When people come to me and say “I really should do something about property and start investing” the first thing I ask is “Well what are you waiting for? Tell me why you have not taken the next step?”
Comments range from the following:
- I don’t know where to start
- How do I know where the right places to invest are?
- I can’t afford it right now
- I don’t have enough deposit saved up
- I’m terrified the market will move
All of the above and the rest that you are thinking about right now can be overcome, that’s what we do, we help you launch yourself over these hurdles (Excuses) that you have conditioned your mind negatively with in order to throw up a STOP sign and hinder your life’s performance……..
Contact us now and we will show you have to turn that STOP sign around, stop making those excuses and take control.
Now the comment that grabs me EVERY time is this……
“Well I need to buy a new car so I really won’t have the cash to play with”
So there are a number of things that make me giggle when I hear this comment, and believe you me, I hear this every day.
The average new family car costs around $40 – $50K, that will get you an average Commodore, Mazda or Falcon wagon, for arguments sake…… Now many people (Lets call them John and Mary) will either save for the full amount/redraw from their home loan or pull some equity from their Primary Residence in order to pay for this little luxury, correct? So what we are saying is that because the goal is in their eyes achievable they have no issue at all about dropping $40 – $50K on a car????? That’s right!
Because they can see it, touch it play with it and the greatest thing….. it gives them a sense of accomplishment and success instantly with a great big lump of excitement thrown in as well. You can’t wait to splash the hose over it on your Saturday morning and wash it, detail it, make it look new again!!!!! John is out there every Saturday enjoying his new purchase……. He has created a sense of self accomplishment and euphoria.
But hang on…… how long do those feelings last for????
A few years?? A few months maybe? Yep that’s right, in 3 months John and Mary’s car will be sitting out in the driveway on a Saturday Morning looking dirty and sad and Mary will be yelling at John to get out there and wash the car…… They end up taking it to one of those dodgy auto car wash places that scratches the metallic paint on your new car that you just paid $50K for….. The feeling of excitement is now a memory…….. Your new car smell is vanishing and mixed in with the smell of your kids mess they have created on your back seat and floor. That piece of cheese from the sandwich you handed to little Jimmy this morning is now tucked down between the seats and is moldy and stinks, now you’re thinking to yourself, did I really need to buy a new car?
This is my point exactly. Did you need to buy a new car? Did you need to buy a car at all? Why did you buy the car???? Like I stated above, we purchase things in order to make us feel happy and excited!! This is great, however, what if we looked at this a different way.
So John and Mary were very comfortable in pulling $50K out of their equity bucket to splurge on a new car. What if we used that cash differently? Here are a few examples of what they could have done.
- Use $50K to purchase 2 x $220k Properties and keep the existing car you have.
- Use $25k to purchase a $220k Property and use the other 25k to purchase a near new car
- Use $50K to purchase 2 x $220k Properties and finance a new car (perhaps through salary sacrifice or a lease at work) – Tax benefits may be applicable for you.
And so on…. There are many examples that I could throw out there, however, just think about this….. What if you got that new car feeling every few months?
Well you can, with property. We can show you how to build a portfolio of investment properties very easily. Once you have momentum you will see not only how easy it is, but also awesomely addictive and profitable.
Don’t forget, CARS are DEPRECIATION ASSETS. Property APRECIATES!!!
So ask yourself, do you want the hit of a new car now, or can you wait a few years to buy the car that you really want, the car of your dreams and have a strong property portfolio supporting itself as well. I can tell you what option I took……….