Hi all,
I am sure this has been adressed before but I wanted to quickly discuss one thing.
I come from a very educated family where my parents always held good jobs. While my parents had money, we were never rich or wealthy and our family immigrated from Europe just under 20 years so my family had to start afresh with nothing.
I have been reading about investing in shares and also RE as well as building my own business. And for those who have read Robert Kiyosaki (sp?) "Rich dad, poor dad" I feel exactly the same.
My dad is totally against me getting into RE investing. He considers it wrong and a bad way to make money. He is also against me doing the online business which brings really good CF. When I ask how should I make money, he never gives me a straight answer... but I guess he just does not know any other way or thinks that you should either have a big salary or design some clever idea for a business product/service that sells well.
I have had so many arguments with him over this, I have just given up. I am not talking about investing with him anymore as it only ruins things between us.
My dad was never rich, he never bought property for investment purposes even though when they bought their PPOR in 2002 just before the boom for under $200,000, their house is now worth around $600,000... I am just surpised that my dad cant see the huge potential with RE investing.
My mum is cool with it, she just tells me to be careful and not get into any financial trouble, while my brother thinks that before I even get into buying my first IP (I have bought my PPOR last year) I should pay off most of my PPOR mortgage.
Anyone else have similar people in their family that discourage you from success? And how did you deal with it?
I am sure this has been adressed before but I wanted to quickly discuss one thing.
I come from a very educated family where my parents always held good jobs. While my parents had money, we were never rich or wealthy and our family immigrated from Europe just under 20 years so my family had to start afresh with nothing.
I have been reading about investing in shares and also RE as well as building my own business. And for those who have read Robert Kiyosaki (sp?) "Rich dad, poor dad" I feel exactly the same.
My dad is totally against me getting into RE investing. He considers it wrong and a bad way to make money. He is also against me doing the online business which brings really good CF. When I ask how should I make money, he never gives me a straight answer... but I guess he just does not know any other way or thinks that you should either have a big salary or design some clever idea for a business product/service that sells well.
I have had so many arguments with him over this, I have just given up. I am not talking about investing with him anymore as it only ruins things between us.
My dad was never rich, he never bought property for investment purposes even though when they bought their PPOR in 2002 just before the boom for under $200,000, their house is now worth around $600,000... I am just surpised that my dad cant see the huge potential with RE investing.
My mum is cool with it, she just tells me to be careful and not get into any financial trouble, while my brother thinks that before I even get into buying my first IP (I have bought my PPOR last year) I should pay off most of my PPOR mortgage.
Anyone else have similar people in their family that discourage you from success? And how did you deal with it?