Avoiding the 5 Biggest Mistakes New Investors Make

Artwork for podcast The Wealth Blueprint: Financial Freedom Through Real Estate

Episode 8 • 30th June 2023 • The Wealth Blueprint: Financial Freedom Through Real Estate • Palak Shah and Niti Jamdar

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Let's say you're new to investing. What are some of the common pitfalls you need to avoid falling into on your journey to financial freedom? Niti and Palak have identified five key mistakes that first-time investors make repeatedly – and they're here today to ensure you don't make them yourself.

By providing us with these five critical pitfalls on what not to do as a new investor, the Wealth Blueprint is also cleverly offering us sage advice on what we should be doing too – and this is the stuff that can truly align your property dreams with a hardened ambition that saves you time, money, and energy in the long run.

If you're not growing as a person and developing your mindset, your business is not going to grow. How are you learning about investing and making incremental updates to your financial model as you get started?

As Palak and Niti emphasize, money is made in the seemingly mundane – it's not acquired by choosing the tiles and trying to do every aspect of your own property rehab yourself.

From choosing a strategy and sticking to it, to using your goals as motivation for your growth, be like Sisyphus and keep pushing the rock that is your property portfolio all the way uphill until the going gets easier!

We trust that you will find this episode to be of great value. Please feel free to share it with your friends.

"It's gonna get harder before it gets easy. And that's when most people give up." ~ Palak Shah

"Success is limited to your personal growth." ~ Niti Jamdar

In This Episode:

00:55 Don't chase the shiny object!

03:40 Don't start in the middle of somebody else's journey

05:45 The larger you grow, the bigger your setbacks

06:45 Be prepared to learn from your mistakes

09:25 Beware DIYing your own process

11:50 Are you focusing on your personal growth?

Resources:

Get a copy of Accelerate Your Real Estate - https://www.openspaceswomen.com/book