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What does Scott do?

• Lots of people know how to earn but not manage it
• Focuses on how to invest and multiply money
• Found the property market to be lucrative
• Went from 0 to 16 properties in 6 years

Why invest?

• Scott reached a point in his 30s and imagined into the future
• He realised that he needed to save and invest his money
• Most people don't want to give their money to an investor or expert
• It took Scott about a year and a half to understand the property market

Scott's 3 criteria for finding a mentor

• Does this person have proven results?
• Have they helped other people and been successful?
• Do they know what they're talking about?

What about debt?

• Scott says there needs to be a shift of mindset to knowing debt is not scary
• As long as an investor finds a tenant, the debt will pay for itself
• Out of his hundreds of clients, not on person has had a problem finding a tenant
• Scott says property investment isn't even a risk

Relationships with money

• Many of us have negative emotions surrounding money – sadness, guilt, anger
• We trade time for money, and circumstances sometime rid us of our time
• If we can confront our fears around money and develop passive income, we can feel safer in unforeseen circumstances

Breaking down property investment in a nutshell

• Property grows at about 6.8% for the last 25 years
• If you find a property at or above the average growth rate, you will approximately double property value every 10 years
• When you sell that property, you can then buy more debt free

How does Scott invest many people's money?

• Scott and his business partner find profitable properties
• They then make a group negotiated deal which includes speaking to developers and negotiating a deal when multiple properties are bought

Rule of 70/30

• Properties gain 70% of their value in 30% of time

Scott's Top tips

• Find an expert
• Talk to multiple people to give yourself the best chance of finding a match
• Use the internet and resources to educate yourself
• Be honest with yourself about how much you can invest
• Set financial goals
• Take action and get involved to gain that initial momentum

Links and recommendations:

Freedom Property Investors -

https://www.freedompropertyinvestors.com.au/

ELEV8 Business -

https://elev8business.com.au