What's One Investing Habit You Wish You Had Started Earlier?

Question

Looking back, what's one routine or practice that has made the biggest difference in your investing journey?

Chris Seveney · Answer

putting small bits of money away when younger. You never notice it when doing it weekly etc. and most people spend what they have, so putting more aside intentionally when I was younger I would say would be the biggest thing, and invest it and let it sit.  not try and overthink and also manage it like a day trader or have a knee jerk reaction.

David Krulac · Answer

I've bought and sold over 1,000 properties for my own inventory.  I've said it before, if I did start over I would buy fewer properties but better quality properties.  And I would not waste my time on low value property, with low returns. Cheaper properties are not necessarily better properties.  Value is the determining factor not cheapness.

Denise Supplee · Answer

Looking back, I wish I had started passive investing sooner. I spent many years owning and managing rental properties, and while I learned so much, I also learned how much time and energy they require. Today, I enjoy being able to diversify across different deals and operators without the day-to-day responsibilities. It's been a great fit for me.

Stacy Raskin · Answer

I agree with Chris. I think when younger it's easier to think that an investor needs a lot of money to invest but it all adds up over time- especially the younger one is when they start or the more time they have to invest- the money invested adds up over time and if in in the stock market, the returns have been net positive when looked at over the past hundred years and have outpaced inflation. That's more of the investing in the stock market angle as far as having small amounts of money compound and grow over time.

From a real estate angle, I would say to get real world experience and when possible talk with investors who are more experienced and professionals that are experienced in their specialized field whether a real estate agent, mortgage broker, etc. Investing earlier in life can be helpful but with the right investments real estate can make a significant difference in an investor's net worth even if the person starts later in life. The ability to buy a property with a down payment is incredibly useful as I know investors who started with one property and with the equity were able to cash out and buy more properties and expand their portfolio. Not the only way to buy more properties but the ability to buy investment properties with just paying a fraction of the sales price and financing the rest is very useful and helpful for personal and generational wealth building.

What's One Investing Habit You Wish You Had Started Earlier?

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