Episode Details

Success is not a miracle.

Nor is it a matter of luck.

Everything happens for a reason, good or bad, positive or negative.

And it's the same with success in property investment. While real estate is generally considered a sound investment, only a small number of those who get involved eventually develop financial independence.

It probably won't come as a surprise that when you study those who have achieved financial freedom through property investment, you will find they come from a variety of backgrounds, walks of life and educational standards, but there are certain traits shared by all these successful property investors.

If you want to join the ranks of these investors you need to model them - you need to copy those who have achieved the success you desire.

So, in this week's show I am going to discuss the habits these wealthy investors share in common.

18 Habits Shared by Successful Investors:

1. Successful investors have a strategy. Defined goals and a wealth creation plan help investors see the big picture, maintain focus on their goals, and make purchases based on proven criteria rather than emotions.
2. Successful investors treat their investments like a business. Investors who approach their property investments with a business plan are able to identify their objectives and define strategies to meet those objectives while successful navigating financial, tax, and legal systems.
3. Successful investors keep educating themselves. Learning by making mistakes is a slow and demoralizing process. Investors who invest time and effort into their continuing education and into learning from mentors and mastermind groups can achieve more in a shorter period of time.
4. Successful investors think big. Financial freedom is a big goal. Successful investors aren't satisfied with small achievements and aren't afraid to paint a bigger picture for themselves
5. Successful investors know their markets. Sound investment decisions are based on facts, not feelings. A greater understanding of a particular market allows the investor to make smart decisions within that market.
6. Successful investors develop a focus or niche. There are many ways to invest in real estate. The most successful investors don't try to do all of them, they learn everything about a certain type of investment and focus on becoming an expert in that niche.
7. Successful investors understand the risks. The business of property investment comes with fluctuating interest rates, changing property cycles, and various "X factors" that can derail otherwise good plans. Successful investors understand these risks and take precautions to mitigate them.
8. Successful investors take full responsibility for their lives. Blaming others for your circumstances leaves you feeling out of control. Taking responsibility for yourself allows you to take control over your circumstances and reduce the number of bad situations you encounter while increasing the good.
9. Successful investors are decisive. Indecision leads to inaction. It's impossible to make good decisions one hundred percent of the time, but you should make the best decisions you can at the time and stick by them. Successful investors deal with problems when they arise and move on from them, rather than beating themselves up over bad decisions.
10. Successful investors find opportunities where others see problems. Instead of focusing on the problems with an opportunity, look for ways to make the situation work. Successful investors are those who find hidden opportunities that other buyers don't see.
11. Successful investors em