Why 54pc of property investors will fail

When it comes to taking control of your personal finances, the sad reality is, most people prefer to bury their head in the sand.

In fact, when I surveyed thousands of property investors about budgeting, 54% said they had no budget at all. Imagine that – more than one in two do not monitor their spending!

I can empathise. It can be confronting and uncomfortable to face the reality of your own financial situation. Personally, I avoided it for a long time, living on credit cards and personal loans and ignoring the fact that my savings account balance never rose above $1,000.

→ Read More

When it comes to taking control of your personal finances, the sad reality is, most people prefer to bury their head in the sand.

In fact, when I surveyed thousands of property investors about budgeting, 54% said they had no budget at all. Imagine that – more than one in two do not monitor their spending!

I can empathise. It can be confronting and uncomfortable to face the reality of your own financial situation. Personally, I avoided it for a long time, living on credit cards and personal loans and ignoring the fact that my savings account balance never rose above $1,000.

→ Read More

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