Among the Best Kinds of instruction you can have, is taking action. There’s not any better way to learn. Are you going to get it right the first time? Are you going to learn a lot from your mistakes? Yes! My husband and I have made mistake upon mistake with our real estate investments. But, property investment has been very forgiving to us. Despite the fact that we have made many errors, our wealth has grown and we are in a far better situation than if we’d done nothing in any way. By getting in there and taking action we are learning. Through the years and by experience we have exercised our own investment plan that will eventually enable us to live our Main Aim.
Yes, you will make Mistakes along the way; yes, there will be tough times along the way; yes, there will be negative consequences of bad decisions you might have made, nevertheless I feel the best mistake you can do is to do nothing and take your present reality if you desire much more. There were two very Close girlfriends who grew up together and shared many experiences in life. Let us call them Ashleigh and Sophie. Ashleigh and Sophie went to school together, worked together in their initial casual jobs after college, went to college together and finished the exact same level, their boyfriends were at precisely the exact same soccer team, they got married when they were 28 and lived in comparable houses two streets away from each other. On completion of college, a multinational recruitment company hired them both. Their careers progressed in various directions in the same business, however by age 35; they had been on nearly identical salaries to one another.
One Big difference Involving Ashleigh and Sophie was in relation to personal finance Sophie was conservative and Ashleigh was quite progressive and open-minded. Sophie and her husband bought their own home when they were 30. Sophie was quite pleased to pay off their house, and perhaps one-day purchase their dream family home on a larger block closer to the nation. Sophie and her husband both worked in full-time occupations with large firms and were satisfied that their superannuation would satisfy their needs when they hit retirement age. Ashleigh, on the other hand, was quite open-minded about investing. Ashleigh and her husband had a strategy to have three investment properties by age 40. By age 65, Ashleigh and her husband had built a portfolio of 10 investment properties. Sophie and Ashleigh Both worked for the same multinational recruitment firm for their whole working career. They both retired in the age of 65 with a very similar equilibrium within their superannuation fund.