Bad News - Motivation or Madness?

How do you respond to bad news or a set-back? Much depends upon how you see the world and your position in it; for those that believe they are victims left to the whims of others they are likely to respond to bad news with tears, pity or anger. Remember the aftermath of hurricane Katrina?

Some people literally stood around looking stunned and waiting for someone to come rescue them while others became energized and took matters into their own hands while providing assistance to others even as their own homes were washed away. Those that hold a more independent view of themselves are likely to view bad news as a major motivation.

Learn how to sharpen your skills and transform bad news into motivation rather than madness with these simple tips:

1.  Don't sit still. Remember when you were first learning to ride a bike? It was exciting and frightening all at the same time but eventually you fell and then wanted to wait it out instead. Your parents probably encouraged you to stand up, brush yourself off and get back on the bike right away.

The same applies to bad news as an adult; rather than take time out, it's usually better to jump right in with both feet. So, for example, while others might apply for unemployment benefits and take it easy for a week or two, they risk falling into a trap of non-productivity that can become lethal. Instead, use the extra time to make long term life changes like investing in short sale real estate to generate a long term passive income for the rest of your life.

2.  Don't cry over spilt milk. What is done is done and in the past; people with a victim mentality tend to focus on the past rather than the future. Unfortunately, in life and investing that is a big mistake. Transform hindsight into a vision for the future by taking control of your financial life while interest rates are at historic lows and the buyer's market remains in full swing. Who can say how long it will last before the banks are nationalized and government begins to intervene into the real estate market?

3.  Don't become immobilized by fear and indecision. It can be tough to act when the future is unknown but it's equally important to weigh the options of failing to act. Remember, every action has a corresponding re-action or "price tag" including the option of not acting. Although bad news might increase uncertainty, it also is a time when action is absolutely necessary to stave off disaster. One look at the success of those that depend upon "big brother" to bail them out whether banks or individuals should be enough to spur someone to action!

Figure out your desired destination and then build a course of action to get there. ShortSalesRiches.com provides all the tools and techniques needed to sharpen your skills and know-how in order to succeed in real estate.

See you on the other side!

Charles Gardner, Short Sale Investor

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