565: How to Take the Fear Out of Investing in New (or Bigger) Deals w/Bestselling Author Kindra Hall

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 1 February 2022

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

Analysis paralysis is always lurking. Even the most experienced investors feel it before they pull the trigger on a new deal, business, or strategy. It’s not to say that careful consideration of an investment isn’t a crucial requirement to success, but the mental stuttering we feel when trying to make a decision can leave us in a foggy stupor. When we feel like this, we do fewer deals, build less wealth, and live our lives half full. Kindra Hall, bestselling author, master storyteller, and real estate investor knows this feeling all too well. She watched her husband struggle with analysis paralysis during the mass foreclosures of the great recession. Thankfully, she and her husband took the time to catch, analyze, choose, and install a better outlook, or story, for their investing future. This type of mental mechanism allowed Kindra and her husband to grow their real estate holdings and buy the beach house of their dreams. In today’s episode, Kindra outlines the four steps every investor needs to go through to create better mental stories that will push you to the finish line, instead of keeping you in investing anxiety. If you’re still waiting to purchase your first investment property, we recommend taking this advice to heart, trying it out, and taking action! In This Episode We Cover: The stories we outwardly and inwardly tell ourselves that could hurt our success How to crush hesitation so you can make the right decision faster Shrinking limiting beliefs about what we can and can’t do The four-step process to redesigning your story and installing a new one How Kindra got a $1M+ beach house for well under asking price And So Much More! Links from the Show BiggerPockets Jobs BiggerPockets Youtube Channel BiggerPockets Forums Airbnb Holmes on Homes (TV Series) Craigslist Amazon Barnes and Noble Robert's Youtube Channel Robert's Instagram Robert's TikTok David's Instagram Seth Godin's Website Check the full show notes here: https://www.biggerpockets.com/show565 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast Show, 565.
0:04.8	Maybe you would say, I'm never buying a house on a corner ever again.
0:07.4	And like you said, maybe you're like, I'm done.
0:09.0	I'm out. I can't do this anymore. This is too.
0:11.8	So keeping those stories in check, they happen to the best of us.
0:14.9	They probably even happen right now, even with all of your experience.
0:18.9	Those negative stories are going to be creeping in and it is up to you to keep them in check.
0:32.4	What's going on everyone? It is David Green, your host of the Bigger Pockets Podcast,
0:36.8	the show where you learn how to harness the power of real estate to live life on your terms.
0:41.4	Whether you dream of quitting your 9-5 wanting to retire early or just want to back a plan,
0:46.4	you're in the right place. We help you do this by bringing on other successful investors that
0:50.5	have found financial freedom through real estate so you can learn from what they did,
0:53.9	help avoid their mistakes. And then at times, gain the mindset of what successful people have.
0:59.0	And in today's episode, we are speaking with best-selling author, Kendra Hall,
1:03.2	who is an expert on the stories that we tell ourselves. She's also a real estate investor,
1:07.7	so we get some really good information about how people sabotage their success,
1:11.6	as well as how to tell yourself the right kind of story to find success.
1:15.8	And here with me today is my good friend and co-host, Rob, Robilt,
1:20.5	Abasolo. Rob, what's going on? How are you doing, man? I'm so excited to get into today's episode
1:25.8	because I think Kendra really brings a different approach to real estate investing. A lot of us get
1:31.2	so wrapped up in numbers and nuts and bolts and details, but she really helps open up a different
1:36.8	way of thinking, I think, when you're wanting to get started in the game. Yeah, when we were talking
	...

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