“..I wrote myself a cheque for $10 million for acting services rendered and I gave myself five years and I dated it for thanksgiving 1995 and just before thanksgiving 1995 I found out I was going to get $10 million from the film “Dumber and Dumber..”
Jim Carey
Wealth-noun-An abundance of valuable possessions or money.
synonyms:affluence, prosperity, opulence, riches, means, substance, luxury, well-being
The problem with the term wealth is that it appears to be a word with a simple explanation, but when we dig deeper things are not that clear cut.
Because often the word can be relative to different environments.
One person might be wealth(ier) for instance in a third world country than his neighbours.
For example, he might have a source of electricity or clean running water, whilst his neighbours have neither.
So relative to others, in that location, that family might be called wealthy.
Because they have a level of prosperity that is higher than others in that country.
But for most westerners the word often means we imagine someone with a large amount of assets like cash, homes and toys etc.
You could also be classified as wealthy, if all your needs were met, you had cash in the bank and owned a few assets that appreciated every year.
The term is relative !
The desire to create wealth, for oneself and for others, has led to the success of capitalism
The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.
Winston Churchill
Now lets have a brief excursion into the different mindsets of people who are in the workforce, many of which wish(note that word) to be wealthier.
Of course this can segue to the general views of companies as well !
employees-They are looking for a safe and secure job with benefits.
Their core values are based around security.
The small business owner or the self employed often ascribe to the idea “if you want it done right, do it yourself “.
Then we have big business, defined as 500 or more staff members and they are looking for a good system, a good network and the smartest people they can employ to run their businesses.
And now we come to the most interesting category, the investor.
These are people who allow their money to work for them.
The beauty of building a business or investing, when it is managed correctly of course, is that it can become a form of passive income.
What is the most essential ingredient in wealth creation and economic growth ?
Almost anyone will answer “money” or for a country “natural resources”.
But the real answer is knowledge !
What is the difference between us and a cave man ?
The only difference is that we know a lot more.
Our biology is exactly the same !
But our lives are infinitely better.
Why ?
Because of knowledge !
Our true financial freedom, comes from the accumulation of wealth, which is derived by combining knowledge and and also taking action.
Creating wealth
As former Australian Securities and Investments Commission (ASIC) chairman Tony D’Aloisio told a 2010 Parliamentary Joint Committee on Corporations and Financial Services”..If you don’t understand it, don’t buy it… Understand what you are investing in…”
Simple and too the point.
We believe our clients should at least try and clear all their non mortgage debts as quickly as possible and consolidate building enough capital to be able to invest in the number one method of obtaining financial security which will lead to long term wealth.
And the secret wealth formula is..investing in new properties, in the right locations, at the right time.
Then you start to carefully build your property portfolio over time.
Property is the safest, logical means of increasing our own wealth, as well as helping others.
The “others” that our investment helps start with the builders, the suppliers to the builders, and the manufacturers of all the products and services that are required to buy the land and build and service the house.
Its a positive fed back loop for all the people involved.
And by using other people`s capital (the banks) and leveraging off the increase in value of our new property every year, we can continue to buy more and more new properties in different locations.
We are not trying to purchase properties necessarily in our own backyards, which are often too expensive anyway if you live in Sydney and Melbourne.
But we are interested in helping our clients to remove the emotion of investing by pointing them to different areas we know, from our data, which show the greatest chance of increasing in value year by year.
Our data and experts, right across Australia, point us to areas which are going through cyclical expansion. Think government(Highways and hospitals)and industrial (supermarkets) etc, infrastructure expansion.
The large supermarket chains spend millions researching locations, and our teams take that into account of course.
Which would you prefer, trying to find an investment property by yourself or utilising the services of our trained team to guide you every step of the way ?
Why not have a no obligation free chat with one of our staff today, you will never regret it.