Analysis paralysis is always lurking. Even the most experienced investors feel it before they pull the trigger on a new deal, business, or strategy. It’s not to say that careful consideration of an investment isn’t a crucial requirement to success, but the mental stuttering we feel when trying to make a decision can leave us in a foggy stupor. When we feel like this, we do fewer deals, build less wealth, and live our lives half full.
Kindra Hall, bestselling author, master storyteller, and real estate investor knows this feeling all too well. She watched her husband struggle with analysis paralysis during the mass foreclosures of the great recession. Thankfully, she and her husband took the time to catch, analyze, choose, and install a better outlook, or story, for their investing future. This type of mental mechanism allowed Kindra and her husband to grow their real estate holdings and buy the beach house of their dreams.
In today’s episode, Kindra outlines the four steps every investor needs to go through to create better mental stories that will push you to the finish line, instead of keeping you in investing anxiety. If you’re still waiting to purchase your first investment property, we recommend taking this advice to heart, trying it out, and taking action!
David:
This is the BiggerPockets podcast show 565.
Kindra:
Maybe you would say, I’m never buying a house on a corner ever again. And like you said, maybe you’re like I’m done. I’m out. I can’t do this anymore. Keeping those stories in check, they happen to the best of us. They probably even happen right now, even with all of your experience, those negative stories are going to be creeping in and it is up to you to keep them in check.
David:
What’s going on, everyone. It is David Greene, your host of the BiggerPockets podcast, the show where you learn how to harness the power of real estate to live life on your terms, whether you dream of quitting your nine to five, wanting to retire early,…