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318 | 3 Investment Properties, 1 Family Home & Nothing Left To Do But Retire! – Chat with Dennis

Want to meet an investor who has FINISHED their Acquisition Phase?! That is, they’ve purchased ALL the properties they need to earn a passive income for life… so now there’s nothing left to do but retire!!

Here’s the deal… today we are speaking to a “TPC Veteran” – someone who has listened to the podcast since the very beginning… and in that time has actioned on all the teachings and built their own property portfolio from start to finish!!

… Meet Dennis, a property investor who proves it’s entirely possible for “Mums and Dads” to build a portfolio in their 40s… and not only that… but purchase THREE investment properties in less than five years!

So… how on earth did he do it?!

Even better, how did Dennis and his wife, Glenda, invest without completely impacting their family budget?! (… and without earning massive incomes!?!)

Tune in now to hear the full transformation and hear how it feels to be “at the end of the line” of the property investment journey!

 

Free Stuff Mentioned…

 

Here’s What We Cover…

  • 03:32 – What was Dennis’s money backstory?!
  • 05:22 – What were the family money rituals growing up?
  • 05:55 – How did he manage his money when he first started earning an income?
  • 06:11 – Getting a loan for a car…
  • 06:43 – How did he chose his first bank account?
  • 08:00 – Was he always considering investing in property?!
  • 10:24 – Using a credit card to pay for everything…
  • 11:05 – Conscious vs Unconscious spending
  • 12:43 – Money alignment with your life partner…
  • 14:02 – How old was he when he discovered The Property Couch?!
  • 17:16 – When did the shift to getting serious about creating a passive income happen?
  • 19:40 – Purchasing property during a boom…
  • 22:06 – How has Money SMARTS played a critical role in all this?
  • 26:19 – How do they use their 7-day float?
  • 32:28 – Is it too late to invest in property?
  • 33:42 – The Game-changing Mindset Shift!
  • 35:50 – When (and how) did they purchase each property?
  • 36:20 – What’s it like being a Borderless Buyer?
  • 37:53 – The Passive Income Target!
  • 40:11 – Should you EVER buy sight unseen?
  • 42:21 – When your need to calling on Defence…
  • 49:22 – Dennis’s advice for YOU!

 

Note: There are more real-life investor stories like this in our Summer Series! Make sure you check them all out here.

Keen to Get Started with Money SMARTS like Dennis?

Fill in the form below and create your account on our Money SMARTS Platform now!

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317 | Crushed By An Underwater Missile… And Still On The Road To Financial Peace! – Chat with Max

Some stories need to be told. And today’s guest listener owns one of those stories.

Here’s what happened…

While working in the Navy, Max Roman literally had his legs crushed when a torpedo unexpectedly fell from a submarine’s storage shelf, instantly trapping him.

Obviously, that’s quite a full-on story, right!?! And definitely not something you hear every day.

But it gets even more “Wow.”

… Despite all this, Max held true to his commitment to create something more for himself. He stayed the course because YEARS BEFORE all that happened, he’d embarked on a journey few folks take… he’d started upon the road less travelled to Financial Peace!

And what a trek it’s been!!

… ‘cos there’s SOMETHING ELSE to Max’s story that surprised the heck out of us…

… low and behold, it turns out he actually went to the same high school as Bryce – just the year below!

Like we said, some stories just need to be told…

Tune in now to hear it.

 

Free Stuff

 

Here’s What We Cover…

 

Note: There are more real-life investor stories like this in our Summer Series! Make sure you check them all out here.

Keen to Get Started with Money SMARTS like Max?

Fill in the form below and create your account on our Money SMARTS Platform now!

Already have an account? Log in here.

 

 

 

316 | From 12 Bank Accounts To A Sigh Of Relief! – Chat with Renae

Yep. She once had TWELVE bank accounts open… but now her money management story looks very different indeed!

Joining us today is listener Renae Brandsema… and we’re about to unpack how she said goodbye to financial stress once and for all.

Because what’s interesting about Renae is she has known what money is like as a stressor – and she’s previously tried to control this stress by counting every single dollar that went out the door – which at face value might seem like it’s smart money management, but in actual fact does more harm than good… often contributing (or perhaps even causing) the stress in the first place!

We mean… Can you even imagine trying to manage all those bank accounts!?!

Thankfully, Renae has a very different relationship to money now… and while she’s kept some of her positive money habits – like being frugal when it comes to “wants” versus “needs” – she now knows what it’s like to be in REAL CONTROL of her money.

… And with that comes the best reward – Financial Peace.

Tune in now to hear how Renae took total control back of her money management (and got rid of all those accounts 😉)!

 

Free Stuff Mentioned…

 

Here’s What We Cover…

  • 02:53 — Meet Renae and her money background…
  • 07:12 — What’s she like with shopping?!
  • 07:50 — What’s “holes in socks” got to do with all this?
  • 09:47 — The transition to marital life…
  • 11:00 — Who handles the money in the relationship?
  • 11:49 — What were the early years of managing money like?
  • 12:38 — 12 bank accounts!
  • 16:30 — The reconciling system…
  • 18:36 — What was causing all the money stress?
  • 19:39 — What triggered her to look for a different system?
  • 23:01 — The “A-ha” moment…
  • 24:40 — The biggest change (and how it impacted Renae’s husband)
  • 30:19 — The Money Transformation!
  • 31:23 — What was the property planning process like?
  • 35:07 — Why does Renae think you should use Money SMARTS?
  • 26:39 — What does their weekly “kitty” look like?
  • 39:40 — #1 Tip for paying for petrol!
  • 44:08 — How long does their monthly check up take?
  • 46:39 — How to get The Big Rock in The Jar…
  • 53:53 — What do you do with business profits inside the MyWealth Portal?
  • 55:36 — What do we think about financial education in schools?

 

 

Note: There are more real-life investor stories like this in our Summer Series! Make sure you check them all out here.

Keen to Get Started with Money SMARTS like Renae?

Fill in the form below and create your account on our Money SMARTS Platform now!

Already have an account? Log in here.

 

 

 

315 | How A Paper Round Paved The Way To A Passive Income – Chat with Brendan

Today we kick off the first episode of our Summer Series – that is, we’re showcasing REAL LIFE MONEY TRANSFORMATIONS!

And there’s no better place to start than with Brendan Deith, who took humble beginnings as a paperboy to ignite money habits that would go onto pave the way to a passive income for life!!

And Brendan’s journey has indeed been an endless ripple effect – from learning good money management early (thanks to his paper round & his parents sound money management conversations around the kitchen table) right through to the ULTIMATE OUTCOME – Financial Contribution.

There’s a few tweaks and tips along the way too… so strap yourselves in folks ‘cos you’re in for a feel-good episode with solid takeaways that you can go ahead and implement in your own life too!

Psst… just wait to you get to the part about “The Classroom Economy” – it’s game-changing!

 

Free Stuff

 

What We Cover…

  • 05:38 – Brendan’s Backstory
  • 08:30 – The Drum set that kickstarted healthy money habits…
  • 09:57 – What was his parents’ “extra” jar?
  • 11:09 – The award saver account (paper round money)
  • 12:18 – What was Brendan’s original budgeting system?
  • 14:27 – The first property
  • 16:17 – How did having a buffer help with the mindset?
  • 17:48 – BEFORE Money SMARTS…
  • 18:58 – AFTER Money SMARTS
  • 24:26 – The Ripple Effect of spending habits
  • 26:22 – What does Brendan most enjoy about Delayed Gratification?
  • 27:44 – How & When did he discover Money SMARTS, anyway?
  • 29:44 – Unique Ways to get your essential spending down…
  • 30:38 – How does Brendan navigate provisions?
  • 31:34 – Why has he NEVER done the 7-day float?
  • 32:13 – Using a credit card for everyday spending (Who should & Who absolutely should NOT?)
  • 33:32 – Is Brendan’s wife equally on board?
  • 24:17 – The Best Advice They Ever Got!
  • 35:17 – What are they doing with the trapped surplus?
  • 35:37 – What’s their Passive Income target?
  • 37:33 – Getting Property Investment Advice and getting an answer to this question: “How many properties do we actually need?”
  • 39:41 – How does he feel about getting into debt?
  • 41:09 – The first investment property…
  • 43:75 – The Two Journeys You’ll Almost Always Take To Reach Financial Peace
  • 45:04 – Brendan’s “Classroom Economy” that teaches kids about money…
  • 50:42 – Money SMARTS Hack
  • 52:53 – Brendan’s Question for us… Do you plan for an increase material (and labour) cost for renovations

 

Note: There are more real-life investor stories like this in our Summer Series! Make sure you check them all out here.

Keen to Get Started with Money SMARTS like Brendan?

Fill in the form below and create your account on our Money SMARTS Platform now!

Already have an account? Log in here.

 

 

 

311 | The Dummies Guide To Strata Properties & Body Corporates – Chat with Amanda Farmer

What is Strata? And what are your obligations if you are considering investing in, or have already purchased, strata properties?

In this episode we’re going down the rabbit hole of Strata and Body Corporates/ Owner Corporations! Basically, it’s a “101” on The Do’s and Don’ts and Practical Tips for Strata Management… and, while this can be quite a complex topic, we have the perfect guest to explain everything you need to know… without the confusion or legal jargon getting in the way!

Today’s guest is clearly someone who knows her subject well…. Joining us is Amanda Farmer from Your Strata Property! Amanda is a specialist strata lawyer with over 16 years’ experience in strata and community living. As a Fellow and Council Member of the Australian College of Strata Lawyers, she is a recognised strata expert.

This episode is a MUST for anyone who is thinking about investing in an apartment or townhouse that shares common areas… those of which are managed by a body corporate!!

Listen now to get “The Dummies Guide” to Strata Properties & Body Corporates!

 

Free Stuff Mentioned:

 

Here’s A “Tip Of The Iceberg” Look At What We Cover…

 

 

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