Tuesday Tip (Real Estate investment Tip)

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Reno Riches

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Real Estate Investing

Online Training

Investment Tip: Maximum income with minimal hassle and risk

Strategy Goal: Turn existing equity into investments that produce maximum income with minimal hassle and risk

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Financial Freedom

Net Worth

Investment Tip: Grow Your Net Worth

Success Stories

Investment Tip: Save Save Save

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Investment Tip: Survival & Stability Strategy Goal: Earn extra income, learn, and avoid losses

Investment Tip: Choose a Specific Real Estate Investing Strategy

At this stage, you could create a 30-page business plan that even an MBA would be proud of. But remember, the goal is just to get started. So, let’s begin with something quicker. You can create a big, detailed plan later if you want. For now, just choose ONE real estate strategy that will help you move from your current financial stage to the next stage.

a stack of coins with the words identify your financial stage on it in green and black

The Peak

Financial Independence

Investment Tip: Identify Your Financial Stage

Real estate investing is simply a vehicle to improve your finances. So, before we get into the details of real estate, let’s think about your overall financial picture. Most new investors eventually want to reach financial independence. You can think of this like the peak of the mountain where your living expenses are all covered by income from investments.

a man in a suit talking on a cell phone with the caption avoid getting emotionally

Impulsive Decisions

Investment Tip: Avoid Getting Emotional

Investment Tip: Avoid Getting Emotional Having a plan and sticking to it can help you avoid mistakes and impulsive decisions.

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Lost Money

Buying And Selling

Investment Tip: Avoid Flipping Stocks.

Trying to “beat the market” by frequently buying and selling stocks is a losing proposition. In fact, nearly 82 percent of daily traders lose money.

a person holding a vase with flowers in it and the caption reads avoid holding only one investment

Financial Tips

Financial Tip: Avoid Holding Only One Investment.

Diversify. Changes in markets can happen quickly — before you even can begin to react. Diversifying your portfolio will help protect you during these swings, giving you time to make informed decisions.

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Investment Goals

Financial Tip: Avoid Borrowing to Invest.

If your investment doesn’t pan out, then you still will owe the money you’ve lost to the lender. Rather, stick to your investment goals and set aside savings that you specifically designate for investing.

Related searches

Financial Tip: Avoid the Fairy Tales.

If something sounds too good to be true, it probably is. Red flags should go up if anyone promises a large guaranteed return on an investment.

a man with blindfolds on his face and the words avoid trusting others

Think For Yourself

Avoid Trusting Others Blindly.

This is your money. Think for yourself and research the expertise of anyone offering advice before you follow it.

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Do Your Homework

Steer Clear of Trouble

Do your homework before investing so you feel comfortable with your decisions.

Write It Down

Follow a Detailed Plan

Develop a plan to eliminate the urge to buy or sell investments without careful thought. Write it down and set dates to review it periodically. Establishing your plan will help you in good times and bad, and it will help you scrutinize those wild tips you get from your favorite family member.

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In Construction

If you want to go fast, you have to go slow

There’s a saying in construction: Go quickly slowly or work quickly slowly. It’s all about thoroughness. There’s a level of impatience today that seems to be part of the atmosphere and it seems more present than the air that I breathe. Impatience will not serve you, to get further faster: Remember to Go Slow