The 3 big lessons I learned from successful investors at Wealth Retreat Summer Series with Pete Wargent
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While you’re listening to this podcast, my wife and I are away on our vacation.
Unfortunately due to Covid, it’s not the extended overseas trip we usually take at this time of the year, but we are able to take a number of breaks each year because we’ve built a substantial property portfolio that gives us the lifestyle we enjoy.
I’m not showing off. What I’m suggesting is you should also build a substantial asset base to give you choices in life.
How are you going to do that? How are you going to be different from all those investors who don’t get past their first or second property?
The answer is to learn from those who have already succeeded – who’ve achieved what you want to achieve.
That’s what Pete Wargent and I are going to talk about in today’s show.
As part of our summer series, I’m replaying the show it was it first published about a year ago where Pete tells us what he learned from successful investors when he attended Wealth retreat.
I’ll also share something special in today’s mindset moment.
Pete Wargent is one of the regular presenters at Wealth Retreat. But he attends to learn as well as present. Today he’s going to share some of the tips he learned at last year’s Wealth Retreat.
- There’s not one property market
There are multiple property markets around Australia all at different stages of their own cycle.
In a boom, everything sells. But when a downturn comes, you can see how much better well-appointed properties hold their value.
That’s why you need a tried and tested formula and an investment strategy that always works, not one that only works right now.
- If you want to grow your business, you need a business coach
You never know which nuggets of advice are going to make all the difference.
Even if you’re already successful in your own right, you can still use advice from other successful people. It helps to have someone to hold you accountable.
- The power of networking
The most successful people always have the most powerful networks, so anything that you can do to build a network of successful, like-minded, and powerful people can only help. But there’s only so much time in your life to make connections, so an event like the Wealth Retreat is a perfect opportunity to meet with the right sort of people.
Links and Resources:
Some of our favourite quotes from the show:
“It’s isolating, it’s hard on your own and you need a tribe around you. But you need the right people.” –Michael Yardney
“Why not, while you are an employee, set up your own business on the side.” – Michael Yardney
“Failure is never permanent. That sinking feeling that you’ve got, that will never last forever.” – Michael Yardney
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