On your entrepreneurial and/or financial freedom journey, you will encounter many losses, hardships, and downright failures. Turning these losses into wins by extrapolating the lessons learned and applying it into everything you do moving forward is the best way to learn and progress. Some losses will be harder than others. Some will make you question everything, make you wonder why you’re doing what you’re doing and if it’s even worth it to continue. Sometimes, it’s difficult to see the light at the end of the tunnel. I’ve been there, and in some capacity, I’m still there. However, being cognizant of the lessons I’ve learned from the hardship I’ve endured along the way has reassured me I’m on the right track and that nothing worthwhile comes easy.
The most difficult lessons I’ve learned
In real estate, especially trying to buy it with little to no money creatively, it can be extremely difficult at first to make it work. You will have to go over all the speed bumps and hurdles in the beginning before the process becomes smoother with both systems and money coming in to reinvest. One of the biggest losses I’ve faced thus far was getting a 7 unit property under contract using creative financing and then having my lender back out due to market conditions and the fact that the property was student housing. This alone would be cause for many people to give up. I was very close to giving up. This loss, however, showed me that when there is a problem to be solved there is always a solution to be found depending how bad you want it. At the time this occurred, I was on vacation. I spent countless hours in the morning and evening speaking with different lenders trying to find a product I could use under a lot of pressure. After almost 2 weeks of searching and getting no’s when I was finally about to give up, the universe answered my efforts and sent my now lender to call me on a follow-up campaign they were cold-calling. From this experience, I was able to build a great relationship with a great loan officer at a great company that does exactly what I need. This connection would have never been possible had I not learned the lesson of, by putting out my energy and effort into the universe, the universe would answer me with a solution. For every problem there is always a solution. None of those solutions involve panicking, giving up, being negative, or blaming others for failure or hardships. The more negative energy you put out into the universe, the more the universe will reciprocate that energy into your life.
Dealing with the hardships and lessons in your own life
What kind of losses and hardships are you facing in your pursuit of financial freedom? How do you respond to them? What kind of energy are you putting out there? These are a few of the questions you should be asking yourself on how you respond to adversity. How you respond to anything is how you respond to everything so make sure when asking these self-reflective questions that you’re honest with yourself. It is never too late to change your energy around and ditch the “why me?”attitude for the problem-solving, goal crushing success story you’re so capable of becoming. Next time you are faced with an extreme difficulty, one that seems impossible at first to overcome, stop for a second and think. Do this instead of responding with frustration or anger or resentment and do your best to try and remain unemotional. Analyze the situation from a perspective of taking the situation for what it is and try to fix the problem by exhausting every avenue possible and then some. There is nothing that can’t be overcome. It all starts with mindset and how you respond to difficult situations. Turning losses into wins can become a habit for you if you play your cards right!