{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":300,"width":600,"title":"Nobody Tells You These 10 Truths About Building Wealth Through Property","description":" What if the biggest financial mistakes people make aren't about picking the wrong investment or getting the timing wrong - but about the things nobody ever sat them down and actually explained?   I've spent over 50 years in property investment. I've read hundreds of books, attended countless courses, paid for mentors, and written nine books of my own.   And yet, despite all of that, some of the most important money lessons took me far longer to truly understand than I would have liked.   Today, I want to share those with you. Not as theory, but as the hard-won insights I'd go back and tell my younger self if I could - lessons that would have accelerated my wealth-building and saved me from a few unnecessary headaches along the way.   Some of these will challenge what you've been told. Some will feel obvious in hindsight. And a few might make you stop and think differently about decisions you're making right now.   The discussion explores how delayed gratification and patience can help investors build lasting wealth instead of chasing quick results.   The episode considers why daily market noise can lead to poor decisions, while quality assets and long-term thinking provide greater perspective.   I explain why property investment should be treated as a deliberate process involving strategy, the right team, careful asset selection and disciplined risk management.   The conversation concludes by looking at future-focused decision-making, the value of financial freedom and why most worries never become as serious as expected.   Takeaways    \u2022 Patience allows quality investments to benefit from long-term compounding \u2022 Productive debt funds assets capable of growing in value \u2022 Consumer debt reduces wealth by financing short-term spending \u2022 Cash-flow buffers protect investors during rising interest rates \u2022 Daily market commentary can encourage emotionally driven decisions \u2022 Property often appears expensive before long-term growth becomes visible \u2022 Investment success depends more on fundamentals than forecasts \u2022 A clear strategy prevents impulsive property purchases \u2022 Financial freedom gives people greater control over life choices \u2022 Future-focused decisions can improve money, health and relationships   Chapters   03:06 - Lesson 1: Learn delayed gratification 04:48 - Lesson 2: Debt is not the enemy, mismanaged debt is 06:48 - Lesson 3: Watching the market daily will not help 09:20 - Lesson 4: In 30 years you will wish you invested more 10:57 - Lesson 5: Nobody knows short term performance 14:13 - Lesson 6: Property investing is a process, not an event 16:34 - Lesson 7: Money cannot buy happiness but it changes the terms 17:55 - Lesson 8: You only need the core principles 19:58 - Lesson 9: Will my future self approve of this 21:18 - Lesson 10: Things will work out   Links and Resources:   Join us at one of our upcoming seminars in Melbourne, Sydney, and Brisbane.   \u2022        Click here for more details and to lock in your spot.https:\/\/metropole.com.au\/how-to-grow-seminar\/ \u2022        Join us in this small group environment so you can get your personal questions answered.   Answer this week\u2019s trivia question here - https:\/\/www.propertytrivia.com.au\/ \u00b7        Win a hard copy of How To Grow A Multi-Million Dollar Property Portfolio In Your Spare Time? \u00b7        Everyone wins a copy of a fully updated property report \u2013 What\u2019s ahead for property for 2026 and beyond.   Michael Yardney \u2013 Subscribe to my Property Update newsletter here.   Get the team at Metropole to help build your personal Strategic Property plan. Click here and have a chat with us.     Get a bundle of eBooks and Reports at: www.PodcastBonus.com.au   Also, please subscribe to my other podcast Demographics Decoded with Simon Kuestenmacher \u2013 just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.   About The Michael Yardney Podcast | Property Investment And Wealth Creation Australia   Success in property investment isn\u2019t just about numbers - it\u2019s about mindset, behaviour and decision making.   In The Michael Yardney Podcast, we explore the psychology of wealth, the habits of successful investors, and how to think strategically during uncertain market conditions.   Regular topics include: \u2022 Psychology of money and wealth\u2022 Investor behaviour and market cycles\u2022 Rich habits vs poor habits\u2022 High performance mindset\u2022 Risk management thinking\u2022 Decision making under pressure\u2022 Long-term investing discipline\u2022 Overcoming fear in property markets\u2022 Building wealth through strategy, not speculation   If you want to avoid common investor mistakes and develop the mindset required to build lasting wealth in Australia\u2019s property market, this podcast is for you.   More resources at:https:\/\/propertyupdate.com.auhttps:\/\/metropole.com.au ","author_name":"Property Investment & Wealth Creation Australia | The Michael Yardney Podcast","author_url":"https:\/\/michaelyardneypodcast.com.au","html":"