Some Xmas Ideas
If you are looking for suggestions for Christmas presents, and in particular books that could help your investing mindset and strategy planning, then I have a few recommendations below, with the help of full time property investor, Angela Bryant.
As Angela states, "It is important to be conscious of the daily diet of information we take in and maintain some control over this. Reading and listening to audios that are positive, powerful and useful is a great antidote to negativity and has always been important to me.
I hope you too will enjoy further reading some of the works referred to in this book. If the news is getting you down, you might like to balance your thoughts by reading Think and Grow Rich for example, a timeless classic which holds many great truths and wisdom; or the now classic Rich Dad, Poor Dad and others by Robert Kiyosaki.
I am not suggesting that positivity is any substitute for robust thinking - it should help you to stay on track, not lead you off-track. It is important to recognise the difference!
Nor am I suggesting that we should bury our heads in the sand about the current state of affairs. Clearly it is wise to be aware of the latest news. It is important though, against the often relentless negativity of daily 'news', to maintain a balanced outlook.
Beware the trap of spending thousands on the newest techniques and 'tricks' when it comes to your property education. The truth, as Jim Rohn says, is not new but timeless. The Richest Man in Babylon here springs to mind!
In Multiple Streams of Income, Robert Allen One explains how anyone can grow great wealth using the power of compounding small sums of money over a long period, which is one of the most important foundational principles of wealth. To understand this is to know there is no need for the impatience of the hare. In The Automatic Millionaire, David Bach brilliantly describes 'the latte factor' - how small savings can add up to a fortune. There is even a latte factor calculator!
The Millionaire Next Door by Thomas Stanley and William Danko was another key read for me in the early days of my quest for wealth. The book brought it home to me that millionaires are not on the whole the flashy, celebrity types or even top earners that we might expect, but are often simply 'prolific accumulators of wealth' - the key being that they have a deep understanding and respect for the fundamentals of wealth accumulation.
Growing wealth is an escalating process which grows exponentially and becomes easier once the power of momentum kicks in, as described brilliantly by Darren Hardy in The Compound Effect. The most difficult part is to make that first small but well formed snowball. If you can do that, then you can let it roll."
I began investing in property in 1995 and have built a portfolio with my husband Dave of more than 70 properties to date, worth over £10 million, with more than £2 million in equity and released cash. Property is our main source of income.
Neither of us previously had a high income or any other special advantages, yet through property investing we have become financially free.
"Most people overestimate what they can accomplish in a year - and underestimate what they can achieve in a decade!" - Anthony Robbins
If you stop to think what you were like ten years ago, I am sure you will agree that you are now very different from the person you were then. Whether or not you feel you have made as much progress as you would like over the last decade, now is the time to resolve that you WILL achieve your aims and goals for a brighter future starting today and it is my aim through this book to help you."
Article Courtesy of Alan Forsyth @ Property Investment Deals
