December 12, 2018

Patience and Clarity Will Accelerate Your Success

If you’re at the start of your property investing career it can be very confusing.  There are so many different options open to you it can be hard to decide which direction to take.  Property investing is a big stakes game and you will want to get it right, preferably first time and that can give you some really hard decisions to make.  How much money do I really have available?  What strategy should I use? Where should I invest? And so on.

The best piece of advice I can give to anyone just starting out is meet people, go to events and do your homework.  You wouldn’t cross the road without looking both ways first and so you shouldn’t begin your property journey on a wing and a prayer.  Mistakes can be costly but you can reduce your exposure to risk by properly understanding what you’re getting into.  You WILL make mistakes! Don’t be afraid to!  There’s a saying that mistakes are early attempts at success and its true.  But don’t let them be costly ones that could have been easily avoided.

The property community can be a little bit difficult to get into at first but once you are in, it’s a very warm community to be a part of.  There are so many people that will offer you advice.  Listen to their advice, it doesn’t cost anything and you don’t have to take it.  Get yourself to some networking events (I run my own, its called Premier Property Networking Club and we meet every month in Canary Wharf ;) ),take some business cards and speak to people.  Most of the events have great speakers whom you will learn from and some of the information and contacts you will get from those events will be priceless.

Knowledge is power and the more you know the more likely you are to succeed.  That brings me to my second best piece of advice; avoid analysis paralysis.  There are some people who will spend thousands and thousands of pounds attending every course going and learning in depth about every strategy but then they never do anything with it.  You can easily get yourself in a position where you are trying to consider every possible angle and end up thinking about it so much that by the time you finally make a decision the market has moved or what you were considering no longer works.  Once you’ve got an idea of what is going to be the right path for you pursue that and that only.

Be flexible with yourself but be strict also.  Take things into consideration and adapt but then follow through on your decisions.  Property does require passion and it does require commitment.  It isn’t for everybody and you have to see it as a long-term commitment.  You will not become a millionaire overnight but give it time and effort and you will succeed as long as you are focused on the end-goal.  There will be times when you will question yourself or things don’t seem to be moving as quickly as they should but that’s ok, not everything in life always goes your way 100% of the time but it doesn’t have to for you to be successful!

 

I hope that helps!

 

Kam Dovedi

 

Achieve Your Goals The S.M.A.R.T Way

Hello and thank you again for reading my blog!  We’re now 2 weeks into the New Year and hopefully they’ve been a great couple of weeks for you.  Hopefully you’ve have some ideas about what it is you’d like to achieve in 2015 or maybe you’re still crystallising exactly what it is that you should be aiming for.

Goals and achieving them are a huge part of our everyday lives, in many cases you might not even recognise what you’re doing but you are always setting goals for yourself.   We are always working towards a goal, whether it’s a work or a personal goal and without them life would be pretty chaotic.  A life without goals is a life without ambition and I’m pretty sure that if you’re reading my blog you are not a person without ambition.

In this blog I thought I’d share with you a concept which is already quite well known.   So for those of you that have already heard of SMART target setting this will be a bit of a recap but for those of you that haven’t this will be a bit of a revelation and should help you develop real, meaningful and most importantly, achievable goals!  SMART goal setting helps add some structure to your thought process when setting goals and can really help you formulate each of the steps you need to take to become that successful person you aspire to be.

SMART stands for Specific, Measurable, Attainable, Relevant and Timely.  You can probably already start to see the value of using these ideas just from that but lets dig a little bit deeper:

Specific:

What exactly are you looking to achieve?  If your target is undefined and quite vague it makes it difficult to focus on what you’re really trying to achieve.  A bad example therefor would be ‘I want to be rich’ whereas a good one would be ‘I want to be a millionaire.”  When you’re trying to be specific about what your goal is try asking yourself the following questions:

What exactly do I want to achieve?

Who will be involved?

Where will it happen?

When will I achieve it?

Why do I want to achieve it?

Measurable:

If you’re going to create a target, how will you know when you’ve reached it?  Or how will you know when you’re close?  You have to be able to set a defining point when you’ve reached your goal and you should be able to provide evidence that you have.

Attainable:

Is your goal realistic?  There is no point (and in fact it is detrimental) to set a goal which is impossible or near impossible.  Deciding that you want to be richer than Donald Trump is all very well but you’re setting yourself up to fail and that will hurt your confidence and stop you from achieving other goals.  Make sure that the goals you set are achievable but at the same time don’t make them too easy, goals are meant to stretch you and help you achieve!

Relevant:

Think about why you want to reach your goal.  Do you really want to run a huge business or be an actor.  Think about what makes you happy because goals that are relevant to you, your personality and your interests are a whole lot more achievable because you want to do them.  Be objective about why you want to achieve the goal and what really matters to you.

Timely:

Deadlines are great.  The same thing that applied to doing your homework still applies to you in adult life.  We all work harder when we are closer to a deadline because it requires action and that’s what goals are about – Action!  At the same time though, make sure you have enough time to actually be able to achieve your goals, 0 to Millionaire in a month just isn’t gonna happen but 0 to a millionaire in a few years might!

The main thing to remember when setting any goals though is to remain positive.  We set ourselves goals because we have something we want to achieve and we want to achieve because we want to make life better for ourselves!  Go ahead and make yourself a goal now and you will grow as a person, and if you achieve that goal go ahead and set yourself another.  You can break your goals up into smaller ones if that helps and write them down.  You’d be amazed how many goals you can achieve if you focus and remain positive!

Looking Forward to 2015

With just over a week to go to the new year and seeing as how last week at my Premier Property Networking Club I was talking about overcoming challenges, I wanted to talk a bit more about the subject.  There are always challenges in our lives, both personally and professionally and it’s how we tackle those challenges which ultimately defines us.  Life is full of challenges and you overcome them by persistence, knowledge and action, overcoming setbacks and achieving your goals.

As I see it, there are two ways to look at anything and it comes down to whether you start from a positive or a negative perspective.  It’s almost always easier to be negative as reacting negatively almost always requires the least effort but it ALWAYS produces the worst result.  Positivity requires action and it requires that you understand and take control of the situation.  Positivity means responsibility.  It is very rare that we are gifted anything in life and we often have to work hard to become successful.  It’s up to you to make those important decisions and to make your life a success – no one else can do that for you!

It’s amazing how sometimes inspiration comes from the most unlikely of places and it’s often a chance encounter with someone or something you see that you’d never noticed before.  If you’re bored of where you are in life then you need to make changes, they don’t have to be big at first but over time they will multiply.  The only thing that’ll ever happen if you sit on the fence is you’ll get a sore bum.  While you’re doing nothing hundreds/thousands/millions of other people are making decisions and you’re being left behind. The only thing worse than not knowing what to do is knowing what to do and not doing it.

I’ve spent years investing in my education, I’ve paid for mentorships from millionaires and even a billionaire and those were the best investments I’ve ever made.  There’s no reason why you can’t still learn from someone, why stop your education at 16 or 18 or 21?  If I’d hadn’t have taken inspiration from what I’d learnt and hadn’t had the courage to go out and practice it I’d most likely be stuck in some dull job that I didn’t like – instead, I’m so grateful that i am financially free, and have multiple business, including a multi-million pound property portfolio.  You have to keep learning and doing new things!

You WILL face challenges in life and you HAVE to deal with them in a positive manner.  I want to help as many people as possible reach their goals and that’s part of why I run things such as my networking club, my mentoring service and my portfolio building service.  Investing in property can help you have more free time to pursue your own interests, spend more time with your family and help you reach your goals, whatever they are.

A new year is a great time for a new start.  It’s a great dividing line between what was and what will be.  I’ve personally got some huge plans for 2015 and it’d be great to see you at one of our events.  I hope that reading this has given you some food for thought and with less than 10 days to go until the new year you’ll start thinking about how 2015 is going to be the year that you made that positive decision that changed your life for the better!

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