Susan was introduced to me by a current investor in my mentor program. Russell asked me to meet with Susan and review her situation and to comment on an investment strategy that had been put before her. I made a time with Susan and agreed to meet her after dinner.
Three things really impressed me when I first met Susan. Firstly when I pulled up outside her home, it struck me that susan had started to improve her home with the most cost effective solutions. She had started in the garden and had created an exciting “come and look at me” feel about her home. (Kevin Biggin once told me that a garden and a large tree can add up to $50,000 per established tree for the resale of your property). Susan had started with plants and stepping stones and a small make-shift bridge to enter her property.
The second thing that struck me was that Susan was quite unwell and did not cancel the appointment! Commitment! The final thing that struck me about susan was the fact that she was using material curtains as doors in her property. She was part way through renovating and rather than putting the doors on her credit card; she was saving for them.
Susan was already budgeting to make ends meet, but was keen to improve and enhance her budget where ever possible. We worked on the budget and looked at her cash flow. How can we improve cash flow to find an additional $120 per week to support an investment?When we started talking about hobbies, Susan told me that she did Japanese dance. She also spoke Japanese. Bing! Here was the answer; she could earn an additional $120 per week by taking on a part time job with the CAE to teach Japanese.
Soon into the close of the meeting, I realised that whilst Susan was supporting two children (with very little help from her ex-husband) on a teachers salary, she had already made head-way with a budget and was keen to do what ever it took to get ahead. She was putting her future-first!
When you work within the investment arena, it is a challenge to watch people who earn good money and realise that they believe wealth creation will just flow as a resulf of a good salary?! Is it then no surprise that many people who do exceed everyone’s expectations are those who watch every cent that they earn? This was Susan.
By the end of the meeting I was inviting Susan to ‘star’ in my new Blog of buying off the plan. If a single mum with very little help from her ex-husband can invest – so too can you!