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From: Shane .
My situation is as follows:
25 yrs old, reasonable job (~$50k), still living with parents.
I've been working for 2 years and haven't done a whole lot with my money (apart from spending it). I've read Rich Dad Poor Dad and just wading through Cashflow Quadrant; purchase and played Cashflow 101 and apparently proven my financial knowledge. I agree with Rob K, and can see the benefits of investing.
I've been contemplating my investment options and have been thinking about property. I've got a minimal investment in the stock market, and a few $k in the bank. My problem is I'm having trouble deciding what to do. The reason for this I think is my lack of knowledge about the "in's and out's" of investing in property and what to look for etc.. I've just ordered "Building Wealth through Investment Property" hoping to learn some of the basics.
Added to my lack of knowledge, I've heard a bit about the $14k government grant and am more confused now.
I'm happy living with my parents (makes for excellent savings), and comfortable with taking risks, however I'm not sure if I should buy an IP now, or purchase/build a "home" of my own using the governments grant and then look at other IP's??
So I'm looking for other places to research/learn about investing in property, or some advice on which is the best option for me????
Thanks in advance
sm
My situation is as follows:
25 yrs old, reasonable job (~$50k), still living with parents.
I've been working for 2 years and haven't done a whole lot with my money (apart from spending it). I've read Rich Dad Poor Dad and just wading through Cashflow Quadrant; purchase and played Cashflow 101 and apparently proven my financial knowledge. I agree with Rob K, and can see the benefits of investing.
I've been contemplating my investment options and have been thinking about property. I've got a minimal investment in the stock market, and a few $k in the bank. My problem is I'm having trouble deciding what to do. The reason for this I think is my lack of knowledge about the "in's and out's" of investing in property and what to look for etc.. I've just ordered "Building Wealth through Investment Property" hoping to learn some of the basics.
Added to my lack of knowledge, I've heard a bit about the $14k government grant and am more confused now.
I'm happy living with my parents (makes for excellent savings), and comfortable with taking risks, however I'm not sure if I should buy an IP now, or purchase/build a "home" of my own using the governments grant and then look at other IP's??
So I'm looking for other places to research/learn about investing in property, or some advice on which is the best option for me????
Thanks in advance
sm
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