Just a little warning: We’re going to get a little philosophical in this article, but as you read you’ll understand why it’s important that we do … Whether you’ve heard of it or not, there’s this thing called the “growth mindset”.
Putting it this simply begins to illustrate how cultivating a growth mindset (although it seems obvious) can change the way you approach the future, achieve goals and so much more.
You may approach the rest of this article as a property investor or even as a business owner hoping to make serious ground this year, but we’d like for you to continue reading with your financial situation in mind.
So, let’s quickly have a look at some things we think you should consider as we dive into 2022…
1: Failure is inevitable at some point – use it as a tool for growth
You won’t succeed at everything you try, but be careful not to let it change your approach to trying and certainly don’t criticise yourself too much either. Rather look to praise the good that comes from any failure – lessons learned, new experiences – as this almost always leads to growth.
Research shows that too much self-criticism can trigger you into a fixed mindset and you don’t want that. Give yourself permission to fail and learn how to manage failures in a way that will help you grow.
Whether it’s at work, in your business or with an investment decision, failures can be incredible tools. Train your mind to use them as tools to grow and learn.
2: Growth may not be possible in some areas for you. Be ok with that, but think carefully about what you do about it.
You can’t be everything to everyone in every situation. It may be frustrating when you can’t improve at something and perhaps you can grow in a way that allows you to let go of that.
Growth in this instance might in fact be your ability to outsource things that you’re not perfect at. Perhaps you need better advice from a more experienced property investor or perhaps you need to hire someone to do some marketing for you. Even when you’re not great at something and you can’t seem to make ground yourself, making decisions with a growth mindset can help you find a path forward through almost any situation.
3: Grow your brain too
As the saying goes; Knowledge is power. If you don’t have the knowledge to achieve your goals, go get it or find someone who does that can help you navigate to your goal.
Reading is still one of the best ways to grow your knowledge, so as a start we’re going to suggest you read about the importance of your mindset. It can set you up for a year of success, so here’s where you can start:
Mindset: Changing The Way You think To Fulfil Your Potential
By Carol Dweck
Here’s a quote direct from the Amazon listing of the book:
World-renowned Stanford University psychologist Carol Dweck, in decades of research on achievement and success, has discovered a truly groundbreaking idea-the power of our mindset.
Dweck explains why it’s not just our abilities and talent that bring us success-but whether we approach them with a fixed or growth mindset. She makes clear why praising intelligence and ability doesn’t foster self-esteem and lead to accomplishment, but may actually jeopardise success. With the right mindset, we can motivate our kids and help them to raise their grades, as well as reach our own goals-personal and professional. Dweck reveals what all great parents, teachers, CEOs, and athletes already know: how a simple idea about the brain can create a love of learning and a resilience that is the basis of great accomplishment in every area.
We’re motivated to have the best year yet, and we want you to be as well. Go get ‘em!