Thursday, August 28, 2008

The Mindset of Winning Real Estate Investors

"Too many of us are not living our dreams because we are living our fears." Les Brown

As I write this article the headlines in the paper are screaming bad news. Oil is up to $147, then down to $115, war in Afghanistan, Russia, your backyard wherever threatens us. Hurricanes, earthquakes and tidal waves all add to the turmoil. South American and Middle Eastern leaders turn on and off the oil tap at their whim, playing with the economy as they would a spoiled child. Healthcare is bankrupt, layoffs are eminent. Riots erupt in protest for cheaper medicines. Food prices are soaring as we turn to making bio-fuels because our planet is dying; global warming is cooking the penguins alive - but no-one will eat them because they're all vegetarians.
America slips into a recession, or a depression if you’re feeling especially gloomy. The U.S. housing market is so bad that bankers in Detroit can barely give a house a way for a dollar- then when they finally do, half of the derelict property has been stolen; metals melted down for money, wood burned for fuel...

It is enough to make you scared isn't it? There is a lot more to be pessimistic about too, especially if you watch TV or read the papers regularly. But, that's not the only story. As overwhelming as it all seems sometimes, it's not so bad.

One of the scariest things I see people doing these days is sitting on their money, frozen in fear. Afraid to lose their fragile nest egg by making a bad investment all the while it erodes away, slipping into the hungry mouth of inflation. Read More

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