You should be prepared to lose money every time you make an investment, because if you can't lose the money then you probably shouldn't make the investment That's rule number one.
You have to realize that when investing in yourself, or investing in others, there's risk and that risk doesn't ever go away. What you have to pay attention to, though, is the difference between a successful investor and an unsuccessful investor comes down to the work you put in before you ever make your initial investment.
If you have done your due diligence and assess all your risks, you will have determined the number one risk that will cause your investment to fail.
Knowing this will determine your choice of investing or not investing.
If you believe, based on your facts and your gut, that the investment you are about to make has a 75% or better chance of delivering a positive return on investment for you and others, then odds are, you will have a successful investment and be one step closer to financial freedom.
Have a question about investing in real estate? Leave it below! I’d love to feature it in future videos!
