So about a year ago I was going to actually blog about these plans I have to disappear to the country and go live under a rock. The plans are taking longer than I was thinking, but aren’t really rocket science.
They go something like this:
- Live like a pauper
- Buy shitty real estate with a high yeild x a few
- Accidentally buy shitty real estate in an area experiencing very high growth
- Wait for growthy property to growth some
- Sell growthy property and pay off other properties
Clearly this is an oversimplification, and I’m still on step 4 and am going to encourage this growth by getting the land surveyed and an architect designed dwelling approved, as it’s a shitty block of land and nobody has any imagination these days for what you do on shitty land. I may actually build and sell the completed non-shitty dwelling as it is in a good location, but that’s far too far ahead to really think about.
While I’m waiting on step 4 I should probably buy some index funds, but am distracted by trying to secure a completely paid off house to live in while doing so, and I’m not quite sure what’s happening with my current job. I also need mundane things like a chook yard, shade house, fruit trees and indoor plumbing. Baby steps.