Take More Action and Make More Money
“You are so lucky.” This phrase makes the hair on the back of my neck stand up. Indeed the biggest pet peeve I have is when people say this to me. Most frequently it comes from a family member. Growing up as number 5 out of 6 children I am definitely the black sheep of the family. While my family are all great hard working people, they all work for someone else. They work hard and save hard as many Americans do.
I chose a different route. I believed in taking serious actions to grow my personal business and to create my own investment portfolio to make more money. Make no mistake about it; there have been many times when I struggled to make the monthly budget obligations. It is the price you pay to move ahead.
After all if it were easy everyone would be doing it, right?
Breaking through the “glass ceiling” to make more money
When you work for someone you tend to have a ceiling of financial reward and you also have a restraint on your time. I chose to run my own business and to build an investment portfolio so I could create the independence I wanted. Last week my 10 year old granddaughter had an event at school and asked if we could come watch her perform. She lives 90 miles away from us and I was incredibly proud to attend this event.
My attending this event resulted in the comment from my siblings “you are so lucky to be able to do that”. No, I do not consider myself at all lucky, I simply created the opportunity by overcoming obstacles and preparing for it.
Luck is defined as preparation meets opportunity
Just as I spend my life creating an environment where I am prepared when opportunities present themselves, you can do the same. Every day I talk with people who want to invest.
The truth is it does not matter what you do for a living and whether or not you work for someone or you work for yourself. Investments are an equal opportunity employer. Anyone who wants to learn how to invest in real estate, taking the time and diligence to take serious action can indeed break though their current level of achievement and financial reward and propel themselves forward. You can do this by actively investing or passively investing to make more money.
Active versus passive investing
Many people choose to be an investor as they too want to create some wealth and independence for themselves. The great thing is there are as many ways to invest in real estate as there are types of real estate to invest in. Some people they choose to learn all about investing or wholesaling or doing house flips and studying the markets. They enjoy driving around and looking at homes and writing offers and managing the properties. Whether they put a label to it or not these people are considered active investors as they like to be actively involved in the processes.
Passive investors simply want to do their due diligence on the types of properties they wish to buy, learn where is the best place to buy them and make the purchase. From this point they simply want to have a property management company run the little rental business while they maintain focus on their daily lives. These passive investors sit back and collect the checks. They chose to reap the rewards without all the day-to-day hassles of the operations and focus their diligence on the acquisition of more investments to make more money.
Whatever your desire, there is no right or wrong way to invest. The important part is to take action and create what you want.
<h4>If you would like to stay on top of all your real estate investing options, give me a call today to find out more! Larry Arth 941-718-7761