Making progress, not excuses.
I want to begin by saying that this is not directed to any one individual here on BP, as a matter of fact, this is one of the few communities out there that have so many people that are go getters and active in the business!
With that said, I can not believe the amount of people that ask me in my real life every day " How can I get started in investing and be full time like you are?" I never turn someone down that wants some sound advice, so I usually tell them to shoot me an email and give me a couple of times that would work for them to either come into my office or talk on the phone for about an hour. This is where the trouble begins for a lot of them.
I wish I had a nickle for every time I do not hear from them again for weeks, or they shoot me an email to set something up and they have to reschudule because "something came up". The first key to sucess in this business in my opinion is to take action in the right direction, RIGHT AWAY! Even if it is a small step and it only gets you thinking in the right direction to set up some goals for yourself.
Well, lets skip ahead to the ones that I do talk to, and they do set up a meeting with me. The next problem I encounter is all of the reasons why they cant do this business. I hear everything from they lack knowledge (of course I refer them to BP!) to they lack credit, or they do not have any cash to work with. These are all good reasons, but should they be enough to hold you back from your dreams?
I notice in the world of investing, most of us do not ever use our own cash or credit on deals, it is mostly the novice that is running to the bank with 20% down and a personal guarentee. So many people think that that is the only way to make it, and it is quite the oppisite. If you stick with the bank and down payment method, you will run out of cash and credit far quicker than the creative investor!
So in closing, do not let the past control your future. If you drive lookin in the rear view mirror, you will crash! Set goals, set up an action plan, and do not let ANYTHING stand in your way!!