Property developer Paul Blackburne: Cars, boats and houses won’t make you happy

Already a subscriber?Luxury apartment developer Paul Blackburne wasn’t keen on climbing the corporate ladder when he finished a commerce degree.

It taught him plenty. Most significantly, it’s that you don’t need heaps of money to enjoy life. Living leanly gave him perspective that Blackburne,“It doesn’t matter how much money you have, the only thing you can’t buy is time,” he tells“I see some people who’ve made money, particularly in their 30s or 40s and then they’ll go and buy a Ferrari or something.

“They are nice things to have. But if they become what’s important, then you’re just still going to be unhappy.”Blackburne didn’t set up his own company until his mid-20s, after returning from his travels. He sheltered from London in the sunshine of his home town, Perth, helping out his father’s real estate business. The job was supposed to last about six months before he returned to his global adventures.

“If you’re leaving a well-paid job, you’re probably going to make less for a few years. Just live off the land, at least for five years, until you’re breakeven.”

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