{"id":10016,"date":"2016-12-06T01:00:48","date_gmt":"2016-12-05T14:00:48","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=10016"},"modified":"2016-12-06T01:00:48","modified_gmt":"2016-12-05T14:00:48","slug":"what-holds-people-back-michael-yardney","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/what-holds-people-back-michael-yardney\/","title":{"rendered":"What holds people back? – Michael Yardney"},"content":{"rendered":"

 
\nOver the years I have seen many people think about getting rich, proclaiming affirmations, visualizing, meditating and going to conferences yet they don\u2019t get rich.
\nThat\u2019s because there is one thing they don\u2019t do.\u00a0Michael Yardney<\/strong><\/a> tells us what it is.
\n <\/p>\n

Transcript:<\/strong><\/h4>\n

Kevin:<\/b>\u00a0 A couple of weeks ago I had a really interesting conservation with Michael Yardney, where we actually talked about are great people property investors born? One of the things that you highlighted for us, Michael, was that great people actually take action.
\nI\u2019m interested to know from you what actually stops people from talking action? What holds them back?
\nMichael:<\/b>\u00a0 Kevin, sometimes they think it\u2019s lack of knowledge, sometimes clearly you haven\u2019t got enough money or finances, but in general, what it is is fear. They worry about things, Kevin, and that\u2019s what stops them taking action. That\u2019s the big difference between successful people, investors, or in any other sphere, and an average person.
\nKevin:<\/b>\u00a0 Are there a number of fears, Michael? I know the fear of success is one that you and I have talked about in the past. Are there others?
\nMichael:<\/b>\u00a0 Yes. Look, I think the big one is fear of failure, but different people treat fears differently. I read once that Tiger Woods keeps training, uses a coach continuously, plays his game at the intensity he does because of fear also, but his fear is of not being the best, that somebody else could actually catch up \u2013 and in fact, I think they have, haven\u2019t they over time?
\nKevin:<\/b>\u00a0 They have.
\nMichael:<\/b>\u00a0 That\u2019s what drove him for a long time. So fear can drive you positively or it can drive you negatively.
\nOne of them is failure, but in fact, as we said when we had that session a couple weeks ago, successful people expect it, \u00a0know it\u2019s going to happen, and on that basis, it doesn\u2019t scare them because they know it\u2019s what has to happen along the way to learning the right way to do things, Kevin.
\nKevin:<\/b>\u00a0 Quite often I\u2019ve seen people where one of the irrational fears, I think, is the fear of being ridiculed. \u201cI won\u2019t give my opinion here because people will think that I\u2019m silly,\u201d or \u201cI won\u2019t do this because people will think I\u2019m ridiculous.\u201d
\nMichael:<\/b>\u00a0 Yes. Exactly right. There\u2019s no doubt that people are concerned about what their friends, what their mates, what their spouse will say. The problem is you can\u2019t control it, and you shouldn\u2019t let other people stop you achieving your dreams because in this lucky country we live in, we all have the ability to become financially independent and use property as a vehicle to do that.
\nIt\u2019s sad that people let that happen to them. No one has ever died from embarrassment, Kevin, so tune out from the critics and focus on what you want to accomplish.
\nKevin:<\/b>\u00a0 You mentioned earlier the fear of failure. On the flipside of that, people are also afraid of success, aren\u2019t they, for what people will think of them and say about them, Michael?
\nMichael:<\/b>\u00a0 Very much, Kevin. In my study of the wealthy people \u2013 and I\u2019ve mentored over 2000 people in the last ten years \u2013 surprisingly, this fear of success can almost be as paralyzing as the fear of failure. It often follows on: once you\u2019ve conquered that fear of failure, now, ironically, they worry that they could be successful and what will other people say?
\nIn general, it comes from a feeling of being uncomfortable. It comes from a fear of not being worthy. It comes from the things that they learn when they\u2019re a child about not being greedy and about rich people are ugly, greedy, slum landlords.
\nI don\u2019t believe it\u2019s a fear that should be founded. We should feel value in ourselves and understand that if you\u2019re successful, you\u2019re not actually going to stop other people being successful. If you\u2019re successful in an honest way, what you\u2019re going to do is provide good accommodation as a property investor, to give good housing to other people. In the process, you\u2019re going to make some money, you\u2019re going to get some financial independence, and it\u2019s not going to stop anyone else in Australia doing that, Kevin.
\nKevin:<\/b>\u00a0 It\u2019s interesting that, the fear of not being worthy. I\u2019ve been to a number of your conferences, and that\u2019s one of the telling things, I think, when people start to talk about this. It is a fear that most people have, isn\u2019t it? It seems to be born in us.
\nMichael:<\/b>\u00a0 It is, Kevin. A lot of people sabotage themselves in the process of that. They don\u2019t feel that they\u2019re worthy of it. \u201cI\u2019m not one of them. I\u2019m not those rich people over there.\u201d And so it actually stops them taking the steps, it stops them taking risks because they feel that they don\u2019t deserve it.
\nKevin:<\/b>\u00a0 It\u2019s interesting, Michael \u2013 and you touched on it there \u2013 I want to stay on this fear of not being worthy just for a moment because I think it\u2019s a key point. One of the ways to overcome that, it would seem to me, is that if you give back to a community, in other words, you invest in your own worthiness.
\nMichael:<\/b>\u00a0 Kevin, that\u2019s a great point because I must admit when I first started investing, I chased money for all the wrong reasons and sabotaged the first half of my life. In fact, it does go back to that, when I\u2019m being honest; I didn\u2019t feel I was worthy because some of the things that my parents \u2013 my father in particular \u2013 said to me when I was young. Therefore, I tried to prove him wrong but if you do that without feeling worthy, when you get the money, you don\u2019t really know the right things to do with it, either.
\nWhen I found a more important valuable cause for becoming wealthy, for giving to my family, for giving back to the community, for giving back to charity, that made it my obligation to become rich because I had a really good purpose for it and I had to follow through.
\nKevin:<\/b>\u00a0 It is like investing in your own worthiness. Michael, obviously, the fear of debt is one thing, but I\u2019m interested to know from you is it necessary to get rid of all of your fears to succeed?
\nMichael:<\/b>\u00a0 No, it\u2019s not necessary to get rid of all of your fears to succeed. Rich and successful people also have fears, Kevin. They have doubts, they have worries, but they don\u2019t let them get in the way. They don\u2019t let them stop themselves.
\nBasically, the big difference is unsuccessful people have fears, doubts, and worries but they let those feelings stop them while the successful investors, businesspeople, entrepreneurs keep going.
\nSee, the thing is that it\u2019s normal for your brain to bring up fears. It\u2019s your brain protecting you. It\u2019s doing its job. It\u2019s keeping you in your comfort zone. I guess it\u2019s what protected us when we were cavemen living in the caves there and things could maybe attack you, so it keeps you in your warm, fuzzy, comfort zone.
\nWhat I\u2019ve realized over the years, though, is you actually have to learn to be comfortable with being uncomfortable. If you stick and persevere with what you\u2019ve always done in your comfort zone, you\u2019re never going to get to the next level. So what this means is you have to feel comfortable feeling uncomfortable instead of retreating back into your cave, Kevin.
\nKevin:<\/b>\u00a0 Well said.
\nMichael:<\/b>\u00a0 Pat yourself on your back and say, \u201cHey, that\u2019s great. I\u2019m moving forward. I\u2019m going ahead. I now have got these little funny knots in my tummy but that means I\u2019m actually extending my comfort zone.\u201d
\nKevin:<\/b>\u00a0 Yes, I love that saying \u2013 and we\u2019ll leave you with this thought \u2013 become comfortable with being uncomfortable.
\nMichael Yardney, thank you so much for your time.
\nMichael: <\/b>\u00a0My pleasure, Kevin.<\/p>\n","protected":false},"excerpt":{"rendered":"

  Over the years I have seen many people think about getting rich, proclaiming affirmations, visualizing, meditating and going to conferences yet they don\u2019t get rich. That\u2019s because there is one thing they don\u2019t do.\u00a0Michael Yardney tells us what it is.   Transcript: Kevin:\u00a0 A…<\/p>\n","protected":false},"author":176692471,"featured_media":9122,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[34,10,11,13,36,25],"tags":[101],"class_list":["post-10016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-topic","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-investment-topic","category-sponsored-channels","tag-podcast"],"yoast_head":"\nWhat holds people back? - Michael Yardney - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/what-holds-people-back-michael-yardney\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What holds people back? - Michael Yardney - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"  Over the years I have seen many people think about getting rich, proclaiming affirmations, visualizing, meditating and going to conferences yet they don\u2019t get rich. 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