Skip To Content

Perserverance, Detachment, Self Contol

Real estate broker agent presenting and consult to customer to decision making sign insurance form agreement, home model, concerning mortgage loan offer for and house insurance.

Stoicism and Real Estate: How to Thrive During a Market Decline

If you’re a real estate agent, business person, or the provider for the family, chances are you’ve been feeling the effects of inflation and market declines.

Sales are down, prices are falling, and it seems like there’s no end in sight. But it’s during times like these that the Stoic philosophy can provide some much-needed guidance.

Stoicism is all about learning to deal with difficult situations in a calm and rational manner. And what could be more difficult than trying to sell products, services, and even homes when the prices are falling? While other essential prices are increasing, squeezing more and more out of everyone’s budgets.

By following the Stoic principles of detachment, perseverance, and self-control, you can weather the storm and come out on top. Here’s how:

Detachment

One of the most important Stoic principles is detachment. This doesn’t mean that you should stop caring about your work or your clients. Instead, it means that you should detach yourself from the outcome. Don’t get too attached to any one sale; just do your best and let go of the rest.

Steve Jobs demonstrated stoic philosophy in the development of all Apple Products. He never compromised his character, integrity, and quality to make a quicker buck. When asked when he will take over the personal computer marketplace, he responded, “we are not willing to produce crap.” What this means is he was focus 100% on the process of creating the very best computer product he and his company would be proud of.

Detach from all results and focus on the quality of service that you will be proud of doing. CONTRIBUTION.

Perseverance

Another key Stoic principle is perseverance. No matter how difficult the market gets, don’t give up. Keep working hard and doing your best, and eventually, things will turn around.

Remember, even during a market decline there are still people who need to buy or sell homes. So if you persevere, you’ll be able to find those clients and close some deals.

Investors dream of the time they can purchase things at a discount. When the time comes what strong salesperson will be there leading the charge?

What person will have the courage to guide people during uncertainty. Anyone can spout things are going up buy, buy, buy but, it takes a true expert in their field to guide clients on a journey filled with challenges.

The most memorable journeys of my life had at least three challenges along the way. Buyers and sellers may want the easy button but, they become forever clients when you can help guide them through challenging circumstances.

Self-Control

Finally, self-control is an important principle for real estate agents to practice during a market decline. When sales are slow and prices are falling, it’s easy to get discouraged and start making impulsive decisions. But if you can exercise self-control, you’ll be better able to weather the storm and come out on top when the market recovers.

The most consistent and committed will grow personally and professionally during shifts. They don’t waver in their conviction to themselves, team, family and clients.

A had a mentor tell me, someone always wants it more than you do.

That can mean

By following the Stoic principles of detachment, perseverance, and self-control, you can weather the storm and come out on top during a market decline. So don’t give up—keep working hard and doing your best, and eventually, things will turn around.

Nick McLean
Nick McLean Real Estate

Trackback from your site.

Leave a Reply

*
*