The economy has been going through somewhat of a recession as of late with many different companies seeing their stocks plummeting to all-time lows, trade wars leading to an increase on tariffs for many of the products that we purchase and the decline of the housing market. However, as an entrepreneur and real estate investor with over a quarter of a decade of experience, Jim Toner is convinced that it’s not the real estate market that is to blame for this recession but, rather, poor choices made on the part of consumers. At one point, he also found himself a victim of misguided decisions and poor choices. However, he has since been able to turn his luck around and is now looking to advise others on how to wisely invest in the real estate market.
His first piece of advice is to obtain a positive outlook. It may not seem like it but having an upbeat attitude may actually be the difference between fortune and bankruptcy. If you only see the risks in something, you’ll be less likely to invest but, if you see potential and opportunity, you’ll be more inclined to contribute some of your money to the housing market and that could cause you to reap benefits in the long run. Of course, knowledge of how these various markets work is one of the most important aspects of smart investing but having a positive outlook can also be beneficial. Jim Toner (@thejimtoner) also suggests that physical health is an important aspect.
He also stressed how important hard work is to your overall success in the housing market and other types of investments. Additionally, they say laughter is the best medicine but, according to Jim Toner, it may also be the difference between making really smart investments and going broke. Studies have found that laughter not only helps you to feel better and keep your body in a controlled mental state but also helps you to gain perspective and put things in focus. So this way, you’ll be able to make smarter investments that will most likely pay off in the long run. Jim Toner also said that a big part of being successful is all about your mindset. If you act like an economically-savvy person who makes good investments, you will actually become one.
It’s also important to have excellent time management skills so you can maximize your productivity. It really is true that time is money and, thus, it’s important to get your day off to an early and productive start so you can ensure that you make smart investments. Finally, entrepreneur Jim Toner stresses the importance of being in control of your own finances to ensure your success. Check out Toner’s resume.
Additional info: thriftbooks.com/a/jim-toner/478220/