Hi, Jealova

I guess your based in Melbourne? I used to be in real estate as a sales person and i did very well for my 2 year stint. I left because as of last year in July real estate companies no longer had to pay a retainer and only a commision. The company i was working for implented a no retainer and only a commision structure. So i decided to leave why?
– No Retainer so when the market slowed down so did my income.
– Financially – I would have to budget and dont forget you only get paid on the home you sell once it settels so you might sell 5 houses one monet but you dont get paid untll they settel.
– The directors dont have to pay for anything and basically use you.

My idea on this industry is? Not really a career any more
your just a used car sales person selling homes

Hi Guys, Intresting Topic.
I have read a few books by Robert Kiyosaki. I just bought one called retire young and Rich. I read the whole book and i was a bit confused. So i sat down and had a look at the book again. The first page acutally says that this book was written before 9/11 and the GFC. IT was only published this year though.

I see my home as an assest i bought it at 24 and know im 26 and we only owe 90k on it. We did this by buying and selling property in the last 6 years i started at 20. I have just bought a bussiness and becasue i didnt owe that much on my home the bank was more then willing me to lend me the money. So to me my home is an assest becasue without it i wouldnt of have been able to purhcase my bussiness and in 6 month i will be working from 60 hours a week to only 20 hours. So this has created me a good life style.  I think what we have to look at is every one has different ways of investing i dont think there is a straight out blue print that says this is the way you get rich.

What has worked for you might not work for me.
Great topic
Cheers Johann Psaila

Hi Southeastoz
its good to see there are young motivated adults like your self.  My theory in life has always been to "just do It' and give it your best shot. In my opionion use your motivation and time know.
I think school is good if you want a have career which requires a degree. I did uni for two years but once i bought my first IP at 21 i decided that this is what i WANT so i know work in real estate. While you have got less over heads know its a great time to save and i think just hold onto your money untill you are sure what you want to do and dont rush.

if you ever need anything please give us a yell im only 26 but i have learnt so much from every one else.
thanks
Johann Psaila 0451 001 457