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ok this is probably going to sound a bit ‘off’ but I disagree. Investing is a huge committment (im a complete amateur and have already worked this out) in terms of time and effort – which begs the question of having personal time. If you are anything like me, investing is all consuming and I think that you need an outlet away from the industry. You will pick up the necessary info as you go, so Id suggest focussing on an area which you feel you can sustain long term employment in – combined with your sanity.
Short version: as a psychologist I can say that it is wiser to take a broad knoweldgable approach to life than an intensified narrow perspective. Attempt to gain knowledge in all life areas, not just investing! Otherwise, you may run the very real risk of becoming burnt out and throw your plan away. Have some ‘me’ time!!! Do what you love – you have spent long enough at uni to have a decent career, not just a job to pay bills with and yep, your career will be the vehicle to your goal of financial independence, but what is the point if you are miserable and dissatisfied.
I refer you to Steve’s first ‘bible’ – he left his paid jobs as he was dissatisfied, to enter into what stimulated him. You come first, investing is just a means to an end.
Hope it helps
sorry for cashing in on the conversation but i was wondering, how does a newby go about finding out if a property can be strata’d? Is it a case of simply looking at zoning or is it something that you need to obtain from the council??
sorry to double post but I guess I am asking advice on the age old question here – at what point do you stop forging ahead with gusto to pay off your own home and invest in additional properties? Is there a ratio that is generally applied or is it a case of ‘when the right IP opportunity arises’?
I have read so many books and am so confused….[confused2]
