Realty411 Magazine The Future of Real Estate is Here | Page 42

Investing Secrets of the Rich! from Jason Hartman’s Financial Freedom Report rom corporate CEOs and entrepreneurs to sports icons and political figures, very wealthy indi- viduals invest for success. While your investing career may not have quite the scope of those multimillionaires, you can share in some of the investing strategies that they and their financial managers use to keep those mega- bucks coming. They Invest nationally Very wealthy investors cast a wide net, putting money into solid invest- ments in places far beyond their local area. They keep an eye on trends in emerging markets, often putting money into lesser known markets and enterprises under the radar of conven- tional investing wisdom. Investors in income property can use this strategy too, by taking Jason Hartman’s advice to diversify, looking beyond local markets for potential good deals. Investing in another city – or anoth- er country – creates a hedge against downturns in any one market. They Don’t Speculate Very wealthy investors stick with known quantities and stay away from hot new deals promising quick money. Although they have money to risk, they listen to smart financial advisors and keep their wealth in proven assets with a long track record of success, such as property, solid businesses and physical commodities. For income property investors, the same is true. House flipping and real estate schemes promising fast money don’t deliver for the long term. Creating an income stream that lasts calls for patience and perseverance backed by good financial advice and an investing strategy with clear goals. They Get Good Advice Rich investors have a plan and they look for good financial advice to help them implement it. Although they’re in charge of their investing decisions, they recognize the need for qualified money managers to execute those decisions. That’s good advice for the independent property investor – and one of Jason Hartman’s investing commandments. You don’t have to be a multimillionaire investor to learn about investing and locate the best advice you can afford. They Invest in Themselves Whether they’re the face of a corporation or a face on a billboard, ultra-wealthy investors invest in them- selves. They recognize that their image and their brand plays a role in their investing success and they put money toward developing and protecting that brand. And you don’t have to have that high a profile to recognize the impor- tance of seeing your investing career as a business, with a story and a personal brand all its own. That means investing in the right tools for managing your enterprise, from courses to computer software. And it also means creating and presenting a professional image when you’re conducting investing business, such as interviewing tenants. It’ often said that the rich are just like you and me. And while that’s not necessarily true in all ways, even the smallest income property investor can make good use of the investing “se- crets” of the ultra-wealthy. House flipping and real estate schemes promising fast money don’t deliver for the long term. Realty411Guide.com PAGE 42 • 2014 F They Invest in Solid Assets The ultra-rich are pretty conservative when it comes to investing. They sink their money into tangibles like property, precious metals and even art. Stocks and securities make up a surprisingly small part of their portfolios. The take- away for real estate investors: as Jason Hartman says, real estate is a vehicle for building long term wealth – a tangi- ble commodity that will be in demand as long as people need places to live. reWEALTHmag.com