You must have specific philosophies you adhere to to run any business and to keep yourself in-check and safe from a nervous breakdown.

Real estate is my main business, but my personal investment philosophy is to stay away from stocks and bonds and own the actual business.

I would ensure that you are completely set by having a great management philosophy and/or company and ensuring your insurance is set.

My biggest monthly expenditure has been shelter, so my philosophy was to cut that down to zero and then put the now freed money into better investments.

The apt buildings that I own don't have outside faucets, by design.A lot of the Sec 8 Bible philosophy is about removing items that are not required for the Sec 8 inspection.

Jesse, I think that's a totally reasonable philosophy.

Most tourists and expats go to Ambergris Caye when they are in Belize, the mainland is still fairly well under developed, not so on Ambergris Caye.I am investing on Ambergris and may be biased, but there is a reason why I decided to, and if you look into the growth drivers in the Belize tourism industry (20% growth 2009-2012 in all of Belize, 57% growth on the Island of Ambergris Caye) you will see some of the fastest growth rates in the Caribbean.So it all depends upon what your investment philosophy is, I buy for long term cash flow, back end appreciation is a secondary consideration, costs of land are low in Belize (even on Ambergris) relative to the nightly and weekly rental rates that are being attained in the market.During the recession Caribbean tourism dropped 20%, in Belize it dropped 1.8% and although sales volume declined, sales prices maintained.So I believe It is best to speak with people who actually have the data on a market and are also directly investing to get reliable information.If anyone would like me to send them the raw tourism numbers, just e-mail me, I'd be glad to.

My philosophy is invest where you know best.

My philosophy regarding success has always revolved around the idea of it being a result of teamwork.

I always treat my tenants and anyone I meet with the philosophy of James Mattis.