Episode Details

I'm often asked what I would do differently if I could live my investing journey all over again. 

I've certainly made my fair share of mistakes along the way and paid huge "learning fees" because of them. However, instead of being defeated, I learned from each error and moved forward a little bit wiser. 

If you ask me that's one of the keys to investment success - the ability to pick yourself up from setbacks, learn what you can from them (including your own limitations) and simply try again. 

So, to help prevent you from making the same mistakes, in today's show Brett Warren, National director of property at Metropole  and I are going to chat about some of the things I wish I knew when I first started investing. 

Takeaways 

•     Setting clear goals is essential for success in property investment. 
•     Buying in the right location is not negotiable 
•     Building a supportive team can enhance investment success. 
•     A wealthy mindset and abundance thinking are traits of successful investors 
•     Delayed gratification is critical to long-term wealth. 
•     Overcoming fear is necessary for making investment decisions. 
•     Learning from your failures can lead to future success. 
•     Compounding and leverage are powerful tools in property investment. 
•     Ignoring media noise helps you maintain focus on long-term goals. 
•     Balancing cash flow and capital growth is vital for financial stability. 
•     Gratitude is important as is giving back to the community 

Chapters 

04:15 The Importance of Education and Mentorship 

07:30 Setting Clear Goals for Property Investment 

10:37 Building a Supportive Team 

13:24 Developing a Wealthy Mindset 

16:25 The Power of Delayed Gratification 

19:12 Overcoming Fear in Investment 

22:38 Learning from Failure 

25:34 Understanding Compounding and Leverage 

28:33 Ignoring the White Noise of Media 

31:17 Balancing Capital Growth and Cash Flow 

34:21 The Significance of Location 

37:29 Financial Discipline and Gratitude 

39:20 Giving Back to the Community 

39:31 The Power of Perseverance 

40:24 Finding Strength in Adversity 

40:42 Understanding Market Trends and Analysis 

Links and Resources:  

Michael Yardney  

Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us  

Brett Warren - National Director of Property at Metropole  

Join us at Wealth Retreat - Australia's Premier Wealth Retreat for Elite Investors and Business People www.WealthRetreat.com.au   

Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.  

Shownotes plus more here: 16 things I wish I knew when I started investing, with Brett Warren