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Monday, 7 December 2015

Love your friends, just don’t listen to them!



How many times have you been told by your friends ‘why would you want to invest?’
That’s why friends make the best mates but don’t always give the best advice.
Our friends influence our lives so much, it’s easy to take their advice on board.
But the friends who tell you to sell everything, just enjoy life, are also sometimes the people who don’t actually own any property.

Not that there’s anything wrong with that of course, some people can’t afford it or simply have different priorities.
But for me, it has always been a case of sacrifice now, enjoy later.
We’re such an instant generation and life always seems to be about instant gratification.
But property is a different ballgame. It can take years for the plan to be fulfilled.
Nevertheless, I would hate to think what life might be like 20 or 30 years down the track without investing, and the prices you might have to pay by then.
If you’re still ‘enjoying life’, chances are you’ll still be paying someone else’s mortgage
It’s those who invested who will in fact be ‘enjoying life’ while those who did nothing might find they have to start making sacrifices.
Those who invested often made sacrifices and it can take a long time for property to become cash flow positive, but I truly believe the best thing is to listen to those who have already done it and simply copy their recipe.
You know your friends mean well, but face the facts, you have different priorities.
 If you keep just ‘enjoying life’ you’ll be doing the same thing when older and that’s another whole property cycle away.
You would hate to look back with regret, knowing you never tried or never did anything for your future.
Love your friends, just don’t always listen to them, especially when it comes to your financial future.

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