Avoid Flipping, Speculating, And Other Risks

The opposite of a prudent investor is a gambler – someone who chases after get-rich-quick schemes, fleeting market trends, or other risky forms of speculation. Only invest in properties that make good financial sense – starting from the day you buy them. While flipping houses and other quick-cash “guessing games” have been popularized by TV and the media, true long-term wealth is generated by making a smart property purchase and letting its value appreciate over time.