Real Estate Investor Magazine South Africa Real Estate Investor Magazine - Dec/Jan 2018 | Page 61

MENTORSHIP
Why You Need Guidance
to Achieve Your
Investment
Goals
GUIDING YOU TO
YOUR SUCCESS
It's a fact that all investors who
are at the top of their game
were either trained, coached
or advised by an experienced
professional to guide them,
at some stage, in the right
direction.
BY NEALE PETERSEN
M
ost people buy the house
they live in based on their
emotions, their affordability,
and purchasing power a bank assigns
them on qualifying for a specific mort-
gage bond amount. There is less time,
thought and effort put into the lon-
ger-term financial impact of the prop-
erty transaction and the effect it could
have on your personal finances going
forward.
We naturally focus more on the
touchy-feely things like location and
lifestyle. Making money through prop-
erty investing, however, can be an ex-
tremely tough game if you decide to
tackle it alone.
Property investment is a business
and must be managed and run as such.
The mistake many first-time investors
make is to approach it in the saem
manner as buying a home to live in. All
the focus is on capital gains and not on
the cash flowing ability of the property.
International property gurus and se-
rial investors such as Robert Kiyosaki
and Dolf de Roos have been teaching
first-time and experienced investors
for years on principles for investing
through their seminars, books and
coaching courses.
The first question you need to ask
is what do you want to achieve or fix?
There are a myriad of options. It’s im-
portant to understand that, as an entre-
preneur, business owner, or real estate
investor, you become a walking talking
billboard for your business. Your com-
munication, character, and reputation is
measured by your interactions. Co-in-
vestors, mentees, clients, and venture
capitalists are inspired to action by a
mentor’s experience, knowledge and
understanding. Knowing what you
want to achieve from your investment
is the first step in attracting the neces-
sary support.
The biggest thing facing most
investors is fear. A mentor
or coach can be the differ-
ence in getting a student to
take action or not. As Tony
Robbins, leading international
billionaire, self-help coach,
and strategist says, “There
are always two businesses
you have got to manage: the
business you're in and the
business you're becoming.”
If you just continue to manage
the business you're in, you
are going to get knocked
out by a new technology or
new competition. However,
if you are managing these
two businesses continuously,
you won't have to quit or
pivot, because you are always
doing something to innovate,
change or improve.
SA Real Estate Investor Magazine DECEMBER 2017/JANUARY 2018
59