| One of the traits of most successful | | | | * Self discipline |
| entrepreneurs and investors is a willingness to | | | | * Persistence |
| take risk. If you want to be successful you have | | | | * Dedication |
| to take risk. You don't blindly throw your cards on | | | | * Vision |
| the table, but once the research is done and the | | | | * Focus on a specific goal |
| risk is examined, if it feels right intuitively, jump in. | | | | * Using coaches |
| I use my intuition navigate through risk and see | | | | Even Tiger Woods needs professional guidance |
| the reward in the other side. The reward is usually | | | | from time to time so don't be afraid to ask |
| greater than the risk. | | | | others for advice. But make sure you ask or |
| You would be surprised that whenever you set | | | | listen to the right people. |
| out to really do something, you usually do it, no | | | | You need to always hold positive images of |
| matter how much risk is involved. Don't freak | | | | yourself and your future in your mind if you want |
| yourself our though, take on what intuitively is | | | | your goals to come true, even if they aren't that |
| comfortable for you. | | | | particular day. |
| Even if you fail, you will learn more in the process | | | | Another very important trait of successful |
| than you would if you were too scared to do | | | | entrepreneurs is that they very seldom follow the |
| anything. An unwillingness to take risk is why so | | | | herd at anything. What I mean by that is they |
| few people are rich. | | | | think for themselves and never follow the large |
| They are too scared to be. People don't take risk | | | | crowd of people. The masses are not wealthy |
| because they are: | | | | and succesful, only a small perfentage of people |
| * Afraid to lose | | | | are. |
| * Afraid to try | | | | If you want to be successful you need to: |
| * Focused on their past failures and difficulties | | | | * Never follow the masses |
| * Simply think they can't | | | | * Get to the opportunity before the crowd |
| * Easily influenced by the opinions of others | | | | * When the crowd comes, go on to the next |
| Whenever I pass by a mansion I don't think "gee | | | | thing. |
| It must be nice to have such a big house?" I only | | | | Take the current state of the real estate market |
| see one thing, someone who took a lot of risk, | | | | as an example. The market started to really take |
| played to win, and is now living in one of the end | | | | off in the early 2000's so all the sudden all of the |
| results of their actions. | | | | amateur investors and people who owned homes |
| So many people focus on "how" they are going | | | | tried to cash in on the real estate boom. The |
| to do something, when they should just take the | | | | market became flooded with overpriced houses, |
| first step toward their goal to get the ball rolling. | | | | and people trying to jump on the real estate "Flip |
| Do you think that Tiger Woods enters the U.S. | | | | that house" bandwagon too late. |
| Open knowing exactly where he is going to hit | | | | Many amateurs have been foreclosed upon and |
| each shot and what his score will be each day? | | | | many people are stuck with high mortgage |
| No, he steps on the first tee takes it one shot at | | | | payments for houses they can't afford. One basic |
| a time and deals with whatever the golf course | | | | principle of successful real estate investing is to |
| gives him that day. Nothing takes him out of | | | | buy whenever everyone else is selling or sell |
| focus. | | | | when everyone else is buying. In other words, do |
| People like Tiger Woods have an unbelievable | | | | the opposite of what the majority of people do. |
| amount of confidence in their ability to judge | | | | Be a professional entrepreneur and don't follow |
| when and what risks to take and in their ability to | | | | the herd. Set high goals, and start a business that |
| do whatever it is they set out to do. They | | | | is built around what you love to do. |
| develop this skill through experience. | | | | Do you research to assess risk, but when your |
| Tiger Woods knows when to try to take | | | | gut is screaming at you to do it, even though you |
| advantage and when to sit back. He also has a lot | | | | are scared and unsure, don't hesitate and do it. |
| of skill to help him, which he acquired through: | | | | You will figure it out. With these tips I wish you |
| * Tons of practice | | | | the best of success! |
| * Failure | | | | |