Despite the improving economy, 63 percent of Americans are somewhat or very dissatisfied with their current jobs, according to Paige Wagner, operations manager for the American Real Estate Investor’s Association.
“Most people simply end up in a career without really thinking about it,” Wagner says. “Once someone settles into a job, they usually stay in the same industry even when changing jobs.”
As an example, Wagner reports that only two-tenths of 1 percent of the population are willing to change careers midstream to become real estate investors.
“Most people aren’t willing to put in the effort to learn a new career, even when they can make up to six figures,” she says. “It seems that for most people, just the idea of tackling something new like investing causes them to bring up all kinds of reasons why they shouldn’t get started.”
Wagner says people cite the following reasons for not investing in real estate: It’s the wrong time to get into the real estate market, they don’t have enough money to invest, or they’ve heard too many nightmare stories about being a...
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