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13 Wealth Building Exercises


 

2. Obstacles

Investment Property Australia – 2. Obstacles - Australian Property Club

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Anything worth achieving in life is worth fighting for. That fight will differ depending on who we are and what it is we want to achieve. Attaining financial freedom through property investing takes time, patience and smart buying. But we will each have our own obstacles that will threaten our dreams becoming a reality. Some of these obstacles might include the following.

  • Lack of money – You might not feel you have enough savings or earn enough income to invest in property. Maybe you want to save for your kids’ education and don’t think you can save and invest.
  • Partner not on board – I’ve never met anyone who doesn’t want to improve their financial situation and secure their future, but what if your partner doesn’t feel comfortable investing?
  • Debt – A fear of debt hampers many people from taking the plunge into any kind of big investment. Accumulating some good debt is the only way to get ahead.
  • Lifestyle – Living for today is something that our culture seems to embrace more and more with every generation. We want everything now. Are you already relying too much on your credit card or living beyond your means?
  • Fear of making bad choices – Being successful in property investing relies strongly on buying the right properties. If you don’t know how to spot them, how will you be successful?
  • Lack of financial knowledge – Success is also heavily influenced by how you set up your loans. Are they set up in a way that allows you to keep buying more? Or have you bought the first property and completely exhausted your borrowing potential for the next two years?


All these obstacles can be overcome. The first step is acknowledging that they are there and that you need to do something about them.

Detailing your obstacles, will help us better deal with your concerns, so we can assist to get you to where you want to go.

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The INVESTMENT Property Plan