I am a complete newbie to the PI game, and I would like to get some advice on the smartest direction for me to move. I'm 28 years old, earning 60K/year, no debt, and 40K saved in the bank.
I read Rich Dad, Poor Dad last week which completely changed my perspective on money and got me thinking about my financial future. I absolutely love learning, so I've read all the threads in the first 10 pages in the Property Investment (NZ) forum, a lot of the wiki, and thanks to suggestions in the newbie forum here I've gotten these books out from the library to read:
Andrew King & Lisa Dudson - Create wealth : the complete guide to residential property investment in New Zealand
Tony Steindle - Property law : a New Zealand investor's guide
Mark Withers - Property tax : a New Zealand investor's guide
Peter Aranyi - How to survive and prosper in a falling property market.
Martin Hawes - Financial secrets : the New Zealand everything guide to everyday finances
Graeme Fowler - New Zealand real estate investors' secrets
Martin Hawes - Property investment : a strategy for success
So my basic question is: what's the smartest direction for me to move in? My natural instinct is to learn everything I can about a subject so I can make the smartest decisions, but on the other hand I don't want wait so long that I miss out on opportunities that I could take advantage of in the current market. Are there any strategies I should pay special attention to as I'm learning? Any specific books that would be good for me?
Any suggestions at all would be very appreciated.
I read Rich Dad, Poor Dad last week which completely changed my perspective on money and got me thinking about my financial future. I absolutely love learning, so I've read all the threads in the first 10 pages in the Property Investment (NZ) forum, a lot of the wiki, and thanks to suggestions in the newbie forum here I've gotten these books out from the library to read:
Andrew King & Lisa Dudson - Create wealth : the complete guide to residential property investment in New Zealand
Tony Steindle - Property law : a New Zealand investor's guide
Mark Withers - Property tax : a New Zealand investor's guide
Peter Aranyi - How to survive and prosper in a falling property market.
Martin Hawes - Financial secrets : the New Zealand everything guide to everyday finances
Graeme Fowler - New Zealand real estate investors' secrets
Martin Hawes - Property investment : a strategy for success
So my basic question is: what's the smartest direction for me to move in? My natural instinct is to learn everything I can about a subject so I can make the smartest decisions, but on the other hand I don't want wait so long that I miss out on opportunities that I could take advantage of in the current market. Are there any strategies I should pay special attention to as I'm learning? Any specific books that would be good for me?
Any suggestions at all would be very appreciated.
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