Seeing as though Ian and Jan started in '72, that's 37 years.....a tad different from 15. Your (+) symbol is more important than the figure in front of it. I guess I'm not as patient as Ian and Jan.
100% agreed.
This statement is misleading. I am sure that Ian and Jan has sufficient cash flow from property investments to lead a very comfortable life much earlier than 37 years (look when Jan started writing her books in the 1990's).
Sure there are faster ways to create wealth, but often increased return equals increased risk (and this includes commercial property).
In my opinion, there is no safer way for the average australian to acquire an alternative nest egg to superannuation than through SLOWLY accumulating a portfolio of averaged priced residential properties.
Where most people come unstuck is they listen to people who have turbo charged their wealth creation strategy (ie 0-130 properties in 3 years etc) without fully understanding the risks of such strategies and that such strategies MAY work within a certain time frame, but they cant be replacated over MOST time frames.
I strongly suggest reading:
http://www.somersoft.com/forums/showthread.php?t=27049
The other great thing about slowly investing in residential properties, is that it is a set and forget strategy. This allows most people to concentrate on their most productive asset: THEIR EMPLOYMENT CAREER.