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What would you suggest?

dcaz4moores

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Nov 16, 2010
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I am looking for a good economics/investment read...one that will delve into the intricacies of the ratios to consider/compare and why those relationships have been set up. I can make sense of numbers when I see them...but I am really interested in the pulse that gives "deals" life. Any suggestions? I have subscribed to the "Economist" and I will go to my public library; I think I will even jump into a class (business or economics at the university)...but any other suggestions would be appreciated greatly.



Regards,
 
There is a sticky thread around here I think. It is member's suggested reads. I started sifting through it and got to about page 3 of many more than that. I already had a list!! I forget where I found it but look around or search "suggested reads" or some such thing. Lots of user input. Cheers.



Kris
 
Adam I appreciate you asking.

The main purpose is to gain a working knowledge of the mechanisms that drive investing...as fluid as they may be. Understanding that by equipping myself with as many tools as possible (enough to be effective, not so many as to weigh me down though), for example: good people, information and resources would be an effective cornerstone on which I would like to build my business. As well, Oddly enough, I find myself genuinely interested in the theories of handling and directing money rather then being handled and directed by money...I hope that last blip makes sense.



Again thanks for asking Adam.



Regards,



Dave.
 
Hi Dave

I'm not sure I have a good feel for what you want - can you explain in more exacting detail? I will try to suggest from there. Are you hoping for general theory books? Along the lines of about our monetary system and policy? Or things more along the lines of accounting for dummies so that you can familiarize yourself with reading and analyzing statements? or something more along the lines of personal finance and planning books like the wealthy barber?
 
Hi Dave!!



I've seen a few of your posts and congratulate you on your enthusiasm! I certainly can understand where you are coming from as I too started real estate investing late and had to 'catch-up' on everything.



Since you have already done more than most people by studying the REIN course front to back and are actively posting and learning from experts here, I would caution the 'overload' factor and let things absorb. I don't know about you, but I like to hear things a few times and wrap my head around it. I too have a large library of books such as the ones you are looking for but I would say half of them I have yet to read.



There is only so much 'space' for you to absorb what you are learning and in my opinion you may benefit more from become completely focused on what you want to do, THEN look at information sources that will support that goal.



The first thing would be to attend the REIN meetings and ask a lot of questions. You will meet some very key people each time you are out who will be able to 'teach' you saving a lot of reading. I'm NOT suggesting to ignore information as I love it also, but just take your time to fully understand what you have already accomplished. Apply that, move forward then learn some more. That's why it's a long-term investment. Understandably, it sounds like you are trying to make up for 'lost time' as quickly as possible but it WILL come quicker than you think.



I hope that helps you out a bit - and please, take a look at my blog sifting through some of the older posts. You will understand I come from the same cut of cloth!



Any other help you need, feel free to email or call.
 
Great wisdom Joey, delivered in a timely fashion...this will be heeded.



So much, and so little time. But what a blast it is learning the ropes.



Settling and focusing on the critical points is what I will do.



Finish the home study course (ACRE) by February's end and have it done again by June. Become a full fledged member by August (time frame established due to monthly budgetary restraints), attend at least one REIN event before June and another by December. Interact on the Forum daily. And secure our first investment by Years end using the REIN system. Lastly share our first successful navigation with our new found friends on the Forum come January 2012...wow!



Seems manageable, and SMART (Specific, Measurable, Attainable, Realistic and Timely).



This is a good place.



I look forward to being able to delve deeper into the inner sanctum forum when I become a full fledged member.



Regards,



Dave.
 
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