Apr
21
Written by:
host
Monday, April 21, 2008 11:56 AM
Investing in real estate is how the wealthy get wealthier. Many think that it takes money to make money. I want to dispell that myth today. It only takes initiative and persistence to overcome the myth. Money will come to you if you change your thinking about how money works. Are you a consumer or an investor? Let me phrase this a different way. Hypothetically, I give you $100,000. What would you do with the hundred dollars? I will give you the answer from a consumer and the answer from the investor. The consumer would say I will pay off all of my debts, take an exotic vacation, buy a new car, buy new wardrobe etc... The consumer will spend all of the money. But you say well at least the consumer paid off his/her debt, there something good about that right? Well it is good that the consumer has paid off the debt but consumer has not done anything to change what got them into debt in the first place. I would give the consumer a few months and he/she would be in debt again. On the other hand the investor would invest the $100,000 in real estate, stocks, businesses or an income producing asset. The investor will have the money work for her to create more money. The investor may buy the same things that the consumer bought but not until there was enough income from the investments. Investing in real estate is your ticket to freedom.
also visit us at investrealestate.wordpress.com.