The world is changing fast. The credit crunch has hit, stocks have plummeted and wealth has been redistributed to where? India! It’s a global competition and Australians have every opportunity to punch with the very best of them. Out of the 5 wealthiest people in the world, 2 are from India. It is a changing of the guard and it is very rapid to the point where we have to reassess the world order.
Out of the top five 1 is Mexican, 2 are Americans and 2 are Indians. We are concerned that Australia has cut grants to entrepreneurs in the latest Government “brainstorm” and support for business has been held back. James Packer seems to have lost his way and Australia’s richest man Andrew Forrest ($AUS 8 Billion) is likely to suffer from the world downturn in commodity prices.
Where does this leave us as Australians wanting to move the world? MTLH are wondering the same thing and are more than just dipping our feet in unchartered territory to find out. We’re here in the United States amongst some of the most successful real estate professionals ever and absorbing as much information as possible.
So how can you be successful in an increasingly toughening market? Well I guess you need to brace yourself for the fact that long-lived success never comes easy regardless of the timing, come up with something original, back yourself, recognize a trend, recognize that you’re living in a global market, and face your fear! It’s no longer acceptable to just think yourself lucky that you are Australian – you need to prove it! For inspiration, look to the world’s top 5 richest people right now:
1. Warren Edward Buffett – US – $62 Billion
2. Carlos Slim Helú & Family – Mexico – $60 Billion
3. Bill Gates – USA – $58 Billion
4. Lakshmi Mittal – India – $45 Billion
5. Mukesh Ambani – India – $43 Billion