I’ve been reading a book on investing by Gary Keller – “The Millionaire Real Estate Investor.” Despite the title, it’s a pretty good read. He talks about four types of people.
1) Observers – Those that dream about investing and would love to do it, but never take
2) Collectors – Those that aren’t really into investing, but just like to own stuff – they buy just for sport
3) Spectulators – Those that take high risks for fast gain – kind of like a gambler.
4) Investors – Those that minimize risk and expect financial gain by following a proces of
knowing value, finding opportunity, and making deals.
Which camp do you find yourself in?