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