Most people know him as the Hollywood big-shot but what not many people know is that Arnold made his first million dollars by investing in property. Not from his movies.
You see Arnold wanted the freedom to choose the right acting roles for his career.
When I met Arnold he told me “I always promised myself I would not get into a position where I would have to take a job, or do a role just because I had to make money to get by”
Arnold’s second rule to follow for success is,
- Break the Rules
“Break the rules, not the law, but break the rules. It is impossible to be a maverick or a true original if you’re too well behaved and don’t want to break the rules. You have to think outside the box. That’s what I believe. After all, what is the point of being on this earth if all you want to do be put in a box and told you can’t follow your dreams?”
When Arnold talked about breaking the rules, What he was really talking about was the social rules, the status quo. In the old days, you’d get a comfortable job, work hard for 40+ hours a week, rely on the banks and your super to take care of you, then after you retire and you realise it’s all not enough to live on, sell the family home and get on the age pension. These are the types of rules Arnold was talking about. Instead of all this, you can take charge of your life, find a tried and tested way to create a passive income and build wealth, so you can retire early and enjoy the lifestyle you want. Don’t settle for average!
So what does it take to successfully invest in property? We’ll explore in part 4 of this post.