10 Myths Wrong Property Investment

In every line of business there is always a myth and a stick or a false perception. Yet the myth is not always true in reality, as well as in the real estate business. There are many questions in the minds of new investors who want to start investing in property.

The lack of information obtained can be very difficult for you to separate fact and myth. Instead of having to compile all the facts, some myths that are often encountered in the property business in the following:

1. Investing in property is only for the rich
True, money can move the world, and certainly a great help people achieve a dream. But property investment instrument not only for the rich. Many well-known property entrepreneur starting a small business. However, slowly they climb to the top through hard work.

2. Investing in high-risk property
Some people think so because it usually requires a high enough capital, so that if it fails in the middle of the road, the losses were quite high. When in fact, the risk of investing in property, including the lowest one. Especially when compared to the stock market or other financial institution. Indeed there are risks, but all can be taken into account.

3. Buying and selling a home is the best way of investing
House flipping is buying a house with intent to resell it could be a good way to invest in property, but definitely not the best because there are still other options. In this economic situation, housing prices are quite high, and you have to wait long enough to be able to get higher profits by reselling the house. Renting your property can be a better way than to sell it for granted.

4. You need a lot of experience
This myth is more reasonable than other myths. However, if you think well, if all investors have a lot of experience before the start there would be no such thing as property investment instruments. The experience was very helpful, and can only be achieved over time and flight hours. The most you need is the desire to learn.

5. Many have failed to invest in property
Just like an investment instrument, the property also has risks, but do not make you scared before starting. Such thoughts are common due to lack of information after the decision. Instead, if you feel unable to invest in this sector, better not. But do not let you off investing just because the input from others, especially the advice of those who have never entered this sector.

6. Investing in property is only successful if you 'know' the right person
In any business and industry, have a lot of relationships will be very helpful. Is it mandatory to have much relationship to begin? Of course not! You can build a relationship over time. Begin to meet and chat with other investors, attorneys, brokers, and anyone who can help you in the future.

7. Purchase property at below market prices would benefit
This theory is not entirely correct for the property industry. Although buying a property at below market prices profitable on paper, you will not get profit before successfully selling or renting. Sometimes a property is sold cheaply because of several factors which must be taken into consideration, such as poor location or building. You should be more careful.

8. No more nice properties that are available
All people need a place to live. A family will be growing every day so take the new property. You will always find a decent property to invest, it's just that you should be more frequent and aggressive look.

9. The key to successful investing in property, put the price was too high
In most cases property investment, the figures are very decisive. In fact, you could offer a price well above the average of the market if your property has been polished to be very interesting.

10. You need information from the 'insider'
Actually you do not have information that is critical of the 'insiders' who are more experienced. With the high flying hours and a lot of interacting with professionals, you will gradually become an 'insider' is.

Closing Tips and Strategy Credit Card

Closing a credit card could reduce wanted will owe, especially for those who have more than one credit card. Many reasons for people to close a credit card, ranging from never used, was too much debt, or try to reduce the bad habit of shopping.

Some of the tips below, quoted from financial edge can help you in the process of closing a credit card account without the hassle and get a lot of unpleasant surprises later on:

1. Pay off the entire bill

If the bill you still have debt, then credit cards can not be closed. Hence, you should first pay off the bill. You can pay this bill in the usual way, paying with cash. If they are not able to pay off entirely, you can transfer the debt to another credit card, find the lowest interest rates.

But it should be noted that the transfer of bills like this cost, typically about 1-5% of the total bill to be diverted.

2. Read the fine provisions

You should read the rules and regulations in closing a credit card, see if there are some penalties that you pay. If your credit card you are young, there is usually a penalty for closing in a short time.

3. Collect all the bonus

Technically, all the bonuses that you can (such as points, cashback etc.) is still belongs to you, even after the credit card is closed. But it's good if you collect these bonuses before closing the credit card. If the bonus is you can not be taken for a period of time, make selections, whether it's better not have to wait. If the bonus is only worth USD 500,000, but the bill next month with interest at Rp 1 million, better close now.

4. Cancel all automatic payments

Before closing a credit card, make sure all the automatic payments to the card has been closed or transferred. If you can forget the hassle yourself. It could be the automatic payment was broken in the middle of the road so you are considered delinquent.

5. Phone, Ask Close Card, Set Date

Different banks are usually different from the procedure to close a credit card, even the customer service telephone line was also different. Prepare yourself to talk with employees who will persuade you to not close the credit card. Just answer simply, "No thanks, I just want to close a credit card."

Ask the effective date of closing your credit card, make sure any remaining liability should you not arrive at the validity of the card. Do not assume that after the call, the card is not valid.

6. Ask for written confirmation

When finished with the customer service business with the closing of a credit card, you can ask for written confirmation from the bank confirming that your card is not valid anymore. Make sure you keep this letter as well. If suddenly there is a new bill in the next month, you have evidence to show that card is not valid, then the fault is not on yourself.

Conclusion: We suggest you keep asking your credit card statement that you have closed within the next few weeks, especially if you cover more than one card, just to make sure everything is complete without lacking anything. If something is wrong, then it could be addressed without having to wait long.

4 Tips and Strategy for Success of the No Pass Millionaire Course

Formal education is not always directly proportional to prosperity. Some of the millionaires in the Forbes list of richest people apparently never graduated from college.

Of the 400 people on the list of Forbes 400 richest people, as many as 63 businesses or 15% more of them never graduated from college.

Details of education of the richest people, Forbes is:

* High School: 27 people
* Lecture: 160 people
* Dropout study: 36 people
* Graduate School: 161 people
* Graduates of law: 35 people
* Ph.D: 21 people
* M.A: 6 people
* M.B.A: 84 people
* M.S: 29 people
* M.D: 5 people.


With high unemployment rates and the cost of education is increasingly expensive, it would not hurt if we learn about success from people who have never passed it.

Here are some tips from millionaires who did not graduate from college:

1. Sean Parker

One of the founders of Facebook with a fortune of U.S. $ 2.1 billion. Men born in 1979 was one of the successful entrepreneur who has fond childhood IT program. He had minimal formal education, and recorded a great success after setting up Facebook with Mark Zuckerberg.

Miss lectures, Google your education!

"When science tools and exceptional knowledge available throughout the world, formal education becomes less important. We should expect to see the presence of new entrepreneurs who get most of their own knowledge through exploration."

2. Dustin Moskovitz

One of the owners of Facebook with a fortune of U.S. $ 3.5 billion. Men born May 22, 1984 it is also one of the internet entrepreneur who made a success of Facebook and into the ranks of one of the world's richest young millionaires.

He had tasted the Harvard University economics for two years before joining Mark Zuckerberg in Palo Alto.

You can always re-

If Facebook does not work after he left college and joined Mark Zuckerberg, he said, "I can go back to Harvard at any time. My friends may not be there anymore. I might have to start again environment problem. That is a risk. But this is a risk is quite small compared to huge opportunities that exist at the time, ".

3. Phil Ruffin

Casino Treasure Icelandic owners with a wealth of U.S. $ 2.4 miliar.Pria birth of Wichita, Kansas is also not out of college. However, he successfully developed a business hotel and casino that entered the ranks of the richest people in the world.

Ruffin as the worker's last job was to get back a monkey. He change and established network of stores and then the casino and hotel.

Be No. 1

"The advice I would give to young people? Quit your day job. Do not work for anyone. You can not really get money from working on other people," he said.

4. John Paul DeJoria

Owner Paul Michell Systems, Patron Tequila with a fortune of U.S. $ 4 billion. He has been living by selling shampoo from door to door before the wealth earned by Paul Mitchell.

Men born 13 April 1944 was the son of an immigrant Italian and Greek. After his parents divorced, he started selling Christmas cards and newspapers to get around to support his family. He earned success after setting up John Paul Mitchell Systems and Paul Mitchell in 1980.

Good Luck...!!