It is estimated that well over 90% of the World's richest
people have become wealthy through investing in property.
On top of this, a large proportion of the rest of the
World's richest people, who didn't originally make their
wealth through property investing, now use property
investing as their main investment vehicle to protect their
wealth or increase it further.
This article will teach you 5 steps to property investing
success. After reading it you should have a better
understanding of what it takes to become wealthy through
property and what sort of sacrifices you will have to make
to get there.
1. Make better use of your time. What do you currently
spend most of your time doing? Most people spend the
biggest part of their time either at working or sleeping.
In fact, including the commute to work, many people spend
about 18 hours of every working day doing these activities.
However, what they do with the other 6 hours and what they
do with their days off (assuming they have that luxury) is
what holds the key to their property investing success.
You might do vital things like get time with your family,
but what about things like watching T.V. or playing video
games, or even going down the pub. If you sat down with a
pen and paper and wrote down how much time you spend on
these, none essential activities, you might be surprised at
how much time you are wasting that could be spent doing
other things, such as learning about money making or
actively investing in property. Including the weekends,
many people spend about 18 hours a week, watching T.V. If
you could cut this down to about 5 hours a week, it could
have a massive impact on your life.
Successful people generally don't spend every afternoon,
sat glued to watching Eastenders. Do you really think that
this is how Richard Branson or Philip Green spends their
time?
Cut down on the amount of time you spend doing things that
have no real benefit to your future happiness, and instead
invest this time on more productive activities, such as
learning how to achieve property investing success.
2. Make your money work for you. If you are used to
getting paid an hourly or a daily rate, then the chances
are you are probably not very wealthy. The wealthiest
people in the World do not generally get paid an hourly
rate. They master how to get their money to work for them
so that even while they are sleeping they are accumulating
wealth. This is perhaps the most important thing you can
learn to get yourself out of the rat race and into the life
you desire.
3. Set goals. Setting goals is crucial to your success.
If you don't set goals you will be aimlessly wondering
through life. There is a small chance you might be
successful, but if you set goals you are much more likely
to be even more successful. You need to plan where you
want to go and what you want to do. On top of this you
need to understand why you want to achieve what you want to
achieve.
4. Strategy. Setting you goals will set out what you want
to achieve, but planning your strategy will tell you
exactly, HOW you are going to achieve it. Goals are
useless without a strategy of how to achieve them. When
you plan your strategy you need to plan down to the nth
degree and have back up plans that will mean if something
unforeseen happens, you can still overcome it and meet your
goals.
5. Mix with the right people. This can be online through
property forums or in person at property networking events
or any other way you can think of. It is vital to your
investing success that you mix with people that have
similar goals to you and/or that have already achieved what
you want to achieve. You might find that most of your
friends tell you that there is no longer money in property
and to give it up. The only way you are going to be able
to continue to believe in the face of negativity from those
who care for you is if you have proof around you of those
that have succeeded and continue to do so.
It still is, and perhaps always will be, possible to
achieve property investing success. This success is
available to anyone who is prepared to follow the steps and
make the sacrifices today that will insure their future
tomorrow.
----------------------------------------------------
Carlton Johnson, is a well known author and webmaster who
specialises in helping people achieve financial freedom
through property investing. To learn more about how to
achieve property investing success visit the
http://www.investment-property-guru.com website
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