Tag Archives: becoming a real estate investor

Is Investing risky?

Robert Kiyosaki has said that
“Investing isn’t risky; not being in control is risky.”

I certainly wouldn’t say otherwise as the man is well known for his business success, however it gets you thinking doesn’t it?

We left a big part of our pension to some professionals who, doing their best no doubt, managed to put it in stocks that have diminished our capital by a third already. We have no option but to sit it out and hope the market comes back. But partly we are to blame.

We were very trusting and naive!

  • We didn’t know what questions to ask – so didn’t.
  • We knew less about the stock market.

The realisation that we have lost a third of our life savings was a jolly good wake up call all be it a bit late. We did realise our pension was rather on the meagre side but were rather in denial hoping it would right itself magically! Of course no control was where the risk crept in.

I have now taken courses and become much more educated in the world of investing.
I have taken a much more ‘hands on’ approach  with our savings and investments.

We are no longer ambling aimlessly towards retirement.
We have a plan with structure and vision. It is workable and able to be adjusted.
We are feeling so much calmer knowing exactly where we are headed and how long it will take to get to the end.
Our education has empowered us with new found confidence instead of bleak despair!

With the help of Pete Carruthers, guiding me through the intricacies of Internet marketing and Robert Kiyosaki training me in the property investing world I embarked on both. I have an online business and I am investing in property internationally, with some network marketing thrown into the mix – All with a new found confidence and realisation that it is no more risky than leaving the decision making to the professionals as before. However it is a lot more rewarding and less stressful to be in charge of our own money / future.

Of course I use a bunch of people  to work with. To help in the decision making you need to reduce the risks as much as is possible by researching and asking questions to make  knowledgeable decisions.

I highly recommend it 😀  Why not join me?

Investing isn’t risky; not being in control is risky!

Go well till the next time




Investing is a plan

 “Investing is a plan, not a product or procedure.”

My Financial education has been coming in drips and drabs all my life but the real kickstart only came five years ago with the awakening jolt of early retirement being thrust at us.

My husband and I were forced to look at our various pension plans and put together a detailed financial plan. That was a cold shower of note, the realisation that we really did not have the funds to retire yet! Does this ring any bells with you too?

What were we going to do about it? – A plan was needed but it had to be achievable/believable because in this position you can’t afford to not reach the goal.

Our plan formed itself into a

  • He’ll work for the cash
  • She’ll get educated on how to grow the money

My husband went back to work and I got financially educated and shared with him.
Robert Kiyosaki’s Rich Dad course was instrumental in helping me focus and untangle all the figures until I could understand what we had and what we needed to have. You might find that like myself you have left it a bit late, but rather late than never.

I also played Kiyosaki’s Cashflow game online. It was a fun and simple way to drum into my head where the priorities lay when trying to get out of the hamster wheel and head towards financial retirement freedom. It’s different for each of us but if you have a plan you are well on the way to getting there.

What have to learn and How to do it

  1. Determine Where You Are Today – you need an accurate picture of where you stand financially today so make your financial plan (Rich Dad has a great forms to help you)
  2. Set Your New Goals – Do you want to be Secure? Comfortable? Or Rich? No good just saying rich either you have to see what rich is to you and then decide if you are really prepared to work hard and smart enough to get there. Most of us just wish we were rich the effort to become rich we find is too far outside our comfort zone so we pass but tell ourselves all sorts of stories to make it acceptable to pass on doing the work. Identify your deep-seated reasons why you want to be rich then you have your own incentive; not something fluffy and nebulous.
  3. Take Control of Your Cash Flow – First look after your “disposable income” and make it a little less disposable by cutting out the unnecessary bling from your spending – Invest it instead. With a bit of education of the right sort you can learn to look after your own finances and, I must say it is very comforting, to realise that you can understand what to do and are not solely reliant on others informing you on investment performance once a year. Stock crash victims will know what I’m saying here.
  4. How Are You Going To Get There – Again this is dependant on your personal preferences set out in your plan (mine was property rather than the stock market) The idea is to convert your earned income into portfolio income or passive income as efficiently as possible.
    This will not only put your money to work for you but also increase the chances that your funds will grow.
  5. Become an Investor – You might find this idea scary and risky because your family and friends and maybe you have lost but how else does money grow? – Certainly not in the bank!
    Risk is in everything we do from crossing the road to driving a car but we learnt how to do both of those well enough to make the risk acceptable enough to enable us to cross roads and drive cars!
    All you have to do to lessen the investment risk is to get educated.
    Take your ‘financial investors licence’ then when you invest you can do it having analysed the market knowledgeably and continuing to watch it with your educated eyes and to know when to take any action. Become your own best asset, instead of your own liability. 

Kiyosaki says
Be prepared for anything. Don’t try to predict what will happen or when.
The Zen swordsman disciplines body and mind to counter any blow spontaneously. He does not anticipate the moves of an opponent, for that impedes his ability to react. Likewise professional investors know they cannot control the real estate or stock market, let alone the global economy. Instead, they train themselves to be financially intelligent, to think confidently and creatively when opportunities or problems arise.

“Skilled investors are in control of their investments; employees are under the control of their employers.”

Learn to trust that, when a good deal presents itself, There is risk in every investment, but risk is a relative term. Since risk is often directly proportional to reward, anyone who hopes to become wealthy must be able to invest more aggressively than someone who’s content to be secure. The more financially educated you are, the less risk you’re taking.

Rich Dad Tip
“The reason most average investors lose money is because it is often easy to invest in an asset, but difficult to get out. Your exit strategy is often more important than your entry strategy.”

Invest away till the next time – go well

What Boomers do better than the younger generation!

Oprah Winfrey once said:

The biggest adventure you can ever take is to live the life of your dreams.

My dreams may have shifted a bit through the decades as I’m sure do most peoples but I have always had dreams to reach for. Today my dreams are focusing in on my retirement. While I have a few working years ahead still I am working my dream plan to secure passive income for a healthy retirement.

it seems I am not alone with that dream. There seems to be a great need for people to forge their own adventures, to make those dreams come true and that means for most being a bit of an entrepreneur.

If you are planning on retiring when you hit 65, paying a few hundred pounds/dollars extra a month into whatever your pension fund is can add up to thousands more over the years.

We’re all living longer and our retirement fund will have to stretch further. Apparently more Boomers are getting involved in start-ups now and, they’re doing it better than the younger generation according to thefuturelaboratory.com. Over 50’s are regarded to be more entrepreneurial than any younger generation as we have; years of experience, low rates of absenteeism, and a desire to learn.

How to do it 

We can earn extra money from just about anywhere and by doing anything the mind can think up now. The Internet has made me into a entrepreneurial couch-potato!

I can set up a business for very little to no outlay and be earning money within days with an online affiliate business just as one idea. I have done courses online to become more savvy and now invest with a crowd which is producing income to set me right for my entire retirement.

“It is difficult to say what is impossible, for the dream of yesterday is the hope of today and the reality of tomorrow.”
Robert H. Goddard

There really is no need too be strapped for cash, no matter what your age, if you simply educate yourself with a few good courses, and then get to it.

Our Boomer generation has proven through each decade that we are capable of changing the world – why stop now?

Lets change retirement too!

Go well till the next time



What are Retirement Income and Retirement Capital?

I think all of us Boomers are only too aware of the dramatic changes our pension provision has undergone.

When things started looking iffy for the governments around the world responsibility for ones pension shifted from the employer to the employee, many of whom I’m sure, were totally unskilled at how to best save for a pension, as I was.

Move on a few years and just for good measure the fund providers “shifted the emphasis away from a focus on securing an inflation-hedged income through retirement to maximising your capital on the day your retire,” says Ian Anderson CIO at Grindrod when talking about retirement income vs retirement capital. He suggests that “An investment in a portfolio of growth-oriented, income producing equity and listed property securities not only offers investors the opportunity for long-term capital growth, but also offers investors a means to budget their retirement income both before and after they retire. ”

I have done just that on my investments spreadsheet. I know what I’m putting in each month and what it is invested in. I accrue all income from the investments and plough it back in and doing a little math can workout when the investments will be able to sustain our retirement needs. It is very reassuring to look at and quell any nervousness we might feel as we travel along our investment path.

It’s easy enough to work out your own future needs:

  • Take a close look at what you are spending every month.
  • Decide if there will be any changes to your spending once you retire (make sure it’s realistic)
  • That is the amount your investments must produce for you on a monthly basis.

Now you need to look at all your investments and you will probably have them in various places so remember to collect them all together.

  • Work out what the average annual return is on each investment and add them all together then divide by 12.
  • Does it match your spending needs?
  • If not then you must top up the investments!

If the income from your investments is already matching or more; then you can already retire  because you will receive more income from your retirement savings than your annual salary. Yeah!

Investors need to secure, as best they can, an adequate level of inflation-hedged income both before and through their retirement.

Personally I’m putting my investment eggs into real estate. I have seen it bounce back fairly well from the most recent financial collapse and by working with a crowd-investing company that scours the world for the best investments I feel I should be alright on that score.

Robert Laura also suggests that we should think of  starting a retirement business which takes a page out of the handbook of the rich and powerful. Lets face it  the rich all have properties so property seems fairly safe but I have taken on board the need for more income streams so I’m starting a small online business too. The more strings to my bow the happier I am.

Do you have enough retirement capital to provide you with an adequate retirement income?
I do hope so. If not it’s never too late to remedy that!
Go well till the next time



Seniors Who Google

I don’t know about you but I LOVE Google!

I have been using many of their products for years and as they bring on a new one I usually have a go.

I have used the maps extensively to work out where to go, sneak peek at places around the world, to checkout the authenticity of company addresses and to give me accurate mileage for my log book. On top of that I found that there are clever folk who use Sketchup7 to draw exact replicas of buildings around the world and they attach them to the map, so awesome.

I also found that you could even organise a scavenger hunt using the map and Google searches Fun!

Browsing the internet on Chrome is a total pleasure and extremely fast and now very intuitive, sometimes a little spookily so, but very useful nonetheless.

I am pretty fed-up with Microsoft products now I’m afraid. I find them expensive and aggressive and rather convoluted so Google docs are just fine by me and really easy to use and the best thing is I don’t keep getting updates that weigh heavy on my computer dragging it to slower and slower speeds!

Once I used to keep all my files on the computer like everyone else which also tended to slow the computer eventually. But not any longer. My life is now kept in a Google Drive. ‘cloud‘ as safely as anywhere else I reckon.

Another Google product I could not live without is of course, Gmail and the calendar that connects with it and with anyone I wish to share an appointment with. I’ve used the calendar as a joint project at work to keep everyone informed and privately to remind me timeously of a myriad of events in my life from Grandchildren’s birthdays to doctor appointments and even annual renewal of my subscriptions.

Google+ is still a bit of a newbie to me but it certainly throws up some great ideas and I’m itching to have a go at Google Hangouts. I’ve watched with it but I want to run one so I’ve just upped my Internet speed so it doesn’t trip out; so look out kids I’m HangingOut  your way soon.

I’m sure you are a senior who has not been left behind?
What Google products do you love to use? Please join in the poll.

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If you have any friends or parents who could do with a little help in keeping up with some of this technology checkout  myageingparent.com It provides some helpful forms to use in their free registration pack on site.

Till the next time go well




5 Ways Technology Can Enhance the Lives of Seniors

Seniors can use technology to enhance their lives. Seniors can utilize technology to enhance their lives.

There’s no avoiding it; technology is everywhere. Many golden agers steer clear of it, but we would argue that there are several applications of technology that they should not only stop avoiding, but embrace. Sure, the boom in technology may have people these days more likely to type an email than send a heartfelt handwritten note, but it’s not all bad. Take a look at these five ways in which seniors can utilize technology to enhance their life:

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Decide What it is You Want to Do …..

Dolph de Roos Real Estate Riches said:

Decide what it is you want to do and then go out there and do it.
If you are not having fun, change something until you are.

One person who went out there and did it is Lars Andersen who has taken archery to a whole new level excellence


You don’t need to be so extreme or intense though to tweak your life into a new happier place.

For me it was taking a couple of courses to better understand the real estate business and then to do something quite alien to me and that is invest the money myself not with a professional. Previous blogs have explained the why to this so I won’t bore you with it.

This I must say has been challenging but only because it is unknown territory for me the actual business of investing is great fun – much more fun than I thought 🙂

Another tweak was to join my local SASFA fitness group. Again it took a long while to summon up the courage to actually walk in and ask if I could join but from that day on it has been such fun! And as a sideline the body also feels a lot fitter.

Finally I took up Spanish lessons to lubricate my rusty Spanish. Again looking for the right teacher was a bit of a mission but I now have a lovely online ‘profesor‘ .

I just love the easy way he has taken me through and how quickly I could get my fluency and vocabulary in sync. My Chilean friend is very pleased, she even commented on how much more fluent I was during one of our Skype chats.

It has all proved to have worked out well and has certainly improved the quality of my life.
What are you doing that has improved your lifestyle?

Go well till the next time

Are there Rules for investors looking to get into property?

I found an article by Chris Gray host of Your Property Empire on Sky News Business channel and CEO of buyers’ agency Empire totally enlightening 

He explained that because we are all so different we have to look at plans for retirement differently too. One man’s meat is another man’s poison as the saying goes.

However even though we may be at different stages of our lives and have different attitudes to risk he points out that there are some “Golden Rules” to adhere to.

Even though I’m not against a bit of risk I do like the odds stacked in my favour if possible and Gray agrees that our investing should give us the best possible chance of profiting while taking the least amount of risk and cautions us to “Concentrate on the numbers”

Maybe because math doesn’t come all that easily to me I am always out with the spreadsheet and plotting the numbers; so I’m on track there ….
However the trick is, I guess, to listen to them regardless of what you feel emotionally. Investing is not an emotional pastime I have found and in property the numbers almost shout at you!

Property as with all investing needs time so focus on the long term is paramount. I have started my investing on a small scale but having worked the plan through I know what I have to do and exactly for how long, until I can truly say, I am able to retire on the passive income the investments generate.

I have learnt that the best location you can afford is a must and unless you are flipping a property then the idea is to hold it and only sell if you can better the deal and returns ie rents by doing so otherwise your profit disappears in fees and charges.

There will always be a high demand  for property in good suburbs as they tend to sustain high prices, so it’s best advice to buy more and build up your portfolio if you have the knowledge and are prepared for the work it entails.

Gray says
I would much rather have $2 million worth of property with a $2 million mortgage, than have a $500,000 property paid off and $500,000 in equity.
If the market moves up 10 per cent, my $2 million rises by $200,000, however my $500,000 property rises by just $50,000.
Over a decade, I would aim for my $2 million to double to $4 million rather than have the $500,000 doubling to $1 million. It’s more risk in the short term, but it pays off in the long term.

I have also found out the hard way that you need a cash buffer to take care of the calamities that cross our investing paths. Without the cash you land up having to sell during a calamitous time, which kind of defeats the whole object of investing doesn’t it?

As we cannot be an expert in everything we do, we still need to seek out professional advice to help us make educated and calculated decisions. plus it might cost a bit but it is so inspiring seeing things through their eyes and realising what can actually be done. I love my frequent visits to my accountant, I always come home with something to look into and understand a bit better.

After one such visit I had a total epiphany and rethought our whole retirement plan! As I said I’m not averse to a bit of risk and something a bit different. ‘My bit of different’ seemed to be the only way I was going to every be able to actually retire so I was delighted when my due diligence and numbers all agreed!

Gray also agrees “If you do average things, you get average results. Most people work a 38-hour week and don’t retire until they’re 65.
If you want to create more freedom and choice in your life, often you need to do the opposite of what a typical person does.”

It’s often quite a challenge to go against the grain but often that’s what it takes. So do your homework, check for any possible downsides and then go for it. I did just that with Flipping 4 Profit and so far so good. I get the odd look from some people but some have seen it as I have – the way to the light at the end of a tunnel.

My retirement is on track with an achievable end goal now, Phew!
Is yours?

So, Go well till the next time 🙂