"He is richest who is content with the least, for content is the wealth of nature."Socrates
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Day Trading & Investing Advice ... How to pick explosive stocks while reducing risk
In the stock market it's not unsual to see a stock go up more than 15% in less than 5 minutes on a good momentum day. It could seem that making money in the market is just a matter of buying one of those fast moving stocks and riding them for profits. In ...
How Do You Rank in The Investing Hierarchy?
Copyright 2006 CashFlow Avenue You probably have heard this saying before - "It is lonely at the top." If you find yourself in this position, then you are probably at the top of your own niche. Our society is made of hierarchies. Most countries are ...
Investing online - Day traders and others
With the inception of the Internet, many people experienced and inexperienced in stock trading have begun signing up with online trading companies and buying and trading their own stocks. Investing online in this manner is growing in popularity, ...
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Real Estate Investing - How to Coach Yourself Author: D. S. Peter
Some people are not in a position to work with a coach right now. Some are stretched financially, while some are still using the "lone ranger" method. Other people might be uncertain about trying something new. So here is a brief, simple process you can apply to your own situation i.e. "coach" yourself!
1. Clarify your goal Some of us are not moving forward simply because we have not set a goal that inspires us! Make it specific e.g. I will by one property by December 10. And you can stretch yourself, but keep it realistic. If you're blocked, schedule creative time to play with ideas. Ask someone who is where you want to be for advice.
2. Plan What overall strategy(s) will you use? For example, to buy residential properties will your strategy be area specific, fixer uppers, foreclosures, price range, or a combination? To increase profit will you increase your knowledge (to learn more on real estate investing http://www.buying-investment-property.info and http://www.realestate-investinginfo.com ), switch your real estate investing area or even state, network, or improve performance. For this stage you will also set your milestones to achieve along the way, with deadlines attached (say every 2-4 months). Also list the tasks to achieve along the way in between milestones.
3. Action Once you have the overall plan in place, it's time to get down to specific action. You might like to list the action steps you will take in the next week, or the next 30 days. When you have completed these actions, it's time to evaluate, and write the next list of action steps.
4. Self check Having an idea, or desire is one thing. But many of these do not get achieved. This is probably one reason you are reading this article - because there is something in your life you would like to achieve or change, but it hasn't happened yet. Change rarely occurs without "action". If you want to be a real estate investor, surround yourself with real estate investors. Talk a friend into doing your goal with you. Set constant diary reminders for the next month, and/or encouraging visual displays on the wall. Announcing your commitment to the world (all your friends) is also a great method to achieve your goal. And if you're really serious about your goal, it's hard to find anything more motivating than doing one successful deal. Learning is a lifetime journey.
Good luck! Copyright © D. S. Peter This article can be published by anyone as long as the reference box remains intact and all links are kept live.
About the author:
Copyright © D. S. Peter is a successful real estate investor for over 14 years.
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