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Take The Right Mindset With Real Estate Investing August 13, 2008

Posted by minnesotarealty in MN Realty.
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You’d be hard-pressed to find a person in America who doesn’t want to become rich. Unfortunately, making one’s fortune requires more than the simple desire to make money – one has to take charge and put in the work necessary to achieve success.

This may sound like an intimidatingly difficult undertaking, but it really isn’t as hard as it sounds. With all of the literature and educational materials on the market for budding Minnesota real estate investors, there’s no reason you shouldn’t be able to learn the ropes, provided that you put in the necessary hours of study.  In fact, simply reading this article is a great start to the learning process that will ultimately transform you into a successful investor.

Not only are you one step closer to being rich, but I am going to tell you what you would learn if you were to read every single book in the financial section of the book store. It’s not about complex accounting principles or Wall Street magic. You can hire professionals to take care of those kinds of details for you. What you will gain from truly learning how to get rich is this: You have to change your thinking habits.

That’s it. The fact of the matter is, you only have to get out of the habit of thinking like an employee and start thinking like an investor.

This may seem quite simple (and it is!), but the investor perspective sets the stage for you to become rich.  From the employee’s perspective, one must do exactly what the boss instructs, and work within the established system to earn their livelihoods. Those with this mindset always manage to get by, but if you want to do more than just get by you must obviously take a different approach.

If you want more than that- to be rich, for example- you have to start thinking like the people who control the money. Think like the people who work smart, not hard. With a little thought, you can figure out how to make your money work for you.

Who are these people who are financially in control? Corporations hold a great deal of power in our society, but a corporation is an abstract concept; the money and therefore the power are really held by the businessmen who make the decisions for the corporations.

Businessmen who oversee large corporations, however, aren’t quite at the top of the financial ladder; one rung above, you’ll find the investors.

There’s no question- investors have more control over money than anyone else, and that is simply because instead of viewing money as something you must work to earn, they see it as something that works for them.  This concept can but put into practice by absolutely anyone, so why isn’t everyone able to get rich in this manner?  Well, most people remain “employees,” their entire lives, never learning to look at money in a different light.

All you have to do to become one of the big fish is invest. It’s that simple. Investing in real estate is a good bet because it’s a stable investment. It’s so stable, in fact, that the bank will actually lend you money to purchase it. No kidding.

That’s the long and short of what you will learn if you read every book available to you on how to start thinking rich and stop thinking secure. They will tell you how easy it is. They will tell you to change your thinking. And they will tell you to let the experts deal with the details.