Finding the Balance of Critical and Positive Thinking

Today, I want to talk to you about negative versus positive thinking, specifically within relation to real estate and evaluating it. I just listened to a video today. Uh it was really interesting. It was an individual talking about negative and positive thinking and and and which one's more important. Should you be more positive, more negative, which one causes the most mileage, he would talk about. Uh and what he said was interesting. He says, "They're actually not on the same linear scale. They're actually two different scales all together." Let me explain to you through real estate. So, negative versus positive thinking, you can hear all sorts of charlatans, I like to call them, talking about the the value of positive thinking out there. Just believe, manifest these things into the world. When we're talking about real estate deals, you ought not to always manifest things in the world. Sometimes a deal's bad. And if you only allow yourself to think positively, you will never allow yourself to think critically and be able to see the bad parts of the deal. On the other side, there's negative thinking. That would be like, "Hey, nothing ever makes money. Real estate never makes money. There are no good deals out there. Everything else is gone and I missed my window, etc." That negative thinking is really, really damaging, right? And it's not the opposite of positive thinking. Negative thinking blocks you out to opportunities. Whereas positive thinking only allows you to see positive opportunities and that very fearful place that I'm the most scared of in my own life, it's the words of Mark Twain. It's not the person that doesn't know that's the problem, it's the person that's absolutely certain and it just ain't so. That's where positive thinking and only positive thinking will get you. When we look at eliminating negative thinking now, okay? That's where we open ourselves up to accept good risk, good calculated risk, where we believe positively in our ability to value and to figure out the problem that's keeping whatever that situation is in a deficit where you can actually force an equity on the purchase. So, when we think about buying and selling real estate, observing real estate, the difference between negative and positive thinking isn't linear. They're two separate things. So, I encourage you, try to eliminate all the reasons why you can't do things. All right? Think positively on that front, but I also warn you, don't just think positively. This business will chew you up and spit you out if you can't smell a dog for what it is. So, there's your Wisdom Wednesday. You have a great day and check us out next week.