45 Mindset Success Secrets of the Wealthy

8/6/2019 45 Mindset Success Secrets of the Wealthy

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Real Wealth Australia

Phone: (03) 9438 2889

Email: [email protected]

PO Box 555, Diamond Creek VIC 3089

www.realwealthaustralia.com.au

CORPORATE MEMBER

Real Wealth Australia Pty. Ltd. www.realwealthaustralia.com.au 2

45 Mindset Success Secrets of the Wealthy


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Copyright 2010

All rights reserved. No part of this publication may be reproduced, stored in a retrievalsystem, or transmitted in any form or by any means, electronic, mechanical, photocopying

or otherwise, without the prior written permission of the publisher. No responsibility

can be accepted by the author or publisher of this book for any action taken by any

person or organisation relating to any material contained herein. Property investment

is a complex and changing field and all readers should seek independent, detailed and

professional advice as to the relevance of any part of this material to their own specific

circumstances.

Disclaimer

The information in this booklet is based on the personal opinions and own personal

experience of property investing by Helen Collier-Kogtevs (Helen). Helen is not an

accountant, real estate agent, financial advisor or solicitor. Helen is an investor who is

sharing information from her own personal experiences only.

The information is not intended to be a vehicle for the provision of investment and related

advice to you. Helen is not giving you legal, accounting, investment, real estate, valuation

or financial advice. The information contained in this booklet will not be effective unless

you obtain appropriate independent professional advice and do the necessary research

and due diligence in respect to your own personal financial position and lifestyle.

You must be cautious about making investments where your decisions are not based on

sound research and independent professional advice as it is not only risky but can be

disastrous.

Helen and her associated companies, including Real Wealth Australia Pty Ltd are no

way liable for any loss, damage or misunderstanding caused by mis-management of any

information. Ultimately you will need to make the final decision yourself based on your

situation, lifestyle and independent professional advice.


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Introduction

If I received a dollar every time someone asked me how I became successful, I

wouldnt need to write this ebook. What I nd most fascinating about people is that

when I share with them my secrets, I then get to hear all of their reasons and excuses

as to why they cannot achieve the same level of success!

It sounds crazy, but some people seem content living at only half their potential. Do

you wonder where your life is going and how you will survive in the future, without

being conscious of the consequences of riding the daily treadmill?

To change the external, you need to start with the internal the way you think. The

way you think dictates your actions; therefore, if you want that dream job, you need to

take action that will lead to your desired outcome. So you update your resume, nd out

what skills are required for the job, talk to people doing the job etc.

Habits are what cause you to stay on the treadmill and therefore you waste your time

wishing yourself away into la la land, living in the hope that someone will see your true

potential and give you the dream job you so deserve. Unless you are Princess Mary,

there are no fairytales endings here!

So now what? Well, you can continue doing what you have always done and getting

what you have always gotten. Or, why not give up the expectation of getting a different

result, and just start by taking ACTION?

If you want to build wealth and gain a millionaire mindset then start learning how or talk

to the people that have done it before you. Read their books, and learn their strategies

for success. As you stretch yourself out of your comfort zone, you will start to see and

feel things differently. Your perspective on life will alter hence it is only natural that your

results will alter too.


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You can stop expecting a different result and step out from being ordinary by taking

action towards making your dreams a reality by living the mindset secrets of the rich.

The information on the following pages has been written to give you some guidelines

into being happier, more successful and more abundant in all areas of your life.

I hope you enjoy reading this ebook!

Helen Collier-Kogtevs


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1. Acknowledge your Potential

To achieve success in your life, you need to understand that you have the potential

to Be, Do, and Have anything your heart desires. You have the ability to reach the

goals you have set for yourself by unlocking your potential. You and only you knows

what passion lies within and acknowledging what you are good at is the beginning to

unlocking your potential, and opening yourself up to more possibilities.

2. Never Give Up

Perseverance is a major component to becoming wealthy. Successful people never

give up on their dreams, even when the going gets tough. They just nd another way

and continue to strive for what they want. When it comes to property investing, you will

always run into problems and challenges. The secret is how you deal with them. When

you hit a brick wall, go around it, over it and when all else fails, go through it. You will

be amazed at how much you learn from your challenges so embrace them and look forthe lesson rather than the problem.

3. Be Unstoppable

Determination keeps you focused: it is the oil that lubricates the engine of dreams and

helps you to achieve your goals. Having an unstoppable attitude prevents negative

thoughts and comments from deterring you from your goal. For example, when talking

to friends and family about your property investment goals, many will be negative and

try to dissuade you from following your dreams. Being determined prevents you from

listening to the negative comments and focuses you on the task of creating wealth.


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4. It must be fun!

Notice how successful investors enjoy life? Sure, they have their challenges, but they

always manage to get through and enjoy the process along the way. It is important

that to succeed in achieving your goals, you must enjoy the journey. Theres no point

in learning how to invest in property if all you want to do is play golf, just as there is no

point in forcing yourself to achieve a goal if it is no fun. Find a way that allows you to

enjoy the experience more, thus increasing your chances of succeeding at your goal.

5. Alter the way you think

The denition of insanity is doing what you have always done, getting what you

have always gotten, and expecting a different result. To change the result you have

to change the way you think about things. For example, if you want to become a

successful property investor, then you need to start thinking like one. If you are

careless with money and spend it frivolously, then how do you expect to growth realwealth? Books like Millionaire Next Doorand Millionaire Mind by Stanley and Danko

are an excellent source for understanding how millionaires think.

6. Set your goals

Without goals its like going through life trying to nd a destination without a road map.

How do you know what destination to aim for without goals? Writing down goals that

are realistic and do-able helps you to achieve your desired outcome. Its imperative

that you feel you are capable of achieving them, so keep them simple, as this will help

your road to success. We all know that success breeds success therefore start off with

small steps. For example, you could set a goal to lose weight. Start off by aiming to

lose two kilograms in six weeks, which would be approximately 330grams per week.

By keeping it simple allows you to achieve your goals more regularly, helping fuel your

desire for greater goals.


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7. Stay committed

You and only you can achieve your dreams; after all they areyourdreams. To stay

committed, chose to spend time with like-minded people who are experiencing the

level of success that you are seeking. This will help ensure that your dreams are alive

and well, which increases the likelihood of you obtaining success. Having a mentor will

always keep you focused and committed even in times when you may feel that its all

too hard.

8. Positive attitude

A healthy attitude and a positive outlook will help you to succeed. People in a positive

state of mind generally enjoy life more and therefore are more likely to attract success

into their lives. Just as a bad attitude can drag you down, a happy attitude will help

you achieve your objectives. When it comes to property investing there will be times of

disappointment when you miss out on great deals or your nance doesnt go accordingto plan. Keeping a positive attitude will allow you to learn from the challenges, rather

than wallow in self-pity.

9. It takes courage

Property Investing is not the easiest way to create wealth as it requires to you ask lots

of questions, talk to strangers and ask for what you want. Hence if you are shy or dont

like to negotiate, it could end up being a daunting experience. Therefore, sometimes

it takes courage to carry out what you believe in. It also takes courage to stand up for

what you believe in, which may mean going against the advice of friends and family.


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10. Be open to learning

It is important that as you travel your journey towards success, you keep an open mind

and enjoy what you learn along the way; otherwise it becomes too easy to quit. As the

laws surrounding property investment change regularly, keeping an open mind allows

you to best manage your wealth creation.

11. Tell others

Seek out and spend time with like-minded people to help you remain focused, and

then share the details of your journey with them. By telling others what you plan you

achieve, and discussing your goals for success, you may be able to pick up new

strategies and techniques that theyve successfully used in the past.

12. Find a mentorThe best way to fast track your success is to nd a mentor. The key is to nd someone

who already has what you are trying to achieve. They can assist you by being your

sounding board for ideas and reality checks. You want a mentor who will give you

honest feedback about your direction, progress and concerns as well as work with you

in keeping you on track to achieving your success.

13. Stop and listen

Surround yourself with people who are successful and have achieved what you want to

achieve. Listen and pay attention to them, as they have enjoyed successes in their life.

Go to seminars, workshops and meetings and listen to people who can assist you by

giving you the ideas and techniques for achieving your success. It takes time to learn,

but good listeners know that listening is an important part of success.


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14. Take action

Taking action is the only road to success. Creating the habit of taking action allows

you to achieve your goals sooner. Sitting at home on the coach watching TV only

wastes precious time. While you learn how to overcome lifes little challenges, start by

taking small steps towards your goals. How do you build a multimillion-dollar property

portfolio, one property at a time?

15. Stay motivatedYour action plan or to-do-list will help you stay motivated when striving for your big

goal of success. However, with lifes little challenges thrown at you regularly, it can be

difcult to stay motivated. When you start to feel that your self doubt is dominating

your thoughts, try prioritising what needs to be done and focus on the smaller parts of

the whole; that way, you are less likely to feel overwhelmed.

16. Go easy on yourself

If you are working hard towards your goal, give yourself permission to take a break.

That does not mean that you can miss deadlines or not complete your goal, however,

if you achieve several milestones, its okay to give yourself some time off or a reward.

Maybe you can go watch a movie or take a walk along the beach. Sometimes we can

get caught up in attaining our goals and forget that we need to give the mind and body

a rest. Rest and relaxation is when we are at our most creative. Be exible with yourself

and allow yourself to experience the journey fully.


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17. Got to have passion

Passion is another key ingredient to success. It gives us more drive to achieve, thus

effort becomes effortless. I am not talking about obsession but passion. Passion is

when you love what you do and it shows through how you talk and act about it. For

example, you may be passionate about creating real wealth through property investing.

You read all the investing magazines, go to seminars and expos and join networking

groups. You meet wonderful people and discuss investment opportunities and

research. However, if its all you ever talk about with everyone around you, then that is

an obsession. Passion is talking about property investing with like-minded people, yet

having the ability to know when to stop.

18. Feel the fear and do it anyway

We all have fears, but the difference between the rich and the poor is that the poor

are stopped by their fears, whereas the rich feel the fear, weigh up the risks and thentake action. This is one of the best skills you can learn. The tragedy about poor people

is they allow their fears to prevent them from taking any action, yet when the rich are

lacking information (which causes their fear), they work towards learning more before

making a decision. Belief in yourself and your own abilities will also help you work

through your fears.

19. All good things take time

Learning and succeeding takes time. You cant go from being a novice investor to

being an experienced investor in a weekend or a few months. Knowledge takes time to

be absorbed and applied, so be patient, and learn as much as you can on your way to

success. Again, having a mentor or coach can help you cement what you learn while

guiding you around the pitfalls. Property investing is a long-term strategy yet if done

correctly, it will reward you generously.


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20. Its all about attitude

A positive attitude can alter a challenging situation into a positive learning experience.

Instead of having a bad day, think of moments as challenging, and know that you will

be okay in the end. Your positive attitude will attract positive people and situations into

your life, giving you a much higher opportunity for success. Besides, people dont want

to hang around you if you are a misery guts.

21. GratitudeWhen you think about your life, are you grateful for what you have, or are you focused

on the things you dont have? The answer to this question can have a huge impact on

your success in life. Yes, its important to be driven to work towards your next goal, but

its also just as important to appreciate what you already have and show gratitude for

the many positives in your life.

22. Reward yourself

Its important to reward yourself along the way and celebrate your mini-successes,

so that the process of creating wealth is an experience that you enjoy. For instance, if

you make an offer on a property and your offer is accepted, reward yourself for your

clever negotiating with something small, like your favourite takeaway. Be careful not to

blow the budget and reward yourself too frequently, but ensure that you mark the big

milestones as they pass!


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23. You only live once

Its a clich, granted, but it also rings true: you really do only live once, so why waste

so much time procrastinating, thinking, planning and wondering, when you could be

out there doing? Research and careful preparation is always important when it comes

to nancial matters, but at a certain point you just have to the seize the day and take

action.

24. Action plans

Knowledge plus action equals success its as simple as that. Knowledge without

action is just knowledge, and it really wont take you far, unless you devise smart, time-

bound action plans to take you from A to B. Think of an action plan as being a road

map to your destination: without it, youll stumble towards your destination, but with it,

youll follow a clear and simple path.

25. Network with like minded people

There will always come a time when you will need help with accomplishing a goal.

Having mentors and coaches in your life can become invaluable in those situations.

These relationships with like-minded people can give you the answers, support and

encouragement you need without you having to do it alone. Having like-minded

people in your circle can fast track your success while minimising your risk of making

mistakes.


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26. Bad debt versus good debt

Bad debt is spent on anything that does not produce an income such as holidays,

cars or plasma televisions, while good debt is spent on income-producing assets for

example, property, shares or a business. If you want to borrow money as part of your

wealth creation strategy, then it is important that you clean up any bad credit and pay

off your bad debt as part of your strategy. Activities such as completing a budget and

speaking to your panel of experts will assist you with putting you in good stead to

achieving success with your wealth creation goals.

27. Read

If your goal is to create wealth through property investing then reading reputable

newspapers and magazines will help you learn about current hotspots, demographics

and opportunities for investment, and will provide valuable statistics to assist with your

investment choices. You dont need to be an expert in all areas of property investing,however learning about the implications of land tax or where people want to live may

assist you with where to focus your energy for sourcing properties to purchase.

28. Personal development

Being wealthy is about much more than simply having money. There are plenty of

nancially successful millionaires in the world who can have anything that money can

buy, yet they still dont enjoy their life. Investing in your own personal development

should be a lifelong journey, as it guides you towards nding your life purpose, and

inspires you to feel more motivated, energised and passionate in all areas of your life.


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29. You need to practise

Success rarely occurs overnight; it takes time. By taking your goals seriously it keeps

you focused on your success, especially if you are writing your goals for the rst time.

It takes practice and the more you practice, the more enjoyment you receive from

achieving your success.

30. What did you learn?

As a property investor, you will always experience challenges. Reviewing every

challenge allows you to learn what not to do or how you could do things better the

next time. A key trait of successful investors is to always review each purchase and

experience, including the positive and negative aspects, to work out the learnings that

can be applied to the next investment.

31. Keep it real

When setting your goals, try and keep them simple and achievable. If they are

unbelievable, you will quit at the rst sign of difculty. An example of this could be

that your goal is to purchase 10 investment properties over the next twelve months.

Now, for most people this goal would be unrealistic, however if you said one property

in the next twelve months, then this would be more believable, and therefore more

achievable.


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32. Due diligence

Research, research, research. To achieve success you need to study the area, business

or industry you are particularly interested in. As you learn and understand more, your

goals will change. Remain exible as your due diligence will open up new possibilities

that you did not previously consider. The more research you do, the better your

information and the lower the risk of getting it wrong. Making decisions based on facts

from your research takes the emotion out and stops you from making mistakes.

33. 110% commitment

To play at out is to give it all youve got. When attending seminars or workshops,

try to participate fully by asking lots of questions and being attentive. The act of fully

participating is more powerful as you learn more. Your commitment will help you stay

focused when you are faced with lifes little challenges.

34. Unconscious power

Have you ever gone shopping for say, a new car, and all of sudden, you see that exact

car everywhere you look? For months you never noticed other cars on the road, but

now that youre looking to buy this particular make and model, its all you see? This

is your unconscious mind at work, and if you want to be successful, you must know

how to unleash the hidden power of your subconscious. Some successful people do it

automatically, without understanding how it works, whereas others have to learn how

to tap into that zone and unleash its hidden power.


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35. Expand your mind

When you have your idea for success, dont stop, keep going. Stretch yourself by

taking it one step further beyond where you thought it would go. For example, if you

want to invest in property, dont give up on your goals at the rst sign of a challenge.

Instead, expand your mind by looking for alternative solutions; investigate different

strategies that have worked for other investors; and never give up on achieving your

goals, even if it means stepping outside of the box.

36. Plan ahead for success

Financial success isnt just about making money its what you do with your money

when you reach your goal that counts. Research shows that most lotto winners are

broke and miserable within a few years of winning their millions, simply because

they didnt know how to manage their new-found wealth when it arrived. If you start

planning now for strategies to manage your cash ow, and use your wealth to createmore wealth, youll be able enjoy your success and spend time doing the most

important things in your life.

37. Procrastination

If you feel like you are about to procrastinate, then put it off until tomorrow and get

down to business. This is the way to overcome your procrastination. Procrastination

is about in-action, which stops you from moving forward towards achieving your

success. Usually procrastination is associated with fear. Write down what you are

procrastinating about and take appropriate action to overcome it. For example, if you

are procrastinating about buying an investment property, and it is due to a fear of

making a nancial mistake, then seek out mentors and experts in the industry who can

work with you to overcome your fears and get you taking action.


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38. Overcoming laziness

It takes 21 days to break a bad habit. Try and establish what causes your laziness, and

each time you start to feel lazy and you resist taking the action you need to achieve

success, and then stop yourself. For example, you want to get t by going for a half

hour walk four times per week. As a new habit takes 21 days to be created, challenge

yourself to get up and go for that walk. As soon as you wake in the morning and feel

like not going, then push yourself to break through that resistance. Dont give it up and

within no time you will have overcome your laziness and create a new habit.

39. Work life balance

If you enjoy life and you enjoy your work then you have balance. It is a day-by-day,

week by week challenge to ensure that your work life balance is where you want it

to be, but it simply boils down to: if you do not enjoy your work, then change it, or

increase activities that bring you happiness.

40. Enjoy yourself

Isnt this what life is all about? Enjoying yourself will encourage success. The one thing

that is limited in this life is time, so make the most of it and enjoy every moment. Plan

your life around activities that allow you to enjoy yourself more, for example, have

breakfast with friends, go watch a movie, pamper yourself, go for a picnic, spend time

with loved ones, do what ever it is that makes you happy. Enjoy all your successes

because you deserve them all.


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41. Health

Without your health, you have nothing, and it doesnt matter how much success you

have this applies to everyone. Having a balanced diet with regular exercise will return

you a better quality of life. A better quality of life allows you to enjoy your successes

more. Its hard to enjoy success if you are feeling unwell, so do yourself and your family

a favour, and stay healthy.

42. HappinessTo achieve happiness is really simple do things, activities that make you happy. Its

not hard, so rather than focus on the negatives in life, try and focus on the positives.

The more you focus on the positives, the quicker the new habit is formed (remember

is takes 21 days to create a habit), hence the negatives wont be as insurmountable as

you think. Give it a go because life is too short to be wallowing in poo!

43. Information is power

You may have heard the phrase that information is power, and that certainly is true

but until you take action on that information, nothing will change. Once you learn

how to apply the information, thats when your life will begin to improve. For instance,

if you wish to invest in property, and youve conducted extensive research and due

diligence, then you have all of the information in front of you to help you achieve

nancial success. But unless you take action and actually buy a property, what good is

the information?


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44. Do the opposite

Heres a vital secret to success that many people just dont get, but when you think

about it, it makes a lot of sense. If you want to Succeed, you need to gure out what

most people are doing in their everyday life and then do the exact opposite. Once

you start using this formula, the decisions you need to make in order to succeed

become much more simple and clear. For instance, the average person has a high

level of consumer debt, such as credit cards, which will only block your wealth creation

journey. Do the exact opposite, and get rid of your credit cards or bad debt, and youll

be well on your way to success.

45. Celebrate!

It is always important to celebrate your achievements; it becomes all the more

worthwhile. Reward yourself with a dinner at a fancy restaurant or that iPod you have

been wanting. Keep your rewards manageable so that you dont break the bank, butstill allow you to enjoy the fruits of your efforts.


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Cut years off your learning curve and avoid deadly cash eating

mistakes with the shortcut confessions of a Pro investor

This hard hitting 210 page book is jam packed with essential property investing information that

would takes years and tens of thousands of dollars to discover on your own.

Why cash flow is literally the key to building unstoppable momentum and creating a lasting

property portfolio that makes you rich faster!

Think that having all your accounts and loans with the one bank means theyll look after you?

Not so discover the shocking truth about this massive risk.

Why the time you invest in research is the most profitable time you will ever spend and why

being lazy about your research costs you big time.

PLUS Essential tools, resources and user friendly templates thatmake your investing job a breeze

The 17 critical steps to successful property investing. Learn the easy to follow take

you by the hand step by step formula to real property wealth for you and your family.

The 10 keys to research. Discover little known yet simple

shortcuts to get your research done extra fast.

Set your buying rules. Why not every property is right for

you and your situation and how to zoom in with laser sharp focus on the properties that are

right for you.

Plus so much more...

This book is Un-put-down-ableNila SweeneyEditor, Your Mortgage Magazine


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Ten years ago, Helen Collier-Kogtevs was rapidly climbing the career ladder in a busy, well-paid job,

but was thinking about giving up work to start a family with the love of her life.

It was then that it hit her - she had no savings or real assets (designer shoes and handbags don't

count). Worst still - she had credit card debt and personal loans that required her full-time salary to

service.

Fast-forward a decade and Helen has a multi-million-dollar property portfolio, a rewarding property

education business and a lifestyle that allows her to spend as much time with her beautiful baby

daughter as she chooses.

How did she do it? And more importantly, how can YOU do it too?

In How to Start Creating Real Wealth Through Real Estate, Helen Collier-Kogtevs takes you by the

hand and leads you step by step through the early stages of property investing.

One thing you learn early on is that, surprisingly, successful investing is not about the property! You

don't start building your portfolio by hopping onto realestate.com.au and choosing the latest two

bedroom townhouse.

It's about the finance. You start by taking a look at yourself and also how others view you. What is

your credit rating? Are you a good risk? How can you become a better risk so that you can secure

the finance you need to execute a sound investment strategy?

There's no better time to get started creating REAL WEALTH through REAL ESTATE.

What are you waiting for?

45 Mindset Success Secrets of the Wealthy

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