8 Chinese Proverbs for the Property Investor
Investing can be confusing at times but following basic principles of successful investing can be your key to being successful. Chinese proverbs provide us with excellent basic principles in which to follow due to their ability to eloquently and clearly communicate complex ideas. Take a read of 8 chinese proverbs for the property investor.
“He who asks is a fool for five minutes, but he who does not ask remains a fool forever.”
One of the big mistakes beginning investors make is to think they can do everything themselves. They do a bit of research, crunch some numbers and suddenly they’re industry experts. And you can’t tell them anything because they know it all. If you’re the smartest person in the room, you’re in the wrong room.
“A single conversation with a wise man is better than ten years of study.”
Finding a mentor is the fast track to acquiring the type of property investment insights that can never be found in a book.
“One mouse dropping ruins the whole pot of porridge.”
One bad asset can be the one that holds back your portfolios overall growth.
Review your property portfolio regularly.
“A single spark can start a fire that burns your entire house down.”
Every year unforeseen factors test us.
Protect yourself and your portfolio against unforeseen crises – be it a personal one, like losing income due to ailing health, or something on a larger scale.
Insure yourself as well as your assets and maintain a financial buffer
“Don’t be afraid of growing slowly, be afraid only of standing still.”
Sustainable wealth creation through property investment is not a process you can rush. It takes time for compounding and leverage to work.
“The Best Time To Plant A Tree Was 20 Years Ago. The Second Best Time Is Now.”
It’s never too late to get into property.
Sure, it would have been nice to do it twenty years ago but then people thought prices were high.
There are always opportunities in the property market.
“Man who stand on hill with mouth open will wait long time for roast duck to drop in.”
In property, opportunities rarely come knocking or fall in your lap.
The big difference between successful investors and the average person is that they set themselves goals and then take decisive action to achieve them.
“A fall into a ditch makes you wiser.”
You’re going to make mistakes when you invest, we all do.
However, it’s not how often you fall in the ditch that matters, it’s how often you get up, dust yourself off and try again that matters.
If you are interested in knowing how to get into property investing check out the Japan Property Investment web page.