Dec 28, 2022
New Year's Resolutions for Investors
January will bring new possibilities, which is why it’s also a good time to set new financial goals and make some changes. After all, you don’t want to keep making the same mistakes over and over again. Whether you’re just getting started or looking for more successful ways to invest your money and grow your wealth, you can take control of your finances in 2023.
Every little detail in daily life can make a big difference in success this year. Look at your investments and/or finances to see where you should devote your resources to achieve the greatest success. When you have identified where you want to focus, make sure you create a plan, act, and set reminders constantly.
“In my experience, in the real-estate business past success stories are generally not applicable to new situations. We must continually reinvent ourselves, responding to changing times with innovative new business models."
Akira Mori- Real Estate Developer
Successful Investors Do This.......
8 Areas to Tweak
- Set your goals and commit to them.
- Create an amazing morning routine that includes exercise or meditation and breakfast.
- Take an honest look at your finances and discard any bad habits. Ditch debt. Borrow smarter and do your research on any investment.
- Capitalize on your current knowledge and don't ever lose track of the basics. Know investing jargon.
- Aim to learn something new about the financial world. Attend webinars and conferences. Listen to podcasts and stay current on publications and market trends but don't obsess.
- Improve your risk management. Plan for the unexpected and be willing to take some losses. Have a long term investing strategy with a diversified portfolio.
- Make record keeping easy and streamlined by using new technologies. Hire an accountant or financial advisor.
- Don't forget to take advantage of tax breaks.
This is just a short list of the things that a truly successful investor does. Take a step back and think about your future, the goals you are trying to accomplish and in what time frame. Plan a strategic method, personalized to your individual needs and make a commitment to follow through with the steps it will take to get to financial freedom.
Happy 2023!
Kristen Burg
A Kansas City native, married, mother of two, and the office manager for Turnkey Property USA. Specializing in social media marketing, website design, CRM development, human resources and customer service. Loves live music, the food scene and traveling with family and friends.
A Kansas City native, married, mother of two, and the office manager for Turnkey Property USA. Specializing in social media marketing, website design, CRM development, human resources and customer service. Loves live music, the food scene and traveling with family and friends.
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