TBT: Ask Marco – Getting Clear on Investment Goals
23 January 2025

TBT: Ask Marco – Getting Clear on Investment Goals

Passive Real Estate Investing

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Hello my friends. Welcome back to Passive Real Estate Investing where we dive into the world of real estate investing among other related topics. To help you with your real estate investing journey, today we’re doing something a little different. We’re going to take a trip down memory lane and showcase an important episode from the past on what we call our throwback Thursday episode. Now, whether you’ve been with us since the beginning, which goes back to 2015, or you’re tuning in for the first time, this episode is a must listen, we are revisiting one of our more popular episodes from the past, and believe me, what we discussed back then, whether it’s six months ago or six years ago, is just as relevant today. So sit back, relax, and let’s rewind the clock for this great episode. Enjoy.

Throwback Thursday Episode (The episode originally took place in the year 2020)

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Hello again my friends and welcome to another episode of Ask Marco where I answer or at least try to answer your investing related questions.

Today's question comes from Michelle and Michelle says, hello. I've been listening to your podcast for a couple of months now and I think in one episode you said you help people figure out a clear plan for real estate investing. Question Mark, I want to do this, but my ideas are scattered and this real estate investing stuff can be really overwhelming because there are so many options and all of these rules to follow. I can relate because we all start there, Michelle, but you will find that it gets easier as you go. Believe me, she concludes by saying, if I could get a chance to speak to someone about my goal so that I can have a clearer understanding of what I want to do and invest in, that would be great. If not, do you know of anyone that does? I really want to do this, but I want to know somewhat what I'm doing.

Okay. This is a great question and this is actually a very common question, especially for people who are just getting started, knew what some of us call newbies, but essentially your green behind the ears and you're trying to get clear on all this stuff that just looks and seems and sounds overwhelming and you just want to get clear on your investment goals. So for a lot of people it's really just finding the right direction, just knowing what direction they need to go in and just someone to be a compass for you, point you in the right direction and then you will figure it out and learn what to do as you go because you're going to have the tools, resources, the education and the team of people around you to help you get there.

And it's just a matter of first pointing in the right direction, facing the right way, and then starting with little baby steps and moving forward. And then you'll find that you'll feel more competent and confident and you'll grow and you'll start to take bigger and bigger action steps. So the bottom line here is in what I'm saying is to educate yourself because your confidence is equal to your competence. And if you don't have the competence level right now to give you that confidence, then it all starts with my first rule of my 10 rules of successful real estate investing, which are posted on both of our websites. And that is to educate yourself. The more you learn, the more you earn. You've heard that saying before, it is very true because when you start to know what you need to do and what to look for and what to avoid, you can't help but to start taking action steps that will propel you in the right direction and get you to do the things you need to do.

So educate yourself because again, your confidence is equal to your competence and then you will find that that will magnify and accelerate as you start to get successes under your belt.