Giving up is the easiest thing to do. When you’re not 100% committed to your craft, every little mistake may feel like a hint that you should give up. There’s always room for doubt. Instead of just working toward your goals, you question your intentions. Even worse, you overreact to your mistakes, no matter how small. This is why first-time investors are prone to doubt. Thankfully, there are ways to work through it.
You Think You’re Wasting Time
Not getting immediate success can easily discourage a first-time investor. In the field of real estate, the endless shows featuring successful investors who buy and flip homes may give you the wrong idea about the home buying and selling process. But experienced real estate agents in New Jersey will tell you that flipping a house is not as easy as just making that initial investment and waiting for interested buyers to come. It’s not time wasted if you have agents contacting potential buyers on your behalf. It’s not time wasted if you advertise your property through different channels. Look at what’s actually happening behind the scenes, and you’ll see the progress that will eventually lead to the sale.
You Think You’re Not Good Enough
Wouldn’t it be nice if you could achieve success immediately after you’ve put yourself out there and started investing? The reality, however, is that you may fail first. You may fail multiple times. You may fail until you think that you’ve made all the conceivable mistakes — and then you’ll fail some more. With all of these situations, you may start to feel less confident about this endeavor.
With each failure, you strengthen the notion that you’re not good enough. This is not working for you; rather, it’s working against you, so try to be aware when this is happening. Reflect on your thoughts and see which of the failures you can improve upon. The best way to break out of this negativity is to learn from your mistakes. To do that, look at your actions, get help from experts, and make more informed decisions.
You Think You’re on the Wrong Path
When you already feel like you’re wasting time and you’re not good enough, it follows that you’ll feel like you’re on the wrong path. These negative thoughts do nothing to improve your situation, and they certainly go against your investing journey. The truth is that this might not be the only path for you, but that doesn’t mean that it’s the wrong one. You may need to work on multiple things at once — all of them important — to find your true calling. While you’re figuring that out, try not to succumb to the temptation of giving up. That path you’re on might be long and winding, but commit to it, and you’ll get to your destination eventually.
The road to success is not easy. You’ll have to work hard to get there, and you might experience a lot of failures. But as with anything else, you’ll be more content with your achievements if you know how much effort you put into it. After all, the journey is just as important as the destination.