{"id":74524,"date":"2019-01-25T05:00:33","date_gmt":"2019-01-25T12:00:33","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=74524"},"modified":"2024-02-23T16:21:36","modified_gmt":"2024-02-23T23:21:36","slug":"2015-08-19-simple-habit-wealthy-people","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2015-08-19-simple-habit-wealthy-people","title":{"rendered":"One Simple Habit the Vast Majority of Wealthy People Practice Every Single Day"},"content":{"rendered":"
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\u201cThe only thing worse than not reading a book in the last ninety days is not reading a book in the last ninety days and thinking that it doesn’t matter\u201d \u2014Jim Rohn<\/p>\n<\/blockquote>\n

To be successful in real estate investing, you have to take the right actions. A wrong turn could put you back years and cost you a lot of money. There are two ways of learning what works and what doesn\u2019t. You can learn from some one else\u2019s mistakes, or you can make them yourself.<\/span><\/p>\n

If you want to do anything great, chances are someone has already done it. They\u2019ve also made a lot of the same mistakes you\u2019re likely to make. There\u2019s this funny thing about successful people. They love talking about how they did it: writing books, blogging and giving speeches. <\/span><\/p>\n

Think about this for a minute. If you read a book of distilled lessons from an investor with 30\u00a0years’ experience, have you not gained 30\u00a0years of knowledge? How long would it take you to gain that knowledge yourself?<\/span><\/p>\n

\"hire-CPA\"<\/p>\n

Related:<\/strong> Income Inequality: Are the Wealthy Superior People or is the System Unfair?<\/a><\/em><\/p>\n

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\u201cIf you listen to instructional CDs as you drive each year, it would be the equivalent of two semesters of an advanced degree in college.\u201d \u2014Brian Tracy<\/span><\/p>\n<\/blockquote>\n

What would happen if you read two investing or business books a month starting now? In a year you would have read 24\u00a0books. If each book distilled just 10 years of the author’s investing experience, you would now have 240\u00a0years’ of knowledge. In just four years, you would have gained over 1,000\u00a0years. How much time and money do you think that will save you? A book costs $15. BiggerPockets is free. What is the cost of making a real estate mistake?<\/span><\/p>\n

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\u201cRead 500 pages like this every day. That\u2019s how knowledge works. It builds up like compound interest. All of you can do it, but I guarantee not many of you will do it.\u201d — Warren Buffett<\/span><\/p>\n<\/blockquote>\n

Let\u2019s Look at a Few Statistics<\/span><\/h2>\n