A woman named Ellen passed on a $600,000 Sydney property in 2006, waiting for a better price. It sold for $1.6 million. The speaker argues that imperfect action beats waiting, because standing still while the world moves forward is actually moving backward.
Nothing will change without your commitment and actions. And I think when I look at how we interact with the world and the actions that we take, often I talk to people about inaction. And I will talk to people in my— when I put my property investing investment hat on, and I talk to them about where have they been and what have they done. And I can think of Ellen in 2006 who was telling me $600,000 property price in Sydney was too steep and she'll wait for the market to come down. It's $1.6 million now and she's still waiting. In actual fact, making the wrong decision, it allows you to course correct if you take action. There's momentum. And what a lot of people don't even realize is if you stand still in fear and you stand still in not being able to move and take action, you're actually going backwards because the world is moving on. Hello.
