I was sitting in my car, driving around the country with a shopping spree in mind.
A few weeks earlier, I’d bought a $600,000 home in Perth for $700,000 in cash.
I wanted to build up my portfolio, which would give me the opportunity to invest further in a range of high-growth property stocks.
That’s the philosophy behind the ‘shopper spree’, where I buy one asset in the short term, and invest in the long-term.
The shopping spree was a good way to do this.
While the money I put in my first month was a nice windfall, I was left with a $5 million cash balance and no other assets to invest.
When I got home from the shopping spree, I checked my balance and realized the debt was at $11 million.
I’d lost almost $10 million.
As I contemplated this, I decided I had to make sure I was not going to run out of money.
I’d been reading about the phenomenon known as “churning” for a long time.
Many people are tempted to shop because it provides a sense of security.
It’s a good feeling when you’re spending money and feeling good about yourself.
However, it can lead to bad habits that can lead you to a deeper financial crisis in the future.
After some research, I determined that churning was an extremely common phenomenon, occurring when you shop for products you don’t really need, but are willing to spend a bit more on.
It can be triggered by several factors, including low returns on your investments, a poor performance of the stock market, and the need to take on debt in order to pay back a loan.
While the “churned” mentality is certainly a factor in many people’s decision-making, it doesn’t explain the phenomenon in all cases.
For instance, it is possible that a particular property may be a good investment, but you’re tempted to buy it because you like the appearance of it.
Or you may feel confident about your ability to repay your debt and think that the house will be worth more once you’re able to sell it.
If you’ve been struggling to make a decision and you’ve had a churning problem, you may want to consider the following advice.
Step One: Identify the problem Step Two: Determine the cause and remedy My shopping spree turned out to be a perfect example of churning.
It wasn’t that I bought a house that didn’t look or feel right.
Instead, I bought it because I wanted the house to look and feel good.
I was in the market for a home that was a mix of good and bad properties.
That said, my shopping spree had a number of other factors at play.
First, I had been shopping for a lot of property.
I bought the house because I’d seen the property listed as a “good investment”.
I liked the design and appearance of the house.
I liked that the property was “off the grid” and was “not a large apartment block”.
It was also important to me that the seller was willing to sell me on the house as a bargain.
Second, I wanted my money back.
As I was shopping for the house, I didn’t see that it was a suitable investment for me, since I didn`t have any money in it.
I also didn’t like that I had paid a mortgage.
Third, I wasn’t able to access the home’s appraised value, which I needed to sell the house for a fair price.
And finally, the property had been listed as “off-the-grid” and the seller hadn’t been able to find any buyers for the property.
These factors contributed to the “failing out” of my shopping sprees.
To make things worse, my buying spree had come at the end of a bad period of investment, with the property in question selling for a lower price than the initial bid.
My first shopping spree The only good thing about my shopping spurts was that they were a way for me to keep my mind off the “shopping spree” and get back into the “money flow” of investing.
But the next time I got the chance, I would have to reconsider the “purchasing spree”.
For the next few weeks, I went back to the shopping sprees, looking for the same property that had been on the market before I left for the shopping spurges.
I would go through the same steps over and over again.
Once I’d finished the shopping, I looked again and found that the same thing had happened again.
I could no longer get the house on the auction block.
This was a major setback, and my investment strategies would need to be rethought.
In hindsight, I should have stopped shopping, but it