Hi All
Just after a bit of advice as i feel like I'm having a mini mid life crisis
After finishing school in 2003 i gained a job on a farm, from the bottom i worked my way up to manager controlling an operation with a couple of mill turnover. Got sick of the long hours and turned my hand to real estate. I have nearly completed 12 months but am struggling to make good money and struggling with the all the ethical things and pressures that comes with sales. I cant see myself sticking with this for much longer.
My goal was to not have to work by the time I was 40, was hopeful of having enough real estate assets built up. This is looking very unlikely with only 2 properties and an overall equity of just under 200K
Anyone got any brilliant ideas for me, I'm good with numbers and have a great work ethic but I miss working outdoors and miss working with my hands, but I dont think i want to go back to the poor wages and long hours that farming provide
Thanks
Construction and engineering. Good money less labour, mix odds outdoors and indoors.
Get out of real estate – sales is not for everyone.
For me, the priority would be finding a job that satisfies first – and then the longer term investment plans would follow after that.
Life's short, don't keep grinding away in a job that you don't like.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Doesn't sound like a mid life crisis as you sound young!
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
There is another guy with a mid life crisis here https://www.propertyinvesting.com/forums/help-needed/4346162#comment-272543
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Haha nice one Terry! Had me for a while… I kept opening back up to the same page until it clicked. lol
Terryw wrote:Doesn't sound like a mid life crisis as you sound young!Maybe it's a third of life crisis
I was accused of having one of those when I bought a two seater sports car a couple of years ago….not the most practical family car but the 6 year old loves being taken to school in the "racing car."
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
nguli wrote:Haha nice one Terry! Had me for a while… I kept opening back up to the same page until it clicked. lolclicked – is that a pun?
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Jamie M wrote:Terryw wrote:Doesn't sound like a mid life crisis as you sound young!Maybe it's a third of life crisis
I was accused of having one of those when I bought a two seater sports car a couple of years ago….not the most practical family car but the 6 year old loves being taken to school in the "racing car."
Cheers
Jamie
The whole concept of the mid life crisis is interesting. There comes a point in your life when you realise you will die one day and then next day you wake up with a pony tail and decide to go out in style.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Haha was not intended but I'll go with it…
Chance of being able to grow a pony tail would be good.
Well at least one that hasn't got grey bits all through it.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
possumpal wrote:I have nearly completed 12 months but am struggling to make good money and struggling with the all the ethical things and pressures that comes with sales. I cant see myself sticking with this for much longer.
The first 12 months in RE would be the hardest and you have entered at a time when the number of investors, in particular, are well down on long term averages.
Having said that if you feel as if your ethics are being compromised then it is time to move on. Compromised ethics are not a good thing to have nagging away at the back of the brain stem. Believe me you'll feel better for it.
Good sale people do not need to use pressure techniques – if you feel the need for increased pressure to close a deal I would suggest you are going about it the wrong way. Service first sale second.
I am involved in development projects. I find that if you can make money or invest at wholesale you are ahead of most investors
Nigel Kibel | Property Know How
http://propertyknowhow.com.au
Email Me | Phone MeWe have just launched a new website join our membership today
At what age can you have a mid life crises? I’m guessing 35?
jmsrachel wrote:At what age can you have a mid life crises? I'm guessing 35?Only if you expect to die at 70!
My mid life crisis will happen when I am 50.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Terryw wrote:My mid life crisis will happen when I am 50.15 years ago?
Do you really want to be here still at 100?
omg 100 ? no way i wanna live like a vegetable.
100 doesn't mean you will be a 'vegetable'. I recently watched a british TV show about peole over 100 and they were swimming, going out and one was even running in marathons!!
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
And look at this graph showing average life expectancies in Australia. Each year it is increasing.
http://www.aihw.gov.au/australian-trends-in-life-expectancy/
In 2010 average female life expectancy was 84 years old! In another 40 years this may be up to 100 years.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
You must be logged in to reply to this topic. If you don't have an account, you can register here.
