It’s been a wild couple of months with many Teach Me About Property students settling on their homes and we’re still right in the middle of it. It’s exhilarating to see so many families in our community taking action and reaping the rewards of their hard work. Watching their success is a testament to what’s possible for everyone. Remember, it’s normal to feel off track at times, but it can be a wake-up call when you see others achieving great success. That’s just part of the journey.

Principles for Growth and Consistency

I want to emphasise a crucial point: success isn’t about when you join; it’s about what you do after joining. There’s no competition with others – it’s you versus yourself. Success is about doing more reps each day, showing up consistently, and having a process to get back on track when you veer off. Being off track is an inherent part of the journey; it includes setbacks, hardships, and difficulties, all of which are crucial for success. For those still striving to reach their next goal, remember that encountering difficulties means you’re on the right track.

TLDR Version

  1. Focus on Personal Actions: Success hinges not on the timing of joining a team or a group but on the actions taken thereafter.
  2. Self-Competition: The real challenge is about outdoing one’s past performance, not competing with others.
  3. Consistency is Crucial: Daily improvement, consistent effort, and a method to get back on track are vital.
  4. Embracing the Journey: Setbacks and difficulties are integral parts of the path to success.

Strategies for Financial Success

Let’s delve into the strategies for financial success, focusing on the ‘Low Money Down’ approach. This strategy is about keeping as much money in your pocket as possible while making a small initial deposit to secure a property. However, that’s just the first step. You also need to ensure you have the balance of funds to complete the transaction. When talking to our Finance Team or your broker, you’ll frequently hear the term “funds to complete.” This refers to the total amount needed to settle on a property.

A critical aspect of this strategy is time management. Allowing the market to do the heavy lifting over time can be beneficial. However, irrespective of market conditions, it’s crucial to hustle and ensure you have the necessary funds. It’s always better to have the money and not need it than to need it and not have it.

TLDR Version

  1. Minimise your Initial Investment: The goal is to keep more money in one’s pocket while making a small deposit to secure a property.
  2. Understand ‘Funds to Complete’: This term signifies the total amount needed to finalise a property purchase.
  3. Manage your Time: Utilising the time between the initial deposit and the settlement can be advantageous.
  4. Be Prepared: Regardless of market conditions, it’s essential to have the necessary funds ready.

Cultivating Habits for Long-term Success

The key to lasting success in the Wealth Game is not just relying on market uplifts but committing to controlling your finances and embedding wealth game habits. Avoid playing the ‘poverty game’ and expecting wealth game outcomes. This approach is unsustainable, much like expecting a six-pack without exercise or dietary changes. Our habits ultimately determine our destiny, so it’s crucial to cultivate habits that align with wealth-building.

TLDR Version

  1. Avoid Short-term Mindsets: Temporary strategies or expecting quick results without proper financial control are not effective.
  2. Establishing Wealth-Building Habits: Similar to achieving physical fitness, financial success depends on the consistency of good habits.
  3. Consistency Leads to Stability: Financial stability is achieved and maintained through consistent and disciplined financial practices.

Final Thoughts

Remember, your financial results will mirror your financial habits. If you don’t establish and maintain Wealth Game habits, your financial stability may fade. Commit to these habits, and you’ll not only reach the top of your first mountain but also maintain success. Avoid being the person who desires wealth outcomes while clinging to Poverty Game habits. Instead, embrace wealth-building habits, and watch as your life and the lives of those around you transform. This change is lasting, built on a solid foundation that can weather any storm. If you’re ready for this journey, talk to our team about getting you on the property ladder and up to the top of the mountain.