Hello, I am Juvan Caillet from Melanie and Juvan and I am here to guide you on how to build wealth through a long-term strategy focusing on residential rental property. Please note this is not a get-rich-quick scheme, this will take dedicated time to formulate and stick to a long-term consistent investment strategy.
However, this is the most fulfilling, safest, and surest way to personal wealth and has become the most reliable pension, retirement fund, or superannuation for many people over the centuries.
As Andrew Carnegie stated: “Ninety percent of all millionaires become so through owning real estate”.
Ever wondered how you can use your short-term income to grow long-term assets, build your empire and become a millionaire?
Let us get started on some of the foundations of wealth
So, here you are, just arrived home after a hard day at work, traffic has been a nightmare and you are exhausted. No surprise, no one has organised dinner, and that soft voice says I am tired it will take at least an hour or more to get anything nice ready. Then that loud voice buzzes in your head and you remember that uber eats has specials on pizza on a Wednesday. Yip that is right, you could not argue with that voice and order a pizza from your local fast food outlet.
Later the night you feel uneasy with heartburn and think that you probably should have waited that hour and cooked your favourite tasty homemade meal.
You see fast food and instant lotto tickets are a lot alike and unfortunately what today’s society want. They seem to be preoccupied with instant results. We as humans constantly exhaust ourselves looking for that new, quick, and easy way to riches but will rule out any time spent on learning the principles of building true wealth.
Most of us want this financial freedom but we have the same attitude to building wealth as we do too fast and instant food. The slower and surer road to riches is seldom followed and patience seems to be an ever diminishing virtue. Many people find themselves saying these lines “I must have this now, Surely, I can afford that, I really can’t wait, they said it was a bargain, the salesperson said I look good in that”.
The funny thing as time goes by, we realise that waiting for food that takes hours to make usually tastes way better and is worth the wait. Likewise waiting and being patient in building your wealth will allow you too truly be financially independent.
While others are keeping up with the Joneses and paying off their credit cards, you will be able to do what you want, when you want, and with whom you want because you took the road less traveled and have arrived at the top.
So why should you become wealthy?
Well, firstly it gives you the freedom to choose when you retire, which is when you can stop doing what you have to do just to pay the bills but rather start to do what you want to do.
Secondly, it allows you to be able to buy your dream home, go on holidays when you want to, and take care of your loved ones as they get older.
Thirdly, it allows you to be able to grow businesses that may help many people through job creation and donations to charities.
Sadly, many people are under the impression that they have worked hard, and they should just spend all their income on what they want and enjoy it now. The next line usually goes, I can always start saving for retirement later and if I fail to save well my retirement fund will come to my rescue.
This mindset makes you highly dependent on your job, good health, and eventually the government. The real question you should be asking yourself is, do you truly believe that the government can keep paying people a basic pension in the near future? Can you put all your eggs in one basket and trust that your current retirement annuity or superannuation will achieve the amounts as projected?
Most people barely make it to the pension age with any comfort. They work extremely hard to obtain their money and yet they then do not have the energy or know-how to invest their hard-earned money to benefit them in the future. Instead, they carelessly either spend more than they can afford to or give their money to others to invest on their behalf.
While there is nothing wrong with having someone manage a diversified portfolio of shares in your retirement fund, you should change your way of thinking and begin to accept some responsibility for your own financial security.
Wouldn’t you like to go on pension knowing the majority of your money is guaranteed to be there when you retire?
You see a great investment is defined as one that protects one’s capital and achieves a consistent adequate return, there is therefore no greater investment than property.
If you are ready to change your mindset and find out how average income earners can achieve long-term financial independence then join us in boosting your cash flow with our tailored CFO services from M&J.