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

By in Podcast, Summer Series, Winter Series

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“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

By in Podcast, Summer Series, Winter Series

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“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?!

 

 

 

396 | From Public Housing to a $180K Passive Income Per Year: The Power of Planning – Chat with Kim

By in Podcast, Summer Series, Winter Series

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As Australia descends into winter, what better way to celebrate the chill than by kicking off our 2022 Winter Series?!  

In this special edition series, we’ll be deep-diving into some of our listener’s personal stories, going behind the scenes to share their challenges and triumphs and exploring how they’re successfully investing in property thanks to the power of planning. 

We’ve got a very special lineup of guests, all with very different money stories but all with 1 thing in common… 

They’ve each faced and overcome life’s difficulties and “planned to become, what they planned to become”! Basically, we’re uncovering…how folks are creating long-term plans WITH short-term variations! 

To open our Winter Series, we’ve got a guest with a real “rags to riches” story – beginning as a refugee in the UK… 

 

 

“We were placed in social housing to begin with in a rough neighbourhood with high crime rates. It was not the kind of place you’d say hi to your neighbours. You’d just keep to yourself.”  

Ever since she was young, today’s guest was exposed to the importance of money.  

Relocating as a refugee from Vietnam, Kim watched her parents start from scratch, working odd jobs to save money, raising a family and eventually buying their own business.  

Did that mean she was wise when she got her first pay packet?

Definitely not!   

So how did she evolve from her splurging years to owning 2 investment properties with her partner, well on her way to achieving a $180K per year passive income?!  

This one’s a must-listen folks – Kim is articulate, funny and relatable as she recounts journeying to Australia with no job lined up, her initial wacky investing ideas and how long-term planning has helped her to find financial success. 

Thank you for sharing your story with us Kim – we’re honoured to be opening our first Winter Series with you!! 

 

 

 

 

P.S We’ve lifted the lid on Pandora’s Box folks. The details for our 2022 webinar are officially out! In just over 2 weeks, on Wednesday 6 July, we’ll be logging on at 7:30pm AEST to share the #3 biggest secrets behind any investor’s success… 

 Secret # 1 – How to Buy an Investment Property without Impacting the Family Budget
Secret # 2 – How to Retire on a $2k per week Passive Income with 5 Properties or Less
Secret # 3 – How to Model the Mindset of the World’s Best Investors!  

 Excited yet?! Spots are limited though, so register here now to save your place!  

 

 

Free Stuff Mentioned… 

 

Here’s some of the gold we cover… 

  • 0:40 – Welcome to the Winter Series folks!  
  • 2:05 – PSA: Our upcoming Webinar details AND the #3 biggest investing secrets we’ll be sharing in it!
  • 4:35 – What was Kim’s money story growing up as a refugee in the UK?  
  • 8:52 – The Splurging Saga  
  • 9:40 – Kim’s family business: How did they build wealth?  
  • 11:30 – What changed Kim’s mindset + ingrained views around debt  
  • 12:55 – What it was like growing up in a rough neighbourhood 
  • 14:17 – What sparked Kim’s interest in wealth-building?  
  • 16:50 – Rocking up to Australia: 1-year VISA & no job in place…  
  • 19:49 – “Within 8 minutes our hearts were crushed over and over again…”  
  • 22:11 – How they got their first investment property!  
  • 24:45 – Juggling job security and an investment property during COVID  
  • 26:30 – The 2nd investment property: Not what they thought?!  
  • 27:50 – The wacky ideas they had before coming to their advisor… 
  • 29:54 – How this couple found their sweet spot in debt levels  
  • 32:15 – Why having a plan on paper is so important  
  • 33:43 – What simulations did we run for them?  
  • 34:43 – How is a roadmap helping Kim & Arnie? 
  • 36:18 – What is their plan? (Wow – partially retiring at 45?!) 
  • 38:45 – Set to buy in 2030: What is the value of planning long-term?  
  • 41:15 – Kim on the biggest benefits of having a plan 
  • 43:10 – Why did they decide on a $3k weekly passive income goal? ($180K per year!!)  
  • 45:23 – Why having debt at retirement is…ok?!  
  • 48:00 – What’s internal financial transformation did Kim undergo?  
  • 49:20 – Kim’s advice to listeners… 
  • 51:40 – Our key takeaways!  

 

387 | Everything you need to know about Home & Contents Insurance – Chat with Steve Mickenbecker

By in Podcast

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It’s no secret that Australia is facing an insurance crisis. 

Did you know that roughly 70-80% of all Aussies are underinsured?!  

With the constant string of natural disasters from fires to floods, the ability to choose the right personal insurance that actually covers you is becoming more and more critical!  

It might not be our sexiest topic folks, but it’s definitely super important to know!! 

But how are you supposed to know what insurance is best for you?   

Or what makes an insurance policy a good insurance policy??  

Thankfully to help us clear this muddy water we’ve got Steve Mickenbecker, financial services expert!  

As well as being part of Canstar’s Group Executive Team (aka. Australia’s Biggest Financial Comparison site!!), Steve is also Canstar’s financial commentator.

He brings more than 30 years of experience in home loans, superannuation, insurance, mortgages, banking, credit cards, investment, budgeting, money management and SO MUCH MORE!  

Basically…he’s the ultimate insurance guru!!  

And he’s here to explain… 

What the heck is Stagflation?!  

How to ensure your insurance policy appropriately covers flood damage!  

What the future for insurance policy services will be (Are we destined to forever be served by robots and AI?!)  

PLUS, Steve will deep dive into some of  Canstar’s and the Insurance Council of Australia’s Catastrophe Data. 

Listen in now folks – this one is real eye-opener! 🤯 

 

Free Stuff Mentioned 

 

Here’s some of the gold we cover… 

  • 2:02 – Money problems are actually Money H___!  
  • 3:48 – Welcome Steve Mickenbecker!!  
  • 5:37 – From ledger cards to cryptocurrency: Steve’s Money Backstory  
  • 14:36 – How Steve first got into finance!  
  • 16:21 – What the heck is Stagflation?! (And why haven’t we seen it since??)  
  • 22:13 – Why is it important to get your insurance right?   
  • 25:24 – What factors should you consider when selecting insurance? 
  • 27:44 – The underinsurance epidemic and why we’re seeing it today! 
  • 29:10 – How to CORRECTLY calculate if you’re underinsured… 
  • 35:23 – Folks, THIS is why you should read annual changes in your insurance policy!  
  • 36:36 – How to ensure your big-ticket items inside your house are actually covered!  
  • 40:20 – Steve’s rule of thumb for knowing what items you should ensure 
  • 42:05 – How to choose the best insurer for you!  
  • 47:30 – So…what actually makes a good policy?  
  • 51:15 – How much excess is juust right? 
  • 53:31 – Online vs. Human insurance service  
  • 55:45 – What sort of records should people keep for claims?  
  • 58:21 – Data dive into natural disaster coverage… 
  • 1:00:30 – The Average out of pocket costs for home and contents insurance!! (WOW!)  

And… 

 

378 | The voice behind “The Female Investor”! – Chat with Nicola McDougall

By in Podcast

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Did you know that 1 in 3 Australian women retire with no super? Or that women are twice as likely as men to sell their house and move to lower-cost accommodation because of tight financial circumstances during retirement?

That’s a SHOCKING fact folks.  And joining us to deep dive into this complex topic is none other than Nicola McDougall: Chair of the Property Investment Professionals of Australia (PIPA), Director of Bricks & Mortar media, award-winning journalist and editor, and co-author of the newly released book: “The Female Investor: Creating Wealth, Security, and Freedom through Property”!!

(Talk about talented right?! Not to mention she’s our good friend from way back.)

Today we deep dive into Nicola’s history from journalist to property investor, her work with PIPA, what she hopes to achieve with her new book, and WHY women need to gain greater financial independence!!

You’ll also get to learn Nicola’s TOP 5 tips for financial empowerment…

  1. Prioritise your _______
  2. Learn about strategic _________
  3. Focus on the ____, not the ___!
  4. Understand there is no _______ approach
  5. Work with _____

 

And be sure to stick around to the end to hear the lifehack that applies to both dealing with anxiety and … property investing?!

We also slip in a special discount towards the end folks! 😉

 

Free Stuff Mentioned

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Here’s what we cover…

  • 3:20 – Hayden Linggood, Cactus Clan, Asdfgyrfcjdxfuvsuhdu, Lifestyle by design, luke miller, Gazzab32, propertybeginner, Ryan Daniel Fuller, amasum – Contact us for a FREE “Start & Build” course – Cheers for leaving us a review!
  • 9:01 – Why you need BOTH the Audiobook and PDF of our FREE eBook “The Armchair Guide to Property Investing”
  • 11:50 – One of Bryce’s favourite Robert Kiyosaki quotes!
  • 13:05 – What does “Risk is a measure of knowledge, not a measure of investment” mean?
  • 14:33 – Meet Nicola!
  • 15:38 – So…how does Ben, Nicola and the PIPA all tie together??
  • 18:20 – The rise of PIPA and its plans for 2022
  • 21:16 – How regulated property advice can affect YOU and your business
  • 23:38 – This is WHY PIPA does what it does!
  • 24:55 – Nicola hopes THIS will become the benchmark in the property industry
  • 29:13 – Consumers can now check THIS on the PIPA website!!
  • 30:37 – A family dynamic of openness: A peek into Nicola’s history
  • 34:00 – How Nicola went from global nomad to successful journalist
  • 36:59 – The FIRST property Nicola bought
  • 39:16 – Who Nicola’s property portfolio mentors were!
  • 41:07 – Nicola’s written over HOW many words about property?!?
  • 42:06 – THIS was Nicola’s inspiration for “The Female Investor”
  • 44:15 – Why women need to prioritise financial independence
  • 46:13 – Nicola’s dream for the future
  • 48:30 – Nicola’s TOP 5 tips for financial empowerment
  • 58:10 – Will THIS problem be addressed by today’s generation of female investors?
  • 1:01:54 – What does the female pay gap look like in 2022?
  • 1:03:35 – A special discount for listeners! (Valid until the 28 Feb 2022!)
  • 1:06:57 – Nicola’s lifehack for EVERYTHING from mental health to property health!
  • 1:10:05 – “You can’t be what you can’t see”: Normalising anxiety

And…

  • 1:16:29 – These 3 cities now have a median house price of OVER 1M!

 

 

 

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