Real Estate Investing is just like this blog by Dan Miller about finding multiple solutions to problems.
1. Can you find the solution here… by Dan Miller of 48 Days at http://48daysblog.wordpress.com/
Many years ago in an Indian village, a farmer had the misfortune of owing a large sum of money to the village moneylender. The old and ugly moneylender fancied the farmer’s beautiful daughter, so he proposed a bargain. He would forgive the farmer’s debt if he could marry his daughter. Both the farmer and his daughter were horrified by the proposal, but the cunning moneylender suggested that they let providence decide the matter. He told them that he would put a black pebble and a white pebble into an empty money bag. The girl would have to reach in and pick one pebble from the bag. If she picked the black pebble, she would become his wife and her father’s debt would be forgiven. If she picked the white pebble, she need not marry him and her father’s debt would still be forgiven. If she refused to pick a pebble, her father would be thrown into jail until the debt was paid.
They were standing on a pebble-strewn path in the farmer’s field. As they talked, the moneylender bent over to pick up two pebbles. The sharp-eyed girl noticed that he had picked up two black pebbles and put them into the bag. He then asked the girl to pick a pebble. Now, imagine that you were the girl standing in the field. What would you have done? If you had to advise her, what would you have told her?
Careful analysis would produce three possibilities: (1) The girl could refuse to take a pebble—but her father would then be thrown in jail. (2) The girl could pick a black pebble and sacrifice herself in order to save her father from debt and imprisonment. Or (3) The girl could pull out both black pebbles in the bag, expose the moneylender as a cheat, and likely incite his immediate revenge.
Take a moment to think through this story. I’ve used it with the hope that it will help you see alternate solutions beyond the obvious ones. The girl’s dilemma cannot be solved with traditional logical thinking.
You may be in a similar situation. You may be in a job you hate—but the pay is great. You think you have two choices: (1) You can stay in a job you hate. (2) You can leave the job but will then give up the great pay. Are these really all the options? Or you may not have a job right now. So you think either you must “find a job” or continue with no income? Could there maybe be other options?
Here is what the girl did. She put her hand into the money bag and drew out a pebble. Without looking at it, she fumbled and let it fall onto the pebble strewn path, where it immediately became lost among all the other pebbles. “Oh, how clumsy of me,” she said. “But never mind, if you look into the bag for the one that is left, you will be able to tell which pebble I picked.” Since the remaining pebble was black, it would have to be assumed that she had picked the white one. And since the moneylender dared not admit his dishonesty, the girl would have changed what seemed an impossible situation into an extremely advantageous one.
Now, how could you see more creative solutions for your situation? A couple of years ago I coached a very successful media executive who came to me with a dilemma. Because he was so respected, he had been given increasing responsibilities over the years. His current position had squeezed out all his family and community commitments. He was working seventy to eighty hours a week, but he had also become used to the $180,000 in annual pay. He was considering whether to just accept his lot in life or to quit his job, give up his salary, and seek a more balanced life.
I proposed another choice. Since he was valued, why not approach his superiors with a new solution? Delegate much of his workload to allow him to contribute in his strongest areas of competence. They readily agreed. He was able to go back to a forty-hour workweek with no decrease in compensation. He began playing the cello professionally again, volunteering in his son’s school, playing in occasional golf tournaments, and managing his church bookstore. Simply by asking for a less than obvious solution, he was able to move into a new season of true success.
Moral of the story: Most complex problems have multiple solutions, if only we attempt to think beyond the obvious choices. Practice coming up with 4 or 5 possibilities for any situation you’re facing and you will begin experiencing success that few people discover.
This story and others are found in No More Mondays – with lots of new solutions to work issues. Use this coupon – NMMSPECIAL — for a $10.00 discount right now – we’ll send you the hardback book and also give you an immediate electronic copy. ($13 total)
By the way do you need a thinker working with you on your real estate problems if so call me at 512-689-6742.