I was reading a fascinating article by inequality.org which highlights the phenomenal gap growing between the rich and the poor. It's data that's a few years old but still tells a story.
In particular, what was interesting was the analysis of how the percentage of people who are able to create 'legacy' wealth was less than 5% globally.
Many people might be consider property investing initially as a way to bridge the gap between what their other investments will create as wealth and what they believe they will need in retirement.
The truth is, you don't need a huge number of properties to achieve this.
But what if you want to create more of a legacy?
What if you want to help people you care for...your children and other loved ones?
What if your driver for wealth is more to do with supporting a noble cause or helping those less fortunate than yourself?
Well, then you have to hustle a little smarter than the average Joe.
How could you do this?
Well for starters, following the herd is NOT the way to achieve greater than average wealth.
Here are just 6 things that people who have legacy wealth do:
1. They grow their network to include people who can connect them to stellar opportunities.
2. Spend time with people who are like minded.
3. Educate themselves on how to assess investment opportunities like a pro.
4. Avoid distraction from opportunities that don't give them the desired outcome'.
5. Focus on steady wealth creation rather than 'get rich quick' schemes.
6. Have stellar money management.
If you want above average results, then don't do what the average person does. Tread your own path.
Here's to your freedom.
Founder of the Freedom Warrior Mastermind and Chartered Accountant and Certified Property Investment Adviser
For more information check her out at www.freedomwarrior.com.au
Mark is an expert quantity surveyor, business owner, public speaker and property developer. With 20+ years experience in the construction and quantity surveying industry Mark’s specialist expertise have been sought in consultant capacity by professional bodies such as the National Institute of Accountants and the National Tax and Accountants Association, and he has presented at various property and tax seminars and expos nationwide. Mark holds a Bachelor of Construction Management from the University of Newcastle, is an affiliate member of the Australian Institute of Quantity Surveyors and a Registered Tax Agent.View all posts by Mark Wilkins