- Hi, my name is Tony Law from Your First Four Houses.
And over the past 10 years,
I've been kind of in or around
the property training environment.
And I've seen some really big changes in that time.
But over the last couple of years,
I can't help noticing
that I've seen one particular change
that has actually got me slightly worried
and I wanted to share that with you today.
I'm often being contacted
by completely new property investors,
people with literally zero experience
and they're kinda coming into this environment
under the impression that they can make an absolute fortune,
in next to no time with next to no money.
You see, they see property investing as being the answer
to all of their problems.
And as I say, they're often under the impression
that this is really easy,
it's really easy to invest in property.
And I guess we as property trainers are sometimes
to blame for this impression.
Now I know that you can invest in property with next
to no money and goodness knows I've done videos
on this exact subject,
in fact if you click on this link here,
you'll see a video on eight ways to invest in property
with literally no money.
But I really hope I have never given anyone the impression
that property investing is easy
or that you can replace your income and next to no time.
In my opinion property investing should never be viewed
as a get rich quick scheme.
If anything, I like to think of it
as a get very rich, slowly scheme.
And and I think that's perfectly okay.
So if you're starting out from scratch,
in this property environment
and you're thinking to yourself,
you're gonna make an absolute fortune
in just a few months time, respectfully, stop.
You need to change that mindset,
I would respectfully suggest.
If you're planning on quitting your day job tomorrow
to go full time in property, respectfully stop.
I think you need to change that mindset.
You don't need the stress associated
with giving up your job
and then trying to get started from scratch in property.
You're gonna find yourself unmortgageable, probably,
you're gonna lose a massive chunk
of your credit rating, probably,
you're gonna be spending your savings
whilst you're trying to build up a property based income.
Instead, keep your job at least for the time being
and do property on the side, part time,
at least until you've replaced your income.
Believe me, there is a huge difference
between working in a job that you hate,
without any kind of a plan,
and working in a job that you hate,
once at the same time,
gradually building a residual property based income.
And if you're working some really, really,
really long hours, can you maybe reduce those hours?
I appreciate that this may mean a cut in a bit of the income
that you're bringing in.
But if you can live on that slightly reduced income,
and therefore slightly reduced hours, of course,
maybe that gives you just a little bit more time
to focus some of your energy on property.
Never, ever forget that you're playing the long game.
You're thinking years ahead, I would suggest,
not months or weeks.
The only thing that really matters,
as far as I'm concerned,
in property investing is consistent, regular, weekly action.
You should be taking small steps,
each week that's going to move you forward.
And if you want some help planning out a week,
can I suggest you click on this link here,
while I run you through a really great lesson,
on how to set up a default diary.
That's certainly helped me in the early days.
Know from the outset that you will be
making mistakes moving forward,
but that's perfectly okay, that's normal.
You will get demotivated,
you will want to throw in the towel.
But again, that's okay, that's perfectly normal.
Goodness knows, I made so many mistakes.
You just need to take those regular,
small weekly steps forward
and be realistic about what you're aiming
to achieve over the next 6, 12, 18 months time.
Now, I know this video may sound a little bit negative,
and I obviously apologise for that.
I don't like putting out negative videos.
I need you to be successful though.
And I recognise that sometimes new investors are,
again, respectfully unrealistic
about what they're gonna be able
to achieve over a short time period.
Play the long game,
take consistent regular action, every single week.
And I promise you, you will get there.
After all, if I could do it, anybody can.
The key is that regular consistent action,
if you do that, as I say, I promise you, you will get there,
you will replace your income.
Just don't expect it to happen overnight.
I put together a completely free mini course for you.
That will teach you exactly how Leon and I,
replaced our incomes.
Simply click on the link here, on description box below,
and I'll send lesson number one straight out to you.