Characteristics Of The Wealthy Investor
Characteristics That Set Apart the World’s Most Accomplished Real Estate Investors From the Rest
Becoming a member of the nations most successful and accomplished real estate investment club isn’t just about how to buy and sell a property. Of course, real estate investment can be a tremendous tool for wealth building (in fact, real estate might be the number one vehicle for creating wealth in the history of mankind) but still, only a few investors get into the ranks of millionaire or even billionaire.
So how come some make it and others don’t?
According to reports done by Funders and founders, those with major league success status consistently present the following characteristics. The good news is, there isn’t one thing on this list that can’t be emulated by you.
Avid Readers
Not everyone in the history of the rich and successful has a college degree or an impressive IQ. Nonetheless, those in the ranks of the ultra successful all profess to be big on reading. Real estate investment professionals, especially, should take advantage of the infinite wealth of knowledge that is available at your fingertips through the written word. No matter what you want or need to know, you can find it in a book or an article or report. It’s only a matter of reaching for it.
Night Owl
Yes, I know, article after report after study spouts the merits of the old “early to bed, early to rise…” adage, but believe it or not, there is an article or two out there that says something different. Studies, in fact show that those with higher IQs do indeed burn the midnight oil. If you’ve been struggling with those naysayers who say you’ve got to get to bed early and get up at the crack of dawn, now’s your chance to embrace validation for your own internal clock. Bottom line is, if it works for you to work till 3am, go for it. If it works, it works.
Philanthropist
The wealthiest among us give back and do so consistently. Warren Buffet, for example has pledged to give away nearly all of his fortune and the Berkshire Hathaway Chairman and CEO has also encouraged many of his fellow billionaires to give away at least half of their fortunes; and, they are doing it too.
Multi-tasker
Or should I say multi-entrepreneurs? An incredible number of self made billionaires have made their mark by building and running more than one business. Maybe you’re already a real estate investor or just thinking about learning. Regardless of your situation, real estate investment can, and should, be just one of many pies you’ve got your fingers in.
Fearless
Savvy entrepreneurs and real estate investors know that the must successful and revered entrepreneurs, CEOs and business executives have failed; sometimes many times over. When you are able to see failure as a success in the making, you’re well on your way to reaching your goals.
Risk Taker
Renowned real estate investors and entrepreneurs have always taken big risks, understanding that the way to get ahead is to be willing to experience failure; but ultimately understanding that failure can only result in a success, when seen as a learning opportunity. Nevertheless, most “leaps of faith” aren’t nearly as dicey as seen at first blush; smart business people generally have risk mitigation well in hand before moving forward.
Pioneer and Seer
There is much to be said for implementing and utilizing proven systems; especially in the real estate investment game. Nonetheless, in addition to replicating success and using proven methods, those who want to get on that ever-coveted Forbes list must put their own twist on them, and become adept at spotting trends in the early stages, or out and out instigating them.