The Psychology Behind Real Estate Investing Risks: Do you have what it takes?
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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 mortgage crisis. Could you handle the pressure of a collapse of the housing market, or would it mark the end of your real estate investment journey?
Although real estate can be intimidating for beginners, you can start your journey with a few easy methods.
Conquer Your Loss Aversion
Do Not Fear Credit
Do Your Research
Do your homework before you invest in real estate property, but don't get overcome with analysis paralysis.
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"Rich Dad, Poor Dad" is Fiction
John T. Reed, a real estate investor, looked into the accuracy of Kiyosaki's best-selling book and found it inaccurate:
"Rich Dad, Poor Dad" contains dangerous advice
According to John T. Reed the famous book is filled with bad advice:
Kiyosaki is making money from a personality cult
Many critics pointed out that Kiyosaki is selling a cult, not financial advice.
He is accused of tapping into the fantasies of the masses & being short on specifics, both attributes of religious cults.