2009 posts

2007 posts...

  • The 2 rents in property... (10th Oct 2007)
  • Isn't it time you raised the rent?! (28th Jul 2007)
  • My strategy is best! Isn't it? (17th Jul 2007)
  • Why simple systems are so important! (15th Jul 2007)
  • The principle of mortgage cost averaging (28th Jun 2007)
  • Are you an 80% person? (1st Jun 2007)
  • 90% Emotion - 10% Property... (15th Apr 2007)
  • Remortgage and save up to £1950 per month (15th Mar 2007)
  • The best time to buy property is...? (24th Jan 2007)
  • 2006 posts...

  • Where does all your 'buy to let' postage go? (20th Nov 2006)
  • Which strategy is the best of all? (22nd Sep 2006)
  • The black, the white and the grey of purchasing property (20th Sep 2006)
  • How are you going to become rich? (3rd Aug 2006)
  • What are Service Charges and Ground Rent? (13th May 2006)
  • The 3 P's of the mortgage application (3rd May 2006)
  • How many properties before your portfolio will run off its own steam? (16th Mar 2006)
  • Brett's 3 + 1 strategy (8th Jan 2006)
  • What to do after 2 years cashflow is up? (4th Jan 2006)
  • 2005 posts...

  • What is inflation and how does it affect your portfolio? (20th Nov 2005)
  • The expected growth of your portfolio (30th Sep 2005)
  • Emotional development of your portfolio (21st Sep 2005)
  • Everything you need to know about "void" periods (14th Sep 2005)
  • The 2 greatest concepts in property! (19th Aug 2005)
  • The Property Sleep Test (7th Jun 2005)
  • 2 laws of buy to let purchasing (31st May 2005)
  • Property Cycles - Phase 4 - Galloping/Restructure (16th May 2005)
  • Property Cycles - Phase 3 - Galloping/Buy/Remortgage (15th May 2005)
  • Property Cycles - Phase 1 - Stagnate/Watch Cashflow (6th May 2005)
  • Managing your lettings agent (Part I) (13th Apr 2005)
  • Brett's 7-10 x 7-10 strategy (14th Mar 2005)
  • Brett's "set & forget property" strategy (10th Mar 2005)
  • Investing "cashflow as capital" strategy (31st Jan 2005)
  • Brett's "set & forget" philosophy (28th Jan 2005)
  • Brett's "full management" strategy (15th Jan 2005)
  • Brett's 1, 2 STOP Strategy (10th Jan 2005)
  • 2004 posts...

  • Everyperson House Rule (18th Sep 2004)
  • Are you an 80% person?

    Hey guys,

    I'm constantly on top of my guys about the importance of completing things.

    During a coaching session with one of my clients last Friday I was telling them that I was disappointed with the fact that they had promised to get a number of documents through to me on many occasions and had not once performed.

    Their response was "...but I have the 4 things 80% completed.". My response was simply "So you've really achieved nothing?"

    After the immediate defensive wall that they put up to prove they were right, they settled down and began to realise that even though they had put a lot of time into each of the things, they hadn't in fact completed any of the tasks.

    Further, I knew they had committed to completing a technical course which required a fair bit of study and a number of exams, so I asked them about that. Their response: "I have studied all the subjects but haven't done the exams..." Bear in mind that the information is basically useless until they have been awarded the certificate. So, again -- I pushed a little -- "So you've still achieved nothing so far, right?"

    This time, the response was a little different. He had begun to realise that he'd achieved 80% of his goal, but still had the other 20% to go. The final 20%. The most important 20%. The 20% that makes the difference between winners and losers, successful and unsuccessful.

    As we went on it became clear that 80% was a common theme throughout their entire life. He had been 100% committing but only 80% completing for so long that they had almost forgotten how to finish something.

    It's all about Discipline...

    <>

    I see it so often in life and it's something that I suffered from until I began to make a conscious effort to 100% complete things. For years I would say I will do this and not really deliver until I realised that one of the major differences in the people that I met who were successful was that they would 100% commit and 100% complete. It has been the single biggest factor in the success I have had.

    My realisation...

    The scary thing is that it took a close friend of mine to confront me with the reality of my lack of discipline. At first I denied it (that was my ego), but deep down I knew they were correct. Since that day I have consistently completed things and my results have gotten bigger and bigger.

    I am about to complete my first solo flight in a helicopter. It has taken 6 months, 17 hours flying, 2 exams and 1 medical. I still have around 40 hours and 5 exams to complete this, but I can guarantee that come the end of the year I will be licensed to fly a helicopter. I can say this because I now complete things. I have become a 100% person and that has made a massive difference to my life.

    How do you overcome being an 80% person?

    Simply make a conscious decision to 100% complete everything you do.

    My client's problem was that they had gotten into such a habit of 80%ing everything that it was going to be a massive change. The good news is that once you start 100% completing tasks you see the results straight away. Everything becomes easier and the people around you seem to change.

    I advised them to achieve small things first. The technical course for starters.Then something else. Then something else. Complete each thing before attempting the next. As they achieved each thing the success of this would reinforce the new attitude of 100% completion. Over time with effort the old 80% habit would be replaced with 100% completion. The results would begin to flow and then they would be ready to attack bigger tasks.

    So if you feel like you have a thousand things 80% completed and you feel as though you are in a bit of a "rut", perhaps it's time you give me a call and let me guide you out of it. It's always easier when you have someone who's been where you are to help guide you where you want to go.

    Live with passion,

    Brett Wood

    PS. Yours might not be a technical qualification, a helicopter license, but it will be something. So find out what it is and solve it... And the sooner the better!

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