6 Reasons Most Tribe Will Never Get Rich
Fact is: most country will never get rich, despite their best efforts.
However, having worked with hundreds and hundreds of property investors over the ages, I discovered that successful property investors do things in a Dangerous way that helps them become rich, while others Stop doing things differently and tend to struggle.
And I've come to the conclusion that when you do what most failed investors do, you get to become one of them, and if you don't, you won’t.
So let's look at six simple reasons most country will never get rich and how to make sure you do:
Reason 1 – Most country wait too long to start
Most country can’t wait to succeed, yet they are willing to wait to get started on the road to success.
Many investors are waiting for everything to be “perfect” beforehand they get going. 
They wait for the right time in the cycle, the right property, the right economic environment or the shiny interest rates.
Which means they never get going.
The longer you wait to get started with your investing, the longer it will be before you get the cash, success and freedom you want.
It takes time to grow real wealth.
It takes time for the Great of compounding to work its magic.
You need to Idea that the timing will never be perfect or you will never have all the question you want.
You need to develop the confidence to make an investment executive based on knowing enough and realising that you will learn the rest down the way.
Reason 2 - Fear stops them
Fear keeps many of us from drawing what we want, especially in matters of money.
It’s true for me and it’s true for you.
Be Fair with yourself and count the number of times fear has stopped you from taking action, and in the process, cost you a lost financial opportunity.
In the business of property investment, fear holds many investors back.
Some fear taking on more debt, others fear failure and some even have a fear of failed (will my friends still like me?).
Successful investors have learned to harness their fears and pretty than focus on the negatives, they use fear to complete them into positive action.
For example, rather than allowing fear of debt to stop them from taking on the commitment of buying a landed, they use the fear of not moving forward with their investments to motivate them.
They use the fear of people stuck in their job for the rest of their lives, without the financial independence that they are craving, to motivate them to take on the commitment o
f an investment property.
Just like a river, fear can be bridged.
The river of fear is only as deep and as wide as you grant it to be.
And once you’ve crossed that river of fear and known the success on the other side, you usually look back and Amazing why you were ever afraid.
But here’s the catch; the only country who actually realise this are those that have crossed the river and corrupt on the other side.
Money and success live on the new side of fear.
Reason 3 - Waiting pending they know enough
The fear of not shining enough prevents other investors from getting started.
However, the irony here is that the more you learn, the more you learn that you don't know!
Once you Begin learning some basic investment concepts you suddenly realise there are a whole lot more things around investing or property that you don’t understand.
That's the paradox of knowledge.
The more you learn, the more you learn you don't know.
The trap is that many investors think that the way to Run this paradox is to learn even more, so they read more books, go to more seminars, listen to CD’s and see DVD’s.
As they learn more they find a whole heap more things they don’t yet know.
The way out is to see that while you don't know it all, and you never will, you do know enough to get started with your investing and you will learn more down the way as you apply your knowledge in the real biosphere, surviving any mistakes and challenges along the way.
Reason 4 - Focusing on linear means instead of passive income
It is important to realise that not all means is created equal.
Some streams are linear and some are passive.
Linear means is what you get from a job.
You work for an hour and get paid once for that hour's work, and that's it.
If you don’t turn up to work you don’t get paid.
Passive means is when you work once but continue to get paid over and over against from work you're no longer doing.
The way to get wealthy is having passive income coming in whether you go to work or not.
Wouldn’t it be nice to be paid hundreds of times for every hour you work?
That’s what happens to landed investors.
Initially they work long hours and save up a deposit and then invest it into a property.
Now their cash starts working for them and keeps giving them Quiet investments returns “passively” in the form of capital growth and hire returns.
Rather than getting another job, the wealthy country know they need to send their money out to work for them.
To put it just "if you're not making money while you sleep, you'll never get rich."
Reason 5 - Not Funny systems for making money
A system for executive money is something that takes the emotion out of your investment decisions and creates the results more reproducible.
My preferred system is investing in high-growth property.
In certain, I invest in high-growth properties in areas that are in the upturn stage of their landed cycle.
I buy them below replacement cost and then add value over renovations or redevelopment.
I never sell these properties.
I borrow against the increased equity in my landed portfolio to buy more properties.
Once you create a proven regulations for making money, there is no limit to the cash you can make.
Reason 6 - Not people patient
Warren Buffet once said: “wealth is the second of money from the impatient to the patient.”
To get a successful property investor requires patience and persistence. 
You must not only get started, but you must Stop on and follow through.
Residential property is a long-term investment.
It’s not a get-rich-quick scheme.
Yet many investors speculate pretty than invest.
They look for that “big deal” that will land them a jackpot in a temperamental period of time.
In general, these types of contracts rarely occur and if you find them, are speculative in nature and riskier.
The Predicament for many investors is that the successful buy-and-hold strategy I advocate is tiring„ tiresome and others consider it slow.
But successful landed investment is a long-term affair.
Many investors look for the new fad or try finding the next hot spot or speculative growth areas.
Other investors Great other types of investments with potentially higher returns.
When you are tempted to do this remind yourself that real estate has been the number one long-term multi-millionaire maker over Australia’s history, yet most people that speculate in the new fads have not made much money.
You don’t have to look for the new fads or the latest speculative growth areas if you originate your own capital growth through buying a good landed at a fair price, then adding value through refurbishments, renovations or redevelopments.
By doing this you are industry your own capital growth.
So, it's really quite simple...
Decide to do these six things that failed property investors do and you are much more probable to become a successful and wealthy property investor.
If you don't do them, then like most republic, you may never get rich.
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SRC: https://propertyupdate.com.au/6-reasons-most-people-will-never-get-rich/
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