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.

Michael Yardney2You see…

I remember a while ago (when I was still personally seeing clients) a prospective client asked me:

“Michael now that the 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 on my podcast 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 just about to go on a week’s vacation to Uluru and Alice Springs and have another vacation planned for July (Yes another cruise- Darwin to Broome.)

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 remember a couple of years ago reading that Ringo Starr (yes the famous Beatle) was touring America.

He was 74 years old at the time.

He was doing a multi-city tour of America, at the age of 74, turning up at one city performing, leaving and then on to the next place.

I repeat he was 74 years old and still on tour.

And Mick Jaggar is doing the same at the age of 76!

I suppose this should be reassuring for me – it suggests that 10 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 74 years old just like Ringo does.

As far as I know, neither Ringo nor Mick Jagger have any unmet financial needs.

They’re still touring largely because they have nothing better to do.

I think a more constructive comment would be…

They’re still touring because they have nothing else to do for which they have comparable enthusiasm.

Why they stay at it long after they need to reveal 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…

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?business data success

I know for many it’s property renovations or development – creating new or improving old dwellings.

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 Wealth Retreat, I give you the blueprint that I have used for successfully building a multi-million dollar property portfolio. 
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, express your interest in joining us and we’ll be in contact with you to have a qualification interview with and me.

If you are serious about finding your passion…

Why not join us at Wealth Retreat 2021 on the Gold Coast in June.

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 June 12th to16th 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:

  1. 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.
  2. 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.
  3. 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.
  4. 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. Business Coach.

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! Business Mentor

Please note that to ensure the best possible experience, Wealth Retreat is limited to 50 participants only.

This event WILL sell out – especially as 25% of the places are already 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.

I look forward to seeing you there.

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Michael Yardney

About

Michael is a director 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. Visit Metropole.com.au


'Why is Michael Yardney still working?' have 15 comments

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    September 13, 2017 Gary George

    I read a lot of “stuff” and VERY rarely comment etc., everyone should consider and learn from this! Very true and relevant. Lesson more important than learning the next step for money making etc.

    Reply

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    September 13, 2017 Oswald

    Michael you say your workshop is not a selling event. Hmm. Semantics? You sell a $2,000 – $2,500 workshop then you are selling all those “free” add ons (most of which cost) which are mentioned on the sign up page and no doubt mentioned at the seminar. The money back guarantee also has conditions which depend on how you interpret them e.g. what is a reasonable question? Having said all that it may very well be worth every cent and you may very well refund if anyone asks for a refund for any reason but caveat emptor = let the buyer beware.

    Reply

      Michael Yardney

      September 13, 2017 Michael Yardney

      Oswald
      I understand your confusion – many so called trainings get you into the room and then they try and sell you proeprties etc. This is not one of those.
      And yes I do offer a money back guarantee and even though we’ve sold out every year for 14 years only one person has requested it and he got his money – no questions asked.
      But you are correct – buyer be ware

      Reply

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    September 4, 2014 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.

    Reply

      Michael Yardney

      September 4, 2014 Michael Yardney

      Wendy
      good luck with your job hunt

      Reply

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      September 2, 2015 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 !.

      Reply

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    September 3, 2014 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
    cheers

    Reply

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      August 10, 2016 Bare the bear

      Maybe you should check your spelling on Michael’s name 🙂

      Reply

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      August 10, 2016 Harry

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

      Reply

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    September 3, 2014 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.

    Reply

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    September 3, 2014 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!

    Reply

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    September 3, 2014 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
    Gerry

    Reply


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