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Answer You - Seven Traits of Highly Successful Investors (Do You Have Them?)
I did not make up the annual income figure in the headline.That is the mean annual salary earned by technical communicators across the United States in 2005 according to the “2005 Technical Communicator Salary Survey” conducted by Society for Technical Communication of which I'm a proud Senior Member.The lowest paid entry-level tech writers made $40,730 and those writers in the supervisory senior-levels made as much as $111,100 in 2005.Not bad considering the image of a “starving artist” that the word “writer” conjures up in popular imagination -- and sometimes with good reason as well.Just because you like writing does not mean you need to live a life of want and destitute.If you are sick and
Savvy investors, on the other hand, patiently lay a
Chapter 7 bankruptcy is the type of discharge that most people associate with the idea of bankruptcy. Chapter 7 is also the option that most people commonly choose because it offers a fresh financial start without the obligation to repay the debts that the debtor has incurred.Although there are several other options that debtors can choose to deal with their financial troubles, Chapter 7 bankruptcy is ideal for people who have no way to repay the huge amount even with a repayment plan. However, according to the law, bankruptcy involves a variety of options and guidelines to help people make an informed financial decision.Although Chapter 7 bankruptcy provides many people with bankruptcy alternatives and a new beginning concerning their finances, it is not a panacea for their problems. The courts d
Why the sky-high failure rate? After mentoring new investors for 16 years, I know it’s because people go into real estate investing with “pie in the sky” expectations that don’t pan out.
We all know about the late night talk show gurus who promise you can become a millionaire overnight using their “proven” tactics. The fact is, however, that what separates the successful investors from those that fail isn’t luck or fortune or hard sell tactics.
What makes people successful is hard work . . . with a little luck thrown in. I know that isn’t what you want to hear. But the truth of the matter is, successful real estate investors don’t need to watch late night TV gurus because they’ve taken to heart – and continually practice – the following seven traits:
Success Trait # 1: Successful investors prepare themselves mentally.
It’s easy to get caught up in the hype regarding real estate investing. You hear or read the stories of people becoming millionaires almost overnight – and you want a piece of the action, too. Tomorrow, preferably.
A new investor, believing the hype, becomes impatient and foregoes preparation and education. He then ends up in over his head with his first deal, and when the deal goes sour, he blames it on the late night guru who sold him a bum deal.
Savvy investors, on the other hand, patiently lay a s
At today's mastermind meeting, Joe, Bill, Craig and I got into a long discussion about Joint Venture proposals. This is a subject that my coaching clients are struggling with at Your Portable Empire University, and really, most beginning marketers struggle with.It really hit home to me how lucky I was to be sitting at that table.Joe Vitale is one of the fathers of the internet marketing business, and just keeps growing from amazing success to amazing success. His goal is to be the world's first trillionaire. I wouldn't bet against him.Craig Perrine is one of the up-and-coming gurus. The gurus all know him, and respect him. He's one promotion away from being a guru himself. He's also got a dangerously skewed sense of humor.Bill Hibbler is one of my oldest friends. He's the one
We all know about the late night talk show gurus who promise you can become a millionaire overnight using their “proven” tactics. The fact is, however, that what separates the successful investors from those that fail isn’t luck or fortune or hard sell tactics.
What makes people successful is hard work . . . with a little luck thrown in. I know that isn’t what you want to hear. But the truth of the matter is, successful real estate investors don’t need to watch late night TV gurus because they’ve taken to heart – and continually practice – the following seven traits:
Success Trait # 1: Successful investors prepare themselves mentally.
It’s easy to get caught up in the hype regarding real estate investing. You hear or read the stories of people becoming millionaires almost overnight – and you want a piece of the action, too. Tomorrow, preferably.
A new investor, believing the hype, becomes impatient and foregoes preparation and education. He then ends up in over his head with his first deal, and when the deal goes sour, he blames it on the late night guru who sold him a bum deal.
Savvy investors, on the other hand, patiently lay a
With any type of marketing and advertising, identifying and developing an understanding of the target market is the most important step. These people are same as the people targeted through traditional media, the only difference is they are a little more computer literate and can be anywhere in the world.You can also make use of an interactive tool by asking your audience to give you feedback. If you can analyze that information well, it will help you further define your On Line market. Proper identification of the target market makes it easy for you to plan effective marketing activity and also helps you develop a winning sales message. By knowing the specific concerns of your market, you can tailor your message to focus on solutions to those concerns.Setting up your Web site also depends upon yo
Success Trait # 1: Successful investors prepare themselves mentally.
It’s easy to get caught up in the hype regarding real estate investing. You hear or read the stories of people becoming millionaires almost overnight – and you want a piece of the action, too. Tomorrow, preferably.
A new investor, believing the hype, becomes impatient and foregoes preparation and education. He then ends up in over his head with his first deal, and when the deal goes sour, he blames it on the late night guru who sold him a bum deal.
Savvy investors, on the other hand, patiently lay a
One of the great benefits of working at a full time job, is that often times your employer will provide health insurance. This insurance doesn't come free, most likely a portion of your salary is deducted to cover it's costs, however becuase you are under a company you can acheive greater discounts through group rates.Health insurance is simply a type of insurance that will cover the insured person or part when that person or party become sick or injured,etc. The insurer is not always a private organization it can often times be a government agency. There are great differences between health care insurance around the world. For example in Canada health care is part of our social system and is public, where as in the United States health care is for the most part private.There are several pros and
Success Trait # 1: Successful investors prepare themselves mentally.
It’s easy to get caught up in the hype regarding real estate investing. You hear or read the stories of people becoming millionaires almost overnight – and you want a piece of the action, too. Tomorrow, preferably.
A new investor, believing the hype, becomes impatient and foregoes preparation and education. He then ends up in over his head with his first deal, and when the deal goes sour, he blames it on the late night guru who sold him a bum deal.
Savvy investors, on the other hand, patiently lay a
Use This Quick 3-Question Evaluation Process, So You Can Be Sure Your Message Will Sell!EVALUATION #1: "Well, I Would Hope So!" When you make a claim, don't think about it in terms of words coming out of your mouth. Think of it in terms of words entering your prospects ears. Then you'll realize how ridiculous some claims actually sound.Whenever you make a claim, ask yourself if the prospect will immediately echo this response: "Well, I would hope so!" For instance, an insurance agency faxed me the following reason to choose them over their competitors: "We will be there for you when you have a claim." Well I would hope so! You're an insurance agency! Isn't that what you do?Statements like this have as much meaning as the haircutter telling you that your hai
Savvy investors, on the other hand, patiently lay a solid foundation. They take the time to educate themselves about real estate, financing, and negotiation so that when that first deal comes along, they’re mentally and knowledgably prepared to ride out the inevitable ups and downs.
Success Trait #2: Successful investors work with mentors.
Real estate investing requires skill, patience, and street-savvy knowledge – knowledge you won’t get from a guru who has written a best-selling book but hasn’t practiced in years.
No matter what their experience level, savvy investors work with experienced coaches or mentors to help them get to the next level.
You can either pay a person to work with you or you can partner with a successful investor on a deal. Either way, you want to find someone who is actively practicing what you want to accomplish and model your behavior after him or her. (Note: Experienced investors can smell couch potato investors a mile away. So have your game plan ready and be ready to get to work.)
Success Trait #3: Successful investors never give up.
It’s a negative world out there – and your spouse, co-worker, or relative can destroy your confidence and drive with statements such a
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