Folks, itβs scary to watch investors pour bucketloads of time and money into budgeting and buying a property, to then not invest in any protection!Β Β
This is exactly why weβre homing in on the fourth and final part of our ABCD Property Investment Formula series: Defence!
Previously, we’ve spoken about Cash Flow Management, Borrowing Power and Asset Selection. If Asset Selection is the favourite of the Four Pillars, then Defence is definitely the least favourite. Most investors are always on the lookout for new investments or new ventures to go into, but the most important asset is actually the investor themselves.
That’s why we’re looking at…Β
π‘ HOW to minimise risk across Asset Selection, Borrowing Power and Cash Flow Management…Β
π‘ WHO you shouldnβt be taking advice from…. (Hint: Ben and Bryce are declared enemies of these types of advisors π)Β Β
π‘ WHY you should be investing in certain policies and mortgage brokers…Β
And why mining towns arenβt the ideal investment – especially if itβs your first property!Β Β
So donβt end up like some of the people that Ben references in todayβs podcast, or spend years investing to be blindsided by weak defence…Β
Tune in and get smart with our final pillar in the Property Investment Formula!Β Β
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Free Stuff Mentioned:Β Β
Just starting your property investing journey? Check out our FREE Binge Guide to the Foundations of Property, Finance and Money Management, which show you which episodes you need to understand the basics! Or fill in the form below and weβll email it to you right away.Β
Hereβs some of the gold we coverβ¦
- 1:18 β When we say defence, weβre talking about…Β
- 1:50 β Why you need to unpack YOUR storyΒ Β
- 2:35 β Risk mitigation and Borrowing Power!Β Β
- 3:40 – The 3 filters for determining Defence in Asset SelectionΒ Β
- 5:00 β Understanding Risk vs. RewardΒ
- 5:25 β Mining Towns vs Blue Chip areasΒ Β
- 6:10 β How you should be analysing properties (and what you shouldnβt be seduced by!)Β Β
- 7:50 β Who you should be taking Defence advice from!Β Β
- 10:14 β The BIGGEST defence you can have in Cash Flow ManagementΒ Β
- 12:30 β How to install defence measures to you Borrowing PowerΒ Β
- 13:00 β Why you need an _____ _____ mortgage broker!Β Β
- 13:42 β What are we actually protecting?Β
- 14:08 β How to mitigate asset riskΒ Β
- 15:45 β Defence for assets is also defence against _____!Β Β
- 16:08 β How to protect your income and lifestyleΒ Β
- 17:55 β Why THIS type of insurance is important as you get olderΒ Β
- 19:42 β Help us educate others!Β
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