Does 10 years seem like forever? In fact, it rolls around much faster than you think.

When a new mentoring client starts with me, the first thing we do is make a 10-year plan.

What we find every single time is that taking small steps now create big rewards just down the road.

In my best-selling book Property Quadrants, I take people through the four ways property works.

This explains how quadrant one (your family home) is an emotional purchase. It’s not an asset, it’s a liability because it costs you money every week. Yes, you will eventually make some capital gain (money on paper) but that can only turn into cash if you either sell or borrow, both options making you cash poor by costing you more money every week.

QUADRANT LESSONS

Quadrant two is buying the wrong investment property, which around 95 per cent of property investors do because they take what they experience (not learn) from buying in quadrant one and apply it to their investment purchase. Wrong. This leads towards being cash poor as you now have double the money going out every week.

Quadrant three is how to make active income in property. Most people don’t realise you can make money with no money, do joint venture deals, flip property successfully every time with my simple flipping formula, do investor deals or vendor ventures.

This active income can be used for deposits on property, consolidation, buying your lifestyle toys without bad debt, replacing your salary and, ultimately, giving you back your time.

Quadrant four is where the gold lies. Creating a portfolio of property that gives you positive passive income. That is money in your pocket every week after expenses are paid. It’s just a case of looking for the right property using my Property Quadrants™ formula. The huge learning for me when I discovered Q4 was that I only needed two or three properties to make hundreds of thousands of dollars in passive income.

DREAM LIFESTYLE

When you fully understand how these quadrants work, you realise that you can feed each quadrant from the other and make as much money as you need to live your dream lifestyle.

Taking a small action now, like reading my book, networking with investors, joining a group, taking an online course or getting a property mentor with a proven success record can fast-track your lifestyle and save you years of stress and hard work.

Drop me an email or give me a call if you would like to talk about what small steps you can take now to fast-track the results you want to achieve in property. I love to help.

Nichole Lewis is CEO at The Property Lifestyle, an international best-selling author, property mentor, public speaker and passive income expert. Creator of Property Quadrants™ formula, she helps people replace their salaries with passive income. Contact Nichole to talk property and see how she can help you nichole@thepropertylifestyle.co.nz, 021 582 107, www.thepropertylifestyle.com, www.nicholelewis.com