Daimien Patterson is the CEO of Integrity Property Investment, a property investment company based in Australia. He regularly produces books, blogs and videos on the topic of property investing, helping thousands of people create financial security and freedom through education and property investment. Get started today.
My Property Investment Tip #5
Working hard is not enough. You must work SMART!
Growing up in middle-class lower socio-economic area like Campbelltown, I saw plenty of people working HARD, but still not getting anywhere financially.
Good people. Great dads and mums working hard for their families. Long hours. Long commutes. Going to bed exhausted every day. Quite frankly, I don’t know how my mother did it.
But truth be told… we’re all taught wrong. Working hard is not enough. You must work SMART!
And working smart is the PRIORITY over working hard. Because if you are working hard in a DUMB direction. You’re just going to end up BROKEN & BROKE. As in, your body will be broken, and your bank balance will be broke.
Don’t believe me? Take a look around you. Many of our parents, who have worked hard all their lives…. had “successful” careers… will be forced to sell their family homes in retirement because they will run out of super and the old age pension is just not enough.
So they will have to ‘Eat their house’ as they say. They will have to sell their home and all the memories with it, just to feed themselves and and pay their bills. And they will die near broke.
You see, working hard your whole life and paying off your house is the middle-class TRAP! (not dream)
I can guarantee you that the wealthy aren’t telling their kids to do that! They are telling their kids to go out and accumulate REAL assets that go up in value (not down) and bring in an income. They are being taught to work SMART first and foremost.
So what did your parents teach you?…
Here’s the reality…. If you take their advice… you will end up like them!!
Now they may have a great marriage. If so, listen to their marriage advice. But if they’re not kicking butt financially… just smile politely and seek your financial education elsewhere.
You get rich by accumulating REAL assets (see prior definition). That’s working SMART!
How many real assets do you own right now???…