Is Your Money Lazy?

If there’s one thing I can’t stand, it’s lazy money.

Let me explain…

Just recently, I sat down with a couple of brand-new clients to look at their wealth-building strategy. Both of them had properties in good locations with tons of opportunities. Those properties had built up some nice equity and my clients could have done so much with them. And yet, their strategies consisted mostly of shots in the dark.

They based these strategies on a bunch of assumptions. Their thinking was along the lines of “If this goes right, I’ll get some money out of it.” There’s nothing wrong with taking risks. In fact, there’s no 100% certainty in property investment.

However, there shouldn’t be this much guesswork. The whole point of having a strategy is to minimise risk and get the most out of your investment.

In the case of these clients, they could have done so much to make that happen. They were wasting opportunities in their serviceability. And the same went for the equity they had in those properties. They had completely ignored those opportunities.

This is what I call lazy money.

It’s when you have money that can work hard for you and multiply, but you don’t use it.

If you want to achieve financial freedom, you shouldn’t allow your money to sit on the sidelines. You must find a way to get it to work hard so you can create the future of your dreams.

— Todd Polke