New Invester, trying to overcome fear

[Zac Davis]

123

[Bill Gulley]

Zac, "all we have to fear, is fear itself" fear comes from a lack of education allowing more of the unknown to rule your thinking. 

You seem to be saying you really don't have money to lose! 

People don't really understand how banks operate, but experience and their understanding allows them to deposit their money into a checking or savings account, they understand their money is insured and safe. Not so in real estate or other areas of finance!

Go to my profile page and look on the right side for my blogs, read "How to develop a good BS Meter" that tells you why you need and education in the basics of real estate.

You will never paint a master piece with a paint by numbers set. 

What you need is confidence, lose the fear of the unknown to begin with. 

You need to ask "why" not "how", when you understand why, you will understand how.

You do eat an elephant one bite at a time, but no one wants to eat the whole elephant because there are parts of it you can't eat, you can't digest it all! If you try to eat the wrong parts of an elephant it will make you sick and you could die! Knowing why you need to eat what part will lead you to how you can eat it. 

Learn real estate before trying to learn how to deal in real estate. The basics are not hard to learn and it doesn't take that much time to grasp the understanding of why and how things are done.

Then you can select what area of real estate is best for you, but trying to do just one thing you'll be like the horse with blinders on passing by opportunities. 

Real estate is a social business, it's not like dealing with personal property widgets, you apply your knowledge to solve problems, not create them by inappropriate strategies that you try to make a situation fit into. 

After you understand the basics you will understand all the ideas posed in blogs, podcasts, how to books, step by step methods pushed on new investors, understand that these kinds of information is not an education, they are to enlighten you with ideas. Some are good ideas, many are bad ideas, only your BS Meter can help you.

Good luck :)