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003 | Four Pillars of Mastery – Cash Flow Management

Do you know the ABCDโ€™s of property investing??ย ย 

ย Yep, weโ€™ve spent years defining this Property Investment Formula (which we like to call the ABCDs) that every property investor should master!!ย ย 

Thatโ€™s right, thereโ€™s a science behind investing; property investment is not just a transaction.ย ย 

So get excited folks because over the next four episodes weโ€™ll be deep-diving into the four pillars which make up this Property Investment Formula: ย 

A โ€“ Asset Selection (what property to buy)ย 

B โ€“ Borrowing Power (how to set up your loan strategy and structure)ย 

C โ€“ Cashflow Management (how to trap more surplus)ย 

D โ€“ Defence (how to protect yourself and your portfolio)ย 

BUT REMEMBER, while this acronym makes it easy to remember each โ€œABCDโ€ Pillar, this is NOT the order it should be implemented in.ย 

Most people tend to start with โ€œAโ€ โ€“ the property itself… aka Asset Selection โ€“ this is NOT where you should start!ย ย 

Instead, folks, weโ€™ll be starting with the foundation pillar that is also the hardest to master – Cash Flow Management!ย ย 

โ€˜And why is this the hardest?โ€™, you ask…ย 

Well, unlike the other pillars, success is totally dependent on YOU! ๐Ÿคฏ

It requires oneโ€™s own planning, observation, and discipline: all things a professional advisor canโ€™t provide!

Itโ€™s also the cornerstone to building a successful property portfolio!ย ย 

As the famous quote goes, โ€œchange begins with youโ€ and itโ€™s no different for your finances.

Listen in and learn how to manage your cash flow once and for all!!!ย 

 

Free Stuff Mentioned:ย ย 

  • Check out the Cash Flow Management – Flow of Money chart below:ย 

Ep 003 - Four Pillars of Mastery - Cash Flow Management - The Property Couch chart 2

  • 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 weโ€™ll email it to you right away!

    • Are you also interested to have a better understanding of your cashflow position via our FREE Money SMARTS Platform?
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  • Keen to Get Started with Money SMARTS? Since we’ve recorded this episode, we’ve published a best-seller book on Money Management called Make Money Simple Again and launched an online platform to help everyday Australians manage their money better. We’ve sold over 10,000 copies of the book and the platform has more than 13,000 active users! If you’re interested to check it out, fill in the form below and create your account on our Money SMARTS Platform now! Already have an account? Log in here.

     

Hereโ€™s some of the gold we coverโ€ฆย 

  • 0:28 โ€“ Weโ€™ve been on a tourโ€ฆ (No, weโ€™re not in a band ๐Ÿ˜‰)ย ย ย 
  • 1:52 โ€“ We see THIS mistake too muchย ย 
  • 3:20 โ€“ So, what are the four pillars?ย ย 
  • 4:12 โ€“ Why is Cash Flow Management so difficult?!ย ย ย 
  • 5:45 โ€“ What differentiates good vs great Cash Flow Management?ย ย 
  • 7:10 โ€“ โ€œRunning a household is like running a businessโ€ย ย 
  • 8:30 โ€“ In the old days, we hadโ€ฆย 
  • 9:38 โ€“ WHY Cash Flow Management is the cornerstone of a successful investor!ย ย 
  • 10:40 – Where MOST people get it wrong is with ____ spendingย 
  • 11:19 โ€“ โ€œOur Flow of Moneyโ€ chart explained!ย ย 
  • 11:58 โ€“ What you can do with your surplus!ย ย 
  • 12:40 โ€“ Why budgets are hardย  ย 
  • 14:31 โ€“ Thinking of touching your Super early? Listen to this!ย ย ย 
  • 15:59 โ€“ The problem with an interest capitalisation strategyย ย 
  • 16:55 โ€“How Ben navigated a life change with successย ย 
  • 18:25 โ€“ Key takeaways!!ย ย 

 

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