Real Estate

Success Broken Down to 8 Fundamental Elements

dianahill
Diana Hill
Professional Real Estate Investor Instructor

I’m a logical thinker who also is a little ADD. I’ve found that if I have list or a logical progression of things to do towards a goal I’ll get there. I’ll go off on bunny trails (as my husband calls them) along the way, but my list or step by step process gets me back on the track. The class I created on real estate investing for Online Trading Academy is built on this premise.  So how about “success” in any other aspect of our lives? Here are 8 essential elements for succeeding whether it’s a new business venture or a workout regimen.

1)     Vision: If you ask the majority of successful people they will share their “vision.”  One of the most important parts about a “vision” is that it has to be yours. If it’s more than one individual (for example business partners or even a spouse) they must share the same “vision.”  This is why we see good organizations not only display their “vision,” but also the leaders embody that “vision.”

2)     Action: The more you can get your vision into action the more likely it will come to fruition. Sounds simple but it isn’t. Vision is the initiative, action is the engine. The first step toward your vision or goal is always the hardest but the most powerful.  The goal here is steady progression.

3)     Passion: There must be something about the vision that gives you the desire to keep moving to the next action step. Matching your vision with something you can truly be passionate about, that will keep you engaged. No matter how exciting or rewarding your vision there are stages that it will be “just work.” It will be challenging but your passion will keep pushing you.

4)     Discipline: In many ways I feel this is a lost art.  I love this quote “The pain of living a life of discipline is less than the pain of regret for what ‘could have been if’.”  Discipline to stay the course will pay off.  There will be some days where you only move forward because of the discipline, embrace them. As Jerry West said, “You can’t get much done in life if you only work on the days when you feel good.”

5)     Determination: Without the will to endure you can fall to when others don’t agree, when there is seemingly an easier road, when emotions and desires arise or when you just get tired.  The goal is the finish line, speed doesn’t matter.  Keep doubt from seeping in. Remain confident in your vision and methodology to reach that vision.  That doesn’t mean that you can’t (and even shouldn’t) adapt as you proceed.

6)     Support and Accountability: We are human and need human interaction and support.  No one can do it alone. Personally this was one of the biggest mind shifts for me.  I have found that having a mentor can propel growth faster than anything else.  A good mentor will provide a morale boost, provide perspective, expect progress and hold you accountable.  A good mentor will have been there before and know how to get you over or through that wall.  I saw Bill Gates on a Ted Talk and he emphasized that a coach or mentor can be one of the single most valuable things for moving to the next level.

7)     Integrity: It is paramount for long-term success. Being a person of your word and being frank are qualities that will go a long way.  Visions aren’t something that happen overnight. There must be a foundation that will support that growth and  integrity is a key pillar.

No matter what vision you are working to accomplished I hope the reminder of these elements help you along the way, they are a good reminder for me.

Great Fortune,

Diana Hill

dhill@tradingacademy.com

Disclaimer
This newsletter is written for educational purposes only. By no means do any of its contents recommend, advocate or urge the buying, selling or holding of any financial instrument whatsoever. Trading and Investing involves high levels of risk. The author expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader. The author may or may not have positions in Financial Instruments discussed in this newsletter. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future results. Reprints allowed for private reading only, for all else, please obtain permission.