There is a big different between those who consistently make quality investment decisions and those that dont over a 20 year period.
John buys one quality investment property worth $400,000. He does nothing but holds the property for the next 20 years. The property increases in value by an average of 5% per annum over 20 years.
In 20 years John’s property will be worth $1,060,000+.
Ray buys two quality investment properties worth $800,000. He does nothing but hold the properties for the next 20 years. The property increases in value by an average of 5% per annum over 20 years.
In 20 years Ray properties will be worth $2,120,000+.
Lisa decides she doesnt want to buy property. She is concerned about the market, the media, the news. She spends all of her money renting a nice appartment and paying off her car loan.
In 20 years Lisa net worth is still $0 + super.
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