Mindset Series: Why Grit Will Determine your Investing Outcomes

Scouting Australia Podcast

Sammy Gordon and Jimmy Ibrahim are back in the studio this week with a new instalment of the Mindset Series, diving into why grit is crucial for investing success.
Grit plays a key role throughout your investing journey, particularly at the beginning when you're faced with challenging situations. It helps you build the resilience needed to handle these challenges and can be applied to every aspect of life. Developing grit is a process, and once you approach investing with a clear and open mindset, you'll be better equipped to tackle obstacles and advance. If you’re looking to cultivate a solution-focused mindset, this episode is a must-listen!
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Any information, comments, opinions or content that we provide in this podcast is our general observations and information only and it is not to be taken as, or in any way, considered to be financial advice, accounting advice, superannuation advice or legal advice. We strongly recommend all and any listener and participant to obtain their own independent financial advice, accounting advice, superannuation advice and legal advice before acting in any way in relation to any investment at all including any investment in property such as what we might be discussing in this podcast. No warranty, guarantee or representation is to be taken and you cannot reproduce it in any way. Every persons financial or investment situation is different and you must consider your own circumstances before undertaking any investment and be sure to obtain independent advice.
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Chapters:

(00:00) Welcome

(02:50) Consistency and importance of mindset

(06:22) Why grit?

(10:47) If you want to build something significant, grit is a non-negotiable

(14:34) Strength of character is earned

(19:37) Sam's close call on a deal

(23:38) Grit is transferrable skill

(27:20) Delayed gratification: I gave it my best

(32:27) The fire inside you is your superpower

(36:04) Not taking no for an answer

(37:59) $1 million lost + zero regrets