When Michael Yardney began his investment journey at the tender age of 19, he teamed up with his parents.
“I was still at university and working part-time. I wanted to get into property but couldn’t afford to do it on my own, so I convinced my parents to buy a property together with me,” he says.
That first property became Yardney’s favourite investment, as it generated considerable growth through inflation and became the stepping stone to building an extensive portfolio.
Michael Yardney
Quick capital growth in his first property helped Michael invest in his second property sooner
He also supports many charities, on the understanding that one’s bank account is not an indication of true wealth.
“It took many years for me to learn that true wealth is what you are left with when they take all your money and properties away,” he says.
“It’s your health, your family and friends, your knowledge and mindset, your spirituality and your ability to contribute to society.”
Purchase of first property =
1973Age when he first invested = 19
Years investing = 44
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Original post: http://www.yourinvestmentpropertymag.com.au/property-tips/the-truth-about-wealth-244093.aspx