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There are many people who want to do instead of think and
then there are people who think but do not do. Love new
idea and take action.
Stop doing what you are doing.
Take a break and assess what is working and what is not
working. The definition of insanity is doing the same thing
over and over and expecting a different result. Stop doing
what is not working and look for something new.
Look for new idea
For new investing idea, go to bookstores and search for
books on different and unique subject. Try to implement as
many as ideas into reality in order to get right direction.
Find someone who has done what you want to do
Take them to lunch and ask them for tips and tricks of the
trade. As for 16 percent tax lien certificates, go to the
county tax office and find the government employee who
worked in that office.
Take classes, read, and attend seminars
Search newspapers and the Internet for new and interesting
classes, many of which are free or inexpensive. People are
wealthy and free from needing a job simply because of the
courses they took. People who did not take those classes
who told they were wasting money and they are still at the
same job.
Make lots of offers
When you want a piece of real estate, look at many
properties and generally write an offer. If you do not know
how to write an offer, take a real estate agent advice. That
is the job of the real estate agent.
Look for the Right Deal
No offers were ever made and person is still looking for the
right deal at the right price. Well, you do not know what the
right price is until you have a second party who wants to
deal. Most sellers ask too much. It is rare that a seller asks a
price that is less than something is worth.
Make Offers
People who are not investors have no idea what it feels like
to try to sell something. You would have welcomed any
offer. They could have offered you 10 pigs and you would
have countered, maybe for a pig farm in exchange. But that
is how the game works. The game of buying and selling is
fun. Keep that in mind. It is fun and only a game. Make
offers. Someone might say yes.
You should always make offers with escape clauses. In real
estate, you should make an offer with language that details,
subject to contingencies, such as the approval of a business
partner. Never specify who the business partner is. Most
people do not know that my partner is my cat. If they
accept other offer, and I do not want deal, I call home and
speak to my cat. I make this ridiculous statement to
illustrate how easy and simple the game is. So may people
make things too difficult and take it too seriously.
Find a right business
Finding a good deal, the right business, the right people, the
right investors, or whatever is just like dating. You must go
to the market and talk to a lot of people, make a lot of
offers, counteroffers, negotiate, reject, and accept. Not to
sit at home and it is better to go to the market, even if it is
only the supermarket. Search, offer, reject, negotiate and
accepts are all parts of the process of almost everything in
life.
Jog, walk or drive a certain area once a month
You should jog a certain neighborhood for a year and look
for change. For there to be profit in a deal, there must be
two elements,, a bargain and change. There are lots of
bargains, but it is change that turns a barging into a
profitable opportunity. So when you jog, you jog a
neighborhood you might like to invest in. It is the repetition
that causes me to notice slight differences. You notice real
estate signs that re up for a long time. That means the seller
might be more agreeable to deal. You watch for moving
trucks going in or out. You stop and talk to the derivers.
You talk to the postal carriers. It is amazing how much
information they acquire about an area. You find a bad
area, especially an area that the news has scared everyone
away form. You drive it for sometimes a year waiting for
signs of some thing changing for the better, You talk to
retailer, especially new ones, and find out why they are
moving in. It takes only a few minutes a month, and you do
it while doing something else, like exercising or going to
and from the store.
Shop for bargains in all markets
Consumers will always be poor. When the supermarket has
a sale, say on toilet paper, the consumer runs in and stocks
- But when the housing or stock market has a sale, most
often called a crash or correction, the dame consumer often
runs away form it. When the supermarket raises its prices,
the consumer shops somewhere else. But when housing or
the stock market raise their prices, the same consumer often
rushes in and starts buying. Always remember, profits are
made in the buying, not in the selling.
Look in the right places
A neighbor bought a condominium for 100000 dollars. You
should buy identical condo next door for 50000 dollars.
And you should be waiting for the price to go up. As you
know that profit is made when you buy, not when you sell.
Thing big
Retailers love giving volume discounts, simply because
most business people love big spenders. So even if you are
small, you can always think big. When your company was
the market, called your several friends and asked them if
they were ready to buy. You should go to different dealers
and negotiated a great deal because you wanted to buy so
many.
Learn from history
All the big companies on the stock exchange started out as
small companies. Colonel sanders did not get rich until
after he lost everything in his 60s.
