10.1.2022
Not everyone wants to be wealthy. From a young age I was aware that I however, did want to be wealthy. I realised that when it comes to material possessions I’ve always had an expensive taste, so naturally my desire for wealth has followed. Along my journey to building wealth i’ve read lots of books which have helped me to educate myself on financial literacy and wealth building.
Starting a business was my first step to building wealth. My second step is to build a portfolio of investment assets that can provide me with an additional means of income. Since beginning my journey i’ve invested some of my money into my superannuation, other stocks and shares and a little bit into cryptocurrencies. Investing in property has always been an interest of mine but it requires larger amounts of money to get stared which has prevented me doing so.
During 2021 my wife had put a hold on “all big life decisions.” After getting married and starting a business in 2020, we were both keen to just enjoy a year being married and not over exert ourselves. This also provided a great window of time which allowed us to build up some savings towards our first home deposit. Entering 2022 we are both motivated and energised to start considering where and when to buy our first property.
Buying your first home is a massive decision and a highly emotional one too. There are so many considerations; Do you want to buy new or an established home? How much can you borrow? What can you afford? Where do you want to live?
A big thing for me is not wanting miss out on an investment opportunity. In search of answers I discovered the book 7 Steps to Wealth by John L Fitzgerald. In the pursuit of knowledge you may consume lots of different ideas and opinions but once in a while, something you read or hear has a profound impact and resonates with you on a deeper level. This book has got me feeling incredibly motivated towards the possibilities of easily building lifelong wealth.
Sometimes it’s hard to tell if you found it or it found you. The timing for me reading 7 Steps to Wealth couldn’t be more perfect. As it becomes much easier to retain information when you are interested or invested in the subject. After reading I know feel prepared with a step by step plan towards building my future wealth.
Throughout your investment journey you are likely to encounter the property vs. shares debate on many occasions. This book presents a compelling argument for property as a tool to generate life long wealth. After reading I feel equiped with a plan and basic information to form a plan to build wealth using a property portfolio. Following the steps in this book alone, would give me the plan I need to build serious wealth. In a time frame as short as 10 years.
The 7 Steps to Wealth has certainly changed my opinions and feelings towards building a property portfolio to secure future financial wealth. The content within relates specifically for those located in Australia. Though I’m sure the concepts and ideas are applicable to most markets.
Find out for yourself, buy the 7 Steps to Wealth book, visit the 7 Steps to Wealth website or JL Fitzgeralds investment company website Custodian.