Friday, January 4, 2013

How To Become a Successful Investor

Get Ready to Make Money – imagination required.

I live by two sayings when it comes to making money

1 – Money is just an idea, people who lack money simply lack ideas.

2 – If there is a will there will always be a way

Living by these words has greatly helped me in my investment career. You can plan as much as you want, but expect some roadblocks along the way. To get ahead in life you will need to overcome challenges.

Well, now that I got that boring part out of the way, let’s talk about the fun part.

Passive income strategies can make you a lot of money if you do it right. There are points to consider and they are straight forward.

1) Research research research – Learn before you earn.

Most people get into money making ideas based on stories of quick payments and being able to make millions with little or no effort. It is realistic to make a lot of money in investing but some initial effort will be required to get the ball rolling.

Leaping into investing without a parachute (knowledge) is a guaranteed way to failure, AVOID AT ALL COSTS!

2) When choosing an investment strategy, it should be based on more than just the promise of making a lot of money.

Choose investment strategies that match your personality type. For example, if you know you are an introvert or really shy, don’t go after opportunities that will require you to have a lot of face to face contact or make sales pitches. If you are not the people pleaser then something like that would not be your cup of tea.

Another example, if you are a detail oriented person that likes to see data, then maybe there is an opportunity for you in stock options trading, or real estate investing.

Make a list of your strengths and weaknesses, then choose your money-making path wisely. This is how I got my start in internet marketing and stock options investing.

3) Approach investing with an open mind

At the end of the day, the only thing stopping you is you. There are countless ways to make money. Don’t listen to the nay sayers and doubters. If you have a strong desire to do something, just do it!

I guarantee you that if you ask all the millionaires if someone ever doubted them, they would all say yes.

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