Excuses, excuses, excuses.
Everyone has them. It just depends on what you are trying to avoid.
Some excuses are well justified (like trying to get out of doing the washing up for example).
Others actually hurt you and your family in the long term.
When things get too hard, we blame external factors and make excuses, rather than working through the problem and finding another way.
We make excuses because no one wants to be seen as a “failure”.
What does a beer, a unicycle and property investing have to do with each other?
And so the story begins.
10 years ago I had an idea (probably at the pub, but I can’t exactly remember).
It seemed like a perfectly logical idea at the time for a 40 year old.
“I’m going to buy a unicycle”, I announced to my family.
Shortly after there it was. A brand new unicycle with a pristine white wheel and shiny black forks parked proudly in the garage. My goal was achieved.
And there it sat. Occasionally shifting from one side of the garage to the other to make way for my wife’s car and later for a 1912 Ford Model T (“Chitty”). Kind of like shifting deck chairs on the Titanic in hindsight really.
I always intended to learn to ride.
At this point, can anyone actually relate? … Anyway.
Years went by. The cars changed, the garage accumulated more stuff.
Then along came something called “lockdown”.
Fortunately for me, I live within 5km of Bondi Beach and so part of the lockdown laws said I could exercise within 5km of my home.
If I was going to learn to ride the unicycle, I needed something to work towards. A goal, if you will.
It was announced pubs were going to be closed for a few months here in Sydney, so I thought, “why not learn to ride the unicycle well enough so that when we all come out of lockdown, I’m good enough to drink a beer whilst riding?”
You see, I rarely set myself challenges these days, but when I do, I like to supersize them and make them twice as hard!
Can anyone still relate? Yeah, probably not.
Property investing can be challenging at times. Over decades of investing, I’ve certainly experienced ups and downs and at times, it has appeared as though there was no way forward.
But like I tell my kids all the time, “where there’s a will, there’s a way”.
So finally, I had the perfect timing and excuse. I must admit though, I did wonder if this was going to be possible.
- Could I learn to ride a unicycle well enough to drink a beer while riding before lockdown ended?
- Would I spill the beer and embarrass myself if I tried?
- What if I wasn’t coordinated enough to learn at all?
Is there something on your list that you’ve been making excuses about? Maybe you’ve been “too busy”, or maybe you’re scared of failing (like I was).
What’s the worst thing that could happen if you tried? What’s the best outcome that could happen if you succeeded?