I was born into one of the top ten business families in India, with the proverbial silver spoon in my mouth.
But through a series of bad deals, our family lost everything and my life changed forever.
We had about $15k left with no house, income, relatives or friends. You lose them all when you lose money.
I’d just finished my undergraduate degree and was off to the States. But now that was just going to be too expensive.
Australia looked like a more viable option, so I arrived here with $1,000 and enrolled in the University of Technology, Sydney.
I desperately wanted to build wealth up again so worked 70 to 80 hours a week to earn everything I could so that I could pay my fees, fund my stay and save for a property.
Every penny counted. I used to fast for two or three days in a week to save $10 on a meal.
Together with a friend, I invested in my first property in 2006. But I thought I knew it all and didn’t act on professional advice I’d been given. So we bought a house and land package at the top of the market. But the developer went broke, we had to complete it ourselves and then the GFC hit. Let’s just say it was a disaster.
Fast forward ten years and together with my wife, Charmee, we own a $6M portfolio which includes 20 investment properties spread across Australia and India.
The biggest factor in our success has been working with Paul Flynn, first as a mentor and now a business partner.
I’ve realised the importance of having a team of experts around you. You simply can’t do this alone. There are too many moving parts and you can’t be an expert in each.