How To Be In The Top 1% Of Australians
Unless you’re in the top 1% of Australians, you’re going to be left with very little to retire on. Only the top 1% are going to be retiring on their current income or more.
Interestingly, over the last 20 years, the number of Australians investing in property has increased from just 6% to 18%.
The reason so many people are turning to property is because more people are realising that they have to fund their own retirement. The pension is no longer enough, and more people are coming to terms with the fact that they cannot rely on the government to pay for their retirement.
An aging population can’t be sustained by a shrinking working class – it’s just not feasible. Your parents or your grandparents may have been able to live off the pension and their family home, but this strategy isn’t going to be an option for future generations.
So, how are people ensuring that they end up in the top 1%? By investing in property successfully.
Most property investors are, unfortunately, going about it the wrong way, investing without a proper education or support, and as a result, they’re missing opportunities that could help them get ahead.
A few more stats for you… of the 18% of Australians who do invest in property, only one-third of them has two or more properties. And only 7% of investors (or 1% of Australians) own three or more properties. People are getting stuck in their property investing journey because they’re making mistakes, buying poor cashflow properties in low-growth areas – it stunts the growth of their portfolio and prevents them from being truly successful.
An investment in knowledge pays the best interest.
- Benjamin Franklin
If you want to be in the top 1%, it’s going to take education, action, and support. If you’re not getting those things, you’re missing out! If you are going to be successful, if you’re going to be the top 7% of investors, or the top 1% of Australians, what’s it going to take for you to be successful? Well I’ll tell you what it’s going to take. It’s going to take education, it’s going to take action, and it’s going to take support.
If you don’t do these things, don’t be surprised if things don’t work out the way you’d hoped!
Happy property investing!
Daimien J Patterson
Daimien Patterson is the CEO of Integrity Investment Properties, a property investment company based in Australia. He regularly produces books, blogs, and videos on the topic of property investing. Head to [integrityinvestmentproperties.com.au] for your free copy of Daimien’s book, Safe as Houses.