#153 4-Step Plan to Overcome Analysis Paralysis and Achieve Success in Real Estate Investing, ft. Dr. Peter Kim
Dr. Kim talks about how analysis paralysis can sabotage your success in real estate investing. Analysis Paralysis is when you get stuck in your own head, analyze things to death, unable to make a decision in order to take action.
In this episode, Dr. Kim will provide you with 4-Steps to tell yourself the right kind of story to achieve success and overcome analysis paralysis.
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Episode Highlights
Now, let’s look at what we discussed in this episode:
- Tame & train your inner voice to take action
- Catch the automatic stories in your head
- Analyze the story in your head
- Decide to change the story in your head
- Replace the old beliefs with empowering stories
Here’s a breakdown of how this episode unfolds.
Episode Breakdown
Tame and train your inner voice to take action
We often over analyze the risk and then not take action. We rarely ask ourselves the opposing question “what if I don’t take action?” The truth is, if you don’t take action, nothing will happen. For many investors, it’s easy to get stuck in limiting beliefs and hesitations that hold us back from taking action. But by recognizing and crushing these ideas, we can move forward and achieve our goals.
Step 1: Catch The Automatic Stories In Your Head
To take the first step towards investing, it’s crucial to acknowledge the stories in your head that may hold you back and to learn how to tell yourself the right ones. It’s important to pause for a moment and recognize that we tell ourselves stories all day, every day, and often without even realizing it. These stories can either propel us towards success or hold us back, depending on how they play out.
Step 2: Analyze the Story In Your Head
The second step in changing our mindset from analysis paralysis is to analyze the story we caught in step one. We need to understand where it’s coming from and why it’s present. The most crucial part of this step is determining its validity and whether it serves us positively or negatively in our real estate investing journey.
Step 3: Conscious Decision To Tell Ourselves A Better Story
It’s a matter of choosing to focus on the positive, rather than the negative, and making sure that our beliefs align with our goals. Focus on the possibilities and opportunities that exist rather than on the limitations. Decide on a new set of beliefs.
Step 4: Replace The Old Set Of Beliefs With Empowering Stories
The fourth and final step in changing our mindset from analysis paralysis to taking action is to install the chosen stories. By doing this, we’re making them the new automation in our brain instead of the negative stories that often hold us back.
