We all know people that no matter how many times they fail, they will always get back up. They are destined to succeed and most certainly will succeed.
We also all know people that will never accomplish much in life; no matter how much they say they are going to do, we know, deep down, they will never do anything they say they will.
If we all have only 24 hours per day, what differentiates super successful people from super unsuccessful people?
Mindset + Excuses.
Let’s look at an example.
Suppose an investor bought an investment property as a rental but due to interest rates going up, they freaked out and sold it – at a loss. They blamed the government, the Bank of Canada, their mortgage rep, their Realtor and anyone involved in the transaction. Their “unfortunate” situation had nothing to do with them; however, everyone else, in their mind, made mistakes and they are simply a victim and thus do not need to change anything on their end. They just got “screwed” over.
On the flip side, take an investor with the same situation who has a different approach altogether. High rates teach them to be more analytical, more stringent with their cash reserves, helps them look at the long term financial picture, teaches them that there are always things we cannot control and accept this “unfortunate” situation as a great learning experience in the realm of investing.
These two individuals will have very different futures. The former will play the victim role and continue to blame others for their shortcomings. They will never allow themselves to grow personally and never learn from their own actions. The latter will take every situation, regardless of whether ideal or not, and learn. They will embrace all scenarios and realize that their life comes down to their own choices.
This is what creates a line in the sand of success.