Can there be two truths?

Many years ago two salesmen were sent by a British shoe manufacturer to a remote region overseas  to investigate and report back on market potential.The first salesman reported back, “There is no potential here – nobody wears shoes.”

The second salesman reported back, “There is massive potential here – nobody wears shoes.”

“Nobody wears shoes” is one of the  best examples of how a single situation may be viewed in two quite different ways – negatively or positively.

If you spend time with people who are “The sky is falling” types it can influence your thinking. You don’t want to hear a thousand reasons why it is too hard, too expensive and too of everything negative.

Actively seek out positive people otherwise the sky may indeed fall on you. You need the energy of positive people around you. You need their examples and encouragement. That’s how it happens.

Beware of Spruikers

Sorry there is no 'magic' way

Spruikers. Is it a word that you know? You should, because they are people to be avoided. Lately I have been hearing all sorts of stories of how they manage to get people to part with their money for wealth creation courses and the like.  They use the offer of a free seminar to pitch all sorts of “property buying magic” and “money making magic”

What happens at these seminars is the type of hype that has people spending far more money then they can afford. The Barefoot Investor tells the story of a singe mum with very little financial security being encouraged to get a credit card or three and then being charged over $15,000 for a wealth creation course. The way that some of these people behave is similar to a cult and we all know stories of how people were draw into cults very easily.

Do you know what you need to know?

Learning from the best sources ...

My mission is to have beginners know all they need to know to get into real estate whether that be leasing, buying or investing. I am a teacher so I want you to know what you are doing and why you are doing it. Unfortunately not everyone involved in real estate wants you to understand what’s happening. They count on profiting from your lack of experience or knowledge.

So as part of my plan to get you real estate ready is to do these blogs on a variety of topics to help you build a solid foundation. The podcasts I am doing on Real Estate Matters are planned to do the same thing. I interview lots of professionals associated with the real estate journey. I ask them for tips and tricks. I also interview beginners like you who are just starting out to share their stories. Hopefully as you listen to these you will gain the confidence to go solo.

Another thing I have planned and have started working on is an on-line course so you can work though all the aspects and have it as a resource. I have asked my current tenants the kinds of things they would like to know. If you have some suggestions please email them to me on toni@planinsek.com.

You should also start being aware of other good teachers that can help you. One that I have come to respect through reading his column each Sunday in the Herald Sun is Scott Pape. I don’t know Scott but I like him already as he gives down to earth honest advice about finances.
He calls himself the ‘Barefoot Investor’ and he holds an Australian Services Licence. I just know he is authentic as there no feeling that you are being sold a pup (is that the expression?)

This week I happened to be in a bookstore up the road and there was his book. I bought it and have read it already. I highly recommend it. He emphasises he is “fiercely independent” – no kick backs at all from the advice he givesHe is so realistic about budgets and why they fail. He gives such practical and money saving ideas. He is teaching how getting your finances organised will improve your whole life. I love his illustration as  your property is sitting there (Step 4) in The Barefoot Steps on One Page.

I took the shot of his book from Amazon. Do yourself a favour and spend $30 towards a much better financial future.

After reading his book I hope you will confidently be able to say “I’ve got this!”