This old chestnut for procrastination. It’s as if there's just one boat leaving the harbour of wealth… There isn’t, there are 100s leaving every minute so find the one that works for you and get moving.
Successful property investment is as much about knowing the market, knowing your strategy and making sure the two meet where you invest. There are actually no boats just a simple, methodical process that gives you the best chance of success.
Video Transcription
Hey, guys. Property Search... Think Gladfish. I'm Brett Alegre-Wood, and this is Property Rant.
So today, it's a great one. I've missed the boat. So we get this all the time from investors. They're like, "You know what? If I had invested back there, all would have been good. But I've missed the boat, so there's no use to me even starting," or worse, "I'll wait until the next boat comes along," which could be in however many years, an undefined period.
Look, guys, the reality is [[00:00:30]] look at property not as you missed the boat, but there are thousands of boats leaving every minute. So you've got to choose. And the definition or the defining moment that you actually begin being an investor is when you get on the boat, whenever it is, because there's boats leaving every five minutes. So get on one.
Don't feel you've missed the boat because the reality is if you wait around, you procrastinate, then you are going to miss the next boat. [[00:00:59]] And what will happen is by the time the next boat comes along, you'll miss it and you'll be going "Ah, I missed that boat, and now I miss this boat, and now I'm procrastinating again for another 5 or 10 years." Don't be that person. That is the person who's going to spend their retirement worrying and concerned and thinking about what they should have done and they'll be shitting all over themselves. Because the reality is you need to get on a boat. You need to get invested. That doesn't mean you jump on the first boat that comes along.
So get educated. Get a strategy. Do all these sort of things that we talk about. [[00:01:31]] But once you've got that, then move affirmatively ahead and get an investment. Get involved. And even if it takes a little bit longer to make the big money, actually, it's amazing. When you look forward to these investments, they always take ages. But when you turn around and look back, you realize how far your investments have come and how far you've come as a person because you made that decision to get on the boat when it left.
And there is no shortage of boats. Jump on any boat. They're leaving every five minutes, Figuratively speaking, of course. But it's one of these things. We hear it all the time, and it is a classic procrastinator's fear. And realistically, lack of education, lack of experience, display, it shouldn't happen. And if you're saying that and you find yourself saying that, find a better question.
Find a better statement. Go and actually look at "Why am I saying I've missed the boat? Actually, maybe I just need to get educated, get a bit more experience, so I can jump on the boat with certainty." And that's really what this is about is getting on that boat as soon as you possibly can. And this is...for you parents that have kids, and those kids are starting to get at the age where they can invest, get them on. Even if you've got to buy them a house and put it in your name and their name, and just let it sit there for 10 years while they do their 20's, women, wine and song, and whatever else, let them do that because actually, that will, over time, be an amazing investment for them, and they will thank you for that investment because you got them on the boat, without them even having to get on the boat themselves.
And I see this happen so many times where by the time they hit their late 20's, early 30's, then they're thanking you. And then all of a sudden, you are their mentor. You're their guide. They've got over that sort of ego of the 20's where they know everything, and all of a sudden, they go, "You know what? I'm so much further ahead than the rest of my friends and my peers because of this investment that you organized for me." And it makes such a difference.
And if you can get them an investment in their 20's, or if you're sitting there in your 20's, do whatever you need to. Don't care what you've got to do. Get into a property. Even if it's a small one, even if you're not living there, that's an investment up north where it's nice and cheap.
Do whatever you have to do to get your first investment because that is your emotional intelligence out the way and that will hold you in fantastic stead to move forward and be really financially free a lot earlier than in fact most people will ever be, because most people are not ever going to be financially free ever in their life. They have no chance because they're sitting there and procrastinating. Don't procrastinate. All right, guys.
Have a great day. Live with passion
