Welcome to passive real estate investing, the show where busy people like you learn how to build substantial passive income

while creating wealth for the long term. And now here's your host, Marco Santorelli.

Welcome to Passive Real Estate Investing. I'm your host, Marco Santorelli.

You know, Warren Buffett once said,

until you can manage your mind, do not expect to manage money.

Getting into the field of property investing, your mindset plays a very important role.

You need to think like a successful person in order to gain access.

People are largely driven by their subconscious and they're typically not consciously aware of why they think the way they think or feel the way they feel, such as being angry or being happy.

You know, I'm guilty of this from time to time myself.

But this is influenced by many factors such as our environment and our surroundings, of course, past events, our education, our memories, values and attitudes, past decisions and our beliefs.

But mindset matters.

This is the most important concept. And Warren Buffett is correct.

You know that without the right mindset it would be difficult to become a successful investor.

So whether you listen to financial gurus or trainers or entrepreneurs, they all say the same thing, that your mindset contributes 60 to 90 percent of your success.

Only the actual number varies depending on who you ask, but the rest is mechanics and knowledge.

Do you think that great investors such as Warren Buffett or even Donald Trump think differently than most other people?

I'll bet money that they do. I would think you agree

with me here. You know a study was once concluded that if all the wealth in the world

was taken away from everybody and then distributed equally to all the people in the world,

it would probably take less than 10 years, 10 years until exactly the same people who had no or

little money before would be poor again and

exactly the same people who were rich before would all have their wealth back.

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