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Over the weekend, I decided I need to gain an outside perspective on my financial position and wealth accumulation strategy.
Without getting into a debate about independant financial advisors. whose perspective is loaded with something to sell and tailored for the masses. ( Not property investors themselves alot of the time)
I have life insurance and I'm aware of most traditional methods of investing.
My request is for someone in property to take a look at my personal numbers, lifestyle and failures to date. an anonymous exchange of ideas.
A holistic evaluation of what's possible and given my circumstances what would you do?
Only individuals whom walk the walk , and can talk the talk.
I'm stuck in a rut , plateaued to some degree and need to push forward.
I like and prefer anonymity ( junk email discussion), so hence why I can't detail every facet here.
I got nothing to lose if my request fails. Before considering please read
I'm looking for brutal honesty , without sympathy or sugar coating.
Thank you for those that reply, even if you can't help.
BTL - Vacant £450 PCM | Only £57951 in PT Marketplace.
Not having a Plan. If you Fail to Plan, You're Planning to Fail.
wisdom involves an integration of knowledge, experience, and deep understanding that incorporates tolerance for the uncertainties of life as well as its ups and downs.
One way to break out of a rut is to do something radically different - something that you would not normally do.Read a book that you would never normally read, see a film that is not the normal type of film you would go to, visit somewhere different. "The comfort zone is a lovely place, but nothing ever grows there".Challenge yourself!It is easy to get stuck in a rut or plateau, whatever walk of life you are in.The first stage of breaking out is to recognise that you are, so you have already taken that on board.This thread my help:12 positive things to do today to break "property investor's block" & move forwards.I hope you get some good inputs to assist you moving forwards. P.S. Perhaps get yourself along to the Property Investor Show or Landlord and Investment Shows to get some new inputs and inspiration?!
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
It may not be exactly what you’re looking for but have you considered speaking to your broker about it as a first port of call?In my (humble) opinion these are the people who have seen it all as it truely is, beyond all the hype on social media and may give some of the soundest advice. No one will be able to tell you the future but an experienced broker has seen enough mistakes and knows the financial position of lots of people and what changed it, so their advice on the subject in invaluable.
Spoke to Broker in March. ( Also a property investor ). Will revisit this avenue after further thinking. My main residential mortgage and income requirements , together with PRA rules and other mistakes. Are creating a situation stuck, it's not a unholly mess. But its complicated.
I'm trying to get my ducks all lined up in a row before may rate decision and before I sell something that I shouldn't. Considering debt may be not best option.
I'm willing to try and help you have a think about your situation if you feel that could be useful.
There are so many variables though, including ones that are difficult to judge or quantify - such as around your personality and beliefs.
There is never a right answer as to what you, I or anyone else 'should do'. There are only choices based on your own evaluations, appetite for risk, background, personality, strengths and weaknesses, and other things including how hard you're prepared to work at it.
All anyone can do for anyone else I believe is to suggest options. Then to act as a sounding board for your own thoughts and decisions. Always, the responsibility is yours.
What I like about writing a book is that I can lay out information for anyone interested, without saying 'you should do this or that'. The information is just given. Whether any of it rings a bell or you choose to act on it - and how that turns out - is entirely up to you.
"It is the small decisions you and I make every day which shape our destinies." Anthony Robbins
Thank you Angela would be grateful for your insight, experience and opinion.
I understand the approach of not knowing every single variable. What works for someone else may not work for me. Risk profile , family profile etc. Even age is a factor.
I'm fully aware of the caveats that advice, opinion, and must make own future decisions.
I trust but verify always.
I'm not seeking mentorship, just an outside perspective.
The next 15 years are important. I want to take a measured and calculated approach.
my failures to date has let Fear take hold in some ways, and perhaps too much caution and laziness cloud my thinking.
Ok that's good, you can email me at angela (at) angelabryant (dot) co (dot) uk.
Thank you. Angela.
I will purchase the Amazon book you wrote?
it would a disservice not to read published insight first and it's a good price.
(Will need to check my book collection make sure I haven't got it already.)
Will send you email soon.
My first book is quite dated, so useful for a general perspective only to be honest.
I have a new book coming out in May.
I don't bother to have a website.
That's fine will have a read of new one in May. Will formulate my Intial email tonight.
Thank you once again. ( It means the world to me to get a response)
Have a nice evening.
Have a good evening too. Happy to know it's encouraging for you to get a response.