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398 | From Financial Anorexia to Financial Peace of Mind – Chat with Jack

“I wouldn’t be going on holidays, I wouldn’t be going on those trips or just those little things, I guess the little voice in the back of my head going, “Oh, you sure you can afford that?”  

Folks, today’s guest has been through a remarkable journey.  He’s transformed from a state of Financial Anorexia to achieving Financial Peace of Mind – but his tale doesn’t begin as you might think.

Jack didn’t grow up scrounging for pennies for the bus or living under a tight budget. Instead, he grew up in a hard-working, small business household where he was already jumping on to help with work at the age of 14!  Basically, Jack knew the value of money and had a strong work ethic from very early on. 

So…how did he become Financially Anorexic?! 

And what did he do to get himself out of the paralysis?!

That’s just some of the amazing chapters in Jack’s story – just wait till his now-wife, Hannah enters the scene and Jack has to create new Money Norms as a couple!!  

It’s a truly motivational tale about taking control of one’s life and facing one’s fears through planning. Thank you for sharing your story with us Jack, it’s a true testament to the power of taking action. 

Such an uplifting story – tune in now folks.  

 

P.S There’s also a sneaky story about Bryce getting sacked from a job – tune in to find out why 😉   

P.P.S. After weeks of prep, we hosted our BIGGEST webinar to date last night. Yep, we covered How to build a multimillion-dollar property portfolio in a rising interest environment and boy was it a hit! Missed out? You can still watch the replay (for a very LIMITED time only)…click here to watch it now 

 

Free Stuff Mentioned… 

Here’s some of the gold we cover… 

  • 0:57 – Did you miss our BIGGEST webinar ever on how to build a multimillion-dollar property portfolio in a rising interest environment?! You can catch our LIMITED TIME replay here…don’t miss out again!
  • 1:56 – Meet Jack! 
  • 3:31 – Money conversations from a small business household with 4 kids… 
  • 6:20 – How he developed a strong work ethic from 14 years old! 
  • 7:33 – The job Bryce got sacked from 😮  
  • 9:08 – Yep. When Jack turned 18 he bought a …. 
  • 9:52 – His Gap Year  
  • 12:18 – When following in your brothers’ footsteps is a good thing! 
  • 14:11 – What Jack’s first investment property was like!!  
  • 16:18 – If he was doing alright…then why did he get a plan?!?  
  • 17:50 – Having a plan forced him to face THIS question…. 
  • 18:35 – The Symptoms of Financial Anorexia  
  • 21:18 – How it manifested for this couple…(Be warned folks!!) 
  • 22:02 – How Jack faced his fears and got out of paralysis! 
  • 23:10 – What is Financial Anorexia?  
  • 25:27 – His FIRST financial plan  
  • 26:30 – “It was literally like taking the shackles off my wrists…”  
  • 27:27 – Why numbers are SO important (especially for passing… the sleep test?!) 
  • 31:06 – Folks, M_N_ _I_NG your plan is just as critical!  
  • 32:32 – Enter…Hannah!  
  • 34:20 – How they optimised their “Big Rocks in the Jar”!  
  • 36:00 – Buying their first investment property together!!  
  • 39:38 -How did they set new Money Norms in a relationship? 
  • 41:05 – Why couples NEED money conversations!! 
  • 45:24 – Listen to THIS for some timeless wisdom 
  • 47:16 – Let’s deep dive into their Property Plan… 
  • 50:04 – Jack sneaks this one in… 
  • 50:43 – Our top takeaways!  
  • 54:30 – It’s all about building confidence folks!  

 

 

 

 

 

397 | “I Thought Investing was for Rich People” – How Knowledge Unlocked his Financial Freedom – Chat with Anthony

“I thought investing was for RICH people, and that’s just what it was. It was something a normal person didn’t do, and now our eyes are open – the possibilities are endless really.”  

 

Growing up in a household with a tight budget and parents working double jobs to feed a family of seven, our second Winter Series guest didn’t have a lot of money conversations around the table… 

In fact, there was none. 

Born and bred in Dublin, Anthony graduated into a culture where holidays were funded by loans and you spent everything you had, every week….even when he was working 3 jobs. 😱 

And he might’ve kept going down this path if not for his significant other – Carly -who thankfully bought him his first investing book, The Barefoot Investor, at age 27.  

Over the next decade Anthony has turned it all around, transforming from super spendthrifter to seasoned property investor and renovator.  

Find out how he made the jump, the practical lessons and behavioural management skills he’s learned along the way and how he’s “paper trading” his way towards investing success. 

Such an empowering tale folks, listen now for a big dose of motivation. 👊 

 

P.S. The countdown is on! Less than ONE WEEK until our webinar where we’re sharing the #3 biggest secrets being investing success. We’ve still got some spots left so make sure you register now to save yourself one!  

 

 

Free Stuff Mentioned… 

  

Here’s some of the gold we cover… 

  • 1:01 – The Countdown is On – Next week is our webinar folks!
  • 1:55 – Meet Anthony: Growing up with both parents working double jobs…
  • 5:25 – “I spent everything I had, every week”
  • 7:20 – Being raised in 2000s Dublin: The GFC & his journey to Australia
  • 11:38 – How did he get into investing at age 27?
  • 12:52 – His road to The Property Couch and property investing!
  • 14:40 – What did Anthony choose property?
  • 15:40 – Managing debt + rising interest rates: how does he stay calm?
  • 18:28 – How a plan is helping couple in 2 very different ways
  • 19:45 – A wedding, another investment property and renovating: How are they achieving it all?
  • 22:45 – How are they building buffers into their portfolio?
  • 25:26 – Having different risk profiles: what conversations are this couple having?
  • 26:51 – What benefits does the plan bring for Carly + Anthony?
  • 31:15 – Moving from FIFO to Family focused: how has it been worked into their roadmap?
  • 33:05 – Why Anthony is “paper trading” his life…
  • 34:40 – The Thought Process behind Staying vs. Upgrading their Property
  • 38:30 – Why this couple feels like they’ve already made it!
  • 42:30 – WHY they created a plan!
  • 43:54 – Anthony has locked down this ONE point which is leading him to success…
  • 44:30 – What would life be like for him without a plan?
  • 47:23 – Our Key Takeaways!
  • 48:48 – How many properties do they need?!

 

 

 

395 | Darius Boyd: How this NRL Star Found his Financial and Mental Peace

While we love to have some good AFL banter on the show, this week’s episode is all about a star from another Aussie sport… 🏉

We’re jumping into the world of NRL (National Rugby League) with one of its most prominent athletes who played fullback, wing, centre and five-eighth for the Brisbane Broncos. 

Representing Australia at an international level and playing in the Queensland State of Origin…

We’re extremely chuffed to welcome Darius Boyd to the couch!  

He captained the Brisbane Broncos from 2017 to 2019 and has an illustrious 15-year career as a professional athlete having won 2 NRL Grand Finals. 

But folks…as much as we wanted to get lost in sport, this episode peels back the sheets to before Darius was a big sports star… 

Back to when “even getting $2 to catch the bus home wasn’t easy…” and he was being raised by his mum and then grandma at 15 years old. 

It’s a truly powerful tale as we follow Darius as he jumps from growing up with a tight budget to earning more money than he knew how to handle at just 18.  

We discuss the timeless wisdom he gained being coached by one of sports greatest mentors – Wayne Bennett – the drive that pushed him to become one of NRLs best players and the 5 Simple Steps to find positivity and mental peace.  

Tune in now folks, this one’s an inspiring tale!  

 

 

P.S Next week we’re kicking off our Winter Series! While our Summer series is all about transformation, our winter series will be all about planning!  

We’ve got a brilliant program in store for you with some heart-warming and inspiring tales from our listeners — we can’t wait to share them with you!   

 

P.P.S As Bryce hinted in the episode, we’ve got something else very exciting coming up. Now we don’t want to give too much away just yet, but we will say one word…W E B I N A R!!  

Interested?? Keep your eyes and ears peeled folks, we’ll be releasing the details very soon…. 😉  

 

Free Stuff Mentioned… 

 

Here’s some of the gold we cover… 

  • 2:11 – Folks, we’ve got 2 VERY exciting things in store for y’all… 
  • 3:12 – How do you know when it’s enough? 
  • 8:11 – Meet Professional NRL Star Darius Boyd!  
  • 9:42 – His Money Backstory: “Even getting $2 to catch the bus home wasn’t easy…” 
  • 13:50 – The lessons he learnt from living with Grandma  
  • 15:24 – Darius’ first lesson in wealth building  
  • 17:45 – Wisdom he picked up from ultimate sports coach Wayne Bennett 
  • 19:40 – THIS is what makes a good coach… 
  • 20:29 – The drivers that pushed him to become one of the best NRL players  
  • 21:55 – The best players weren’t always the best…
  • 23:58 – Advice he’d give to others looking back on his career
  • 27:38 – Folks, it’s okay to spend on experiences!  
  • 28:00 – Darius’ first property 
  • 28:52 – The road to becoming Renovators  
  • 31:32 – How does Darius & Kayla select their Assets and Location?  
  • 33:00 – What role does property play in his future?  
  • 34:33 – What was it like transitioning away from being a Professional Athlete??  
  • 37:28 – His 5 simple steps for positive mental health!  
  • 40:22 – Working with Top Blokes Foundation and normalising mental health discussions amongst young men  

And… 

  • 43:40 – Let’s Recap  
  • 46:24 – Need to set 100 reminders? You can with your Apple Watch!  
  • 48:35 – One of Ben’s MOST important interest rate updates  
  • 53:10 – This is actually an opportunity for…. 
  • 54:23 – Check out RBA Gov. Phillip Lowe’s 7.30 Interview here  

 

Bonusisode with Julia – Tax Planning Tips to Maximise your Returns (Part Two)

Folks we’re back to finish what we started… 

In last week’s Bonusisode we featured Part One of Tax Planning Tips to Maximise your Returns and now, we’re back to give you the rest of the gold!  

We’ll be unpacking… 

  • How to claim travel expenses related to work (especially if you’re a rental owner!)  
  • Is it possible to successfully act as your own accountant and claim travel expenses for properties? Hint: you need to prove this ONE thing to be eligible…
  • The 2 key ways to keep a travel record (Plus Ben gives a life hack which makes recording 100% easier!)   
  • How to determine if you’re eligible for Building Depreciation + when should you get a Tax Depreciation Schedule?!  
  • What’s included when claiming plant and equipment depreciation!? 

Julia also shares an extremely handy tax tip (Just see how excited it makes Ben!)  for those who’ve missed out on creating a property depreciation schedule… 

Spoiler: You may be able to go back and AMEND past tax returns to gain access to these benefits! 

And lots more! So before you get start lodging any tax returns for 2022, listen to this first folks!  

p.s. If you are looking for an experienced and qualified tax accountant, you can reach out to us here 👉 https://thepropertycouch.com.au/tax

Free Stuff Mentioned…

 

Here’s some of the gold we cover… 

  • 1:54 – The 2 ways to keep a travel record  
  • 4:40 – Which record is best for you??  
  • 5:10 – We’re setting THIS common myth straight… 
  • 6:25 – Deducting taxes from travel related to work – what is claimable?!  
  • 8:27 – Can Realtors claim travel expenses?  
  • 9:15 – Defining normal workplaces and being itinerate  
  • 12:15 – Essential rules for transporting others  
  • 13:09 – Recap! (Plus, how to make recording your logbook easier!)  
  • 14:50 – When is TOO LATE to start a logbook?  
  • 16:19 – Successful & unsuccessful examples of claiming travel expenses for Rental Properties!  
  • 19:40 – Should you get an accountant or DIY with a private ruling?  
  • 20:50 – The 3 Key Takeaways…  
  • 25:13 – Is your property eligible for Building Depreciation?  
  • 28:10 – Should you get a Tax Depreciation Schedule?! 
  • 30:20 – The who, what, when and why of SCRAPPING   
  • 32:44 – Plant and Equipment Depreciation: What’s included??  
  • 36:18 – When should you get a depreciation schedule?  
  • 39:25 – Missed out on a schedule? Listen to this for a HOT tip!  
  • 42:50 – So.much.free.stuff!!  

 

Bonusisode with Julia – Tax Planning Tips to Maximise your Returns (Part One)

As the old saying goes…

“By failing to prepare, you are preparing to fail”. 

And folks, we believe this holds true today which is why this Bonusisode is all about organising your taxes in the lead up to 30 June 2022!! (Part one)

This is the 2nd episode from our NEW Property Tax education series called Talking Property Tax with Julia Hartman where we give YOU hot tips and tricks to boost your returns and avoid tax traps. 

(Pssst – check out  Episode 1: The Top 5 Tax Rules Every Property Investor Must Understand here!!)

In today’s episode, we’re covering…

How to top up your own super…  

The BEST bookkeeping practices everyone should implement (Like what records should you keep and how long you should keep them for!!)  

AND we’re also giving you handy tips for claiming car and travel costs!!  

We’ll also be putting on our property investors’ hats to unpack the difference between Improving vs. Repairing in the eyes of ATO!

But that’s not all!!   

To help illustrate what we’re talking about in today’s episode, we’re also giving you 3 FREE reports on:  

  • How to make your own Superannuation Contributions 
  • Tax deductions when working from home 
  • Year-end considerations for Rental Property Owners 

Just fill out the forms below to download them now!  

  • Select the FREE reports you'd like to download!
  • This field is for validation purposes and should be left unchanged.

There is tons of gold in this Bonusisode so tune in now!

p.s. If you are looking for an experienced and qualified tax accountant, you can reach out to us here 👉 https://thepropertycouch.com.au/tax

p.p.s Make sure you stay tuned for Part 2 where we hone in on maximising your claims with travel, plant and equipment deductions!!

 

Here’s some of the gold we cover… 

  • 1:33 – How to make contributions to your Super  
  • 4:09 – What benefits do you get from topping up your Super??
  • 10:48 – Pitfalls of the home office claim 
  • 13:24 – What should you be recording when bookkeeping?  
  • 17:00 – Should you bother claiming your utility bills in the home office?  
  • 18:37 – Listen tothis if you’re self-employed!  
  • 19:56 – Let’s Recap!  
  • 20:35 – Must-knows with car and travel claims!!  
  • 26:53 – Property Taxes and Interest in Advance  
  • 27:50 – Why 2022 is a (relatively) LOW tax bracket!  
  • 32:56 – Repairs vs. Improvements  
  • 36:01 – Example 1: Repairing a roof  
  • 37:37 – Example 2: Carpet to Floorboards 
  • 41:18 – What is plant equipment?  
  • 43:13 – Understanding different depreciation schedules… 

 

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