You can’’t sleep. Before you know it, you’re sprawled on the couch in front of the television, clicking randomly through the channels. Say, who’s that guy on a yacht surrounded by bikini-clad babes suggesting I come to his real estate seminar? Well, heck, why not? It worked for him! Your fingers begin to twitch and you try to remember where you put the credit card. Please, put down the remote and go back to bed. You don’t want to finish the day with a bad decision of epic proportions.
Seriously. You have to stop falling for the “deal of the day” thinking. Want to get rich? Develop a core business philosophy and stick to it. Don’t be the schlub who finances the late night informercial mountain of wealth for a fast-talking charlatan. This idea is important. So important that Jason Hartman made it the first entry for the Next 10 Commandments of Successful Investing. It goes like this:
#11. Thou Shalt Not Be A Sucker
Over the course of a long and successful income property investing career, Jason has noticed a few things about people. One of those things is that few people want to dig in, do the work, block out the static, and crank out a fortune. Too many are distracted by the next flashy salesman who dangles visions of sudden wealth in front of your eyes with one hand while debiting your bank account for a few thousand bucks with the other.
Do you know anyone who has actually gotten rich quick after going all in on llama farming? Placing ads in newspapers for financial independence? Signing up for that proverbial ocean front property in Arizona? It’s simple. Get rich quick doesn’t work and can cost you a lot of money along the way. Just stop thinking like that right now. There will always be someone ready and willing to take advantage of you if you let them.
There are legitimate ways the average Joe or Josephine can create wealth through real estate. Not today or tomorrow or next month, but you can make serious inroads to the life you only dreamed of over the course of a few years. So, here’s the decision: keep blowing wads of cash on the latest “sure” thing and stay on the financial treadmill of desperation the rest of your life…or…get with the program and do something real for a change. (Image: Flickr | jDevaun)
The Young Wealth Team