Thirty years ago, Justin Wang came to Australia to achieve financial freedom. However, he initially found it very difficult to make money in Australia. Even though the income is higher in Australia than in China, he could save only a few dollars.
He quickly found a way to remedy the situation. This was how PIA was born. Wang credits the realization of his dreams to his two-fold approach to prosperity: invest in a business and then advise others to do so. He feels that if he didn’t do that, he probably would not have achieved as extensive a portfolio as he currently holds today.
For Wang, a business owner’s priority always lies with the stakeholders. This includes all parties to the arrangement and the interests of society as a whole. This holistic approach is the cornerstone of Wang’s success and functions as a valuable lesson in entrepreneurial tactics.
Justin Wang is the embodiment of the self-made businessperson. From unassuming beginnings to life as a property magnate – he now personifies the paradigm for financial freedom. It always comes down to abundance as generated by collaboration.
Global Millionaire magazine recently caught up with Justin to discuss his vision for 2023, and here’s what went down:
Can you tell us about your vision for PIA in 2023?
I started the business in 2005 with a powerful mission, goal, and purpose: to achieve financial freedom. After 17 years of working hard, I eventually achieved that goal, so now I have new goals for 2023. My plan for 2023 is to keep the property management service in-house and integrate the agents from the PIA agency to the Proxima platform. We are managing 7000 properties in Australia which in hindsight is 5 billion worth in assets. I want to make sure our clients are looked after. I am also planning to set up the PIA school to continue promoting the PIA success formula to get more people to succeed. Even though many people already know the PIA concept, I still feel that you need someone to guide them and ensure they’re on the right path, and that’s what the school is all about.
Can you tell us more about Proxima? What’s this all about?
Proxima is an agent service platform that engages and promotes the PIA concept. I want hundreds, even thousands, of people to have their own businesses even though they still have their day jobs through this new platform. Proxima will take the hassle away from agents and will engage a large number of the broader community. Through this new platform, I hope to help the bigger community achieve financial freedom through Sydney residential property.
What are your personal goals for 2023?
I came to Australia in 1993. I was here roughly 30 years ago, and I’ve already achieved my personal goal of achieving financial freedom. To be honest I don’t have any more goals to achieve personally. Now my personal goal is about how many people I can help get into the property market. I want to teach as many people as possible on how to take advantage of the market and how they can benefit from it in the future.
What are your tips for people who will be affected by the high-interest rates next year?
Many people are hesitant to enter the property market because they feel that the high-interest rate will stop them from borrowing more money or won’t allow them to enter the property market. While everyone is so busy worrying about the soaring interest rates, people are forgetting that immigration numbers are high once again, so more people will be looking for a place to stay. Once supply increases, the demand will also increase. Yes, the interest rates might continue to rise, but who will bear the increase in interest rates? The tenants. Decade after decade, year after year, century after century – there will always be a time when the interest rates will keep going up. Still, if you know how the market works, you’ll keep the property you own because, eventually, you’ll be the winner when the interest rates drop. Do you want to think short-term or long-term? If you’re considering selling your property to avoid a higher mortgage, you’ve probably dodged a headache in the short term. But if you think long term, you have to keep in mind that rent will continue to increase yearly, so you’ll be the winner if you decide to keep your property.