Making an investment can bring up a lot of questions and concerns. But there’s a major difference between doing your due diligence and getting caught up in analysis paralysis.
On today’s show, we’re going to talk about analysis paralysis, including what it is, and how to know if you’re caught in this cycle. You’re going to learn four tips for overcoming analysis paralysis so you can move forward with your investing goals. Click play to learn more!
Four Tips for Overcoming Analysis Paralysis
- Have you ever considered what it is costing you to wait to take action on your goals? For example, how much are you losing every month on a savings account, or a stock investment that is taking a dive? When you consider this, the answer becomes more clear.
- Identify what criteria is important to you when you’re investing. This is important because when you lay out specific criteria for your portfolio, you can quickly assess an investment without getting caught up in minor details that don’t matter.
- Lead with confidence. Once you have clear numbers and clear criteria in front of you, you should be able to be confident in your decision making. When you have criteria in front of you, you can take the emotions (fear) out of the equation.
- Think big picture. Here’s one of my favorite strategies for getting over common investing roadblocks: imagine yourself 10 years into your investing career with a large portfolio of investment properties. Would that more experienced version of you care about the paint color in the bathroom of one of your rental properties? Absolutely not. At the end of the day, intelligent investing is about the big picture: building net worth, time in the market, and strong returns.
Episode Resources
Book a Call with Our Team
TryNom.com/investing ← Get 50% off your no-risk two week trial!
morrisinvest.com/bootcamp ← Download your FREE 90-Day Bootcamp!
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook
DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.
Ready To Build Passive Income Through Rental Real Estate?
Ready to talk about your goals? We're here to show you the tools and teach you the process to begin earning legacy wealth for you and your family.
