The rich know how to legally minimise tax. Unfortunately the middle class and poor do not.Kevin Young
An early start to property investment
Although he quickly paid the disputed amount if full, he has never lived down the label despite being listed consistently on Queensland’s Top 100 Rich List.
Kevin survived two divorces and was granted custody of his two boys. He delighted in the opportunity to spend time with his children, a treat that working fathers often miss and later regret. Following his parents’ separation, Kevin changed his name in 1974 to his mother’s maiden name, Young, although his boys kept the Sampy name.
By now, Kevin Young had established a firm strategy for successful investing which allowed him to reduce his income tax to zero. Not surprisingly, this set off alarm bells in the ATO and he was subjected to a field audit every three years – each time being able to show his tax claims were perfectly legal.
Learning from experience has enabled Kevin to accumulate a wealth of knowledge which he freely shares with others. At the request of some of his old school mates from the 50’s and 60’s he documented his wealth secrets and made them available to his friends.
This kick-started The Investors Club, which was formed in 1994 along with his now third wife, Kathy. Together they quickly established a strong network of people, each learning the success strategies that had taken Kevin years to acquire, and passing them on to new Club members.
The Investors Club became Australia’s only consumer advocacy for property investors. It made submissions to various State and Federal inquiries to encourage cleaning up the real estate industry which had suffered at the hands of unscrupulous vendors and agents.
All the while, The Investors Club grew quickly and by 1998 was operating in all Australian states aided by a head office located in Brisbane. This enabled the Club to support members throughout Australia, and as more people joined and learned the strategies, they too pitched in to help others in a mentoring capacity.
Kevin wrote his first edition of Property, Prosper, Retire in 2002 and brought out an updated and expanded edition in 2008 which has now sold over 20,000 copies.
From strength to strength with Property Club
As more and more people learned how to steadily and safely build a property portfolio, and as the overall values grew, the need for more advanced information and networking became evident. The Property Millionaires Club was formed in 2004, and now boasts almost 5000 members, each holding property portfolios worth more than $1million.
Kevin and Kathy ensure they maintain regular contact with Club members, and often travel to state and regional events. They remain passionate about helping others, and established the Club’s own charity, Club Cares in 2007, ensuring that they personally covered all administrative costs so that 100% of donations could be delivered directly to charity recipients.
In 2012, the Investors Club became Property Club in an effort to minimise confusion about its preferred investment vehicle – property.
Kevin Young remains a steadfast leader at the helm of Property Club and often declares he will not stop until he’s achieved his goal of helping 90,000 Australians to become millionaires.