Why is Michael Yardney still working?

Why is Michael Yardney still working?

  11 Jan 2024

Today I’m going to do something a little bit different – I’m going to give you some insights into what makes me tick.

Maybe you’ll learn something useful from it, maybe you won’t.

You see…

I remember a while ago (when I was still personally seeing clients) a prospective client asked me:

Michael now that the candles cost more than your birthday cake why are you still working?

I know others have wondered:

Is this guy really financially independent?

Does he really have a substantial property portfolio?

And if so why is he sitting here across the table from me wanting to show me how I can become financially independent?

Some lessons for you

I’d like to answer these questions because there are some instructive lessons for anyone who wants to develop financial independence particularly if you’d like to do so by growing a multi-million dollar property portfolio.

First the answer to the second question:

Yes, I am truly financially independent, having over the years built a very, very substantial property investment portfolio of residential, commercial, industrial, and retail properties.

In my books and on my podcast I talk about the concept of building yourself a “Cash Machine”.

Pam and I truly have a “Cash Machine” that gives us real choices in life.

We are in the position to take one very long (6 weeks or so) break – often a cruise – over the summer months and a number of shorter vacations throughout the year.

But I think the biggest lesson will come out of my answer to the question of why I’m still working.

Let me explain with a little story…

Only a few months ago we saw Paul McCartney (yes the famous Beatles) live when he was touring Australia.

He was 81 years old at the time.

He was doing a multi-city tour of Australia, at the age of 81, turning up at one city performing for 3 hours, leaving, and then on to the next place.

I repeat he was 81 years old and still on tour.

And Mick Jagger is doing the same.

He has tours planned around America this year, in 2024, at the age of 80!

I suppose this should be reassuring for me – it suggests that 10 years from now I might still somehow or other be able to get up on the stage and deliver my seminars.

Over the years I’ve worked hard so that I now don’t need to work for financial reasons, but I think I will still enjoy doing it when I’m 81 years old just like Paul does.

As far as I know, neither Paul nor Mick Jagger has any unmet financial needs.

They’re still touring largely because they have nothing better to do.

I think a more constructive comment would be…

They’re still touring because they have nothing else to do for which they have comparable enthusiasm.

Why they stay at it long after they need to reveals why certain people became so successful at it?

Many top achievers who are successful at what they do, and rich because of what they do, develop such intense enthusiasm for “it” that not doing “it” is akin to severing an arm.

I guess what I’m trying to say is that what many people don’t seem to understand is the reason so many business people, entrepreneurs, and property investors became so successful and rich is from the enthusiasm they had in their job in the first place.

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Tips: If you’re doing something you don’t have to or won’t quickly develop intense enthusiasm for, the likelihood of you achieving substantial success or becoming rich from it is slim indeed.

This is the main reason why I’m still working.

I still get an intense buzz putting together property deals, putting together training programs, writing my blogs, recording my podcasts and videos, educating investors, and more importantly seeing clients become financially independent and successful.

You see…

I spend all day talking about property while drinking coffee and dealing with nice people.

Why wouldn’t I still be working?

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