Posts Tagged ‘Wealth’
Real Estate Investing And The Human Animal
Have you noticed how anytime you walk in to a book store and find your way to the business or financial books all the views that are expressed in the titles are very similar??? In one way or another they all call out for a monetary version of bloodshed. I mean the titles are about “how you can crush the other guy”or “it’s not personal its business”, “How to come out on top” etc etc. Years ago when I got into the real estate investment game I spent hours looking thru the book titles. Trying to find the one book that would teach me how to become that REAL ESTATE INVESTING GOD I knew I could become. After reading many of the most popular books of the time I actually would feel beat up over the content. I mean did I have to be a “take no prisoners” type of investor? Did I have to prey on some one else’s misfortune?? The answer was no. However I did need to learn to take somethings to heart,and NEVER let go of them. I liken it to building my investment suit of armor so to say. So I set out to build a list of my investment rules. We each should have our own set of investment rules. It will help you keep the animal investor inside of you in check. In my case,being that I am a VERY competitive aggressive alpha male type personality I need rules that would keep me “Human”. My own set of personal laws that would keep me on the “non predatory” path. Doc’s Rules for investing:
1) Set up personal guidelines: Define and follow your personal guidelines. This is the most important rule I have. My guidelines define the investments I will go after as well as the amount of investment I’m willing to part with to get it. It outlines my investment strategy as well as how I want to conduct my investment business. Things to include, but not limit you to, are: Top dollar amount and lowest dollar amount. Type of investment you want to deal with. Period of term for investment.. Etc etc. (Between you and me I even have a guideline about the amount of time I will work per-day)
2) Remember some ones family is behind the deal you?re working on. Simply put,whoever you are dealing with has mouths to feed. Don’t forget this. Just because you can get a great deal on a house because the current owner is in a facing some sort of adversity that is causing them to sell below market value, doesn’t give you license to kick them when they are down. Treat everyone with dignity and respect. If the price they are offering still falls within the personal investing guidelines you have set for yourself don’t use your position to abuse the seller. If you are getting the house for .40 cents on the dollar,don’t be a jerk and push for .38 cents. Always remember…it could be you in the sellers postion. (This rule DOES NOT come in to play when dealing with a bank owned property)
3) Always ask for what you want. No where does it say you can’t ask for something in an investment deal you like, I.E. if you’re looking at a piece of real estate with a pool,ask the seller if they would be willing to throw in new carpet to the sale. I once met a investor who was looking at a house that had been on the market for more than 6 months. When he went to talk to the seller he happen to see a 1954 Merc Coupe in the garage, so he asked if it was included in the deal. The deal eventually closed for the house AND the car. 4) Offer everyone the chance to make money as a bird dog for you. I always give several of my business cards to anyone I do business with and offer them a portion of any profit I make from any investments they help me locate. You would be amazed at how many people are willing to help you make money when they get a small part of it for doing very little work. (And if you follow rule #2 you will be amazed at how many of those bird dogs will sing your praises from the highest mountains)
Just some ideas of things to keep in mind when you’re working on your investment mindset. I have used these rules over the years,and in many cases they, have gotten me more return and repeat networking opportunities then I can count.
Maverick Money Makers Discussion
Hello and welcome to this page today. In this article I’m going to be discussing a product called maverick money makers which I’m sure you have probably seen advertised if you frequent and make money sites.
The maverick money makers club has been around for a little while now and it has many members. It was created by a guy called Mach Michaels.
If you are thinking about joining maverick money makers then carry on reading this article to find out what I like and dislike about the program before you buy.
It may interest you to know that I’ve been working from home and making a living online for a about three years now and in that time I’ve seen thousands of products being released but only the good ones stay around for longer than a few months.
Firstly Ill say that there has been some controversy about the maverick money makers program because some people say that they are teaching blackhat methods.
However I’ve looked through all of the content and there is only a very small section that is even remotely blackhat or unethical.
If you have been a member of any other make money membership clubs you may have been disapointed at the rate new content is added but the great thing about maverick money makers is new content is added regularly.
My advise is that because there is new content being added regularly you should try extra hard to focus.
One thing on your mind may be, how good is the support? In my opinion the support is excellent and when I once had a simple question I got a reply back from support after around 20 minutes.
The only thing I can think of that may be a problem to new people is that as there is so much content you may get distracted.
The best thing to do is to spend a while going through everything and then choose the model that you like the best and apply it. Then when you have that working for you move onto another method.
In my opinion the maverick money makers club is well worth the money if you can spare a couple of hours each day to put what you learn into action.
How Anyone Can Make Money With Forex Trading – It’s Easy To Start
Today we thought we would take a look at forex trading. There’s a good deal of people that have heard about forex and wonder how they can earn some money, so hopefully this article helps.
There’s been a tremendous spurt in the amount of people that trade currencies on the net. It’s a great manner to make cash and as opposed to the stock markets, the currency markets stay open at all times.
As I’m sure you know, currencies will shift in price constantly. A forex trader attempts to predict when these shifts will take place so that they are able to time when they purchase or offer for sale a specific currency.
Let’s take a look at why certain currencies will shift in price. There are several components, but I want to quickly look at a couple of the key ones.
One of the biggest factors in defining exchange rates is rates of interest in a country. If a country steps-up interest rates this will cause more investors to make investments in that country. This causes a boost in demand for that currency and it appreciates in value. If you can predict when a country will raise their rates of interest and purchase the currency prior to it is announced, it is likely that you will gain a a good deal of money.
Next, many countries have a currency whose rate is very much connected to certain commodities. Canada is a big exporter of oil and other natural resources. If oil prices increase, this causes a greater demand for the Canadian dollar as more individuals require the dollar to make the purchase. If the price of oil rises, it is very likely that the Canadian dollar will grow as well.
If you’re interested in trying currency trading, please think about buying a forex trading computer program to give you a hand. There are now pieces of software that study the forex markets based on market information and then pick out strong trading opportunities. These programs alone can earn you a considerable amount of money and although they are used by pro traders, they are also the perfect way for novices to get started.
You can make a great deal of profits in the forex markets. After you get the proper tools, currency trading an thrilling way to earn extra income..