EP 033: Obsession to Be Right within the Next 12 Months

Whether I’m scrolling past an article or overhearing it on the news,

It seems like the mainstream media are constantly bombarding us with stories about the impending boom or bust of the property market.

I can totally see how people can misinterpret this and become short-sighted with their perspectives on property,

Trying to time the market.

Looking for the next wave to ride.

However,
Investors need to be incredibly careful here.

Despite doing everything else correctly,
If you allow yourself to fall into the trap of thinking this way…

You might wake up in 20 years’ time feeling incredibly regretful of what “could have been”.

To put it simply,
Property is a long-term game.

Now, if you owned a property over the last few years,
I bet you think you might have a chance in a second career as a buyer’s agent 😜

Well…

What if I was to tell you that inflation and leverage have done more for your property’s value than the rebuild cost, interest rates, overseas investors or first-home buyers COMBINED?

Seriously though…

An unspoken truth within property is that your asset could decrease in value by 2%…
BUT…
You would’ve actually made more money with inflation being as high as 7%.

🤯

So, instead of wondering where the next hot spot is…
Let’s change the question to “How do I win over the next 30 years?”

The four biggest drivers for long-term success are:
– compounding,
– inflation,
– leverage, and
– tax.

Understanding this, wouldn’t you start considering:
– Is there a way to better utilise leverage?
– Am I in the position to sacrifice yield for growth?

Rather than:
– Where can I find a high-yielding property, or
– Should I be buying lower-value properties to get into the market sooner?

Fortunately, we’re here to change the conversation…

Grant and I are breaking down the obsession to hit a home run over the next 12 months, when in reality… property is a long-term game.

Tune in now!

DISCLAIMER:

All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.