What can I say except that some people have thicker skulls than others. Some 30 years ago, my wife and I bought our first home - cost $15,000 - within 6 months we were offered $23000 for it (anyone else remember 1973, when prices screamed upward? including gold - which hit something like $800 per ounce...... ???)
8 years later, we sold same home for $45000 (200% in 8 years - sometimes I cringe when I think of it...), we rented for 3 years, then moved to Brisbane, and bought where we could afford for $45000. THAT home screamed upward when Expo88 was on - worth $95000 around '88/'89. Wife sold RE between 87 and 91 - and, early in the piece, we bought our very first IP ($48000), did it up over 2 weeks, rented it at 15% yield, then sold as mortgages hit 18% - sold it for $72000 just 18 months later.
Had a few abortive, (half-hearted?) attempts to "recreate" this over the years - time went on, kids grew up, etc.
Where did all the time go?????
In 1997 wife heard of a radio interview where Robert Kiyosaki was talking about his newest book. I bought RDPD, went "Doh!" - and started searching (slowly) for our future (the age of 50 had also hit....) - since that time, my time and money has been spent on "future benefits": - i.e. buying good books, attending seminars, purchasing IP's, and frequenting forums..
So, what would I tell myself 10 years ago? I'd say "You ALREADY KNOW the answer - just KNOW that you know, and go out there and make it happen again, and again. Don't take NO for an answer, don't let up - keep on swinging the bat, something will connect." Be confident, be persistent - just DO IT !!!!
PS - by the way, wife and I visited that same FIRST home 6 months ago (door-knocked, and talked our way into the place). It had changed hands again after we sold - for $99,000 in 1992 - today it is worth $200k. And we'd paid $15k for it way back when - but didn't keep it!!!! Forget about "knowing what we know now" - we probably knew it in 1974 - but just didn't know that we knew!! Same in '84, and '94 ...... (I think we know now...... )
Anyone else THAT thick????
Regards,
Edited later:- I'd said "40 years ago" but it really was only 30 years back !! Changed it to reflect reality
8 years later, we sold same home for $45000 (200% in 8 years - sometimes I cringe when I think of it...), we rented for 3 years, then moved to Brisbane, and bought where we could afford for $45000. THAT home screamed upward when Expo88 was on - worth $95000 around '88/'89. Wife sold RE between 87 and 91 - and, early in the piece, we bought our very first IP ($48000), did it up over 2 weeks, rented it at 15% yield, then sold as mortgages hit 18% - sold it for $72000 just 18 months later.
Had a few abortive, (half-hearted?) attempts to "recreate" this over the years - time went on, kids grew up, etc.
Where did all the time go?????
In 1997 wife heard of a radio interview where Robert Kiyosaki was talking about his newest book. I bought RDPD, went "Doh!" - and started searching (slowly) for our future (the age of 50 had also hit....) - since that time, my time and money has been spent on "future benefits": - i.e. buying good books, attending seminars, purchasing IP's, and frequenting forums..
So, what would I tell myself 10 years ago? I'd say "You ALREADY KNOW the answer - just KNOW that you know, and go out there and make it happen again, and again. Don't take NO for an answer, don't let up - keep on swinging the bat, something will connect." Be confident, be persistent - just DO IT !!!!
PS - by the way, wife and I visited that same FIRST home 6 months ago (door-knocked, and talked our way into the place). It had changed hands again after we sold - for $99,000 in 1992 - today it is worth $200k. And we'd paid $15k for it way back when - but didn't keep it!!!! Forget about "knowing what we know now" - we probably knew it in 1974 - but just didn't know that we knew!! Same in '84, and '94 ...... (I think we know now......
) Anyone else THAT thick????
Regards,
Edited later:- I'd said "40 years ago" but it really was only 30 years back !! Changed it to reflect reality
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