[PODCAST] What the rich won’t tell you. The truth behind building massive wealth | Tom Corley

While most of us want to become rich and successful, it’s really not as easy as many suggest on social media.

In today’s show Tom Corley and I explain why building wealth is a two-step process and the requirements to not only build wealth, but retain wealth.

Takeaways

• The easiest way to grow wealth in Australia is through residential real estate.
• Becoming rich involves a two-step process: accumulating wealth and maintaining it.
• Daily growth habits, such as reading and self-education, are crucial for success.
• Building rich relationships can significantly impact your journey to wealth.
• Avoid spontaneous purchases to maintain financial discipline.
• Isolate a portion of your wealth for retirement planning.
• Wealth management requires a team of experts, including financial advisors and tax experts.
• The habits to get rich differ from those needed to stay rich.
• Mentorship is vital; seek mentors who are two levels above you.
• Wealth is a journey that requires continuous learning and adaptation.
• The world doesn't owe you anything; take responsibility.
• We owe the world our talents and efforts.

Links and Resources:

Michael Yardney  - Subscribe to my daily Property Update newsletter

Metropole’s Strategic Property Plan – to help both beginning and experienced investors

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Order your copy of Rich Habits, Poor Habits here

Join us at Wealth Retreat - Australia’s Premier Wealth Retreat for Elite Investors and Business People www.WealthRetreat.com.au

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Also, please subscribe to my other podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to or watching this podcast and subscribe so each week we can unveil the trends shaping your future.