Find out what you are passionate about and do it

I was recently asked to speak on an expert panel at the Equity Trust National Conference on IRA investing. The four person panel was asked to discuss various IRA investing strategies that help people create wealth in their IRA. Of the four of us on the panel, Real Estate, Tax Liens, Mobile Homes, and Private Lending was accounted for. Whenever I addressed the audience I remained steadfast in my stance of only making investments in something you are passionate about.

Think of that last sentence. ONLY make investments in something you are passionate about. I will give you a personal example. I love many aspects of real estate but buying-fixing and flipping is just not what interests me. I struggle with contractors, thinking of repairs and the many layers of the transaction, yet many people make a TON of money investing that way. They make that money in the long run because they are passionate about those aspects of real estate. Now, on the other hand, I am an analyst at heart, so I love digging into amortization calculators and spreadsheets, forecasts, and everything to do with private mortgage paper. So naturally I focus my attention on all aspects of land contracts and investment vehicles for investors to make those investments in their retirement. It's my passion that makes me successful! So much so that because I only invest in things I am passionate about I have a few financial process patents being finalized and have received some amazing feedback.

I don't say this story to toot my own horn. I share this because as you grow in this world of hundreds of investment ideas and models you have to look beyond what people talk about as the most profitable ways to make money. Focus on what you are passionate about and the money will follow

 Kevin Kaczmarek is the founder of Capital Blueprints, LLC an IRA education and investment company in Carmel, IN. Recognized as an innovative thinker, teacher and business leader Kevin helps others achieve their financial goals with Self Directed IRA Investments, and Passive Income Strategies. Kevin can be reached at [email protected] or 317-564-4820