Hi guys,
Thanks Redwing for posting this article online. I guess you wanted to generate a bit of discussion about myself right?
One thing I have come to accept is no matter what humans do. Whether they are successful or not, there will always be others out there that want to dissect every piece of information possible to understand the "how's" and the "why's"..... It's just a fact of life.
Nothing I have done as per the article was through magic. My salary when I first got married was around $37k and yes, it made it alot easier because my wife worked as well. But I know of people who are on one income of around $70k who have been able to accummulate numerous properties.
People are right when they say well, he's got $5.6 million worth of property, but what are his debts? They are around $4 million, but one thing I'm comfortable with is the fact that say in 10 years time, my debt will still be $4 million, but I'm pretty optimistic that the total worth of the portfolio will be more than $5.6 million. So is it worth doing all of this. From my point of view heck yeah!
I don't let any of this get to my head and all of this has come about through perseverance and hard work. I've attended so many seminars, spoken to so many people and have read so much all so I could educate myself on the ins and outs of property investing.
Anyway, I don't want to see some sort of drawn out debate on this and if you like to have some context around this, then it's simple. We came to Australia as boat refugees. My folks were ordinary hard working people. I was your usual Aussie teenager wanting to have a good time and thinking about my financial future.
Yes, it may have been a bit easier to obtain finance back then compared to now, but you still had to obtain the finance in the first place. And yes, some will some I'm lucky (and that I won't deny). But I always say, you make and create your own luck. There will always be negative and positive people out there. I for one am positive. I look at the good and try to work on that, whilst others try to list the bad and dwell on them forever.
I always say to people the biggest risk in life is if you don't take any risks. For me, investing in property is just like investing in shares, buying art, collecting coins etc..... At the end of the day you have to feel comfortable with yourself on the journey you're taking. If not, then take a step back and say to yourself what are you living for??? For me, FAMILY is and always will be No. 1. Everything else pales into insignificance if you don't have family.
Take it easy and hope you all enjoy the rest of your long weekend.
Quyen