If Real Estate Investing Is So Great…
“If real estate investing is so great, why doesn’t everyone do it?” Maybe you’ve heard that or even thought about it before. How about the other variation I get: “If real estate investing is so easy, why doesn’t everyone do it?”
There are many things in life that are both great and easy, yet the overwhelming majority of people do not do it. I can think of two major examples off the top of my head.
First, frugality. If you are spending more than you earn, it is both great (and prudent) as well as easy to stop and put money aside in savings, yet there is a large part of our population that continues to spend more than they earn and go deeper into debt. Why? It is easy to not buy extra stuff (just don’t go to the places you can buy those things). It is easy to set a budget and check the budget before each purchase, but many people don’t.
Second, body weight. Body weight is just like money except the currency is Calories. If you eat more than you spend, you gain weight. If you have a balanced Caloric intake with what you expend, you maintain your weight. And, lastly, if you spend more than you take in, you lose weight. Despite all the crazy diet programs, shakes, vitamins, supplements and other tools for losing weight, it really is a simple intake versus use issue. By the way, I am not saying that what you eat isn’t important, but the BIG factor is Calories.
So, if both living within your means and living at your ideal weight is both great for you and easy to do, why don’t people do it? Maybe it is the same reason they don’t invest in real estate.
Until my next post,
James
P.S. Need help implementing what you already know you need to do? That’s part of what we provide in our Real Estate Investor Bronze Membership. Upgrade now.
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