S T A R T
My good friend, Peter Sage,suffered from a major financialsetback
a few years ago. Hedecided to walk away from a big investment deal
due to ethical reasons, and the decision had a significant impact on this networth. He was a very successful entrepreneur, yet he found himself basically starting again from scratch.
At the time, Peter was living in the UK and he made a decision to
move to Vancouver to begin a new chapter of his life. While he was
hoping to move to Vancouver in about two or three months, he sat on
the beach in Sydney and asked himself, “If I could wave a magic wand
and sprinkle some fairy dust on my business to get back on my feet,
what would I need to do?”
Again, this goes back to knowing exactly what you want — gaining
clarity in your vision. He wanted to buy his dream penthouse in
Vancouver. It was a HUGE goal, especially for where he was at the time
financially.
Peter jumped on the Internet at night just to look for new pictures.
He believes in having pictures of what you want on a “goal map”
to remind him on a daily basis to get in touch with his inspiration.It
motivates him. It helps him to focus.
Through the search engines he found the most gorgeous apartment
he had ever seen. He said,“WOW. That’s it!” It was one of those love-at-
first-sight feelings. No questions. No further discussions.This was the
one! It was amazing.
It was exactly the place he had dreamed of living. It wastheprice
he’d written down. It was THE ONE.
There was just one problem. It cost four million dollars.It was way
out of his league, especially since he’d just lost a lot of money from the
investment deal.
But he had a dream, and he was committed. He thought to himself,
“Maybe if I string the seller and realtor along for six months, get a lawyer
to put in an offer, I’ll get close.”
The penthouse was his focus! He became obsessed. No ifs, no
maybes, no let me think about it. It was about midnight in the UK and it
was 4PM Canadian time when he rang the number for the real estate
agent.
“Hi, this is Peter Sage. I was searching the Internet and I stumbled
across your listing. I’m sort of interested in this apartment.” (He was
trying to sound casual)
The agent replied, “You called at the perfect time. A sale just fell
through two days ago.”
Peter believed it was meant to be. The apartment had his name
on it. He just had to have it. It turned out he was in a contract race with
quite a few interested buyers and he needed to put down a 10% deposit in 24 hours. Again, WAY off his league.
Plus, because he wasn’t a Canadian resident, he was required to get
a non-status mortgage, which meant he had to come up another 25%
down on top of the 10% in a few months. If he didn’t, under Canadian
law, he’d lose the 10%. It was a non refundable deposit!
So it was a total of35% deposit, with $400,000 to lose if he didn’t
cough up another $1,000,000 in a few months!
You want to talk about commitment? THAT’S commitment. He
made a decision to buy his dream apartment when he had no idea how
the heck he was going to come up with the money.
Later, Peter told me he made the jump based on ONE simple
principle of goal setting:
Where’s the room for inspiration, creativity,
and growth? NONE!
Within 24 hours, Peter managed to
refinance his house; he maxed out ALL his
credit cards; he borrowed some money here,
there, and every where; and he wired across
the10% and signed then on refundable
deposit.
Now he had a much bigger mountain to
climb. He had to come up with a million dollars
within a period of weeks. Otherwise, he’d lose
everything. How crazy was that?
MONEYISM #35
If you set a goal
NOW and you
see a path of how
you’re gonna
achieve it, by
definition, the
goal is too small.
My good friend, Peter Sage,suffered from a major financialsetback
a few years ago. Hedecided to walk away from a big investment deal
due to ethical reasons, and the decision had a significant impact on this networth. He was a very successful entrepreneur, yet he found himself basically starting again from scratch.
At the time, Peter was living in the UK and he made a decision to
move to Vancouver to begin a new chapter of his life. While he was
hoping to move to Vancouver in about two or three months, he sat on
the beach in Sydney and asked himself, “If I could wave a magic wand
and sprinkle some fairy dust on my business to get back on my feet,
what would I need to do?”
Again, this goes back to knowing exactly what you want — gaining
clarity in your vision. He wanted to buy his dream penthouse in
Vancouver. It was a HUGE goal, especially for where he was at the time
financially.
Peter jumped on the Internet at night just to look for new pictures.
He believes in having pictures of what you want on a “goal map”
to remind him on a daily basis to get in touch with his inspiration.It
motivates him. It helps him to focus.
Through the search engines he found the most gorgeous apartment
he had ever seen. He said,“WOW. That’s it!” It was one of those love-at-
first-sight feelings. No questions. No further discussions.This was the
one! It was amazing.
It was exactly the place he had dreamed of living. It wastheprice
he’d written down. It was THE ONE.
There was just one problem. It cost four million dollars.It was way
out of his league, especially since he’d just lost a lot of money from the
investment deal.
But he had a dream, and he was committed. He thought to himself,
“Maybe if I string the seller and realtor along for six months, get a lawyer
to put in an offer, I’ll get close.”
The penthouse was his focus! He became obsessed. No ifs, no
maybes, no let me think about it. It was about midnight in the UK and it
was 4PM Canadian time when he rang the number for the real estate
agent.
“Hi, this is Peter Sage. I was searching the Internet and I stumbled
across your listing. I’m sort of interested in this apartment.” (He was
trying to sound casual)
The agent replied, “You called at the perfect time. A sale just fell
through two days ago.”
Peter believed it was meant to be. The apartment had his name
on it. He just had to have it. It turned out he was in a contract race with
quite a few interested buyers and he needed to put down a 10% deposit in 24 hours. Again, WAY off his league.
Plus, because he wasn’t a Canadian resident, he was required to get
a non-status mortgage, which meant he had to come up another 25%
down on top of the 10% in a few months. If he didn’t, under Canadian
law, he’d lose the 10%. It was a non refundable deposit!
So it was a total of35% deposit, with $400,000 to lose if he didn’t
cough up another $1,000,000 in a few months!
You want to talk about commitment? THAT’S commitment. He
made a decision to buy his dream apartment when he had no idea how
the heck he was going to come up with the money.
Later, Peter told me he made the jump based on ONE simple
principle of goal setting:
Where’s the room for inspiration, creativity,
and growth? NONE!
Within 24 hours, Peter managed to
refinance his house; he maxed out ALL his
credit cards; he borrowed some money here,
there, and every where; and he wired across
the10% and signed then on refundable
deposit.
Now he had a much bigger mountain to
climb. He had to come up with a million dollars
within a period of weeks. Otherwise, he’d lose
everything. How crazy was that?
MONEYISM #35
If you set a goal
NOW and you
see a path of how
you’re gonna
achieve it, by
definition, the
goal is too small.
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