I realised over a glass of champagne on New Year’s Eve, that most people make a resolution or a goal for the year. Other than those few minutes we don’t really ever think about goals. Usually by February any memory of that commitment has worn off and we are back to our normal lives. Over twenty years ago I started writing goals down and checking in with them throughout the year. One thing that continually surprises me is when I do

check in how many I can cross off the list. Over the years I have asked hundreds of property buyers what their 10 year financial goals is. Over 80% state the goal as the number of properties that they want to acquire. It strikes me very clearly that these people have not any idea what their goal is and have little chance of success. They do not understand that property is a vehicle to achieve wealth and hence it is not the number of

properties you own it is the income they derive for you that is the goal. Or even being more specific what you can do with that income. After all 5 properties in Broken Hill and 5 properties in Toorak are going to create a whole different looking lifestyle for you. I say lifestyle not retirement, because if you start early enough and get this right then you could get to your passive income goal at 40, 45, 50 within 10-15 years.