4 reasons why having a strategic investment plan is key!

We often get asked this…

What’s the key to achieving my goals?

Normally, we get this question in an investment sense, but do you know what? The answer is one that really applies to EVERYTHING.

At the end of the day, working towards your goals comes down to one thing…

PLANNING.

Whether it’s to do with business, health and fitness, or a financial goal, ultimately, success stems from taking action.

It’s one of our favourite sayings here at Propell – action breeds action.

And that’s what creating plans are all about, locking your mind into achieving something – it doesn’t have to be perfect from the beginning, the most important thing is to get the ball rolling.

Of course, this applies perfectly to property investment too, creatic strategic and goal oriented plans drive change and growth, helping you to really get on that path to success.

Not sure why planning is so important? Well, we’ve got your back – here are our top 4 reasons why having an investment plan is KEY to helping achieve your goals!

1. Direction and Structure

It can be a pretty scary world out there, the uncertainty of the global markets and changes to government fiscal policy can make the investment scene quite stressful. Fortunately, that’s the beauty of planning – it lets you jump in with the peace of mind of having some sturdy structure and direction.

At the same time, this is where people find themselves unstuck, where we find ourselves without this notion of structure or direction. It really comes down to feeling like we have a stable safety net, guiding decisions and ensuring that we’re on track to smash our goals.

You wouldn’t want to jump out of a plane without the safety of a parachute, would you? We certainly would feel a whole lot more comfortable knowing we’ll land safely on the ground. It also means we get to enjoy the journey a LOT more. Our plans act as that parachute on our back, guiding us comfortably through a situation that can be risky without the right advice or understanding.

Let the structure and direction of your action guide you toward your goals!

2. Break it down!

When we look at our goals from a distance, they can look VERY daunting. Having a solid plan is such a great way to break things down into more manageable chunks.

One of the most important factors in achieving goals is ensuring that we’re not overwhelmed by them. If we’re overwhelmed, it can set in that sense of fear, and can be a major inhibitor to taking that ACTION that we know is so important.

For example, If it’s a savings goal, break it down week-by-week – the idea of $100 per week is a lot less scary than saying ‘I need to save $5000’.

Maybe it’s a weight loss goal. Often we say, ‘I need to lose 5kg’, but that’s a big scary number. 500g per week for 10 weeks, is a much more manageable and achievable plan, with the exact same target.

See how creating actionable targets can make your goals seem much more accessible? That’s exactly what a plan does – by breaking things up, our brains are much more likely to maintain motivation and hope.

3. Take positive action TOWARDS goals

Stemming off this idea of manageable chunks, a bit of strategy and planning goes a long way to ensuring we’re on the right track towards our target.

A clear plan will help you spell out what direction you should be heading, like Google Maps for your goals, giving you a clear view of what’s ahead, and how you can get there. On the other hand, going into your journey without a plan can be like pulling out the Brisway, leaving it on your lap in traffic, and guessing every turn.

We know which one we’d prefer.

4. Measure and track progress.

For those of us who love numbers, plans are always really great ways of providing tangible evidence that we’re heading where we need to go.

It’s another really great way to keep things in perspective too, having targets to hit can give us the comfort of knowing that we’re on our way to achieving our financial goal – whatever that may be!

At the end of the day, having a perfect plan is awesome, but don’t worry if it’s not thought out in every little aspect, as making a start is the key. As we love to say , action breeds action – and if you take that step to make change, it makes it SO much easier to move forward and continue to make positive steps. Watch out though, because conversely, it can happen the other way! Inaction promotes inaction, making us feel like we’re stuck in a never-ending limbo.

So, take that action to make a change, whether it’s a plan to get up earlier and enjoy the sunrise, or cut back on something, starting off your plan by taking action will be your best friend.

Are you wanting to kickstart your property investment journey, but not quite sure where to start? Give us a call – we’d love to chat and help you get a plan up and running!