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4 Ways to Be a Better Networker (Even If You're an Introvert!) | Blog
Find the result ratio and improve it
If you reach out to 50 people on email and only one real connection happens in your networking, it is worth the effort, and the learning.
You can fine-tune your ways to get better results as you progress.
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6
Key Ideas
Make friends, not contacts
Friends do business with friends.
By no means is this a suggestion to go be one of those social climbers who pretends to make friends in the name of getting to the top. It's more ab...
Listening
One of the best networking hacks in the world.
People with knowledge tend to hold back what they know under the presumption that you aren't really interested in what they have to say. But if you listen and show not only your interest but your appreciation, they will share. They will share everything they know, and then some. So not only is this a learning opportunity for you, but it becomes one of the fastest ways to make friends and build an incredible network.
Ask for an introduction
Everybody knows someone. If you want to meet someone in particular, ask the people you know if they know anyone who knows the person--and then ask them to make an introduction.
At the end of the day, a warm lead is always better than a cold lead. If you can get in the door with some sort of referral, that will always be better than a cold email or phone call.
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Key Ideas
Investing
... is the trading of your money today for a lot more money in the future. It is a high yield over the long term.
What happens to your money
Banks don’t like to give away their money. That mindset is reflected in the interest rates of checking and savings accounts of 0,5% and 0.9% avg. annual interest respectively.
When you deposit your money in the bank, the bank turns around and invests that money at 7% a year or more. After they collect their profit, they give a tiny shaving of it to you.
Portfolio and Diversification
- Your portfolio reflects your long-term wealth building investment strategy – not the short term. It includes everything you own. Your retirement accounts, your investment accounts, even your home are types of investments.
- Diversification is a way to describe owning multiple types of investment assets. Diversification is smart because you both protect yourself from failure and position yourself to take advantage of multiple robust methods for building wealth.
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Key Ideas
Real Estate Investment
Real estate is filled with wins and losses. It is not a guaranteed profit game.
Before you make your first investment, consider if you are ready to risk facing something like a subprime m...
Beginner Investment
Although real estate can be intimidating for beginners, you can start your journey with a few easy methods.
- Real Estate Investment Trusts: REITs enable you to buy shares in a company that works with income-producing real estate and earns high dividends.
- House Hacking: It involves buying a property with multiple living units where you live in one and rent out the rest for income that can pay off the mortgage or pay for maintenance.
- House Flipping: Buying cheap, underpriced homes, making renovations with as little as possible, and reselling it in the market for profit.
Risks Involved
- The Unpredictability of The Market: There is never a guarantee that you will make a profit when you make a sale.
- Credit Risk: When investing using leverage, the bank owns the property until you have paid the loan in full. If you are unable to pay your installments on time, you risk facing foreclosure.
- Depreciation: Generally, real estate property will increase in value, but it is not guaranteed.
- Negative Cash Flow: It is the result of a low occupancy rate due to bad tenants that cause destruction or irregular payments. Property with hidden structural problems could also cause problems.
- Liquidity Risk: If you need cash quickly, you cannot rely on the money you invested in property. Real estate is a long-term investment.