One of the steps that we have outlined in this blog is the way earned money can be used to buy assets that produce passive income and also the importance of having a mentor in doing business and investing.
There are great reasons to believe that Real Estate Investing is one of the many ways that business people can earn passive income. But before you get your funds out of the bank and buy property, I would recommend investing in your education first. And when we say education, that does not mean enrolling in an MBA program, but education from mentors and seminars that offer 'real-life' and actual 'street-smart' experience.
I was was recently involved in a webinar involving Trace Trajano's real estate mentoring program. For those of you who do not know Trace, he is a Pinoy Real Estate Investor based in the United States and who is actually doing what he preaches. He is also the author of "THINK RICH QUICK!" A book that describes his journey and success with Real Estate Investing in the US. This book can be bought at National Bookstore for a very reasonable price. He co-authored this book together with Larry Gamboa. To view a sample page of THINK RICH QUICK. Click HERE.
Trace has been mentoring students from the US and from the Philippines and is gaining success with his teaching methods. One of his successful students who has just bought his first property is FORECLOSURE PHILIPPINES' author Jay Castillo.
In the past, Trace charged around $5,000 for his mentoring program but since I had a business that was still bleeding and in dire need of cash, I decided to forego the offer although I have been studying the subject of real estate investing for many years and know it is the way to go.
Now thanks to his WEBSITE and systematized way of teaching, he has now made it more affordable, understandable and available to more Filipinos to know the secrets to great wealth in using Real Estate Investing principles.
This is a really great way of starting your own business and own personal investing. For a small fee you will be able to learn the techniques from this talented man and will be able to avoid all those costly mistakes as we find our way towards financial freedom.
Click Here to Read More...
Showing posts with label investing. Show all posts
Showing posts with label investing. Show all posts
There is a keen relationship that exists between Investing and Business. A majority of the population think that when they buy a stock, put money in a time deposit, buy a mutual fund or go into foreign exchange that they are already investing. The population has a tendency to think more in terms of the investment product which is more akin to trading and not investing. Investing is a PLAN that one needs to map out to meet desired financial goals that are sound and reasonable.
Look at what happened with the recent Legacy scandal. Thousands lost their hard earned money, thinking that when they placed it in the hands of the Legacy group they were already 'cool' investors. They focused more on the investment product rather than on the educational side of being an investor which take time, patience, meditation and knowing what you want in life. Again INVESTING is a PLAN and a PROCESS and is not based on knowing the hot tip of the day where there are unsubstantiated claims of 'doubling your money'. Scams abound and to the unprepared mind, this can be devastating.
Most Entrepreneurs who have gone out of their way to be hands on in building their own businesses are blessed to 'see' when a business becomes profitable or not. They know how the different segments of a business work and know how to read financial statements. They become superman with 'Xray vision' and are able to decipher the profitability of a venture. This blessing has come out of the price that Entrepreneurs pay in operating profitable businesses.
It is my opinion that Great Entrepreneurs become good investors, that is why the advocacy to convince you to start your own business is right since the training in business can help you weed out the bad investment products from the good ones. The Xray vision to see a good investment product becomes more keen when one has been exposed to business training, paying the tuition fee from the school of hard knocks.
You are in this game of money already, it is up to you to make the best out of this game. Click Here to Read More...
Look at what happened with the recent Legacy scandal. Thousands lost their hard earned money, thinking that when they placed it in the hands of the Legacy group they were already 'cool' investors. They focused more on the investment product rather than on the educational side of being an investor which take time, patience, meditation and knowing what you want in life. Again INVESTING is a PLAN and a PROCESS and is not based on knowing the hot tip of the day where there are unsubstantiated claims of 'doubling your money'. Scams abound and to the unprepared mind, this can be devastating.
Most Entrepreneurs who have gone out of their way to be hands on in building their own businesses are blessed to 'see' when a business becomes profitable or not. They know how the different segments of a business work and know how to read financial statements. They become superman with 'Xray vision' and are able to decipher the profitability of a venture. This blessing has come out of the price that Entrepreneurs pay in operating profitable businesses.
It is my opinion that Great Entrepreneurs become good investors, that is why the advocacy to convince you to start your own business is right since the training in business can help you weed out the bad investment products from the good ones. The Xray vision to see a good investment product becomes more keen when one has been exposed to business training, paying the tuition fee from the school of hard knocks.
You are in this game of money already, it is up to you to make the best out of this game. Click Here to Read More...
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