5 Tips On How You Can Boost Your Confidence As A Real Estate Investor

There are roughly about 75% of surveyed individuals that have said at a point in their lives that they’ve had an interest in starting up in real estate investing. However, for the ones that have actually started stands at every 1 out of 8 people, not including those that have already purchased their primary homes.

Recent studies have proven that women especially do not give themselves enough credit or find themselves worthy enough to start investing. Typically, 1 out of every 5 male between the age bracket of 18 years old to up to 34 year olds have actually reached out to a mentor in regards to financial and real estate investments. Compared to women within the same age bracket, the stats double to 1 out of every 10 women.

I thought to myself, why is this and more importantly, is there a way to help build women that are interested in investing in real estate to have more confidence in themselves? Because of these questions, I found a cycle that will help build up the confidence needed to succeed as a woman in the real estate field. The more we push ourselves to do something, the more understanding we become of the end goal and the process in turn we build an even stronger inner belief system. With these 5 tips, I’d like to show you how exactly you can boost your confidence to succeed as an investor learning the real estate field.

5 Tips To Boosting Your Confidence

1. 1. Think of yourself already as an investor!

Don’t worry, we already know that you may not consider yourself as an investor but truthfully you might already be one. Anyone that owns their own home, has an IRA, a 401k, a pension plan, or stocks and bonds, maybe even a regular savings account, then you can most definitely consider yourself an investor. However, if you have none of these then I would strongly suggest starting out by creating a savings or money market account with your bank. You can even use other clever tools and apps like Acorns; Acorns has the capability to tie your checking account and rounds up your expenses to the next dollar while investing your change into stocks. How cool is that?

1. 2. Remember, you know more than you give yourself credit for!

Women in particular have a good set of instincts and are usually very in tune with their ‘gut feelings’ about what is happening around them. Whether the situation is good or bad, we want to encourage you to keep trusting that feeling. It will definitely come in hand when you’re starting to invest in real estate.

1. 3. Don’t wait for another sign to pass by.. START TAKING ACTION NOW!

What has already happened is already over. Many women tend to think, “Oh, I can’t invest now because I just don’t have the money.” Cut that thought down and start small. Investing $50 a month in a regular investment like your savings account, money market, or use Acorns (available on GooglePlay or the App Store). You can even take a portion of those lump sum payments (like your income tax returns, stimulus checks, or even bonuses from work) and invest a portion into your investment account.

When it comes to investing in real estate, you always want to start with something low risk, like wholesaling, before just deep diving into the more riskier strategies like buy & hold or fix & flips. If you can push through the initial fear of starting something new I strongly suggest taking action now! This action will cause a domino effect on your energy and confidence by steering you into the right direction while opening your mindset to the new opportunities that lie ahead.

1. 4. Understand the value behind financial advice and having a mentor -

It’s important to always work on your belief system and when focusing on the cost of these benefits, it quickly becomes off putting. In accounting, there’s a term called “opportunity cost” that means that whatever loss of potential gain from one’s listed alternatives when only one alternative is picked. In short, what is it costing you to stay in the same exact place you are in now? This is something every woman should think of especially since that is the exact reason a lot of people stay in the same place throughout their life.

1. 5. Know Your Long Term Schedule!

Investing in real estate is not a quick short cut to making money, it is better compared to as a marathon. You have to remember you are creating a strategy and a new way of handling your own finances. You are just beginning to believe in the new possibilities. You have to remain true to your goals and always remember to check back to the reason(s) why you want to achieve your goals and to keep trusting that gut feeling.

After all, confidence can only show where action is taken. It will forever remain, action must be taken first before the confidence can act, never the other way around.