The 3 big lessons I learned from successful investors at Wealth Retreat with Pete Wargent

While you’re listening to this podcast, my wife and I are away on a cruise. We’re able to do that again this 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. Pete will tell us what he learned from successful investors at last year’s wealth retreat. 

I’ll also share something special in today’s mindset moment. 

Wealth Retreat 

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. 

1. 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. 

2. 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. 

3. 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: 

Michael Yardney

Metropole Property Strategists

Pete Wargent 

Join us at Wealth Retreat 2020 in June 2020 – read all about it here now and express your interest

Show notes plus more: The 3 big lessons I learned from successful investors at Wealth Retreat with Pete Wargent

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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