Please sit back for a moment, clear your mind, and think about why you decided to learn about tax liens, foreclosures or real estate investing. Why are you reading this right now? You should be able to tell me. After all, you are trading valuable time and life energy for what might be a crazy investing strategy.
You must have a reason. What motivates you?
It sounds funny to start off with a question, but it is important to understand your motivation. If your only desire is to make a lot of money, then don’t feel guilty. I just want you to realize that it’s probably not money that you seek. You are probably looking for something deeper. Something that you believe money will give you.
Perhaps you are looking for a safer investing strategy, higher returns, owning a business, retirement savings, or a combination of these strategies. Okay. That may be closer to the truth, but even that is not enough. Dig deeper and think about your true motivation. Do you have a burning desire to make a change in your life? Are you tired of looking at your paltry retirement savings? Do you feel like world events are out of your control?
Maybe, just maybe, it goes beyond sipping piña coladas in the Caribbean. Maybe you are fed up with the system. Maybe you’re angry. Maybe you’re ready to learn about tax liens, and real estate investing. Maybe you are ready to finally try it.
Consider this…
In human psychology there are essentially two motivators:
Of the two, avoiding pain is almost always stronger. In fact, it is roughly five times stronger as a motivator. Think about it. You want to buy a tax lien certificate, but it’s scary. You’ve never done it. You might make a mistake. That sounds like pain or fear of the unknown. On the other hand, safely earning higher returns might result in more money for a child’s education or a higher standard of living during retirement. That sounds like pleasure.
The question is can you turn the pain and fear around so that you are motivated in a positive way? The pain could be your current investing portfolio, your job, your lack of retirement income, your promises to yourself that you would save and earn a decent return, but you haven’t.
Could it be that pain is really you and your lack of motivation? Maybe it is time to “kick yourself in the proverbial you-know-what” and get going.
We want you to turn the pain factor to your advantage and get motivated right now! In fact, we want you to read each lesson, save the materials, ask us questions, and start on your new journey of tax lien, tax deed, and foreclosure investing.
So, before we get going too far, please answer a few questions so we can tailor your lessons:
Send your answers to: [email protected]
Finally, decide on how much money you can invest, how long you can tie up your money, and what kind of investment return you are expecting. Consider your financial goals for just a moment. Are you investing for retirement or a business? When will you need the money?
Example: Let’s say you have an extra $2,000, which is 10% of your investing portfolio, and you want to start by trying an online tax lien sale. In Arizona sales are conducted in February so start planning in January. Find out when the online sales start, how to get signed up, and how to bid. You’ve selected a portion of your investing portfolio to try out this strategy. You didn’t go all in and hope everything just worked out. This is a plan. This is a strategy that can get you past the initial fear. Follow the rest of these steps to find out how this plan will work.
Notice in the example above we suggest using only a portion of your investing portfolio. We would never recommend only one type of investment. Tax liens and tax deeds should only be a part of your investing portfolio.
Before skipping ahead, really think about your financial goals and make sure your goals align with your family plan. By all means, make sure you have support from your significant other or business partner(s). Take action now, answer my questions, and tomorrow we will start talking about where to invest, and why.
Happy Investing,
Gus and Mike
Authors/Investors | https://taxforeclosuresales.com/training/
