Looking at the big picture – Holding Costs.
In the scheme of things looking at the big picture, we learn at Think Money that whilst it is important to live in the now, when it comes to property it’s all about moving into the future. It’s about the growth and equity gains we will get if we buy and hold in the right areas. All we can work with is what we know now, what history tells us with regards to property in Australia, proven strategies and experience and focus on the big picture of where we want to be. Side note – chateau in France whilst sipping champagne and watching the Tour De France! Yes please!.
So as I add to my property portfolio, I always bear this in mind… should my property not be rented for a month, 2 months or 3 months; in 5 to 10 years time when the equity and growth is over 60, 80 or even 100K will this concern me? The answer is a resounding NO! The reason for this is, I have learned through Think Money how to do my banking differently, how to separate my personal finances from my investment finances and most importantly how to manage the emotions that come with growing wealth through property.
The only difference between people who are fearful and those who are not, is knowledge.
Lynn Levitt – Think Money Wealth Coach and Goal Mapping Expert.