Sunday, December 23, 2012

How To Become A Successful Investor

By Dale Poyser


To start your journey as a successful investor, a creative mind will be required. Begin Making money through investing for passive Earnings - Vision Necessary to achieve this.

There are two sayings I live by when it comes to investing.

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

Following these words has greatly helped me in my investment career. All the planning in the world won't prevent you from hitting a few hurdles in life. Nothing in life is without some risk.

If you're still reading, then you are serious about building wealth. So let's discuss the fun stuff.

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) Do your Homework - 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.

It is best to pick an investment based on what you like to do. For example if you are shy, avoid strategies that require you to make face to face contact. If you are more of the think tank type that likes to work behind the scenes, then avoid methods that require an outgoing personality.

Put another way if you like details and numbers, then you may have a promising future in the stock market or even certain types of real estate.

Take stock of your likes and dislikes, then choose a strategy that blends well with your likes. I used this technique to take stock of my natural abilities and this eventually lead me to options trading online and internet marketing. I love the idea of working from home.

3) Be open minded to different ideas

The only thing stopping you is you. There are thousands, possibly millions of ways to build wealth with passive income or even active income. There will always be those that will tell you that something cannot be done, don't listen to them. If you have a strong passion or desire to do something, find a way to make it happen.

I will bet my monthly earnings (a lot of money) that if you asked all the millionaires if someone at one time told them they would fail, ALL of them would say yes.




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