How To Take The Emotion Out Of Your Next Property Purchase | #31
Have you ever made a poor, rushed or impulsive decision based on how you were feeling? How did you feel the next day? Guilty?
Well don’t because humans operate 90% of the time on emotion, it is stored in our subconscious brain and thousands of years ago it helped to keep us alive. It is difficult to know sometimes that we are even acting based on our emotions and we often try to justify our decision making by looking for data that supports it, also known as confirmation bias.
Today is a different story, making a smart, profitable purchase decision means using logic and rationality as your motivating factors. We aid investors all over the country with the toolkit they need to level up and succeed in their own property journey and that is exactly what we’re talking about in this episode of The Property Lovers Podcast.
Get ready to find out:
- Why instant gratification is bad for us
- How we try to justify to ourselves that a bad decision was the right one
- The Chimpanzee and The Professor
- Why sellers are more motivated in the current market
- How to back and trust your logical brain
- Why you should never act under time distress
- Why it is important you have a plan and stick to it.
- How to crunch your numbers and still leave a buffer
- Learning to tame the chimpanzee inside you
- Why this is the perfect market for you if you lean on and listen to your professor
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Disclaimer: The content and information provided on the Property Lovers website, podcasts, video or written content is general advice and for educational purposes only. None of the information presented constitutes, or is intended to constitute, a recommendation for any particular security, investment or strategy suitable for a specific person. The information presented does not take into account your particular investment objectives, financial situation or needs. You should strongly consider seeking independent professional advice based on your specific circumstances.