How to Get Rich - Conquer Your Fears

Are you afraid to take a chance on something new ?

Are you afraid of losing money on an investment ?

If you answered YES, then you are part of the majority of investors today !

FEAR is a four letter word that prevents most people from becoming truly wealthy ! To excel at anything you do, you must first conquer your fear ! Fear is generated in the mind and is most commonly associated with doing something new for the very first time. Fear of the unknown so to speak is what stops many people dead in their tracks. Don't let FEAR stop you from achieving your dreams. Let me try to spell out a process for conquering your fears.

F is for FAITH

Before attempting to do anything, you must first believe that you will be successful. You must visualize in your mind that you have already achieved your goal. You must focus on the outcome and not the obstacles. It feels good when you are able to do this on a constant basis. Having FAITH before even starting on your adventure is the first step towards conquering your fears.

E is for EDUCATION  

Once you know what you want to do, you must learn everything you can from others that have already done what you will be attempting. It can be very comforting to know that others have been successful and you can be too as long as you follow their lead. Don't try to reinvent the wheel so to speak. Utilize the knowledge of others to calm your fears.

A is for ACTION 

Once you have learned as much as you possibly can, it is time to take action and just do it. Without taking action you will never succeed at anything. By taking action, you will be transferring your faith and education into something that is real. Yes, you can still make mistakes. However, without action you will never know how to achieve your goal or how to correct your mistakes. The process of taking action will also calm your fears as it will keep your mind focused on your goal.

R is for REPETITION

Yes, repeat, repeat, repeat. If at first you don't succeed, try and try again. Learn from each attempt and just do it again. Also once you become successful, you will now have the formula in place to repeat what you have done many times over. The more you do something, the more comfortable it will become. Remember when you learned how to ride a bike? Same idea exactly. If you repeat something often enough, it will become second nature. You know that you will be successful before you even start. Your FEAR has been conquered.

As always, I welcome your comments and suggestions for future topics.


Comments

Anonymous said…
That is a great tip especially to those fresh to the blogosphere.
Short but very accurate info… Thanks for sharing this one.
A must read article!
Check out my blog :: visit site
August 11, 2012 at 9:10 PM
Post a Comment

Popular posts from this blog

How to Get Rich - Use Other Peoples' Money

The use of other people's money, also called financial leverage, can be a great tool for speeding up your growth of wealth. It can also, however, be a huge disaster if not done properly and at the right times.As with most things in the financial world, become educated before making the jump.                                                                 What is OPM To use other people's money you simply borrow money from your bank etc. for a promising investment. The money the bank lends you is their clients' money that is invested in savings accounts, term deposits, etc.Hence the term "other peoples' money". Borrowing to invest can make a lot of sense, especially in today's extremely low interest rate environment. For example, if you could buy an investment that paid you a dividend of around 8% or higher and you paid an interest rate of 4% on your loan, you would then be making a net amount of at least 4% income on other peoples' money. That
Read more

How to Get Rich - Know Your Housing Market

Do you think you can get rich by paying too much for your home ? Do you think the wealthy ever get caught on the wrong side of a real estate deal ? The answer to the above is a resounding NO ! Your Home as an Investment A common phrase often heard is that your home is the biggest investment you will ever make. I am not sure how this old saying ever got started, but my money is on the banking or mortgage industry. They are generally the ones with the most to gain from you having too big a housing debt. First of all, the real estate that you live in is not really an investment. If you can't draw an income from it, then it is really just a place to live. I find it amazing how most individuals have been convinced to think otherwise. Why is it that everyone seems to be obsessed with buying a home well beyond what they can afford or even need? The answer is marketing ! From the banks, the home improvement companies, and yes the numerous reality tv shows. What a scam ! A Place
Read more

How To Get Rich - Learn These 3 Real Estate Myths

Do you know the real truth about buying revenue real estate ? Do you think all properties will make you money ? If you answered No, then you are honest and on track ! Myth Number 1 Anyone can be a successful Real Estate Investor ! Those who sell the numerous Real Estate courses want you to think this is true. They try to make you believe that anyone can be successful if they simply fork over the big bucks for their seminars and courses. All you need to do is ask yourself one question. Why are these people spending so much money and time trying to teach you to become a successful Real Estate investor ? Would they not be making more money by simply buying more of their own properties ? Truth is there is big money in seminars and courses. I'm sure there are some students that go on to great success. However, what is that percentage ? Myth Number 2 Real Estate has to go up in value because they simply aren't making any more ! Tell this one to all the investors who w
Read more