Hosted by: Jarrad Mahon
Episode 139: The 4 Critical Foundations for Wealth
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Omny | iTunes | Google Podcasts | Spotify
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.
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]
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 (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/
Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.
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Listen and Subscribe:
Omny | iTunes | Google Podcasts | Spotify
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