If there are three frogs on a
lily pad and two decide to jump off into the water, how many are left? One ?......
Wrong … Three! They only DECIDED to
jump, they didn’t actually do it!
Are you like the frogs on the
lily pad? Have you DECIDED to do something but haven’t ACTUALLY done it yet?
Ever since you got into the work
force you have been raking in the big bucks, but do you have anything to show
for it? What assets do you have? Your
car? Well that’s a depreciating asset so it doesn’t count for much. You have
been meaning to do something about actually behaving like an adult and maybe
look at buying your first house or investment property, but have you done
anything about it yet?
Maybe you have saved up some
money and have been on the lookout for options. Maybe you have been crunching
numbers on property after property but haven’t really committed and actually
bought one yet. Why? What exactly are you waiting for?
One of the most common reasons
why people don’t invest , even though they
WANT to and probably do realise that they NEED to is FEAR. Has fear
stopped you dead in your tracks? Fear of not knowing what you are in for when
you purchase a property? How the numbers stack up, how much out of pocket you
will be. Fear of making a mistake buying the wrong property, Fear of the what
ifs; What if I lose my job, get sick and have no income to pay for a property? And
the list goes on…
So the answer is DO NOTHING…. Really
?
Once you have decided you need to
do something about creating wealth, you need to take the next step, make a
sensible plan and go for it with your eyes wide open. There are ways to
mitigate the risks associated with investing ( which is incidentally why you
need to speak to a professional and not try to do it yourself) so that you have
all bases covered. The property market offers many opportunities to people who
have the confidence and know how behind them to build up a substantial amount
of wealth but only few actually have done it. Many decided to do it but didn’t.
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