I want to be RICH and SUCCESSFUL in Australia

[Love Me Do]

Lately I've been really fascinated by wealth creation and especially people who know how to get rich. I want to retire young AND rich. I want to make a commitment to this ASAP but I seem to have dug a hole for myself which is just a minefield for dilemmas and heartaches. Ok here we go.

I am 21 (22 soon) and study teaching in uni. I have roughly 18months to finish a 4 year course. Its taking me a long while to finish it because I've been failing because I don't know what I'm doing and had little sense of purpose. I love going to uni but in the back of my head I feel as though I'd be draggin myself down with teaching as it is not my passion. (I've been searching for my passion but teaching doesnt seem to be one). I want to be successful but I feel that many things are pulling me back.

Ok I know I can apply myself if I want something so bad. I wanted money to pay off college accomodation and a laptop and now I've got myself 3 hectic jobs which gives me roughly $500-600 PLUS student allowance of over $100 per week. Not bad huh. I've been reading flat out on books on Real Estate, Property Developing, Rich Dad Series etc. I had ZERO $$$ at last month now I've got about $2K. Shhhhweeet...

These are the good bits:
-I have my OWN car and other things basic for everyday living (both at home and in uni)
-I am single and have no deep desire to get hitched up or get married in a huff
-I am young, willing and bright eyed (dont know if this is entirely a good thing)
-I have a very deep interest in making money in Real Estate, Property development.
-On the road to self-improvement
-Good looking and physically active
-I dont have an expensive taste on material things. Im no bargain demon yet not a big spender. I'm more a practical man.
-Keen for designing things and manual stuff. Good with my hands. (you guys seen property ladder with the developing and renovations…that would be sweet)

These are my setbacks:
-I am 21, no credit, no job and no previous full time employment
-Nearly finishing uni but pretty scared about gettin a job as a teacher. I just wish I could restart and erase the past 4 years but I've gone so far and seems the best thing to do is finish my course.
-Heavy inner games problems. I'm trying to fix this at the moment so stay tuned
-My family doesn't support me. Makes me feel guilty for what I'm doing. Reminds me that my cousins live in the slums while I waste perfectly good opportunity from uni.
-My dad cuts me down so bad when I tell him I have big dreams. I want to make big plans but he says I've wasted my life going to uni when I should have got stuck in the mines. Blah Blah Blah. We had a block of flats returning a MASSIVE 25% but he got sick of minding them and fixing little things so he sold it for around $90K. A year later its valued at over $230K. Although I did all the massive work towards them, he didn’t seem to give a sh*t about what I wanted and What I could have done.
-Uni Lifestyle is my personal,spiritual and physical growth. I'd love to still stay there while making my wealth but I can't have everything. At the meantime I am appealing to the uni bosses from kicking me out because of failing an important subject that could put an end to all the hardwork Ive put in the past 3-4 years. Its a b*stard.
-Under so much emotional stress from a lot of pressure from family, uni, friends girls and work
-I get VERY optimistic and need a reality check...But What is Reality and who gets to make it happen...I dunno I'll probably disappoint myself and end up hurting myself pretty bad.
-I live in a mining town (pop 26K) being rich here can sometimes result in a crappy lifestyle. Just ask my friends who spend $500 on alcohol because they can afford it and its FUN!!!
-I can start anything with great enthusiasm and passion but then 'lose breath' and fail. A major weakness Id do anything to fix.
-Im really tired of putting so much effort and seeing so much progress only for it to just crash so BADLY….e.g.my dreams, uni, relationships…I really hate this
-See things and instantly seeing it as being easy to do but when I get to the actual thing….theres a totally different story

Phew that was a long one....now lets cut to the chase

1. I need advice on what to do on my current situation with UNI, FAMILY, JOB and lifestyle. Especially in regards to teaching. Im so far in to it but having heavy doubts. It’s like a massive bank debt that I don’t want but I’ve gotta keep on paying it because its nearly finish.

2. I need guidance on how to create wealth in Australia in regards to economy, taxes and opportunities. I'm talking about real estate and other forms of passive income. (but I dont want to be one of those investor gurus who spit $$$ mumbo jumbo stock market sh*t 24-7. I want to have my lifestyle too) To generally get out of the rat race.

 

[Vice]

Lately I've been really fascinated by wealth creation and especially people who know how to get rich. I want to retire young AND rich. I want to make a commitment to this ASAP but I seem to have dug a hole for myself which is just a minefield for dilemmas and heartaches. Ok here we go.

I am 21 (22 soon) and study teaching in uni. I have roughly 18months to finish a 4 year course. Its taking me a long while to finish it because I've been failing because I don't know what I'm doing and had little sense of purpose. I love going to uni but in the back of my head I feel as though I'd be draggin myself down with teaching as it is not my passion. (I've been searching for my passion but teaching doesnt seem to be one). I want to be successful but I feel that many things are pulling me back.

Ok I know I can apply myself if I want something so bad. I wanted money to pay off college accomodation and a laptop and now I've got myself 3 hectic jobs which gives me roughly $500-600 PLUS student allowance of over $100 per week. Not bad huh. I've been reading flat out on books on Real Estate, Property Developing, Rich Dad Series etc. I had ZERO $$$ at last month now I've got about $2K. Shhhhweeet...

These are the good bits:
-I have my OWN car and other things basic for everyday living (both at home and in uni)
-I am single and have no deep desire to get hitched up or get married in a huff
-I am young, willing and bright eyed (dont know if this is entirely a good thing)
-I have a very deep interest in making money in Real Estate, Property development.
-On the road to self-improvement
-Good looking and physically active
-I dont have an expensive taste on material things. Im no bargain demon yet not a big spender. I'm more a practical man.
-Keen for designing things and manual stuff. Good with my hands. (you guys seen property ladder with the developing and renovations…that would be sweet)

These are my setbacks:
-I am 21, no credit, no job and no previous full time employment
-Nearly finishing uni but pretty scared about gettin a job as a teacher. I just wish I could restart and erase the past 4 years but I've gone so far and seems the best thing to do is finish my course.
-Heavy inner games problems. I'm trying to fix this at the moment so stay tuned
-My family doesn't support me. Makes me feel guilty for what I'm doing. Reminds me that my cousins live in the slums while I waste perfectly good opportunity from uni.
-My dad cuts me down so bad when I tell him I have big dreams. I want to make big plans but he says I've wasted my life going to uni when I should have got stuck in the mines. Blah Blah Blah. We had a block of flats returning a MASSIVE 25% but he got sick of minding them and fixing little things so he sold it for around $90K. A year later its valued at over $230K. Although I did all the massive work towards them, he didn’t seem to give a sh*t about what I wanted and What I could have done.
-Uni Lifestyle is my personal,spiritual and physical growth. I'd love to still stay there while making my wealth but I can't have everything. At the meantime I am appealing to the uni bosses from kicking me out because of failing an important subject that could put an end to all the hardwork Ive put in the past 3-4 years. Its a b*stard.
-Under so much emotional stress from a lot of pressure from family, uni, friends girls and work
-I get VERY optimistic and need a reality check...But What is Reality and who gets to make it happen...I dunno I'll probably disappoint myself and end up hurting myself pretty bad.
-I live in a mining town (pop 26K) being rich here can sometimes result in a crappy lifestyle. Just ask my friends who spend $500 on alcohol because they can afford it and its FUN!!!
-I can start anything with great enthusiasm and passion but then 'lose breath' and fail. A major weakness Id do anything to fix.
-Im really tired of putting so much effort and seeing so much progress only for it to just crash so BADLY….e.g.my dreams, uni, relationships…I really hate this
-See things and instantly seeing it as being easy to do but when I get to the actual thing….theres a totally different story

Phew that was a long one....now lets cut to the chase

1. I need advice on what to do on my current situation with UNI, FAMILY, JOB and lifestyle. Especially in regards to teaching. Im so far in to it but having heavy doubts. It’s like a massive bank debt that I don’t want but I’ve gotta keep on paying it because its nearly finish.

2. I need guidance on how to create wealth in Australia in regards to economy, taxes and opportunities. I'm talking about real estate and other forms of passive income. (but I dont want to be one of those investor gurus who spit $$$ mumbo jumbo stock market sh*t 24-7. I want to have my lifestyle too) To generally get out of the rat race.

The Rich Dad series is good beginner stuff, and it sets a fairly good mindset for someone transitioning to a wealthy mindset. But don't take his material dogmatically.

My recommendation to you is to seek out local real estate investors in your area. They are the ones that you need to learn from. As good as the rich dad series is, it cannot possibly cover the peculiarities of your local real estate market, as well as keep up with a constantly changing law. Read it, get the mindset, but don't do what I did and go crazy and buy every last one of Kiyosaki's books.

You have about the same situation going for you as I do, but I'm a little ahead of you, as I've already started my real estate business. You know, filed with my state commission and all that crap.

Eben Pagan's "Wake Up Productive" and "Self Made Wealth" programs are a good shortcut to reading the rich dad books, I wish I watched those two products before spending so much time reading Rich Dad. You can get them free from the usual places.

Your setbacks are pretty minor, adversity is what separates the good from the bad in hard times. We are in hard times, and you are at an advantage, because if you started in good times, you'd get blindsided when things turned sour and you'd never adapt.

It sucks that your dad isn't supportive. Mine is, because he was, and still is, a very ambitious man. We're talking about a man who wanted to get out of Ukraine so bad that he was willing to cross the Bering Strait to get to America. He ended up jumping ship off the coast of Maine and swimming to shore, becoming a legal US citizen. After that ordeal, anything seemed possible in what Ukrainians call "the land of opportunity".

F*CK "REALITY CHECKS". Reality is subjective. You make your own reality, not someone else. NEVER let someone else's limiting beliefs cloud your beliefs. Howard Huges finished and flew the Hercules just because they said it wasn't going to work. Watch the movie "The Aviator".

Get a subscription to the magazine "Heavy Hitters". It's a car magazine that promotes hard work and its rewards. It features little advertisements (the few ads that are there are conservative and don't show nasty women bent over wheels) and good amounts of material on creating and enjoying wealth.

One out of ten businesses are successful. Start NOW, so you can hurry up and fail nine times, and ride that tenth one out of the park.

If you're almost finished with university and you have a promising job, by all means finish it despite the debt. Here's a tip though: if you're looking for a job, STAND OUT. Don't mail them a resume, SHOW UP. Kick down doors and sh*t. Get some interesting hobbies like flying, surfing, hot air ballooning, scuba diving, WHATEVER.

 

[Rho]

Ditch the small town and ditch uni.

It seems that as long as you are getting sh!t from your parents you wont be able to lose the victim mentality, so put some distance between yourselves. Almost all the opportunities in australia are in the big cities, so go to sydney or come to melbourne. Forget the mines, there seems to be a misconception that you can just turn up with a shovel and no qualifications and are automatically on 150k a year.

Drop the degree, you are fvcking it up anyway and you will probably just get kicked out if you keep going, just let it go. A couple years working will help you decide if you made a mistake or not in that regard, in which case you can always go back. It is no big deal going back, the average age on campus at melb uni is 24, and there are heaps of undergrads in their late 20s early 30s looking for a life change.

Also, you will absolutely need a full time job if you want to start investing in property, at-least initially. However, stop getting hung up on becoming rich, you are still young. I recommend you go travelling, you will have the time of your life. I recommend south east asia coz its super cheap and the chicks are super hot plus everyone thinks you are loaded coz you are a westerner, its like rich-man fantasy camp. The less you have and the less you have holding you down the freer and happier you are.

 

[OzyBoy]

Go to the mines. Save up for a year or two. Invest.

 

[Drdeee]

Look @ it this way. If you have property that can fit 20 people, and you rent it, and get $1000 aussie rubles for each one, then you'll have $20,000 every month, $240,000 per year. All the while you aren't doing squat - sitting on your butt, driving your car, drinking beer, smoking dope, etc.

So if you are into real estate, that's how you could bring in fixed income, and that's just from 20 people, or 20 places.

I'm not sure how much you could make by selling real estate, or building real estate.

I must add that you don't have to cater the rich; the rich don't mean more money. You make money by making a buck from as many people as you can. People need food for example, people that are into food make money. *******s at the very top buy things like wheat, and other grain - the highly rich control large percentage of world supply.


Just how rich and successful you want to be? Before you answer this to yourself, remember that rich and successful does not bring your happiness - often those two things bring people misery and loneliness.