Investing in the Right Property

Investing in a home loan is like trust—it starts with a foundation.  When one invests on something, whether it would be on land, housing, a car, or company, one does not divulge himself directly on it; he plans. Basically, one starts with the four w’s in life, the what, who, where, and when. This is simply for the reason that when one invests, he puts time, effort, and of course, lastly, but definitely not the least, money. Every minute, every second, every hour of a day, a week, or a month counts. Every effort, whether it would be of great or smaller value, is not considered minimal in any way. Every centavo, every peso, every coin, every bill, matters at max.

            So, how can one be guided accordingly on investing in the right property? Several books have been written by different investors in all parts of the world. Luckily, in addition to these books, the boom of the modern era has brought different blogs, articles and the like giving hundreds to thousands of tips on how to invest on the right and best property. And as they say, three heads are better than one, so, summing up almost all famous investment strategies, we have come up with an A-B-C guide plan on how to invest on the right property.

Step A.  The NEEDS vs. WANTS.

Our basic education has taught us that there are basic things that one needs in life for survival: food, clothing, shelter – nothing more, nothing less. It makes up a triangle of needs for one’s life. So, in investing in the right property, one must carefully dissect the needs and wants in his target agenda. This is essential for his investment survival

Questions like, “Does it fall under one of my basic needs or is it clearly just a want?”, “Can I have a cheaper but same value version of it?”, “Is it urgently or badly needed now?”, “Can I still work efficiently or effectively without it?”.  Another thing that could be of great help is having a partner, or better, a team, to help you list down and classify all the needs and wants in your investments. A different perspective can help the task be done easier and faster.

Step B.) PRIORITIZE. FIRST THING’S FIRST.

Prioritize what is essential. Food is a priority. Clothing can last for months. This lets substitutes enter the scene such as your other needs, i.e., power bills, water bills, maintenance bills, etc.  Several investors get stuck with repetitive cycles because they keep on forgetting to identify the difference between a need and a want and they cannot stick to their priorities.

Step C.) LET GO OF THE UNNECESSARY AND CAN’T-BE-ACHIEVED-AS-OF-THE-MOMENT THINGS.

Letting go of your wants when financial resources do not permit you takes a lot of courage and pride. The cliché line of the art of letting go applies into this scenario. It is indeed painful to plan and get excited and all with an investment and yet you have to hold back all of a sudden just because your resources provide you with no choice but to look for another one or take the downgraded version of the property.

But hey! Stick with the ABC. Still stick with your priorities.

In this guide plan we have created, our “wants” in life are not considered as forever gone of our reach. But rather, these wants serves as aspirations, as goals, as something to look forward to in the near future. As one marketing strategist has mentioned, “Wants are little sparks of hope and motivation”. And this is how it should always be.

            After surpassing all three steps, one can be said to be surely on his way to investing on the right property. Investing on the property, at the end of the day, lies on the right attitude.