Funny enough we didn’t start investing till after our first child was 2 and we only had one income. Now, a short 4 years later, we have another child as well as 6 investment properties and our own home. We intend to buy another one this year.
How do we do it? Tough. We live on one income of $50,000 pre tax and we live a very simple lifestyle. I don’t consider it a sacrifice as I get to spend time with my young kids and that is a much more important than having the latest plasma tv and a house full of gadgets that we think they and we need!
A website I’d strongly recommend would be simple savings – just enter into google for the site – it is fabulous. Also, sell stuff on ebay (as suggested by someone else). We do this in order to pay for our properties.
Just get used to no holidays away from home, nights at home, no take aways, no alcohol etc etc and you can do it.
My mottos are “If you bite off more than you can chew, then chew harder!!” and “When the going gets tough, the tough gets going!”
Good luck…I wouldn’t put off kids for the sake of a property….life is far too precious!!!
Cheers,
Greenjoy
