Scott Robinson wrote:Congratulations on pulling the trigger, Yolanda. That seems to be my issue right now. I have been writing yellow letters since 2015 and have 1 wholesale deal done with 1 pending and 1 contract waiting to be signed (its been a slow process so far). I am in this to create passive income through owner financing. My biggest fear right now is a combination that I miss an opportunity and I that I over extended myself.
Best of luck!
Scott Robinson
972-863-2083
Hi Scott,
This helped me take action in spite of my fears. I listened to a TedTalk by Tim Ferris. He's the author of the 4-hour work week. He suggested a process he called 'Fear-setting'. It contains 3 different pages.
On the first page, you finish this sentence 'What if..?". It could be "What if I signed a contract for this property?". On that page, there are 3 columns.
Column 1: 'DEFINE' all the things that you fear will happen, at least 10 things. For his 'DEFINE', he listed things like 'I miss a notice about being audited by the IRS'.
Column 2: 'PREVENT'. Write what you can do to prevent what you fear
Column 3: 'REPAIR'. Write what you can do to repair what happened.
On the second page, you list the possible benefits of success or a partial success.
On the third page, you answer what happens in 6 months, 12 months, or 18 months if I don't do my 'what if'?
Yolanda