Posted by Simon Misiewicz on 5th August 2014
Would you like to know the attributes of a successful property investor?
Are there areas of your life that you would like to improve?
I see many property investors that are busy trying to make a living for their loved ones. Some of them are having more success and happiness than others.
Why is that?
Some people seem to have all the luck in the world, catch all the breaks whilst others seem to attract bad luck. No matter how hard they try, they do not seem to get what they want.
How can this be?
I believe that there are many facets, attributes and features of a property investor that separate the successful from the unsuccessful. In this series of articles I am going to share with you my own personal experiences and observations.
I am going to share with you in this series of articles the following attributes of a successful property investor:
- Part 1 – Values
- Part 2 – Mind set
- Part 3 – Passion
- Part 4 – Health
- Part 5 – Achievement
- Part 6 – Fun & Reward
- Part 7 – Sense of Security
- Part 8 – The need for love
Part 6 – Fun & Reward
As I said in the last article, people need to have a sense of achievement for them to feel that working hard is worthwhile. What you put in, you want back out, with interest.
Albeit you may love what you do, it is still not reasonable to work 7 days per week for 52 weeks in the year. We all need down time.
Even machines that work in manufacturing sites need downtime for maintenance. Cars, after a certain period of time will need servicing. What makes us different? Well, to be truthful, nothing!
I believe that we should celebrate our successes and have the time to go and enjoy those rewards. I know a lot of people that work in the corporate world who buy luxury cars but only have the time to drive their wonderful machines back and forth from work.
How much fun is that? Not much!
Therefore working hard only to buy material things or to provide for children without having the time to enjoy those special times is partly an opportunity missed.
I love the fact that I work hard for about ten months straight in a year. You may think that I am writing an article about fun and reward and yet I am working for ten straight months. How hypocritical?
However, if I said to you that I work four days a week and I have one full month aboard in the hot sun with my family, does that sound better? I love the fact that I will work 12 hours a day, doing something that I love and having three days off a week.
Although I have to say this, I am writing this article on my day off! You may think that this is work? To me it’s not! I get a lot out of writing. Not only am I sharing useful information to you but I also have the time of reflection. As I write I often look back at what I have been doing and congratulate myself or put in new actions to rectify bad habits.
Having these moments when I am not in the thick of things, allows me to have space to think, to ponder and to drift off! This often means that I have to correct my spelling mistakes many times as I glaze over. Thank goodness I have a wonderful editor…..
I love horse riding and will always make time for that. I love watching movies and will always watch a movie in my cinematic environment that I purchased myself to say “well done”.
I adore my time with my wife Louise who is simply wonderful and I am very grateful for having her in my life. I will ensure that we spend time together in each other’s company. We may not do too much but the fact that we have no distractions: work, other people, TV or anything else means that we are spending time together and that is just great for us both.
We have downtime? Do you?
Applying the treatment
Write a list of what you love to do when you are not working. As a property investor of course you will love everything that you do. Why else would you do it? That said, start to wrote yourself a personal list of the things that you love doing. Some examples are as follows:
- Going to watch sports
- Drinking and socialising with friends
- Going to the theatre
- Having long holidays
- Scuba diving
- Driving fast cars
- Being with the kids
- Self development
Once you have a list of 10 things that you love doing, prioritise just three activities that you wish to pursue the most.
Now, take a long pause and digest the top three things that you love to do. Ask yourself “Do I do at least one of these things on a regular basis?”
It may be too difficult to do these tasks you love each week. You may therefore need to break yourself in gently and ensure that you carry out one of these things every quarter. The point of doing this is simple. Work life balance, regenerate your batteries, live life rather than just work it.
Put time in your diary to do the things that you love. Please do not move them or replace them with work activities. Put the fun into your schedule and do what you love without compromise.
In the previous article I wrote about goal setting and how to achieve it. Now I am going to ask you to identify a huge reward to give to yourself once you have achieved your goal. Make the reward compelling something that you truly will look forward to and will drive you forwards each working day.
If you identify a reward as a day out with the kids, be careful! One thing, this is expected and secondly it is not that much of a deal as compared to taking the family away for a weeks holiday. Which one sounds better? Make sure the reward is fitting of the hard work that you are putting in.
Now go and get your list written and things put in your diary.