3 Study Skills You Can Take From School And Apply To Investing
When discussing investment skills often times it will be most suggested that you turn to more experienced individuals for advice. For instance people, who have been playing the markets, diversifying their holdings, specialize in the type of investing your considering. While this is all good advice, you may be overlooking one specific set of skills that you need to be a successful investor. And you may even more surprised to find out that these skills are something you’ve already learned in high school and college. These important skills are simply basic studies skills that form the core of good investment practices. This includes doing your research, taking notes, and staying organized.
As you head into the year 2017, start getting your financial resolutions in order with Steve's 3 study strategies and see how you can transform your investment practices.
The most important part in doing your research is learning how to read smarter. While it's important to read books about real estate investment, reading a book is simply not enough. Rather you need to learn how to read more effectively if you want to research to benefit you. For example, when you go to read a book or article you need to ask yourself the question “What am I trying to learn by reading this?” Based on that goal, you'll read and analyze the text and determine what valuable information it contains. Don't forget, not everything you read about investing is true. So, it's up to you to find the Real Link of truth between reading, interpreting, and applying what you learned to filter out misinformation.
Getting and staying organized is key when it comes to keeping track of your investment information. Your order system can be customized to your personal preferences. But, you do need to stay organized at all times. Because just like in school, disorganization will cause you to fall behind in misplace important information. Which can lead to you missing out on your big financial break. In order to help you start, it's a good idea determine whether you prefer to have a paper or digital resource-based system. Then, create folders on your computer or file them in a box for reference. By clearly sorting and labeling what you've researched, it'll make it easier for you to process your information and help lead you to a smarter investment decision.
Also, in addition to staying organized with our information, you’ll also want to have a clear schedule that you use to follow up on investment opportunities. You can do this by creating a timeline or a weekly schedule that designates what tasks need to be completed, and block out the allotted amount of time. As you know, making time is the Real Link to making money.
Finally, the last skill you can take from your high school and college days is learning how to clear up communication. This day and age communication is key. Whether you are working with a financial advisor, or simply asking a friend for advice. They need to clearly understand your investment intentions and goals. That way you're able to interpret and respond to the information they give you in return, and ask the appropriate follow-up questions.
So now, you can know longer say that your high school or college education has done you no good in your pursuit of real estate. In fact, by learning those 3 simple skills during that time it literally can now make all the difference between you being just another average Joe or a real estate tycoon.