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Redefining Debt: The Game Changing Strategy You Need to Hear

In this week’s episode, Bryce makes a guest appearance on the Wealth Time Freedom (WTF) podcast, hosted by Terry Condon!   

They cover a wide range of topics including:
        💵 Horrible, tolerable and productive debt
        🏘️ How to pick an investment grade property
        👩‍👦‍👦 Demographic shifts that are likely to impact property prices over the next 5-10 years 

This bonus episode is all about the courage to pursue passion over expectations, cultivating financial resilience, and playing the long game of property investment! 

 

Free Stuff Mentioned

  • New to The Property Couch? Download our Binge Guide – 20 of the first episodes condensed into one easy-to-digest booklet! 
  • Check out our brand-new appMoorr. This free app automates money management and lets you create your lifestyle by design! 
  • Previous episode with Jan Somers 
  • Previous episodes with Evan Lucas 
    • Ep 389: Why rising interest rates aren’t all bad! 
    • Ep 433: Scary Ugly, Spendvesting & Turning an Ugly Duckling into a Swan 
    • RBA Cash Rate Feb 2024 | Shifting Tides: Exploring the Global Influence on Australia’s Economy in 2024 
  • Ep 467 | Back to the FutureAre Our 2015 Investing Strategies Still Relevant Today?

 

Additional Resources

 

Timestamps

  • 0:00 – Redefining Debt: The Game Changing Strategy You Need to Hear 
  • 0:50 – The “Man in the Ferrari” paradox 
  • 4:09 – What piqued Bryce’s interest in property (back in 1998!) 
  • 6:50 – On Dad’s generation, mindset & influence 
  • 13:27 – Starting his own business 
  • 17:10 – When the Global Financial Crisis hit 
  • 18:27 – What advice Bryce has for his younger self 
  • 20:16 – Leaning into the “Scary Ugly” 
  • 21:49 – How The Property Couch podcast started in 2015 
  • 23:39 – We Fix Bad Advice – the barbershop analogy 
  • 25:09 – People need guides, not heroes! 
  • 29:18 – Why the best way to learn is to teach 
  • 30:52 – The journey to helping 10,000 clients get into the property market 
  • 34:26 – Horrible, tolerable and productive debt 
  • 37:21 – How to retire on $2,000 a week 
  • 42:14 – Control your debt to control your life 
  • 44:45 – How to pick a great investment asset! 
  • 56:35 – Emotional forecasting – do you do this? 
  • 58:43 – How baby boomer wealth transfers will reshape the housing market 
  • 1:01:36 – Must listen for anyone looking to get into property, but not quite sure if it’s the right time! 

 

Exploring “Scarcity” in Property Investment

Note: This episode is a re-run of one of our older episodes. It originally aired on 12th November 2015 😊  

In today’s episode, we dive deep into why the old adage of ‘location, location, location’ still rings true for property investment. We explore how 80% of your return is determined by where you buy, and only 20% by what you buy. 

One of the three filters in our asset selection criteria is scarcity, and today we take a close look at that concept. What exactly do we mean when we refer to scarcity in property investing? Are there certain elements in particular to look out for that will increase your property’s value? 

Throughout the episode, we’ll also underscore the importance of considering owner-occupier appeal in your investments, why developers favour high-density projects, and why smaller investors should hone in on scarcity in top-tier locations. 

Get comfy because this bonus episode is all about helping you understand the crucial role of scarcity and how it can ensure your next investment decision is a savvy one! 

 

Free Stuff Mentioned 

 

Timestamps  

  • 0:00 – Exploring “Scarcity” in Property Investment 
  • 04:16 – When searching for your next investment, try asking the agent this question… 
  • 06:33 – 3 important filters when it comes to asset selection 
  • 07:24 – The two different parts to scarcity 
  • 07:33 – 20% of your return comes from the property, while 80% comes from the…?  
  • 11:46 – Consider the property’s proximity to the CBD… 
  • 13:56 – …as well as whether the land is fully utilised 
  • 14:28 – Peter Koulizos on the 3 Ls of property value 
  • 21:51 – Choosing the correct property is important, even though it only represents 20% of the formula! 
  • 24:21 – Linking back to the Buyer’s Decision Quadrant 

 

480 | How to FAIL to Retire on $2K Per Week

 

Ever wondered how to FAIL at building a successful property portfolio? 

Want to learn how NOT to build a weekly passive income of $2k?  

If so, then this is the episode for you! 😉 

This week’s episode gives you a step-by-step guide on how never to take action or build a weekly passive income of $2k. 

From the worst ways to approach the property market to the incorrect beliefs you should hold about investing, we’re breaking down this episode into the 4 crucial ways you could go wrong…

Can you guess them?   

  1. The Wrong S_R_ _E_Y: Approach this wrong; you’ll be frozen in paralysis forever. 
  1. The Wrong P_O_E_T_: Get this wrong, and you could pour thousands of dollars into your portfolio….and still never make a passive income 😮.  
  1. The Wrong M_N_ _E_: Slip up on this, and you can say goodbye to growth.  
  1. The Wrong N_T_ _R_: Refuse to seek this, and you’re going to fall into a lot more traps on the way… 

To avoid taking these wrong turns (and, in all seriousness, avoid making these mistakes), listen in now!  

 

P.S. As mentioned in Ben’s “What’s Making Property News”,  the Property Investors Council of Australia (PICA) needs support! As a not-for-profit organisation representing the everyday property investor without a voice, any membership or donation helps. Become a member, donate or find out more today >>  

 

Free Stuff Mentioned

  • FREE PROPERTY SUBURB REPORT: As our birthday gift to you, we’re giving away our data-packed Property Suburb Report – for free! (Usually RRP $40). Get your free report here >> (Note: There’s been a change in email restrictions which requires you to verify your email to allow us to send it to you. Please be aware that we are following these changes.)  
  • Watch our most streamed video ever >>  
  • Upcoming Q&A: Send us your puzzling property questions (and as thanks, get a free Start & Build course!) Send them through our SpeakPipe >>  

Timestamps

  • 0:00 – How to FAIL to Retire on $2K Per Week 
  • 1:25 – Our FREE birthday present for you…  
  • 4:56 – Mindset Minute: What is your ROI on a BOOK?  
  • 9:33 – “Invert, always invert”  
  • 10:59 – #1) The Wrong S_R_ _E_Y:  Sell N_ _!  
  • 11:57 – Wait To B_ _  
  • 13:05 – Don’t T_in_  
  • 14:06 – Leave It To The G_ _  
  • 15:45 – Play The S_ _ _ _ Game  
  • 17:21 – #2) The Wrong P_O_E_T_: Focus on P_ _p_r_ _ Appeal alone 
  • 19:13 – Ignore S_a_c_ty 
  • 20:20 – Don’t R_ _e_r_h 
  • 21:54 – #3) The Wrong M_N_ _E_: Treat your b_l_e_s like… 
  • 23:16 – Pr_ _r_s_in_t_  
  • 25:43 – Seek instant g_a_i_ic_ti_n 
  • 28:27 – #4) The Wrong N_T_ _R_: Take a_v_c_ From Your Family 
  • 30:31 – Self-Ma_a_e Your Properties 
  • 32:56 – Neglect B_i_d_ng Ins_e_t_ _ns  
  • 35:57 – The Checklist to Failure  
  • 38:28 – Our most streamed video ever… 

And… 

  • 40:04 – Lifehack: Value is found in the second or third lap (Thanks Merv!)
  • 43:47 – WMPN: Help us to support PICA 

 

Jan Somers: How this Housewife Built Her Multimillion-Dollar Property Portfolio from Scratch

Please Note: This episode is a re-run. The original air date was on February 16, 2017. 😊  

In our FINAL bonus episode for 2023, we’re replaying an awesome episode with one of Bryce’s all-time property-investing heroes…  

Jan Somers!  

She is an incredibly humble housewife who is the author of 4 bestselling property books and is a successful property investor and educator extraordinaire.  

With her property portfolio spanning more than 40 years, we follow Jan’s motivational story from her first venture into property investing to her inspiration for writing her bestselling books, Building Wealth.   

Tune in now to hear her evergreen wisdom from the secret to improving your borrowing power, cultivating the right investing mindset, the types of properties Jan prefers to invest in, and much more!  

Listen now for an awesome blast-from-the-past episode! 🚀 🚀 🚀 

 

Free Stuff Mentioned

  • Check out Jan Somers’ bestselling books and software here >>  

 

Timestamps

  • 0:00 – Jan Somers: How this Housewife Built Her Multimillion-Dollar Property Portfolio from Scratch 
  • 3:29 – Mindset Minute: Beware of highlight reels!  
  • 4:55 – Welcome Jan Somers!  
  • 7:10 – The secret formula that led to success 
  • 8:25 – Her first mentor!  
  • 12:14 – Jan’s Golden Investing Principles 
  • 15:39 – The foolproof loan strategy Jan uses 
  • 18:01 – She was one of the first to do THIS!  
  • 21:33 – From humble beginnings: The origin of her first book  
  • 29:24 – Investing & Family  
  • 33:49 – “Security provides you with happiness”  
  • 37:31 – The biggest mistakes she made…  
  • 40:33 – Accumulating properties, tenants & investing Interstate 
  • 46:12 – Why do some properties perform better than others?  
  • 50:18 – The “living off equity principle” and retiring debt  
  • 54:26 – Financial messages Jan taught her kids  
  • 56:04 – Jan’s top tips for property investors  
  • 58:23 – Extra resources!  

And… 

  • 1:02:09 – Lifehack: Get 15 minutes back by turning off your notifications?!  
  • 1:03:51 – WMPN: Inside a $250M Bel Air house…

 

467 | Back To The Future: Are Our 2015 Investing Strategies Still Relevant Today?

 

 

Folks, it’s time to strap your seatbelts in and tighten your property investing hats because in today’s episode, we’re doing our own Back to the Future with our first-ever Throwback Thursday!! 🔮

We’re revisiting our best property investing strategies and theories from aaallll the way back in 2015 and asking… 

Are they still relevant today?!?  

We’ll be unpacking (Yep, that’s still a favourite word of ours today 😉):  

🛠️ Ep 1. We Fix Bad Property Investment Advice: The two most common regrets we hear and our cornerstone “Barber Analogy”: Is it still applicable or has it become obsolete?!  

🚀 Ep 2. Regulation vs. Education: How has income vs. Property prices changed? And what makes inner land value 3x higher than land further out? 

🏠 Ep 3. The 4 Pillars of Mastery: Do we still use the same process to set investors up for success? And why is MoneySMARTS still extremely relevant today?!  

To hear all of this, plus some of our favourite quotes of all time from these episodes, tune into our first Throwback Thursday now!!  

 

Free Stuff Mentioned

  • We’ve got ONE last spot on our 2024 Summer Series. Share your story with us today! >>  
  • Check out Binge Guide featuring the first 20 episodes here >>  
  • See the graphs from Ben’s What’s Making Property News! Below:  

 

Timestamps

  • 0:00 – Back To The Future: Are Our 2015 Investing Strategies Still Relevant Today?    
  • 2:15 – We’ve got one spot left on our Summer Series!  
  • 3:03 – Mindset Minute: Where the pursuit of Mastery lives…  
  • 7:26 – It’s Throwback Thursday!  
  • 8:55 – Ep 1. We Fix Bad Property Investment Advice  
  • 9:26 – 💈 The Barbershop Analogy 💈 
  • 15:29 – The 2 most common regrets 
  • 16:33 – Is it still relevant today?!?  
  • 19:12 – The Enthusiastic Amateur  
  • 22:40 – “You can get everything you want in life, if you just…”  
  • 26:14 – Ep 2. Regulation vs. Education  
  • 29:09 – These fundamental rules have not changed folks… 
  • 35:58 – The top #3 evergreen quotes 
  • 36:57 – Is buying counter cyclical still a good idea?  
  • 38:21 – What makes this land value three times higher than other land?  
  • 41:36 – Income vs. Property Prices: What’s changed?  
  • 45:55 – We always start with THIS when building our investing strategies… 
  • 47:51 Ep 3.The 4 Pillars of Mastery  
  • 48:56 – How we set up investors for success  
  • 52:12 – Debt Servicing Debt: Did this theory work?  
  • 54:19 – This is what drove MoneySMARTS… 
  • 58:47 – Our favourite quotes  
  • 59:42 – A moment for Ben 🤗 
  • 1:02:32 – Check out our free Binge Guide! >>  
  • 1:03:09 – Here’s to the Stig ❤️  

And… 

  • 1:04:32  Lifehack: Table tennis on the dinner table?!  
  • 1:07:27 – WMPN: Why People Invest in Property!  

 

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