Okay, my problem isn't that I don't have any information to get started. It's 2010 - we have information at our fingertips. That IS my problem. I have spent the last year and a half reading and reading. I feel like I'm getting nowhere. You read one thing, then you read another and it contradicts what you just read. You come online here and seek advice, you read one users post which seems to make sense, then someone else counters it with other arguments, bottom line - I feel as though with all this information bombarded at me, I will NEVER make a call on my own.
Snapshot of me -
20/m/Australia, Public Servant - 54,000p/a income. No bills
Started work September 2009, have saved $16,000.
Goal - Increase my net worth so I am wealthy at 30 and free at 40, when I say free, I mean free of that stupid office so I can do whatever I want in life. I am happy to work a job I don't love/don't hate.. because I have fun outside of these hours and can manipulate the money I take home to get me out of there eventually.
Problem - All the conflicting opinions that are stopping me from making a decision, sick of my parents giving me advice, I know they're my parents but I feel as though I shouldn't be taking advice from them, considering where they are now is not where I want to be in the future. They play it too safe, with their term deposits and boring bonds, and all they have is a paid off home in an average suburb with enough money to live a simple life. Good for them! I'm proud, but that isn't what I want, and honestly I'm a bit tired of them saying i'm greedy and evil for wanting more.
What to do?! Keep reading, or just go buy a home and rent it out?! I don't want to be one of those fools on news.com.au who say things like 'If only 6 years ago I had have.. blah blah blah' That's wasted time. I'm sick of worrying about my financial future, I'm not your average 20 year old obviously, I've just taken a good long hard look around at 90% of those around me and decided I don't want to do what they're doing, that is .. lead a boring life where they're chained to a desk and stuck in debt til they die. I want more than that.
I think I'd feel better if I started taking some actions, even if they're small ones.
Snapshot of me -
20/m/Australia, Public Servant - 54,000p/a income. No bills
Started work September 2009, have saved $16,000.
Goal - Increase my net worth so I am wealthy at 30 and free at 40, when I say free, I mean free of that stupid office so I can do whatever I want in life. I am happy to work a job I don't love/don't hate.. because I have fun outside of these hours and can manipulate the money I take home to get me out of there eventually.
Problem - All the conflicting opinions that are stopping me from making a decision, sick of my parents giving me advice, I know they're my parents but I feel as though I shouldn't be taking advice from them, considering where they are now is not where I want to be in the future. They play it too safe, with their term deposits and boring bonds, and all they have is a paid off home in an average suburb with enough money to live a simple life. Good for them! I'm proud, but that isn't what I want, and honestly I'm a bit tired of them saying i'm greedy and evil for wanting more.
What to do?! Keep reading, or just go buy a home and rent it out?! I don't want to be one of those fools on news.com.au who say things like 'If only 6 years ago I had have.. blah blah blah' That's wasted time. I'm sick of worrying about my financial future, I'm not your average 20 year old obviously, I've just taken a good long hard look around at 90% of those around me and decided I don't want to do what they're doing, that is .. lead a boring life where they're chained to a desk and stuck in debt til they die. I want more than that.
I think I'd feel better if I started taking some actions, even if they're small ones.