STRATEGY is not going onto a website and looking for property. Strategy is not suburb selection. Although both those things are incredibly important. STRATEGY is nothing but mathematics. Map Your Investment Strategy now. Not everyone likes numbers ….. But when it comes to property strategy, finance, portfolio and cash management, you need to develop a healthy relationship with numbers. This will help you to effectively map your investment strategy.
Numbers don’t lie, that’s the great thing about it. It’s maths, it’s arithmetic. 1 + 1 will always equal 2. So you need to model out and reverse engineer your passive income target. Let’s say you want to achieve an income from your portfolio (passive income) of $100k a year in 10 years’ time. You set the goal and then work backward to calculate how to build your portfolio (also known as reverse engineering – but that’s just a fancy term for working backward)
It takes a while, once you know what you’re doing and have the tools and data at your fingertips. But it is worth it. I want you to do right by yourselves and put the time in to create a strategy. Put the work in, Put the effort in. If anyone says that they will develop your STRATEGY on the 45-minute phone call, it’s not going to happen nor is it going to be customised and relevant to you. You need to see the math, the numbers reverse engineering, your passive income target all the way back to today and see how it’s going to work. And you might come to the conclusion that actually there’s no way you can achieve $100k in 10 years’ time with your current income, your current level of debt, with your existing portfolio. Or you might come to the conclusion that $100k in 10 years’ time is manageable or even conservative.
There is no need to smoke and mirrors with yourself and anyone else. If you’re serious about property investing, if you’re serious about generating a passive income, then get out your spreadsheet and start modeling. That is what is required! Life changes, things happen, and you might need to navigate differently, but you need to have a clear strategy, all ten steps, articulated, documented, numerated, in a way that’s common sense to you. That allows you to then sleep at night knowing that if you just follow your plan, it’s going to work because it’s mathematics. If you just follow your plan, you can give up work or reduce your hours. You don’t have to rely on employment, you can spend more time with your family in maybe eight years from now, or it might be 10 years or 12 years for some or it might even be 30 years, right? We’re all different. What’s important is that the average person can absolutely achieve it. The average person can not rely on the pension when they retire if they are educated, focused, committed, and willing to do the work. And it all starts with settling that STRATEGY to help you steer your course towards your goal.
So if you’re serious and you know how to do it yourself, please don’t ignore how important it is, and get onto it right away. However, if you’re serious and you don’t know how to do it yourself, I am here to help you. And just to reiterate what I’ve said before:
– STRATEGY is not going onto a website looking for suburbs or properties.
– STRATEGY is reverse engineering that passive income target that you’ve set for yourself and figuring out the exact steps.
The exact methodology, relies on mathematics, and mathematics alone, to figure out how you’re going to achieve a passive income for your family.
I’d love to hear from you!