G’day Friends,

A financial meteor hit Australia this week.

The Australian government announced two big changes:

• Negative Gearing
• Capital Gains Tax

I won’t get into the nerdy financial details and all the changes.

But these two financial levers made real estate investment lucrative for investors.

And artificially drove up house prices that priced out the average home buyer.

This is a MASSIVE change in the Australian economy.

Right now, these policies are just an announcement.

They will still need to be legislated via parliament.

Regardless, people are still losing their minds.

Yu would think the world is ending.
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I understand it.

But this makes me realize:

You can’t rely on any government or corporation to build wealth.

I own property in Australia.

’ve also worked a traditional 9-5 job.
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These are great financial foundations, but I know they won’t build my wealth.

That’s why I’m building a sovereign business that can be moved to the best environment.

A solopreneur business that I can fit in a backpack with no income ceiling and a favourable tax environment.

This makes me less concerned about what any particular government or corporation does.

The most liberating freedom is building a vehicle you can’t be fired, made redundant, or impacted by a random change of government policy.

So, when that financial meteor does hit, you’ll be utterly unfazed by it’s impact.

Let’s Launch Together,

Michael “meteor-proof” Lim.

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