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Why would anyone want an investment which is going to end up costing them money? When it comes to investment in property, huge amounts of people are letting them selves be led astray and into debt by following the norm.
Following the norm will never make you rich as the norm tells you what the financial world wants you to believe to be true so as to help them make money for themselves. The fact of the matter is that far too many people are allowing their property investment decisions be dictated to by the market and what the market needs.
The truth of it all is that if you are using proven accurate systems and formulas to base your investment in property decisions on instead of emotion, there is no reason why your investment decisions should end up placing you in a position of financial crisis no matter what the market might be doing.
When I look at an investment, I see it as a vehicle which has the capability of driving me to financial freedom so long as I drive it correctly. By making financial investment decisions which are based on the performance or underperformance of the market, I immediately loose control over this vehicle and allow the market to dictate the outcome of my financial future.
Now if you ask me, this means that I am no longer in control of the vehicle which is meant to be taking me to financial freedom and that in my eyes is a very scary prospect. You see I believe in being able to take responsibility for my own successes and failures and this means that when making financial decisions which will affect me, I need to be in complete control.
One way of doing this is for you to be sure that the calculations and projections which you do before investing should be based on substance of all types of market conditions and not simply what the market might be doing at present. If you are able to do these calculations and the investment in property still comes out as a positive result, then you know you have a winner and that there will be no reason for you to have to begin to worry about your investment when the market begins to change.
A lot of people consider themselves property investors, but the truth of the matter is that most of them are simply buying property, the reason I say this is that for something to be an investment, you need to be sure that you will be in better financial condition at the end of the investment than you were before you made the investment in property, if not, you are simply buying property.
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Source by Dr Hannes Dreyer