This book is a must for business owners and investors!
How to Achieve Wealth for Life represents the third instalment of the Road to Wealth Series by Tony Melvin and Ed Chan. With their usual simple style, Tony and Ed show you more than just how to invest in property – you’ll discover a self-sustaining wealth creation strategy for life and it will change the way you look at property and finance forever.
If you want to retire early or you’re trying to accumulate as much wealth as possible, then get ready for a rocket ride because this book explains how to do it using little or none of your own money.
And to prove it can be done by anyone, the Inspiring Real Life Stories will not only amaze you, but move you to action.
Here’s a taste of what’s inside …
- Common myths about investing.
- Why you should never pay off your home loan.
- Why the size of your assets matters.
- Why rental returns are not important.
- How to survive rising interest rates.
- A real answer to the nonsense argument of property verses shares.
- How to use your equity to fund your lifestyle.
- Why it’s never too late to start, with inspiring real life stories.
Buy & Read How to Achieve Wealth for Life Today!
Learned about the concept of using equity to fund deposit and funding costs by reading this book. 12 months down the track applying to release more equity for funding costs has brought home the reality of this concept. Ensure you purchase a capital growth property or this method will cause doubt. The cost of fully funding quality property this way uses equity very quickly. We will need to supplement this strategy with our own cashflow which is really not what this strategy is all about. Was hoping to add to portfolio using this strategy as prefer property to shares but equity in PPR used far too quickly to go again.
HI Andrew,
Thanks for the comment.
The strategy is not a 12 month strategy. The first sentence in the book is “This is not a get rich quick book.”
The whole strategy is based around a 20 to 30 year plan of building your asset base. The book also cautions you of using too much equity in the beginning and allowing it to build and keeping it safe.
The fact that you have gone out and taken action is commendable. I suggest now that you have experience I’d re-read the book.
Whatever results you have gotten are valuable if you continue to learn and follow a successful pattern.
Cheers
Tony