By Michael Yardney March 15, 2024

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From rat race to fast track: How to shift your mindset and create lasting wealth

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From rat race to fast track: How to shift your mindset and create lasting wealth

Key takeaways

Are you tired of the rat race and eager to discover the secrets of financial success?

Have you wondered what the rich do differently to become…rich?

Now just to be clear... not everyone who is rich is what I would classify as successful, and success does not necessarily have anything to do with money, but wouldn't it be nice to have both?

So in this article I look back to see what common threads the successful property investors and business people who came to Wealth Retreat in previous years shared. There are some interesting lessons

Are you tired of the rat race and eager to discover the secrets of financial success?

Have you wondered what the rich do differently to become…rich?

As I was working on my presentations for Wealth Retreat this year, I looked back to see what common threads the successful property investors and business people who came in previous years shared.

Wealth

The first thing was they understood the importance of surrounding themselves with the right people.

They realise their network makes a world of difference.

Remember, you become the average of the five people you spend the most time with.

Here are some other reasons why some people are more successful, and the rich get richer.

Now just to be clear... not everyone who is rich is what I would classify as successful, and success does not necessarily have anything to do with money, but wouldn't it be nice to have both?

1. They have a different mindset

Wealthy individuals have a growth mindset, which means they see challenges as opportunities for growth rather than obstacles.

They are not afraid of failure, and they embrace the lessons that come from setbacks.

2. They invest in their education

The rich are always learning and improving their skills.

They invest in themselves by attending seminars, reading books, and seeking out mentors.

They understand that knowledge is power and that staying ahead of the curve is crucial to success.

I guess that’s why they invest 5 days of their life coming to Wealth Retreat and that’s why over a third of the attendees this year are coming back for a second, third or fourth time.

There’s still time to join us at Wealth Retreat 2023 which we’re holding at the end of April – click here now, to find out more and register your interest as I speak with everyone who attends to make sure you’ll truly benefit.

3. They have multiple streams of income

Wealthy people don't rely on a single source of income.

They diversify their investments and create multiple revenue streams, allowing them to continue building wealth even during economic downturns.

4. They take calculated risks

The rich understand that to create wealth, you need to take risks.

They don't shy away from opportunities, but they do their homework and make informed decisions based on data and expert advice.

Having said that, what you need to do to become wealthy, and to stay wealthy are very different.

Once they become wealthy, many of the rich investors that come to Wealth Retreat use very different techniques and strategies to maintain their wealth and pass it on to future generations.

In fact, that's one of the many areas we focus on at Wealth Retreat – how to safely pass on wealth to future generations

Risks

5. They have a long-term perspective

Wealthy individuals plan for the future and make decisions based on long-term goals rather than short-term gains.

They are patient and understand that building wealth takes time and persistence.

As Warren Buffett wisely said: “Wealth is the transfer of money from the impatient to the patient.”

6. They leverage other people's time and money

The rich know how to delegate tasks and utilize the skills of others to help them achieve their goals.

They also understand the power of leveraging other people's money through investments and partnerships.

7. They give back

Many wealthy individuals are philanthropists, giving back to their communities and supporting causes they care about.

This not only helps those in need but also creates a positive cycle of goodwill and abundance.

While outsiders may look at the delegates at Wealth Retreat and wonder why a group of people who are already rich would spend 5 days learning about how to get even richer, once you're in the room you'll see that a large part of the motivation of many of the delegates is contribution – they believe it’s their obligation to help others up the ladder so they give back to their community.

Goal

8. Goal setting and visualization

The wealthy set clear, well-defined goals and visualize themselves achieving these goals.

This practice helps them maintain focus and motivation, even in the face of setbacks.

When you come to Wealth Retreat it's likely you’ll have a whole lot of ideas, but when you go home you will have clear, specific goals and plans.

The theme of Wealth Repeat is where will you be in 5 years' time, in all areas of your life.

You will go home with a holistic set of goals, not just for money and finance but also in the areas of family, health, spirituality, contribution and recreation.

What would it mean to you if you could up your results over the next 5 years by 10% or 20%?

Note: There’s still time to join us at Wealth Retreat 2024 which we’re holding at the end of April – click here now, to find out more and register your interest as I speak with everyone who attends to make sure you’ll truly benefit.

9. Networking

Wealthy individuals understand the value of building and maintaining a strong network.

They cultivate relationships with people who can help them grow personally and professionally, and they actively seek out opportunities to connect with like-minded individuals.

Sure you can learn things from the Internet, podcasts and blogs, but there's nothing like being in a room full of successful business people entrepreneurs and investors and networking with them.

You may not be at their level yet but don't count yourself out, click here now, to find out more and register your interest to join us at Wealth Retreat 2023.

10. Embracing change

The rich recognize that the world is constantly changing, and they adapt to these changes by staying informed and updating their skills and knowledge.

They remain open to new ideas and are not afraid to pivot when necessary.

11. Financial literacy

Wealthy people are financially literate and understand the intricacies of managing money.

They are knowledgeable about various investment vehicles, tax strategies, and wealth-building techniques, which allows them to make informed decisions about their finances.

As most of the attendees at Wealth Retreat are already successful business people entrepreneurs and investors the topics we cover are not what you'd find in the books or on the Internet.

They need that type of information that running the top 1% of successful investors would benefit from.

What would it mean to you if you knew this type of information?

12. Time management

The rich value their time and are intentional about how they spend it.

They prioritize tasks that align with their goals and delegate or outsource lower-priority activities.

This approach allows them to focus on high-impact activities that generate the most value.

13 Resilience

Wealthy individuals understand that setbacks and failures are part of the journey to success.

They cultivate resilience by learning from their mistakes, seeking feedback, and staying committed to their goals.

14. Continuous self-improvement

The wealthy are committed to personal growth and constantly seek ways to enhance their skills, knowledge, and expertise.

They are lifelong learners who invest in themselves through ongoing education, training, and personal development.

I guess that's why many of the delegates at Wealth Retreat come back for a second, third or 4th time.

Note: The rich get richer because they play the game of life differently.

They are financially fluent and understand the rules of money tax and the law and use them to their advantage.

They invest in themselves, they have a growth mindset and make strategic decisions that propel them towards greater wealth.

If you want to join the ranks of the wealthy, I suggest you start by changing your mindset – get some mentors.

Surround yourself with positive influences, invest in your education, and never stop learning and seek advice from those who have already achieved the type of success you’re looking for.

By taking these steps, you too can become a master of the game of life and create the wealth and abundance you desire.

Of course, there’s a shortcut…join us at Wealth Retreat 2024 – coming up at the end of April.

Here's why you should join us at Wealth Retreat 2024

At my annual Wealth Retreat, I give you the blueprint that I have used for successfully building a multi-million dollar property portfolio.

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

We'll be holding Wealth Retreat 2024 on the Gold Coast from April 27th to May 1st.

Click here now and get all the details, express your interest in joining us and we'll be in contact with you to have a qualification interview with me.

If you are serious about finding your passion, and...

If you want to learn how to grow your lifetime wealth, you must join us at Wealth Retreat 2024.

The high-level topics we discuss won’t be found in books or blogs or podcasts.

This year’s broadened curriculum will include the little-known (and rarely talked about) success philosophies, beliefs, thinking and behaviours as well as the advanced investment, finance, share market, business, structuring and tax strategies that allow multi-millionaire investors to attract maximum wealth!

You will have the opportunity to network with a group of like-minded investors, businesspeople and entrepreneurs while discovering how to build a true property investment business.

Wealth Retreat will cover the 5 areas that help create true wealth.

Knowledge - we will be sharing "high-end" wealth creation, business and tax strategies. We have Australia’s leading faculty of property, tax, finance, superannuation and legal experts.
Systems - we obviously believe in property as the best system for creating wealth and we will discuss advanced property strategies such as property development. Plus we will show you advanced wealth creation and business growth systems.
Mindset - this part is critical and probably the one where attendees can get the most leverage. In previous years we expanded the delegates' Wealth Operating Systems (the way they think) so that they were receptive to a whole raft of new concepts - and judging by the results - it worked.
The right network of people - we will be a big mastermind group. Some great joint ventures were formed at Wealth Retreat last year. In business, it’s not what you know. In fact, it's not even who you know, it's often who you know knows. This is not a typo! Wouldn't you like to have access to the names in my Outlook contact list?
Contribution - one of the true benefits of wealth is being able to contribute to our community and the world in general.

So in summary...

This 5-day retreat will be for successful business people, entrepreneurs and investors, who want to get to the next level, form a large mastermind group and learn high-end wealth creation, tax strategies and business concepts from highly successful and credible presenters.

It’s for people who want to build a true property investment business.

The numbers are genuinely limited- we keep the numbers small on purpose.

All prospective attendees are interviewed to ensure they can benefit from attending and to make sure we selecting the right people to be part of our mastermind network, especially as we hope to facilitate some joint ventures or partnerships with a few of the attendees as we did in the past.

Remember the event is 5 days in the presence of some of the sharpest minds in wealth creation in Australia today including top tax accountants, business experts and solicitors.

It also includes networking with the best mastermind group we can put together in Australia - this will be one of the most important elements of this event. Just imagine the networking possibilities.

Don't count yourself out!

Click here and express your interest and I'll speak with you personally and I'll explain my personal guarantee.

So put me to the test. There is next to no risk on your part - except what you think is missing if you don’t attend!

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.