22:51
Faizan
Changing Times Require Changing Solutions
Fast and Easy Money Making
Be skeptical of promises that offer the opportunity to make easy, fast money; but, making money over time, based on compounding interest and sound investing principles, should be seriously considered. Savvy investing can make you rich; just saving your money probably won't.
Using Promissory Notes Intelligently
The novice investor, and the investor new to promissory note investing, should base their understanding and learning on simple principles, not on complex rules and formulas. One basic principle is: if making money with promissory notes was quick and easy, everyone would already be doing it. As in all worthwhile callings, education, training and experience are required to become successful.
Getting educated and trained requires work and time; most people are unwilling to do what is necessary. That creates opportunities for those who have done what is necessary to be prepared; they have a larger selection of investing opportunities, plus they have the know-how to do it right.
Start at the Beginning-Start With Yourself
Before jumping into the investing process, start by understanding your own capabilities, assets and liabilities. Write answers to the following questions:
Have I written my own investing goals?
Are my investing goals realistic?
Do I know my current financial situation-assets, liabilities and income?
Have I evaluated my emotional tolerance for risk?
Have I evaluated my financial tolerance for risk?
Have I determined how much time I can devote to investing activities?
Have I become knowledgeable about the basic terms and functions of promissory notes?
Have I become knowledgeable about the basic terms and functions of mortgages?
These questions should be analyzed and addressed openly, honestly and thoroughly before moving forward. They form an investing foundation upon which you will build. If you fail to build a solid foundation your investing success may become wobbly. Take the necessary time to think about the answers, talk to trusted family and friends, and recognize investing is a work in process; it can and should be modified and adjusted as you move forward.
As a novice promissory and mortgage note investor, do not expect transactions to be clear and obvious; be alert for subtle hints of problems; keep your guard up. When evaluating investment opportunities weigh and balance the pluses and minuses that each opportunity presents. You will not find the perfect investment opportunity.
Get Acquainted with the Investment
Approach each investment opportunity as though you are meeting a new person. Get acquainted with it; ask questions; understand it; step back and look at its positives and its negatives. After becoming familiar with it see if it will fit into your investment plan, and into your risk tolerance bracket. Ask these questions before you make an investing decision:
Is the amount to be invested too large or too small to fit my investing plan?
Is this investment going to generate the rate of return or yield that fits my investing plan?
Is this investment going to present too much risk?
Am I comfortable with the individuals connected with the investment?
Is the duration of the investment too long or too short?
Is this an investment requiring more of my time than is available?
Savvy Promissory Note and Mortgage Note Investing Summary
It becomes obvious, based on the thoughts and answers given to the above outlined questions, that shrewd investing can be learned; it is not a "natural gift"; it is a function of education and training.
The best person to handle your money is you---if you're properly guided and trained.
As you think about gradually evolving from a novice to and experienced investor, it is clear you will need some professional guidance and advice in the beginning. Making unnecessary, costly mistakes can be avoided by paying for professional help. Don't be penny wise and dollar foolish by not paying an expert for help; your errors may cost you dearly. Just assume that getting help when you need it is like paying an insurance premium to protect you from a devastating loss.
In promissory note and mortgage note investing, understanding is more important than information. Investing without understanding is like playing poker without looking at the cards.
Lawrence (Larry) Tepper specializes in the valuation and appraisal of promissory and mortgage notes, and other cash-flow financial instruments nationally. Nation-wide services for banks, trust companies, self-directed IRA accounts, estates, attorneys, CPAs, and individual investors.
Consulting Services-Free Appraisal Price Quotes
EDUCATION AND TRAINING
Law Degree /Accounting Minor University of Denver
Managing Colorado Real Estate Broker-- Promissory Notes Specialization
Certified Commercial Investment Member from the National Assoc. Realtors (CCIM)
PRACTICAL EXPERIENCE
35 + years of national promissory note and mortgage note appraisal and valuation for Banks, Trust Companies, Attorneys, CPA's, Estates, Trusts, Executors, Administrators, and Financial Advisors.
Fast and Easy Money Making
Be skeptical of promises that offer the opportunity to make easy, fast money; but, making money over time, based on compounding interest and sound investing principles, should be seriously considered. Savvy investing can make you rich; just saving your money probably won't.
Using Promissory Notes Intelligently
The novice investor, and the investor new to promissory note investing, should base their understanding and learning on simple principles, not on complex rules and formulas. One basic principle is: if making money with promissory notes was quick and easy, everyone would already be doing it. As in all worthwhile callings, education, training and experience are required to become successful.
Getting educated and trained requires work and time; most people are unwilling to do what is necessary. That creates opportunities for those who have done what is necessary to be prepared; they have a larger selection of investing opportunities, plus they have the know-how to do it right.
Start at the Beginning-Start With Yourself
Before jumping into the investing process, start by understanding your own capabilities, assets and liabilities. Write answers to the following questions:
Have I written my own investing goals?
Are my investing goals realistic?
Do I know my current financial situation-assets, liabilities and income?
Have I evaluated my emotional tolerance for risk?
Have I evaluated my financial tolerance for risk?
Have I determined how much time I can devote to investing activities?
Have I become knowledgeable about the basic terms and functions of promissory notes?
Have I become knowledgeable about the basic terms and functions of mortgages?
These questions should be analyzed and addressed openly, honestly and thoroughly before moving forward. They form an investing foundation upon which you will build. If you fail to build a solid foundation your investing success may become wobbly. Take the necessary time to think about the answers, talk to trusted family and friends, and recognize investing is a work in process; it can and should be modified and adjusted as you move forward.
As a novice promissory and mortgage note investor, do not expect transactions to be clear and obvious; be alert for subtle hints of problems; keep your guard up. When evaluating investment opportunities weigh and balance the pluses and minuses that each opportunity presents. You will not find the perfect investment opportunity.
Get Acquainted with the Investment
Approach each investment opportunity as though you are meeting a new person. Get acquainted with it; ask questions; understand it; step back and look at its positives and its negatives. After becoming familiar with it see if it will fit into your investment plan, and into your risk tolerance bracket. Ask these questions before you make an investing decision:
Is the amount to be invested too large or too small to fit my investing plan?
Is this investment going to generate the rate of return or yield that fits my investing plan?
Is this investment going to present too much risk?
Am I comfortable with the individuals connected with the investment?
Is the duration of the investment too long or too short?
Is this an investment requiring more of my time than is available?
Savvy Promissory Note and Mortgage Note Investing Summary
It becomes obvious, based on the thoughts and answers given to the above outlined questions, that shrewd investing can be learned; it is not a "natural gift"; it is a function of education and training.
The best person to handle your money is you---if you're properly guided and trained.
As you think about gradually evolving from a novice to and experienced investor, it is clear you will need some professional guidance and advice in the beginning. Making unnecessary, costly mistakes can be avoided by paying for professional help. Don't be penny wise and dollar foolish by not paying an expert for help; your errors may cost you dearly. Just assume that getting help when you need it is like paying an insurance premium to protect you from a devastating loss.
In promissory note and mortgage note investing, understanding is more important than information. Investing without understanding is like playing poker without looking at the cards.
Lawrence (Larry) Tepper specializes in the valuation and appraisal of promissory and mortgage notes, and other cash-flow financial instruments nationally. Nation-wide services for banks, trust companies, self-directed IRA accounts, estates, attorneys, CPAs, and individual investors.
Consulting Services-Free Appraisal Price Quotes
EDUCATION AND TRAINING
Law Degree /Accounting Minor University of Denver
Managing Colorado Real Estate Broker-- Promissory Notes Specialization
Certified Commercial Investment Member from the National Assoc. Realtors (CCIM)
PRACTICAL EXPERIENCE
35 + years of national promissory note and mortgage note appraisal and valuation for Banks, Trust Companies, Attorneys, CPA's, Estates, Trusts, Executors, Administrators, and Financial Advisors.
