Big Transactions Empower Your Life
We all hate failures and people who have failed many times like me,?hate failures even more.?Such people are ready to die but they will?not FAIL again. Especially Indian communities punish you very hard for failing in life and even start branding you to be a dirty omen. This attitude stops many people from doing big transactions in life however safe and profitable they may be.?
COMPLACENCY IS INTOXICATING
Many of us take a lot of time, a lot of efforts and a lot of energy to settle in life, we love that settled phase of life and things are going very smoothly, life is just going on auto mode and we have to do nothing outstanding or do nothing brilliant. If this fever continues for long we become stagnant, boring and dull in life. Initially, our friends would tell us to enjoy life but after a point of time they start scolding us for being stagnant in life.??
But successful people who have been successful many times and who have been profitable many times and who have become very wealthy know very well that every success has some chance of failure. They know very well that the extra fear of failure can kill their future. They know how to overcome their fear of failure. They know how to control that fear of failure and work like a devil under that fear. The Devil Inside them becomes bigger than the fear.
AVOID BLIND RISKS
Once I was admiring my friend for being super successful in his Ventures and I had heard that he had crossed 200 crores in the last 10 years. He was waiting for me to shut up and then he started speaking. He said that He was taking a lot of risks and if things work against him, he will have to give up his home and start living in smaller home or maybe even in a slum. This was a bulb-on moment for me.?
I would definitely not advise anyone to take such a huge risk and bet everything on just one project unless you are ready to sacrifice your life for that project. But I would definitely advise that one should carefully bet 15 to 25% of their net worth on any venture that can promote and grow their life to a new level. I consider this absolutely safe, essential and enterprising.?
Many times we get opportunities that look very ordinary and even expensive in life. But when we analyse deeply those opportunities can become a fortune for the next 3 to 7 generations. Once we are sure of that fortune then betting 15 to 30% of our networth on such opportunities becomes meaningful in life.?
AVOID "PARKING FUNDS" MENTALITY
Betting on that opportunity is just one aspect. The majority are brilliant in betting on an opportunity and?parking their funds and then forgetting everything and Getting Back To Life. This attitude is more dangerous than not doing anything in life. Once you bet your money, you should be diligent and devoted enough to follow up on that transaction and take it to the finishing line however hard and however boring it may be.?I have seen many politicians who have bet their money on 20-30 projects but fail to follow up even a single project to its climax. The result is some lucky Crook gets to control those projects and these politicians lose all the cream in their Investments. In my automated webinar, I have discussed one such tragedy that happened in my family.?
GROUND REALITY
In property investments completing a big transaction takes a lot of time. Consolidating that big transaction also takes a lot of time, a lot of energy and sometimes even more money then what you would have estimated. 99% of the times I have seen my clients succeeding in their big and mega transactions and building five times to 10 times bigger fortunes for the next 2, 3 or 4 generations. The journey is not easy and many times you feel that an ordinary mechanic or an ordinary farmer is adding more value to his life. But if you are calculations have gone right, your execution has gone right and if the market has even moved even 50% as you predicted, then you can look back and tell yourself that your purpose has been accomplished.?
Finally one has to be bold and look for big transactions, analyse the future in those transactions measure the risks in those big transactions estimate the effort in those with transactions and if still things do not look profitable then wait for someone else to jump into those transactions and track his results
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FINE TUNING YOUR GAME
If the results are super profitable, then search for similar transactions else where and you can begin your journey. This is like buying Nike shoes in a different mall.?
If the results are depressing then you can find a cheaper back door to enter those transactions at a discount and you would have better resources, better energy and more time to make those torn transactions super profitable. This is like buying nike shoes in a discount store and starting your marathon at a lower cost.?
Finally when you start doing big transactions and meet people who play the same game, your horizons will expand and outgrow and you will have many Aha moments. You will lose interest in petty things and you will start focussing on things that matter a lot. You will not waste time with petty people or impotent ideas and allocate your time only for bigger ideas and potent people.?
HOW TO HANDLE FAILURE AND LOSSES?
The Deeper your search, the lesser are your chances of failing. Its very difficult to tell someone to Laugh at your failure but its the best pain killer. Salvage and Recover what you can, with calculated efforts - is the best advise I have.
I know a client, who lost a property worth 20 Lakhs, in 1982, but he spent 30 years to recover that Property. He died before he could recover that property. His family got that property and it was worth 30 crores in 2023. This client was brilliant in manufacturing and for this Property, he sacrificed the chance of manufacturing elevators once, then he sacrificed the chance of manufacturing water tanks once, then he sacrificed the chance of manufacturing LED lights once. The hidden fact is that he sacrificed opportunities worth more than 100 crores.
What has to be pursued, has to be decided by the Brain and not by the Heart and there is no accurate answer because there is no accurate data about the future.
Watch my auto-webinar on "3 Blunders that Kill Property Empires" and learn to build a Property Empire in a simple and systematic manner.
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