it is generally accepted that people who have clear, specific, written goals are far more likely to...
TRANSCRIPT
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It is generally accepted that people who have clear, specific, written goals are far more likely to succeed ... ... than those who don’t.
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Fail to Plan
↓Plan to Fail
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The Results of Goal Setting
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11:03pm, 31 Dec 2012
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Plan and Grow
237 GRQ = Get Rich Quick
• I wanted something but I had no goals
• Over the years I tried everything
• Shares, futures, share options, gambling, horses (Billy Rose)
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Plan and Grow
• Read Bill Nickersons book “How I turned $1000 into $5 million in my spare time”: Library Quotes
• First goal:– Buy an investment property
• Went out to buy a rental house in a sleazy suburb…Hawthorne
• 1971 and the price was…???
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Plan and Grow
• $7,000!! Went to the bank…– They said NO
– Credit union and building society said no to house but yes as a personal loan!
– One said $3,000 but only for say…furniture
– Another said $4000 but for say…a car
– I said but I don’t want furniture and a car…
• Maybe I do. $3k + $4k = $7k
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Plan and Grow
• And I do need a house to store that future car and furniture…so I got my first house…& bikies
Lessons
• Bikies don’t mow lawns
• Depreciation, tax deducts, finance, property management,
• Bikies like black, HOG’s, BBQ’s
• Capital gain…sold for $12k
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Plan and Grow
1985: The Tipping Point
MLC = Mid Life Crisis +
MCC = Mid Career Crisis
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Plan and Grow
• Sad-Mad
• Started my search
• Mind Power
• Goal setting/action plan course
• My life changed
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Plan and Grow
GOAL:
• To leave work within 7 years
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Plan and Grow
GOAL:
• To leave work with $1 million dollars
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Plan and Grow
GOAL:
• Learn how to write:
• Did a creative writing course
• Did a journalist course…look for the conflict!
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Plan and Grow
After the Mind Power course and all the goal setting I achieved more in 6
months than…the previous 10 years!
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Plan and Grow
Took control of mind and control of finances
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Geoff’s ‘road to wealth’
1985 Took control of mind + finances
21 years 7 years
1992 Left work.
Property: $1.25m
Bought first
house
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Plan and Grow
Breakfast (time) !
Every Friday:
• 3 hour breakfast starting after people have gone to work
• Sometimes followed by 1 hour massage!
• And then go out and look for property
• I bought 3 houses with my super payout to create an income (for the banks)
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Plan and Grow
I sought a Seminar Role Model
Whatever he said to do I did
Wrote a book & created a workshop in 6 weeks!
I achieved my goal and held a property seminar
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Plan and Grow
• Paul was at my seminar
• 4 properties in 15 years
• 6 properties in 11 months…loser!!
1999: How I met Fast Track Ferrari
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Geoff’s ‘road to wealth’
1985 Took control of mind + finances
21 years 7 years
1992 Left work.
Property: $1.25m
Bought first
house
1998 Met Paul. Property: $2m
2003 Property: $10m
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Plan and Grow
• Watched what Paul did …
• My Reno Role Model
• Did JV’s with Paul
• Held instead of selling
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Plan and Grow
• Paul was developing
• I owned development sites
• Paul said “Geoffrey you gotta build something!”
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Plan and Grow
• I did a development course
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Plan and Grow
GOALS:
• To do first development
• To have 100 properties
• To receive $1m in rent
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Plan and Grow
10 x 1 bedders$1million capital gain
My first development!
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Geoff’s ‘road to wealth’
1985 Took control of mind + finances
21 years 7 years
1992 Left work.
Property: $1.25m
Bought first
house
1998 Met Paul. Property: $2m
2003 Property: $10m
2005 Did development course.
Property: $13m
2013 Property: $27m +
13 year
s
8 year
s
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Plan and Grow
It’s now 2013:
• $27 million in property
• $1,100,000 in rent
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Plan and Grow
I FAILED!!!
I only have 57 properties!
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Summary
So what didn’t work?BikiesToo little researchHolding vacant landMy J.O.B.‘Buy and Pray’ methodDesperate LandlordingTrying to be an expert in everything!
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Summary
So what worked?Beating the F.E.A.R: Mind PowerGoal setting and taking actionControl my finances: MoneyfinderAdding value with renos: PaulAdding value with developmentsGetting a ‘street smart’ educationHaving the ‘A Team’Turning Property (my passion) into my hobby
(fun)
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Summary
What’s next for you!
Look at where you are!Plan where you want to be.Set your goals…Decide where your Roadblocks are.Decide what needs to change!Find the information or Role Model to make that
change.
Take Massive Action…Now!
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Property Success
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Who is serious about being
really successful in property?
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Do you really want to
create change in your life?
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Property Intensive Program
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Property Intensive Program
1. Priority Access to the Reno Kings through direct personal mobile phone access
2. Full Email Access to Justin, Geoff & Paul
3. Have the Reno Kings Inspect Your Property for You
4. Two (2) Live On-Site Tours to Renovation and/or Development Projects in Progress
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Property Intensive Program
5. Membership to Our Exclusive Mastermind Group
6. Six (6) Intimate Half-Day Classes for Property Intensive Members Only
7. Live Monthly Property Intensive Teleconferences
8. Full Membership to Property to the Max for 12 months
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Property Intensive Program9. Assistance with planning, scheduling,
troubleshooting & problem-solving your renovation & development plans
10. 12 months Full National RPData Access
11. Personalised Support Services Quality Australia-Based Support Person Your Own Brisbane Buyer’s Agent Your Own Newcastle/Hunter Buyer’s Agent
12. Buyer’s Agent Commission Slashed
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Property Intensive Program
13. Done-for-You Floorplan Critique
14. Video Hardpack Library
15. Two (2) Seats for On The Buses Mobile Workshop
16. Bonus Research & Planning Tool : iPad mini 16GB with Wi-Fi + 3G
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The Property Intensive Program is for people who:
• want to get to the next level in property
• want to work closely & intensely with the Reno Kings Team
• want to be held accountable for making progress
• have a track record of success
• are highly motivated and self starters
• are fun to be around
• and want to hang around with like minded people
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Property Intensive Program
Your Investment :
$19,947
OR
12 monthly instalments of $1,997
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Property Intensive ProgramMembership is by application only
• When you apply, the Reno Kings will talk to you after the workshop about your application
• Both the Reno Kings and you need to be happy that you can work together for the membership to proceed
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Property Intensive ProgramMembership is by application only
Applications are being taken this weekend for the next intake
To be considered for the program, please submit your application before you leave this afternoon
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