There Are Two Types Of People In This World, Which One Are You?
In our series on fears and blocks to investing in property, we’re up to number seven, which is caring family.
If you have a caring family, that’s wonderful. Not everyone is as lucky as you! But when it comes to sharing your property investing dreams, goals, and plans, you might be surprised to hear that it’s best to keep it to yourself.
I have seen this happen so many times… a new property investor will be ready to go, and on the verge of making a really exciting step in their journey, when all of a sudden, things grind to a halt. When I get down to the truth of the matter, I find that they’ve opened up to their mum, sister, uncle, or whatever, and their family member has discouraged them from moving forward.
Even if you know that you’re making the right choice, financially, and all the numbers are stacking up, it can be hard to move forward with your property investing journey once you come up against family. Here’s why…
- They just don’t get it
- They’re afraid of you failing or getting hurt, but they don’t understand why it won’t happen
- You really want to take their advice out of respect to them
- You want to avoid conflict and keep the peace
- It might make you uncomfortable to try and achieve wealth and success beyond that of your family’s current level – it’s easier to self-sabotage
But, here’s the thing: unless they are a successful property investor and understand wealth creation, its best to keep them out of the loop with your investing. Otherwise, they will drag you down every time. If they had the same knowledge and education as you, they’d be cheering you on, but they don’t.
Don’t let your caring family stop you from making the choices you know you need to make as a successful property investor.