Property Secrets Of The Rich

Property Secrets of the Rich by Kerry Packers former accountant

Allan Mason

Book Outline

For readers of Rich Dad Poor Dad and those who want to join the property ladder to become wealthy.

The bestselling author of Tax Secrets for the Rich by Kerry Packers former accountant

From first home buyer to property mogul: mastering the Australian tax system to create property wealth. It is written by an accountant who draws on his 40 years of expereince and actual case studies. It is not a sales tool selling courses or off-the plan properties. It is an education book on how to use the system and even covers some of the pitfals.

This book will teach you how to navigate the complex world of property investment in Australia to secure a comfortable retirement income - and yes use the tax system to help you get started.

PROPERTY SECRETS OF THE RICH is an empowering guide to riding the property wave and building lasting wealth. This essential guide reveals how to leverage the tax system and the power of compounding to transform your financial destiny, just like the rich and powerful have done for generations.

Whether you're a first-time buyer or a seasoned investor, PROPERTY SECRETS OF THE RICH offers tailored advice specific to various life stages, from early working age to retirement.

From using the tax system to your advantage to understanding the key strategies for wealth creation at different stages of life, this book provides practical tips, future projections, real-life case studies, and expert advice on how to build a successful property portfolio. To create enough passive income to say goodbye to your job. To take back control of your time and your life.

This book is a must-read for anyone looking to achieve financial independence through property investment.

Inside, you'll find:

• Proven strategies for using property as a wealth creation tool
• 10 tips to break free from the poverty trap
• Future projections for the Australian property market
• Should your first property be an investment property or your home
• Age-specific investment strategies
• How to build a property portfolio worth over $24 million with a $200,000 deposit
• 10 tax tips to maximize your property investments
• Real-life case studies, graphs, charts, and financial projections
• Common pitfalls to avoid and how to get it right

 PROPERTY SECRETS OF THE RICH empowers you to use the tax system to your advantage, creating opportunities for wealth that you never thought possible. If you wish you'd known these secrets before, now is your chance to make a difference.

Book Synopsis

Australian’s have a love affair with property. More than any other country home ownership in Australia is one of the highest in the world. But is that about to change. We are presently experiencing an unprecedented change in lifestyle where the cost of home ownership is becoming harder and harder as prices reach all time highs. Are we simply moving to a new norm in house prices that is no different to what has occurred in the past. Even with the current boom in property, investors are increasing their portfolios. The book explains a formula that you can apply to lead a fulfilling and rewarding life. 

The tax system is heavily slanted to providing help if you know how to use it. To many this will provide the stepping stone to create wealth for yourself and your family. To have sufficient funds to say no to any form of government support.

While we all know the tax system can be a problem in saving for retirement. When you make a profit you must to give an increasing percentage (as you move up the progressive tax table) to your silent partner, the Australian Taxation Office. To make things worse they never send you a thank you card. In a post Covid world with the massive debt faced by the Australian Government taxation is increasing at a rapid pace. It must, as Australia has a massive debt that must be repaid.

So how do you get ahead of the curve. Picture yourself standing by the seaside as the tide begins to roll out. The more your move into the water, the quicker the tide moves away from you.  This is exactly the problem first home buyers or people trying to get on the property ladder face.

The answer is to use the system. Ride the tax wave and use the momentum to get that free (tax subsidised) ride. Use the tax system to give you that extra boost. Both the tax system and the power of compounding will help you create wealth. This book will show you how to use both which is exactly what the rich do. They are not victims of the system but masters of it.

It walks you through how rich people like Kerry Packer were able to master both wealth creation secrets and then use the tax system to aide in compounding this (not hinder it). How to use some clever tricks in the tax system to assist you create wealth rather than take it away from you. It lists some the strategies that are proven to work. At different age groups these strategies that will vary.  You will have the tools that many others have used. These tools are backed up with real life case studies, graphs, charts and financial projections. Actual examples of what others, including the writer, have done to become independently wealthy. It is no accident that wealthy politicians and those in power originally designed the system for their benefit. You too can use it to your benefit.

To create wealth, you have three major tools, the property market, the share market, and superannuation. All play a key and very important role. All have a time when each will play a part and then need to be swapped for the other. From a young person starting out to someone close to retirement the strategies will vary. Then interfaced with the taxation advantages to push you forward or disadvantages to hold you back. Who ever said the ride would be smooth. If it was everyone would be doing it. But it is not. The surf throws you dumpers, the tide or wind changes. The path is complicated tricky and fraught with error, which may not always of your own doing. All the more reason that you need help if you are even to mount the first wave, not to mention riding it all the way up the beach.

This book is a must read for those seeking to secure a retirement income for themselves and their family. I only wish I knew these secrets when I was 20 years old. You may also have that same wish.