I really appreciate these tips are coming from someone with an accounting background. I often have to google and double-check info from vids, so this is great!
Glad you found it useful 🙏. I’m all about the numbers and Google sheets! I’m glad there’s also an abundant of calculators online now to figure out all these costs before buying an investment property!
Live at home with the parents till you are 30 years old and save every penny and invest it. Congrats on buying your first home before your 30s! I started a little late, but still managed to get there in the end.
That’s also a great strategy if your parents will allow you to live with them still 👌! I moved out with my partner at age 26 (I’m 29 now) and sometimes I wish I had lived at home for a bit longer to save more but moving out gave me the space to grow more as a person and build more passion projects on the side! Priceless! Starting late is totally okay - it is better than not never starting or not doing anything to do more with your money. An achievement is an achievement, no matter when it was achieved! 🙏
@withtheaims yes always good to save a couple more years under the parents roof. I moved overseas at 27 and didn't have a bank account there, so all the money I earned was sent to my home account, and I lived off a location allowance given by the company. As everything else was paid for, even rent and transport it really helped me realise how fast you can accumulate savings if you just don't have the money on hand to spend! Those few years overseas really helped me catch up on the late start to learning to save and invest.
@@outdoor75 Great job on not transferring the money over to spend especially being overseas! Such a great way to accumulate more savings not being able to readily access it and having enough to use 🙌. Goes to show sometimes we really don’t need much!
I didn’t think I could either but here we are with my first investment property! My income has increased from $90k to $160-$180k (inc super, bonus etc) package over the last 4 years so it’s helped alot in saving more every month! Another thing was I saved a lot of my income towards the property, around 30-40% each time I got paid - went straight to an investment property savings fund. I tried my best to not spend unintentionally if I didn’t have to as well! 🙌 You can do it too!
I really appreciate these tips are coming from someone with an accounting background. I often have to google and double-check info from vids, so this is great!
Glad you found it useful 🙏. I’m all about the numbers and Google sheets! I’m glad there’s also an abundant of calculators online now to figure out all these costs before buying an investment property!
Live at home with the parents till you are 30 years old and save every penny and invest it. Congrats on buying your first home before your 30s! I started a little late, but still managed to get there in the end.
That’s also a great strategy if your parents will allow you to live with them still 👌!
I moved out with my partner at age 26 (I’m 29 now) and sometimes I wish I had lived at home for a bit longer to save more but moving out gave me the space to grow more as a person and build more passion projects on the side! Priceless!
Starting late is totally okay - it is better than not never starting or not doing anything to do more with your money. An achievement is an achievement, no matter when it was achieved! 🙏
@withtheaims yes always good to save a couple more years under the parents roof. I moved overseas at 27 and didn't have a bank account there, so all the money I earned was sent to my home account, and I lived off a location allowance given by the company. As everything else was paid for, even rent and transport it really helped me realise how fast you can accumulate savings if you just don't have the money on hand to spend! Those few years overseas really helped me catch up on the late start to learning to save and invest.
@@outdoor75 Great job on not transferring the money over to spend especially being overseas! Such a great way to accumulate more savings not being able to readily access it and having enough to use 🙌. Goes to show sometimes we really don’t need much!
How could you afford? Hahaha! I have a full time job and it will take me 10 years of to save for deposit.
I didn’t think I could either but here we are with my first investment property!
My income has increased from $90k to $160-$180k (inc super, bonus etc) package over the last 4 years so it’s helped alot in saving more every month!
Another thing was I saved a lot of my income towards the property, around 30-40% each time I got paid - went straight to an investment property savings fund. I tried my best to not spend unintentionally if I didn’t have to as well! 🙌
You can do it too!