When it comes wealth creation, the sky’s the limit. But what’s the best wealth creation strategy? Bob Andersen has the answer.

When it comes to how many wealth creation strategies there are out there, you could say the sky is the limit. Is your Inbox like mine? Constantly inundated by the next and newest strategy for making money with little or no effort.

WAYS TO MAKE MONEY IN THE PROPERTY MARKET

Even if we limit ourselves to just property strategies, there are still so many options available to those prepared to put in the hard yards – renovating, flipping, cash flow positive, strata and sell, distressed sales, negative gearing, call options… the list goes on! The problem with having so many strategies however is that it can lead to confusion – and confusion leads to indecision and not taking action.

WHY CHOOSE PROPERTY DEVELOPMENT AS YOUR WEALTH CREATION STRATEGY?

I’ve met people who have spent over $100,000 on self-education. Yet they’re doing nothing. Why? Because they are totally confused and in many cases they suffer from paralysis by analysis. It’s a terrible affliction.

I see myself as a pretty ‘simple’ person, so when it came to making up my mind what strategy I wanted to follow I simply looked at where the most money was being made. It was obvious that it was in property development. And it shouldn’t come as a surprise when you consider the major companies like Lend Lease, Australand, Mirvac etc. It’s not by accident that they create their enormous profits from property development. They know where the big money is made.

WHY YOU SHOULD FOLLOW THE FOOTSTEPS OF BIG PROPERTY DEVELOPMENT COMPANIES

You might say to yourself that they are big public companies with lots of money. They are, but the strategy and processes they use to create their great wealth are the exact same strategies and processes that you could be using to create your wealth. The only difference is the amount of Zeros on the end of the numbers. The principles and the processes you might use to drop a duplex in the backyard behind a house are almost exactly the same, albeit less complex, as the big guys. And it’s not hard to learn those processes if you have an expert in your corner willing to teach you.

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