WEA LT H In my experience, the real definition of a property investor is a person who patiently invests the time to have a plan, set up a proper process, build a team of mentors, find their lane, and do their due diligence to master their way forward. One property at a time.
Successful property entrepreneurs are no smarter than anyone else. They are people with a plan and process that they follow, one step at a time. Only 5% of the Australian population, 1 out of every 20 people, buy a second property. They forget property is a proven vehicle to build wealth and lifestyle. The wealthy mindset understands compound growth and with every step, they build value and confidence. They have a plan and follow the rate of return requirements. They buy, add value, learn, and repeat. Let’s revisit the importance of compound growth. When you start in property it is hard to understand how compound growth can happen. There can be a huge gap in understanding between owning 1 property and owning 10 properties. Remember not to focus on the number of properties. It is important to explore what the properties can do for you. Do you own your own home? Reflect on its value over time to understand compound growth. Can you remember what it was worth in 1980? How about the value in 1990? What about the value in 2000? Today in 2020 what is it worth?
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