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Real Estate Investing Success Through Weighing Oppurtunity Costs
One of the main reasons that people fail at any endeavor in life is that they fear failure, or fear the unknown. So many times new investors would rather live with a known bad situation, than put there neck out for an unknown outcome. Including outcomes that more often then not will end up better than where they are currently at in life.One of my favorite, yet most saddening quotes is by Henry Thoreau "Most men lead lives of quiet desperation and go to the grave with the song still in them". Don't be one of those men or women. Instead live the life of this other Thoreau quote "I have learned, that if one advances confidently in the direction of his dreams, and endeavors to live the life he has imagined, he will meet with a success unexpected in common hours"One of the tools that I have used to get beyond the ordinary, small life of quiet desperation is weighing my opportunity cost. Failing to weigh the opportunity cost of not doing, can leave you living your life like a paper weight. Opportunity cost is the cost of what you are doing compared to what you could be doing. Example: ... more

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