Property Investor Virgin
When you grow up, your parents might have drummed into your head that all debt is bad.
There is nothing like a good debt. If you’ve been stupid enough to get into debt, you’re quizzed as to why you didn’t listen to their years of wisdom. Next you’re told categorically that you don’t need that gizmo – toy! Now pay it down that debt quickly and save on the interest. How could you do something so stupid!!!
You’d think that the lecturing on debt only applied while you shared that same roof with the parents. When you’ve “grown up”, expecting to skip this part and follow your journey – own life, but alas even when you’re thousands of miles away, you still receive that long – inquiring – probing – “interrogation” of a phone call.
“So have you paid it off yet?”. Silence is the only cure ;-(
With the childhood mental concrete frame firmly cast, the very first investment property purchase is hell.
But the financial awareness since childhood does have an advantage. The numbers get checked, analyzed. Glossy property brochures and their spin doctors, prophets fail miserably.
The property investment numbers get re-checked until a warm satisfying fuzzy feeling is born.
With the decision to buy an investment property made and the support provided by TIC, the first investment property is settled.
This property selected, there’s a sigh relief 
The initial property purchase wasn’t painful – it was actually an excellent education.
No longer a property virgin
So when start you acquiring property – houses, units etc – suddenly you want heaps of debt. The more you have, the better you feel.
This is the complete opposite of the parental indoctrination that was promoted, sold, pushed into a child’s growing spongy mind.
Soon you will not be listening to your parents!!!
In the next post, I’ll introduce scary financial numbers and in the following posting I’ll describe how in a couple years you can lead an almost tax free existence with a respectable income.
