Interview With Roy & Katrina On How to Build a Financial Fortress
Roy: That is the key. That is surrender and that is a certainty and we yearn for that certainty and connection to know we have a financial fortress and I know you asked that question, “What is that?” Well, we put it into kind of mathematic formula, just like some numbers. A financial fortress is having between a million to two in residential property, depending where you live, but in different countries, in different states, and in Sydney, you know, that’s a standard house. In Albury-Wodonga, you know, that’s a massive, massive house. And it can be a number of properties.
In commercial property, you have a million to two in commercial property and the main reason, the yield is higher, it’s passive income, and it’s just an important structural thing to do, which we cover in our programs. And the third area is your super fund or kiwi fund in New Zealand or 401K in America. Whatever, whichever, it’s very similar, they’re pension funds. And we teach people to have your own management on that and million to two in that fund because it’s a very safe place. It’s lower taxed, usually and you can buy property, trade property, you can control that.
And below, there’s probably a lot to learn in those three situations – residential, commercial and super fund. Give you somewhere between three and six million dollars. So, it’s not $100 million dollar, it’s not out of reach. It’s quite achievable for someone who is serious about this. Understand this is not a get rich quick, this is a get wealthy slowly and keep it to plan. It’s something you’ve got to be diligent at. Like Katrina and I, $200,000 or $300,000 income’s plenty for us.
We have trouble spending money but seriously when you own your house, when you own the things, you know,. Our money we spend on like travel and coming to things, you know …
Ian: Tell me about horses!
Roy: Yeah, they can eat a lot and, you know, the company provides the cars, the mobile phones, the things. So, how much food can you eat? How many cars can you drive? How many watches can you really wear? You often don’t need anywhere near the amount of money that people think you need but what there is, is a fear around the scarcity of not having enough and not having enough time to do it, and particularly if your only intention is to swap your life for money and the clock’s ticking, you’re going to run out. And Katrina’s got some terrific things she’s doing just by herself and nothing to do with me. And she’s got a little gold there, she’s doing some property, entrepreneur things, where she’s taking leases on properties and renting out the rooms and stuff and she’s done her first one, the second one’s now underway.
And her goal is ten of these and she’s going to produce about $180,000 a year just as a little passive income, I’m just so impressed. Then she can take care of me, you know like …
Katrina: We’re always, believers Ian that if you’re going to be sharing anything, you need to be doing it so we’re always trying new things and different strategies and, you know, you got to keep your hand in.
Ian: True. Now look, thank you for sharing these insights and I’m sure the people that have been watching have found this very valuable. Now, you’re coming to New Zealand on the 27th of July and so my guess is you’re going to be teaching a little bit of these principles there at the training, if I’m correct. So, how do people actually, well, firstly, if they would like to attend what are they going to get out of it if they come and join you on the 27th in Auckland?
Roy: That’s a great question and time is their greatest asset so we want to make sure this is valuable when someone turns up. Firstly …
Ian: That’s why I’ve got my clock up here, guys.
Roy: Yeah we can see it.
Ian: It’s to remind myself of time. That’s the real valuable asset. Yeah.
Roy: That’s all you got.
Katrina: that’s all you got.
Roy: So it’s very important they bring their partners with them and work on alignment. In fact, I would say that’s the number one thing to come along, which is always a bit of a juggle when you got kids and bring the kids if necessary if you can focus. Depends on how old they are but the kids get it quicker than the parents do, actually. But we’re going to go through a workbook and that workbook is on what we’ve been talking about. Where are you? Where do you want to go? How best to get there? What are the blocks that stop you from getting there? What’s the steps? What is the five magic steps that you need to take? What’s the seven magic clues to know exactly where you are? What is the next major thing you need to do? And then you need to get clear on getting good at least one thing.
Brett always talks about this, you got to get good at property or business or shares, one of those. Get good at one of those because your job is at risk. And the other thing I’m going to talk a bit about is tax and structure and a lot of that’s a bit of a boring subject. I make it a bit more interesting by dealing with tax, minimising that legally and I’m going to share some things called how to launder money legally. That’s always a fascinating subject, laundering money legally. And how to create a tax deduction on your house, on your property and really it’s about a different way of thinking and if I could put it to two things, one is not only a mindset issue but to walk away with a step by step process of what’s next in your workbook.
And then you’re going to get an opportunity to start working with us. We’re going to be doing in New Zealand some very special things with low-income housing, affordable housing. And, we’re going to show people how they can become finders of property and earn money without any money. Because we’re looking for those and how to join a team and become part of a community. And so it’s going to be a really powerful, powerful afternoon, 1:00 through to about 5:30, 6:00 after questions and things. And bring your family, come along and you can register. There’s a a very minimal cost. I think it’s $17 and $3.00 for your partner and the end result of that, we give you about $149 worth of material. In that a thumb drive and my book $1 to a million dollars in seven years or less and a whole pile of real good stuff you can put in action now.
And so by Christmas, things are going to change. Our first quarter’s clean the mess up, second quarter get into action. So, basically by Christmas that first quarter’s done the first 90 days, you start to clean up your mess, you start knowing where your money is, what’s going on, where you’re losing, what are you throwing out. You know, a average family in Australia and New Zealand is wasting about $5,000 a year just on food. Just throwing things out because they’re not conscious of what they’re doing and when you work that out, that doesn’t seem like a lot, $100 bucks a week but when you work it out $5,000 a year, 10 years, that’s $50,000. 20 years is $100,000 and invested well that would be like $400,000. That’s how much that food waste is, just that.
You can buy a house for that. You can certainly put a lot towards a commercial property and…
Ian: And that’s just the secret isn’t it? Those little, little tiny nuggets, that’s the whole secret when you help them become aware of those things there Roy. Yeah, beautiful. Well look guys, I can’t thank you enough for your time, and I tell you I wish I was over there in New Zealand with you. I mean, I’ve been to so many of your trainings but always get that extra piece of knowledge out you all the time and I appreciate that. Now, one last thing and that is children, would be okay if they brought say their teenage children with them? Because I wish when I was a teenager someone sat down and taught me these things guys. Would that be okay if they want to bring their children with them?
Roy: No, not only okay, it’s the most important single thing I think they can do on an education point of view and families spend a lot of money, hundreds of thousands of dollars to educate their children at a public school and you think of what the costs are and what they come away with and, you know, really as they get the opportunity to learn how to get a job, that’s it. And that’s going to be tough, so they need different skills and understand this new world that they’re going to inherit as it were.
Roy: Yeah, so, absolutely great thing to do. I’ll just leave you with one thought that I really would like them to bring and not only is that an openness to hear a different way but to really look at the alignment. You know, environment is more powerful than will power and if they could bring an openness for their relationship in their environment. And I know there’ll be people struggling out there. I have clients come into these things where they’ve just broken up or there’s fights going on over money. You can look at 87% of all break ups, it’s over that. And we try and build partnership back again, build that trust back again. And it may be that some of these people have got to come by themselves and so be it. However, you know, even if you don’t stay together, you’ve still got to be financially independent. If you do come together, you need to be financially independent. So, both would work, both would be important. And the biggest thing is to be in the right state and that’s not a physical place. It’s an emotional place and state is, you know, being focused on your intention. That’s what I’d ask them to bring.
Ian: Very true. All right. Well, look, Roy, Katrina thank you again. It’s the 27th of July in Auckland. Now there’s a link on Facebook, you’d be able to click that and if you do have teenage children I would urge you to bring them with you to learn these skills. Because that’s the best and most valuable gift you could ever give them. Again, lovely talking to you guys. Have a great time in Bali and have great fun when you get to New Zealand. I’ll see you later.
Roy: Thank you, Ian.
Katrina: Thank you, Ian. Lovely to be with you as well.
Roy: Thank you so much for putting this up. And, namaste to everybody. Namaste.