- G'day, I'm Kevin Young.
I'm Australia's most successful property investor,
but I started out poor and I'm constantly being asked,
"How do you do it? How do you get there?"
You ask me, I'll give you the solutions,
and between us, we'll make you wealthy.
G'day, folks. Welcome to another issue of Ask Kevin Young,
and, Roxy, what have we got to answer?
- Yes! So, today's question is, "What is GDP?"
So, what is GDP?
- Let's go and find out.
- All right, let's go upstairs.
Okay guys, so we're upstairs.
We just got our coffees, and now let's talk business.
(Roxy laughs)
What does it mean? What's GDP?
- GDP is gross domestic product, and every 90 days,
your company sits down and says,
"Have we gotten wealthier, or have we gotten poorer?"
Just like you do, Roxy, when you get your pay,
and you take out all the expenses,
and you see what's left over.
- That's your gross domestic wealth for the week.
- If you did it in 90 days or every three months,
it would be the same thing.
You would be looking at how much money came in
and you'd want it to be more than the money that went out.
So, that's our gross domestic product,
and we want that, of course,
to keep getting better and better.
But guess what? It's actually been coming down.
And that's why you find things are tougher out there.
That's why you'll find there's two million people
who are underemployed or unemployed because
there's not enough money circulating around the economy.
But while that's a problem, there's a solution.
Because the cunning thing is,
don't rely on income to increase your bulk,
because wages just simply haven't been going up
because of this fall in gross domestic pay
or gross domestic product.
The interesting thing, Roxy, is that
our wealth is in residential property,
and it's gone up over a trillion dollars.
So, it's now 6.9 trillion dollars we have in wealth,
which feeds into our gross domestic product.
- Okay.
- That's a big part of the boost,
so if you're not into property,
you really can struggle out there.
So the interesting is, at our last conference,
Jake, who is president of our Young Investors Club,
showed how people can get income property for just $4,000.
So, people say it's unaffordable, you can't into property,
But Roxy that's not true. It's just a lack of education.
- Yeah.
- So we can show them how, but how do we show them how?
- Well simply you just have to get in contact with the club,
and speak with your property mentor.
So all you have to do is just click in
the description below, and we'll have the email address.
Then you can contact us,
and we'll assign you a property mentor
and get you in touch with someone.
- And remember, "like" us on Facebook
because we have far more time, much more time there,
and Roxy's constantly uploading a lot of information there
that'll make you wealthier, protect your wealth,
and make owning properties a lot simpler a process.
And remember, we make more millionaires
than all the others combined,
so why go with the rest when you can go with the best, Roxy?
- That's right.
How many property millionaires have you made, Kevin?
- Well, we're at over 5,000 so far,
and I can retire when I make 90,000 millionaires,
which I think is gonna happen when I'm 243 years of age.
(Roxy laughs)
So I've got a lot more of these coming out.
- Awesome.
(music)
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