started my business when i was 18 in uni, i'm now 39, the hard truth i learnt is that you can't save to rich, that latte you cut on daily basis won't get you financial freedom, it doesn't matter how frugal you are, the only sure way to get wealthy is to have a business, a business that you can successfully leverage two of the wealth fundamentals: 1.other people's time, 2. other people's money. It's hard to run a successful business, that's why most people aren't rich. But once you have a successful business, you will never want to work for anyone ever, because those two leverages plus tax advantages yield the highest return on equity. Real estate surely makes millionaires, but businesses make billionaires, period.
I took a big risk at 21. Got my house in Auckland. I’m 32 now and if I didn’t do that I don’t think I would be able to afford to rent or buy in the current market.
Hi there, Do you recon it’s good to go as GST registered for buying investment properties? Or being non GST-registered is a good option as then we have to pay a lot more GST when we sell the property But if you buy 2/3 investment properties and the then your annual income from property is more than $60,000 then you have to go GST registered ? What is the best way and what you do yourself as you are an investor? Please guide Thanks in advance?🙏🙏🙏
They cant give personal financial advice in a UA-cam comment Go to the Opes website and book a meeting with a financial advisor if you need real advice My numpty opinion/understanding is only a business that earns over 60k a year needs to register for GST. Regular meat body human beings do not need to pay GST if they earn over 60k. It depends on the type of property - if GST is beneficial or not
What do you think about fiat currency debasing so fast. When house prices appreciate faster than wage growth. Why would you save dollars when the real inflation rate is higher than reported. What hard assets would you suggest 'saving' money in.
I love seeing a New Zealand channel putting out this sort of content. Great job!
started my business when i was 18 in uni, i'm now 39, the hard truth i learnt is that you can't save to rich, that latte you cut on daily basis won't get you financial freedom, it doesn't matter how frugal you are, the only sure way to get wealthy is to have a business, a business that you can successfully leverage two of the wealth fundamentals: 1.other people's time, 2. other people's money. It's hard to run a successful business, that's why most people aren't rich. But once you have a successful business, you will never want to work for anyone ever, because those two leverages plus tax advantages yield the highest return on equity. Real estate surely makes millionaires, but businesses make billionaires, period.
I took a big risk at 21. Got my house in Auckland. I’m 32 now and if I didn’t do that I don’t think I would be able to afford to rent or buy in the current market.
thanks for this mate. keep em coming. might actually come to one of your seminars tbh
Your content is profoundly enlightening! -- "Trust in your potential to guide your journey.."
Great content. Keep up the good work team!
Hi there,
Do you recon it’s good to go as GST registered for buying investment properties?
Or being non GST-registered is a good option as then we have to pay a lot more GST when we sell the property
But if you buy 2/3 investment properties and the then your annual income from property is more than $60,000 then you have to go GST registered ?
What is the best way and what you do yourself as you are an investor?
Please guide
Thanks in advance?🙏🙏🙏
They cant give personal financial advice in a UA-cam comment
Go to the Opes website and book a meeting with a financial advisor if you need real advice
My numpty opinion/understanding is only a business that earns over 60k a year needs to register for GST. Regular meat body human beings do not need to pay GST if they earn over 60k.
It depends on the type of property - if GST is beneficial or not
What do you think about fiat currency debasing so fast. When house prices appreciate faster than wage growth. Why would you save dollars when the real inflation rate is higher than reported. What hard assets would you suggest 'saving' money in.
I would like to consult with you. How do I go about it?
Hey Elisabeth, that's great, just click the link below to book a free session
www.opespartners.co.nz/book-your-free-session-2?
Thanks Ed
Great video!
Your looking bloody healthy Ed. Less wines and more protien shakes? Sheesh