The Most Important Due Diligence Area:
Five Steps to Success in Whatever You Want From Life!
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Tax Lien and Tax Deed Investing:
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By Darius M.
Barazandeh, Attorney at Law / M.B.A.
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NOTE TO READERS: The following article will not cover legal or investment topics but don’t dismiss its message. This is the most important aspect of your investing methodology. I can say without hesitation that failure to master and apply these five steps will result in almost certain failure in almost any endeavor.
Did you know that virtually everything in your physical world started in your internal world? The car you drive, the house you live in, the job you have, and the people you love all began as ideas, thoughts, or emotions. All of us are the end result of our thoughts put into action. The reason I believe this area to be the ‘most important’ is because your success or failure will depend almost entirely on your mental attitude. There will be defeats, challenges, and failures, but your mindset will take you from failure to success in an instant. Most of us have heard of these concepts before but we may not be sure how to apply them in real life. Let me share with you my five step plan for success in any area of life:
- Step 5 – Never Give Up on Your Goals No Matter the Obstacles – This is without a doubt the most important aspect of this list. If you know your objective is right for you and you believe in it then don’t ever give up trying. They are very few people who have risen to the dizzying heights of success without constant persistence in the face of adversity and failure. The most interesting thing about this last step is that sometimes your persistence will lead to another goal and perhaps the real purpose for your life or the real desire in your heart. When you stay committed to a goal you will develop personal strength. Soon that strength will begin to show in how you conduct yourself: the certainty with which you speak, the quickness of your step, and the confidence in your decisions. As other people recognize these traits you will find even greater successes and opportunities as you go through life
Sadly, many people don’t think about continued persistence in the face of failure or adversity. Quitting early becomes a habit and part of our comfort zone. Even worse is that sometimes we fail to realize that the greatest lesson come from each failure that we undergo. Likewise the greatest exercise of our determination will come when we continue to persevere in our goals after failure has occurred. This is where successful people and unsuccessful people usually differ the most: Successful people will still fail as much or more than anyone else but they have learned to transform their failures into triumphs, learn from defeat and try again.
What will you do with this information? Will you apply it in your life and reap the rewards? I sincerely hope that you do. Although I stated earlier that this is my formula for success it has been adapted from universal laws of achievement. In some form or another this process has been used by every successful person in every endeavor or pursuit imaginable. It does not matter if they realized it or not the actions which brought them lifelong sustained success followed this outline to some degree.
Remember that continued persistence in the face of failure is the most important lesson from this article. To illustrate the importance of persistence consider that Thomas Edison, the inventor of the incandescent light bulb failed more than 10,000 times in his attempt to create the what would become the modern day light bulb. When speaking of his numerous failed attempts he said, “I had to succeed because I ran out of things that did not work.” It sounds simple doesn’t it? Edison had the formula and he applied it for the benefit of billions of people: Know what you want, want it with all the desire you can muster, measure your actions, and keep on trying until success finds you.
I want to wish you the best of luck in your endeavors and email me if you ever need help!
Information contained within this article was not intended to be, nor should it be taken by the reader as legal, financial or tax advice. The above article was written for educational purposes only. If the services of a Texas attorney, or real estate mentor or coach are desired please contact Mr. Barazandeh or seek the services of another professional.
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The author, Darius M.
Barazandeh, Esq. is a licensed attorney in the state of Texas. In
addition to his legal knowledge he has a Masters Degree (M.B.A.) in
Business Finance and brings experience from numerous fields
including tax sale investing, real estate construction, corporate
finance, and business consulting. Frustrated by the lack of
realistic information regarding tax foreclosure sales and other
investments, he is "unlocking the secrets" to many of these creative
investment methods with his unique 'clear cut' writing style,
attention to detail, and legal knowledge.
Current Membership Includes:
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Real Estate, Probate, and Trust Law Division of the Texas Bar Association
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Business Law Division of the Texas Bar Association
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Taxation Division of the Texas Bar Association
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Environmental and Natural Resources Division of the Texas Bar Association
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Alternative Dispute Resolution Division of the Texas Bar Association
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Consumer Law Division of the Texas Bar Association
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Attorney's
Step-by-Step Guide: To Investing In Tax Lien
Certificates
The Complete,
Step-by-Step Guide to Investing in Government Tax
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