Coco 's LA Condo Lifestyle Blog

Tony Robbins, the great motivational speaker has a fool proof method for getting his clients to take action; he calls it doing "A Dickens".  It's a wonderful exercise that asks you to look at your life now and to examine some action that you have been considering taking but have been putting off.  For instance, imagine that you have been thinking of investing in a REO property, but you hadn't gotten around to it.  Robbin's exercise would ask you to imagine that you have taken action and purchased a REO property; to imagine how wonderful and empowering that might feel. 

Next the exercise would ask you to think five years into the future; your REO has successfully been bringing added income to you for five years while growing in value, equity accruing and your FICO score rising.  How would that feel?  How different would your life be with this additional income and security?

Next the exercise would ask you to imagine your life in ten years. Were you able to make additional investments because of that initial REO purchase? How different would your financial picture be after ten years of increased income?  The exercise continues to ask these questions at fifteen and twenty years in the future. What would your life look like in 20 years if you made the investment now?  What would be financially possible in 20 years because you made a wise investment now?  How would that feel?  For most of us, the idea of being more financially free in twenty years is extremely motivating.

Then when you have a clear picture of what your life would look like in twenty years, The exercise asks you to go back to the present and imagine that you never do make an investment in REO properties, you think about it but never actually take the action.  Imagine your life 5 years from now, still with no added income, still no more financially secure, still talking about it.  Then imagine 10, 15 and 20 years later and you are still thinking about it.  Other people have strengthened their financial future but you have continued to think about it.  Ultimately, the exercise asks you to compare the two 20 year pictures and to choose which one you would like to be your future. Which future would you like to choose?