The secret to building wealth is not to spend your capital but to only spend the income you derive from that capital. It’s ok to buy luxuries such as flash cars, boats and holidays, but your passive income should pay for them. You should protect the “golden goose” i.e. your capital. It’s one of the […]
Some people think, “I’ve paid taxes all of my life; let the government take care of me in my retirement.” Thirty years ago, that may have made some sense. At that time, there were 7.5 Australian workers funding each retiree. Today, there are just five workers per retiree. If the current trend continues, it’s estimated […]
AND A BIGGER BIT BECOMES A LOT MORE The power of compounding was well understood by Albert Einstein. He said “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” The theory of the power of compounding by necessity is embedded in every plan […]
Barry (pictured) always yearned for a comfortable retirement and a better lifestyle in the lead up years, but like many others felt he wasn’t equipped to work out a way to do it. He felt he and his family deserved the good life, but also felt “held back” by having very little to start with. […]
Sometimes it’s hard to feel a sense of individuality. You feel like you are similar to most others and feel burdened by the same day to day problems as everyone else. One way to stop being and feeling part of the crowd is to become wealthy. Poor people, average people and even above average people […]
I don’t think so. What we do at Canterbury is not just talk. As they say “Don’t listen to what people say; watch what they do”….and this is what we do, and it’s real, can be quantified – and can be conveyed using numbers. Numbers don’t lie. Here is a comparison between where an existing […]
All wise financial advisors know the importance of investing for your long term future with regular reliable instalments. It is best to arrange this by direct debit because without that, life gets in the way and the regular payments are not made. It is common for five years to go past in the blink of an […]
The rising and falling of interest rates is just a fact of life as a property investor. This is a cyclical business in all ways. All that matters is what happens long term. Every industry has occupational hazards. Even a rugby player gets tacked and knocked down, but he knows that will happen before he […]
It’s all like baking a cake, if the recipe is correct, success is assured. Step 1: Begin With Your First Home Start as early as possible. This will not likely be your dream home, but it’s a starting point, it is a store of wealth and a way to have a […]
A recent United States study reported over 350 logical reasons for investing in real estate. We haven’t read that report, but here are our four favourite reasons: Your wealth increases even when you sleep if you own growth assets i.e. things that go up in value without your personal input or effort. Structures can be […]