The Number One Mistake

The Guinness World Record for the most leaves found on a single clover stem is 56, discovered by Shigeo Obara of Hanamaki City, Iwate, Japan, in May 2009.

How do I know this? I looked it up online.

Why?

Because my daughter was asking me about how rare a four leaf clover was.

It turns out, the odds of finding just a four leaf clover are about 5,000 to 1 (which is a great way to get kids to spend an afternoon when there is a giant clover field).

“That’s great Chris, but why are you telling me this?” I hear you ask, “and what on earth does that have to do with the biggest mistake people make when they want to get into property?”

Well, as it turns out… the biggest mistake people make when they want to get into property is that they are waiting to find a 56 leaf clover.

In my 25 years of investing in Australia, I’ve watched countless individuals paralysed by the desire for the perfect conditions to buy property.

Or at least that’s the excuse they use.

They are a better chance of finding a four leaf clover. In fact, they’re probably a better chance of finding a 57 leaf clover (to break the record), because I’m not sure these factors will ever exist at the same time:

  • Skyrocketing capital growth
  • Stellar rental yields
  • Rock-bottom interest rates
  • Banks throwing money at them
  • Properties ripe for the picking at every corner

Here’s the funny thing… even if the “perfect conditions” did actually materialise, sure, some of them would finally see it as an opportunity to spring into action, though I’d be willing to bet many of them would manufacture another excuse not to buy anyway.

And besides, by the time these conditions do come around, a low performing blue chip investment still would have made significantly more money than bank interest alone, because it’s certainly not going to happen in the near future.

Here’s the heart of the matter: taking action, even in less-than-ideal conditions, often leads to greater success than doing nothing at all. Waiting for perfection is like waiting for a unicorn to lead you to your next investment. It’s a fairy tale.

Embrace Imperfection: Understand that high growth, high yield, and low interest rates rarely coexist perfectly.

Start Somewhere: Action is always better than inaction. The best time to start was yesterday. The second-best time is now.

Seek Guidance: If you’re unsure, that’s okay. Guidance from experienced professionals can illuminate your path.

Remember, the magic isn’t in waiting for the perfect moment. It’s in seizing the opportunities that are right in front of you, however imperfect they may be. Because in the world of property investment (not to mention countless other areas of your life), motion beats meditation every single time.

They do nothing at all.

Do these emails strike a chord? It’s not that hard to reach out and ask questions. Let’s chat about your circumstances and see if we can map something out together.

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