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The advise I would give is:
Money will come if you have a plan/goal and work to it so don't stress about money. Worry instead on the kind of person you are becoming and work on being the kind of person you would like to be
like Prop said - Buy more property in high growth inner CBD suburbs. My first buy was too far from cbd. If I picked something closer to cbd, the better equity growth over the years would've assisted me in accumulating at a much faster rate
- don't be afraid to convert to cash, as opposed to never ever ever sell. you really only want to hold thru the upswing, not the sideway shuffle or even worse the downturn
- if you start a devy, ensure you have the fire power to finish it even in changed circumstances
- appreciate the value of every dollar
- keep leverage down, you don't need to own the world so go slowly and surely
- recognise a boom when you are in it and get the hell out before everyone else does. And don't worry if you leave the party slightly early, if you've had a great night and are happy with the girl you have found just get out of there before it gets messy
This is a good post, kudos