Making Money With Promissory Notes

Savings will not make you rich, only smart investments do that.

The time to get interested in note investing is when no one else is.

The beginning investor: the first thing that the new investor must realize is that if making money with promissory notes was quick and easy, everyone would have already done it. Education and training are required to become a successful note investor. Since getting the education and training is hard work and takes time, most people will not do what is necessary to become successful. The result is that great investing opportunities awaits the person who has done the preparation. When opportunity presents itself, that person is ready to capitalize on it.

The key things needed to be successful: In order to become properly educated and trained, the beginner must focus on learning the most important elements; we will now discuss them.

Understand your own goals and financial objectives

Understand your own financial position today, and what it should be in the future

Understand your own tolerance for risk

Understand how much of your time you can allocate to getting educated and trained

Understand how much of your own time you can allocate to hands-on note investing

Understand what a promissory note is, and what are its main terms and conditions

Understand what a mortgage is, and what are its main terms and conditions

Understand what a deed of trust is, and what are its main terms and conditions

Understand what the applicable laws are, and how they impact the note transaction

The above mentioned items should be addressed openly, honestly and thoroughly before moving forward. They form the investing foundation upon which you will be building. If you skip one or more item, it will eventually come back to “bite” you. Take you time; talk to trusted family and friends who will “tell it to you like it is”. The one person you do not want to mislead or “fool” is yourself.

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Source by Lawrence Tepper

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