"The wealthy are trolling for bargains," snipes Blanche Evans of RealtyTimes.com. Evans' comments betray a limiting viewpoint common to working-class Americans. Many people believe that investing - whether in business, stocks, or real estate - is only for those who are already wealthy. In reality, investing is the easiest way to grow wealthy, and the reason that wealthy investors are "trolling for bargains" is because they are aware of this fact and are eager to take advantage of the phenomenal opportunity created by the current housing situation.Limited viewpoints cause people to exclude themselves from investment opportunities - and therefore the opportunity to be financially free - before they even try. Further supporting this picture are the results of a University of Michigan study on consumer sentiment, reported on by RealtyTimes.com's Kenneth R. Harney. While the study found that people do see opportunities in the declining real estate market, it also showed that people are too worried about losing their jobs as a result of a recession to take action on those investment opportunities. They have taken themselves out of the game before they even step on the field!
T. Harv Ecker, author of Secrets of the Millionaire Mind and founder of Peak Potentials training, teaches that beliefs like "investing is only for rich people" and "investments are too risky" are what hold working-class citizens back from reaching their full financial potential. Real Estate is known to be the most solid long-term investment one can make, and can be quite reliable as a short-term investment if one has educated oneself to make smart decisions. Peak Potentials offers several courses on investment that will be beneficial to poor, middle-class, and rich people alike; Peak Potentials training comes highly recommended by this blogger, whose viewpoint, drive, confidence, and general level of happiness were all radically improved after attending the Millionaire Mind Intensive 3-day seminar. To get a glimpse of what the seminar is like, take a look at the free online teleseminar!
Other Resources:
Investment training & resources from http://www.mikewatsoninvesting.com/
How to Buy Stocks from http://www.ehow.com/
Investing in Real Estate from moneycentral.msn.com
Your Financial Health from http://www.brookestephans.com/
Try buying stocks online through www.sharebuilder.com/
T. Harv Ecker's Rich Life Club (membership fee)
Articles used in this post:
http://realtytimes.com/rtpages/20080417_realtyviewpoint.htm http://realtytimes.com/rtpages/20080417_realestateoutlook.htm http://www.realestateabc.com/insights/roi.htm
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