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Property Investing: An Amazing Potential For Wealth For You

One of the greatest types of education you can have

, is taking action. There is no better way to learn. Will you get it right the first time? Unlikely. Will you learn a lot from your mistakes? Yes!

My husband and I have made mistake upon mistake with our property investments. However, property investment has been very forgiving to us. Even though we have made many mistakes, our wealth has still grown and we are in a much better situation than if we had done nothing at all.

By getting in there and taking action we are learning. Over time and by experience we have worked out our own investment strategy that will eventually enable us to live our Primary Aim.

Yes, you will make mistakes along the way; yes, there will be tough times along the way; yes, there will be negative consequences of poor decisions you may have made, however I believe the greatest mistake you can do is to do nothing and accept your current reality if you desire so much more.

Here's a story to get you thinking ...

There were two very close girlfriends who grew up together and shared many adventures in life. Let's call them Ashleigh and Sophie. Ashleigh and Sophie went to school together, worked together in their first casual jobs after school, went to university together and completed the same degree, their boyfriends were in the same football team, they both got married when they were 28 and lived in similar homes two streets away from each other. On completion of university, a multinational recruitment firm hired them both. Their careers progressed in different directions in the same firm, however by the age of 35, they were on almost identical salaries to each other.

One major difference between Ashleigh and Sophie was that in terms of personal finance Sophie was conservative and Ashleigh was quite progressive and open-minded. Sophie and her husband purchased their own home when they were 30. Sophie was quite happy to progressively pay off their home, and perhaps one-day buy their dream family home on a larger block closer to the country. Sophie and her husband both worked in full-time jobs with large companies and were satisfied that their superannuation would meet their requirements when they hit retirement age.

Ashleigh, on the other hand, was quite open-minded about investing. Ashleigh and her husband had a plan to own three investment properties by the age of 40. By the age of 65, Ashleigh and her husband had built a portfolio of 10 investment properties.

Sophie and Ashleigh both worked for the same multinational recruitment firm for their entire working career. They both retired at the age of 65 with a very similar balance in their superannuation fund.

Ashleigh and her husband had purchased all 10 of the investment properties in a coastal town city called Stadtone.

Now in 2035, the year Ashleigh and Sophie retired a devastating flood hit Stadtone. All 10 of the properties were totally destroyed. To make things worse, none of the houses were insured and the land plummeted in value due to the devastating nature of the floods. The local council reclaimed the land with a plan to return it to crown land. Their property investment portfolio was worth nothing.

Even after the devastation of losing a property portfolio that was worth $10 million at the start of 2035, Ashleigh and her husband were still in exactly the same position as Sophie and her husband. They had their superannuation fund and the home they lived in which was fully paid off.

The moral of the story is, what have you go to lose. Even if you lose all 10 properties in a devastating flood (highly unlikely), you are still going to be in the same position as those who have done nothing. It is far more risky to do nothing. However, if you do something you have so much potential of actually finding amazing results. Ashleigh and her husband had the potential of $10 million.

Don't let fear hold you back from doing something truly amazing with your life. Get educated, put a foot in and get excited about the potential of what may be.

Be excited by the potential of what could be, rather than the energy drain of what might go wrong. Sure, get educated and ensure you are making informed decisions and moving ahead based on analysed, informed decisions. But move ahead, stay positive, get excited and there's no telling what you can achieve!

by: Suzie Crawford
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Property Investing: An Amazing Potential For Wealth For You