While it is highly important to educate yourself and find the best mentors in the field, goal-setting remains to be one of the most important preparations before beginning a property investment journey.
A budding investor setting himself up for success must know long-term goals he wants to achieve and the path he is willing to take. After all, reaping the fruits of property investments does not happen overnight, and it is important that an investor is inspired and motivated by a clear idea of his goals. Moreover, goal-setting is instrumental to all other steps that an investor must take in his journey – from crafting strategies to building a financial team.
The Smart Property Investment Show’s resident accountant Munzurul Khan talks about the importance having goals, and why property investors must learn to set S.M.A.R.T. goals: