All Topics / Help Needed! / IF I WAS 25 AGAIN I WOULD …….

Viewing 14 posts - 1 through 14 (of 14 total)
  • Profile photo of Bradles CBradles C
    Participant
    @bradles-c
    Join Date: 2004
    Post Count: 52

    Hi Guys,

    This is a question for all the experienced investors on this forum who have had success and made mistakes on the road to financial freedom.

    Many of you have said ‘I wish I had started investing earlier’.

    What would you do differently if you were 25 again ?

    Profile photo of MonopolyMonopoly
    Member
    @monopoly
    Join Date: 2004
    Post Count: 1,612

    If I was 25 again I would….have been investing already for the last 7 years!!![biggrin]

    Seriously, I wouldn’t change a thing, except perhaps not marry my first husband (the divorce settlement hurt more than the break up)!!! But then I wouldn’t have the two gorgeous kids I have, so nope, I would leave things as they were.

    In hindsight, I have no regrets; I achieved most of my goals, and hope that everyone reading this can say the the same. That to me, is SUCCESS!!! [biggrin]

    Jo

    Profile photo of DerekDerek
    Member
    @derek
    Join Date: 2004
    Post Count: 3,544

    Hi Bradles,

    The only thing I would do differently is to start ‘leap frogging’ my properties a little earlier.

    Other than that a happy chappy here.

    Derek
    [email protected]

    Property Investment Support Available. Ongoing and never stopping. PM welcome.

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733

    Agree Monopoly,

    You are who you are because of all you’ve been through, good and bad..

    Agree i would’ve started earlier as well, i remember my father telling me to get a house ASAP, then i could travel (rent the house out)etc, as i’d always have somewhere to come back to!

    I did it the other way traveled etc and then a year after i came back bought a IP.

    There is a ‘wealth’ of knowledge and knowledgeable people out there nowadays that just weren’t around when i was younger..

    I had an idea of 4-5 of us putting in a deposit then $50 p/wk to purchase an IP, then with the rent etc we could pay it off quick, buy the next one etc.. i worked with guy’s who were in the same sitaution, earning good money and keen, however we had no idea how to structure it..still didn’t untill Melbear explained Unit Trusts…

    Wish i knew that back then..Hindsight is a great thing..

    My advice read, listen and learn..people making big $’s from real estate may be right next to you..you’ll never know if you never ask..

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”
    Count The Currency With This Online Positive Cashflow Calculator

    Profile photo of MonopolyMonopoly
    Member
    @monopoly
    Join Date: 2004
    Post Count: 1,612
    Originally posted by redwing:

    There is a ‘wealth’ of knowledge and knowledgeable people out there nowadays that just weren’t around when i was younger..

    Yes they were Redwing, but like most youngsters (self included) you probably thought you knew it all and that they were full of BS!!![blush2] My how things HAVEN’T changed for the young, even those of today!!! [biggrin]

    Profile photo of qwertyqwerty
    Participant
    @qwerty
    Join Date: 2004
    Post Count: 117

    I think a lot of people are going to say they should’ve started investing earlier.

    On your deathbed I bet you’re not going to remember the time you entered the market and reminisce about the money you made! More than likely you’ll recall the worthwhile people in your life and the positive (hopefully!) legacy you left behind.

    Balance is what its all about and “Do what you can whilst you can” is my motto.

    Profile photo of Bradles CBradles C
    Participant
    @bradles-c
    Join Date: 2004
    Post Count: 52

    I wish I had started at 18 like you Jo ! I was too busy wasting my time at University getting pissed every Thursday, Friday, Saturday night !!! [drunk]

    I eventually got my arse into gear and built my first house at 22. I am currently building my second house and will hopefully use the equity in this property to purchase my first IP !

    I am learning heaps from this Property Investing website and it is great reading about people with similar goals and interests !

    I am sick of getting negative feedback from friends and family members and I am determined to prove them wrong !!!

    I think it is fantastic that you guys are willing to share your knowledge and experience with us ‘beginners’ !!!

    Cheers [thumbsupanim]

    Bradles

    Profile photo of collector jcollector j
    Participant
    @collector-j
    Join Date: 2004
    Post Count: 41

    Hi Guy,s

    I started in real estate in 1989,back then a simple 3 bedroom brick (in Liverpool) from $100,000 to $160,000 and yep did nothing about it NOW look at it!Then again if someone had have said the same house would be worth close to $400,000 10 -12 years later, I would’ve laughed at them.

    Oh well, look to the future.

    my 2cents worth.

    cheers

    Joseph Scarcella
    prime real estate agents
    property management specialists E: [email protected]

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    If I could start again, I would not go to university, but start work asap – maybe in a buidling trade, or finance. And then go and buy as many properties as fast as possible. High growth ones, not cashflow.

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    https://terryw.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://Terryw.com.au/

    Profile photo of Adrian CahillAdrian Cahill
    Participant
    @adriannqld
    Join Date: 2003
    Post Count: 128

    How about helping others!
    im young and started earlyish. I started by not listening to my parents but reading my dads collection of finance books. I was very lucky.
    As we all know the common problem is so many people dont learn or fully understand money till their older. I only have one regret and thats not teaching enough of my freinds about $$.

    Adrian Cahill | AdrianCahill.com Personal Development Expert
    http://adriancahill.com/from-investor-to-coach/
    Email Me | Phone Me

    Here since 2002, however things have evolved over the years.

    Profile photo of AceyduceyAceyducey
    Participant
    @aceyducey
    Join Date: 2003
    Post Count: 651

    hmm – at 25 the Internet was the next big thing but not there yet (Netscape had only just floated. I’d already founded 3 companies…..and the property market was in decline but hadn’t bottomed.

    That’s remarkable similar to today if you substitute another sector for dotcoms…

    If I was 25 NOW I’d also be focusing on non-property assets for the next few years.

    Cheers,

    Aceyducey


    In theory, there is no difference between theory and practice. But, in practice, there is.

    – Jan L.A. van de Snepscheut

    Profile photo of ScullyScully
    Member
    @scully
    Join Date: 2003
    Post Count: 48

    25 is a bit late for me. I’d need to go back to 20. If I was 20 again, I wouldn’t have got married!!! I would have spent the money I had on an investment property instead of buying a house with my husband (which we subsequently sold anyway). 25 was when I actually woke up, and started investing in property. Now I’m pretty damn happy, just wish I’d started a bit earlier. But, I’ve definately learnt from my mistakes.

    Cheers,
    Karen

    Profile photo of NEWGENNEWGEN
    Participant
    @newgen
    Join Date: 2004
    Post Count: 151

    I only just turned 25 in August this year [cap] The world is my oyster! No.. no.. the world is my seafood platter! [king] [medieval]

    Profile photo of SPTSPT
    Member
    @spt
    Join Date: 2004
    Post Count: 10

    If I was twenty five again I would only change one thing …… which is not entrust our savings with a financial advisor. BIG MISTAKE!!! We are now in control of our own future with our rentals, very happy and with achievable goals in place.

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