Ep. 222 – FIFO vs Property Development Which Builds A Better future

Introduction

Choosing your path to wealth is the turning point that separates short-term earners from long-term builders. While many are drawn to the high salaries of FIFO work, they often get stuck trading time for money without a clear exit strategy. Hesitation to build something for the future not only costs time, but it can also cost you the opportunity to create lasting freedom. In this episode of the Property Mastermind Podcast, Bob and Hilary tackle the big question: FIFO vs. property development.

They reveal how a high-paying job can be a powerful launchpad, not a lifelong sentence. They dive into the mindset shifts needed to use FIFO strategically, how to manage your first project remotely, and why development is the key to creating true financial security. You’ll also hear the real success story of Ross, who turned his FIFO job into the funding for a multi-townhouse project, completely changing his life. Whether you’re currently in a FIFO role or looking for a way to fund your first deal, this episode will help you create a clear plan to build the future you really want.

Episode Highlights

00:45 – The high cost of indecision and how people get stuck settling for mediocre
01:04 – Why turning childhood dreams into adult routines is a trap you need to avoid
06:56 – The one habit that separates successful people from everyone else
08:43 – The real reason people choose FIFO—and why it should be a means, not an end
11:11 – Real-life example: The extreme sacrifice one man made to fund his development dream
14:04 – Case Study: How a young developer managed a townhouse project from 2,500km away while working in the mines
17:57 – The hidden, personal cost of a FIFO lifestyle that isn’t often talked about
21:54 – A key mindset shift: Why FIFO pays for today, but development builds your tomorrow
22:31 – Don’t want to work FIFO? How to fund your first project using other people’s money
27:02 – Debunking the myth: The surprisingly small time commitment needed to manage a development
27:54 – Your exit strategy: How property development is the ultimate “ticket off the plane”
30:31 – The untapped resource in FIFO camps for finding your next joint venture partner