3 EASY STEPS SUCCESSFUL INVESTOR बन्ने के (HINDI) - BOOK SUMMARY - YouTube

Hello Friends, Real Estate Investor Millionaire

Garry Keller says that you can do 4 things with your money

First either you can kill your money

Second you can keep it safe, third

you can make your money healthy and fourth

with the help of that money you can create more money

Amongst these 4 categories

maximum people do the first one meaning they kill their money

before it grew up, Example

after getting their salary, people start spending it,

They start buying many things, some important and most not so important things

and few even save some money

in bank, but saving money in bank is similar to killing money for many people, because

suppose if you get interest of your money around 4 to 5 percent

then it will be around inflation rate only and as i shared

in my intelligent investor video, due to inflation money values gets decreases every year usually

hence thinking money will be safe inside bank or hiding money and keeping inside the house

or as per consumer mentality spending money on liabilities is not a good decision

but its similar to killing money

and some people come under second category

means they keep their money safe, like they do fixed deposit and all

where they get around 5 to 8 percent interest on yearly bases,

and if that return is less compare to inflation rate

then you will save your money in that year

3rd category which is done by less people, by making their money healthy

where their money increases 9 to 12 percent at the end of the year

which is well above inflation

and 4th category which is done very few people

and do remember this few people are the ones who becomes millionaire

they able to do it by keeping their money under wealth category

meaning they invest their money in such a place

where at the end of the year they get 13 to 20 percent interest in returns

They are the actual investors

and even your aim should be to come under investor category

by doing this 4th thing with your money

if a question is arising in your mind, like for investment money is required

and i don' have enough money from where i will get money etc,

so the answer for this i have given in my how to save money and get rich video

which you can see by clicking on screen or by going below the description link

for now, the short answer for this could be

every self made person starts from somewhere

at start even they face the problem of having less money they earn less

but the thing which make them rich and successful is their mentality

because people who have the capability to become rich has the investor mentality

meaning whatever they earn they save it and later invest it

whereas people having consumer mentality spend everything

just by thinking that they earn less & they will never able to save a lot of money which is needed for investment

And this kind of thinking is the biggest problem and best answer

for this question i have given in my video how to save and get rich

and many more information and knowledge author has shared in his book

Let's talk about the 4th category

and the best way to get into 4th Category is Doing Real Estate investment

see land is something even a big company's can never manufacture in their factories

earth and land is limited and it will going to remain same hopefully

whereas on the other side human population and their dependability on land

has exponentially increaing

so if you think as per simple supply and demand perspective

then you will realise how important real estate is

Trust me By doing an investment in real estate many people have become millionaire

and still many are becoming, so why can't you?

Author says anyone can become real estate millionaire, but everyone will not do it

so the very first question is, do you really want to get into the list of real estate millionaire

if yes then trust me this book will and can surely help you

in real estate world, many people count this book as a bible in investment

so let's start with author's story

At the start of his career, at the time of vacation

at that time gary was staying in an apartment with his wife

this building was very close to a beach

so gary and his wife decided to go to that beach in the evening

when gary was going down in an elevator one man get into that lift

this man was a real estate dealer

and author was a real estate investor, so at that time

that dealer told author about one apartment of that same building where he was staying

he said that apartment which is on sale is on cheapest price he said rate is very low

and he should buy it as soon as he can,

author has idea about values and prices because he was very much involved in real estate

so even he find that deal interesting

so author told that man, that he will call him and also took his business card

after vacation got over, he returned to his home

after few days he remembered about that deal, so he discussed with his wife

so after discussion he decided that yes he will crack that deal because its beneficial

so he searched that dealers card and called him

when author asked that dealer about that deal, listening to author that dealer started launghing

as i told you earlier that it was the best deal

you must have taken it at that time only

that apartment got sold the next day i told you

and that owner of that apartment and has cracked a deal with another person with 100 k profit margin

listening to it author felt really very bad, because by not taking that deal author faced loss of 1 lack dollar

with this bad experience author has learned various thing from various real estate people

which helped him a lot and made him a real estate millionaire

AMONGST VARIOUS THINGS, the very first thing which he learned in his career is known as CTN

The Dynamic Trio Of Investing

after listening about investing many people feel overwhelmed

like what to buy ?how to buy? whether the decision property will be right or not etc,

similarly many such questions start arising in our minds which creates doubt

even for author's loss that doubt was the biggest reason

which didn't allow author to buy that deal immediately

so the solution for this problem is to focus on CTN

By focusing on CTN, It kill all doubts and focus on Action

hence before investment you need to understand it properly

Under CTN, C stands for Criteria

and this is the first thing you need to be focused on meaning you will create some criteria's for yourself

meaning which location property you want to buy or have an ineterest

what kind of property you want?

like whether Residential, shop or plot? What range property you want to buy?

so from which you can get the highest returns? whether you want to buy alone or with partner

or with the help of an investor etc

prepare a criteria for all such things so that your focus doesn't go to the things

where there is no profit, but only stays where you can earn money and get profit

Preparing a Criteria will be your Opportunity Filter

which will allow you to understand the right opportunity and also helps you to take action

your second focus should be on T under CTN, which stands for Terms

means here you need to understand the financial part of the deal

like at what terms you will close your deal is really very important

if you get the right opportunity which fits under your criteria

then you will come for terms

at what amount and price you want to buy that property and till where you can bargain and can buy

Worlds no. one investor warren buffet too prepares a list

for those company's which fits under his criteria

but he doesn't buy that company's stock until and unless he doesn't get it as per his terms

he buys it as per his own price and right price

if you buy property or stocks from big and best companies but at wrong price

that can be the biggest risk for you

hence buy right deal at right terms

don't think that property rates will increase in future and become market dependent

instead buy a deal which remain beneficial and profitable since start

means getting deal at less price compare to market rate

Third focus you need to keep under CTN IS on N, Which stands for Network

Here you need to focus on people

who helps you to get a deal from start till end

because you can create best criteria's only when you can understand your market very well

and gain knowledge about real estate

and start making connection with brokers and other knowledgeable people

for all these your network should be the best, the more you know useful people and brokers

the more you will get the opportunity

hence grow your network

last and the most important thing i would like to share with you'll before ending this video is

About 4 types of Investing approach

look, there are 4 types of people in investment

first Observer, second speculators, third, owner and fourth investors

observers are the people who always observes market

they knows when market goes up and comes down

and they have all knowledge about important things

but still they never take actions and always wait and look at things

speculators are ones who are risk takers, they love to take risks

and without much knowledge and wisdom they just invest

take risk just by speculating

owner are those who love to buy things and like to owe them

they love to buy properties just for their emotional need and for their interest

but you should have investor approach instead of having these three approaches

investors are those

who has good qualities of all three approaches and doesn't have any bad qualities of them

meaning just like an observer Investor has knowledge about important things

but also takes action second,

investors are risk takers but with proper understanding and with proper wisdom

and don't risk just because they enjoy it

which almost gives them profit, third,

they love to buy properties,

but not to fulfil their emotional need but to understand their investment value

and even you should become such an investor

these are the some useful knowledge which i have shared with you from an amazing book

The millionaire Real estate Investor by Garry Keller

this book contains various useful knowledge which you must know and understand

if you have a little interest in real estate investment

hence if you want to buy this book then you can get it below description link

and if you want free audio book of it can get it even its link i have shared in below description link

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