property info | investment property
Step 1: Goals
Your goals are achievable if:
- you have a burning desire
- a vehicle
- a definite plan
- an end date
- a mentor/coach
You need a clear goal
Just having a goal of wanting to be rich for example is not enough. You need to be specific. For example: Your goal could be to have a beautiful car, of a certain year, a certain colour, that costs X amount, and when you want to have it by, etc. The clearer your goal, the easier it will be for you to achieve it. You must first visualise and crystallise your goal, and then work to materialise it. Start with the end in mind.
What are your goals? When would you like to work until? When would you like to retire, how much do you want your retirement income to be? If you had all the money and time in the world, what would you like to do? Where would you like to travel?
Once you know exactly what you want, start planning today what you are going to do to achieve it and what vehicles you going to use.
Firstly let’s look at why you need to invest…
The truth may shock you! Let‟s look at where most of us are going in our lives…
Take any hundred people at the start of their working careers at the age of 25. Then, fast forward 40 years until they‟ve reached the age of 65. This is what happened to them; here are the facts.
So, you can see that 95% of people, at the age of 65 and after working for 40 years of their life, are either on a state pension, dead, broke or still working. Only 5% of people at this point have become financially successful.
Do you want to be in the 95% who are not financially successful or in the top 5% who are financially independent?
So, step one: Know what you want and why you need to invest.