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Michael Yardney Podcast

Insightful, educational and always interesting

Listen and learn from Michael Yardney, Australia’s most trusted property commentator and a group of experts as they discuss Property Investment, Success, Money and Finance to help you multiply your wealth.
While Michael is best known as a property expert, he is also Australia’s leading authority in the psychology of success and wealth creation. You’ll enjoy the way he challenges traditional finance advice with innovative ideas on real estate investing, personal finance and wealth creation. 
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  1. All Episodes
  2. Pete Wargent’s 6 Rules for Wealth Creation

Oct 15, 2018

You rarely see psychology discussed alongside business and investment, but I believe that psychology is foundational to entrepreneurial success.

Your mindset matters when it comes to achievement.

In today’s episode, I’m going to chat with Pete Wargent and discuss his 6 rules for wealth creation. Some of them may surprise you.

6 Rules for Wealth Creation:

  1. Increase Your Self-Esteem – People with low self-esteem may unconsciously sabotage their own success, because they don’t believe they deserve it. Work on retraining your brain to think positively.
  2. Think Long-Term – True wealth is built slowly over time. Follow this principle and exploit the power of compound growth.
  3. Study and Counsel with Wise People – If you want to be successful, learn from successful people. Mentors can help you realize your full potential.
  4. Pay Yourself First – Make yourself your first priority. Save and then invest a decent sum first, then pay your other bills.
  5. Control Your Expenditures – You need to know where your money is going. Study your expenditures and see how you can close gaps where you’re spending money unnecessarily.
  6. Take Action – You can’t be successful if you never make a move. Take massive and consistent action and refuse to give up.

Links and Resources:

Michael Yardney

Metropole Property Strategists

Rich Habits Poor Habits

Michael Yardney’s Mentorship Program

Michael Yardney's Property Renovations and Development Workshop

Pete Wargent

Some of our favourite quotes from the show:

“You can change the way you think about yourself, you can change your habits, you can upgrade your financial thermostat, and that’s through personal development.” – Michael Yardney

“Most of what you do all day is unconscious, is at the subconscious level. You don’t even realize it.” – Michael Yardney

“I think the message is spend less than you earn, and then save that difference, and overtime invest that money.” – Michael Yardney

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