Long Term View vs Short Term Thinking

Episode 232 of the Property Magic Podcast podcast, hosted by Simon Zutshi, titled "Long Term View vs Short Term Thinking" was published on March 12, 2024 and runs 12 minutes.

March 12, 2024 ·12m · Property Magic Podcast

Summary

Simon analyses the crucial topic of long-term view versus short-term thinking in property investing. Emphasising the significance of mindset, he explores the three attitude adjustments essential for successful property investing: adopting an investor mindset, developing a value attitude, and focusing on long-term view over short-term gains.  KEY TAKEAWAYS Long-term view versus short-term thinking is crucial for property investing success. Mindset plays a significant role in achieving success, focusing on attitude, belief, and courage. Property investing requires patience and a shift from short-term to long-term mindset. Consistent action and trust in the process are essential for long-term success in property investing. Recognise the value of long-term equity growth in property investing and the benefits of holding properties for the long term. BEST MOMENTS "Most people, when they get into property, they might have their own home and they think very much like a home owner, but they need to switch that and start thinking like an investor." "The biggest problem with flipping property is when you sell that property, you crystalise the profit. You're never going to make any more money from that property." "People learn about strategies such as reaching out to landlords via landlord letters. They send a few letters, they don't get the response they want, and guess what? They stop doing it." "By putting the time and effort into your property investing, if you're going to hold that property, you get someone else to manage it for you so you don't have to type all your time looking after it." VALUABLE RESOURCES To attend your first pin meeting as Simon's guest visit http://www.pinmeeting.co.uk/, find your local meeting, and at the bottom of the page where you normally pay £20, click on where is says "pay with a voucher code" and use this code: PODCAST. This will by pass the payment page and you can attend your first pin meeting for free. Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi Find out about the Global PIN Meetings at www.globalpinmeeting.com To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20). Register at Mindset For Property at - www.mindsetforproperty.co.uk  Contact and follow Simon here: Facebook: http://www.facebook.com/OfficialSimonZutshi  LinkedIn: https://www.linkedin.com/in/simonzutshi/ YouTube: https://www.youtube.com/SimonZutshiOfficial Twitter: https://twitter.com/simonzutshi Instagram: https://www.instagram.com/simonzutshi/ Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32. Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk.    pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors. Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth. Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book. Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.

Episode Description