Why you don’t need to be a ‘bazillionaire’ to invest

Michael Henry told host Phil Tarrant that while there were many reasons behind property procrastination, he believed a low income should present no obstacle for those looking to begin their investment journey.

He added that his career in the fitness industry proved to be no barrier to building a nine-strong property portfolio on a yearly income of $50,000, and noted that the key to his success was in finding properties within his price range.

Echoing Mr Henry’s sentiments, Mr Tarrant explained to listeners that investors didn’t need to be “bazillionaires” to purchase property, as there were many people “finding stuff for $150,000 – $200,000” and “identifying assets which aren’t a million dollars”.

Mr Henry noted that by not looking at the situation “as if it was a barrier”, his wife was also eligible to begin her own investment journey as she balanced part-time work with studying at university.

“Until we got married our finances were still quite separate… She was like, ‘You know what? I'm going to buy some property too’,” he said.