Post 6 - 3 My Decision Making Rules
We talked this week about overcoming fear, neutralizing inhibitory beliefs, changing behaviors that produce results, and maximizing our communication skills in entrepreneurship and in general.
If we did all that, the road to success was paved, and we just have to start marching on it. To do this, decisions must be made. How do we make decisions that advance our goals and objectives?
These are my 3 rules for making decisions:
1. Do Knowledge Insurance - My knowledge is my insurance certificate. Is what guarantees me the ability to test whether a deal is good for me and / or for my investors so I take care to "renew the insurance" and constantly learn from any source. Knowledge is also what assures me that the funding I choose to fulfill my financial strategy serves my strategy and cash flow. As someone who has been on the financing banking side and seen successes and falls as a result of financing, it is important for me to emphasize the importance of leverage - proper leverage is an amazing tool to generate more money. Improper leverage is a tool of destruction that produces huge economic losses. Anyone who wants me to send him the leverage guide I wrote from my experience as a banker, accountant and entrepreneur, should write me and his email in the comments. I will send the guide and later more tools and tips to help those who invest and those who want to start.
2. Look at why - Our decision-making often stems from a desired outcome that we see before our eyes or from the circumstances of our lives. Is this result really the desired result? Is what I have decided really what is possible given the circumstances? Or can I make another decision that will serve me better? At the beginning of my career in real estate, I decided that what was right for me was to do flips to increase equity. This decision was due to the fact that I was mentally fixed and saw in front of my eyes only option A versus option B. In Israel with creative funding in the US and with partners and investors. When I got rid of the fixation, I started thinking about "why" - why I do what I do and whether my decision drives me there. When I realized that for me flips are just a means to an end that is a profitable asset, I changed strategy. Think about what your "why" is and make decisions based on it.
3. Make decisions fast! - Last week I was a parent accompanied by my son's kindergarten trip with me. The instructor explained to children about the export of oranges from Israel to Europe last century. She said the packaging process, the orange stamping with the Jaffa port stamp and its shipment to Europe was so long that much of the merchandise came rotten. Don't let that happen to you! Make decisions fast! Be sure to get all the information you need, and don't skip steps! Decision making with gaps in knowledge is not a correct decision making. Proper and advance decision-making is done out of knowledge, without delay and without telling ourselves excuses for not having enough knowledge, money, time. And what is the state of the oranges in your orchard?
This is the last post for this week. Hope I have given value and inspiration.
I would love to help those who want to generate passive income and let their money work instead.
Feel free to contact me in the comments or in private regarding the process of accompanying investors to create passive income - together we will build a vision and implement it by purchasing properties below the market price in Israel and / or the US that match your strategy and financial vision.
Alley: Finding the properties, renovating them and preparing them for rent, renting the property and connecting with an asset manager, including guidance and assistance in leverage in the country, if necessary.
You: Use the passive income you receive in a way that promotes you. Fulfill dreams!
I enjoyed you very much!
Write to me:
- Which post did you most connect with this week?
- Interested in the leverage guide and / or hear more about the passive income escort process? Write me in the comments.
- And last but not least, in honor of the champion women in the group - write me and I will send you unique content for powerful women.
Liron Dori
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