Forums / Property Investing / Help Needed! / Mid-life crisis

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  • Profile photo of possumpalpossumpal
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    @possumpal
    Join Date: 2006
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    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

    Profile photo of NHGNHG
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    Construction and engineering. Good money less labour, mix odds outdoors and indoors.

    Profile photo of Jamie MooreJamie Moore
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    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
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    Profile photo of TerrywTerryw
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    Doesn't sound like a mid life crisis as you sound young!

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
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    Profile photo of TerrywTerryw
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    There is another guy with a mid life crisis here https://www.propertyinvesting.com/forums/help-needed/4346162#comment-272543

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
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    Profile photo of N@than[email protected]
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    Haha nice one Terry! Had me for a while… I kept opening back up to the same page until it clicked. lol

    Profile photo of Jamie MooreJamie Moore
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    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
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    Profile photo of TerrywTerryw
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    nguli wrote:
    Haha nice one Terry! Had me for a while… I kept opening back up to the same page until it clicked. lol

    clicked – is that a pun?

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
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    Profile photo of TerrywTerryw
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    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 / Loan Structuring Pty Ltd
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    Profile photo of N@than[email protected]
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    Haha was not intended but I'll go with it…

    Profile photo of Richard TaylorRichard Taylor
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    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 | Mortgage Broker helping investors build their wealth thru property
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    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of DerekDerek
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    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.

    Profile photo of Nigel KibelNigel Kibel
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    I am involved in development projects. I find that if you can make money or invest at wholesale you are ahead of most investors

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    Profile photo of jmsracheljmsrachel
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    At what age can you have a mid life crises? I’m guessing 35?

    Profile photo of TerrywTerryw
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    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 / Loan Structuring Pty Ltd
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    Profile photo of DerekDerek
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    Terryw wrote:
    My mid life crisis will happen when I am 50.

    15 years ago?

    Profile photo of jmsracheljmsrachel
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    Do you really want to be here still at 100?

    Profile photo of sundeepguntusundeepguntu
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    omg 100 ? no way i wanna live like a vegetable.

    Profile photo of TerrywTerryw
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    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 / Loan Structuring Pty Ltd
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    Profile photo of TerrywTerryw
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    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 / Loan Structuring Pty Ltd
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