I was 35 and I had everything society determined as being a successful woman. I had the perfect house, great husband, two kids, good career and multiple investment houses. So… you say .. and??
Well, the point is, I was internally unhappy. My answer lay in self-reflection. Many people go through their lives allowing life to just ‘happen’ to them. Years later I learnt that this is called ‘being at effect’ rather than being ‘at cause’.
I knew one thing back then and that was I wanted to be ‘at cause’ and take responsibility in my life. I wanted to set higher, more audacious goals.
So… I turned to my husband and told him I was leaving the marriage. I decided at that moment that I would sign over 50% custody of my young children and begin my new life as a single parent. I had no clue of how it would work out or what it would look like, but I knew I had to do this for me.
Nine years on, as I reflect back on that moment, I cannot believe how far my journey has taken me.
Often, we as women sell ourselves short as to what we are truly capable of doing when we have to.
My passion for an alternative investment strategy was further ignited after yet another visit with a patriarchal financial adviser.
I had always been a lover of the Paul Clithero TV show ‘Money’ that screened in Australia from 1993 till 2002. I had begun purchasing the Money magazine by monthly subscription from the first issue in the early 1990’s and still do to this day.
I knew I had to do something and investing in houses or property was always on my mind.
DIFFERING RISK BELIEFS
One really important thing so overlooked in relationships is that partners can have vastly different ideas of what constitutes financial risk, which I call the ‘sleep at night factor’. This is where I found myself within my marriage. I was the ‘lets try’ with more high risk as opposed to my partners ‘consistent – measured’ low risk approach. Not a bad thing for some couples but for me it was the start of my financial discontent.
It was only later that I would understand, the more wealthy you get, the more accustomed to your tastes you become. In turn these tastes can form a vicious cycle of waste. Yes waste!
In 2008 for those of you who had mortgages in Australia or any sort of investment, will remember all too keenly the worldwide crisis of the day called the GFC (Global Financial Crisis). People lost money and interest rates were around 8.5%. Property markets dropped and people struggled to sell houses.
That was the market I entered as a newly single mother and full-time breadwinner for my family. I had decided early on that I would try and look for a house to buy instead of rent as I wanted long term stability for my children. Going through this process was harrowing enough for them. I searched for a house for months that met all my requirements.
I remember going to 20 open inspections on one weekend. My family came with me for support and it was on that cold but sunny afternoon in July 2008 that I put a contract on my very first ever, solely owned home.
I looked outside the socially acceptable suburbs of my peer group as my affordability on a single income was not high. Success. I signed the contract on my birthday with the only money I had at the time… $500.
The proceeding years would bring the most life-changing and personally reflective, times I have ever had to deal with. Living from pay cheque to pay cheque and there still not being enough money to cover all the debt.
I can reflect now that it is only when you are in the darkest hours “what the hell have I done?” that you can truly find the answers in the untapped stream of your own inner strength.
I needed to work past living in survival mode to aim towards the dream’s and goals of building and enjoying the best life I could create for myself and my family.
Remember when you were a child and you dreamt about who you would be, what you would do, and what you would have, when you grew up. In my late 30’s I reflected on what I wanted and also what I hadn’t achieved yet. I really had to define for myself what would make me ‘happy’.
My first goal post-divorce, was to own 6 houses. Yes 6. I don’t know why 6 but that was the figure that was in my head. For me it was a challenge and I loved a challenge. I truly began my quest to achieve my goals.
Fast forward 6 years, I now own 6 houses. Goals have been met. Was it challenging? Yes. Was it rewarding? Hell yeah! Am I a role model for my children? Big time. Have there been lessons learnt? Definitely. Do I love my new life? Yes, Yes and more yes.
Do I now have larger goals to help others along their property investment journey? Yes, I want to continue to show others how they can also be financially free.
So… in conclusion my name is Jodie Cole, I am a Mother, Mentor, Property Investment Adviser, Facilitator and Strategist. I did it and so can you!
Only as high as I reach can I grow
Only as far as I seek, can I go
Only as deep as I look, can I see
Only as much as I dream, can I be