How to Build Wealth with Property on an Average Income

How to Build Wealth while earning an average income was a question that Tom wanted answered from a very early age. Having now discovered his own answers that will enabled him to achieved financial independence by the age of 40, now at 36, the one-time farmer and grazier, turned flight attendant, is well and truly on the way.

Financial freedom gives you choice and let me say that is available to anyone who wants to have it. I am the greatest believer of my favourite statement..,

'It's not what you earn but what you do with what you earn that really counts! And yes, if you earn more, then, do more with the more that you earn!'

Why? Because I am now living proof that it can be obtained by anyone. Yes property investment has given me choice because it’s the vehicle that now gives me the financial freedom to do what I like... (within reason of course).

*Has the property environment changed since I started accumulating it? Yes.

*Has it got a heck of a lot more expensive to buy now? Certainly! But have the rules of investment changed? NO! A 10% gain on $100,000 property is 10K. A 10% gain on a $500,000 property is 50K.

Your secret is to get into the property market - but again, as is the way of the Model T-Ford, things change and things evolve. The simplistic answer to any change in the debate is that if you want to become an investor there will be a way and you will then be able to say, 'Back in my day, property was cheap'. Think about that. Is 'well selected' property ever going to be cheaper than it is right now?

I will leave you with that thought and tell my story about how property has now given me the comfort of financial freedom.

Just a quick not here: This happens to be a personal property profile interview that was written about me by Hudson's who are an investment and financial advisory house that I belonged to and years later still do.

This has proved to be a very valuable source of information for me and I know is has been a brilliant financial advisory backbone for many other of their members. In fact if you want to check them out you can also receive their news letter which has always got great info in it.


Just a note about Hudson Newsletters:

Hudson's newsletters are all delivered via email. Non-members are welcome to subscribe to The Hudson Report and The Path Ahead, but only Hudson Members can receive the quarterly Economic Update.

1) The Hudson Report is a weekly newsletter which focuses on the issues that are relevant to all personal investors.

2) Cornucopia is bi-monthly newsletter and is specifically targeted for those looking to retire in the next few years.

3)The Hudson quarterly Economic Update is only available to Hudson Members.

If you'd like to join any of the Hudson newsletters simply use this Hudson Wealth Building Strategy Newsletter Form that I have provided and it will be sent directly to them. Forms are better than direct email links to save and protect us all from the persistant issue of spam. (Form opens in a new window)




I realised very early that the more I learnt about property investment, the more I realised that there was always more to learn. Learning how to build wealth basically is on-going.

Since he was a youngster, one of Tom Reincke’s ambitions in life has been to become financially independent by age 40. At 36, the one-time farmer and grazier, now Flight Attendant, is well and truly on the way.

From an early age, Tom learned the grass roots of how to build wealth from his parents in realising the importance of saving. At the age of 24 he was able to buy a renovators dump in Melbourne and after eighteen months of hard slog and sacrifice he fully renovated the home he bought in Melbourne in 1989.

The capital improvements on his home, plus the cash from the sale of a much-loved 4WD, gave him the equity he needed to then borrow for his first investment property in 1991.

After a few years of capital growth, he was able to purchase a third property in Sydney. In both cases, Tom refurbished the investment properties to improve their value.

Thanks to Hudson's, he learned the principles of selecting investment properties that did not require the expense and exertion of renovation, and he used this knowledge to purchase two more Sydney properties. The answer to, ‘How To Build Wealth’ was coming along nicely.

Being a member of another likeminded investment group he learnt how to invest in the share market. ‘This was another learning curve in how to build wealth,’ quips Tom He now has a substantial share portfolio, plus a luxurious holiday condominium overlooking Lake Macquarie which he now lets to the holiday market.

Unit 404 Resort Accomodation Lake Macquarie



Time out quick NOTE: If you would like to take a break form the hustle and bustle of Sydney city, (NSW), you can contact the manager of my unit The one right on the end and simply make an enquiry via the email form that I have made for you.

Forms are better than direct links as it cuts down on spammers roaming this sight and giving Mark a fair old hammering about little blue pills and the like!

Mark will do almost anything to accomadate your request but do be quick expecially around holidays, long weekends etc

You can access the enquiry form for Unit 404 here
(Yes it comes complete with Lake views and a lazy 200mt walk to the 4.5 Star Resort Resturant... just beside the pool)

Anyway, hope that helps you out and you like your stay.

Please let me know how you enjoyed it...

Back to, 'How to build wealth... my story.

To take advantage of the property cycle, some shares will be sold and converted into property – using the teachings of the investment and financial advisory house and its close mentors to guide him. Not bad for a boy from the bush with year 11 schooling who left the farm at 23, with his Ute, life savings, a thirst for success and positive attitude.

How did he do it? ‘A willingness to work (thanks to my Dad), determination and a lot of stubbornness, sacrifice and the enjoyment of pursuing my goal,’ he says. Tom believes that anyone can learn how to build wealth and achieve financial freedom but only if he or she is prepared to ‘give it a go’.

‘I knew nothing about how wealth was created when I first started working,’ he says. ‘It is generally accepted that income is the be-all and end-all, but that is simply not the case.

In learning first hand and then, writing my book , I now know that, ‘It is not what you earn, but what you do with what you earn that really counts. This means you must capitalise on the leveraging capacity of the money you have, so that your money works for you.’

Tom says experience and reading have been his greatest teachers – he reads avidly. ‘I read 15 or more non-fiction books a year. I read anything that I can learn from or that motivates me in creating wealth and self improvement, because I believe success is a total package. The information you need to succeed in any endeavour is available in print. You just have to read it’, Tom says.

Tom is passionate about succeeding in all areas of his life and finance is just one of them. He’s quick to thank some close mentors, and his original investment and financial advisory house. ‘It is a great information source and a reassuring influence in attaining my goal’ Tom ads. ‘He says that a most important part of how to build wealth especially starting out is going without a few fun consumer items early in life.

It really is a small price to pay compared with the opportunities available to you when your financial future is secure’.

My comment:

This how to build wealth profile was done some years ago. Indeed the shares have been sold down and converted to more property. I still read but I now do much more work in the local library and on the net. (I am not really sure how we got by in the past without emails and web sites!)

There has also been a long list of other changes in my life and I think the biggest in recent history outside of not getting married was losing my much-loved job with Ansett. This took a large adjustment in my physic, as I was fortunate to have worked at a job that I loved every day for 16 years.

I am however forever thankful that I learned how to build wealth early in life and that my property investments have given me the time and income to find my feet, re-educate my self with further study and put this How to build wealth, WealthwithProperty.com web site together.

After the initial adjustment period I find myself heading in a new direction in life and while challenging to say the least at times, the world is now my oyster again. I have spoken much more about my investing process, trials and tribulations on a CD that I did some time ago and will soon be available via this site as a download. I sincerely hope that the casual yet informative interview fills in some missing links with your progress of building wealth with property.

Regards Tom Reincke.


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