Simple Steps to Investing
1. Start Saving
First you need money to invest with. All that cash you collect or spend on unnecessary items should be channeled into a new purpose - savings! Put all your excess cash into a savings account until you are ready to seriously invest in your future. You will be amazed how much money you spend on unnecessary items!
2. Identify what you want to invest in
Make sure you start learning about your chosen investment stream by reading and talking to people who know what they are talking about. Decide what area of real estate you really like, be it residential, commercial or industrial and learn everything you can about it.
3. Research the Product
Keep reading and talking to successful people; having a chat with the bloke next door about his latest property purchase does not make him an expert or qualify him to give you advice on how to spend your hard earned dollars.
4. Monitor
Just keep your eye on the real estate market for a while and see what it does. Meantime, keep building that nest egg.
5. Decide if you want Long-term or Short-term investments
Make sure you are in the property investment game for the longterm and don't panic every time something does not go right.
Avoid Self Pity
Poor me... Life is soooo hard! I have such bad luck, things never turn out well for me....
I was once told about an average bloke who owned and operated a beach bar on a sleepy little island. He had grown up on the island and all of his family were still there. But he had lived in many parts of the world, worked at a variety of jobs and had led a life full of opportunity and excitement.
When asked what had brought him back to this small sleepy island his answer was wonderfully wise:
"I travelled all over the world thinking that the grass was always greener on the other side of the fence. Then I finally figured out that if I just watered my own yard I would have green grass too!"
How true is this?
Whining is so boring. 'Poor me' is such a drag! Self-pity is a waste of energy. Not happy with the way your lawn looks? Do something about it! The person who lets go of self-pity is the one who can achieve miracles with a dead lawn.
Life is not easy. Stuff happens. Illnesses strike, great opportunities vanish and natural disasters occur. All these things can befall any one of us at any time.
Start turning terrible into terrific, have little or no time for self-pity and keep yourself busy figuring out how to make your grass 'greener'! We all have the potential and capacity to be successful, happy and unique.
WHAT ARE YOU WAITING FOR?
Article Source: http://EzineArticles.com/?expert=Brian_D_Norton
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