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Why do you Invest in Property?

Discussion in 'Investor Psychology' started by TyroneS, 18th Jun, 2015.

  1. TyroneS

    TyroneS Well-Known Member

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    Hi all,

    I wanted to continue this thread as it was really interesting to hear what people's goals and why are?

    Originally Posted by Tyrones [​IMG]

    I also want the portfolio to generate 150K of "passive income" to allow me to choose to work. (I love my job, so I won't be leaving that anytime soon).​

    Posted by LeoT

    Nice goal there [​IMG] Get ready for a battle of all battles to get there. Your age is on your side though mate.

    Well done.
     
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  2. Rixter

    Rixter Well-Known Member

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    To do what I want, when I want, for as long as I want... and now mentor others how I did it so they can do the same.
     
  3. Leo2413

    Leo2413 Well-Known Member Premium Member

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    why would you want to do that Rix...working til 70 for an employer and loving your prized pension is a lot more fun!:p
     
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  4. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    For me the primary motivator was freedom. Pretty much the same deal as Rixter.

    I couldn't stand the PAYG job I was in at the time - so was driven to found a way out. I read a Jan Somers book - and the rest is history.

    Happy to report that life's a lot better now :)

    Cheers

    Jamie
     
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  5. Rixter

    Rixter Well-Known Member

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    If you dont come up with your own life plan, chances are you fit into someone elses. And guess what they have planned for you - not much! :)
     
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  6. Sonamic

    Sonamic Well-Known Member

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    To have more options in life. Of my own choosing.
    To own a nice PPOR outright.
    To be passively earning a modest 80k nett. (I'm not putting too much faith in Super)
    All this by years end 2025 so working a physical job becomes just another option at age 55.
    Does the Investing bug ever stop biting? That's the real question. . . .
     
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  7. beachgurl

    beachgurl Well-Known Member

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    I do this so I can be more present. Today I stepped away from the computer to attend a school presentation. Yesterday my work day started at 10am after spending reading time with the kindy kids. I've just spent the last hour grinning at the tv watching Grand Designs.
     
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  8. Beyond Wealth

    Beyond Wealth Active Member

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    It's all about choice for me, choice of working, choice of lifestyle, choice of how i spend my time and money. There's something really powerful about knowing you're not stuck in a job and you're there because you enjoy it, rather than feeling trapped you feel empowered. Doesn't hurt that i'm really passionate and interested in investing, it certainly isn't a chore for me.
     
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  9. WinDyz.

    WinDyz. Well-Known Member

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    Goal is to generate a passive income without the need to work, and wanted to devote my life helping Animal (dogs in particular)
     
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  10. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    To create more options and in the process; step out of my comfort zone, challenge myself, learn and grow.
     
  11. Leo2413

    Leo2413 Well-Known Member Premium Member

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    ahh yes.. the great Mr. Rohn :D
     
  12. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    Jim Rohn - dispenser of wisdom.
     
  13. wombat777

    wombat777 Well-Known Member Premium Member

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    Long-term plan to replace my income, plus it's a productive hobby.
     
  14. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    I invest in property because of leverage.
     
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  15. Brady

    Brady Well-Known Member

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    I really enjoy property, work in finance each day. Spend fair bit if time on SS. Weekends looking at property. I invest in property as I see it as a great way to grow wealth
     
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  16. TyroneS

    TyroneS Well-Known Member

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    I agree and when looking at it as a hobby make it's more fun!
     
  17. bobbyj

    bobbyj Well-Known Member

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    When I buy a property magazine, I lie on the sofa and read it cover to cover. When I reach the end and look at vacancy rates etc I realise the sun has gone down and that I'm reading in the dark!
     
  18. S.T

    S.T Well-Known Member

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    I'm not selling anything
    For the chicks
     
  19. Big Will

    Big Will Well-Known Member

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    Delayed gratification and when my wife and I move on we will know our children will be okay financially.
     
  20. citystar

    citystar Well-Known Member

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    Passive income regardless of where I am in the world and what I am doing.
    Equity used from Capital Growth and renovations to speed up asset acquisition.
    In my opinion property investing is easier to learn then the share market and also easier to manage risk.
     
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