PERSEVERANCE IS THE RECIPE FOR SUCCESS

Each week I hear stories of how people have been burned or hurt as a result of their investments. Thankfully many have picked up the pieces eventually and soldiered on. If you asked each one of us mentors whether or not we had invested in some disasters or near disasters, we’d all have to say yes.

The difference between overall success and taking the easy road of holding back or giving up is PERSEVERANCE.

We don’t usually compare property investments to sporting achievements, but the principles and the discipline should be the same.

There are some fine examples of achievement in sports, such as Sir Steve Redgrave, Dame Kelly Holmes, Lance Armstrong and Dame Ellen McArthur amongst others. They reached the top of their sports through sheer determination, daily discipline, and perseverance despite injury and illness. What we don’t see are the hundreds of other sportsmen and women who train hard on a daily basis. They have a goal in mind, and they know that in order to achieve their best levels they have to keep practising a bit at a time in order for their achievements to grow to the next level.

Now is our chance to get into the mindset of the training athlete if we are to create the difference between last year and 2010. Can it really be as simple as a commitment each day to forward our bid for freedom?

Jeff Olson in his book “The Slight Edge” shows how the DISCIPLINE of doing even one small thing each day towards your goal compounds over time, but that also the practice of not doing one small thing each day towards your goal can in fact compound your lack of achievement.

Are you prepared to take the risk this year of not persevering each day, come rain or shine to move forward in your bid for freedom?

A race horse is blinkered to keep him from distractions, a 100m runner is focussed on the finish line, what are you going to train your eyes on in order to succeed?

Distractions lead to disaster, so move them out of your line of sight.

If you’re not sure what to focus on then this could be the cause of delay in your success.

• Make sure you buddy up with someone and become accountable to them.
• Take your goal and break it down into monthly targets.
• Then break these down again into daily tasks.
• Each day make sure those tasks are achieved.
• The perseverance and discipline of the athletes should provide a pattern for investing.
• The compound result of sticking to any regime is felt over a period of time.
• A habit takes several weeks to form.
• Within a month you will see and feel the results of working as though you are an Olympic athlete.

Imagine the results when applied to your investment strategy.

If you haven’t decided on your strategy then log onto www.YvonneEmeryCoaching.co.uk and follow the You Tube series on how to create your own strategy.

Make sure you’re all set to go for a very prosperous, successful and disciplined 2010.

Happy investing

Yvonne