“He Who Hesitates is Lost”

 In Investing

“He Who Hesitates Is Lost”

“No Guts No Glory”

“Nothing Ventured, Nothing Gained”

These are so many pearls of wisdom that came from our ancestors who sometimes, I have to believe, were so much more “switched on” than we are today. Maybe because they had to strive for everything they got and nothing was handed to them on a plate that they developed a sense of determination and fortitude.

These days it appears that everything is driven by “fear” and “what ifs” and “lets take the worst scenario and assume it’s going to happen”. So…a lot of people are missing out. They worry about everything and anything and as a result, become catatonic and achieve nothing.

There’s a bit of it around in the buying of property at the moment, where people are saying things like…

“I’m not sure if this property will still suit us in 10 years time.” – I mean, are you going to wait the 10 years to find out? or “it ticks a lot of boxes” – which usually means it’s just about perfect, but….no! Wait! We have to tick ALL the boxes! Or best of all… “oooh, we haven’t seen the worst of it yet – the property market is going to fall a lot further yet”.

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See more of 76 Rupert Street, Subiaco

Well, you know what – I don’t agree, but my agreement is irrelevant, it’s the consequences that you have to consider – if you must. And really, what’s the worst that can happen? You buy a property and it goes down in value. So what? So have all the other properties around you so you’re in exactly the same position. No better, no worse. What if, however, properties start to go up? (and believe me, all the signs are there…) then as long as you bought something you’re in a much better position – you now have equity in your home which drives up other opportunities and a comfortable “buffer” if you need to sell. However what if you do nothing and the market goes up? Uh Oh! That just cost you money! If you don’t act soon – it’ll probably cost you a lot more.

So…the moral of the story is stop procrastinating and go ahead and do what you have been wanting to do all along. It’s a brilliant time to buy right now – prices are still a lot lower than they were a few years ago but, be warned…things are changing and things are moving in a positive direction, so be careful that you don’t miss the boat.

We live in one of the most beautiful and peaceful (at the moment) places on the planet and people are always going to want to live here. Property is, and, in my view, will always be, the best investment you can possibly make for financial security in your future, so get rid of the “fear factor” and the “worry” factor and the “let’s look for reasons not to buy this house” factor and move ahead with confidence, and achieve the lifestyle that you want – only you can turn your dreams into reality, so turn your back on doubt, fear and worry and just – go for it!

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Source: “He Who Hesitates Is Lost”, Western Suburbs Weekly, Residential – 7 November 2017.

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