Brad Sugars

Now, the first year or two, you might need to put in $1 or $2 every month to pay the mortgage until the rent goes up enough to cover the mortgage and all expenses.

But that's essentially real estate.

Buddy, Carlton Sheets, when I was a kid, he was the first late night infomercial real estate guy.

And Carlton Sheets just said, you got to buy 20 houses.

And so I was like, okay, I got to buy 20.

And at that stage, I worked out I could make enough money to get a deposit every two and a half years.

Like my extra income, I could get every two and a half years.

And then I got to a point where I had enough money every year for a deposit.

And then I got to a point where every six months and then every three months and then every month.

And then I got to a point where I got to buy bigger buildings.

So, you know, but if you think of your business or your job, the purpose of your business or your job is to make enough money to get a deposit.

If you get a deposit every year, you're set for life.

10 properties will set someone up for life.

20 will make you rich.

It's very achievable for most people.

But most people live on 103% of their income.

Yeah.

So when I was young, Buckminster Fuller said it.

He said, you define wealth by number of days forward.

Wealth meaning how many days can you live at your current expense level if you stopped working?