What Does Success Mean to You?

February 19, 2017 Sam Saggers

Think about your life. What makes you happy?

Is it spending time with your family? Working? Travelling?

Whatever you love to do, one thing is certain…if you’re chained down to your job you’re going to be forced to make sacrifices.

Some of which you probably don’t want to make.

So how can you achieve success on your own terms?

By gaining financial independence.

financial independance

Financial independence is the key to unlocking your options and a proven way to create financial independence is through investing in houses.

But if it were easy, everyone would be doing it, right?

Well a lot of us are.

As of 2011, the data show that 7.9% of Aussies own one investment property.

While that’s fantastic, you won’t achieve financial freedom by buying only one investment property.

The numbers of course can vary, but generally speaking you need five or more properties to gain financial freedom and enjoy what most would call success.

The truth is, despite the fact that so many Australians are investing in houses, only a small number of them own multiple properties; only .9%, according to RP Data and the Census.

Get started

Don’t let yourself get overwhelmed by everything you need to learn and do. As they say “Rome wasn’t built in a day” and neither is an investment property portfolio.

Define what you want

You need to know exactly what you want. Only then will you have the information you need to create your goals and establish a plan to reach them.

Create S.M.A.R.T. goals

A popular method of goal setting is to use a strategy known as S.M.A.R.T. (Smart, Measurable, Attainable, Realistic and Time-based).

Each of your goals should abide by this criteria.

Specific: Clearly defined. When you look at the goal it should indicate exactly what your next step should be.

Measurable: You should have some way of knowing how long it will take you to complete the goal. You should know exactly when you’ve reached your goal.

Attainable: You should have all of the resources you need to reach your goal.

Realistic: Your goal should fit within your abilities, resources, knowledge and time-frame.

Time-based: You should assign enough time to reach the goal, taking into account every possible hindrance. Don’t set the goal out so far ahead that it encourages procrastination. Bottom line, your goal should offer just a bit of a challenge, but remain very doable.

SMART Goals

Educate yourself

Anything worth doing is worth doing well, so invest time and resources to learn as much as you can about investing in houses.

Seek out quality advice and education based on the presenter’s experience and the results they’ve achieved for others.

Be careful, however not to get stuck in “analysis paralysis”. You have to actually buy property to make a go of it.

 

Get help

get help

Success means different things to different people.

Once you’ve defined what it means to you, and crafted goals that align with your definition of success, you can get to work investing in houses.

Sometimes, however, it helps to get someone else on board with our investing efforts. We can get so tied up in our own situation that we often miss things that are blocking our success.

If your portfolio is going nowhere or you’re not sure how to get started investing in houses, find a mentor who can help you move forward.

It’s your life.

You can choose to maintain the “status quo” or you can shake things up and make the choice to build the life you want and deserve through investing in houses.

If you want more tips about your Property Investment strategy, book a FREE consultation with one of our expert Investment Coaches to discuss your situation and investing goals.

Pets: Should You Allow Them In Your Investment Property?

by | Mar 16, 2017

There’s a large population of pets in Australia....approximately 25 million of them according to the ASPCA. Each of these pets are owned by people who need accommodation. While some of these pet owners own their own homes, many of them are renters in search of a home...

How To Negotiate A Discount

by | Mar 10, 2017

Have you ever noticed how some people are able to get great discounts on their investment property while others pay the asking price? What’s their secret? There’s really no secret - they’ve just learned how to negotiate well. Of course the market will dictate how much...

Wealth Building: Is it Luck or Is it Strategy?

by | Mar 7, 2017

Does it take luck to become wealthy? Some people say so, but I say that a smarter choice than waiting on luck to visit your doorstep is to make your own luck...at least you have more control over that. So how can you make your own luck? By doing what countless others...

Why Understanding Buyer Demographics Is Key To Better Returns

by | Mar 3, 2017

You’ve found the right marketplace. All of the market signals indicate that this suburb is on the cusp of growth. So you decide you’re going to finally take the plunge and buy a property for investment. While it’s great that you’ve finally decided to buy an investment...

7 Key Questions To Ask When Choosing an Investment Property

by | Mar 1, 2017

Buying an investment property comes with no guarantees, however much of what you achieve is a direct result of the choices you make. You will enjoy great success as a property investor if you have the right knowledge, and to acquire the right knowledge it helps to...

Property Market Research Tips

by | Feb 27, 2017

One of the most important skills a property investor can develop is the ability to analyse a marketplace. Not only do you need to understand where to buy, but you need to know what type of investment property will deliver the results you need. Market drivers...

5 Ways to Fail at Property Investing

by | Feb 24, 2017

There are a lot of ways to fail at property investing. However, did you realise that in many cases, an investor’s actions, not the property market, keep them from achieving their goals? The following 7 mistakes are often seen among investment property owners, but they...

8 Valuation Risk Factors Lenders Use

by | Feb 22, 2017

While your personal situation; savings, credit, income, etc. play a part in a lender’s decision, there is another type of risk factor that banks concern themselves with; valuation risks. Lenders rate each factor on a scale from one to five, then make their finance...

What Does Success Mean to You?

by | Feb 20, 2017

Think about your life. What makes you happy? Is it spending time with your family? Working? Travelling? Whatever you love to do, one thing is certain...if you’re chained down to your job you’re going to be forced to make sacrifices. Some of which you probably don’t...

The post What Does Success Mean to You? appeared first on Positive Real Estate.

Previous Article
8 Valuation Risk Factors Lenders Use
8 Valuation Risk Factors Lenders Use

The post 8 Valuation Risk Factors Lenders Use appeared first on Positive Real Estate.

Next Article
Is Fear Hurting Your Wealth Creation Plans?
Is Fear Hurting Your Wealth Creation Plans?

The post Is Fear Hurting Your Wealth Creation Plans? appeared first on Positive Real Estate.