When I was young and growing up in the 60s & 70s the last thing on my mind was having money and paying for stuff. The streets were free to play in if you had a tennis ball or a football and someone always had one of these as we lived in the town that made the Slazenger balls for Wimbledon.
The town I grew up in (Barnsley)had loads of pits but in between all that as you can see today we are surrounded by thick woods, green farmers fields, and common land, people from outside Yorkshire don’t know and we want to keep it that way. Games such as One Man Wembley, Bulldog, Off Ground Tigs, Dobbie, Kerby are just a few ticked off the endless list in the kids library passed down through family and friends.
After school, it was tea watching kids TV then out while it got dark, but in the 6 week holidays, you could be out all day nipping back for lunch or if you had to have a trip to the hospital with a cut head or broken arm.
So what about the Thick to rich I hear you say, Well, there are lots of avenues to go down to make money quick and lose it quicker but the one I chose was property, good old bricks, and mortar.
At school, I was only any good in the lessons that were interesting and that was not many to me with my short attention span. Our class system was easy to follow, for kids A, B, C, and D, with A being the top class and D being the bottom. A & B did O levels and C & D did CSEs. I was in C all the way through school and C & D pupils were labeled Thick by association.
I saw from earlier on that the odds were stacked against us in the education system and ill tell you why. In the old days to have any chance of a decent job or going to six form/university you needed O Levels and when you sat an O level you would pass if you came in the first 4 grades. To get the equivalent of an O Level in CSEs you needed the top grade which meant getting over 90% of the exam right and to do this in any test is extremely difficult. I came within a whisker in woodwork but was marked down for not making enough pieces due to the fact I made a telephone table that took forever to do. after I finished I had the indignity of carrying it home over the fields and roads like a red sweating tortuous. Still, it looked well in our small hallway as you had to walk around it to get out through the front door every day for the next 10 years. As a protest, I didn’t revise for any of my exams and still got 9 CSEs which in today’s money means absolutely nothing.
From an early age, my mum told me to put my money into property and it kind of stuck. I hear all you people shouting at the screen, you can’t get on the property ladder now houses are just too expensive. well, I’m not telling you to buy in Knightsbridge or that theer London. What you have to do is look in the places you know and are familiar with. if not have a look around using the property apps. I bought my first property in 1995 for £30,000 and its now 2017 and I’m buying them around the £50,000 mark, still. The size of the properties were different back then but these properties can have value added to them and over time that will turn into equity. You need to be patient and not think it will happen overnight. If you look at any of the rich people in the world they will all have one thing in common and that is they have all invested in property. Donald Trump made his fortune in property (with a little help from his dad), and a certain Grant Cordone who is a sales guru lives and breaths real estate, (why its called real estate ill never know). Mr. Richard Branson bought an island once called Necker that just had a few shacks on it, but today its a destination for the world’s rich and famous and if you wanted to buy it you would need very long pockets. So whether you buy for 50k or 50,000,000k what you have to do is add value to it. So this may mean buying a property and moving into 1 room as I have done then renovating the rest of the house over a few years to get in front then keep repeating the process and building your portfolio. its is hard but enjoyable work and truly satisfying once a project is finished. it can be stressful but that is the nature of the beast. So invest in property and use competent tradesmen to do your work. Don’t cut corners or try doing things cheaply, take your time and don’t rush the quality will show through.
So whether you buy for 50k or 50,000,000k what you have to do is add value to it. So this may mean buying a property and moving into 1 room as I have done then renovating the rest of the house over a few years to get in front then keep repeating the process and building your portfolio or bank balance. Its is hard but enjoyable work and truly satisfying once a project is finished. It can be stressful but that is the nature of the beast. So invest in property and use competent tradesmen to do your work. Don’t cut corners or try doing things cheaply, take your time and don’t rush the quality will show through.
PS sorry for any typos i didnt do that good in school.