Simon says: Part 6 of 9: Why the heck are you doing all this anyway?


Simon Misiewicz

26th October 2017

By Simon Misiewicz

I have decided to write a blog series that captures my experience of dealing with over 1,000 property investor clients over the past 10 years. My discussions with clients along the way have enriched my knowledge and understanding of what makes a successful property investor.

I am going to cover the following subjects with you:

Moving forward without direction

When is the last time that you gave yourself permission to take time out of your very busy schedule to think? I am talking about you taking real time out, just for you.

The selfish time that allows you to think within, to look around, and to ask important questions of yourself and of your life:

  • Am I truly happy in my business, work or career?
  • Am I happy with my workload and how it takes up some much of my time?
  • Am I still passionate about what I am doing?
  • Am I happy with the circles of friends & family?
  • Do I earn the money that I think I deserve?

It will be very interesting to see how many will now stop and think about the above questions.

I used to attend a lot of networking events and property investment courses. When asked how much money people wanted to earn, I used to hear a common number: £10K net per month from property investors.

Now, I have to raise some questions on this as I know for a fact that some people that have this target in mind have different current earnings.

Some people may be earning more than £10K per month through their jobs or business ventures.Some may only be earning £1K per month.

I have to question why people are saying they “need” to earn £10K per month from their property investments so consistently.

Is there something in this number, other than it is a double-digit number and is easy to remember? What would you do with this money?

If you are currently earning this money, then your lifestyle needs are probably already dictating your spending habits. However, if you are not earning this amount, do you really need all this money?

I know that money can bring you choice, which in turn allows you to do things that you could not do before. From these activities brings joy and happiness. This I get fully.

However money in itself does not bring happiness.

I know a lot of people that work, work and work that they are too tired to enjoy their millions. They are actually quite miserable, and openly confess this, but are now not sure how to get out of the rut.

Are you living someone else’s lives and dreams? Please do take some time out to answer the above questions and answer the key question: “How much money do I really need to do things that I want?”.

Stephen Covey had a great saying: “Have you ever got to the top of the ladder to realise that it was set against the wrong wall?”.

This is to say that you could set the target of £10K per month and work your butt off for 5-6 years when you could have taken it easy after two years as you would have been just as happy with £3K per month.


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Your reason why

It is very possible that you know why you are getting up each morning and earn money with your career, business or property portfolio.

However, I believe that it is essential that you truly understand why you are repeating this process every day. In fact I would argue that it is critical to repeatedly ask yourself the question: “Am I still happy with what I am doing?”.

You only have one life, so live it well.

Whether it’s building a business, getting married, raising a family or travelling the world — there are six basic universal needs that make us tick and drive all human behavior. Every single person in this world has these same six needs, but each of us value these needs in different ways, and each of us have varied beliefs about what it means to satisfy those needs. And this is what becomes the driving force behind everything we do” – Anthony Robbins.

Make sure you know why you do what you do every single day.

There are people that have a mid-life crisis, because they have travelled so far in their lives to realise that they have been climbing a ladder that was set against the wrong wall.

Are you climbing the right wall for you?

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I have now carried out financial and wealth planning sessions with over 100 property investor clients.

This is the type of service that does not just look at the tax return for the preceding year; it focuses on the future aspirations of the property investor, their family structure, and meeting their lifestyle needs.

I think it is time that property investors understand what they want and need.

Once this is established it is about buying the right investments that provide tax-efficient income to meet their desired lifestyle.

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How to know what you really want

“It is the set of the sails, not the direction of the wind, that determines which way we will go” – Jim Rohn.

For many years, I attended many many courses and read over 100 books to understand my own mind.

To this day, I do not fully comprehend it but at least I am clearer on my personal Values and what I want. I understand what morals I have and the standards that I set my life. My personal values are:

  • Integrity and honesty with self & others
  • Do your best for yourself and/or team accepting one may be sacrificed for the other
  • Reward for accomplishment
  • Care for ourselves (mind, body, spirit) and for others

The above pretty much governs what I do everyday. I also know the exact reason why I might feel conflicted with my decision-making if one of the above is being violated.

I will also know why I might be annoyed by someone else’s actions, if they also violated the above.

I created a dream board that pictorially shows my life in the next five years:

  • Where I wish to live (and in which country)
  • What my family looks like
  • How I wish to look
  • The possessions I wish to obtain
  • The milestones I wish to achieve in my business
  • The work that I wish to undertake for the community

The above dream board is designed so that I see it every day. Interestingly enough, I now have my personal values imprinted on the dream board. I wish to see the dream board so that I can keep focused.

They are not the £10K milestones that have been set by other people.

The targets, milestones, objectives or whatever you like to call them are mine, they have meaning, and if they are not achieved before my death then I know I would be frustrated or indeed sad.

They also work as drivers. I, like many people, have days that they would rather sink into my comfortable duvet and do nothing at all. However, whenever I see my dream board and values it is a good kick up the backside to get up and stop feeling sorry for myself and stop being lazy.

“Start with the end in mind” – Stephen Covey.

 As the statement above suggests, a way to create a dream board is to think about the end of your life.

  • What will you have other people saying about you?
  • What life lessons that you have learned would you have passed down to your children?
  • What places and experiences would you have liked to have shared with those that you love?
  • What worldly passions that mean so much would you pass onto your children?

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