Most people see property and real estate as an investment vehicle, and nothing more. That is quite unfortunate, but buying property is more than just an attempt to make money (or to fight inflation). Most successful property investors I meet tend to view real estate as something rather zen-like which transcends monetary and material gains. This might sound hokey-pokey to you, but it’s true. It’s a paradox, but in order to make money you have got to STOP thinking about making money. John Kay, the leading British economist outlines this in his Times bestseller “Obliquity” – a must read for all real estate investors even though it’s not a property investment book. The gist of the book is this – if you want to reach a particular goal (whether it is related to property or making money), you have got to find an “oblique” way to reach it. Let me explain.
How Property Buying Is A Self Improvement Exercise
In a man’s life, there are a couple of aspects which particularly stand out:-
- Love, dating and relationships
- Career (somewhat tied to money)
These are not mutually exclusive, and one aspect can well affect the other. For example, career is tied to money, and without good health, you won’t be in a good shape to advance your career. Also arguably if you have got poor health (either you’re a skinny chump or a fat slob) then your relationships will definitely suffer. So, sometimes by fixing one aspect you will be able to make another aspect better as well. For example, if you start working out and manage to sport a six-pack then don’t be surprised if you suddenly find that your ability to seduce women goes up. Another example would be:- let’s say you manage to snag up a house for sale that you have always wanted after saving for about seven years. Your self esteem will go up, which will then improve your mental (and subsequently physical) health, which then benefits your other aspects of your life as well.
In short, don’t view property buying as a mere exercise on money making. It might just improve your love life at the same time – so take it seriously!