Each of us wants to become successful investors. We need to invest simply because we want our money to work for us aside from the fact that inflation eats our purchasing power.
One of the world’s greatest investor is the second richest person on Earth, the Oracle of Omaha – Warren Buffett. He became so successful that he now owns several parts of other businesses. What made him so successful as an investor?
I recently played a webinar conducted by the famous Robert Kiyosaki and he taught some strengths of successful investors:
Vision. Successful investors have visions. They have the ability to see what others do not see. They are visionaires. They know that a trend is coming and that they take advantage of it to become front runners.
Courage. Successful investors have enough courage. They are risk takers. They have the ability to act despite fear. Risk is always a factor in investing but they know how to take calculated risks. As Warren Buffett said, risk only comes from not knowing what you’re doing.
Creativity. Successful investors are creative. They think outside of the box. They have creative and unique business ideas, which when implemented, would generate huge profits for them. It only takes one great idea and a lot of challenges on its implementation to become successful investors and business persons.
Self-confidence. Successful investors have self-confidence. They have the ability to withstand criticism. They believe in themselves and they possess the determination to succeed.
Self-control. Successful investors have self-control. They have the ability to delay gratification. They know how to sacrifice in the short-run for a greater goal in the long-run.
Do you have any of these traits? Which among them do you possess? Continue to nurture them and allow them to grow your financial future. If you’re missing some of these traits, consider setting some goals and objectives to develop those traits in your life as well.