Why a Positive Attitude Is a Key to Success
I’m Ted Thomas, and I’ve been an entrepreneur for 30 years. Today I’m answering your question about why a positive attitude is a key to success, and I’m going to suggest working with what you have and being grateful for it.
You can’t control what happens in life, but you can control your attitude. A positive attitude is what makes the difference between success and failure. So why is a positive attitude important for success?
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Look to the Future With a Positive Attitude
How does positive thinking help us to be successful? A positive attitude comes from using a long-term perspective, what do I mean by that? Today’s crisis is exactly that – it’s today. It doesn’t mean it’s going to be bad in the future.
Think about where you want to be in the future. As a matter of fact, use an installment sale like you have on a car or house as an example – sometimes it’s painful making that payment, but looking forward long term to owning the house or the car is certainly a huge benefit.
Problems are new every day, and you have to solve them when they pop up. They seem to cycle in and out. Sometimes it doesn’t take any effort to solve the problem, and other times it takes days. So use a long-term perspective and think about the future.
The only control you have is your attitude. Kahlil Gibran said, “Your living is determined not so much by what life brings you as by the attitude you bring to life.”
Have a Positive Mindset While Being Realistic
Today I’m discussing why a positive attitude is a key to success. While I like the positive attitude part, I’m not going to sugarcoat this.
This positive attitude stuff is true. The problem is no one wants to bring up the challenges, and I can assure you there are plenty of them when you plan to be an entrepreneur or a successful business person.
Actions always have consequences. If your actions are correct, you will have a positive consequence. If the market moves opposite of what you’ve just done, you are about to have a negative consequence. So, let’s talk about this.
If you quit your job, have trouble with your business and there are no reserves, where are you going to end up? Think about that because it’s going to happen. So take the long-term perspective and build up reserves.
Don’t take a big risk; take a lot of small ones, because if you don’t and take too much risk, you will end up bankrupt.
Have a Good Mindset but Do Your Homework to Avoid Failure
Here are the facts. The Small Business Administration (SBA) was created by the Congress of the United States to help small businesses with loans and business advice. I’m suggesting you subscribe and find out what the SBA says about starting a business.
Here are a few revealing facts – according to the SBA, if 100 businesses start this year, within 5 years 80 of the businesses will close or go bankrupt. That’s an 80% failure rate.
Of the 20% that survive, the SBA says that 80% of those will fail and go bankrupt. What’s my point? There’s a 96% failure rate!
Let me give you the rules of business – rule #1 don’t quit your job. Rule #2 – review rule #1.
Think Positive but Don’t Do Too Much Too Fast
Most people are unwilling to sacrifice in the short term so that they can enjoy greater rewards for the long-term investment.
The short answer is keep your positive thinking; think about installment sales and small payments.
Grow your business slowly, and build a strong foundation. You will have setbacks, many of them, but don’t leverage the business and have too much debt.
Unsuccessful people on the other hand try to do too much too fast, and they give little thought to the long term.
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Attitude is Key to Success in Business
Here’s why a positive attitude is a key to success. It’s simple. Business is tough.
Let me give you an example of a business that’s work but very profitable.
Over 30-years ago, I discovered a business that was right under my nose that I have overlooked for decades.
The business I discovered was a subset of traditional real estate, except it involved tax delinquent property. The property owners failed to pay their property tax.
Imagine purchasing property from the government for 10, 20, or 30 cents on the dollar of the assessed value. You can take advantage of this system and earn $25,000 or even $50,000 in one transaction.
Tax defaulted real estate is available in all 50 states with properties sold to the highest bidder in more than 3,000 counties. Starting bids begin at very close to just the back taxes, and these properties are sold without a mortgage or deed of trust loan.
Have a Positive Mental Attitude and See the World Differently to Profit
For example, at an auction, the county treasurer may start the bidding at 10 cents on the dollar on a $200,000 property. Other bidders show up. Let’s assume you’re the highest bidder at $50,000, so you’ve paid 25 cents on the dollar for the property. How would you sell it?
I teach people to buy low and sell quickly. Advertise it for $99,000 on Craigslist, eBay, and sites like Zillow, and Trulia.
The tax assessed value is $200,000. You paid $50,000, What’s left over? That is your profit, and this is an example of how entrepreneurs see the world differently and why a positive attitude is a key to success.
We hope you enjoyed Ted’s lesson, “Why a Positive Attitude Is a Key to Success”
A positive attitude goes hand in hand with a long-term perspective that looks towards the future. When tempered with a realistic attitude that there will be challenges, positive thinking can help you weather the storms.
If you’d like to know more about tax delinquent property investing, Ted Thomas provides full support and complete training with home study courses, Q&A webinars, live tutorials, workshops, web classes, and personal coaching with certified coaches.
You can learn how to reap the huge rewards from tax lien and tax defaulted property investing! Get started today by taking advantage of Ted’s Free Master Class! Act now, it costs you nothing and will give you a big head start!