Feeling like I'm stuck!

then why isn't everyone doing it?
I find just generic drivel.
Buffet drinks cocacola and eats peanut brittle. Will doing that make you a billions too?

 

Thanks Wylie. My fiance is also on a decent paying job so together we consider ourselves fortunate to have been able to afford the PPOR (both IPs in Western Sydney). Financial burden has been fine to date and we've been careful not to stretch ourselves knowing the market could potentially turn over the next couple of years.

The suggestion about finding a less stressful job is a good one and we've thought about it a lot recently! Part of the issue is learning how to balance appreciation of what we already have vs. keeping the ambition to achieve more - but I guess I'll keep figuring that out in time. I've also heard having kids will completely change your life goals / mentality, so I'm looking forward to that!

 

Come to the meetup at Wenty leagues tomorrow night and have a chat

Just in early 30's, 2 IPs in Western Sydney and a PPOR. Great stuff.

Yep, I'd just say work in a job you enjoy and I think wow, awesome.

 

I have NONE of the listed characteristics ...i guess i am an ultra low achiever.

 

Better google low performer

 

That is me..... read about low performers....meet all those charateristics.

Ya honor I ist guilty.....

 

Thanks Gockie - would love to but unfortunately struck down by COVID. I'll keep an eye out for the next one!

 

The link I posted on ‘high achiever’ was tongue in cheek, never mind, seems to have backfired.

 

My apologies ya honor .... I blew up ya post...

 

Rome wasn't built in a day. You are here, reading from many who have been playing this game for many years, and possibly feeling like you may be falling behind when you hear of what others have done. Sheesh, our first IP was back in 1998. Remember that your family is the priority, not buying hundreds of properties. Get the family and stress levels on track, and good things will happen in the future.

 

Start by asking yourself why are you "thinking about chasing salary / wealth / bigger house more often than not" first and take it from there. And i mean really dig deep and answer it as sincerely as possible. Whys can be sometimes very difficult to answer...

Do you want these things because they bring you/your family satisfaction/meaning or is it because you are comparing yourself to others or is it because of social pressure from family/fiance ...

Please note that all my previous suggestions are hypotheticals and just to prove my point about the importance of being sincere with your self no matter how hard the truth is and I don't mean to say any of them in a negative way.

 

No offence taken at all, I've been asking myself that question a lot after the past two crazy years. To be honest it is primarily driven by my social circle as they're all high achievers - and sometimes you can't help but want to try "keep the pace".. (which obviously isn't the right way to go about it). I just need to learn to reframe my thoughts I guess.

 

Thanks for that. Indeed, the right mindset is crucial especially while around high achievers as your mindset can either set you for success or failure.

On one side, having high achievers around can be great as they can be a good guide and someone to look up to but on the other side of things, them being high achievers might make you feel inadequate sometimes. This was at least my own experience around such individuals.

I personally really benefited a lot from reading "The Subtle Art of Not Giving a ****" by Mark Manson. Great book that cleared out a lot of things to my mind especially about what I really care/don't care about and helped me shape a good mindset about many things that were troubling me in life.

 

It might help to start with the end in mind... what are you working toward?

For some it is hard numbers that motivates them. A specific tangible dollar target, or asset base, or passive income.

Ours evolved from numbers to more of a vision... we just want to be able to do whatever we want whenever we want. We're still working on it but every day we work hard is another day we're closer to realizing that vision.

You also need to be able to enjoy the journey. You can't get longevity out of a career/job that you don't enjoy and this was me for many years in the later part of my PAYG career. Soon as I made a change with that, life changed considerably for the better.

 

Not the first time I've had this book recommended to me! Definitely on the list.

 

Thanks Morgs. Dont have a hard number in mind but it's definitely working towards a level of passive income that allows us to be financially independent say in [20?] years...

Regarding PAYG careers, my (perhaps uninformed) view is that you'll struggle to find fufilment until you start working for yourself. I need to figure out what I can start up myself at some point but for now will just have to keep working hard!

 

Don't forget about your health along the journey. It is something you don't compromise on.
Money can't buy back your health.
No point amassing a massive wealth if you are too sick to enjoy it.

 

It is not just PAYG careers .... lots of people in business who also feel trapped.

This is a personal journey to do you. I found I like to do my own thing...and even working for myself would be too hard if it was constant.

I just do me now....and love..... have not had a permanent routine type of job for over 3 years...I exited at 51. I just do property now and love it!

Most people talk about freedom.... sadly only 0.5% will actually do and execute on their plans.... all those stories of people becoming BAs and Mortgage broker is just swapping one job for another in a different format.

 

Okay, a bit of an update:

Currently I'm not really feeling stuck any more.
I increased my rents by $20k since writing this, which will come in handy once my loans come off fixed in less than a year.

Last week, I had to pass up on buying a property next to one of mine on the Central Coast that I had been planning to buy for a decade if it ever came up for sale, so that I could develop.
One reason is raising the funds would have been difficult, but the other is that much of my focus has gone into my company that designs and sells high quality lithium batteries. I started it just over a year ago. I'm still netting less than I do in my PAYG job, but I feel it does have a lot of potential, so much so that I will be taking three days a week for the rest of the year off work to work on the business.
I definitely have a lot of things that I still need to figure out and need to partner with someone at some point, but it's been quite an enjoyable journey. I now have a patent (pending) on a hybrid starter battery that can't accidentally run flat and might well outlive your car, for example.
I was working with another forum member for a while and he was great, but I had to call a pause to it a few months ago when I really didn't know which way was up. I was unsure whether I was going to close the company or give it a real go and jumping back and forth between the two.

So between that and having two kids (and still 13 tenancies), I simply haven't had time to feel stuck!