Investors – 5 Top Tips You Must Know

1. Don’t fear the gear
As a Mortgage Broker, this is one of my mantras. Most people are afraid of debt as they perceive it as dangerous. However, debt can increase your return and shorten the time in takes to get the return.

2. Go against the grain
About 95% of the population retires poor. If your goal is to retire wealthy then you need to do the opposite of what everyone else is doing. Good investors buy when everyone else is selling.

3. It’s time in the market not timing the market that counts
Every investor should have a strategy to suit their circumstances. Pick one and stick to it. You should be open to other opportunities, however, most of the time these can be distractions. A good strategy doesn’t have to be complicated- keep it simple.

4. Stick to your strategy
The real strategy to wealth is compounding your investments. You need to change your mindset. You won’t be a millionaire overnight. Aim for consistency. Be patient.

5. Don’t retire on property rents
Most people think you have to pay property off as quickly as possible then rely on rents. However it is more often than not the capital gains that make the real money. So do your numbers and make an educated decision.