Meet Mike, a property investor who came to The Wealth Centre to purchase his 4th property. Mike was doing well, he had his owner occupied property, two investment properties and was purchasing his 4th. During the purchase Mike was advised by The Wealth Centre of the importance of an asset protection strategy, as it was clear to the Trusted Advisors that Mike’s portfolio was extremely venerable as it was cross collateralised. On advising Mike of this venerability and the need for a protection strategy, Mike acknowledged he understood the purpose and benefit of an asset protection strategy however he deemed that getting his finances in order was just too hard! If only he had, as when he attended his next Annual Financial Review at the Wealth Centre, Mike explained how he had lost his job in the resources sector and had not been able to source employment for nearly 12 months. The pressure on his personal cash flow from holding 3 investment properties was unstainable, and because Mikes properties were cross collateralised, with no asset protection the bank forced him to liquidate his best preforming investment to hold onto the other properties. If Mike had taken The Wealth Centre’s advice he would have restructured the lending portfolio, obtained asset protection and still be able to hold all of his properties today.