10 Investor Tips

Whether you're into property, the share market,responsibility for your future. Life doesn't always go
internet or business investing we would all do well toto plan, keep it all in perspective.
follow a few simple guidelines to ensure an enjoyable6. Surround yourself with people already successful in
and successful journey. Make your road to investingyour area of interest. Follow their lead, do what they
success a bit shorter by following a few tips fromdo, don't try and reinvent the wheel until you have
those that have traveled before you.money to lose. Invest with your head, make sure
your risk is manageable, and get your own personal
1. Have a plan. Know what your goal is but also keepfinancial advice.
an eye on the fine details of your transactions.7. Learn as much as you can before you start, read
Having a good understanding of all the figuresbooks, attend seminars, do your homework. Following
involved in purchasing and maintaining your propertiessuccessful people is great, but don't underestimate
will make the exercise more enjoyable and profitable.yourself, take responsibility for your own education.
2. Have a 'win with me' philosophy in all your dealings.What's right for some may not be right for you.
That way all parties are happy and you will sleep8. There is a lot to learn, and lots of ways to invest
much better.don't get carried away trying to do it all at once, it's
3. Make sure you continue a sound savings strategy.easy to get overwhelmed and when that happens
Allocate 10% of your earnings to savings and 20%there is a tendency to stop altogether.
to investing capital. And remember avoid consumer9. Life is busy, so create a timetable that can guide
debt.you through your week, utilise time in your car
4. Remember to keep your life in balance no financiallistening to investment or motivational CD's, delegate
gain is worth the loss of your health or yoursome of your work, don't try and do it all yourself.
relationships. Allocate time for each area of your life.10. Decide what you will do with the money you
Being devoted and focused is great, but being ablemake before you make it. Selling a property, for
to switch off, is also important for success.example, and making $30,000 profit, it's easier than
5. Believe. You can take control of your life, decideyou think to spend quickly if you don't have a plan
how you want to live, trust your abilities; takefor it.