139 | Pete Wargent, Multimillionaire at Age 33: How did he do it?
Episode description
It’s podcast day, yay! Today we have a special guest on Indeed — Pete Wargent!
Aside from achieving financial freedom at AGE 33 (yep) through property investing primarily in London and Sydney, Pete is now one of Australia’s leading experts on market trends, co-founder of AllenWargent property buyers, a 4-time published author, a Buyers Agent and a blogger —http://petewargent.blogspot.com.au/
Originally from the UK and now living in Brisbane, Pete has a worldly insight into investing, finance, and shares and is our first guest who achieved a passive income with an international property portfolio. So how many properties did it take Pete to retire
Pete and the boys discuss:
- How he retired as a multimillionaire in his early 30s
- What he did after he said goodbye to his full-time job as a Chartered Accountant
- When and why he started investing
- Why he has never sold a property (Does investing for the long term actually matter?)
- Investing in London and the considerations involved
- The problems with drawing comparisons with world cities (i.e. Melbourne Vs London)
- Pete’s Property Investment Mistakes
- The Consequence of Brexit on property investors
- His thoughts on franking credits
- Does he recommend Australians buy in London?
- The hard lessons of growing up in a recession
- What is the equity target to achieve a passive income?
- The important variables to identify a trend to find investment grade markets
- Investing in Sydney vs investing in Brisbane (he has now invested in Brisbane)
- The importance of taking action
- What NOT to do if you’re investing in the stock market
- His investment decision on off-the-plan/high-density apartments
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