Before we even started investing in property we borrowed money to invest in our knowledge.
Blogger: Helen Collier-Kogtevs, Real Wealth Australia
When Ed and I were starting out as property investors, we made a conscious choice that that, on reflection, was the most life-changing decision we’ve ever made.
That decision was to invest in our own personal financial and real estate education, before we invested in property.
Now, I have to point out that we were not wealthy people at the time, so it wasn’t the easiest decision to make. In fact, we had to borrow money from the bank in a personal loan in order to pay for our property education.
It was a huge amount of money to us at the time, somewhere in the vicinity of $20,000. We had precisely $0 in our savings account, with credit cards that were at their limits.
But we knew we had to do something drastic to dig our way out of our financial hole and make progress towards becoming financially secure. What we were doing, just wasn’t working and we knew we needed help.
Little did we realise that our decision to invest in ourselves was actually the first step we took towards becoming wealthy.
In taking that action, we learned the biggest lesson of all, which is that the more you learn about yourself and the more you apply that knowledge, the more you accelerate your opportunities in life.
To this day, Ed and I continue to invest in seminars, conferences and other educational programs that help us to leverage our position into what we want to achieve in life.
After all, you want to learn from someone who doesn’t just pay lip service to their ideals, but who genuinely walks the walk. You wouldn’t visit a hairdresser with bad hair, or go to a dentist with crooked teeth – so you shouldn’t use a property and wealth coach who hasn’t built significant wealth for themselves through property.
The way I see it, if you want to be very, very successful, then why not learn from very, very successful people so you can apply their strategies?
Until next time, happy investing.
About the Blogger
Helen Collier-Kogtevs is a bestselling author, educator, speaker and property investor. Her passion for wanting to make a positive difference to people's lives inspired her to create mentoring programs that teach people how to strategically build a balanced portfolio of 10 properties in 10 years.