Thursday, December 14, 2006

Make some investing rules

I think that in order to get rich, become wealthy, get that financial freedom that we desire, we need to establish some rules to make sure that we stay on track to financial nirvana. Some of the rules that I have are that the deal must return the same percentage as the mortgage plus 2%. This is not as easy as it was a few years ago before the world-wide boom in housing. However they can still be found if you shop around hard enough. Another one is to specialise in one or two areas of a city and the type of residential unit. By doing this you can quickly be an expert in your area and can identify deals which meet your criteria. There are a lot of rules you can follow but you only need a few to get started. What about you? What rules do you follow? Blog in and give us an insight into your highway to financial freedom and you may also help others on this rewarding and exciting trip.


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