eople are very
entertaining if you just What are those myths?
take time to listen to what
they say and observe how they 1.Real estate is a gamble.
act. After all, that's why 2.Real estate is risky.
reality television shows are so 3.There is no way I can possibly
popular. Now you can watch people invest in real estate.
from the comfort of your living
room chair. Naturally, Myth No. 2 follows
logically from Myth No. 1.
The things they do and say are so Assuming, of course, that logic
highly entertaining because goes into the thinking at all
people so often react based on when someone determines these
emotion. Often, that emotion is things.
fear. Throw in a little laziness
and a willingness to believe Robert Kiyosaki, author of the
whatever they hear that justifies Rich Dad book series, said that
their fear and there you have there are people out there who
them—the two most honestly believe that real estate
wealth-preventing myths about investing—or any type of
real estate investing that were investing at all, really—is all
ever conceived. And those two are about luck. These types of
the parents of the third. investors throw their money at
anything that looks good to them.
Those myths are, of course, But they haven't taken the time
fear-based. They are also myths to educate themselves on what is
that would not exist if it were a good investment. So what “looks
human nature to educate good” to them is based on a
themselves about a thing before purely emotional reaction—or
making up their minds about it. worse—a guess.
attempt to learn something. The
Real estate investment cannot be extra money they have is burning
accurately compared with, say, a hole in their pocket and they
Black Jack or Roulette because can't wait to throw it away. So
those games are guessing games. that is exactly what they do.
Real estate investment is not a
guessing game. Real estate There is risk, of course. Anytime
investment involves looking at someone sets out to learn a new
financial documents and skill—even investing—they will
determining from them where you make a few wrong moves. But that
should spend your money. It's not is all part of the process. As
about guessing—it's about time goes on, you will get better
reading. at it. So of course, you
shouldn't toss your life savings
And Myth No. 3, well...that's the into the pot. Simply start out
biggest myth of all. Anyone at small and work your way up, as
all can invest in real estate, if you would with anything. Kiyosaki
they are willing to take those compares it to piloting an air
first important steps: Make sure plane. It's not something you
you have the capital by would consider doing if you had
increasing your wealth, which is never been in the cockpit. But
generally done by building a with time and lessons and
business system, and educate practice, it becomes something
yourself in the process of you can do with ease and
investing. confidence—something you can do
safely. But you must invest the
There's the rub. Most people are time to learn how.
simply not willing to take those
preliminary steps. They think What really is a risk, Kiyosaki
they are wasting time if they said, is neglecting to educate
yourself. When you neglect your without looking, but also the
financial education you are money you will never make if you
losing more money than you can choose not to leap at all.
imagine—not only the money you
invest if you choose to leap
About the Author:
Alex Anderson Helps Regular-People (Just Like You) To Successfully Invest In Real Estate. Enroll In Her FREE, Educational "Investment Property Program" At: www.GreatInvestmentProperty.com
Read more articles by:
Alex Anderson
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