Love your friends, just don’t listen to them!

How many times have you been told by your friends ‘why would you want to invest?’

That’s why friends make the best mates but don’t always give the best advice.

I recently caught up with some friends I hadn’t seen for awhile.Friends-laughing

I told them I had gone back to work after having a baby last year but my husband and I were going through a bit of a tough property patch – we seemed to get dozens of ‘urgent repairs’ at around the same time and some tenants also did a runner. Nice

My friends, who obviously care very much and are gorgeous people, listened for about, oh, five seconds, then urged me to sell it all and be free of the mortgages.

It’s not worth the stress, they said. You can invest later. Just enjoy life.

For a split second, I did wonder if they were right – is it all worth it when the chips are down?

Our friends influence our lives so much, it’s easy to take their advice on board.

But the friends who tell you to sell everything, just enjoy life, are also sometimes the people who don’t actually own any property.

Not that there’s anything wrong with that of course, some people can’t afford it or simply have different priorities.

But for me, it has always been a case of sacrifice now, enjoy later.

We’re such an instant generation and life always seems to be about instant gratification.

But property is a different ballgame. It can take years for the plan to be fulfilled.

Nevertheless, I would hate to think what life might be like 20 or 30 years down the track without investing, and the prices you might have to pay by then.

If you’re still ‘enjoying life’, chances are you’ll still be paying someone else’s mortgage

It’s those who invested who will in fact be ‘enjoying life’ while those who did nothing might find they have to start making sacrifices.

That’s why I love Australian Property Investor magazine so much. I can listen to the real property experts and learn from them – the people who have actually invested.

Those who invested often made sacrifices and it can take a long time for property to become cash flow positive, but I truly believe the best thing is to listen to those who have already done it and simply copy their recipe.

I know my friends mean well, but let’s face it I’m now in my early 30s.

If I keep just ‘enjoying life’ I’ll be doing the same thing when I’m 40 and that’s another whole property cycle away.

I’ve always loved property and always wanted to invest.

I would hate to look back with regret, knowing I never tried or never did anything for my future.

After having a son last year, there’s now a lot more at stake too.

I’d love to be able to help him out when he decides to buy his first investment (and after having a father, a grandfather and a great grandfather who were all property valuers, there’s no doubt a love of property is in the family and in the blood! ‘No pressure’ though!)

Love your friends, just don’t always listen to them, especially when it comes to your financial future.

Want more of this type of information?

Lauren Day


Lauren Day is the former deputy editor of Australian Property Investor Magazine and an avid property investor. Visit

'Love your friends, just don’t listen to them!' have 7 comments

  1. January 24, 2015 @ 9:06 am Jim

    Written by someone with vested interest ! Good luck those ‘invest’ in property and take on $750k debt and cost $25k pa to keep !


    • January 24, 2015 @ 9:20 pm Michael Yardney

      Ingesting comment Jim. Lauren is a journalist now working for Fairfax and has NO vested interests


    • December 5, 2015 @ 11:51 am Marg

      Are you presenting your own opinion or fact? I have over that amount in loans and ALL investments maintain themselves now, so I agree 100% with the writer. Love your friends but if they do not invest don’t listen to them? Would you take advice from your friends or family on how to raise children if they didn’t have any children of their own? And this is a fact I am presenting here. I have listened to them but sorry I have not taken any advice. Theory and practice are two different concepts.


  2. January 24, 2015 @ 1:14 pm Ewa Janes

    Have tried to reach you a few times and keeps refusing the dumb CAPTCHA code. What is the point of making things more difficult for your prospective customers.
    Could it be that the message gets binned if you don’t like it.

    Best regards
    Mrs Janes


    • January 24, 2015 @ 9:19 pm Michael Yardney

      Sorry I’ll have our tech guys look at the Captcha codes

      The purpose of this is to minimise the huge amount of spam we were getting, sometimes over 50 spam messages an hour


  3. January 24, 2015 @ 8:56 pm Matt

    Hello Lauren

    Two Words : Nailed It !! Yes I have gone though the same situation where I went through a tough patch in my life, where my work had to shut down for 3 months ( lost wages ) I had 3 hot water service die, an air conditioner needed replacing as well as a tenant not paying rent, just bought a new car previously 2 months prior and booked a ticket to go to thailand, so I was boating up the creek with out a paddle!! so every one telling me sell every thing so I not get stressed from the properties but I remembered when house prices were in Melbourne was ( medium prices )mid $300’s and that was not that long ago, where my family and friends were telling not to invest in property because the renters just trash the house and you get nothing but problems!! But I battled through it and savived and glad I did choose to keep them. Property is a long term investment and you need the right positive mindset……..


Would you like to share your thoughts?

Your email address will not be published.



Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...