Today I needed to come up with a hot tip. So I pondered whether to make it about mindset, business, property, wealth… All my fun subjects.

And then it came to me, why not combine them all?

We live in times of uncertainty. Right now in Australia property values in some areas are declining. This can get scary to those that are currently in the market.

To me, Warren Buffet sums up the situation we find ourselves in right now – Bea fearful when others are greedy and be greedy when others are fearful. So if we look at it that way, this is in no way a piece of financial or investment advice, we find that we live in the time of great opportunities.

So whilst we may have an overwhelming temptation to follow the heard, and sell our assets off right now before it plummets, let’s stop and think for a minute, we know better.

Yes it feels counter intuitive not to follow the heard. It can be damn right scary! It is OK to feel that way. After all we don’t want to feel the pain of the fear of what may happen. Keeping away from pain we are very good at. After all it is our survival instinct! It is less helpful when it comes to investing.

So before you sell of your whole property portfolio, let’s enter the gap. What is the gap? It is the time you give yourself between the impulse of acting on something and actually acting on it.


The impulse comes based on our fear, by acknowledging the fear and recognising the way we want to act we can stop us from rushing into an emotional decision that may not help us in the long run. When we fine tune our self-awareness to these actions/impulses we can then take a break between our urge and our action. And we can use that gap to analyse our situation objectively.

At times like this it is very important to know why exactly we got into our investments in the first place.

Our WHY is the driver behind our decisions.


When I say figure out your why, I don’t mean separately for each investment, but as your portfolio as a whole. What was it that your portfolio was to provide? Why is money important to you?

To me it is time freedom and financial freedom so I can spend more time with my family and serving the community. That is my big why.

Your why needs to be very strong in all your endeavours. This is your driver. If this is not strong enough your actions will not be strong enough either.

Once you figured out your why, you can move onto the next question. ‘What do I want?’

Our WHAT can be quite complex!


It is easy to say I want $5,000 per month, but what will that cover? If that enough for the lifestyle you want? So you need to dig down into this area, be specific too, and make sure you cover the increase to your expenses each year as the cost of living rises.

Once you figured out what you need the money to cover write down the magic figure you need to make it happen.

Once you figured out your WHY and your WHAT, the HOW will come to you.

In saying that your ‘HOW’ will need to match your values and goals. As you go through your discovery and view your investment in a new light you may find that your strategy has been out of whack with what you are about.

Make sure you have your facts and figures ready when you are reviewing your how.

Buffet Rule

If there is a disconnect between your goals and values you may need to update your investments, if there isn’t then you can leave the market to do its thing.

So turn the noise off and walk through these questions, preferably with someone that is on a similar journey to yours so you can bounce thoughts off each other. No use to do it with nay sayers as they will confirm your worse fears.

Do you want to find your WHY? Join our Powerful Goal Setting Masterclass to learn how.

Disclaimer – this article is NOT intended to constitute personal financial advice or taxation advice. It simply describes what has worked for the author. It is not intended to influence you to make a decision in relation to a particular financial product. Each reader should obtain their own financial, tax and legal advice to determine whether the information contained in this article is appropriate to their particular financial situation, financial objectives and needs.