Poverty Mentality: Learn to Break the Bad Habit & Plan for Success

Is a poverty mentality keeping you from breaking into short sales? Learn how to break bad habits like a negative attitude, poor financial outlook and other self defeating behaviors that keep you in the poor house rather than planning for prosperity. Investigate your own money-mindset by answering the following items truthfully:

1.  Do you find yourself seeking the approval of friends and family on a regular basis?

2.  Do you find it difficult to separate fact from fiction especially when it comes to finances?

3.  Do you expect the government, insurance, benefits or someone else to "come to the rescue" when times get tough?

4.  Do you expect to fail or believe things are left to "fate", "chance" or pure "luck" rather than hard work and informed decisions?

5.  Do you find it unusually difficult to invest rather than gamble with money? For example, are you more likely to buy a lottery ticket or go to Vegas than purchase an information product that can teach you how to profit from your time?

6.  Do you believe hard labor is the only way to get ahead in life?

7.  Do you think riches and wealth are just for those fortunate enough to have "connections" or be "born with a silver spoon"?

8.  Do you apologize or dismiss your success rather than gracefully accept the praise and credit?

9.  Do you find yourself getting excited by something only to feel stupid later once someone disagrees with your position?

10. Do you fear change and find it difficult to leave the past behind?

If you find yourself answering yes to these statements, it's time to set aside the negative attitude and begin replacing it with a positive mindset. Don't allow fear and negativity to control your financial future. Success is a choice not a simple random chance.

Because it is a choice you can control your financial future by taking the time and energy required to educate and inform yourself about short sale investing then put together an action plan for success. In fact, you can change your life as rapidly or slowly as desired simply by putting an end to the defeatist mentality that keeps most people in poverty their entire lives. Instead, find out how easy it can be to transform your negative mindset into a positive force for your financial future.

You have heard it said "time is money" and no place does that hold more true than when investing in short sales real estate.  Have you ever stopped to calculate the cost of your actual time? What about the value of that same time?

Most people sell their time in exchange for as little as $7.15 per hour (minimum wage). Take time to really let that set in envision the last day of your life with your loved ones by your side.

Would you trade that last hour for $7 - pre-tax!?! Of course not! Yet each and every day people shuffle to and from work, spend hours each week in traffic and plow through jobs that leave them mentally and physically exhausted in exchange for a few dollars per hour.

Let's work in reverse and assume you want to generate an additional $1,000 per month or $12,000 per year - after tax. What are your options? Well, if you are in the lowest income bracket (currently 15 percent) and went to work for yourself - you would need to earn an additional $$1,400 per month to bring home just under $1,000 per month. At $20 per hour (roughly the average hourly income) that would require an additional 70 hours per month or the entire year assuming it didn't push you into a higher tax bracket!

What about short sales? Is it possible to make $12,000 from just one deal? Of course! That plus much more is entirely possible - in fact, it is done on a regular basis. How much time does it take to find, place a bid and purchase your first short sale property? Probably less time than it would require in your first month of part-time work above and the first time is the toughest! Once you understand the process and your financing is in place, each subsequent deal becomes easier and easier.

What would happen if you just turned one solid short sale deal each year? For ease of numbers let's just call it $10,000 a year. For less than one or two week's worth of work you could reduce household debt, afford a great vacation, save for retirement or pay for the kids college without having to spend all your time away from home.

Finding the time to begin investing in your financial future is as simple as 1-2-3.

1.  Cut the cable and invest 3 months worth of the savings into education. Now you have the time and money required to educate yourself on the basics of short sale investing. Simply transfer the money you would normally spend on those premium cable channels into information that will transform your financial future.

2.  Set aside the time to get started. If you normally watch television every night for an hour or two; replace it with short sales prospecting.  Whatever works best is the right method for you - just do it!

3.  Stop dreaming and start doing. Seriously, take action. Planning only goes so far but action is where the rubber meets the road. Make it a priority to fill out the paper work and put what you have learned into practice. Commit to doing at least one short sale deal then make up your mind whether or not it was worth it. Chances are you will wonder why it ever took you so long to begin!

See you on the other side! 2009 is mine!

Charles Gardner

Short Sale Investor

http://humblehomz-re-solutions.com/shortsaleriches.aspx