Episode Details

Today, I'd like to share with you my top insights into creating accelerated wealth.

Now, the show is a little bit different, because it's actually the audio of a webinar I conducted with my friend Louise Bedford who asked me to share with her audience my insights into creating wealth in this new business, property, and economic cycle.

It came at a great time because I was preparing the curriculum for Wealth Retreat this year that we'll be holding on the Gold Coast in June, and I was reviewing my notes from previous years and speaking with previous attendees. I was blown away by the feedback as previous attendees explained how the Wealth Retreat changed the way they handled their investments, their business and their lives.

That's high praise from people who are already very successful. So, I hope that sharing my insights will also benefit you and help you take advantage of the opportunities that lie in front of us in 2021.

My insights into wealth creation

The first step along the investment path is educating yourself.

It's what I still do today to keep growing and it's what all successful investors do.

Experience is an expensive teacher.

I recognised that we all have personal ceilings of achievement that are based on our current thoughts and habits.

The answer is to grow yourself into a bigger cup so that you attract and keep more wealth.

You do this by upgrading your wealth programming – the way you think and react about money.

We all need to learn from mistakes – this helps you get it right and move forward.

The only question is, whose mistakes?

Yours or those of the successful investors who have already achieved what you want to achieve?

Remember, building wealth all on your own is not only hard work, but it's slower and riskier.

Alone you are vulnerable and will never reach your fullest potential.

But when you connect with the right mastermind group, the chemistry will literally propel you to heights you never dreamed possible.

The biggest obstacles we need to overcome to become financially free

Obstacle #1: Isolation: It's hard to build wealth on your own

You see…alone you are vulnerable.

You will never reach your fullest potential.

But when you connect with the right people, a whole new set of options you never dreamed possible opens up to you.

In fact, one of the main reasons people attend Wealth Retreat is to have an instant peer group of movers and shakers.

Obstacle #2: Fear

One of the greatest obstacles to building financial freedom is fear.

And with all the mixed messages in the press at the moment with concerns about, the after-effects of the Corona Virus on our economy, what will happen when JobKeeper ends, growing social unrest in Australia – not just overseas, the challenges with obtaining finance and talk of a property bubble developing, many of us are more fearful than ever.

This fear can be taken many forms, but the big 4 fears I come across are:

1. Fear of failure – this is especially prevalent.
2. Fear of debt – most of us have been taught that debt is bad and not to take on more debt. Strategic investors recognise that debt in itself is not necessarily bad, rather it's not being able to repay your debts that's a problem.
3. Fear of success – Interestingly, some beginning investors put off their investment decisions because they are haunted by a fear of success. While this may initially seem strange, this fear generally stems from a feeling of unworthiness, where people convince themselves that they are undeserving of wealth or wanting to accumulate wealth makes them a bad person.
4. Fear of the unknown – Who wants to go into a dark room? Who wants to go to a party where you don't know anyone? Who is not nervous about buying their first investment property? Whenever the outcome is uncertain, fear r