Advertising
Advertising

7 Tips & Tricks for Your Maiden Property Investment

7 Tips & Tricks for Your Maiden Property Investment

To increase their income people often choose to invest their money. There are several investment options like bonds, stocks, etc. which can give the needed boost to the income. People often want to spend where the risk of losing the money is small. One of the safest investment options is investing in property. If it is the first time you are investing in property, then you may find the process overwhelming. It is important that you are careful when entering into the property business.

Here are some tips that are critical for successful investments in property.

Advertising

1. Always Have a Business Plan:

Investing your money is a business whether you are investing in bonds or property. You need to take it seriously and treat it like one. Before you put your money in this business, you need to have a whole plan. You should know why you are investing in property, how much to invest and the returns you expect to see.

2. Get an Expert Opinion:

Getting an opinion from a professional is always a good idea. They know the patterns of industry and where it is best to invest. You can go to your lender or any mortgage broker to get an expert opinion. You need to know exactly what your financial condition is so you can determine how much you can afford to invest. Checking the credit rating, reducing the limit of credit cards and debt is necessary before putting your money in the business.

Advertising

3. Keep in Touch with like-Minded People:

It is important to surround yourself with individuals who have a better understanding of the industry like a solicitor, accountant, financial broker, etc. Keeping in touch with people who are also investing in property is important. The advent of social media has made it easy to create an interactive forum. People can share their stories on a social network, and it is an excellent way of learning from the experience of other investors.

4. Know Your Budget:

Before you invest your money, it is important that your budget can handle it. You need to know your expenses and income. You should be aware of the debt levels so that you can keep the property from negative returns. It can happen when the flow of cash is not enough to cover the repayments of loans, taxes, interest rates, insurance, etc. You can also decide the down payment assistance options according to the financial conditions.

Advertising

5. Be Realistic while Determining the Demand for Property:

It is important that you calculate the value of the estate realistically. Whether the investment is short-term or long-term, it will get better profits if you are smart and the investment is based on a sound evaluation. The location which attracts more customers can maintain their value among the investors. You also need to consider the resale value of the property if you wish to get a good profit. So make sure that you are paying enough for the property and it can get you the best returns.

6. Get Assistance from an Agent:

Investing in property without professional help is a bad idea. You can always take advantage of the professional opinion of the real estate agents. You need to hire an investor who is an experienced realtor. He will know the technicalities of investing in the property. It is important to understand the terms such as profit, debt, return on investment, etc.

Advertising

7. Taking Advantage of the Tax Perks:

If you want to make sure that the property investment is profitable, then the important thing is continuous cash flow. If the bottom line is not stable, then the whole asset base can be in danger. There are so many income tax incentives that are available to the investors of residential real estate. You can take advantage of these incentives to increase the cash flow. You should discuss the possibilities with an accountant so that you can save money.

By keeping all of these important things in mind, you can make your investment highly profitable.

More by this author

7 Hacks for a Stress-Free Office Relocation Facts About Junk & Rubbish Clearance Top 9 Tips to Keep You Secure in the Saddle Good Reasons to Live In or Visit Philadelphia Will the Future of Music Software Be Rent-On-Demand?

Trending in Brain

1 How to Memorize a Speech the Smart Way 2 How to Improve Memory: 7 Natural (And Highly Effective) Ways 3 11 Tactics on Increasing Brain Power, Memory, and Motivation 4 How to Increase Brain Power, Boost Memory and Become 10X Smarter 5 How to Improve Brain Memory Naturally: Foods to Eat And Skip

Read Next

Advertising
Advertising
Advertising

Last Updated on November 5, 2019

How to Memorize a Speech the Smart Way

How to Memorize a Speech the Smart Way

Did you know that 75% of the population suffers from glossophobia? That scary sounding word is one of the most common phobia’s in the world, fear of public speaking.

I’ll bet even as you are reading this, you are getting nervous thinking about giving a speech.

I have got good news for you. In this article, I will share with you a step by step method on how to memorize a speech the smart way. Once you have this method down, your confidence in yourself to deliver a successful speech will increase substantially. Read on to feel well prepared the next time you have to memorize and deliver a speech.

Common Mistakes of Memorizing a Speech

Before we get to the actual process of how to memorize a speech the smart way, let’s look at the two most common mistakes many of us tend to make while preparing for a speech.

Complete Memorization

In an attempt to ensure they remember every detail, many people aim to completely memorize their speech. They practice it over and over until they have every single word burned into their brain.

In many ways, this is understandable because most of us are naturally frightened of having to give a speech. When the time comes, we want to be completely and totally prepared and not make any mistakes.

While this makes a lot of sense, it also comes with its own negative side. The downside to having your speech memorized word for word is that you sound like a robot when delivering the speech. You become so focused on remembering every single part that you lose the ability to inflect your speech to varying degrees, and free form the talk a bit when the situation warrants.

Lack of Preparation

The other side of the coin to complete memorization is people who don’t prepare enough. Because they don’t want to come off sounding like a robot, they decide they will mostly “wing it”.

Sometimes they will write a few main points down on a piece of paper to remind themselves. They figure once they get going, the details will somehow fill themselves in under the big talking points while they are doing the talking.

The problem is that unless this is a topic you know inside and out and have spoken on it many times, you’ll wind up missing key points. It’s almost a given that as soon as you are done with your speech, you’ll remember many things you should have brought up while talking.

Advertising

There’s a good balance to be had between over and under preparing. Let’s now look at how to memorize a speech the smart way.

How to Memorize a Speech (Step-by-Step Guide)

1. Write Out Your Speech

The first step in the process is to simply write out your speech.

Many people like to write out the entire speech. Other people are more inclined to write their speech outline style. Whichever way your brain works best is the way you should write your speech.

Personally, I like to break things down into the primary points I want to make, and then back up each major point with several details. Because my mind works this way, I tend to write out speeches, and articles for that matter, by doing an outline.

Once I have the outline completed, I will then fill in several bullet points to back up each big topic.

For instance, if I was going to give a speech on how to get in better shape my outline would look something like this:

Benefits of being in shape

  • Point #1
  • Point #2
  • Point #3

Exercise

  • Point #1
  • Point #2
  • Point #3

Diet

  • Point #1
  • Point #2
  • Point #3

Rest and hydration

Advertising

  • Point #1
  • Point #2
  • Point #3

ConclusionNo need for points here, just a few sentences wrapping things up.

As you might imagine, this step typically is the hardest because it’s not only the first step but it also involves the initial creation of the speech.

2. Rehearse Your Speech

Now that you’ve written your speech, or outline, it’s time to start saying it out loud. It’s completely fine to simply read what you’ve written line by line at this point. What you are working on doing is getting the outline and getting a feel for the speech.

If you’ve written the entire speech out, you’ll be editing it while you are rehearsing it. Many times as we say things out loud, we realize that what we wrote needs to be changed and altered. This is how we work towards having a well rounded and smooth speech. Feel free to change things as needed while you are rehearsing your speech.

If you are like me and you’ve written the outline, this is where some of the supporting bullet points will begin to come out. Normally, I will have written several bullet points under each main topic. But as I say it out loud, I will begin to fill in more and more details. I might scratch certain bullet points and add others. I might think of something new at this stage while I am listening to myself and want to add it.

The key to remember here is that you laying the foundation for your awesome speech. At this point, it’s a work in progress, you are getting the key pieces in place.

3. Memorize the Bigger Parts

As you are rehearsing your speech, you want to focus on memorizing the bigger parts, or the main points.

Going back to my example of how to get in better shape, I’d want to ensure I have memorized my primary points. These include the benefits of being in shape, exercise, diet, rest and hydration, and the conclusion. These are the main points I want to make and I will then fill in further details. I’ve got to ensure I know these very well first and foremost.

By practicing your major points, you are building the framework for your speech. After you have this solid outline in place, you’ll continue by adding in the details to round things out.

4. Fill In the Details

Now that you have the big chunks memorized, it’s time to work on memorizing the details. These detail points will provide support and context for your major points. You can work on this all at once or break it down to the details that support each major point.

Advertising

For example, the details I might have under the “exercise” big point might include such things as cardio, weights, how many times a week to exercise, how long to actually exercise, and several examples of actual exercises. In this example, I have 5 detail points to memorize to support my major point of “exercise”.

It’s a good idea to test yourself regularly as you are rehearsing your speech. Ask yourself:

What are the 5 detail points I want to talk about that support my 3rd main point?

You need to be able to fire those off quickly. Until you can do this, you won’t be able to associate each of the details with the main point.

You have to be able to have them grouped together in your mind so that it comes out naturally in your speech. So that when you think of main point #2, you automatically think of the 4 supporting details associated with it.

Keep working at this stage until you can run through your speech completely several times and remember all of your big points and the supporting details.

Once you can do that with relative ease, it will be time for the final step, working on your delivery.

5. Work on Your Delivery

You’ve got the bulk of the work done now. You’ve written your speech and rehearsed enough times to have not only your main points memorized but also your supporting details. In short, you should have your speech almost done.

There’s one more step in how to memorize a speech the smart way. The final component is to work on how you deliver your speech.

For the most part, you can go give your speech now. After all, you have it memorized. If you want to ensure you do it right, you’ll want to hone how you are delivering your speech.

Advertising

You work on your delivery by rehearsing and running through it a number of times and making tweaks along the way. These tweaks or changes may be are’s where you’d want to pause for effect.

If you’ve found you have used one word 5 times in one paragraph, you might want to swap it out for a similar word a few times to keep it fresh.

Sometimes while working on this part, I’ve thought of a great story that’s happened to me that I can incorporate to make my point even better.

When you work on your delivery, you are basically giving your speech a personality as well.

The Bottom Line

And there you have it, a step by step approach on how to memorize a speech the smart way.

The next time you are asked to give a speech don’t let glossophobia rear its familiar head. Instead, remember this easy to use guide to help craft a powerful speech.

Using the method shown here will help you deliver your next speech with increased confidence.

More About Public Speaking

Featured photo credit: Anna Sullivan via unsplash.com

Read Next