A well kept secret among the property investment elite is that keeping a diary will help you to develop better investment habits. If you keep a diary of events throughout your property investment journey you are more likely to build wealth quicker than the property investor that doesn’t record major events.
Use Your Diary for Everything
Don’t just use your diary for the recording of what is happening with each of your property investments. Use it to record your medium and long term property investment goals. Record daily tasks in your diary too, so that progress can be reviewed at the end of the day.
Review your medium and long term goals often. It is recommended that this is done weekly and monthly. By doing this you will be able to break them down into daily tasks which are a lot easier to manage. Don’t miss these daily, weekly and monthly review sessions. They will keep you totally focused.
Celebrate your Property Investment Successes
Use your diary to record all of your property investment wins. Write them in capital letters if you want but make them stand out. This is powerful because of the past week or month has been a challenge then you can reflect back on these wins for extra motivation.
A success doesn’t have to be just getting a good return on a property. If you have purchased a property for a particularly good price then make this a win. If you have met with a property investment expert and learned a lot then this is a win as well.
Record your Mistakes in your Diary
It’s not all about recording successes. Everyone makes mistakes and when this happens to you make a record of it. If you make a bad decision with a property get it in the diary. Then reflect on these mistakes and bad decisions and ask yourself “what can I learn from this?” and “what could I have done differently?” Assess whether you have an educational need to fix these problems.
Highlight your mistakes in red ink. In your early days as a property investor there may be a lot of “red ink” pages. But as you learn from these mistakes and move forward you will find that your future diaries contain virtually no red ink. Do not underestimate the value of this. Learning from your mistakes will help you develop into a premier league property investor.
A Property Investment Diary helps you to Review
Over the years you will learn a lot about property investment (and many other things) but the way we are designed means that we forget most of this. We will only readily recall what we have learned over the last few days. Reviewing what you have learned in the past is an essential element of successful property investment.
Hands Off Property Investment Opportunity
At CPI we have used our diaries well and become very experienced property investors. We are offering a small number of “hands off” property investment partnerships to the right individuals. If you are interested in getting a good return on property investment without all of the hassle then contact us here.