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Jun
25

Reaching a new wall

By Dean Letfus

From 18/10/2006

I’ve been fairly aggressively buying lately as I accumulate property ready for the next boom. Because I spend a lot of time working with other investors these days I try to analyse what I’m doing and how I’m feeling so I can translate that into information for others.

It’s been interesting that in the last couple of weeks I’ve hit a new wall. In the last 6 weeks I’ve bought 4 houses, one subdivision, one property in Fiji and traded another 7. Every transaction involves varying degrees of stress to organise finance, find buyers, beat other purchasers off etc.

So for the last 2 weeks I’ve really felt just “sick of it all”. Sick of the stress, sick of lying in bed juggling millions of dollars of mortgages and equity and dreaming up creative ways to solve everything.

Now I’m not telling you this in the hope that you might feel sorry for me. And it most certainly is not to put you off investing. In fact I’m telling you so that you might be encourgaed to realise that no matter how far up the tree you climb you will always find higher branches, more thorns and impassable levels.

For me I need to firstly look at whether I am simply doing too much and have a rest, or whether I need more help to do some of the leg work, or whether I am simply experiencing a new level of perturbation. When I get over this wall I will come to a place where there is more fruit, bigger fruit.

Whichever of the above is my issue is OK with me but for most of us, most of the time, it is perturbation. Are we willing to face our wall and learn the climbing techniques required to get over it. Will we acknowledge that the problem is NOT a shortage of deals or a lack of money or unreasonable vendors but a wall of fear. Our heart and mind haven’t learned how to climb yet so they tell us to stay where we are. It’s safe here, don’t be stupid and try and climb up there, you might fall. So I ask you again, are we willing to face our wall and learn the climbing techniques required to get over it.
We need to because the other side of the wall is where they hide all the money!!

So 9 months later I find the same sentiments to be true. Perhaps because I am so focused I find I go and go and go, and then collapse!! I have learnt however to identify this tendency within myself and plan times to rest and be unobtainable. We fly to Fiji shortly after our CHCH event and for about ten days I don’t even have cell coverage so I will have to relax. And I find when I have time to sit and think I do my best work!!

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