Bertram Daniel

All about property

Wealth. What is it and why doesn’t everyone have it

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I’m sure you have heard the saying “health is wealth” and by that definition it is clear that wealth is not money. So what is wealth?

Some would say wealth is having enough to live how you want, where you want, with whom you want and more.

Others would see wealth as being rich, being a millionaire and able to build or buy the house of their dreams or drive the car of their dreams and live in the suburb of their dreams in the country of their choice.

Many people would associate wealth with rich people, actors, and pop stars that live in mansions in exotic locations.

Wealth is described as the abundance of valuable resources or material possessions and yet economists describe wealth as ‘anything of value,’ which means that it is different for each and everyone of us. Values are unique to every individual.

If I come from the point of view that wealth is having things of value it is fair to say that many people value having a comfortable lifestyle and doing what they really enjoyed doing.

Taking this a step further to have a comfortable lifestyle you need to have a comfortable home and enough money to live comfortably.

That being the case it may surprise you to learn that the majority of people live on a pension. So you might have a comfortable home and live on a pension but would that afford you a comfortable lifestyle to do what you really enjoyed doing?

Would it surprise you if I told you that one percent of the population owned fifty percent of the assets in the US and I would suggest that it is not that different here in Oz.

What I have learned through my work of assisting people to create wealth is that most people do not think about it till it is too late to do anything about it. Sad but true!

Most people seem to think that their superannuation will give them a comfortable lifestyle, but generally this is not the case. The returns on Super are disappointing to say the least and if you wanted an income of $60,000 per annum in your retirement you would need over $1.5M in the bank.

There are many factors that create this situation but from my experience four things stand out that can address this situation.

  1. The right Mindset
  2. The right Information
  3. The right Strategy
  4. The right Actions

I will address these topics in future posts, but if you have any questions feel free to call me on 0418 31 32 99.

Till next time

Namaste

Bertram

Know your ‘Why”

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Today I thought of a metaphor for mirroring an abundant life.

You are an architect designing a building. The architect has to design the building in minute detail and he designs what the building will look like, feel like and how it would work.  He creates the vision. However he does not build the building, he leaves that to the builder. The builder builds it in the best way possible.

So you are the architect and the building is your life. You create the vision of how your life will look and feel in minute detail. Then you leave it to the builder to let it happen and the builder of course is the Universe. You don’t need to know how, just let it happen. Have the faith and it will all come to pass. Just know ‘Why’ and the ‘How’ will take care of itself.

Namaste, Bertram

The year that was…

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Well, the end of the year is in sight and, while there are still a few deals being done and a few smart investors are taking advantage of the opportunities that desperate sellers at this time of year can represent, I thought that this might be a good time to look back on the past year and see what we can learn from it.

Remember…“To acquire knowledge, one must study…but to acquire wisdom, one must observe.”

Lesson 1.
There will always be doomsayers and they will always want to convince us that “the sky is falling”. The biggest mistake any of us can make is to a. listen to them or b. act on their advice.
Lesson 2.
Whilst we can always make some generalisations about the market overall, every market is different and will behave in different ways. Even during the settling of the market over the past year or so, some suburbs have done markedly better than adjoining suburbs. The key to being an astute investor is to understand what drives the market over the longer term, so you are well placed to do better than the average.
Lesson 3.
No boom ever lasts forever. The remarkable growth in property values over the past 5 or 6 years was in itself a “once in a lifetime” event, and could not be sustained forever. Those who made investment decisions based on an assumption that growth in property values would continue unabated learned a hard lesson.
Lesson 4.
The fact that property values Australia-wide only settled back by 5% shows just how sound the overall market really is. In the longer term, there is every reason to believe that values will continue to double every 10 years or so.
Lesson 5.
At the end of the day, ensuring that you enjoy the best available returns from your investment is less about your timing of the market, and more about your time IN the market.

Cheers,
Bertram

Posted via email from It’s a Breeze Property

The East Bali Poverty Project

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On my travels in December to Bali I made it a point to meet with David Booth the founder of the East Bali Poverty Project, as I had heard about the great work that he was doing for these very poor and uneducated people in Bali. Bali is so well known for it’s destination as a tourist mecca and yet abject poverty exists just a few kilometers down the road. So, with this in mind I met with David and then visited these remote hamlets in the mountains not far from the nightclubs and fancy restaurants and hotels.

What I learned was that the commitment of an inspired individual could in a short period of time turn around the lives of over 3500 families in a poor and illiterate community. It made me want to help and assist and I am asking you to watch this short video in the hope that you too may want to chip in and do your bit. Here’s hoping.

Namaste

Bertram

A Bank

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Native American wisdom:

"Once I was in Victoria, and I saw a very large house. They told me it was a bank and that the white men place their money there to be taken care of, and that by and by they got it back with interest. We are Indians and we have no such bank; but when we have plenty of money or blankets, we give them away to other chiefs and people, and by and by they return them with interest, and our hearts feel good. Our way of giving is our bank." – Chief Maquinna, Nootka

Namaste

Bertram

Posted via email from Bertram’s posterous

About Bertram

I have been working in the real estate and property industry for over 40 years in many roles - as a … Read More

Property Developments

We are very pleased to be able to offer you a pre-release of architect designed homes in a new development called Mernda on the Park. Set in a glorious landscaped development backing onto the new Quarry Hills Park it is one that should not be missed. You … Read More

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It's A Breeze Property Pty Ltd
8 Clay Drive Doncaster 3108

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