When I was a child, People asked "What do you want to do when You grow up". I always said ,"A property tycoon or wealthy business man".
When I got to high school, I could not find them in the careers guide books, I could not even find a pathway to Rock star, Movie star, inventor/entrepreneur or even investor. What was going on that everything you can do in life to make serious wealth, has no defined pathway in a careers guide book for school kids. Priest was in there? So you can make a Career out of renouncing money but not make one out of making it?
You have to learn a job that pays you money instead of just learning how to make money in the first place. Why couldn't anyone tell me how to make money? That Just proved to me that I could not find my way to wealth doing anything that any of my class mates picked out of that book so I started my own eduction to be happy healthy and wealthy.
But i had a problem, you see I really could not read at school and by the time I was in year 10 of my state funded day care and brain washing, I still could not read a page out of a book aloud and have anyone understand what I said!! I was so illiterate at 15 that I remember asking my mate why their was computer parking at the train station! He laughed and it was years before I found out that it was Commuter parking. I actually failed year 10 english and no wonder because I really did not understand the written word at all. I knew that wealthy people write books and the information in these books could not be gotten from any business degree or higher education.
The first book out of school that i read was think and grow rich, I forced myself through one page every night for the year that it took me to read it. That was 30 minutes to read the page and 30 minutes to look up all the words in the dictionary. I still could not say most of the words but I read them in my head the same way and I knew what they meant.
Now I still can not read aloud very well but I am very good at remembering what I have read. When you spend so much time reading something, you make sure you remember it.
My first business was a little successful, I marketed Dominos Pizza stores, I increased sales 300% in 12 weeks at no cost to the 3 stores I promoted before another company stole my idea word for word from my printing company, they even used my artwork. I was young and did not know how to play the game but I trust karma to sort these things out. Sure enough they changed 3 words and one part of the offer which caused their promotion to fail at the other 20 odd stores they promoted. I learned then how important a few words can be to any offer.
I then decided to invest $200 a week of my turnover and spend it on my education. As it took so long to read a book I was careful which ones I started to read. I committed on faith to do at least one thing out of each book, like it or not, that is what I did. I also went to a lot of seminars, at least 2 free ones a week and some paid ones. If i did not have the money for the seminar I would sell something I owned or put it on my visa but I knew I had to get the information fast. Things were a bit slow when I was 23 and nothing big had happened yet. I had read the books but something was missing.
I decided to get some professional advice and I got one of the best financial planners in Brisbane to come a talk to me ($500 per hour, so I thought he would be good) and see if he could steer me in the right direction. Well the first thing he did was ask when I wanted to retire? and i very quickly replied, "At 25 Years old". As this had been my goal since 18 years old and it was still looking doubtful which is why i had called him. He asked how old i was now and then proceeded to tell me that he could not make that plan for me and why it could not be done in just 2 years!.... I did it anyway!. He never billed me for the lack of advise.
Then I chanced on a seminar that showed me how to borrow money and this was the last bit of the puzzle that was missing, I then proceeded to buy my first house. Then I brought my second house at 24 and my 3rd 6months later and my 4th house at 25 years old. Now a rising tide floats all boats and so my business was the largest contracting business in my industry by volume of work and my share portfolio was make cash on cash. Now I had just made 1000 000 dollars in real-estate in 2 years not to mention my other investments, so I retired.
I did not from life but from working for money. People say why didn’t you keep making money and I would have a lot more money if I had stayed in the game. However my parents were retiring and they had less money than me, so that’s what I did!
I was very used to being the youngest person in the room but when I retired I was the only person in the room. I went on a world trip and a cruise ship 1/2 way around the world and found out that no one my age does that! My wife and I were constantly being asked to get old people drinks and we were the only people in the night club after 10pm!!
So I decided that more young people need to know this stuff. Why wait till your old to enjoy your life?
Now of course life happens to everyone, Sometimes it just rains on your parade and now I don't have the same money that I used to have but I have far more wealth. The fact is I gladly swapped all my investments over the next ten years for time with my kids as they grow into fine young men. I was the only Dad in the room most of the time, I was there to take them to and from school and what price is that worth. I spent 10 years working on the happiness side of my life, for my efforts I think I have been rewarded with a great relationship with my kids and my ex wife. Unfortunately my wife and I had to part ways but I still love her and we are still functional parents in the children's life which is another thing that money can not buy.
Also If I had stayed at the table and kept my investments I could have been like so many people and lost it all in the GFC anyway. You just never know and after reading my book you might realise that you really just have enough money and you to should work more on one of the other pillars of life.
Now I am starting a new chapter in my life and a new business, you can find my on youtube at Pacific Trading Post. I am moving to live in Vietnam in 2020 and start a ethical importation business that is trying to put thought back into global trade.
I also have a economics thesis that i am working on but as yet I have not found anyone to supervise my thesis. In fact I sent my thesis question to QUT university and they kindly replied that they had nobody qualified to supervise my proposal. I actually started a masters degree with this sole thesis being the objective of my many hours of brain washing at UNI. I mean I stood up in a lecture when my economics professor said in all seriousness that, "the roll of a economist is to sustainable growth between 3 and 5 %" THATS per annum.... Now I never did do a undergrad degree and so I though maybe I had missed something being that I was accepted straight into a post graduate masters course with QUT. So I asked, "Excuses me sir, can you explain what is sustainable about a compound curve of 3 to 5% ?" ................ He seamed not to understand the question and after class admitted that he did not understand the question. He then referred me to the head of the department. That is when I decided I had better put my thesis question forward because no economics graduate should ever put sustainable and compound growth in the same sentence on a planet of finite resources........
Anyway 300 students in that class will now be out advising politicians and cooperation about financial principles with foundations in their understanding that are clearly wrong and fundamentally flawed. So after they rejected my proposal to research a subject that clearly nobody has much understanding of, I decided I was heading in the wrong direction. If you can help shoot me an email my address is in the book.
Well I really hope my book helps someone and if it helps you please leave a comment or review, track me down on facebook and youtube and lets build a better world for everyone.
Lastly People often ask me to just tell them how I made money or what I am investing in now but that is like trying to teach someone to swim by talking about it for 10 minutes in a airport lounge.... It can not be done and the person will probably drown if you convince them to jump in a pool without any help. So you should definitely get a mentor in life but almost all the business coaches out there have never been in a pool!!! So be careful who you trust to help steer your ship. I definitely would not rely on someone who is solely a talking head on youtube, it is so easy to rent a nice car, coat and house for a day to make yourself look like something you are not.
These are my basic rules to getting advice to be Happy healthy and wealthy (just by the way these three added together = wisdom)
- Don't get advice from anyone who has not done what you are trying to do
- If you want to be healthy you would not take health tips from a chain smoker and so don't trust your finances to someone who is not worth more than you.
- Interview your profesionals, ask your accountant how much money he actually has and how many properties he owns, ask him if he owns his nice car, how much its worth and what he owes on it. if he won't tell you then don't let him near your finances.
- Don't trust talking heads that are not prepared to do anything but elude to having money.
- If people you love are saying that you are going to loose your shirt, that just means they love you unless they have done exactly what you are trying to do and have been successful at it.
- Don't buy products from people who sell information, in other words don't buy investments that your accountant recommends or that the seminar you went to is selling at the back of the room, unless it is more information.
MOST IMPORTANTLY - Be a student and not a follower!! you will read 10 books on a subject before you find just 2 people who know what they are talking about. Out of those two you will actually just plain not like one of them and spend most of your time disagreeing with the way they talk to learn anything. So if one out of ten books will teach you something good about a subject you need to read ten books before you will have any idea about that subject. I have never had anyone ask me what ten books I recommend but even if they did the same rules would still apply. So my reading list is in the back of my book if you want a guide.
Best Regards
Success is a choice, Make it yours today and read this book or read any book.
Peter Johnson
PS There is so many business seminars now days that tell people to write a book or start coaching people in business when they know nothing about business and often have never run one. They gain credibility by writing a book but I hate authors like that. I am not one of those authors, my ideas are written by me and I have the runs on the board in what I am talking about.