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By Michael Yardney

The 3 Biggest Obstacles to Becoming Financially Free

What has been the single greatest obstacle stopping you from becoming financially free?

Why do I ask?

Well... a few weeks ago at a private client function I was conducting I had the good fortune to have conversations with a number of our Wealth Retreat graduates.

I was talking with them about their experiences since attending our 5-day workshop, what they had learned, what they were doing differently, and how they were leveraging the relationships they had built at Wealth Retreat.


Some interesting comments came out which I'll share with you in a moment, but first I want to ask you that question again:

What has been the single greatest obstacle stopping you from becoming financially free?

Speaking to these Wealth Retreat graduates, here were the three main hurdles I've seen them face.

As you read on, see which of these three gets in your way.

Maybe you're facing more than one of them!

Obstacle #1: Isolation: It's hard to build wealth on your own

Without question one of the biggest things I consistently hear from the Wealth Retreat graduates is that before they joined us at our 5-day retreat they were isolated in their wealth building.

They didn't have a Mastermind group of like-minded investors, entrepreneurs or business people with whom they could share their challenges, brainstorm ideas, leverage contacts, or celebrate their successes.

Many said they were looking for a group of ambitious, positive, like-minded, supportive doers to help them succeed.

You see...alone you are vulnerable.

You will never reach your fullest potential.

But when you connect with the right people, a whole new set of options you never dreamed possible opens up to you.

In fact, one of the main reasons people attend Wealth Retreat is to have an instant peer group of movers and shakers.

In today's changing financial environment it's even more important than ever to have a supportive mastermind group around you.

Can you imagine how much faster you'd reach your goals and how much more fun you would have along the way if you were a part of a community of elite wealth builders who could support you?

Obstacle #2: Fear

One of the greatest obstacles to building financial freedom is fear.

And with all the mixed messages in the press at the moment with concerns about the economy, interest rates overseas geopolitical problems, a resurgence of the coronavirus, mortgage defaults, growing social unrest in Australia - not just overseas, the challenges with obtaining finance and talk of a properties dipping in value in 2024, many of us are more fearful than ever.

This fear can take many forms, but the big 4 fears I come across are:

  1. Fear of failure - this is especially prevalent.
  2. Fear of debt - most of us have been taught that debt is bad and not to take on more debt. Strategic investors recognise that debt in itself is not necessarily bad, rather it's not being able to repay your debts that's a problem.
  3. Fear of success - Interestingly, some beginning investors put off their investment decisions because they are haunted by a fear of success. While this may initially seem strange, this fear generally stems from a feeling of unworthiness, where people convince themselves that they are undeserving of wealth or wanting to accumulate wealth makes them a bad person.
  4. Fear of the unknown - Who wants to go into a dark room? Who wants to go to a party where you don't know anyone? Who is not nervous about buying their first investment property? Whenever the outcome is uncertain, fear rears its ugly head.


Another fear I have commonly seen is the fear of following your passion.

Many people I see spend 40 or more hours a week doing a job they don't enjoy and can only dream of following their passions.

Interestingly around 30% of the attendees who attended Wealth Retreat in the past moved up and left their jobs.

You can find out more about Wealth Retreat 2024 by clicking here and if you'd like to join us please leave me you details and I'll speak with you personally.

I remember a number of years ago when Stuart, a plumber, sold and cut back his hours working in the business to concentrate on property.

The next year he bought a huge multi-million dollar development site with some joint venture partners to undertake a very substantial development - something he would never have dreamed of when he came to Wealth Retreat a few years ago.

Justin gave up his job in hospitality to run an Internet business.

Julie gave up the security of her IT job to work for a property developer.

The shift in their mindset that they (and all the other attendees at Wealth Retreat) achieved allowed them to give up the security of their day jobs and instead focus on the financial freedom they really wanted.

So what's the fear that's stopping you?

In today's economic climate where debt is a dirty word, many people are scared of borrowing more.

Maybe you're like Philip, a three-time Wealth Retreat grad...

Before Philip joined us at Wealth Retreat one of his biggest fears was that he wouldn't be able to borrow the money required to fund his property portfolio and allow him to keep doing deals.

He had given up his job and had no income in the traditional sense.

Well, since attending Wealth Retreat, Philip has bought several more properties and when I spoke with him a few weeks ago (he and his partner have become very good friends of Pam and me) he explained to me how he has sufficient financial buffers to see him through for over 3 years.

I know Philip could not imagine he would have given up his job, let alone build and live off his property empire when he first came to Wealth Retreat.

Here is the key that has made all the difference for Philip... and every other Wealth Retreat graduate:

When you have a peer group of high achievers and big thinkers pushing and stretching you, anything becomes possible.

How about you...

What are you doing to take advantage of the new property cycle?

This is a time when fortunes will be made by those who know how to cut through the clutter.

This is a time when the rich will become richer.

This stage of the cycle is when lifetime wealth is created.

So what are you going to do?

Are you going to acknowledge your fears, and then step up and take action anyway?

What would you do if you were not afraid?

What one dream would you dare to dream and go after if you knew you could not fail?

When you play at a different level you get a different result.

You will get no better chance at life than at this moment!

Fear Business

Obstacle #3: Uncertainty

The third major obstacle I've observed our Wealth Retreat graduates had to overcome was confusion.

They had heard so much conflicting financial advice over the years that they quite simply didn't know which direction to move in.

Can you relate to this feeling of being overwhelmed?

One of the most valuable benefits of Wealth Retreat for attendees was that it simplified the complex world of wealth building and business planning so that they had a crystal clear, specifically defined plan of action to pursue their personal wealth building.

For five full days and nights, they had access to top accountants, financial planners, share traders, business coaches, finance strategists, and property advisors.

People like :

  • Michael Yardney (me)
  • Ken Raiss  - director of Metropole Wealth Advisory, who’ll speak on tax, structuring, risk, and asset protection for serious investors
  • Dr. Andrew Wilson – Australia’s leading independent housing economist.
  • Simon Kuestenmacher one of Australia’s leading demographers will give us detailed insights into what’s ahead in our future
  • Tom Corley, a CPA and bestselling author and speaker spent 5 years studying why the rich keep getting richer. This year he can’t fly out to join us from the USA but will be appearing virtually at the last event Tom was one of the highlights and the attendees gave Tom a standing ovation.
  • Mark Creedon – business coach to some of Australia’s most successful entrepreneurs –including me and the team at Metropole. Last year he delivered one of the most highly prized presentations, so we’re extending his sessions and there will be special breakout sessions for business people.
  • Brett Warren - national director at Metropole will give attendees a peak behind the curtain of what research the team at Metropole undertake to ensure our investments outperform.
  • Kate Forbes - will explain how she uses her decades of investment experience to help Metropole’s high-net-worth clients structure their property portfolios to outperform the markets and safely grow, protect and pass on their wealth to future generations.
  • Pete Wargent, an economic commentator and a chartered accountant who achieved financial freedom at the age of 33.
  • And there will be a large group of property experts.

What would it be worth to you to be able to sit down with us one-on-one and pick our brains?

Well, that's what happens at Wealth Retreat - click here now, find out more and express your interest in joining us.

Take the example of Laurie, a two-time Wealth Retreat graduate:

He had been a builder and property developer for many years, but he was still on a treadmill, working longer hours than ever.

I clearly remember how on day 4 he had an "ah-hah" moment when it all fell into place and he said in that 10 minutes, he learned something that would make him half a million dollars.

When he returned the next year, he learned a time management skill that he was sure would make him 100% more productive.

Julie joined us but was concerned that she could not contribute to the Wealth Retreat community.

Well, she was wrong and came back a second time, but this time she was working in her field of passion - property development.

In fact, she came back twice more!

If you're committed to step up and play with the big boys you must learn what they know because what you don't know can get you into trouble.

So there you have the three biggest obstacles that I've watched our Wealth Retreat graduates overcome.

Are any of the three factors in your own personal wealth building?

The real meaning of wealth

With all this talk of making money, I want to make sure we step back for a moment and look at the bigger picture.

We all know that money is only one layer of real wealth and prosperity and certainly not the most important.

Sure money is important in those areas of life where the money is important, but it is not important in those areas where it is not important.

To be truly prosperous you need much more than money.

Wealthy people have time, freedom, relationships, health, and spirituality and they contribute a lasting legacy.

Right now we are preparing for Wealth Retreat 2024 and, as always, have a limited number of spaces available for this exclusive event.

And maybe, just maybe, you'll be exactly who we're looking for.

If you think you might be the type of person who would not only benefit by being with us for 5 days at Wealth Retreat but more importantly are keen to grow your wealth over the next few years, then by all means, please keep reading.

This year some of the topics, speakers, and emphasis will be very different to the past.

We’ve added a range of new subjects to give a more holistic curriculum and there is a whole new curriculum and break-out sessions for business owners or those wanting to get into business.

Plus we've once again invited my good friend best-selling author Tom Corley to join us from the USA.

He spent 5 years studying the rich and the poor and the habits that differentiate them and he'll share this with you when you join us.

Growth Wealth

Last year Tom's two presentations so wowed the audience he received a standing ovation.

It not only inspired and motivated the attendees - it gave them the tools they needed to make the changes they needed to create the transformations they wanted

You can find out more at

If you're not sure it's for you please click here and read what some past attendees had to say. 

Then read all about Wealth Retreat 2024 and register your interest in joining us.

If after speaking with you and learning more about your situation we believe you would benefit from joining us, I’ll back myself and the faculty and take all the risk.

I’ll guarantee your satisfaction in attending the event!


Every year this event books out because we limit the number of attendees to 85.

And every year a large proportion of the attendees are return attendees, so I know they’ll be happy.

But if you’ve wanted to come in the past and you weren’t sure if Wealth Retreat is for you, click here now, find out all about it and register your interest on our website and we’ll be in contact.

2024 is really the year you must join us.

Especially if you're an investor, entrepreneur, or business person

We're at the beginning of a new property cycle - one that will create lifetime wealth for some Australians.

One of the reasons I am so excited about Wealth Retreat 2024 is because this is going to be a chance for our very top clients to mix and mingle with each other and a group of leading experts in investment, property, shares, tax, economics, business and finance.

Forgetting the 5 days of actual teaching time we'll spend, can you imagine what you could learn by being around the other participants and advisors, getting their one-to-one input on your wealth-building efforts?

As in previous years, we have strictly limited the places - the room size is kept small on purpose so that participants get the most out of their time with us.

While we have many return attendees, we still have a few remaining spaces for this soon-to-be sold-out event.

Here are the three bottom-line facts about Wealth Retreat 2024:

Number 1: it is an exclusive annual 5-day event that is only available to a  handful of investors, business people, entrepreneurs, and their partners. And once the allocated spaces are gone--and that will be very soon--then your window of opportunity will be gone. We're holding it at the end of April 2024.

Number 2: the week isn't cheap, but if you are the type of person who is going to attend this won't put you off. This way we know that all of the people at the event are 100% committed to playing at the highest levels.

Number 3: Wealth Retreat is only for real-doers who are committed to building something special out of their wealth building. It's not going to be a "seminar". It will be an intensive networking and masterminding event where we will actually be focusing on large breakthroughs.

Why are we limiting it to so few people?

Because we realise that an event like this will be a huge success and produce incredible results if we bring together a small and highly select group of high achievers who have plenty of one on one time with the experts and networking time with the other attendees.

But don’t count yourself out from coming…

 Every year a group of aspiring investors join us and get the type of information that propels them ahead – the type of information I would have loved to have when I started out.

We are also looking for people who will be a positive presence in the group and are committed to making an impact on the world.

If you are interested in joining us this year or want to find out a little more I urge you to please leave your details here and we'll be in contact with you to have a qualification interview and me secure your place,

Of course, you can also check out all the details at and register your interest there.

You may even be able to let Anthony Albanese subsidise your attendance...

My accountant tells me that joining us at Wealth Retreat could be partially tax-deductible for many attendees.

Just like every other year, I will chat with attendees for Wealth Retreat to make sure we carefully select the best blend for the event  and that you can take advantage of what we have to offer

To be fair, I'll do the interview on a first-come, first-serve basis.

Once the remaining spaces are gone, that's it.

And remember... I’ll back myself and the faculty and take all the risk.

I’ll guarantee your satisfaction in attending the event!

Who Are We Looking For?

We are looking for experienced investors, business people and entrepreneurs who are willing to take on these challenging times and are committed to taking their investment and business to the highest levels.

We are also looking for people who will be a positive presence in the group and are committed to making an impact on the world.

Growing Wealth

Don't count yourself out...

If you are interested in joining us this year and taking one of the remaining spots or want to find out a little more please leave your details here and we'll be in contact with you to answer your questions and have a qualification interview with me.

Now is the time for you to step up and seize the opportunity our current financial climate is offering us.

About Michael Yardney Michael is the founder of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and one of Australia's 50 most influential Thought Leaders. His opinions are regularly featured in the media.

No, Nic, things have definitely changed. You know how I know? Because in 2005 my then wife and I were able, on ordinary incomes, to save up a deposit and buy a 3 bedroom brick house in a Melbourne suburb. We were subsequently divorced and I ne ...Read full version

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Exactly. This is 'blame the poor' nonsense. Wages haven't grown. Rents are exorbitant. Housing costs have skyrocketed. If you weren't part of that, it's pretty much impossible for an ordinary person to get ahead now save some extraordinary good fortu ...Read full version

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Money is just one of many obstacles you have to overcome, as Michael says mindset is the most important attribute you need to succeed. If you have drive you can achieve anything. I see far to many of the younger generation complaining that they canno ...Read full version

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