Two Quick Questions

What is the best advice you ever got?

What is the worst advice you ever got?

 

Best: Work hard for what you want to achieve. There is no substitute.

Worst: You can't buy that (beachside) investment property (for $66k!). What if the tenant wrecks it! (About 10 yrs before I bought my first IP).

 

Best: Join PC

Worst: Join PC (I have lost my life ).

 

Best: Be myself.
Worst: Discontinue my anti psychotics.


Serious answer:
Best: Building massive wealth is not a casual endeavour - It's a commitment to a way of life.
Worst: A couple of people who said 'trust me'. I trust no one these days. Now I listen, then verify before acting.

 

2010 from experienced investment gurus - Buy investment properties in western Sydney

2016 from single boom "investment gurus" - Buy investment properties in western Sydney

 

Dave are they still around? Just curious can you name? I guess not

Could be worse 2016 - mining towns

 

Best: I was advised to join Somersoft by Simon Hampel.
Worst: My mum egging me on to sell a Sydney IP in around 2012, she thought it was a dud/wasn't doing anything. Fortunately I decided to not listen to her, it's worth ~$200k more now, which is something like a $1k weekly capital gain for 4 years on a low priced IP. Can't complain.

Note, she encouraged my sister to sell right at the beginning of the boom. Spacious Castle Hill 3 bed townhouse easy walk to Castle Towers with a large well orientated garden. They sold a few months/1 year into the boom and made ~$150k more than it would have been a few months earlier, but they could have sold for ~$250k more just maybe 18 months later.

 

Look at the positive side, still made money.

 

I regret I did not buy more properties in Sydney, but if I did I would not have focused on developing and not learnt this skill set. Just got to keep moving forward and not look back at the WHAT IFs....I guess

 

You stole mine. I was going to say:
Best: Buy that house.
Worst: Buy that house.

Yours is better.

But honestly can't think of anything specific.

 

Let's see how MTA goes. You might have something then

 

Can't think of anything specifically best or worse but on top of my head

Best: "What's stopping you?"

Worse: "You would never find a partner that has the same life view (as your weird one), you need to follow their religion when you get married, can't make it work otherwise. Etc. from a family member.

 

Save 10% of your income. John burley seminar 1999ish.

Diversify, into shares 2007

 

I don't follow shares, however I think they may have crashed in 2008? oopsy

 

What is the best advice you ever got?
Enjoy life today, yesterday has gone and we don't about tomorrow.

What is the worst advice you ever got?
marry a nice Catholic boy.

 

Which part of this was the bad part? Nice, Catholic or boy? Or Marry?!

 

Best: Take your chance.......go to University.

Worst: You have got a good job, why move to Australia?

 

all of it sort of, but I ignored the advice..... ended up married to a bad arse atheist.

 

Should have taken your chances with a jew.

 

Best: the way to create wealth is long boring repetitive and slow
Worst: buy a car you cannot afford to encourage you to generate the income to pay for it.