4 High-Level Property Investing Mistakes People Make

Published: April 14, 2020, 9 p.m.

b"https://www.youtube.com/watch?v=ywjJldWub2k\\n\\n\\n\\n\\n\\n\\n\\n\\nThere are some really big problems with the way most people invest and I've definitely made these problems myself. If you can avoid these big problems then you can lower your risk and achieve success faster.\\n\\n\\n\\nBook a Free Strategy Session\\n\\n\\n\\n1:10 - 1. Having No Investment Strategy At All6:09 - 2. Bad Timing In The Market10:29 - 3. Bad Cash Flow14:23 - 4. Not Doing Anything To Increase The Productivity Of Your Asset\\n\\n\\n\\nRecommended Videos:\\n\\n\\n\\nHow To Invest In Property During a Recession\\n\\n\\n\\nRay Dalio's Video on Debt Cycles\\n\\n\\n\\nTranscription:\\n\\n\\n\\nRyan 0:00There's some really big problems with the way most people invest. And you may be making these problems yourself, because I know that I've definitely made these problems in the past. But if you can avoid these, then you can really help to set yourself up for success in the future, and achieve your goals faster. So in this video, we're going to talk about these big four problems, and how you can avoid them in your life and how you can do better than I did in the past. So Hi, I'm Ryan from OnProperty, helping you achieve financial freedom. And with everything that's happening in the world at the moment, people can get so focused on certain aspects of things that they just forget about everything else. One example, people get so focused, and I've definitely done this, she gets so focused on the economy, and what's the global economy doing in the local economy going to be doing that you actually forget about your own personal economy? And what am I doing to actually improve my own personal economy? That's a huge mistake that I made. But let's get into it these four big mistakes. So the first one is having a bad strategy, or in most people's cases, it's just actually having no strategy at all. So no end point. So a lot of us think about investing and they just think about, I want to make heaps of money. Yeah, I want to make money. Let it rain, baby. And look, I have done this in the past, and often going into new business ventures that can sometimes be like this investing in cryptocurrency, I lost money thinking like this. And this one, I think, is probably the biggest mistake. Because if you don't have a long term strategy, it's very hard to actually get to where you want to go. And we get so swayed by people call it shiny object syndrome, where you're like, Oh, this new fancy strategy. And then you do that for a little bit. And you're like, Oh, this fancy strategy. And it's about getting good at something and just rinsing and repeating it, that really allows you to lower your risk and increase your chances of return as you build up your skills in that area. But if you have no strategy and no destination, then you have no way to objectively look at these potential investments, and whether or not actually going to get you to where you want to go, and whether or not they'll line up with your timeline and line up with your risk profile. So for me, I guess in my own strategy, I've got both the short term, which for me is business. And then I've got the long term, which for me is property. And so looking at the goals and looking at the short term, how much money I want to make through my business, I look at the investments that I make there in terms of content creation article writing the money that I invest, and think about what is the return going to be on that? What is the risk like, and then I track that on a short term basis. But I really have some short term goals there, as well as longer term goals for that as well. But then if I look at long term in my life, I want to invest in property to achieve long term success. And for me, that is 15 to 20 years down the track, I'm in my early 30s. Now, so you're looking at late 40s, early 50s, where I want to be completely financially free through my property investments. And what I want to do is actually invest in a way that is mostly passive. So in the beginning,"