There are no hard and fast rules when it comes to property investing and renovating and the answer you will often hear when you ask the question of should I get into property is “It depends”.
It depends on what stage of your life you are in, what your goals are, what skills you have, how much time you have, what your risk profile is and what your financial circumstances are.
It is never too late or too early to start building your property portfolio so long as you are clear on your why:
- Gen Y may want to get a foot in the property door
- Gen X may want to accumulate and build wealth
- Baby Boomers may want to set themselves up for a comfortable retirement.
Once you have your why clear the next step to ensuring property investing success regardless of your age or circumstances, is to have the right mindset and focus.
When it comes to wealth creation through property investment, a financially independent person puts a high value on wealth. They have a higher than average probability of success because they think about investments, they focus on it, they study it.
The Block contestants Kyal & Kara will join me to show you how to ensure you have the right mindset and some simple strategies so you can buy, renovate and sell properties successfully.
What separates the dreamers and the doers is this value they place on prioritising wealth creation ‚Äì they will be studying it, they will be reading magazines and newspapers and keeping current with what’s going on.
Importantly they also make sure they are associating with people who are already farther along the pathway and can mentor them and they place more emphasis on their long-term vision than immediate gratification, they aren’t looking for a quick buck.
If you want to sharpen your investing knowledge and skills I invite you to the next genXwomen function on Tuesday, 10 June 2014 at 5.15 at Harper Property Agents.
Bookings essential online.
A seven-times published Author, her latest book “It all Starts with UQ Power” aims to spread the message that people's unique personal strengths are the key to unlocking their potential. Her popular podcast, The Theatre of U has seen her dubbed Australia’sOprah as her interview skills and unique deck of question cards delve deep into what makes people tick, their passions and their purpose.
Heidi Alexandra believes in the goodness of people. She teaches body language and the power of human-to-human connection. She’s proven it is possible to transform companies, attract brilliant talent and create sustainable growth by building a great culture. Which is why she’s on a mission to eradicate the term ‘Human Resources’.
She is the Co-founder of Human Power, based on the UN sustainable development goals and Board Member of the Got Your Back Sista Charity. Outside of work she is an avid reader, property investor, motorcyclist, vegetarian and a lover of style, minimalism, tiny houses and walking in nature with her dogs. She believes the best measure of your success is how you use your unique human power to touch the lives of others.