How to know if you have enough knowledge?

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Hey everyone,

I have been thinking a lot about something recently and I really wanted to get some insight and advice.

I along with so many other new investors have yet to do even one deal. Right now I’m in a position where I am trying to learn as much as I can (through BP, books, webinars, and trying to network) but I keep coming back to one main question.

How do I and other beginners know when we have enough knowledge to actually start taking action?

I feel like knowledge without action in pretty much useless but I’m really struggling with knowing when I have enough knowledge to begin. I think a lot of people use the excuse, “I don’t know enough to start investing.” While in some cases there is probably some truth to this, I know others just use it as an excuse to stay in their old ways.

I feel like I am letting this lack of knowledge (whether real or perceived) stop me from taking action and I know I have to get over it to be successful.

Anyone have any thoughts on this or experienced this yourself?