Hi fellow apprentices, Paul here in Adelaide.
This is my first foray onto the Blog. It's heartening to read other posts and know that there are many others who are taking the plunge and committed to working towards their financial freedom. I've been in the Advertising game now for 25 years and despite loving it - it is beginning to really take its toll, so this will become my exit strategy.
I signed up 1 month ago at Steve's Melbourne seminar and have been trying to absorb as much info as possible to kick start an investment portfolio for my wife and I. I've worked thru Module #1 and am currently working on the questions and excercises in the NRT Assessment Module 1.
Math isn't really my thing - so getting my head around concepts that others may think easy (Compound interest formulas etc) has been my biggest challenge thus far. Loving everything else - and the Webinars are crucial to putting things in context - so thanks Steve! I'm not panicking though - it will just take some time to sink in.
Also I was wondering if there are any other South Aussies doing the course at present?
Cheers, Paul
Hey Paul,
Great to hear from a fellow new apprentice!
My name is Ben and I also enrolled in the course after the recent Melbourne seminar. I have been in the IT industry for 8 years and my brother who is completing the course with me has been an electrcian for around 20.
You seem to be progressing really well so congratulations on that front. My brother and I are just on the introduction videos and already so much clarity so we are very excited to get into the material. I absolutely lovede Steves quote that after the course We will be the most knwoeldgable people in real estate. I am really looking forward to putting a few of my "expert" friends in there place with there talks off "Negative Negative, doubles every 7 years..blah blah" haha
Good luck with the course and I look forward to hearing from you in the forums.
Cheers
Ben
Thanks Ben
Appreciate the words of encouragement. It's certainly not easy doing the study and fitting it in around work and family, but I know I will get there.
Hope you feel the same way. It's great that you are doing it with your brother. I'm lucky that my wife is also interested in making this work and she has been a great sounding board for ideas and exploring the possibilities of potential properties. We have decided that we will look at something in Adelaide to begin with as it will be a better learning experience to go thru the process of purchasing something local. (And I have a lot to learn!) I'm confident that the right property will come up, just need to open my mind to finding something that is a problem and then maufacturing a solution.
Good luck - and stay focussed
Paul
Hey Paul,
That is great to hear your wife is onboard with you on this journey. My wife encourages my pursuit of financial freedom through property and does share a passion for property but I am having difficulty explaining to her why it's a good idea to keep our savings in the offset as opposed to that yearly trip to Bali! haha
I have obviously only started the material so looking forward to what Steve has to say about finding the right property but I do like the idea of keeping it in your own backyard to begin with. I think if you have an intimate knowledge of Adelaide and in particualr focus on a few key suburbs then you will be in a great postion. I think an issue with buying suburbs in areas you do not know is how much can you really know about the depths of that suburb right down to the best streets.
For example I live in Niddrie in Melbournes North West and its a small suburb with all parts of it walkable to the tram stop that takes you right into the CBD and also the main shopping drag full of great shopping and restaurants. But the difference between 2 streets which is about a 3 minute walk can be the differnce between an additional 50k on a sale price. To think that a 3 minutes walk can be a years wage blows my mind but unless you have that intimite knowledge of the suburb then its harder to find the great deals.
Good Luck with finding that right property. I recommend making sure you fully read the material about sourcing and buying the property so you are in the best position to find and buy that perfect investment.
Cheers
Ben