Dax Stanley walks through HERA's four-step wealth-building framework: buy income-producing assets, capture cash flow and capital growth, insure everything thoroughly, and stay invested. One client lost $60,000 by waiting on the sidelines instead of committing to the market.
Chapters
Now, how do you create wealth? A lot of my clients ask that, and it's really an interesting topic and there's a number of steps to get there. Hi, I'm Dax Stanley. I help people grow wealth through property investing and just keep growing and growing their wealth into. And it's just a fantastic thing to do. And look, there's mainly four steps that we focus on here at HERA to help you grow your wealth in property. And it really is a number of key things. One is it's the accumulation of assets, okay? You have to be investing, you have to take that big leap. You have to invest into that thing that will actually make you money. And that's goes into the second part. The second part there is all about growth and return. We want both of those. We want a return now, cash flow in your pocket every month. And we want the growth happening at the same time so over long term that it's providing you that safe nest egg for the future. Okay, you get those two right, and you're accumulating your assets. But the third thing you really want to make sure is third thing is really key. It's protection, okay? And we make sure that you have the most exhaustive insurance to make sure that your asset is covered and your growth is protected. That means we need to make sure that you've got malicious damage, willful damage, house and contents insurance, and renting, rent insurance as well. So it really makes sure that your assets protected. And then the fourth and final thing that you really need to focus on is sit there and have the time in the market. It's not worth waiting. We've got a client, Joe, who was looking to buy in February and now in April, in October, he came back to me and said, let's I'm ready to buy, ready buy. Now the market's gone so far that he can't buy what he could buy in February. He could have made over $60,000 in this timeframe. And just not waiting and just jump time is a very key thing. Risk is the other thing, a risk profile. Understanding how much risk you're willing to take right now. And then finally, it's the accumulation of skill. Once you get your first property, you understand it, especially a house and land where you can see it building. You understand the processes, understand how a tenant gets in, how your property manager looks after it, how we reevaluate it and make sure we can pull some money out and pay off your home loan. So reduce your tax, increase your cash flow. You know, you can do trial and error. But you know, having a really good team behind you is critical for quick, fast success in the property market, so I hope that's helped. If anyone you think of needs this help and they're ready to invest in property, please send it to them. Comment below. I'd love to have a chat to you about growing your wealth through the lifestyle blueprint. Thank you.
