Friday, January 22, 2010

Fear and the Investor WORK IT! 4 of 4

This is the final part in our 4 part series Fear and the Investor. If you haven't yet go back and read Types of fear, Get educated and Get into action.

"Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy" Dale Carnegie

Make your plan and work back from it. First a 5 year plan, then break it down to 1 Year, then 1 month and then one day - today. These are your baby steps towards running.

I didn't say all this was going to be a walk in the park. In an upbeat market, there is less to fear. In an unstable market your biggest obstacle is also your greatest advantage - your mindset. Once you have adjusted your mind for success this new psychology will take over and guide you. Every supposed failure holds a success within it, as long as you learn from it. The better educated you are, the easier it is to identify potential risks and take advantage of opportunities and by doing that you'll lead a happier and more relaxed life.

1 comment:

pjeary said...

Has anyone done a short sale in Real estate? Let me know what the lenders are looking for. Anyway thanks for this great post.

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