Today's show is going to hit close to home for a lot of Australians.

Because despite living in one of the richest countries on the planet, the vast majority of Aussies are quietly battling something uncomfortable – the inability to actually build their wealth.

We're working harder than ever. We're earning more than ever. But most households still feel like they're running on a treadmill.

Why is that? Well, it's rarely about income. It's rarely about intelligence. It's rarely about effort.

Today I'm joined by Australia's leading property tax strategist, Ken Raiss, to help you understand why Australians struggle to accumulate wealth and what the wealthy do differently.

Takeaways

· Most Australians feel financially insecure despite living in a wealthy country.

· Mindset plays a crucial role in determining financial success.

· Wealth creation requires strategic planning and a clear roadmap.

· Investors often limit their potential due to outdated beliefs.

· The importance of having a strong 'why' behind financial goals.

· Asset ownership and structuring can significantly impact wealth accumulation.

· A holistic approach to wealth creation is essential for long-term success.

· Inheritance and estate planning require careful consideration and strategy.

· Successful investors think long-term, often planning decades ahead.

· Collaboration with a wealth strategist can enhance financial outcomes.

Chapters

00:00 Why Australians struggle to build wealth despite high incomes.
04:50 Planning, education and the missing roadmap to wealth.
09:00 Wealth stages: growth, consolidation and preservation differ.
12:40 Using peak earning years to accelerate long-term outcomes.
16:10 Ownership structures, trusts and protecting accumulated wealth.
20:00 Why successful investors think long-term and work with strategists.

Links and Resources:

Answer this week's trivia question here - https://www.propertytrivia.com.au/

· Win a hard copy of What Every Property Investor Needs To Know About Finance, Tax And The Law

· Everyone wins a copy of a fully updated property report – What's ahead for property for 2026 and beyond.

Join Ken Raiss and Michael Yardney, plus a team of experts, at Wealth Retreat 2026 on the Gold Coast in May. Find out more about it here and register your interest www.wealthretreat.com.au It's Australia's premier event for successful investors and business people.

Get a bundle of eBooks and Reports at: www.PodcastBonus.com.au

Michael Yardney

Get the team at Metropole Wealth Advisory to create a Strategic Wealth plan for your needs. Click here and have a chat with us

Ken Raiss, Director of Metropole Wealth Advisory

Also, please subscribe to my other podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.

Why Most Australians Never Build Real Wealth – And How To Get Ahead

Property Investment & Wealth Creation Australia | The Michael Yardney Podcast