Let’s wrap up the investor rung with some final thoughts.
One mental hurdle that often crushes people’s dreams is the fear of making money with other people’s money.
“If I invest their money and lose it, I’ll be a terrible person.”
If you can’t overcome this mindset, then investing may not be for you.
The truth is, every investment carries risks. While real estate generally increases in value over time, overleveraging yourself like some flippers do can result in losing everything in an instant.
If you invest with an angel group, you’re essentially betting that you’ll lose on most of your investments, with the hope that one successful investment will outweigh the others.
As an investor, your role is to present potential investment opportunities to others. You’re not forcefully taking their money from them. Be transparent about the risks involved and provide as much information as possible.
Ultimately, it’s up to others to decide whether or not to invest. You’re not responsible for their choices (unless you are their legally appointed fiduciary guardian, in which case illegal actions must be avoided).
The easier path is to specialize in one of the categories I mentioned earlier – real estate, business, or shares – and become exceptionally skilled in that area.
The investor level, aside from a few exceptional cases, is where old money begins to grow. It represents a long-term investment strategy that gradually increases the value of your assets, and it’s worth every penny.
Keep these considerations in mind as you navigate the investor rung and remember that calculated risks and specialization can lead to success.