24 y/o new investor from Sydney !

Hi everybody!

This website has popped up several times in my reading so thought I'd join the community

Decided this year to begin learning about investing (property and shares) so I can live the dream of financial independence. Got my share portfolio all sorted so I've started learning about property investing! Reading list so far for property is:
- Making Money Made Easy by Noel Whittaker
- 25 Years of Witt & Wisdom by Noel Whittaker
- How to Achieve Property Success by Margaret Lomas (currently reading)
- From 0 to 130 Properties in 2.5 years (to be read)

Would love to hear any recommendations for books/resources/advice/tips from your own personal experience and looking forwarded to getting involved in the forum!

 

richest man in babylon, it's more general advice but i'd highly recommend it

 

Well done for starting so young! @MsAli and I started at 23 as well, and property has worked great for us.

Have you looked at the Somersoft Forums?

Tips from personal experience - buy as quickly as you can, ensuring you "do your numbers" and not buy at the peak of the market; and don't listen to the naysayers when we started a number of people looked down on us investing in Western Sydney (not that much as changed haha ) - we worked out a formula that worked for us, and will continue to work for us.

Good luck!

 

Welcome.
I've oly read a handful of books in my lifetime, but the ones which turned the lights on we're Rich Dad Poor Dad and The Richest Man in Babylon.
The rest came from audio stuff from Anthony Robbins, Jim Rohn, etc.

 

Yes I've read this book, liked it very much. Good simple read.

Not yet, I am having a look at it now. Is it similar to this forum??

 

Yes, PC's predecessor

 

Hi @Tito Maldi , welcome to PC, it is a very good starting point. in addition to the books you are already reading, you might find it beneficial to work on personal development/mindset as well. at the early stage of property investing, it is quite technical ( research, cashflow analysis, tax, legal, ect.), after a few purchases, the mindset starts to play an more important role in the investing journey. Aim higher, think Bigger.

here are some of my books, hope they could give some ideas.

@Leo2413 will be able to add more.

all the best.

 

Welcome to the forum. I'd put John Potters 'A property investors guide to negotiating' on the to read list. No point mastering a strategy without negotiating skills.

 

Some nice reads there Eric

 

thanks Jess. there is a long list of audio books on my phone, listening to them everyday. "Mindset: The New Psychology of Success" by Carol S. Dweck is also a star.

Podcasts are nice to have as well.

I am sure you have a long list of books as well. . Investors who came a long way on the journey often have 2 categories of books: technical books and mindset/personal development books.

 

I've got the hardcopy of Carol Dweck - one of my favourites. Should be a must read for all parents ans teachers too.

 

Also I'd add just hang out on PC on a regular basis,
Learn by osmosis.
I found it more effective than any book

Edit: also congrats on the early start.
I started at 21 (albeit without method),
I'm now 26 and it's amazing how fast things accelatate

 

Thanks for all the recommendations everyone

Yes I'm finding its just good reading the forum (reading a lot about Queensland at the moment) Talks more specifics than some of the books.

And I say starting at 24 but the reality is, I think its going to be awhile before investing. Currently on non-tax deductable scholarship income for next 2-3 years (doing my PhD) so no room for any tax concessions. Working on saving money for a deposit so I can enter the market as soon as possible and learning so I am well prepared

 

Welcome @Tito Maldi
Feel free to come down to the Sydney CBD meetup tonight. Link below
NSW - Sydney CBD Meetup No. 4 - Thursday 15th December