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nlike many property investors, Andrew Majdlik did not come from a wealthy background. Together with his three siblings, Andrew was raised by his widowed mother living on only a government pension. His future was not set with financial funds and he certainly did not win the lottery either. But, Andrew believed that your past does not define your future. “You are who you are, because of who you were.” He was persistent and excited about making his future a success. He quotes his good friend, Vanilla Ice: “Wasting time, thinking about wasted time, is just wasting time.” Despite his struggling childhood and lack of financial support, Andrew was able to build a multi-million-dollar property portfolio. What fuelled his fire was the negative input from people all around; people trying to put him down. He surrounded himself with successful individuals instead and soon realised these people are more likely to inspire you to succeed - and celebrate your success with you rather than put you down. Andrew recommends that, in each person’s strive for wealth, there should be one simple goal; the goal to acquire and hold on to the biggest possible asset base as soon as possible. This essential goal is often heard of and referred to as the investor mindset. Yet, there are many people who roll their eyes at this concept, implying “it’s easy for rich people to say that, but almost impossible for others to pull off.” “You just need a starting point,” Andrew explains. Starting with a few thousand dollars’ worth of shares and working towards a deposit on your first property is a great start. As soon as you have equity in at least one property, momentum will build, if you know how to leverage effectively.
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Andrew first entertained this idea while working 80-hour weeks; juggling 4 parttime jobs. He spent his days getting up at 4am, cleaning offices, schools and toilets, freshening up and changing uniforms for his job as a waiter, followed by delivering pizzas at night. Having had many jobs in his early years, Andrew says each experience was a learning curve and those jobs have helped him in years to come. Regardless of the job, it is important to give your best; it prepares you for the next stage of your life. However, even juggling multiple jobs, Andrew’s income was barely enough to provide for his family. He realised that working to exchange time for money was not the answer to financial freedom. He reckons that the issue with exchanging time for money is that there is only a limited amount of productive time available. For many people, their own home is the only form of wealth they ever achieve. That is because they only chase pay rises or promotions, live from pay check to pay check and not realising that they really have no wealth. Another common trait is that people spend their money and only use what’s left for investments. However, Andrew believes in investing first and then only spend what is left. “Always pay yourself first.” The way to measure your wealth is to ask yourself: “How many days can I survive without physically working a job to maintain the lifestyle I’m accustomed to?” Andrew entered the real estate industry at the young age of 20. After only a year the power of property growth became clear to him. He found that property values escalated at an enormous speed when $60000 properties increased to $120000 within one year. This excited him and his real estate portfolio has been growing ever since. Many ordinary individuals have been coached by Andrew and are now successful real estate investors; their properties mostly paid for by tenants. They are still able to maintain a great lifestyle AND they have peace of mind knowing that 10 to 15 years from now, not only will their family home have grown in value, but they will have potentially created millions in extra wealth. Because they have been accumulating a bigger asset base, this is also likely to grow in value during this time. Unfortunately, most people are cautious of the financial impact an additional investment property will have on their lifestyle. But when they realise they can invest in a property using just a small deposit their ability to change their financial future really does become very exciting. Often the money they would have used to pay the small holding fee each week, gets spent on day-to-day items and activities instead. For the past few years Andrew has been assisting families to make this transition. Surprisingly it is easier than you might think, especially if you already have some equity in your family home. If you are curious to learn more, visit www.andrewmajdlik.com.au/infosession to register your details and be notified of upcoming information sessions, frequently hosted by Andrew. Alternatively, to fast-track things, you can contact his office on 1800 422 249 to apply to work with him personally where he will show you how you can live a life of your dreams. 26 | MARCH 2018
Woman Entrepreneur | Global