I've come to the conclusion that when you do what most
successful people do, you get to become one of them, and if you don't, you won't.
So let's look at six simple reasons most people Remain poor for life and how to make sure you do:
1: Most people Do not want to Risk Investment
This is one particular area that has made several people to remain poor, they are afraid of taking risk because within their mind they feel they are goin to fail.But they forget one thing, No single area of our lives that is devoid of risk, even the air we breath cannot be totally free of risk, or is it the food we eat! Work part of life do you think is without risk. So for people
2: Most people for fear of the unknown do not start on time
Most people can't wait to succeed yet they are willing to wait to get started on the road to success.due to fear of the unknown.
Many are waiting for everything to be "perfect" before they invest. They wait for the right time in the cycle, the right property, the right economic environment or the right interest rates. All this means they never get going.
The longer you wait to get started with your investing, the longer it will be before you get the money, success and freedom you want. It takes time to grow real wealth. It takes time for the power of compounding to work its magic.
You need to understand that the timing will never be perfect nor will you ever have all the information you want. You need to develop the confidence to make an investment decision based on knowing enough and realising that you will learn the rest along the way.
3: Fear stops them
Fear keeps many of us from getting what we want, especially in matters of money. It's true for me and it's true for you. I remember some years back rejecting a priceless information almost cost me a start on the road to success. It all started on one faithful day when i went out in search of job and i saw a gentleman sharing hand bills, as i was not happy over my jobless situation then, i refuse to accept taking the hand bill not even want to know the content But my friend took up a piece of the hand bill and we went home. After lunch, he sat down and went through the content and i could see him been excited. He horriedly went to to a business center nearby to find out more about the information. That information proves to be the catalyst that kick started his main journey to success! he signed up for the company and as i still was skeptical about internet business i refuse to give it a try, I wanted him to try first before i would decide. Lo and behold! my friends financial story changed forever after 4 months. That was when i decided to join.
Be honest with yourself and count the number of times fear has prevented you from taking action and, in the process, cost you a lost financial opportunity. Some fear taking on more debt, others fear failure and some even have a fear of success (will my friends still like me?).To become successful you have to start something, because "those who starts never fails and those who never start fails"
Successful people invests and have learned to harness their fears and rather than focus on the negatives, they use fear to force them into positive action. For example, rather than allowing fear of debt to stop them taking on the commitment of buying a property, they use the fear of not moving forward with their investments to motivate them.
They use the fear of being stuck in their job for the rest of their lives, without the financial independence that they are craving, to motivate them to take on the commitment of an investment property.
Just like a river, fear can be bridged. The river of fear is only as deep and as wide as you allow it to be. And once you've crossed that river of fear and experienced the success on the other side, you usually look back and wonder why you were ever afraid.
But here's the catch. The only people who actually realise this are those that have crossed the river and stand on the other side.
Money and success live on the other side of fear.
4: Waiting until they know enough
The fear of not knowing enough prevents other investors from getting started.
However, the irony here is that the more you learn, the more you learn that you don't know! Once you start learning some basic investment concepts you suddenly realise there are a whole lot more things about investing or property that you don't understand.
That's the paradox of knowledge: the more you learn, the more you learn you don't know.
The trap is that many investors think that the way to escape this paradox is to learn even more, so they read more books, go to more seminars, listen to CDs and watch DVDs.
As they learn more they find a whole heap more things they don't yet know.
The way out is to recognise that while you don't know it all, and you never will, you do know enough to get started with your investing and you will learn more along the way as you apply your knowledge in the real world, surviving any mistakes and challenges along the way.
5: Some Focus on linear income instead of passive income
It is important to realise that not all income is created equal: some streams are linear and some are passive.
Linear income is what you get from a job. You work for an hour and get paid once for that hour's work, and that's it. If you don't turn up to work you don't get paid.
Passive income is when you work once but you continue to get paid over and over again from work you're no longer doing. The way to become wealthy is having passive income coming in whether you go to work or not.
Wouldn't it be nice to be paid hundreds of times for every hour you work?
That's what happens to property investors. Initially they work long hours and save up a deposit and then invest it into a property. Now their money starts working for them and keeps giving them sound investment returns "passively" in the form of capital growth and rental returns. Rather than getting another job, wealthy people know they need to send their money out to work for them.
To put it simply: "If you're not making money while you sleep, you'll never become rich."
6: Not using systems for making money
A system for making money is something that takes the emotion out of your investment decisions and makes the results more reproducible.
Invest in high growth System and reap the dividend forever.
Once you create a proven system for making money, there is no limit to the money you can make.
7: Impatient
Warren Buffett once said: "Wealth is the transfer of money from the impatient to the patient."
To become a successful person, patience and persistence is very important. You must not only get started, but you must continue on and follow through.
Passive income system is a long-term investment. It's not a get-rich-quick scheme.
Yet many people speculate rather than invest. They look for that "big deal" which will land them a jackpot in a short period of time. In general, these types of deals rarely occur and, if you find one, they are speculative in nature and riskier.
So, it's really quite simple...
Decide to do these six things that successful people do and you are much more likely to become a successful and wealthy property investor. If you don't do them, then like most people, you may never get rich.
If you want Want to kick-start your journey to success, you may try this company[SF14], they are genuine, flexible with world class training tool all for free and you are guaranteed a tangible income. The registration is totally free.
Remember useful information Can only add usefulness to your life only if you act on it.
I wish you the best on your road to financial success.
Photo provided By freedigitalphotos.net: artist: By patpitchaya
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