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GOAL 4: STARTING A PROPERTY BUSINESS

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After Renee and I got married we began to set some goals together — things like building up to a family, buying a dream home and creating a secure financial future. With that my successful investment strategies were formed at last. I'll tell you about those in chapter 6.

I had built up a cashflow-positive portfolio, and the rental income from my properties had actually replaced my teaching salary before I left the nine-to-five behind at age 40.

So I had a positively geared property portfolio that was paying me over $100 000 a year, and I had also set up my buyer's agency while I was still teaching. I had a lot going on — and three income streams.

At the time, growing my business along with my portfolio happened organically.

These days a lot of people ask me why I work as a buyer's agent and teach others about property when I have such a big property portfolio. Why don't I just retire and keep adding to my portfolio? But the reason for starting Aus Property Professionals was to help other people replicate my success and to show people how it can be done. I now employ a number of people in my business, so I am also creating jobs.

My why was to help other people see the bigger picture and create financial freedom through property. The best thing about what I do now is that I'm combining my two passions: teaching and property investment. Though I retired from a career as a schoolteacher, I still get to enjoy the element of teaching.

I feel very lucky that I have multiple sources of income, knowing that if something happens to my business, I'll always have the income from my property portfolio to fall back on. So I'm never stressed about money. I used to be. I know what it's like to have no money; I worked hard to put myself in a different position. That meant a lot of going without, working hard to save, setting a plan and believing in myself.

So I know it can work for you, because I've seen it work for me.

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