Investing in Time: Michael’s Real Estate Journey

Recently, I had the privilege of sharing my story on the “Get Invested” podcast hosted by my good friend Bushy Martin. We ventured into the intriguing world of real estate investment, a journey that’s been both challenging and rewarding for me and a testament to the value of investing in time.

Check out the podcast below:

Our chat revolved around some key themes that have shaped my life: the compelling power of compounding, the nuances of real estate investment, and finding that ever-elusive balance between work and personal life.

From a young age, I was fascinated by the concept of making money work for you. This idea, coupled with a deep-rooted belief in the importance of family, has driven my investment choices. At about 15-16 years old, I recall questioning how to earn money without actively working. This early curiosity about passive income was pivotal in shaping my investment journey.

During our podcast, we dissected how simple yet powerful concepts like compounding interest can significantly impact one’s financial trajectory. But it’s more than numbers and strategies – it’s about personal growth, learning from successes and setbacks, and ultimately, creating a lifestyle aligned with one’s values.

Join me as I share my story, the lessons I’ve learned, and insights from my venture into property investment.

Discovering the Power of Early Investment

“If you invest $10,000...after 10 years, you’d have $39,000...”

Compounding interest has always fascinated me from a young age. This concept wasn’t just a financial lesson but a revelation that shaped my approach to investing. I remember seeing a graph that detailed how compounding works over time, and it was both terrifying and exhilarating.

For instance, if you invest $10,000 and contribute just $100 a month for ten years at a 5% interest rate, you’d have around $39,000 after ten years.

This realisation sparked a fire in me. The difference a decade could make in the world of investing was staggering. It underscored the importance of starting early to harness the full power of compounding.

Building a Real Estate Portfolio

First Steps in Property Investment

My journey towards buying my first property was as much about discipline and dedication as it was about understanding the market. Working multiple jobs and living frugally, I focused on saving every dollar I could. This period wasn’t just about accumulating funds but a lesson in perseverance and prioritising long-term goals over immediate gratification.

I vividly remember the day I realised I had saved enough for a deposit. It was a mix of relief, excitement, and a bit of apprehension. This milestone was a financial accomplishment and a testament to the power of determination and hard work.

With my savings in hand and a wealth of research backing my decisions, I took the plunge and purchased my first property at the age of 21. It was a modest three-bedroom house on a sizable block near Penrith. It was the first tangible result of years of saving and planning – a step towards financial freedom.

Professional Growth

Parallel to my investment journey, my career path and education played a pivotal role. My university degree in property and business laid the foundation for understanding the intricacies of the real estate market.

Working in various roles, from lease administration to portfolio management, I gained invaluable insights into the commercial aspects of property, complementing my personal investment strategies.

This blend of academic knowledge and professional experience shaped my approach to real estate. It wasn’t just about buying properties – it involved a nuanced understanding of market dynamics, property valuation, and strategic investment planning.

Strategies for Growth

My approach to growing a real estate portfolio was multifaceted. It wasn’t merely about buying properties but smartly enhancing their value.

My first significant step was adding a granny flat to my initial purchase, a strategy that increased rental yield and paved the way for future equity gains. An in-depth understanding of property valuation and market dynamics led to this move.

However, this journey wasn’t without its hurdles.

The initial plunge into real estate brought a mix of excitement and apprehension. The fear of making a wrong decision was real, but I overcame these doubts by leaning on my research and focusing on the bigger picture – the long-term compounding of my investments. As the market evolved, so did my strategies. Adaptability became my mantra, allowing me to stay in stride with the changing tides of real estate.

The Role of Family and Personal Goals

If I sum up my drive in one word, it would be ‘family.’

My father played a significant role in introducing me to property investment. His advice to work smart, not hard, coupled with the valuable lessons learned from my family, particularly influenced my approach. This solid foundation in my upbringing shaped my vision and goals, deeply intertwining my investment choices with aspirations for my family life.

As a husband and father, my vision was not only about financial freedom but also about being present and engaged. Every investment decision I made was a step towards realising that vision, ensuring that when the time came, I would be ready to provide for my family, not just financially, but with my time and presence too.

The Importance of Property Knowledge

“So after I purchased my first property, I always continued to invest in education, invest in my knowledge, and so I continued to go along to seminars.”

I quickly learned that successful property investment hinges on deep market knowledge. You can’t just jump in blindly. It’s about understanding the dynamics of property valuation, the significance of location, and the growth potential.

I didn’t acquire this knowledge overnight. It was a product of my university degree, relentless research, attending seminars, and learning from every available source.

This foundation of knowledge was essential in making informed decisions, reducing risk, and maximising potential returns in my property investments.

Final Thoughts

The lessons I’ve learned from my journey are clear: start early, understand compounding, and never underestimate the power of educated risk-taking. Real estate isn’t just about acquiring property; it’s about strategic growth, personal values, and adapting to life’s changes.

I hope my story inspires you to embark on your own journey towards financial freedom. For a deeper dive into my experiences and insights, I encourage you to listen to the full podcast and explore the nuances of real estate investing.

Picture of Michael Olivieri

Michael Olivieri

Michael Olivieri is a graduate of Western Sydney University with a Bachelor of Business and Commerce degree in Property. He has spent over ten years in the real estate industry, gaining a deep understanding of the local property market. Michael's primary focus is delivering exceptional service to his clients, providing them with the information they need to make informed decisions while ensuring a smooth and hassle-free property buying experience.

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