The 4 Critical Foundations for Wealth

Perth Property Insider Podcast

English - August 02, 2023 17:00 - 30 minutes - 27.6 MB
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Today, I'm going to take a deep dive into the 4 critical foundations that are necessary to truly grow your wealth…. And some may surprise you.

I speak with many property investors who seem to be spinning their wheels or focussing on the wrong things so it’s not wonder that most get stuck at 1-2 investment properties and end up selling within 5 years.

When you have the foundations in place you have the best chance of building a sustainable and profitable portfolio.

Let's go inside.

Resource Links:

Get your Strategic Portfolio Plan and our help with Buying Your Next Perth Property (https://www.investorsedge.com.au/invest-in-perth-property/)

Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/perthpropertyinvestors)

Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)

For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)

For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)

Episode Highlights:

Intro [00:00]

Why is a Strategic Plan So Important? [01:45]

Get Clear on Your Goals and Your Current Situation [06:32]

The Importance of Having a Strategic Portfolio Plan [08:40]

Why is Cash Flow Management So Important? [13:18]

Having a Cash Flow Management System [15:19]

Right Choices Compound Over Time [18:10]

The Difference Between Being Cheap and Being Frugal [20:17]

Paying for a Strategic Plan [25:18]

Growing Asset Base First, Converting to Income Later [26:48]

Outro [29:53]

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