Partner is slowing me down!

Sometimes it can be beneficial to have slightly different opinions as this leads you to more carefully assess your own decisions. Two high risk takers is more likely to end badly IMO.
Enthusiasm and drive mixed with caution and careful analysis is the perfect mix.

 

Are there are any other barriers stopping her? E.g Planning on having kids.

 

Thats actually a very good point, and for some reason hadnt thought of it like that. I suppose its all very frustrating because of the way the Sydney market has gone, and what we 'could of had'. If things have had gone the other way I would be praising her and nobody really knows for sure what the market will do. I like this comment

 

Yeah there has been actually. First it was the whole engagement party, ring, wedding, honeymoon thing that cost a bomb and definitely slowed the old investment train down. Then bub came along. I suppose I thought after all this, we would be steaming ahead with investments but it hasnt been the case. But I am happy with everything that I have and I have no regrets really, but I suppose I feel like the barriers should be removed now. Still, wifey just wanting to nest and be stress free- which i do understand, but I just want to the opposite.

 

@Inov8ive

i was in same situation when we started in to IP journey. Couple of successful venture bringing back few hundred K certainly helped easing a situation!

 

Friend of mine bought a investment house in Rosebery nsw in 2012 whilst engaged and didn't tell his partner until after settlement, due to her being absolutely against debt.

Pretty much doubled since. Now she is so pleased he did

 

I used to have this mindset, but then I read a book that totally turned my thinking around, "Rich Dad Poor Dad" by R. Kiyosaki, perhaps gently ask for her to have a read with an open mind.

 

Yeah I have tried to get her to read Kiyosaki among others (best book ever), but she just really has no interest at all. She is a dance/drama teacher and is much more artistically interested than she is financially interested.

 

Not sure this is a good thing. What if the purchased tanked.

 

well dont go forcing it onto her. its ok you have different interests @HUGH72 raised a good point - you can compliment each other. (she'll be dancing when you hit the big time!) just keep her informed what your plans are and the expected outcomes, plus any risks. set a time to sit down and go through it before you start signing stuff, id say she'll find it painful but it needs to be done, then hopefully after the chat your both happy to carry on.
dont bother forcing her to meetings or to sign up here, let her make her own decisions. my wife thinks im having an affir chatting away here and getting skype messages popping away! we just sit down every now and then and have a chat with plans. she loves long term planning so she throws in "buy IP 2016" etc so its on her radar now

 

Then the friend need to handle all the monetary loss, not the now wife
And I think if you ever need to make big decision that affect your partner without telling him/ her, better be darn sure it's a good one.

 

Is it actually a debt fear factor or a "you aren't around" factor?

I'm quite hands on the planning piece and i constantly check on the properties during the renovation stage, so even when I'm home, my mind is elsewhere.

This is why my wife made me promise that I wouldn't buy ANY property when my daughter was born. At the time I still had serviceability (even with her on mat leave) and equity and Sydney prices were only starting to take off.

Could easily be $500k better off (equity wise) given what Sydney has done, but none that would have mattered if she felt I wasn't supporting her.

I'd rather be $500k worse off financially and happy, than $500k better off and lonely.

 

I gave the misses a choice: we work until we are 70 years old and struggle living off superannuation or we can sacrifice non-essentials now and retire early with a very comfortable lifestyle in the future. No problems after that.

 

Seems open to logic

 

There should be an attitude to investment property criteria in Tinder.

 

Did you have any IP's before you met your wife? Or have you bought those 4 IP's together?

I am in negotiations with my GF about investing. She has been pretty good so far but I can see she is much more cautious than me. I have 3 properties and she has 1 so at least she is in the game. We are talking of her moving in and renting out her PPOR. Once this happens she will have the serviceability to get another one so that is our (my) next goal I made it very clear to her that I am very financially minded and want to set us up early in our life, she hasn't left so she must be cool with that

 

I think it may help if you took her to a seminar or something positive to do with wealth and real estate.

I like the idea:

Its a good way to sit down and talk and just look at the bigger picture

 

If you've got some cash or made some gains recently why don't you stop to smell the roses so to speak? Go on a holiday, but some new furniture or something like that. Make it known that this is possible due to property investing. If the benefits become tangible rather than an imaginary figure on paper it might help get her on board. Could be money enjoyed and an investment at the same time.

 

No we didn't have any before we met, we pretty much have done everything together. Looks like you guys are on the same page which is awesome