10 years seems to be a long time, however to me, it sometimes happens so fast. Let’s look back and see what I have achieved in the last 10 years, and what I plan for the next decade.
What did I do?
- Arrived in Australia.
- Finished Bachelor degree.
- Bought a house, and some investment properties.
- Visited various places in Australia and the world.
- Moved to Melbourne and obtained a good income position.
- Got introduced to financial education.
- Became an Australian citizen.
- Founded a company.
- Found a girlfriend 😀
What am I planning for the next 10 years?
- Get personal finance organized.
- Buy more properties :)))
- Get married.
- Achieve financial confidence.
- Give back to the community.
- Help suitable people to reach financial confidence as well.
- Travel to various places.
What did I do and achieve in the last 10 years?
I arrived in Melbourne on the 14th of February, 2010. So it is almost 10 years living in Australia. I did a Bachelor degree of Information Technology and had the opportunity to work for IBM as an intern for a total of 5 years (2011 – 2015).
Funny enough, I did not work there as a programmer, but rather a network engineer (SAN storage engineer). However I did have some opportunities to create automated scripts for the team to use (mainly in daily healthchecking, and storage provisioning).
In 2013, with some helps from my beloved parents, we purchased a property in Ballarat, and I lived there until I moved to Melbourne in 2016. Back then, the property price was $175,000; which we negotiated down to $160,000 and got the property with a small home loan, thanks to the stable income from IBM internship. The broker said it was the smallest one that he filed since he started his career.
In Ballarat, I have the opportunity to make friends with many people and they brought me to various areas that gave me the experience of how Aussies do in their weekends. I’ve been to numerous camping sites, walking tracks, skiing and even went to a scout camp retreat. Ballarat is a small town and there are not many activities, but somehow being with the nature helps me not feeling boring.
Some activities I engaged includes
I also travelled to other countries as a tourist, e.g. Italy, Russia. The trips gave me a lot of new perspective, as well as opened my eyes to different cultures that I will express more in future blog posts.
What did I do in Melbourne?
After nearly 7 years in Ballarat (2010 – 2016), I decided to move to Melbourne after securing a better occupation after my granted PR. Funny that it only took me 2 weeks to get accepted as a PHP developer, and another 2 weeks to resign from IBM. So after 4 weeks I jumped from working in Ballarat to commuting and working in Melbourne.
After 9 months of commuting, and every Saturday driving for an hour to Melbourne for inspections, I decided to purchase another property that I called home for the next 4 years.
Since moving to Melbourne, everything exploded. Events happened so fast that looking back now, I probably have grown more after 3 years in Melbourne than the previous time in Ballarat. I got introduced to financial education via the first book I read Rich dad poor dad. After finishing the book, I got curious and since then have read multiple books on the topic, e.g. Barefoot investor, The Richest man in Babylon, The 4-hour work week, etc. Now I am developing my own financial plan following some of the advice that I learned from the readings.
In 2016, just before I moved to Melbourne, I officially became an Australian citizen after 6 years living and studying. It was a big milestone and opened the doors to multiple opportunities that otherwise blocked for non-citizen.
Last but not least, I got a girlfriend :D. She is smart and beautiful and I feel lucky to have her.
What’s my future look like?
First priority will be getting my financial position organized, since I have not had a good structure just yet. Only recently I have consulted several financial planners and see if their expertise align with my goals. 2020 will be a great year and I hope I can secure a good position in the first half of the year.
I have decided that investment properties will be the investment vehicle for me. Therefore buying more suitable properties is crucial to achieve a solid future. From the advice I got, I will need at least 5 Millions worth of net worth to be able to have a splurge life without having to work anymore.
Once I achieve financial confidence, I hope to give something back to the community. Either in the form of charitable funds, or going to exotic places and help people who have less luck than myself.
I also want to help other people who share the same vision for the future to achieve what I have. Once I have the experience, it is definite that I will pass on the knowledge to people. It is better to have more friends that share and achieve the same goals in life.
Marriage pressure is increasing year after year. However I hope that I will get married within the next 10 years. It is a long time so reasonably safe to assume.
“Most people overestimate what they can do in a day, and underestimate what they can do in a month. We overestimate what we can do in a year, and underestimate what we can accomplish in a decade.” – Matthew Kelly, The Long View
With the above forecast about my future, I am certain that I can achieve a lot more than what have been outlined. I believe that I create my own luck and will take all responsibility for my decisions.
My final question for you is, what did you do in the last 10 years?
By Tuan Nguyen