Growing up in Central Queensland, Dymphna Boholt had an early and entirely unique introduction to the world of investing. At fours years old, Dymphna secured her first asset — a cow — which she bred with other cattle while patiently building up an increasingly valuable asset portfolio in the form of a herd. The profits she generated through this investment portfolio were ultimately used to pay for her higher education, as she went on to attend Canberra University to earn her degrees in economics and accounting.
Those early lessons in investing have since paid off handsomely, as Dymphna is now one of Australia’s most successful property investors and one of the most respected educators and mentors on subjects relating to building wealth through property investment portfolios. Possessing a natural aptitude for property investing, Dymphna did not immediately pursue a career as a real estate investor. After earning her degrees, she was offered a position with a number of prominent accountancy firms and chose to go to work for Coopers & Lybrand, a Sydney-based firm that is the eighth largest of its kind in the world.
While Dymphna earned high praise in every role, she became keenly aware of the drawbacks associated with traditional work environments and sought to make a change that would allow her to work less and earn more. Seeking inspiration, she attended a seminar in which Dr. Dolf de Roos shared his expert insight regarding property investing. Moved to apply the principles espoused by Dr. de Roos, Dymphna enjoyed immediate success and was able to build a property investment portfolio of $3.5 million in her very first year.
Dymphna’s success earned her a place in Dr. de Roos’ book, “Secrets of Real Estate Millionaires Exposed,” but she was not quite content to simply generate wealth through investing without giving anything back. She has since written books and articles on real estate investing, and she regularly hosts speaking engagements while also offering her mentorship to new investors.
What was your best/favorite subject in school?
I was a math whiz and I believe I enrolled in just about every advanced mathematics class offered.
What was your first job?
I was a jillaroo at a cattle station in Central Queensland.
Where and how did you first get into the industry you currently work in?
I started out working in accountancy firms, but I was seeking something that would offer more time as well as more wealth. Investing in real estate really appealed to me, especially since it revolved around generating passive income.
How have those jobs prepared you for what you do now?
I actually found my finance and accounting background to be something of a hindrance. I would have preferred to begin with a blank slate.
Describe the best day of work you’ve ever had.
The best days of work are the days I am able to spend with my family while still generating more income than I ever did through traditional employment.
How do you keep yourself motivated?
I want to ensure my family is able to prosper — hopefully for generations to come — and I really want others to be able to achieve a similar level of prosperity as I have.
What kind of business ideas excite you most?
The business ideas that make it possible to generate passive income are always exciting to me.
Have you ever tried any unorthodox techniques to attract attention to your business?
No, I prefer to speak with people at seminars or to connect with them through the books and articles I have written throughout the years.
What personal achievement are you most proud of?
My family and I are very close, and I am so proud that we are all able to spend so much time together.
What wisdom you would have liked to share with yourself when you first started out?
I would have gone right into investing and would have bypassed the traditional work philosophy requiring a continuing exchange of time for money.