decisions, your mindset plays a crucial role in shaping your property investment journey and can make the difference between success and failure. According to Stanford Psychologist Carol Dweck and Author of “Mindset: The New Psychology of Success”, your mindset is necessary for you achieve your goals and it plays an important role in determining your achievement and success.
As an ADF member, you’re already accustomed to discipline, resilience, and a strong work ethic. These attributes are a solid foundation for developing a success-oriented mindset in the world of property investment.
There are two basic mindsets: fixed and growth. People with a fixed mindset tend to believe their abilities are fixed traits and can’t be changed. Therefore, they’re less likely to make an effort.
However, people with a growth mindset believe that their talents and capabilities can be improved through effort and persistence. Even if you don’t naturally have a growth mindset, it is possible to develop one. In her book, Dweck suggests the following strategies for people to move from a fixed mindset to a growth mindset:
In our blog post “How to ease the hurt of a property downturn and keep going” we discussed developing the following mindsets:
And believe us when we tell you that cultivating these mindsets is the difference between winning and failing. Trusting in your ability to learn and adapt to new concepts and strategies is part of a winning mindset. Understanding that setbacks are also part of the journey means that you’ll start to look at challenges as opportunities for growth rather than giving up at the first hurdle.
It’s a proven fact that we are hugely influenced by the people closest to us. As motivational speaker Jim Rohn said, “You are the average of the 5 people you spend the most time with.” Another great Entrepreneur, Dan Pena, aka “The Trillion Dollar Man”, is known for saying “Show me your friends and I’ll show you your future”.
This idea is the same as ‘like attracts like’. We must recognise that the people we surround ourselves with have a significant impact on our lives, whether we like it or not!
That means it’s essential to look at who we choose to spend time with. One of the most effective ways to guarantee property investment success is by surrounding yourself with investment experts. By connecting with experienced and accomplished investors, you’ll have access to invaluable knowledge, insights, and strategies. And while it’s good to have people in your life who are supportive and want you to succeed, you also need people who can recognise where you’re going wrong and can provide you with constructive feedback.
If success attracts success – and we know it does – here’s how to develop and nurture the property investment connections that’ll help you achieve your goals:
The Capital Properties team help you leverage the power of like attracts like & success attracts success. Our team has the experience and expertise to help you develop a winning mindset and achieve great success in the property market.
Book a FREE Discovery Session where you’ll have the support of like-minded individuals and learn how a strategic approach to property investment can help you create a secure and successful financial future.
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