PHOTO: SUPPLIED Graeme Fowler says he’s made many mistakes through his investing career.
Graeme Fowler made his first million dollars in 2000, when he was 36, through property investing.
“More specifically, it was mostly through buying and selling properties at that time.”
He entered the property market after reading Bob Jones’ book, Jones on Property. Fowler was working as a motor mechanic at the time.
He said he had always been very good at saving and sometimes worked 12-hour days doing overtime to save more money.
“It took 18 months to save my first deposit at age 22 to 24 and I saved $25,000 starting from nothing.
“The property I bought in Wellington turned out to be a terrible decision and I ended selling it seven years later for a $40,000 loss. But it was the best thing that could have happened, because I learned so much from that, so many lessons.”
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