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Bad markets

Attitudes and Belief Systems

by Mike Watson on June 7, 2008

I am in Phoenix right now and I just got done teaching my 2-day investing seminar. Phoenix has been one of the hardest hit cities in America by foreclosures and personal bankruptcies. As a result, people are really down on real estate here. Honestly, I can deal with foreclosures, but I can’t deal with poor attitudes.

I had to spend a good portion of my seminar talking about all the fantastic angles savvy investors can and will be taking in the market place that I delineated in my last blog post. Amazingly, the room really came out of their liberal media induced funk and got excited about investing again. The more excited they became, the more excited I became for them.

I was really overcome with enthusiasm. One lady even had to leave the room because I got so loud and pumped up. We had a blast. I enjoyed watching the attendees in my seminar go from down and defeated to ready to invest again and passionate.

I really wonder sometimes why people don’t ever make the realization in life that the results they get (even in alleged bad markets) are simply a product of their attitudes and belief systems. The fact is, I have 3 great real estate projects under contract as a seller in this market right now for combined profits totalling over $500,000. How can one investor be successful in a market when it is perceived so poorly? How can others in that same market not even want to try?

I would really like to challenge everyone to look at their attitudes and belief systems. This is crucial right now because of what perceptions exist in the real estate market place. Now is a great time to invest. Over the next while I would really like to focus in my blog on great techniques to use in our current market place. Please make sure before you invest your time in learning that you invest time in improving your attitudes and belief systems!

Intelligent and learned people with bad attitudes rarely succeed. People with great attitudes and little else always succeed!

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