Forum Replies Created
Shaun, you are right about his 2.5 hour seminar being a repeat of the book “Real Estate Riches” and as such I didn’t learn much because I’ve read the book.
BUT…
The guy’s quick-witted humour is worth the price of admission alone! Very entertaining, even if you don’t get much education out of it
-Ian
Sooshie,
The thing about me and books is, I never remember what I learnt where. All I know is that over the last 6 months I’ve:
a) read 29 books
b) learned a lot Sorry it’s hard to say which books had which info!The other thing I know is that without all that reading, there is no way I would have been able to act so quickly and grab the opportunity that just came my way (I’m waiting till settlement before I tell everyone about it in detail!).
Meanwhile, I can’t stop reading… my current book is “Super Safe Investing in Syndicates & Listed Property Trusts” by Tim Hewat and although I don’t really see myself using syndicates or trusts, this book had “property” in the title so I had to borrow it
-Ian
I love how interacting with other investor’s has the potential to open people’s minds so much!
1) What was the prime motivating event in your life that created a focus on the need to invest?
After listening to Rich Dad, Poor Dad in February this year and becoming increasingly dissatisfied with my job, I knew I had to get out (of the rat race) as soon as possible. This is mainly so I can focus on writing music, which may or may not be profitable.
2) What have you in fact done about it since then, and rate your achievment.
I’ve just bought my first PPOR at a phenominal price so I can finally stop paying rent. I see this deal as a great achievement that was a result of 6 months non-stop reading/researching the market which payed off. Rate: 5/10 (loooong way to go still!)
3) Based on your current performance, how long will it take to reach financial independence? (Whatever this might mean to you)
I think it will take me 5 years. I’m not ‘tight’ with my money, but every day I become wiser and wiser about my spending habits.
4) What are you currently doing to improve your plans?
I don’t think I’ll ever stop reading! There are so many books available for free from the library, and even when there are no RE books in at a particular time, I just read a general wealth creation or self improvement book to bridge the gap until they get the newest RE books in
Also there’s a tonne of info every month in magazines (more than I can read!)5) What is your ultimate goal; and will it make you happy?
My ultimate goal is to be financially free. What this means to me is being able to write music all day without fear that it will be ‘unpopular’ and not profitable. Same goes for my eclectic taste in video games that I love to program as a hobby. There are so many things to do in life that, without being tied to a job, I don’t think I could ever be bored.
6) Which is more important: The goal or the journey?
The goal is definately what’s more important to me (see point 5). My passion for real estate is genuine, but ultimately I’m doing this out of my passion for music and the fact that with a 9-5, I don’t have as much time as I’d like to spend writing.
-Ian
