In this episode, I dive into a topic that's a little different from our usual discussions. We're talking about taking risks in your business or investments and how to approach them from a fear standpoint. One of the main reasons people hesitate to invest in real estate or scale their business is fear. It's completely understandable, but it shouldn't hold you back.
As you listen to this episode, I encourage you to reflect on the ramifications of not making decisions and not taking risks. What opportunities could you be missing out on? How might your life and business be impacted by staying in your comfort zone? Remember, it's crucial to move away from purely fear-driven decision-making and start thinking logically about the potential upsides of taking risks. Whether it's investing in real estate or making leaps in other areas of your life or business, there's so much to gain.
In this episode we discuss:
- How does fear impact investing and taking risks in business?
- What is the importance of considering the potential upside when making investment decisions?
- What is the concept of fear setting and how can it help in decision-making?
- How does analyzing the worst-case scenario and potential benefits of a decision help in overcoming fear?
- How can taking risks in investing and increasing earning capacity benefit individuals in their 20s and 30s?
Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.
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