I’m tipping you’ve never heard of John Thorn.
Yet, there’s every chance his fingerprints are on your house and you don’t even know it.
John started his first business in the garage of his home fixing transistor radios. Back then, very few people owned a TV but everyone had a radio, and only a few people knew how to fix them.
He built an incredibly successful business and eventually sold it to buy an old, run-down brick works on the NSW South Coast.
When he bought Bulli Bricks, most people could only afford ‘red commons’ which meant most brick houses back then looked the same, red!
This was perfect for John because he loved bricks!
In fact, his passion for bricks became an obsession, importing different clays from around the world to see what types of bricks he could bake.
His favourite source was South Africa because their clays threw up the most amazing colours and textures.
Not surprisingly, he built one of the most successful brickworks in Australia with homeowners queuing up to buy his bricks…and he sold squillions of them!
Around this time every year, I get questions from parents wanting to know the ‘best career’ choice for their children.
Implicitly, they’re asking, ‘what career will give them the most financial security’?
Alternatively, they may be seeking approval/reassurance for their child to do somehting different.
The implied assumption is that going to uni and wearing a suit to work is a sign of success.
It’s also glamourous, until it’s not.
Chasing money is fine up to a point because you have to pay the bills, but you need something to sustain you. Happiness, passion, a sense of joy.
The truth is, some of the richest people I know are also some of the most miserable and boring. Their favourite subject is ‘self ‘.
In my opinion, there’s nothing more glamourous than a sincere smile connected to a heart full of purpose and passion.
And if tapping into that means encouraging your child to cook, clean, draw, farm or fix cars, then go for it.
What’s fun gets done.
There will always be a demand for builders, cooks, cleaners, and entertainers because they’re willing to do jobs most of us can’t or won’t do.
And we’re willing to pay for it too! Ka-ching!
Plenty of people baked bricks before John Thorn appeared. The difference was his passion.
And because of that, he made thousands of people happy and built himself a fortune along the way.
One brick at a time.
Have a great weekend!
Adam
Back paddock – diversity eventually leads to division and inclusion eventually leads to exclusion.
It’s a Tuesday morning in March 2020. You check your super balance before breakfast. It’s down $80,000 from last week. You’re supposed to retire in four months. Your coffee goes cold on the bench. This is the scenario that terrifies every pre-retiree in Balmain. Not the abstract idea of a market crash – but the …
Continue reading “What Happens to Your Income When the Stock Market Crashes?”
You’re 52. You check your super balance: $380,000. Your stomach drops. “That’s all? After 30 years of working?” Then you remember that article you read: “You need $1 million to retire.” Quick math: You need to more than double your super in 13 years. That seems… impossible. So you do what many Australians in their …
Continue reading “Building Your Financial Herd: Investment Strategy in Your 50s”
Imagine you inherit a dairy farm with 50 healthy cows. Each cow produces milk that you can sell for income. Together, they generate enough money to live on comfortably. Now imagine someone suggests: “Why don’t you sell five cows this year to buy a new truck?” Sure, you’d get the truck. But now you only …
Continue reading “Why Your Investment ‘Cows’ Should Never Be Sold in Retirement”
Information provided by Suncow Wealth is general in nature and does not take into consideration your personal financial situation. It is for educational purposes only and does not constitute formal financial advice. Remember, the value of any investment can go down as well as up. Before acting, you should consider seeking independent personal financial advice that is tailored to your needs. Suncow Wealth Pty Ltd is a Corporate Representative No.441116 of AFSL 342766.