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Updated over 8 years ago on . Most recent reply

User Stats

23
Posts
8
Votes
Jonathan Weeks
  • Baton Rouge, LA
8
Votes |
23
Posts

What to do when you're approaching 'desperate'

Jonathan Weeks
  • Baton Rouge, LA
Posted

Hey!

I wanted to start this thread to get some insight as to what I should do about approaching that point that so many starting out do - The point when the fire to invest starts to dwindle as you approach information overload and start to reconsider investing at all.

It feels like a gun ready to be fired but without aim.

I certainly don't expect anyone to set aside time to mentor me or the like, as I'm sure for many successful investors, time is money (as it should be.) Though it would be nice to have some guidance. I guess I'm just reaching the point where I'm refusing to let myself get intimidated into quitting and just going for it. My biggest fear is yet again being paralyzed into doing nothing. I can't let it happen again.

To all of the investors here, at what point do you just prepare to earn your stripes in the event you can't find the guidance you need? Are there any new investors feeling this way as well? 

I'm not too proud to make mistakes or get embarrassed as I learn. My future is way more important right now. I'm desperate. 

Most Popular Reply

User Stats

55
Posts
13
Votes
Jeff Moore
  • Flipper/Rehabber
  • Vincentown, NJ
13
Votes |
55
Posts
Jeff Moore
  • Flipper/Rehabber
  • Vincentown, NJ
Replied

Buying your first investment house is a series of many many small steps that lead to having to take a huge educated leap. Be conservative with all your numbers including ARV. Finally lets say you do it and lose $10000. Is that the end of the world in the grand scheme of your life income. Probably not. Finally fast forward 10 years in your life, look back and consider the opportunity missed over the years and how you will be kicking yourself! This is what got me to pull the trigger

  • Jeff Moore
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