Dear Young Property Investor: You Can!
You are never too young to figure out what you want to do with your life. These are words from a young property investor who started planning his first property purchase at the age of 13.
Now, in his thirties, Nathan Birch helms an investment portfolio of more than 200 properties. It’s a pretty impressive achievement from someone who failed every year at school.
Push aside the pressure.
If you are a teen or young adult, you probably get a lot of pressure put on you to get good grades and a good career.
Then, as you get older, the pressure only grows. You then have to excel in your career, climb the corporate ladder and buy a house. Then, you should get married, have kids and send them to a sought-after school. Make sure they learn an instrument, buy them their first car, help them buy their first house etc. Then, before you even realise it, the best years of your life are gone and you are still stuck at work 80% of the time.
What do you want to do with your life?
It is better to see past the trap of conventional life from an early age and figure out how you actually want to live it.
Nathan was happy to sacrifice the first ten years of his working life, from 20 to 30, working hard to build an investment portfolio so that he didn’t have to work for the next 30 years.
This is possible for anyone to do, as long as they build a good strategy and commit to achieving their goals.
The land of opportunity.
Nathan says the current market has more opportunities than what he grew up with. The internet has made it possible to earn money on the side that you can invest into building an asset base.
You can still buy properties in Sydney for $250,000 and properties in Brisbane for $140,000. A deposit of just $14,000 could see you achieve your first property purchase.
But, don’t think it will be a walk in the park. Nathan says his own investing journey wasn’t easy, but he had the clarity and the commitment to see it through.
Remember – partying it up, wearing expensive shoes and going on holidays all the time won’t make you rich. However, being wise and strategic with your earnings will go a long way in helping you achieve your financial goals.
It doesn’t have to be the way that everyone else says it does – if you have been put on this earth to live, then make sure you live life on your terms. Do what you can to buy back those youthful years that everyone else seems to trade away without realising.
Come up with a strategy that will take you to your ideal life and stay committed to achieving it. The younger you start, the longer you have to make the most of opportunities that come your way.
How do you want your life to be in ten years’ time? Please share your thoughts in the comments section below.