Every New Years Day, I guarantee myself one thing- no more goals this year! I really would like in fact a few less goals. Only one goal, to be precise.
So my question this year is, if you could just have one cash goal for this 2012 New Year- what would it be? To repay your home? To save a deposit to purchase a house? To become better at investing?
I surveyed my acquaintances and family with this very question and found a lot of them gave me the same answer, to become good at investing and property making an investment in particular. They wished to make more cash with less effort and time! They did not mind passing a little time but they wished to make it productive. I guess the boring part of investing- the home and investment loanpart, they leave to me! I like helping them with this so its fine, but I do seem to believe its more thrilling than anyone else does. The toughest part of my job is to interest customers enough in providing me with enough info to assist them with the best structure for their investing style.
Property investing isn't as easily as its seems with hindsight. The purchasers of mine that have made the most money did do seemingly clear things like investing in mining towns just before a mining boom, but at the time it took a lot of research to see it. Even though after the events everybody saw it. So my tip for this year, is if finding out about property investing is your one cash goal, then research needs to be center piece to your attempts. Not just following hot hints from papers but looking into macro and micro business circumstances round the areas in which you're looking to invest.
Things like whats occuring with IRs, inflation are macro circumstances as well as the micro circumstances the majority of people look at eg the actual property if its old, new the street and how it looks at various times in the day et cetera. Well that is my first hint this year- good luck!
Have a wonderful new year and happy property investing in 2012!
So my question this year is, if you could just have one cash goal for this 2012 New Year- what would it be? To repay your home? To save a deposit to purchase a house? To become better at investing?
I surveyed my acquaintances and family with this very question and found a lot of them gave me the same answer, to become good at investing and property making an investment in particular. They wished to make more cash with less effort and time! They did not mind passing a little time but they wished to make it productive. I guess the boring part of investing- the home and investment loanpart, they leave to me! I like helping them with this so its fine, but I do seem to believe its more thrilling than anyone else does. The toughest part of my job is to interest customers enough in providing me with enough info to assist them with the best structure for their investing style.
Property investing isn't as easily as its seems with hindsight. The purchasers of mine that have made the most money did do seemingly clear things like investing in mining towns just before a mining boom, but at the time it took a lot of research to see it. Even though after the events everybody saw it. So my tip for this year, is if finding out about property investing is your one cash goal, then research needs to be center piece to your attempts. Not just following hot hints from papers but looking into macro and micro business circumstances round the areas in which you're looking to invest.
Things like whats occuring with IRs, inflation are macro circumstances as well as the micro circumstances the majority of people look at eg the actual property if its old, new the street and how it looks at various times in the day et cetera. Well that is my first hint this year- good luck!
Have a wonderful new year and happy property investing in 2012!
About the Author:
Virginia Graham works for Central Coast Mortgage Broker and is an Australian financial expert featured on Australian television and newspapers. Virginia Has additionally written a finance book for ladies called Flirting WIth Finance.
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