My brain is crying

Hey Jacqui,

Thank you so much for your reply.
Love the idea re loans. My car is with Toyota Finance on 11% with 15K remaining and my house is on 4.3%. That is a seriously unreal idea. Do I just go to my mortgage broker to refinance that?
Re Phoenix, I rescued her and gifted her to a religious organisation who wanted an horse to check their cows on their farm, but then I witnessed the grossest most wrenching killing of an animal you could imagine and I ripped her out of there. She’s a grand daughter of Sir Tristram I have discovered and was quite successful, but has endured a life of drugs, violence, starvation, and torment. Her name was Quadrille. She’s 15 and costs me about $60 per week. Last night after writing here a stranger pulled over on the side of the road and offered me 40 acres to graze her on as ‘luck’ would have it. I never intended to have an horse but it’s just not in me to abandon her to an uncertain fate. Sigh. But you’re right, I don’t intend to replace her so a whole property is a little extreme.
However, I’m going to get on the phone now and do the car straight away if it’s allowable.

Jacqui you’re wonderful, thank you so so much.

Jo

Hi Jacqui!
As it turns out he spoke to me about all of the above.
I have had two bank valuations done now and the rental appraisal came back this morning at 260-270pw. Depending who we go with I have at the least 76K in equity.
My broker is also a successful investor and specialises in working with other investors (I interviewed several to find exactly that as per Kiyosaki lol) and so we discussed three ways forward from here. Also he’s a financial planner and I poured out all my worries and ideas and also what you said earlier. My position is not as bad as I thought so long as we plan and structure correctly as per your email. I retrieve my licence in 2 and a half weeks and can then actively seeking out property. Trolling online seems to be almost a waste of time. Mostly finished products. I have also seen ‘we buy houses fast’ signs in my area, so whoever that is may have a suitable starter they want to palm off.
I just want to sort my finances first. Identify exactly what I can afford even in an interest rate hike and then I will know which angle to invest from. I think I started this whole thing from the wrong end.

Thank you so much for triggering the path for me Jacqui.

If it’s ok I’d like to let you know what we come up with. Make sure it’s all super cool. This will take a couple of weeks due to my own constraints.

You’re a blessing. You really are.

My sincere thanks to you Jacqui.

Jo

Thanks Jacqui,

I really did. You showed me I had options. Start with the small things. It’s not over. It can’t be if it hasn’t started. You gave me courage to ring my broker. They are super approachable, but I felt down on myself.
You’re a special person Jacqui, in case you weren’t sure :-).

Jo x

I didn’t realise that until I read this Jacqui.
Just because I’m not buying and selling does not mean I’m not using my knowledge or investing. Based on our chats, my conversations with my broker and all our grouped ideas, it seems up to 70% of successful investing would be correct planning and structuring, 20% would be sourcing the ‘deals’ and only that small remainder is actually making it happen. Focusing on the sourcing and the exchange first with only a loose grasp on that foundation would be potentially disastrous.

I don’t feel nearly as daft or incompetent now that I see that. I now also don’t mind it taking extra time. It takes what it takes. I need to respect myself and all my efforts to obtain this knowledge, and the help of others, and use it all to its most careful advantage. Rushing is unnecessary and destructive in this profession. This has shown up a weakness of mine then – a propensity to rush. Now that I know it’s there I can monitor and control it.

Time and discipline. I need to position myself correctly for the win.

Thank you yet again Jacqui.
Xx

Hi Jacqui,

Hope you’re keeping well and that you receive this.
Update:
My PR has been refinanced with ANZ to include my car and tax debt. It is now 180K set up PI offset with 80K variable at 215pw. I didnt jump in interest only straight up. It settled last week. The day after I spent an entire 9 hours on the phone reviewing my insurances. In doing so I have saved myself 2246.64K for the coming year.
Basically my weeky expenses are now down 250. Spare cash is already mounting quickly in the account.
I now have a mortgage broker, accountant, and financial planner all in the property game and servicing investors. My FP is workjng on bring my 5+ super accounts into one SM – more savings.
This is a modest start I know, but I feel so proud, positive, and liberated.
All the hours and hard work I put in to gain the highest certification possible in my employment has also paid off and I now regularly bring in 100 per hour at the weekends to stash in that account ready for my first successful investment property to be.
I still have the horse I rescued. I have spent many hours learning about her condition. I have completely changed her diet and removed her shoes meaning her feet are no longer deformed and suffering from laminitis and she is now able to run normally barefoot on hard ground. The savings are over the top.
I will always keep her because she is the first horse toward realising my dream of animal rehabilitation. Off the track thoroughbreds specifically, and property investment is the vehicle I want to use to get there. I’ve been harbouring this dream for many years, but now I can see it being realised inside of ten.
I think of you often and the advice you gave me. I always smile and get a little teary. This is so important to me. You’ve helped me begin changing my life.
Thank you.
Much love,
Jo

Hey thanks that’s kind of you.
Hope you have an amazing day.
:-)

Thanks heaps :-)