3 steps or questions to successfull investments

I want to introduce some steps I believe have lead me to financial freedom,

At heart I'm a gambler, I've opened two shops, a school and a dozen websites over the past year, I've failed at least 10 times, because I like gambling.

But my networth has still increased by more than 50% over the year, because of the serious investments I made in stocks and Real-Estate.

Anyways, I include some explicit language in this, because I want to put the emphasis on some words that shouldn't be ignored.

However, you would be surprised how the apparently most lucid and inviolable law of investing is often amost completely ignored.

Like, how could i loose it?In which ways?

I would make a real-estate investment in the downtown of City XXX,

2. New constructions, next to, over that could destroy the view, or well cause some inconviniences.

A person should definitely master and inhabit step 1 to move to step 2 here.

only if you can successfully apply step 1 you can move to step 2.

It's like building a 3 storey house, you can't start in the middle, you have to build it from ground up.

Laws of physics, laws of investing same excrements different smell.

How is this going to make you money?

lets get back to the downtown Real-Estate example;

We have to specify this a little now, let's say it's an office at some busy street in a busy city of the likes of New York.

We assume Step 1 and it's questions have been mastered asked, and answered, and the outcome is that you're not likely going to loose money.

Is there a particular business that could be set up in the location?

Something that's still missing around the block?

Or am I an expert at something that I could set up in my property here?

Is there advertising space on the outside that I could sell?

If I want to be more inactive here again, maybe I have other commitments I have to tend to at this point.

Then, can I partner in a business with a person that can answer the above questions?

Or how much can you rent it out for?

How much is the price to increase in the next 2 years?

etc, etc.

And again this is going to vary from industry or nature of the investment.

I just use it cuz I like to invest in Real-Estate.

But the basics of thought are the same I believe.

If public transportation would be really expensive then a car that runs on biodiesel or some other cheap fuel like sugar, would probably be a good investment ( calculate )

Just ask and answer these questions first, make a serious effort, after all it's for your money, your future.

... how is this shit going to make you more money faster?

This is the real advanced stage that can only be executed after 1 and 2.

It requires a lot of thought, but is basically something worth looking into.

After for example you have decided that there is no immediate business chance there at the moment and you are going to rent it out to somebody.

You could think of how to make more money, in less time,

You could renovate it, split the place in to 3 small offices, and instead of 1 big place that would rent for 2500 you could rent these 3 places for 3000 each, you'd be making 6000 more in 1 year.

At least this is a way we did here in Shanghai with one of my places.

Other ways, could be services offered etc. etc. etc.

Be creative, it usually pays off.

But never forget Rule number 1, never loose money.