Welcome to 2024: The year of Possibility and Optimism

Oprah Winfrey

Let me start by saying how much I absolutely love this time of year.

Not only is everybody more relaxed and hopefully well rested, but there’s also a palpable feeling in the air that everything and anything is possible.

Regardless of what we may have experienced last year, whether they were good times or challenging times, the New Year is the beginning of an opportunity to turn the page and start a brand-new chapter that is filled with hope and vigour for what lies ahead.

Yes, we can certainly carry with us lessons, pride and wisdom from our past experiences, but how wonderful and exciting is it that we can go into 2024 with a fresh, clean slate!

And where does all this hope and positivity come from? You.

Napoleon Hill, Think & Grow Rich

If you approach this year as a new person with a new attitude, one that is resolutely determined to make a difference to your financial wellbeing, I know from my own experience, you are giving yourself the best possible chance to succeed in every area of your life.

Become a goal-getter, not just a goal-setter.

I often talk about the importance of setting goals, but I’d also encourage you to look at developing a success mindset that propels you to keep reaching for your goals.

Even making the smallest differences to everyday habits can help you make this all-important shift to becoming a goal getter.

Barry Gallagher

3 steps to setting up a successful 2024

  1. Learn more about how money and wealth building really work.

    Talking about money is still considered somewhat taboo, which when you really think about it is a little strange in a culture when even the most private things are up for discussion on social media. And yet money is fundamental to our sense of security and wellbeing. Give yourself permission to learn everything you can about wealth building. Surround yourself with people who know more than you, don’t be afraid to ask questions such as how they became successful – and read, read read.

  2. Read your way to life-changing wealth

    I’ve been very honest and open about how reading has completely changed my life and continues to do so every single day. One book I believe is one of the best you’ll ever read is The Science of Getting Rich – How to make money and get the life you want”, by Wallace D Wattles.

    The book tells us that there’s a certain way for actually achieving things you desire and is virtually a textbook guide to the scientific process of learning to do things in a particular way in order to acquire riches.

    This little gem of a read also talks about the power of thought and how the way you think can lead to great success, which is something I am very passionate about.

    It also teaches us to be grateful for all the things we have already – a beautiful sentiment indeed. Two other important things the book teaches us are Becoming a Creator rather than a Competitor, and Abundance.

    Other books I highly recommend are:

    “Rich Dad, Poor Dad” by Robert T Kiyosaki

    The central message of the book revolves around the importance of financial education and the need to break free from the cycle of working for money, as opposed to having money work for you. Kiyosaki advocates for financial literacy, teaching readers about assets and liabilities, the importance of entrepreneurship, and investing wisely to achieve financial independence. It also explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.

    “The Richest Man in Babylon” by George Samuel Clason

    Countless readers have been helped by the famous “Babylonian parables,” hailed as the greatest of all inspirational works on the subject of thrift, financial planning, and personal wealth. These fascinating and informative stories set you on a sure path to prosperity and its accompanying joys. Acclaimed as a modern-day classic, this celebrated bestseller offers an understanding of-and a solution to-your personal financial problems that will guide you through a lifetime.

  3. Surround yourself with the right people

    When you’re looking at the year ahead, take a moment to think about your existing friendship groups. So often we allow ourselves to just go along to get along, and never really consider whether or not the people we’re surrounding ourselves with may be affecting us in a negative way. This is a very personal topic and I’m not suggesting you disassociate yourself from people you may have known for years. But consider expanding your network, make new friends or become acquainted with people who lift you up, motivate you and challenge you to be your best self.

    Every time I get stuck in my career and business, I find new friends. They bring new ideas and new opportunities to me which helps me achieve breakthrough results.

    Finding a mentor is an excellent place to start. Seek out people who are already getting the results you want.

    As Tony Robbins says, “When you actively choose to surround yourself with people who make you happy and who share your ambitions, it elevates the standard of what you will or won’t tolerate in your business and your life. Your goals and dreams are worth it – once you believe that, you’ll be unstoppable.”

A quick snapshot of 2024

As you go about setting your ‘wealth resolutions’, I will leave you our thoughts for what 2024 looks like for property investors.

Rental market still very tight so rent will continue to increase.

Population increases and very high construction costs mean very low supply (all the more reason for you to be more proactive)

For those renting, this is your year to get into the market

♦ Great time to get serious about Rentvesting

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