Stop Looking for Reasons Why It Won’t Work
The Amplified Impact Podcast
April 30th, 2023
Let’s talk about how to build a successful business and invest in real estate.
I used to think tactics were the key to success…but boy was I wrong. Turns out, the right mindset is essential to executing any strategy, whether it’s building a business, investing in real estate, or personal development.
Without the right mindset, those tactics and strategies won’t get you far.
Don’t believe me? I got started in real estate with a low credit score of 600 and an FHA loan. The loan product I got was designed for people like me, with low credit scores, and first-time homebuyers.
With an FHA loan, I only had to bring around $7,500 to closing, which is not a big hurdle for most people to hit with a year or two of dedicated effort. So don’t let excuses hold you back.
Focus on your mindset and the rest will fall into place.
TWEETABLE QUOTE:
“The people who tend to find success in life are the ones who stop looking for reasons why it won’t work and they start looking for reasons why it will work.” – Anthony Vicino
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Episode Transcript:
Anthony Vicino [00:00:00]:
Hey guys. I love, love, love that you’re listening to the podcast. I truly hope it’s bringing you just a ton of value. But if you ever wanted to check out the video version of these podcasts, then you should head over to YouTube. You know, they’re gonna have more effects, more visual stuff like that. And that that can help the message sometimes just hit a little bit different and, you know, reinforce the the lesson in a better way. So you can check that out. It’s completely free.
Anthony Vicino [00:00:21]:
Go over to YouTube. Search for Anthony Vasino. It’ll pop up. And if that’s not what you’re into, then cool. Just enjoy the show and let’s get to it. Hey, what’s up everybody? Welcome back to the podcast as always. Super excited to have you here. I want to talk about something that came up in a recent comment on one of my videos.
Anthony Vicino [00:00:39]:
And it’s not an isolated type of comment. It’s something that I hear a lot over and over and over and legitimately. Every time I hear this complaint, it’s like nails on a chalkboard. It just drives me crazy. And it’s so frustrating because a lot of the content that I create is focused around mindset, but also tactical, strategic ideas about how you can build a business, build wealth, invest in real estate, develop yourself personally, all these things, right? So I try to take this blend of both tactical, strategic because I know that’s what people a lot of times are looking for. They want to know the exact strategy and what’s the steps just tell me the steps to follow. But a lot of my content then focuses on the mindset because something I didn’t realize at the beginning of my journey is something I didn’t give enough credence to, was how important the mindset really is in being able to execute any of those tactics or strategies. And I understand the frustration that a lot of people have when they’re at the beginning of the journey and they hear people like myself or other gurus talking about the mindset and the beliefs and all that stuff and they’re like, yeah, I get it.
Anthony Vicino [00:01:56]:
I find whatever I believe in myself. But I don’t have these other the tactics or strategies. I just don’t know what to do. I have the beliefs, I have the mindset. That’s not the problem. And over and over and over, what I see is no, actually the mindset, those beliefs, that identity that you have, that is the problem. You just don’t even realize it. And the fact that you don’t realize it is a big part of the problem.
Anthony Vicino [00:02:18]:
And so I spent a lot of time on this type of content because I know how important it is. I realize from my vantage point that it is the most important thing. I’m not saying it’s always going to be like at a certain point, maybe the mindset isn’t, but where I’m at and where I’m looking at where I was, I can definitively say that it was less about the tactics and the strategies, and it was more about the mindset going into how I executed those tactics and strategies. And if you don’t have that part figured out first, then the other stuff. Everything else. Everything else that I tell you, like the YouTube playbook that we just did in the newsletter where we laid out exactly how we went from zero to 120,000 subscribers in six months. The million dollar personal brand. How we laid out exactly the steps that we’re following to build a million dollar brand.
Anthony Vicino [00:03:04]:
And I know it works because we’re pretty much there. Those tactics that so many people are eager for. They love that stuff. It won’t matter. It does not matter if the beliefs and the identity that you have for yourself are not first in place if they’re not solid, if you’re not building on a solid foundation. And the reason this is, like so top of mind is that comment that the person left was in relation to real estate, in particular, how I got started. So for those that are not familiar, my first real estate property that I actively managed was a triplex that I went and I bought with an FHA loan. This was during a time when I had low credit.
Anthony Vicino [00:03:45]:
I think it was like around 600. But the loan product that I got was designed for people just like me with low credit, first time home buyers. And so it’s more lenient in terms of the prerequisites that you have to meet from an income and from a net worth requirement, all those things. One of the beautiful things about this loan product is that you also don’t need to bring in as big of a down payment as you would if you’re using a commercial loan product like that’s. Usually 20%. But with an FHA, I only had to bring three and a half. So on a $246,500 triplex, I only had to bring around $7,500 to closing, which is not a big hurdle for most people to hit. I’m not saying that’s not a lot of money.
Anthony Vicino [00:04:25]:
I’m just saying a lot of us can hit that with a year or two of dedicated effort. And the comment that the guy came back with his first one was, you know, this is all great, but it won’t work for me because I have terrible credit. So I shared him. Okay, well, I didn’t have great credit either. So here’s exactly the product that I used and why it’s not an issue. And then he came back and he says well, he said something really weird. He said, I’m not a carpenter. I think what he meant was, like, I’m not good with my hands, and this won’t work for me because I don’t want to live in the and do the fix and flip or whatever.
Anthony Vicino [00:04:58]:
And I was like, I’m not good with that either. If you guys have heard me, the thing I like to say is that I can swing a hammer, but I can’t hit the nail. Like, I’m not good with my hands either. But that’s not going to limit you, because if you have the ability to pick up a phone or do a Google search, you can find somebody who is good with their hands to come do the work for you. And so the thing that triggered me, and truthfully, it upsets me when I see this because it’s so prevalent, and people just don’t understand that this is the thing that’s holding them back, is he said, you know what? I’ve read 20 books on real estate, and I just don’t know what to do. I haven’t found a good idea yet. I just don’t know what to do. And I was like, you have the ideas.
Anthony Vicino [00:05:35]:
The ideas don’t matter, right? The million dollar idea is worthless without a million dollar execution. The problem in this equation isn’t that you don’t have the idea. You’ve read 20 books, you have plenty of ideas. If you’re on my channel looking at my videos, you have plenty of ideas. It’s that you’re not executing the ideas right. Without the execution, the idea is irrelevant. And most people just they struggle to see that. They’re waiting for this million dollar idea, this eureka moment where everything just aligns perfectly.
Anthony Vicino [00:06:03]:
And then they’re like, I can take action once I have everything figured out and the plan is perfect and I’m guaranteed success. That’s what people want. They don’t want to set off on a path where they don’t have guaranteed success. And the truth is, in life, there is no path like that, right? There’s just paths that feel like higher certainty or higher probability, or at least you don’t understand the full risk associated with it. That’s why so many people go the W Two route, is because they think it’s the safer route that guarantees them a paycheck and security and health insurance and all these things. But then as soon as that company gets into financial troubles because recession and they get laid off, now they don’t have any of that security. That guaranteed success goes out the window, right? Or maybe they are successful in that position for the next 40 years, and then they get to the end of the road. They realize they haven’t been saving enough, that what they have in retirement isn’t going to fund their life into perpetuity.
Anthony Vicino [00:06:53]:
And so they realize, oh, this had a much different risk profile than I thought. I thought I was on this path of guaranteed success, but in reality, it was just guaranteed to be high risk because what I was doing was never going to get me to where I wanted to be. And so the thing I want to share with you guys today that I’ve been thinking about on this is that the people who tend to find success in life are the ones who stop looking for reasons why it won’t work and they start looking for reasons why it will work. Because for any path, any direction that you choose to take in life, there are 100 reasons why it shouldn’t work. And they might be very good reasons, right? Like, to start a business, you got to be a little bit crazy because most businesses, businesses fail, right? So just right there, the reality of the situation is that most businesses fail. So if that’s what you glom onto, then you will never start, right? But for every path, there are also 100 reasons why you should take that path. And if you focus on those hundred reasons why you should rather than why you shouldn’t, then you are going to more likely achieve success in life. Or at least that’s been my experience in both my personal life, but then also in seeing other successful people and what works for them.
Anthony Vicino [00:08:08]:
And one of the things is that they have a bias for looking for reasons why it will work or how it will work. So instead of saying like, these are all the reasons why it would never work for me, you start looking for reasons to justify and say why it will. And then you glom onto those. And you don’t necessarily ignore the reasons why it won’t work because those are risk factors that can help guide your efforts. It sends you in a particular direction. But the people who fixate on the reasons why it won’t work, they inevitably prove themselves, right, because they never set off on the path. Or if they do set off in the path, they do it in a half hearted way that almost guarantees they’re not going to put in the effort over a long enough period that’s required to eventually stumble onto success. So I wanted to share that with you guys.
Anthony Vicino [00:08:55]:
I hope if you’re in a place right now where you’re considering some different directions in life that you want to go or some big projects, and you find yourself hesitant and fearful and starting to look for reasons why you shouldn’t do it or why it won’t work. I encourage you. Flip the script, look at the other side of that coin, and then start asking yourselves what are all the reasons why I should do this? What are all the reasons why this could work? Fixate on that, right? Because that which you seek is seeking you, as the poet Rumi said. So if you are seeking reasons why it won’t work, then it will not work. If you are seeking reasons why it will work, those reasons will find you and ultimately you’re going to be that much better off in your pursuit of success. So hope this brought you guys a little bit of value. I appreciate you as always. I can’t wait to see you in the next episode.
Anthony Vicino [00:09:42]:
But until then, stay hyper focused, my friend. What’s going on, everybody? I just wanted to let you know real quick that the hyper focus masterclass is officially live. We put a ton of time and energy into this project, and based on all the positive feedback so far that we’ve received from students, it’s pretty awesome. Seriously, we’re really psyched on how it all turned out. If you’re interested in learning all the habits, rituals, routines, systems, processes, frameworks, and more that helped me turn my ADHD into a superpower to get out of massive debt and build a $70 million real estate portfolio over the past ten years, then you’re definitely going to want to head over to beyondthapex.com hyperfocus and check it out. All right, let’s get to the show.
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