Is $1 Million Enough To Retire On?

At the age of 19 I decided that I wanted to be rich and that meant being a millionaire. It took nine years to achieve the goals and I only discovered it by accident. I was filling out an application form for a loan and realized that my assets minus my current liabilities equaled just over one million dollars. At that point I thought I had it made. I mean being a millionaire was the peak in wealth wasn’t it? It was what everyone wanted to be?


The very first book I wrote was called “It’s Easy to Be a Property Millionaire” and it sold in the tens of thousands, so I guess a lot of people just like me were out there all striving to become a millionaire. It was presumably because they wanted a better life and that number – a million dollars, seemed to be the magical goal, once reached, would guarantee the life of your dreams.

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Last year, the Australian Prudential Regulatory Authority (APRA), at the behest of our Federal Government, issued instructions to our major lenders – pull back on your investor lending. APRA and the Government were rightly concerned about the growth in real estate prices over the last several years, particularly in Sydney & Melbourne.


The Federal Government wanted to lower interest rates to support the broader economy, but they knew they could not do that without risking sparking yet another run up in property values. They decided the best way they could slow things down was to squeeze the supply of loans, yet they chose to do this only for investors, who got the blame for pushing up real estate values. If they were really serious, why didn’t they have the banks slow down all lending?

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Robert Holmes a Court – Australia’s First Billionaire?

I have enjoyed sharing with you an ongoing series about some of the most successful people on the planet, including Richard Branson, Mark Zuckerberg, Aristotle Onassis and Andrew Carnegie (look back through my website for these stories). I haven’t yet written about another of my heroes – an Australian – Robert Holmes a Court (though he was born in Johannesburg!)


While it is not certain, there are many who believe that Robert Holmes a Court was Australia’s first billionaire. Holmes a Court rose to national prominence in the heady 1980’s business boom, alongside characters like Kerry Packer and Alan Bond. His journey from South Africa to Perth to build his corporate fortune is one that fascinated me as a teenager.

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Let’s Learn To Love Our Banks

I understand how very easy it is to dislike our banks.


They make multi-billions in profit each year, while increasing the fees that we pay for their services and they seem to keep hiking rates on our loans, even without increases in official interest rates. They are big, fat, easy-to-aim-at targets for derision, skepticism and anyone looking for something to blame. To some people, the banks seem to be much more interested in profits at all costs rather than helping us with our financial needs.

Just imagine for a moment, if you will – what would your life be like if there were no banks?

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Brickraise Launches First Retail Real Estate Crowdfund Offer

I am really excited to share with you that Brickraise has just launched Australia’s very first retail real estate crowdfunding offer. This is a game changer for anyone who wants to build wealth in real estate.

brickraise mail-out

No longer will you need to save huge deposits and borrow hundreds of thousands just to buy a property. And if you are seeking to raise capital for a project, things just got a bit smoother for you. If you have a profitable project, your path to funding could mean you won’t have to deal with the banks.

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Money & You – Are You A Saver Or A Spender?

Did you know that you have a relationship with money? And that you have probably had that relationship since you were very young. You would have learned from observing or interacting with those people closest to you in your life – like your parents, siblings, other relations, friends or even your teacher. Some of that conditioning could have been very positive and nurturing or it could have been the reverse. In any event, how you have been thinking about money your whole life will have had a remarkable impact on your financial results.


I watched a program over the weekend called “Britain’s Spending Habits”, which offered me a look in to how the British people of all walks of life spent their money. They interviewed people on low and high incomes and those with very high net wealth levels.

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Radio Wealth Podcast Episode 10

Todays episode is bought to you by Brickraise – real estate investing for all. It’s a brand new and exciting way of property investing. You can start with just a small amount of your savings or super and you wont ever have to borrow large to be a property investor. Brickraise is now open to investors and for those looking to raise capital. Go to and get started today.


We have a truly compelling show for you this week, with some intriguing questions, that cover far-reaching investing issues. Some of the questions we are covering include:-

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I have always been fascinated by successful wealthy people. I get inspired by their story and I like to study their lives to see what they did to become so prosperous.


The life of the enigmatic Aristotle Onassis is no exception. He is most famous for his shipping empire and his glamorous marriage to Jacqueline Bouvier-Kennedy, yet there is so much more to the man.

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