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Talking Averages

Discussion in 'Investor Psychology' started by Bargain Hunter, 6th Nov, 2015.

  1. Bargain Hunter

    Bargain Hunter Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    128
    Location:
    Western Sydney
    There’s a lot of talk about averages these days.

    A person on an average wage can’t buy where they want to live.

    An average person now has to face the fact they will never own their own home.

    The average man on the street is average.

    I don't know about you but I'm not average.

    I’m an individual.

    In fact based on wages this individual was below average for more than a third of his working life.

    Maybe because of this I never set a goal to live within 5km of the city. Instead I set my sights on retiring early, and as it turns out with a bit of luck and good planning that goal has been achieved.

    When we started off in property investing we had the naysayers, they questioned why I’d bother as I might die tomorrow, I heard tenant horror stories and how people had lost money when they or more often someone they knew or heard about were forced to sell.

    Real information and shared knowledge was not as easily accessible as it is today, and many people believed the pension would always be there to support them in their old age. This was not their fault, this was the social contract they had been given and therefore planning to be self-funded in retirement was not a requirement.

    Changing other people’s circumstances will never change yours. Forcing granny off the pension will not make you any better off. Any extra money realised will quickly be spent on retaining the status quo.

    I accept that circumstances are different today to when we started out. In fact they are different to 2 years ago, or even 6 months ago. Property changes all the time and reflects the social and economic realities of the day.

    In order to be successful in property you need to learn to work within the confines of the present while looking toward what can happen in the future. Property investing is not without risk.

    For those of you who want to be average, wallow in self-pity and blame others for your circumstances, I’m sure we can arrange for the moderators to add a ‘crying room’ to the forum.

    If on the other hand you are an individual who wants to set goals and are serious about how you can make them happen then this forum is a great place to start.

    Here people openly share their stories, their successes and failures, so that we all may learn and implement what works for us in our individual circumstances.

    I am blown away by the success of some of the young guns on this forum and can only imagine what they will achieve in the coming years.

    This forum is a great resource for those individuals who want to be more than average.

    Regards

    Andrew
     
    trinity168, MattA, Redwing and 19 others like this.
  2. BKRinvesting

    BKRinvesting Well-Known Member

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    Location:
    Blue Mountains, NSW
    would you care to share your property investment story? :)
    I'm interested.
     
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  3. MsAli

    MsAli Well-Known Member Premium Member

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    Awesome post Andrew. Like your writing style :)
     
  4. larrylarry

    larrylarry Well-Known Member

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    No bullish** love it. I love proving others wrong, especially my extended families.
     
  5. D.T.

    D.T. Adelaide Property Manager Business Member

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    Adelaide, SA
    Andrew is a simple modest guy. I'm sure someone will be along to tell us about him soon ;)
     
  6. Xenia

    Xenia Adelaide Property Manager Business Member

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    4/136 The Parade Norwood, South Australia
    Well said Andrew
     
  7. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Gold Coast
    Andrew is average................... but his Boss isnt :)

    ta
    rolf
     
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  8. See Change

    See Change Timing Lord Premium Member

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    Rolf , it takes two to skate couples ...

    One to fly high , but someone to hold them and support them there , otherwise they fall flat on their face .....

    In our situation. I create the mess and Vicki cleans up and puts everything thing where it needs to be

    Cliff
     
    Last edited: 7th Nov, 2015
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  9. Bargain Hunter

    Bargain Hunter Well-Known Member

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    Location:
    Western Sydney
    Deb has put a short version here How Hard Do You Want It?......Or Go Hard, Or Go Home!

    There is also an interview with skater on the old Somersoft from a few years back.
     
  10. beachgurl

    beachgurl Well-Known Member

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    Sydney
    You and Deb are far from average.

    I look forward to seeing you post more now you have retired.
     
    skater likes this.
  11. BKRinvesting

    BKRinvesting Well-Known Member

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    Blue Mountains, NSW
    skater likes this.
  12. skater

    skater Capitalist Premium Member

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    Well said! :D:p
     
  13. skater

    skater Capitalist Premium Member

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    It was funny, years ago on SS. Neither of us told anyone.....but then some of the regulars started to work it out.:cool:
     
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