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5 Ways To Overcome The Fear Keeping You From Everything You Want

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(Editor’s Note: The following article is a guest post by superstar entrepreneur and tech investor Jonathan Schultz.) 

One of my favorite sayings goes something like: “everything you want is on the other side of fear.” (I Googled this to learn that it’s actually a quote from Jack Canfield, the Chicken Soup for the Soul guy. Finally, I know where this came from.) This is so true of both our professional and personal lives. If we’re not doing the things we need to do to grow our business or take the next steps in our careers or personal lives, chances are there is an underlying fear holding us back.

Image result for time money knowledge roadblocks

It’s so easy to blame inaction on other roadblocks like lack of time, money, knowledge, etc., but if we do a little deep dive into our true motivations … I think we’d find that more often than not there’s fear of something that’s stopping us. I know for me, that has definitely played a role in some of the things that took me longer to start than I would have liked.

Maybe it’s a fear of change. Or, a fear of failure? It could also be a fear of being uncomfortable or a fear of the unknown. I think for many leaders, a fear of letting others down is a big one, too. I know that is one I hold close to my heart.

Tony Robbins is famous for telling us that we’ll do more to avoid pain than we will to gain pleasure, and I think this is so true — even in business. Everything we do is to either run away from pain or experience pleasure. In essence, he says we need to flip this principle upside-down to focus on the pain. Instead of basking in the pleasure of overeating, for example, focus on how you feel full and tired and heavy when you overeat. After enough time, you’ll associate overeating with the pain and not the pleasure and it will be easier to control.

I would argue that if we merge these two principles — facing our fears and focusing on them, rather than avoiding them — that we can see great results. So, for someone who tries to deploy these strategies … here are a few ways that the pros say we can overcome our fears:

#1. UNDERSTAND AND RECOGNIZE THE FEAR

You can’t change something that you don’t acknowledge. It’s important for us to recognize our fears in order to ultimately face and overcome them. When you do this, you might even realize that your fear isn’t well-founded — that it doesn’t even make sense.

#2. CONSIDER THE WORST-CASE

This might sound counter-intuitive, but a lot of experts say that you should then consider the worst-case scenario. What would happen if this fear really came true? In most cases, even the very worst-case is not really that bad.

I guess if the worst-case is actually really, really horrible or you’re approaching something that’s super high-risk … you should probably stop right here.

#3. NOW THINK OF WHAT THE BEST OUTCOME IS

Okay, now we look at what the best outcome is. What’s the best-case scenario. How would it impact your personal life? Your business? Your future? More often than not, we’ll find that our worst-case scenario isn’t really that bad and that the best-case is really rewarding and/or potentially fruitful for us. And, honestly, we’re usually wrong anyways. So, sometimes it’s almost better just to push forward and learn by the experience.

#4. FACE YOUR FEAR

Now that we know the two possible outcomes, it’s time to face our fears. Find a strategy or mentor to help you push through. Let’s say your fear is a fear of the unknown — you can work with a mentor who has a great grasp of that topic or read some books or take a class. Taking action towards meaningful goals and having a plan to achieve them — to push through the fear — can help you see the light on the other side.

#5. KEEP IT UP

One thing that I like to remind myself is to do something every day (or week) that scares me. I want to push myself to be outside of my comfort zone because that’s where real learning and personal growth begins. This doesn’t mean you have to go sky diving or rock climbing, but finding little ways to push yourself each day will only add to your growth as a human.

What are your biggest business fears? Have you challenged yourself to face and overcome them? Do you do something every day that reminds you to be tougher, stronger, more engaged? I’d love to hear how you’re facing and overcoming your fears. Let’s continue this over on my LinkedIn page

Jonathan Schultz is an entrepreneur, real estate tech investor and influencer. He’s the co-founder of Onyx Equities, a leading private equity real estate firm, and has been voted one of the most powerful people in real estate. Follow Jon’s blog here

Wealth Hacks

TAX HACKS: How Real Estate Billionaires Avoid Paying Taxes

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Personal Finance

DIY: How To Improve Your Personal Finances

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Even if you’re not looking for a property this exact second, you always want to be improving your position.

So, focus on the downtime to improve your finances, get your debt squared away, and put yourself in a better position when you are ready to buy!

It’s important to be sure of your financial position before you buy a property because you might find it’s harder to get that property than you would have originally thought.

Here are a few ways to quickly improve your finances to help you save more, pay down more debt, and qualify for better loans.

Pay Attention

One of the most common reasons that people struggle financially is because they simply don’t pay attention to what is going on in their own financial life. If you are not paying attention, you can’t hope to know what is going on and therefore know how to improve matters.

So, the first item on your list is to start paying attention to your finances!

When I’m working on a project, I’m laser-focused on the budget, the details, the costs, etc. But, sometimes in my personal life, I let this slide.

The reality is, when we do have a budget and focus on sticking to it, our bank account balances grow so much faster than when we aren’t using one.

I love to eat out, and my wife loves to buy small things around the house. One day, we looked back over the previous year of spending and found we each averaged over $1,000 per month on our hobbies!

By pulling back a little in each area, we were able to save over $1,000 per month but still do the things we enjoyed.

So, start by having a budget!

Even if you are financially well off and can afford most of what you want, by budgeting for the items and spreading the costs out over several months, you’ll find that you buy less, spend less, and save more.

Also, if you budget to pay down certain debts faster, you’ll see those balances dramatically drop!

So, do not overlook the importance of a family budget.

Save On Other Purchases

There might be a number of other big purchases you need to make before you get hold of your next property, and it is a good idea to make sure that you are only spending as much on those as absolutely necessary.

For any big ticket items, we actually start searching for them months or even a year in advance. For example, let’s consider kitchen appliances.

As you know, a full set of appliances can easily cost $5,000-$10,000 if you are getting high-end products. It includes a fridge, double oven, gas cooktop, microwave/fan, and dishwasher.

The first thing we did was go to the store and decide on two or three brands, styles and product lines we wanted. It’s hard to compare prices unless you are looking at similar products between stores.

Then, for months we’ll watch these items and their prices. Occasionally there will be sales and by tracking the pricing all year, we know which sales are worth getting or not. When we feel we are getting the best price, we’ll buy.

And by doing that, we can easily save $500-$1,000 or even more.

We did something similar with our TV, computer monitors, etc. Basically, anything that is currently working that we want to upgrade. Over the course of a year, we are saving thousands of dollars.

You might also use a money saving app to help.

Saving money in all these places will make an enormous difference when it comes to saving for your next down-payment

Pay Down Debt

With all the money you are saving by budgeting and by planning out major purchases, you might want to use some of it to pay down debt.

You’ll have to decide if it’s better to pay down debt or have a larger down payment because both will hold you back on your next purchase.

But, generally, paying down $1/month in debt is worth about $3/month in income. At least, as far as loans are concerned.

If you do decide to work on paying down your debt, I fully detail a unique debt pay down method to get you into your next rental property faster.

Increase Your Income

Most people just focus on debt, but the reality is you can only cut your expenses so much.

Income, on the other hand, has unlimited potential. So, why not focus on growing your income?

Increasing your monthly income can be done in a number of passive and active ways, and it is worth looking into as many of these as you can to find the right one for you. I outline a number of ways to increase your income in this article on how to earn $10,000 per month.

While earning $10,000 per month in side-income might seem a long way off, it’s important to start! Even if you can earn an extra $500 month now, and grow it slowly over time, it’s worth it!.

Don’t Focus on Just One Thing

As I mentioned already, focusing on just budgeting, or debt paydown can be detrimental to your overall financial goals. It’s important to combine a number of different things into an overall strategy, which includes budgeting, debt paydown, and increasing your income.

This article originally appeared on IdealREI. Follow them on FacebookInstagram and Twitter.

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Wealth Hacks

How To Fix The Challenge Of Wanting Learning Opportunities But No Time To Learn

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Ready for a staggering statistic? According to LinkedIn’s 2018 Workplace Learning Report, 94% of team members said they would stay at their company longer if it invested in their career development. Now, here is the kicker: the report also said that the top reason team members said they felt held back from learning is because they didn’t have the time to learn the skills they needed to.

How do we fix this dilemma? By providing a workplace that offers learning opportunities that also provides the time for team members to take advantage of those learning opportunities. This will spark creativity because I know that I’m always happiest and most productive when I’m learning something new.

We get it – everyone is busy. We go to work and we are chained to our desks (or today: our laptops and iPhones) with mounds of work to get through and we form routines and things eventually become mundane and ultimately boring. Things don’t have to be this way, though.

HOW ARE TEAM MEMBERS ACTUALLY SPENDING THEIR TIME?

The first step is to get feedback from team members on how they are spending their time at work. These questions can be asked on many subjects at work. For example, how many meetings are absolutely necessary? Rethink why you have meetings. If there is too much email or point-to-point communication preventing people from learning, it is time to really rethink the company’s time management.

WHERE DO TEAM MEMBERS LIKE TO LEARN?

Second, find out how, when and where employees like to learn so you can gain context to establish a new way of learning, which we are all trying today to facilitate via different workplace spacial designs. In the LinkedIn report, team members said the following:

·       68% of team members want to learn at work

·       58% of team members want to learn at their own pace

·       49% of team members prefer to learn at the point of need

Not every type of learning is going to happen in a classroom or even warrants days off at a time. There are plenty of informal and social settings to learn in. The real key is to connect the bridge between how your team is spending their time and what the actual definition of learning looks like in this day and age.

It is entirely too easy to say that we are too busy to learn new things, but the truth is, we are hurting our careers and our companies by staying stagnant and not growing towards new ideas and processes. Dig deep and talk to your team and find out what they want to learn, how they want to learn and when they want to learn it.

Make it happen for you and your team and your business will experience success it has never experienced before.

Jonathan Schultz is an entrepreneur, real estate tech investor and influencer. He’s the co-founder of Onyx Equities, a leading private equity real estate firm, and has been voted one of the most powerful people in real estate. Follow Jon’s blog here.

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