New to this forum so starting my learning curve hopefully to what i one day can consider 'success' 
Ive read just about every post in this entire thread and it has been an awesome experience and read along with the fishing analogy as well as the Keith getting to a millionaire in 5 years read, both have been saved to read again and understand as i progress in my maturity and knowledge.
Basically i see Property as similar to Gambling/betting and stocks. I am quite a successful gambler but thats not the point. Ive been in the industry heavily for 2 years now and have come to understand (which i think is part of 'the success' ultimatum). In a gambling i sit on a thread and see hundreds of posters say they are getting on this team, hundreds follow because humans really have sheep tendencies. So after that 1.60 favourite has come into 1.20 meaning the underdog has gone the other way, say 2.60 to 4.00 you jump on the under dog going against the Majority of human thought to take what people call the "Value". You might not think its going to necessarily be a winner but you believe it should really be a 2.60-2.80 underdog not 4.0+.
If you do this long enough over a long enough period you will likely end up ahead because you are getting way over the odds than you think it should be, eventually enough winners will come for you to make money, during the way you might go down but long enough youll end up ahead. Its similar with stocks.
A poster mentioned going against the majority. Hes right to some degree, you still need to weigh up whether the 'value' is there.
Ive read and bookmarked some of those Rixter and See_change long post about success. Basically what i think the Success= Action + Decision ect Rixter is very right although he misses one other point and that is to 'Evaluate' and learn from your mistakes. From reading @Rixter has been heavy on 'Action and/or Doing'. You cant change something if you dont do anything. Doing means you can see what you need to change to improve and that comes from evaluating. So yes id say for both these great minds success would involve ACTION as Rixters does.
If you do something enough and evaluate successfully leading to appropriate change eventually you will end up hitting the jackpot to success. Isnt that what we all do in life with anything we are successful in. We do it alot and if we are successful we must have evaluated and learnt alot from doing it. Ill add something else important about learning - you learn from the best and worse. @See_change and @Rixter seem the best but you can also not do what the worse do, its still learning.
FWIW im 23, yet to buy property but am now looking and am starting my research over the past few months. Im unsure if its the right time to buy im trying to work that out. All these taxes, people losing jobs in perth and really hard to get as companies and the government continue to cut back on construction cost? We all know the cost of property correlates with cost on construction and income.
I hope i havnt come across as being a no all because im fully aware i have so much to learn and am certainly anything but a very knowledgeable person yet in this area. Just adding my 2 cents to the discussion and my food for thought.
Go easy on me
Z6 - Also how do i watch threads such as this?
Ive read just about every post in this entire thread and it has been an awesome experience and read along with the fishing analogy as well as the Keith getting to a millionaire in 5 years read, both have been saved to read again and understand as i progress in my maturity and knowledge.
Basically i see Property as similar to Gambling/betting and stocks. I am quite a successful gambler but thats not the point. Ive been in the industry heavily for 2 years now and have come to understand (which i think is part of 'the success' ultimatum). In a gambling i sit on a thread and see hundreds of posters say they are getting on this team, hundreds follow because humans really have sheep tendencies. So after that 1.60 favourite has come into 1.20 meaning the underdog has gone the other way, say 2.60 to 4.00 you jump on the under dog going against the Majority of human thought to take what people call the "Value". You might not think its going to necessarily be a winner but you believe it should really be a 2.60-2.80 underdog not 4.0+.
If you do this long enough over a long enough period you will likely end up ahead because you are getting way over the odds than you think it should be, eventually enough winners will come for you to make money, during the way you might go down but long enough youll end up ahead. Its similar with stocks.
A poster mentioned going against the majority. Hes right to some degree, you still need to weigh up whether the 'value' is there.
Ive read and bookmarked some of those Rixter and See_change long post about success. Basically what i think the Success= Action + Decision ect Rixter is very right although he misses one other point and that is to 'Evaluate' and learn from your mistakes. From reading @Rixter has been heavy on 'Action and/or Doing'. You cant change something if you dont do anything. Doing means you can see what you need to change to improve and that comes from evaluating. So yes id say for both these great minds success would involve ACTION as Rixters does.
If you do something enough and evaluate successfully leading to appropriate change eventually you will end up hitting the jackpot to success. Isnt that what we all do in life with anything we are successful in. We do it alot and if we are successful we must have evaluated and learnt alot from doing it. Ill add something else important about learning - you learn from the best and worse. @See_change and @Rixter seem the best but you can also not do what the worse do, its still learning.
FWIW im 23, yet to buy property but am now looking and am starting my research over the past few months. Im unsure if its the right time to buy im trying to work that out. All these taxes, people losing jobs in perth and really hard to get as companies and the government continue to cut back on construction cost? We all know the cost of property correlates with cost on construction and income.
I hope i havnt come across as being a no all because im fully aware i have so much to learn and am certainly anything but a very knowledgeable person yet in this area. Just adding my 2 cents to the discussion and my food for thought.
Go easy on me
Z6 - Also how do i watch threads such as this?
