Why is Michael Yardney still working?

Today I’m going to do something a little bit different; I’m going to give you some insights into what makes me tick.

Maybe you’ll learn something useful from it, maybe you won’t.questionmark house

You see…

Recently a prospective client asked me:

“Michael now that your candles cost more than your birthday cake why are you still working?”

I know others have wondered:

“Is this guy really financially independent? Does he really have a substantial property portfolio?
And if so why is he sitting here across the table from me wanting to show me how I can become financially independent?”

Some lessons for you

I’d like to answer these questions because there are some instructive lessons for anyone who wants to develop financial independence and particularly if you’d like to do so by growing a multi-million dollar property portfolio.

First the answer to the second question:

Yes I am truly financially independent, having over the years built a very substantial property investment portfolio of residential, commercial, industrial and retail properties.

In my books and at my seminars I talk about the concept of building yourself a “Cash Machine”.

Pam and I truly have a “Cash Machine” that gives us real choices in life. In fact, we’re overseas in Europe as you read this blog!ringo starr

But I think the biggest lesson will come out of my answer to the question of why I’m still working.

Let me explain with a little story…

I recently read that Ringo Starr (yes the famous Beatle) was touring America at present.

He was 73 years old at the time.

He was doing a multi city tour of America, at the age of 73, turning up at one city performing, leaving and then on to the next place.

I repeat he was 73 years old and still on tour.

I suppose this should be reassuring for me – it suggests that 12 years from now I might still somehow or other be able to get up on the stage and deliver my seminars.

Over the years I’ve worked hard so that I now don’t need to work for financial reasons, but I think I will still enjoy doing it when I’m 73 years old just like Ringo does.

As far as I know, Ringo has no unmet financial needs.

He’s still touring largely because he has nothing better to do.donald trump

I think a more constructive comment would be…

He’s still touring because he has nothing else to do for which he has comparable enthusiasm.

I’ve read that Donald Trump is most enthusiastic about deal making and constructing buildings that bare his name.

I understand Trump likes golf and is a pretty good golfer, but it clearly doesn’t give him the same juice as putting deals together.

Why they stay at it long after they need to reveals why certain people became so successful at it.

Many top achievers who are successful at what they do and rich because of what they do develop such intense enthusiasm for “it” that not doing “it” is akin to severing an arm.

I guess what I’m trying to say is that what many people don’t seem to understand is the reason so many business people, entrepreneurs and property investors became so successful and rich is from the enthusiasm they had in their job in the first place.

So here is an important lesson for you:

If you’re doing something you don’t have to or won’t quickly develop intense enthusiasm for, the likelihood of you achieving substantial success or becoming rich from it are slim indeed.

This is the main reason why I’m still working.

I still get an intense buzz putting together property deals, putting together training programs, writing my blogs, educating investors and more importantly seeing clients become financially independent and successful.

You see… business meeting executive boss stress work tough manager employment board company

I spend all day talking about property while drinking coffee and dealing with nice people.

Why wouldn’t I still be working?

And to be honest I am still clearly, unashamedly, intensely enthusiastic about making and multiplying money.

I enjoy passing it on and helping future generations including my children and grandchildren and also contributing significantly to charity.

I am very grateful for what I have and believe it’s my obligation to repay the world and that’s in part why I spend so much time writing and educating.

These activities are clearly the least financially profitable of all that I do, but are the most rewarding.

What about you?

What are you enthusiastic about?

Is it properly investing?

I know for many it’s property renovations or development – creating new or improving old dwellings. frame construction build house property market work

So one of my messages to you today is…

Everybody has the capacity for intense enthusiasm – you just have to find the right outlet for yourself.

Having said that you can’t just find something you’re enthusiastic about and the money will roll in like they suggest in “The Secret”.

That just doesn’t work!

I have found that many metaphysical teachers just talk about finding your passion and they largely ignore how important it is to “monetise” your passion, preferring to let people fantasize that they can make money just by doing things they love.

It’s really not as simple as that is it?

You really must find a passion that provides a service or product that others are prepared and willing to pay for.

For most readers of my blog this will be property and for many it will be property renovations or development.

That’s exactly how I built my, now substantial, property portfolio.

And…once a year I spill my guts about how I did it.development plans

At my annual Property Renovations and Development Workshop I give you the blueprint that I have used for successfully building a multi-million dollar property portfolio through renovations and development.
development plans

This is a training event – there is nothing to sell the back of the room- no expensive courses and definitely no properties for sale.

Click here now and get all the details, reserve your spot and join me next month.

If you are serious about finding your passion…

Why not join me for three days in October at Australia’s longest running property workshop.

Maybe now it’s time for you to step up to the big-league and invest like the pros and get started in either property renovations or development.property ladder

When you join us:

  • You will learn the renovation and development strategies that experienced property experts use to “manufacture” capital growth.
  • You will learn how to generate strong rental returns and how to take your property investment to a whole new level.
  • You will get a huge manual with all our internal worksheets and spreadsheets.

Click here to learn more about this intense small group workshop where you will be taught by some of the most respected experts in Australia – guaranteed.

Remember this is a training not selling event!

Having successfully run this event 14 years I have found out what serious property investors wanted in an advanced real estate workshop and in general they wanted the same thing…

  • No hype and not the type of information they could get in books or on the Internet.
  • They want to learn about real-world advanced property techniques that would boost their wealth creation strategies. The sort of strategies they could not get from the simple seminars from the so-called “gurus”.
  • They wanted to come out with the knowledge required to make sensible real estate investments which could lead to the financial security. And…
  • They wanted to know more about the advanced techniques of property renovation and development.

If any of this could be of interest to you click here now and find out all about my three-day workshop that I’ll be holding in October, or ring my assistant Jo Fitt on 03 9591 8888 let her tell you all about.

I look forward to seeing you there.

Development workshop 2014

Also published on Medium.

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Michael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy. He's been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au

'Why is Michael Yardney still working?' have 11 comments

  1. September 3, 2014 @ 9:06 am Gerry Bernhardt

    Hi Michael,
    Enjoyed reading about why you are still working. Just for the record Ringo originally known as Richard Starkey was born on 7 July 1940, that makes him 74. Why do know this? Well, we both share the same actual birthday and is am still working, because it keeps me mentally fit and financially free.
    Best wishes


  2. September 3, 2014 @ 10:41 am Denise Maggio

    Hi Michael
    Thanks for answering that question as it is one I probably wanted to ask through my discussions with you but haven’t for fear of being a little rude! I am just beginning to learn about property and start what I am sure will create some wealth for me and my family. Another fear of mine was (because I am just beginning) that you would retire! So I am also glad to hear that I am going to hear you speak for a lot longer!!! Looking forward to attending the Development and Renovation Workshop. Thanks!


  3. September 3, 2014 @ 12:48 pm Michael

    Hi Michael, you forgot to mention the most important reason why you still love working, your wife would not be happy if you were at home and under her feet all day! I enjoy reading your regular articles and have done so for several years. I agree 100% with your sentiments as I am in a similar position as you i.e. age and love doing business deals, but nowhere near the same level of wealth. However despite having sufficient income producing assets I have absolutely no desire to retire because I love what I’m doing. As long as I’m mobile and my brain is still functioning I look forward to getting up each day because I enjoy the buzz of doing business. Friends and family misunderstand me and can’t seem to accept I no longer do it for the money. My best advice to those who want to really enjoy life and get out of the daily grind, whatever that may be, is to change your thinking. In the words of the bar king JT “Failure is an awful thing, and when I look at the common denominator of failure it seems to always be the same thing: EXCUSES” So true, people will always blame someone else for their failures. I’ve taken on large risks (but never reckless) and failure is not an option. You do what ever it takes to ensure your new investment, business venture, latest challenge is a success. If it fails, then blame yourself. If it succeeds, fantastic you deserve a reward so take it.


  4. September 3, 2014 @ 6:36 pm vic

    hi michele
    i concur with your sentiments, and please excuse my penchant for pedantic detail, but i believe that you should use the word ‘bear’ (carry) with reference to Donald Trump not ‘bare’ (exposed) – i am a little neurotic when it comes to spelling


    • August 10, 2016 @ 11:39 am Bare the bear

      Maybe you should check your spelling on Michael’s name :)


    • August 10, 2016 @ 1:22 pm Harry

      Hi Vic,
      If that’s really the case you would have addressed your email to Michael not Michele!!!


  5. September 4, 2014 @ 10:35 am Wendy

    Dear Michael,

    Thank you for the insight as to why you and other wealthy persons may still be working. I haven’t been able to find a job for the last 12 months since moving here from NZ and although I actually enjoy not having to wake to an alarm clock or work night shift nevertheless I do enjoy not being committed to going to work. But I am not wealthy so cannot endure this much longer. I have always wished to go to one of your intense small group workshops so wish those participating in the next one every success.


    • September 4, 2014 @ 10:54 am Michael Yardney

      good luck with your job hunt


    • September 2, 2015 @ 10:50 am Danny

      Hi Michael,
      Great answer, I agree totally. Work keeps people active, engaged, stimulated and useful. My cardiologist is 80 and still going.
      I think of Rupert Murdoch, 84 and Harry Triguboff, 82.
      Reading books,watching TV and travel gets tedious after the first five years.
      Keep up the good work !.


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