{"id":2071,"date":"2022-03-09T21:05:56","date_gmt":"2022-03-09T21:05:56","guid":{"rendered":"https:\/\/royabhishek.in\/urbanbuyer\/7-critical-wealth-lessons-you-must-understand\/"},"modified":"2022-03-09T21:05:56","modified_gmt":"2022-03-09T21:05:56","slug":"7-critical-wealth-lessons-you-must-understand","status":"publish","type":"post","link":"https:\/\/royabhishek.in\/urbanbuyer\/7-critical-wealth-lessons-you-must-understand\/","title":{"rendered":"7 Critical Wealth Lessons You Must Understand"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div id=\"toc_container\" class=\"no_bullets\">\n<p class=\"toc_title\">Please use the menu below to navigate to any article section:<\/p>\n<\/div>\n<p><strong><span style=\"line-height: 1.5em;\">One thing I\u2019ve noticed speaking with many property investors is\u2026 <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-136625 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2019\/09\/success-mind-300x192.jpg\" alt=\"Success Mind\" width=\"300\" height=\"192\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2019\/09\/success-mind-300x192.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2019\/09\/success-mind.jpg 619w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\"\/><\/span><\/strong><\/p>\n<p><span style=\"line-height: 1.5em;\">While on the one hand, a small group has done very well over the last few years, despite Covid 19, the lockdowns, and a short recession, on the other hand, the majority have found the markets pretty tricky and feel they have either missed out or not maximised their opportunities. \u2028\u2028<\/span><\/p>\n<p>Many investors are having difficulty achieving capital growth, others are noticing the values of their properties falling and yet others are having difficulty getting the banks to lend them more money to grow their portfolios.<\/p>\n<p>As part of the work, I\u2019m doing preparing for <a href=\"http:\/\/wealthretreat.com.au\" target=\"_blank\" rel=\"noopener\">Wealth Retreat 2022 <\/a>\u00a0<span style=\"color: #000080;\"><em>(which we\u2019ll be conducting on April 2nd -6th)<\/em><\/span> I\u2019ve been reflecting a lot about the key lessons I take from my experiences and the experiences I\u2019ve observed of the various investors I deal with.<\/p>\n<h2><span id=\"today-i-want-to-share-with-you-7-important-wealth-lessons-i8217ve-learned\">Today I want to share with you 7 important wealth lessons I\u2019ve learned<\/span><\/h2>\n<p>But before I do that, if you\u2019re already a successful property investor but want to build a true property investment business, or if you\u2019re an entrepreneur or business person, I would like to personally invite you to join me and Australia\u2019s leading faculty of property, tax, finance and business experts at Wealth Retreat 2022 in April.<\/p>\n<p><span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"http:\/\/wealthretreat.com.au\" target=\"_blank\" rel=\"noopener\">Click here<\/a> <\/span>to find out more and register your interest and you\u2019ll get a call from Jo Fitt and she\u2019ll give you all the details.<\/p>\n<p>Now on to my \u201cquick list\u201d of the seven important wealth lessons from the past few years\u2026<\/p>\n<h2><span id=\"lesson-one-the-fundamental-model-and-strategy-that-95-of-property-investors-follow-is-flawed\">Lesson One: The fundamental model and strategy that 95+% of property investors follow is flawed<\/span><\/h2>\n<p>Firstly many investors don\u2019t follow a plan or a strategy, but of those who do, time and time again I\u2019ve seen so many people who have invested so much of their time, energy, passion, and money to build a property portfolio, but their model for how to develop financial freedom was simply wrong. <\/p>\n<p>To take your property investment business to the next level you\u2019re going to have to do things differently from what most Australian investors do.<\/p>\n<p>You see\u2026if you have your ladder up against the wrong wall, then every step you take gets you further away from your destination.<\/p>\n<p><strong>It\u2019s likely you\u2019ll have to do things differently from what you\u2019ve done to get to the level you are at today.<\/strong><\/p>\n<p>That\u2019s why at Wealth Retreat we work so hard to define, map, and clarify <strong>an individual wealth strategy<\/strong> for you so that you get a concrete road map through for your property business, to get you from where you are today to point when you become a Level 4 investor.<\/p>\n<p><strong>This way you\u2019ll know the specific focus, key milestones, core systems, critical controls, and the necessary team at every step and stage along with this powerful map.<\/strong><\/p>\n<p>You\u2019ll leave Wealth Retreat with a <strong>proven road map<\/strong> to become a Level 4 (professional) investor.<\/p>\n<h2><span id=\"lesson-two-don8217t-try-and-do-it-in-isolation\">Lesson Two: Don\u2019t try and do it in isolation<\/span><\/h2>\n<p>Very few property investors can successfully build a true property investment business without having a core community of peers with whom they can associate, share ideas, get candid feedback, and soak up new ideas.<\/p>\n<p><i>How is your peer group going?<\/i><\/p>\n<p><strong>It\u2019s been said that your level of wealth is likely to be the average of your 5 closest friends.<\/strong><\/p>\n<p>If you want to change your outcomes, have you considered upgrading your peer group?<\/p>\n<p><strong>Here are the top three reasons why your peer group matters so much:<br \/><\/strong><\/p>\n<ol>\n<li><i>Your peer group\u2019s attitudes, beliefs, and behaviors are contagious<\/i>. \u00a0<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-71724 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/08\/33853210_l-300x192.jpg\" alt=\"puzzle team\" width=\"300\" height=\"192\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/08\/33853210_l-300x192.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/08\/33853210_l-768x491.jpg 768w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/08\/33853210_l-1024x655.jpg 1024w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/08\/33853210_l-1160x742.jpg 1160w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\"\/><br \/>The impact the way you think, your ability to spot and take advantage of opportunities, and your behaviours as you go after (or don\u2019t go after) your financial goals.<\/li>\n<li><i>Alone you are vulnerable; connected we are strong<\/i>.<br \/>We all have blind spots and limitations, but your peers can help you bridge these gaps and share resources that help you make better decisions and financial choices.<\/li>\n<li><i>It\u2019s a lot more fun to build with other people than in isolation!<\/i><br \/>We live in a world that can be very isolating, but we are social beings. We build better when we have peers to bounce ideas off, encourage us, and hold us accountable.<\/li>\n<\/ol>\n<p>It\u2019s ultimately up to you to find and create the peer group that will help you live the life you want to live.<\/p>\n<p>If you need to join an upgraded peer group of other DOERS why not join us at <span style=\"text-decoration: underline;\"><a href=\"http:\/\/wealthretreat.com.au\/\" target=\"_blank\" rel=\"noopener\">Wealth Retreat 2022<\/a><\/span><\/p>\n<h2><span id=\"lesson-three-you-cannot-build-your-property-business-based-solely-on-the-backs-of-a-strong-team\">Lesson Three: You cannot build your property business based solely on the backs of a strong team \u00a0<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-58426 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2015\/12\/success-win-motivate-work-compete-employment-job-300x140.jpg\" alt=\"Families by state\" width=\"300\" height=\"140\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2015\/12\/success-win-motivate-work-compete-employment-job-300x140.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2015\/12\/success-win-motivate-work-compete-employment-job-1024x480.jpg 1024w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2015\/12\/success-win-motivate-work-compete-employment-job-1160x544.jpg 1160w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\"\/><\/span><\/h2>\n<p>If you haven\u2019t yet learned this, you will \u2013 you can\u2019t hand over responsibility for building your wealth to others.<\/p>\n<p>While it\u2019s important to have a good team of advisors around you, as CEO of your own property investment business you are the one who is going to need to lead and manage this team.<\/p>\n<p>Yes, your team members are an essential ingredient.<\/p>\n<p>But they are one of three critical elements: a solid plan, a property investment system that is proven through a number of property cycles, and a talented team.<\/p>\n<h2><span id=\"lesson-four-investing-from-a-place-of-ignorance-may-work-when-you-are-in-a-booming-market-but-it-is-the-kiss-of-death-when-markets-turn\">Lesson Four: Investing from a place of ignorance may work when you are in a booming market, but it is the kiss of death when markets turn!<\/span><\/h2>\n<p>I think it was Warren Buffet who said: <i>\u201cA rising tide lifts all ships, but it\u2019s only when the tide is out you can see who is swimming naked\u201d.<\/i><\/p>\n<p>Succeeding during a period of rapidly rising property values created a level of false confidence that got many investors and quite a few so-called \u201cadvisers\u201d into trouble as the market turned.<\/p>\n<p>This leads me directly to the next lesson\u2026<\/p>\n<h2><span id=\"lesson-five-the-major-risk-you-take-is-not-your-choice-of-investment-but-rather-it-is-you\">Lesson Five: The major risk you take is not your choice of investment, but rather it is YOU!<\/span><\/h2>\n<p>Hard as this is to accept, you are the greatest risk variable in your investment portfolio.<\/p>\n<p>Learning to manage you\u2026 continually reinvesting in you\u2026 is the very best way to manage risk.<\/p>\n<p>If you join me and a select group of motivated and already successful property investors at Wealth Retreat you will have the opportunity to invest in your knowledge, skills, expertise, experience and network.<\/p>\n<h2><span id=\"lesson-six-you-must-have-a-sound-clear-financial-plan-that-you-build-based-on-your-future-not-on-your-past\">Lesson Six: You must have a sound, clear financial plan that you build based on your future, not on your past<\/span><\/h2>\n<p>I\u2019ve found that many investors get to a certain point and then their property investment growth stalls.<\/p>\n<p><strong>Some think it\u2019s finance (or the lack of it) that\u2019s holding them back.<\/strong><\/p>\n<p>However, I see people on what many would call low incomes to grow a very substantial property portfolio. <\/p>\n<p>I know Trudi who came to the first Wealth Retreat in 2007, definitely did not have a high-paying job.<\/p>\n<p>But she ended up building a significant property portfolio that was featured in Australian Property Investor Magazine a few years ago.<\/p>\n<p>Interestingly Trudi ended up joining us at Wealth Retreat 3 times \u2013 of course, it\u2019s not uncommon that successful investors keep reinvesting in themselves.<\/p>\n<p>Already this year close to 30% of the places have been taken by returning attendees \u2013 some coming for the third or fourth time<\/p>\n<p><strong>Others need a new set of skills.<\/strong><\/p>\n<p>Many want <a href=\"https:\/\/propertyupdate.com.au\/how-to-get-started-in-property-development-article\/\">to get involved in property development<\/a> \u2013 a subject that we spend a lot of time on at Wealth Retreat.<\/p>\n<p>And yet others need to get their tax structures right now that they own a substantial asset base.<\/p>\n<p>At Wealth Retreat you will be taught advanced property, asset protection, tax, and estate planning structures as well as share trading and business principles by appropriately qualified professionals \u2013 the best faculty I could put together.<\/p>\n<h2><span id=\"lesson-7-focus-more-on-what-matters-most\">Lesson 7: Focus more on what matters most<\/span><\/h2>\n<p>While money is important in those areas where it is important, it\u2019s not at all important in those aspects of life where it is not important.<\/p>\n<h2><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright wp-image-68525 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/06\/31566982_l2-300x300.jpg\" alt=\"inspiration idea mindset\" width=\"240\" height=\"240\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/06\/31566982_l2-300x300.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/06\/31566982_l2-150x150.jpg 150w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/06\/31566982_l2-768x768.jpg 768w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/06\/31566982_l2-1024x1024.jpg 1024w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/06\/31566982_l2-1160x1160.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2016\/06\/31566982_l2.jpg 2048w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\"\/><\/h2>\n<p><strong>To be truly wealthy you need a balanced life.<\/strong><\/p>\n<p>You need your health, family and friends, time, personal growth, spirituality, and the ability to contribute back to the community.<\/p>\n<p>Life is sweet, life is good, and life is short.<\/p>\n<p><strong>It all seems to happen faster and faster every year you get older.<\/strong><\/p>\n<p>The kids grow up\u2026 you get older\u2026 and before you know it you\u2019re heading for one of those big \u201czero\u201d birthdays like I had a few years ago.<\/p>\n<p>Savor life now\u2026 enjoy it now\u2026 share it now.<\/p>\n<p>I know this may sound a bit corny to some, but it\u2019s very significant in my book.<\/p>\n<p>That\u2019s why we say Wealth Retreat is about <strong>Creating Lifetime Wealth<\/strong> and <strong>Leaving a Legacy.<\/strong><\/p>\n<h2><span id=\"why-not-join-us-at-wealth-retreat-2022-on-the-gold-coast-in-april\">Why not join us at <a href=\"https:\/\/wealthretreat.com.au\/\" target=\"_blank\" rel=\"noopener\">Wealth Retreat 2022<\/a> on the Gold Coast in April?<\/span><\/h2>\n<p>How would you like to spend 5 days with me and my personal mastermind group? <\/p>\n<p>If you do then maybe 2022 will be the year that everything changes.<\/p>\n<p>Join me for five transformative days on the Gold Coast from April 2nd \u2013 6th and get the one-on-one private mentorship you need to achieve your most ambitious goals and dreams.<\/p>\n<p>Not just in property, but in business and in life in general, because the aim of Wealth Retreat is to create <strong>Lifetime Wealth<\/strong> and leave a legacy.<\/p>\n<p><strong>When you join us you will get:<\/strong><\/p>\n<ol>\n<li><strong>Mentorship<\/strong> \u2013 You\u2019ll have the opportunity to interact one-on-one with me and our guest experts so we can help you gain deeper insight and achieve your specific goals in property, business, and life.<\/li>\n<li><strong>Masterminding<\/strong> \u2013 You\u2019ll spend several hours a day brainstorming and getting ideas, advice, and solutions to your challenges from a hand-picked group of high-achievers.<\/li>\n<li><strong>Networking<\/strong> \u2013 You\u2019ll have plenty of time to build relationships with the other participants during breaks, at meals, and at night, so you can connect on a deeper level and benefit from their input and expertise.<\/li>\n<li><strong>Fun<\/strong> \u2013 the days will be very full, but at nights we\u2019ve got some surprises for you.<\/li>\n<\/ol>\n<p>And if you would like to get the highest possible level of support for your most ambitious life and business goals, I encourage you to join me there!<\/p>\n<p>You can learn more about this life-changing retreat <a href=\"http:\/\/www.wealthretreat.com.au\" target=\"_blank\" rel=\"noopener\">here<\/a>. <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-93196 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/09\/Mentor-300x200.jpg\" alt=\"Business Coach.\" width=\"300\" height=\"200\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/09\/Mentor-300x200.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/09\/Mentor.jpg 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\"\/><\/p>\n<p>Here\u2019s your chance to take your property investment, career, or business to a much higher level \u2013 or change the script completely and set off on a new path that\u2019s better aligned with your passion and purpose.<\/p>\n<p>If you are interested in joining us, <a href=\"https:\/\/wealthretreat.com.au\/#express-your-interest\" target=\"_blank\" rel=\"noopener\">please leave your details here<\/a> and we\u2019ll be in contact with you to have a qualification interview with you and secure your place quickly.<\/p>\n<p>It is a unique opportunity \u2013 a very rare chance to work with a great team of mentors.<\/p>\n<p>Wealth Retreat attracts an extremely high caliber of attendees.<\/p>\n<p>These are people who are already successful and willing to take serious leaps in their careers, their personal lives, and the contributions they\u2019re making in the world.<\/p>\n<p>They\u2019re the courageous few who dare to step out of the dominant culture of resignation and mediocrity and endeavour to create the life of their dreams.<\/p>\n<p><strong>Don\u2019t count yourself out..<\/strong>.<\/p>\n<p>When you surround yourself with such motivated, energised, spiritually charged people, you tap into the power of the group and become more energized and powerful yourself.<\/p>\n<p>There\u2019s no limit to what you can accomplish with the support and encouragement of such incredible people! <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-136631 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2019\/09\/business-mentor-300x169.jpg\" alt=\"Business Mentor\" width=\"300\" height=\"169\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2019\/09\/business-mentor-300x169.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2019\/09\/business-mentor.jpg 1000w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\"\/><\/p>\n<p>Please note that to ensure the best possible experience, Wealth Retreat is limited to 95 participants only.<\/p>\n<p>This event <span style=\"text-decoration: underline;\"><strong>SOLD OUT<\/strong><\/span> last year but had to be rescheduled because of COvid and a handful of delegates couldn\u2019t join us in April.<\/p>\n<p>I\u2019ve spoken with all the delegates and there\u2019s a mixture of new attendees, but around 35% of the places have been taken by return attendees.<\/p>\n<p>This happens every year because past participants have achieved amazing results.<\/p>\n<p>I remember in 2019 Glen came back to Wealth Retreat.<\/p>\n<p>In 2018 Glen set audacious 5-year goals but ended up achieving a heap of them in 12 months.<\/p>\n<p>He came and shared his experiences from the stage to show what\u2019s possible.<\/p>\n<p><a href=\"https:\/\/wealthretreat.com.au\/\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to check out the top lineup of Australian property, tax, business, and finance experts and find out more about the curriculum.<\/p>\n<p>And you\u2019ll have the comfort of knowing that your attendance will be <strong>covered by my personal guarantee.<\/strong><\/p>\n<p><a href=\"https:\/\/wealthretreat.com.au\/\" target=\"_blank\" rel=\"noopener\">Click here\u00a0<\/a>and please give yourself the chance to assess this opportunity properly \u2013 it will take about 10 minutes to read all the information.<\/p>\n<h2><span id=\"this-is-likely-to-be-the-most-important-year-for-you-to-attend\">This is likely to be the most important year for you to attend.<\/span><\/h2>\n<p>While we can\u2019t predict the future, we have lined up Australia\u2019s leading experts to help you formulate a plan to protect your position and exploit the opportunities ahead. <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-97250 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/11\/AdobeStock_167585900-300x192.jpeg\" alt=\"Business People Climbing A Flight Of Stairs, Stepping Up A Stairway Career Ladder With Idea Light Bulb On A Top\" width=\"300\" height=\"192\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/11\/AdobeStock_167585900-300x192.jpeg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/11\/AdobeStock_167585900-768x490.jpeg 768w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/11\/AdobeStock_167585900-1024x654.jpeg 1024w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/11\/AdobeStock_167585900-1160x741.jpeg 1160w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\"\/><\/p>\n<p>You will have the opportunity to spend 5 days with some of the Sharpest Minds in Australia, discovering proven systems and strategies for profitable property and business systems.<\/p>\n<p><a href=\"https:\/\/wealthretreat.com.au\/\" target=\"_blank\" rel=\"noopener\">Click here now<\/a> and get all the details.<\/p>\n<p>If you have any further questions <a href=\"https:\/\/wealthretreat.com.au\/#express-your-interest\" target=\"_blank\" rel=\"noopener\">please leave your details he<\/a>re and you\u2019ll get a call from Jo Fitt who will be happy to answer all your questions and help you with your booking.<\/p>\n<p>The intimate format of this workshop will give you plenty of time to ask your own personal questions of our faculty of speakers.<\/p>\n<p>Use the <a href=\"https:\/\/wealthretreat.com.au\/#express-your-interest\" target=\"_blank\" rel=\"noopener\">online form<\/a> to express your interest and you\u2019ll hear back from Jo Fitt who will be happy to discuss this further and she\u2019ll organise a time for a one on one chat with me.<\/p>\n<p>It\u2019s up to you now \u2013 I look forward to meeting you on the Gold Coast and being part of this exciting event.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/propertyupdate.com.au\/7-critical-wealth-lessons\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Please use the menu below to navigate to any article section: One thing I\u2019ve noticed speaking with many property investors is\u2026 While on the one hand, a small group has done very well over the last few years, despite Covid 19, the lockdowns, and a short recession, on the other hand, the majority have [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,76,77,118,38,148,149,150],"tags":[],"class_list":["post-2071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-michael-yardney-blog","category-michael-yardneys-commentary","category-news-features","category-property-investment","category-wealth","category-wealth-creation","category-wealth-retreat"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>7 Critical Wealth Lessons You Must Understand 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