Property Investment Articles
Insider Info: Creating A Financial Legacy
I want to start with redefining legacy. So I came to Australia from the UK when I was 9, and I remember feeling a little of envy to all those 6th, 7th generation Aussies thinking, they are so lucky they’ve been here all these time, they must be really wealthy and really established. Then I realised I moved into the financial wealth that can be further from the truth.
What’s happening is that if you look at any of these studies globally about 2 to 5 per cent of people who have the capacity to create general intergenerational wealth is actually doing it. So what that means is, you guys in this roo, you will make the money your kids will blow it and their kids will have to start over again. That’s what the reality looks like, so we’re not actually getting richer.
And the challenge to this, our focus when in business is on survival were just thinking about how do we put food on the table, how do we keep the business afloat.
When we think of legacy, it’s this really cool idea but quite frankly, it’s very vague, at best you will have an accountant who talked about companies and tax structures and so, but no actually showing you how do you how to go about doing it. And the reality is, I didn’t come from money, and most of us don’t come from money, so weren’t actually taught to show us, here’s your going to be behaving and what we are all ultimately really worrying about is that loves ones will struggle, whether you have kids or you don’t have kids what we’re thinking about is to whoever the recipient of our wealth when we’re not here we dot want them to struggle.
But here’s the thing when you get it right as I said you guys will get to the point where have enough money you don’t need it anymore and then you can start to fill other people’s cups.
A legacy can become this crisp idea, it can be concrete interns of the actions that you have to take if you want to have a hope of creating wealth that lasts beyond your death, And you became the don. You become the person, the mentor, the advisor within the family who’s known as being the really smart with money, really good at driving money forward and then ultimately, what we all want is, regardless of who gets our money , we want to know that when the recipient gets it they will actually know what to do.
P.S. – Whenever you’re ready, here are 4 ways I can help you grow your wealth.
1. Fast Track - If you are ready to accelerate your investing results and get help with a personalised plan, then find a time in my calendar and let's get you started. Book Now.
2. Nearly Ready - Jump onto our next webinar and go deeper into some new frameworks that open up the world of alternative property investing and understand how to amplify your investing results. Register Here.
3. Not quite ready - Jump into our private Facebook group and become part of our community of investors who want information and insights into how to fast-track their property investing. Join Us.
4. Want more info - Grab part of my amazon best-selling book 'The Freedom Warrior'. It's the roadmap to getting accelerated results with your investing in the shortest possible time. Grab A Copy.
And this is what I’m saying, that this stuff, It’s taking me a lifetime to figure this one out, there’s no one teaching it. No one in Australia I know that got across this stuff, it’s about the network that you build and have an interest in it. Time, energy,...read more
So here’s the challenge right now in Australia. The market feels wobbly assets are standing still and the runway, feels like it’s getting shorter. And what we are all worried about is that we are going to fall short on our expectations. None of us wants to get to a...read more
People said to me, are you all about US property, and then I said no, I have huge portfolio here that I love but right now what you want to be able to learn if you want to step up to be a more sophisticated investor how to zig and zag. If everyone else right now is...read more
Here’s what I think is going on in the world. I think the wealth creation model that spot out by most people who have any relationship to finance some wealth ta talk us, I think is flawed, and the reason I think it’s flawed is I think the numbers in Australia is...read more
(+61) 2 6100 3688
7 MacPherson St O'Connor ACT 2602 Australia
PO Box 6049 O'Connor ACT 2602
Monday - Friday 9:00 AM - 5:00 PM
GET IN TOUCH