Pete Wargent - Take a Financial Leap: The 3 golden rules for financial life success

TAKE A

FINANCIAL

LEAP

The 3 golden rules for financial and life success

TAKE A

FINANCIAL

LEAP

The 3 golden rules for financial and life success

Pete Wargent

This book is written to provide competent and reliable information on the subject matter covered. However, the author does not operate as a licensed financial advisor. This book is written on the understanding that the author disclaims any liability from the use or application of the contents of this book. The reader should always consult a financial advisor before making any investment decisions.

Copyright Pete Wargent

First published 2015

Copyright remains the property of the authors and apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission.

All inquiries should be made to the publishers.

Big Sky Publishing Pty Ltd

PO Box 303, Newport, NSW 2106, Australia

Cover design and typesetting: Think Productions

National Library of Australia Cataloguing-in-Publication entry (pbk.)

Dewey Number: 332.02401

National Library of Australia Cataloguing-in-Publication entry (ebook)

Dewey Number: 332.02401

10 percent of the authors proceeds will be donated to the McGrath Foundation in aid of furthering breast cancer research and support.

This book is just like Pete: clear, organised and intelligent with an easygoing style. The valuable information within is actually a how-to manual or blueprint for how to escape the rat race and live a life of financial freedom...written by someone whos actually managed it. What an achievement!

Michael Yardney, #1 Amazon best-selling author and voted Australias leading property investment advisor.

After thoroughly enjoying Petes first two books, I once again learned effective strategies to get ahead of the game. Pete conveys his messages in simple terms that are easy to understand and gives you the tools to create long term wealth. Another great read!

Jonathan Giles, AFL player, Essendon Bombers.

Congratulations on your decision to buy this book! If like me youve read Petes previous books, youll have high expectations...and you wont be disappointed! Expect sensible, practical, and well-articulated strategies to follow all the way to financial freedom, from a man who has done it himself.

The first time I met Pete, he told me very simply that investing is fun. Whether or not you agree, it shouldnt be a mystery. And with this book in your hand, it no longer is. Im excited for you. Big things lie ahead!

Jacquii Alexander, four time elite fitness World Champion, and owner of a multi-million dollar property portfolio.

Contents

Compound interest is the greatest mathematical discovery of all time. Albert Einstein.

The life of your dreams

We all have a dream of the way we would like our life to be. All of us want to experience happiness and to lead a great quality of life. Yet for too many, dreams become watered down over time by the realities of everyday life or even forgotten about completely. Instead of trying to figure out ways to accomplish their dreams, people too often become side-tracked by trivialities and fail to recognise the bigger picture or put detailed plans in place to achieve their longer term goals.

All of us would like to chase our dreams, but life just seems to get in the way. People do not seem to have enough time, money, enthusiasm or holidays. Jobs can be unfulfilling and instead of experiencing the true pleasure of living a life once dreamed of, people compare with envy the quality of their lives to that of their peers.

There are 3 golden rules for multiplying your results.

In order to maximise your awesome potential and multiply your results, you need to understand why this occurs and exactly how to action the changes you need to make in order to design the life that you once dreamed was possible. You need to raise your standards above the mediocre or humdrum, change the limiting beliefs that are holding you back from maximising results and implement specific new strategies that can help you to achieve your ultimate goals.

There are three golden rules which you can use to multiply your results - not only when investing in property or shares, but also in business and indeed in all areas of your life. If you can master these three golden rules, what you can achieve may be almost limitless. These three golden rules are:

Golden Rule #1: The 80/20 Principle - most of your results will be derived from a handful or vital few of your decisions and actions;

Golden Rule #2: Snowballing your results - understanding and then using compound growth; and

Golden Rule #3: The Pleasure-Pain Principle - what you link pleasure and pain to will determine the way in which you act and thus your results.

In this book I will show you how you can first understand and then apply these three golden rules across all areas of your life in order to massively improve and then continue to multiply your results to a level above and beyond what you may have believed to be possible.

Getting out of the rat race

I am the author of two previous books on personal finance and investment, the co-founder of a property buying business with offices at Mayfair in London and Martin Place in Sydney, and an investment mentor. I built a significant net worth for myself from scratch, quit my career job when I was 33 and have been a business owner since that time. Over the years of mentoring and coaching my clients, if one question seems to be asked of me more than any other, it is this:

How quickly can I be financially free and retire?

Now here is the thing - I believe that the traditional concept of retirement is old fashioned and somewhat out of date. In decades now past folk typically worked from a young adult age until they hit 65, often in one career or even in only one job for one employer, and then retired on their pension for a short while before shuffling off this mortal coil.

That is not really how it works any more, and nor should it be! It occurs to me frequently that if your goal in life is retiring as early as possible, then it is quite likely that you are working in the wrong career, or at the very least you are engaged in a job or role which does not genuinely inspire you. The part of your life which is your work should be something which gets you out of bed each morning excited, passionate and raring to go!