How Investment Property Can Help You Retire

By Author: Alexandria Anderson
Total Articles: 46
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Most Americans won't going to have enough money for their retirement. That is just a sad reality of the times. Instead of resisting that reality (and the unfairness of it all) the best action someone who hopes to have a happy retirement can do is simply make sure that they are not the typical American. We need to take steps to assure they will have enough money to enjoy their retirement and be able to pay their bills, including those increasing medical fees.

One of the best method to get around being one of these Americans who wind up bagging groceries in their so-called Golden Years, according to Rich Dad, Poor Dad author Robert Kiyosaki, is to invest in real estate.

Buying investment properties is a wonderful method for you and I to plan for retirement because it can supplies a great benefit called passive income. This is income that just sort of happens after someone has done the groundwork. A typical worker gets paid only for the time he works in a day. A real estate investor, after developing her system, gets paid for keeping it running. And keeping it running, if she been smart about it, will involve paying ...
... his/her employees to do the job of checking in on them on a regular basis.

The great thing about making passive income (such as from investments) is, the more time the investorkeeps them, the more money they should make for him/her, with less and less effort on the real estate investor's part. It's the closest thing to magic we will ever find in the world of finances.

It sounds appealing, but we should never simply dive in. And even though this is all very learnable, there's quite a bit to study when one is thinking about investing in real estate - things like comprehending P&L statements and the laws related to real estate. The biggest concept to learn, however, is one's own limitations. The person who understands where to find the information she needs is far better off than the person who carries tons of facts and formulas around in his/her memory.

In the book Cash Flow Quadrant, Robert Kiyosaki advises potential real estate investors to raise their income in addition to their understading. Mr. Kiyosaki teaches about creating a business system that will set up and left alone, freeing up the investor to move to the next step instead of investing all his/her time babysitting his/her business. The next step is to continue that real estate education and start to look around for specialists to hire and property to buy.

Robert Kiyosaki also refers to this change as moving from one area in the cash-flow-quadrant to the next. He emphasizes that, the 1st step someone needs to take toward changing his/her life is changing the thought process. If a person adjusts the way he processes the thought of money, then he/she will be in a much better position to transform his interaction with it.

The way someone thinks determines the actions they take in the course of the day, and those actions in turn determine the level of their success. The primary benefit of reading books like Robert Kiyosaki's Rich Dad, Poor Dad series - brings you closer to a new paradigm about things. When people see how easily it can be to learn new talents and aquire new knowledge, they are virtually impossible to stop.