What you need to remind yourself of is that everything happens for a reason, and you are just as likely to find a BETTER land purchase moving forward as the one you passed up.

Too often we consumers react to the fear of the missed opportunity. For example, I need a new coffee table. I'm trying to put off buying one for as long as I can, but last week I saw one for a super low price that was perfect. I started negotiating with myself – how would I get it home, what other purchases could I defer to free up the funds, etc. Then I stopped myself and asked "What's the worst thing that will happen if I don't buy this now?"

I realized that there really wasn't a compelling reason to spend money at the time.

Sure, buying the perfect land deal is much bigger in scope, more personal and more painful to lose. But now your investments can keep growing while you hunt for a better opportunity.

If nothing else, you've at least tested your desire to buy land. Moving forward when looking at land you can be more comfortable that you really want to do this and at a price range you've predetermined.