Spotlight on Success: Wisdom from Local Legend and Business Dynamo
Meet Michael James, a community icon and a source of inspiration in both business and family life. Not only is Michael a fervent Brisbane Lions supporter and Silver Sponsor for this year’s Madd Ball, but he’s also the proud owner of Carina North Quality Meats. Founded on a handshake deal at the age of 28, Michael worked tirelessly, often six to seven days a week, to establish his business. As a fifth-generation butcher, he continues a family tradition that spans over 110 years in Brisbane.
Sitting down with Michael, you immediately sense his paternal presence and natural ease in storytelling. His openness to share his wisdom with the community is something that many could benefit from.
Advice For First-Time Homebuyers
Michael strongly advocates for early consultation with a financial planner or mortgage broker, specifically recommending Madd. He stresses the importance of entering the property market as early as possible to secure your financial future. For those still living at home, Michael advises saving at least 50% of your income.
Tips for Long-Term Business Success
Passion for your industry is a non-negotiable, according to Michael. He emphasizes the need to adapt and innovate, citing his own transition to online sales during the COVID-19 pandemic. Attending industry events, keeping an ear to customer preferences, and continuous improvement are the cornerstones of a sustainable business.
Building a Robust Property Portfolio
Michael’s property investment strategy is straightforward: buy a new property every four years, leveraging the equity gains for the next purchase. He also recommends focusing on properties close to essential amenities such as public transport facilities, retail precincts and schools and staying ahead of market trends. Currently, he’s eyeing properties in East Brisbane in anticipation of the upcoming Olympics.
Final Words of Wisdom
For Business: Stay updated and adapt to consumer trends.
For Family: When raising teenagers, patience is key. Michael credits his fulfilling family life to a supportive wife and children who are passionate about their paths. He believes if you are truly passionate about what you do you won’t work a day in your life.
Brisbane’s Property Future
Michael predicts a steady 2-3% annual increase in Brisbane’s property prices, especially considering the impending Olympics and ongoing infrastructure developments.
A Special Thank You to Michael!
If Michael’s story has inspired you to take action in your own life, whether in business or property investment, don’t hesitate to reach out to us at Madd Loans. We’re here to help you make your dreams a reality.
Contact us through our website at https://www.madd.com.au/contact/ or call us at 07 3899 0009. We’re committed to helping Australians achieve financial freedom, one property at a time.
From buying your first home to refinancing, commercial or construction loans – our free service takes the stress out of getting finance. We offer our services Australia wide so why not reach out to us today. We’d love to hear from you.
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