If you are born poor it's not your mistake, if you die poor it's your mistake – Bill Gates Wealth is a by-product of our mindset. While many individuals have the privilege of attaining wealth through inheritance, most others generally make it through efforts and smart strategies. Quite often it is perceived in terms of dollar value. However, wealth as such is considered to be of possessing material items that [...]
Do you lose sleep over your dismal financial situation? Are you fighting with your partner about money? How To Create Your Desired Financial Situation In 3 Simple Ways: Stop Spending More Than You Earn. Simple I know this sounds a tad ridiculous but you would be surprised at how many people we meet that can’t manage this very simple money principle. In the book ‘Richest Man in Babylon’ George S [...]
I will be forever grateful to my Dad for introducing me to the world of property when I was just 18yrs old. I don’t think he quite realised at the time what an extremely powerful opportunity he was presenting which has allowed me to go on and create a much better financial future for myself than he could have imagined at the time. I guess you could say my Dad [...]
https://youtu.be/F4SnaoIg0cw So, understand the simple rules of acquisition. Has anyone seen or read this book? The Richest Man in Babylon. This is a bit of a parable. It tells us how we can create more money, keep our money and grow our money. You might have to move fast for this one. Save 10% at least. Control spending. Necessary expenses will always grow to your income, right? Who's [...]
The year was 1993, I was 18 years old and Dad helped me purchase an investment property with some friends after I’d received an insurance payout from a car accident I was involved in when I was just 11. A few years later, I began a 10 year stint in London and Mum’s worst nightmare come true. I fell in love with an Englishman! After purchasing an old house we [...]
According to RP Data and the Census Data from 2011 only 7.9% of Australians own an investment property, even though property is a national past-time. And only 0.068% own six or more investment properties. A lot of people are overwhelmed by the process and quit before they even begin but it doesn’t have to be hard. The reality is that investing in property is relatively straightforward when you work with [...]
No matter where you are on your financial journey you need to know it is possible to turn your financial life around. Making small changes in your life can fatten your savings and help you budget better. Follow these tips to save more money. Change One Habit and Save Using a Budget is Beneficial Use a Savings Goal Calculator Reduce Your Bank Fees Be Conscious About Money Change One Habit [...]
Halloween often involves telling scary stories, kids dressed up in home-made outfits running up and down the street trick or treating and of course the unusual tradition of carving up pumpkins. I was reminded recently of a scary story a client (John) told me about his Mum and Dad who divorced when he was about 27 years old. Mum used her share of the settlement and brought a little three bedroom house [...]
So, you’re thinking about investing in property to create wealth for yourself but you’re not entirely sure how the money side of things works? That’s OK. It might seem a touch confusing but really financing on a mortgage basis is quite straightforward. Let’s take a quick look at what you really need to know: You Need A Deposit A deposit is a percentage of the purchase price that you will [...]
I’ve recently had the good fortune to sit down with Peter Mastroianni of Rentvesting to talk about property investment. Peter encourages a brand new model of home ownership on his website and he wants to share his tips on successful investing with our readers. Peter’s heroes in life are people that we can all look up to. He is a fan of Elon Musk’s innovative and creative approach to the [...]
