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b'ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode\\n\\n\\n\\n\\n\\n\\n\\n\\n{"@context":"http:\\\\/\\\\/schema.org\\\\/","@id":"https:\\\\/\\\\/onproperty.com.au\\\\/investment-property-vs-home\\\\/#arve-youtube-an70nowp1lu659a0b2d9a1c3741840950","type":"VideoObject","embedURL":"https:\\\\/\\\\/www.youtube-nocookie.com\\\\/embed\\\\/aN70nowp1LU?feature=oembed&iv_load_policy=3&modestbranding=1&rel=0&autohide=1&playsinline=0&autoplay=0"}\\n\\n\\n\\n\\n\\nShould you buy an investment property or your own home first? This is a major life decision and should NOT be taken lightly. In this episode I give some insights to hopefully make this decision easier for you.\\nResources Related To This Episode\\n2 Properties To Financial Freedom\\nTranscription:\\nTonight I want to talk about the idea of whether or not you should buy an investment property or whether or not you should buy your home first and now this is not a decision that I think you should take lightly. Obviously this is a really important decision for you and for your family. This is going to be a massive purchase and a lot of people want to own their own home, so I\'ll just go straight out there and say that there\'s no right answer to this, so I\'m not going to be saying what you should or shouldn\'t do, but I\'m going to look at some of the pros and cons of each decision and then you can hopefully I\'ll help you make that decision for yourself because this is a big one. A lot of people want to own their own home. A lot of people also want to invest in property and achieve financial freedom, so what\'s going to be best for you and what are some things that you can look at?\\n\\nOne of the things I think people don\'t realize when they\'re making this decision is that they often choosing between the idea of security and having that security because having a dream home or having a home that is your own that you pay off and own outright, that provides people with a lot of emotional security. No one\'s going to kick you out of that home. Banks can\'t foreclose on you once you own it outright. If you\'re renting than the people who are in the home can\'t kick you out. That home is yours. You\'ve got security for yourself, but especially being. If you\'re like me, where you\'re married with kids, you\'ve got that security that you\'ve got a place to raise your family, that you\'re always gonna. Have a roof over your heads. So choosing between the security and the potential of freedom and so freedom is the ability.\\n\\nWell, I believe to do what you want with your time. And for me, freedom has always been way more important than security. So I\'m not saying that freedom should be more important than security for you, but I will let you know that it has always been more important for security for me. And my wife had basically saved up a house deposit ourselves, but we were unhappy where we\'re living on the gold coast. So we were looking at purchasing property at the time. Actually we\'ve done this twice. We saved up a deposit, we paid off debt and we were basically one commission away from having our deposit ready to buy a house on the central coast and we gave all of that up in order to move up to the gold coast. So we chose freedom in which shows that we wanted to move up to the Gold Coast to get a lifestyle and so I could start my business.\\n\\nAnd so we gave up the house deposit, use that savings for the move and to support us while we got my business up and running. So we chose freedom then and then we were on the gold coast. We were in a financial position where we could purchase a house or would be able to purchase a house in the near future, had the deposit, but we weren\'t happy on the Gold Coast. Um, we decided that we wanted to try something radical, something different, and so we purchased a sprinter van and then did that up and went traveling as a family in the van. So again, we put our savings into that and chose freedom over security because the security wasn\'t making us happy and we weren\'t happy in that.'