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- Today I want to share with you 7 important wealth lessons I’ve learned
- Lesson One: The fundamental model and strategy that 95+% of property investors follow is flawed
- Lesson Two: Don’t try and do it in isolation
- Lesson Three: You cannot build your property business based solely on the backs of a strong team
- Lesson Four: Investing from a place of ignorance may work when you are in a booming market, but it is the kiss of death when markets turn!
- Lesson Five: The major risk you take is not your choice of investment, but rather it is YOU!
- Lesson Six: You must have a sound, clear financial plan that you build based on your future, not on your past
- Lesson 7: Focus more on what matters most
- Why not join us at Wealth Retreat 2021 on the Gold Coast at the end of July.
- This is likely to be the most important year for you to attend.
One thing I’ve noticed speaking with many property investors is…
That while on the one hand, a small group has done very well over the last few years, despite Covid 19, the lockdowns, and a short recession, on the other hand, the majority have found the markets pretty tricky and feel they have either missed out or not maximised their opportunities.
Many investors are having difficulty achieving capital growth, others are noticing the values of their properties falling and yet others are having difficulty getting the banks to lend them more money to grow their portfolios.
As part of the work I’m doing preparing for Wealth Retreat 2021 (which we’ve rescheduled to run on July 24th – 28th) I’ve been reflecting a lot about the key lessons I take from my experiences and the experiences I’ve observed of the various investors I deal with.
But before I do that, if you’re already a successful property investor but want to build a true property investment business, or if you’re an entrepreneur or business person, I would like to personally invite you to join me and Australia’s leading faculty of property, tax, finance and business experts at Wealth Retreat 2021 on July 24th -28th.
We had sold out but as because we’ve rescheduled the dates because of Melbourne lockdown, there are now a few spaces available.
Click here to find out more and register your interest and you’ll get a call from Jo Fitt and she’ll give you all the details.
Now on to my “quick list” of the seven important wealth lessons from the past few years…
Lesson One: The fundamental model and strategy that 95+% of property investors follow is flawed
Firstly many investors don’t follow a plan or a strategy, but of those who do, time and time again I’ve seen so many people who have invested so much of their time, energy, passion and money to build a property portfolio, but their model for how to develop financial freedom was simply wrong.
To take your property investment business to the next level you’re going to have to do things differently from what most Australian investors do.
You see…if you have your ladder up against the wrong wall, then every step you take gets you further away from your destination.
It’s likely you’ll have to do things differently to what you’ve done to get to the level you are at today.
That’s why at Wealth Retreat we work so hard to define, map, and clarify an individual wealth strategy for you so that you get a concrete road map through for your property business, to get you from where you are today to point when you become a Level 4 investor.
This way you’ll know the specific focus, key milestones, core systems, critical controls, and the necessary team at every step and stage along with this powerful map.
You’ll leave Wealth Retreat with a proven road map to become a Level 4 (professional) investor.
Lesson Two: Don’t try and do it in isolation
Very few property investors can successfully build a true property investment business without having a core community of peers with whom they can associate, share ideas, get candid feedback, and soak up new ideas.
How is your peer group going?
It’s been said that your level of wealth is likely to be the average of your 5 closest friends.
If you want to change your outcomes, have you considered upgrading your peer group?
Here are the top three reasons why your peer group matters so much:
- Your peer group’s attitudes, beliefs, and behaviours are contagious.
They impact the way you think, your ability to spot and take advantage of opportunities, and your behaviours as you go after (or don’t go after) your financial goals.
- Alone you are vulnerable; connected we are strong.
We all have blind spots and limitations, but your peers can help you bridge these gaps and share resources that help you make better decisions and financial choices.
- It’s a lot more fun to build with other people than in isolation!
We live in a world that can be very isolating, but we are social beings. We build better when we have peers to bounce ideas off, encourage us, and hold us accountable.
It’s ultimately up to you to find and create the peer group that will help you live the life you want to live.
If you need to join an upgraded peer group of other DOERS why not join us at Wealth Retreat 2021
Lesson Three: You cannot build your property business based solely on the backs of a strong team
If you haven’t yet learned this, you will – you can’t hand over responsibility for building your wealth to others.
While it’s important to have a good team of advisors around you, as CEO of your own property investment business you are the one who is going to need to lead and manage this team.
Yes your team members are an essential ingredient.
But they are one of three critical elements: a solid plan, a property investment system that is proven through a number of property cycles and a talented team.
Lesson Four: Investing from a place of ignorance may work when you are in a booming market, but it is the kiss of death when markets turn!
I think it was Warren Buffet who said: “A rising tide lifts all ships, but it’s only when the tide is out you can see who is swimming naked”.
Succeeding during a period of rapidly rising property values created a level of false confidence that got many investors and quite a few so-called “advisers” into trouble as the market turned.
This leads me directly to the next lesson…
Lesson Five: The major risk you take is not your choice of investment, but rather it is YOU!
Hard as this is to accept, you are the greatest risk variable in your investment portfolio.
Learning to manage you… continually reinvesting in you… is the very best way to manage risk.
If you join me and a select group of motivated and already successful property investors at Wealth Retreat you will have the opportunity to invest in your knowledge, skills, expertise, experience and network.
Lesson Six: You must have a sound, clear financial plan that you build based on your future, not on your past
I’ve found that many investors get to a certain point and then their property investment growth stalls.
Some think it’s finance (or the lack of it) that’s holding them back.
However, I see people on what many would call low incomes to grow a very substantial property portfolio.
I know Trudi who came to the first Wealth Retreat in 2007, definitely did not have a high-paying job.
But she ended up building a significant property portfolio that was featured in Australian Property Investor Magazine a few years ago.
Interestingly Trudi ended up joining us at Wealth Retreat 3 times – of course, it’s not uncommon that successful investors keep reinvesting in themselves.
Already this year close to 30% of the places have been taken by returning attendees – some coming for the third or fourth time
Others need a new set of skills.
Many want to get involved in property development – a subject that we spend a lot of time on at Wealth Retreat.
And yet others need to get their tax structures right now that they own a substantial asset base.
At Wealth Retreat you will be taught advanced property, asset protection, tax and estate planning structures as well as share trading and business principles by appropriately qualified professionals – the best faculty I could put together.
Lesson 7: Focus more on what matters most
While money is important in those areas where it is important, it’s not at all important in those aspects of life where it is not important.
To be truly wealthy you need a balanced life.
You need your health, family and friends, time, personal growth, spirituality, and the ability to contribute back to the community.
Life is sweet, life is good, and life is short.
It all seems to happen faster and faster every year you get older.
The kids grow up… you get older… and before you know it you’re heading for one of those big “zero” birthdays like I had a few years ago.
Savor life now… enjoy it now… share it now.
I know this may sound a bit corny to some, but it’s very significant in my book.
That’s why we say Wealth Retreat is about Creating Lifetime Wealth and Leaving a Legacy.
Why not join us at Wealth Retreat 2021 on the Gold Coast at the end of July.
How would you like to spend 5 days with me and my personal mastermind group?
If you do then maybe 2021 will be the year that everything changes.
Join me for five transformative days on the Gold Coast from July 24th to 28th and get the one-on-one private mentorship you need to achieve your most ambitious goals and dreams.
Not just in property, but in business and in life in general, because the aim of Wealth Retreat is to create Lifetime Wealth and leave a legacy.
When you join us you will get:
- Mentorship – You’ll have the opportunity to interact one-on-one with me and our guest experts so we can help you gain deeper insight and achieve your specific goals in property, business, and life.
- Masterminding – You’ll spend several hours a day brainstorming and getting ideas, advice, and solutions to your challenges from a hand-picked group of high-achievers.
- Networking – You’ll have plenty of time to build relationships with the other participants during breaks, at meals, and at night, so you can connect on a deeper level and benefit from their input and expertise.
- Fun – the days will be very full, but at nights we’ve got some surprises for you.
And if you would like to get the highest possible level of support for your most ambitious life and business goals, I encourage you to join me there!
You can learn more about this life-changing retreat here.
Here’s your chance to take your property investment, career, or business to a much higher level – or change the script completely and set off on a new path that’s better aligned with your passion and purpose.
If you are interested in joining us, please leave your details here and we’ll be in contact with you to have a qualification interview with and me secure your place quickly.
It is a unique opportunity – a very rare chance to work with a great team of mentors.
Wealth Retreat attracts an extremely high caliber of attendees.
These are people who are already successful and willing to take serious leaps in their careers, their personal lives, and the contributions they’re making in the world.
They’re the courageous few who dare to step out of the dominant culture of resignation and mediocrity and endeavour to create the life of their dreams.
Don’t count yourself out...
When you surround yourself with such motivated, energised, spiritually charged people, you tap into the power of the group and become more energized and powerful yourself.
There’s no limit to what you can accomplish with the support and encouragement of such incredible people!
Please note that to ensure the best possible experience, Wealth Retreat is limited to 100 participants only.
This event SOLD OUT – but a handful of delegates couldn’t join us in July.
I’ve spoke with all the delegates and there’s a mixture of new attendee, but around 25% of the places have been taken by return attendees.
This happens every year because past participants have achieved amazing results.
I remember last year Glen came back.
In 2018 Glen set audacious 5-year goals but ended up achieving a heap of them in 12 months.
He came and shared his experiences from the stage to show what’s possible.
Click here to check out the top lineup of Australian property, tax, business, and finance experts and find out more about the curriculum.
And you’ll have the comfort of knowing that your attendance will be covered by my personal guarantee.
Click here and please give yourself the chance to assess this opportunity properly – it will take about 10 minutes to read all the information.
This is likely to be the most important year for you to attend.
While we can’t predict the future, we have lined up Australia’s leading experts to help you formulate a plan to protect your position and exploit the opportunities ahead.
You will have the opportunity to spend 5 days with some of the Sharpest Minds in Australia, discovering proven systems and strategies for profitable property and business systems.
Click here now and get all the details.
If you have any further questions please leave your details here and you’ll get a call from Jo Fitt who will be happy to answer all your questions and help you with your booking.
The intimate format of this workshop will give you plenty of time to ask your own personal questions of our faculty of speakers.
Use the online form to express your interest and you’ll hear back from Jo Fitt who will be happy to discuss this further and she’ll organise a time for a one on one chat with me.
It’s up to you now – I look forward to meeting you on the Gold Coast and being part of this exciting event.
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