Expert Advice with Tyron Hyde
"What drives you?” I was recently asked at a seminar. It’s an interesting concept to ponder.
Thinking back, I think I was motivated to succeed from an early age. I saw my father work hard all his life to support 5 kids and then lose all his superannuation in the late 1980’s when he invested it all in a company called Estate Mortgage.
They proclaimed to be “safe as a bank”, but in reality were just lending to developers and offering a slightly higher interest rate on deposits. So that extra 1% or 2% my dad was supposed to get cost him his life savings. It shattered him.
I guess part of me wanted to make him proud and prove that I could “make it”. By the time I was 30, when he passed away, I had my own business and he saw that I was doing OK and I know he was proud.
Nowadays, I get inspired by meeting incredible people.
Whilst there are shonks in the building industry, there are also some creative and passionate people out there too.
Most successful developers don’t do it for the money, so what drives them? It’s generally the challenge that they love, the creativity and the ability it gives them to leave their mark on society.
Tyron Hyde is the CEO of Washington Brown and is considered one of Australia’s leading experts in property tax depreciation. He is also a registered tax agent. Washington Brown manages construction costs worth over $2 billion and completes 10,000 schedules annually. For a depreciation schedule quote CLICK HERE and follow the 3 simple steps or estimate your depreciation cost.
The Washington Brown Free Depreciation Calculator will give you an estimate of the depreciation deductions you could claim on your investment property
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Disclaimer: while due care is taken, the viewpoints expressed by contributors do not necessarily reflect the opinions of Your Investment Property.