Real Estate Investor Magazine South Africa September 2013 | Page 68

LESSONS

BY ANGIE REDMOND

Creating YOUR wealth
W
It all starts with YOU
hen you think of the word ‘responsibilit y’ what comes to m i nd? Most p eople t h i n k of getting a job, saving money, buying a car, then a house, followed by marriage and a white picket fence. Guess what: you just made yourself poor. Yes, I said it, poor, and why you may ask? Well, easy: you followed the path of no resistance and responsibility. it’s a trap to keep you paying your money to someone else for the rest of your life. The best way to avoid it is to think of the good type of debt, the type you want. Debt that earns you money. What does that make you think of? Property is what you should be thinking. Yes, you take out a loan from the bank and that’s debt, but if you buy a property and let it out, then it’s debt that’s earning you money. And once you have paid that off, you are now earning two incomes. Would an expensive car earn you an income? Changing your attitude towards money goes further than just the way you perceive debt; it’s also about the money itself. What is money? It’s a piece of paper with a picture on it, any power it has over you, you gave it. Stressing and thinking about money all the time is exhausting. Just don’t do it, fortunes can be lost and gained in a day and more than one mogul has lost it all, only to get it back again. It’s very important that you learn to respect money and respect what it can do for you, without allowing it to take over your life. Investing in property is not just for the rich and educated, anyone can invest in property. A ll it takes is the right knowledge, and knowledge in this day and age is free, with the Internet at your fingertips, you control your future. If you want to change your life through wealth cre F???F?V?vWB&W6V&6???r?b??B?WBv??F?RW?W'G2&R?B7V?F?F?V????B?bF?R&?W'G?&?fW76????27F'FVB?fb&?v?Bv?W&R??R&RF?F???B??7B?bF?V?&R??&RF??v????rF??V??F?W'26??WfRF?V?"v??2?6?7F'B&W6V&6???rF?F??7V?F?V??Rv??v????V???R??F?R&?v?BF????R7W&RF?W?FW6W'fR??W"G'W7B??B7F'B?????r??W"f???6??g&VVF?????rF?vV?F??V??RvWBWfV?vV?F??W#?F?W????r?BV?FW'7F?B??rF?W6R???W??F?W?7W'&?V?BF?V?6V?fW2v?F?V??Rv?????r??rF???F?R???W?v?R???W"6?F??26VVC???R6?w&?rF?B6?F???F?f?&W7B'?'V??r??W"f???6W2?F??( ?B?W7B6WGF?Rf?"?&F??'???F??Vv??N( ?26fR?B6??f?'F&?R???R6?6??WfR??&R?BF?B'&??w2?RF???7B???C??N( ?2&?WB??r??R6VR??W'6V?b???7B?bF?RV??Rv???FRF?V?"G&V?26??RG'VR?BF?&GF?R?VvRGfW'6?G??BF?W?F?F?( ?B?W7B6?B??F?R6?&?W"?BF????( ??6?( ?BF?F??2??v?BF??'WB?F??( ?BF?????v???7V66VVB?( ??bF?W??B???bF?RFV6?????w?vR?fRF?F?v?V?B?WfW"?fR&VV???fV?FVB?&V?Wf??r??R6?F??B?BG&?fR?BFWFW&??F???&R??bF?R&GF?Rv???F?Rv?F?vV?F?7F'G2v?F???R??wwr?&V??r?6?????F?R&?vvW7B?'7F6?RF?GF????r&V?vV?F??27GV????R?'??f??r??W"?fR?????W"??B6??GV6?fRF?7&VF??rvV?F????R?fRf??VB&Vf?&R??R7F'B?'WB??R6?6??vRF?B??B??6??W2F?v?F???r??RF????&?WB??W"?fR?F?Rf?'7BF???r??R?VVBF?F?????b?2FV'B2F?6V6R?F?W&R&RF?ffW&V?BG?W2?bFV'B?BF?RG?R?bFV'B??Rv?B?2FV'BF?B?27GV??V&???r??R???W????B6?7F??r??R??W"6?'?WfW'????F???b??R&R7V?F??r??W"???F??6?'????r?fb66?V?G2?6"???2?B6??F???r66?V?G2???R?fR?FR??W'6V?b??"?6??vR??W"??G6WB?6??vRF?Rv???R6VRF??6R?FV?2?F?B?Wr6"??Rv?C??N( ?2??6??"?B?N( ?2v???rF??VW??Rg&??7&VF??r&V?vV?F??F?Bf?7??Wr???R?"vFvWB??N( ?2v???rF??VW??Rv?&???r??RF?????R&WF?&R?BV?R?WB?W??7FV?6R???R?VVBF?7F'Bv?F?F?Rv???Rf?Wr?W?W'?v??G2?B???W??&V6W6R7&VF?B?2??B???W???cB6WFV?&W"#24&V?W7FFR??fW7F? ??