Plan to set some goals. What would you like to achieve with your investment? At what point in your investment journey would you consider yourself successful? You’re likely to say that an investment property is a way for you to secure your financial future, or it’s a way for you to be free to do what you want, when you want.
In order for you to reach your goals, you must make sure they are clear. In addition, you should plan to set deadlines. Otherwise, you may find that you keep putting them off.
For example, if you’d like to replace your current income and retire with your investments within a timeframe of 10 years, you should start by creating a 10-year plan. Then, you can break the plan into smaller 5-year, yearly, bi-annual, and even weekly mini-goals. Not only will they help you reach your ultimate goal, they will ensure that you don’t get overwhelmed.