Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
It very much depends on ages and stages.
At the beginning, most investors are mortgaged to the hilt and very cash poor (been there).
Towards the end, where we are now, we are probably both asset AND cash very-well-off (don't know where "rich" cuts in).
Marg
What about the commercial investors out there?
Hi guys,
Just wondering what the 'norm' is for most property investors. Are you cash and asset rich, or cash poor and asset rich?
What about the commercial investors out there?
I realise the term 'rich' is subjective, but I'm interested on how you consider your own situations.
Can anyone comment on how many IPs and how many years in the market one needs before they begin to see the "compounding" effect work its magic?
.
Compared to many people, i'm poor all round, but i'm quite happy with what we've got, both cash & assets, and i'm also very happy about the potential we've got in the near future.
Being proud & happy with what you have does kinda make you feel rich, and that's what is important i think. It's also easy to be happy for others when you feel good about yourself. There's a quote which is kinda true and went something like Being gratefull allows you to feel rich.
If you look at everyone else and just get jealous, making negative comments like a bitter old person, then it doesn't matter if you have billions in cash and assests, you'd be & feel in a very poor state.