WHAT MANY PEOPLE DON’T REALISE IS THAT THERE IS A TRIED AND TRUE STRATEGY FOR ORDINARY WAGE EARNERS TO BECOME PART OF THE 4% WHO ARE FINANCIALLY SECURE OR EVEN THE 1% WHO ARE WEALTHY. WE CALL IT THE MRD WAY.
In Australia, The vehicle that seems to consistently work for most people is residential property.
Consider successful property investors like Harry Triguboff, who drove a taxi and owned a milk round before making billions of dollars through his company, Meriton.
Long Walker is another example. Along with his father, he operated a plant hire and earthmoving contracting business before establishing walker corporation, the company that developed The King Street and Woolloomooloo Finger Wharves.
Eddie Kornhauser, a Polish immigrant who fled Nazi Germany to establish one of the most prolific property development companies on Queensland's Gold Coast, is yet another.
All these people have not only made a living off property investment, but have amassed billions of dollars and built property development empires in doing so, employing thousands of people and defining the skylines of many of our cities.
While achieving this level of success is entirely possible if that's your goal, most people would be content attaining a level of financial freedom that allows them
TO DO WHAT THEY WANT, WHEN THEY WANT, without the stress of wondering how they're going to afford it
Once you have money to invest, you can basically park it anywhere. Of course, the goal is to park it where you will get the best possible return on equity without putting at risk your return of equity. As you know, there are many options: superannuation, shares, or even fixed deposits.
Your goal is to invest in where your money will work best for you, and at the same time remain reliably protected.
Imagine you have a specific amount of money you want to invest. It doesn't matter if it’s $50,000, $100,000, $300,000 or $1 million, as you’ll learn that the same principles apply no matter how much money you have.
To make it easy, we’ll choose the amount of $50,000 and we’ll assume you are considering two investment options – the share market or the property market.