Knowledge is the key to so many powerful possibilities in our lives, but only if we do something with it.

Having the knowledge is never going to be enough; you still need to take action. Please remember that ‘if nothing happens, nothing happens’.

Your future depends on your actions today, and it’s impossible to argue that your actions will always beat your intentions. The best way to get something done is to begin, and I guarantee, a year from now, you will have wished you started today.

 

The sooner you get started, the wealthier you will be!

If you’re in your 30s and have already prepared yourself to invest in property, congratulations! You have the potential to create ‘intergenerational wealth’ in your lifetime, the magnitude of wealth that ripples down through future generations.

If you’re in your 40s and are ready to start building a property portfolio, well done! From my experience, if you’re in this group, you likely have all the ingredients necessary to build a property portfolio that will supply you with a retirement lifestyle, most can only dream of experiencing.

And, if you’re in your 50s, please don’t panic; life doesn’t end at 65 when you retire. You still have time to leverage your wealth over the next 10 to 15 years to add greatly to your wealth in retirement. Plus, your investments can continue to grow in value over the first ten years of your retirement to help ensure your funds don’t become exhausted too quickly. The big message here, though, is ‘the sooner you get started, the better’.

 

Give yourself a chance to be lucky!

When I was in my early 20s, my bank manager told me in a caring voice, “Phil, I’m going to do you a favour and not approve your loan”.

It was going to be the third property I’d purchased in around 12 months so as you can probably imagine, people were concerned. The property cost was $172,000 and regardless of the warnings, I pushed forward and purchased it.

A few years later, the same bank manager, and his family, became my tenants. During the years he and his family lived in this house, the value of the home almost tripled.

As a result of him witnessing this growth first-hand I soon gained the title of ‘Lucky Phil’ within his branch. As I wanted to continue to maximise access to finance, I just smiled and let them attribute the purchase and subsequent capital growth to me just being ‘lucky’.

‘Luck is where opportunity, meets preparation.’

If you are prepared to do what it takes to be ready for great buying opportunities, you give yourself a much greater chance to look lucky.

 

The results begin when you do!

If you are truly ready to ‘step up’ and start your wealth ‘snowballing’, I encourage you to do the things today that your future self will thank you for.

Most people ‘go through life’ but I encourage you to ‘grow through life’. I’ve discovered there are countless life-changing benefits, thanks to clever, safe and affordable property investing.

If wealth and the lifestyle choices it brings are important to you, knowledge is never going to be enough; you need to take the required action.

Time is only helpful in building wealth when it’s working for you, not against you. Please remember, the results only begin when you do. Every day counts.

The article is an extract from the Founder of Invest Approved, Phil Anderson’s new book.

Click below to access your FREE copy of  Ready, Set Rebound – 5 Step Guide to confidently building wealth through property, post COVID-19