“SUCCESS IS EVOLUTIONARY” – Get Educate

It stands to reason that the more knowledge you gain about investing, the more successful you will be, and it is the first of the three criteria necessary to build wealth.

I’m talking about devouring books, articles, and audios (anything you can find on the subject) and then applying what you learn. Knowledge alone will not make you rich. Taking appropriate actions based on your willingness to know.

My suggestion to new investors is to learn as much as you can on the subject of success. Read what successful people did to become rich, especially those successful in their chosen area of ​​interest. Find out what they did wrong so they don’t repeat their mistakes, and find out what worked for them so you can implement those actions.

Understand that dedicated focus is very important to success, but first learn all you can about building wealth and success in general. I can tell you that with all the different ways out there to make money, it will be hard for new investors to focus on just one or two.

New investors may be tempted to try several different investment opportunities at the same time. But if they have forgotten to develop an understanding of how to invest, they may be setting themselves up for failure.

Let’s take real estate investing as an example.

You can become extremely wealthy by investing in today’s real estate market, but where do you start? Do you start by doing short sales or are wholesales, lease options, and “tied too” offers more profitable? Are you concentrating on tax lien reversals or buying property to get out of bankruptcy?

Are you launching into commercial properties like apartment buildings, mobile home parks, office buildings, storage properties, or senior facilities or are you more inclined to want to earn passive income with triple net leases or hard money loans?

If real estate is your chosen field of investment, I suggest you learn about all the investment methods I just mentioned, and when you find one that fits your investment criteria, become an expert in that type of investment, and then watch how fast wealth grows.

Once you’ve mastered one type of investing, you can begin to master a second, a third, and so on. Education is a fundamental ingredient for the success of an investor.