Sorry To Pour Out My Heart Here...
- Thread starter Watermelon Man
- Start date
I'm sorry to pour out my heart here but I feel so lucky or amazed at what has happened to me in the past 9 months.
9-12 months ago I felt depressed from working my butt off in a job that was going nowhere with employers who didn't appreciate the work I was doing for them; earning $35,000 for the past 4 years with 2 small pay increases over that time; wondering if I was ever going to move on to a better job & a better life! I ended up quitting as I could no longer put up with the stress, pressure & heavy workload & not feeling appreciated; both emotionally & financially.
I had no job to go to; but found the job of my dreams 2 weeks later (which I still have) & have seen my income soar instantly to around $50,000 & will make around $67,000 for the year to date in September.
I bought my first IP in late March for $4,500 over asking price for $192,500 for around 15% under market using some equity from my existing PPOR; now valued conservatively by bank valuer at $220,000 3 months later (present time).
Only 6 weeks after I settled on the first IP above; using equity again & some cash I bought my 2nd IP in the same complex (I'd always wanted to buy this unit) & paid full price of $160,000 around 15% again below market price, & I just received Full Finance Approval on it!!!
I had tears flowing 3 nights ago; amazed at how my life has completely turned around in the past 9 months. Being around 3 positive & very supportive & encouraging/appreciative bosses at work (to whom all walk the talk with their own financial successes) as well as being on this forum has made a big difference as it's OPENED MY EYES TO SEE WHAT IS POSSIBLE TO ACHIEVE in life. I'm in tears just now writing this as I'm still amazed at what I've accomplished so far.
Being at my old job around a lot of negativity - I believed for a long time that I wasn't worth much.
Many thanks for listening. All the best to everyone!
CONGRATULATIONS WM !!
More and More I learn about the mindset as well, you'll certainly change it as you progress without realisng until after the fact
Don't be sorry about the post, its Cathartic to get it out; you've done very well compared to most who wouldn't even take the first step and should enjoy the achievement, people here are very supportive
No, it is not some strange means. The universe channeled all energy to work in your favour. You become what you think. In your mind, you have already seen that change, and it became a reality for you when you turned 30. Congratulations!
Dry your eyes blubber boy, you're playing with the big kids now!
And welcome to the club!!You've gone through an amazing life inflection point which has obviously been overwhelming. Congratulations for navigating it successfully and coming out in such great shape for the future.
The trick now is to project forward 5 years or so and envisage what you'll look like then. This is just the beginning. You've turned an important corner but don't rest on your laurels. There's a heap of people on this forum that will help you evolve to be the best you can possibly be. Step up to the plate and grab that opportunity, you deserve it! We'll be here to help you on your journey and revel in your successes.
Life is your oyster now, get out there and devour it!!
Well done mate,
Michael.
Maybe it is something to do with turning 30, I said to myself in this last year, right time to stop mucking around and get out there into the property field again. It's amazing what you can achieve when you just get out there and get it done.
Well done to you and stay positive.
Bronwyn.
Well done to you and stay positive.
Bronwyn.
Parents are funny things. My oldies are getting close to retiring, have lived in the same house for ~36 years, won't touch the equity (don't want to risk the family home).... when we were discussing our recent purchase (still conditional), their response was "wow, that's a lot of debt"....
Good to hear yours are supportive - mine will be eventually I'm sure!
Hi WM,
It was really nicely worded message mate. Must congratulate on your successes so far. Seems lot is common between us. I turned 34 in January. I moved to Australia 1 yr back and working in a similar environment as yours. Just got another job paying me well.
Bought my first IP this month. Going through the settlement phase. Planning to buy 2nd IP in 3 months time.
Once again keep sharing your experiences and good luck.
Cheers
Don't sell them short. They or their parents have lived through times that we can only imagine. Depression, world wars, rationing etc. Their perceptions of risk are very real for them and no doubt we would share them if we had seen more than we have of history.
Again my sincerest thanks to everyone for their wonderful thoughts! I wish I could tell you all about the next purchase in the coming 3 months; but like my MB said; I think I'll be waiting at least 6-9 months before jumping into the market again. Cheers to all!
WM, this is a fantastic story... you should be proud of yourself... well done!
Now, pull yourself together & back to business. How many units are in the block? Let's start to think a little bit ahead... In another years time, do you think you can get another one? What about in 5 years, how many could you have?
Good luck mate
Steve
Just settled yesterday on the 2nd IP! Yippee!
Now I've got $half-a-mill worth of debt...& loving it...hahaha! And I can't wait for the next "great buy"; hopefully next year after I've built up some more savings & equity in the 3 properties. On to the next one!
Congrats WM...tis a wonderful feeling to watch the portfolio grow! Well done!Just settled yesterday on the 2nd IP! Yippee!
