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Top Money Podcast – Episode Ranking | November 2019

It’s been an amazing month folks and we cannot thank all of you enough for your continuous support. With the holiday season coming up, they will be lots of fun times ahead along with some additional spending activities! If you’re following Money SMARTS and have provision for it, that’s great! Have a great time ahead.

But if you’re not…. 

We’ve got a present for you! This festive season is usually the time when people tend to overspend on their credit card. We are not asking you to stop spending entirely but just make sure you’re spending within your means. That’s why we want to help you by offering a free e-copy of our best-seller book, Make Money Simple Again! Click here to choose your adventure and start reading it now.

Now, let’s get to the highlights! And remember, if you’re new to our podcast, make sure to listen to Episode 1 to Episode 20. They are the foundations and fundamentals that you need to know when it comes to property, finance and money management. Play it on 1.5x speed and you’ll catch up in no time!

 

p.s. Did you know we’re big on videos as well? Every week, we try to go LIVE on Facebook unpacking the fundamentals of finance, money management and property OR simply just to answer some of the great questions that we received from our community. If you’re interested, we’d love to connect with you on Facebook! Click here for more info.

p.p.s. And here are some of the Facebook LIVEs that we’ve done in the past. Enjoy! 🙂

 

 

Episode 258 | WARNING: The Unconscious Mental Triggers Property Spruikers Use To Trick You

Property investors who get seduced into Off the Plan and house and land packages are often seduced through a marketing process that targets universal, emotionally-driven mental triggers.

And after heaps of folks wrote in about last week’s episode where we spoke of the perils of investing in these types of properties, we’ve decided that today we’re going to lift the lid on what exactly these mental triggers are. So people can spot the spruiker from miles away! Because there’s a VERY big difference between marketing for marketing’s sake… and simply being sold into buying dodgy advice & dud properties.

Full disclosure: you will notice that some of these we actually do ourselves… and, yes, we’re being very explicit in this. The reason why we use them is simple… these tactics get people to take action. But getting people to take action on something that will ultimately help them… versus taking advantage of human psychology so people buy an asset or invest in bad advice that only the Spruiker will profit from…... well…… it’s about time we even the playing field here, don’t you think?

And folks… Property Spruikers do NOT want you to know this stuff. Full stop.

… ‘cos once you learn this stuff… you won’t be tricked quite so easily!

 

Free Stuff mentioned…

 

The Unconscious Mental Triggers

  • 13:36 – Mental trigger #1
  • 16:25 – Mental trigger #2
  • 20:46 – Mental trigger #3
  • 22:45 – Mental trigger #4
  • 25:50 – Mental trigger #5
  • 27:05 – Mental trigger #6
  • 32:11 – Mental trigger #7
  • 39:51 – Mental trigger #8

 

 

 

Bonusisode – 7 reasons why most investors fail…

If building a multi-million dollar property portfolio really only takes three or four properties …then why do most folk FAIL to buy one?

If only three or four properties — maybe five, if you’ve got a shorter time frame — is all it takes to achieve a passive income for life, why aren’t most investors achieving their dream lifestyle and financial goals then?

Why haven’t they got a successful multi-million dollar property portfolio???

Well, Ben and I nutted out these SEVEN reasons why this is so. And we went “Live” with these little-spoken truths!

Yep. We got serious…. even if our faces don’t show it 😉

Or click here to watch the video on Facebook.

Sorry, registration for this webinar is now closed. Thank you so much for your interest BUT don’t worry! We will be preparing for our next webinar soon. If you’re interested, just leave your email address below and we’ll notify you when it’s registration is open. 🙂

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Bonusisode with Nerida – Is the oversupply in Sydney over?

A couple of weeks ago we had our regular Monthly Wrap Up with Nerida Conisbee, Chief Economist for REA Group. There are some amazing contents in this LIVE so we thought… why not share it with our community? 

 

As well as getting a “wrap” of the property market for the month of October, you’ll also get some very interesting insights into our economy (incl. where it just might go from here!)
 
We discuss:
** Will the cash rate get to ZERO?
** Is the oversupply in Sydney over?
** What’s happening with “Rent Control”? (and what does this mean for investors?)
** What is Quantitative Easing?
** Are the things that got us through the GFC currently present?
 
AND, our regulars…
++ The MOST EXPENSIVE property sold in October
++ The most clicked on property going to AUCTION
++ The most clicked on property for SALE
++ The most clicked on property SOLD
 

Want to see these properties? Click here to View the Properties (all are in the Comments section)

P.S. Want more episode on asset selection?

Episode 257 | The Exception To The Rule When It Comes To Off The Plan Properties & House And Land Packages

Recently, ABC’s podcast The Money ran a very poignant episode on the financial risks of unregulated property investment advice (which we highly recommend you check out – details below folks)… which revealed the pitfalls of buying Off The Plan properties and getting snagged on the end of “one-stop-shop” spruiker seminars.

As well as interviewing two unlucky folks who learnt about investing in Off The Plan in the worst way possible, the episode also features a property ”sales person” … and the look from the other side… is… well… let’s just say we’ve got something to say about it!

‘Cos as you know folks, we hold a VERY strong view on these types of investments — and we’ve been very vocal about this since we first started croaking out this podcast — so why then … would we have an “an exception to the rule”???

Well… that’s where today’s episode comes in! ‘cos if you’re going to go there….. (and many of you STILL write to us about investing in Off the Plan properties AND House and Land packages.… then we want to make sure you stay FULLY informed.

AND we’re also going through a Q&A on this tackle this exact topic, so you might get the answer you happen to be pondering right now!

 

CLICK HERE to Listen to ABC’s The Money podcast episode — The financial risks of unregulated property investment advice

 

 

Other Free Resources Mentioned In This Episode

 

The Questions…

Question from Brittany

Hey guys! Absolutely love your podcast. Wanted to share something I found. The offer is – buy an off the plan apartment, and get a free Mazda 2. Reeks of a buyer beware scam! Is this even legal? I have never seen anything quite like it and had to share it with you guys.

 

Question from Alana

I have been listening to your podcast, I have invested in a house and land package in Tarniet, I will be owner occupier . I will be investing with a friend, therefore half the debt will be mine we will be investing around 450,000 total. There are proposed schools next door and a shopping mall and train station going in. Everything in your podcast leads to don’t buy a house and land package… have I stuffed this up already?

 

Question from Juan — Is It ALWAYS A No To Buy Off The Plan?

Hi guys, First of all – thanks for your great material! It’s great, ‘specially for someone like me who is new to Australia, understanding the way everything works here is gold. I have heard most of your podcasts and also done some research online and I wanted to ask a question around Off-the-plan investments that I still can’t understand. Everywhere people say it’s a big NO-NO. I understand the risks involved (delays, not seeing the finished product beforehand etc) but my wife and I have found an OTP property in a suburb we like (Bentleigh, within the Mckinnon School zone) and we think it’s a good place to live. The developer has done at least 3 different developments in the area all of which we like the finishes and have built it in perfect timing. I wanted to ask why would this be considered a really poor investment? Are OTP properties definitely a NO? I understand the case of Docklands and closer to the city suburbs where you had thousands of developments which made the price go down but in Bentleigh I don’t think this is the case. I have subscribed to locationscore.com.au and the score is relatively well considering that I will live in this property and it’s within my budget. I just wanted to get a sense of your thoughts around this as I am a true follower of your words of wisdom. Hopefully you have some words for me. Thanks in advance and keep up the excellent work of empowering people like me with information. Juan

 

Question from Phoebe

Hi Property Couch,

I have a question for you. My partner and I recently signed a contract for a 2 bedroom 2 bathroom apartment in Camp Hill, Brisbane. It is a brand new apartment building (small block – only 7 apartments). We plan on living in the apartment (for now but would like to rent it in the future – roughly 3-5 years time). The developer originally wanted $569k, dropped it down to $539k and we signed a contract for $529K. When applying for a home loan, the property was valued at the property $29,000 less than the purchase price. Their report considered market direction, volatility and segment conditions to be of medium to high risk. This is very concerning for us as first home buyers. We don’t know whether the banks are just being overly cautious. What are your thoughts on this? I know you mentioned in your very first podcast, if you are buying new, you are most likely paying too much. We think the apartment is really good quality and ticks a lot of our boxes. Help! Thanks for your time.

 

 

 

 

 

(Video Series) The Money Saving Hacks Series

[REVEALED] The Money Saving Hacks The Banks Don’t Want You To Know About —- Free 3-Part Video Series

Money Saving Hack #1 — How To Make Sure You NEVER Pay Interest on Your Credit Card

Money Saving Hack #2 — How To Never Unconsciously Overspend Ever Again

Money Saving Hack #3 — How To Put Your Finances on Autopilot

Fill in the form below and we’ll email you the videos right away!

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Throughout the 200+ episodes that we’ve done in this show, we’ve discussed money management many times. In our own Money SMARTS System, we could not emphasize more on the importance of having a deep understanding of your cashflow position, setting up your 7-Day Float, setting up your direct debit and much more. It’s pretty obvious that we’re passionate about money management and this is not unique to us. Other experts such as Paul Clitheroe and Effie Zahos, have also shared their money management tips and their episodes are often being referred to as one of our very best!

But we still often get asked on the mechanics of the Money SMARTS and more of the money saving hacks that we’ve shared. How does it really work? How can we set it up? Do banks really offer these structures?

So… that is why, Bryce has decided to record this Video series to help explain some of the Money Saving Hacks that the Banks don’t want you to know about. There will be heaps of illustration and resource materials shared in this video series that can help you implement some of the hacks right away!

What are you waiting for? Fill in the form below and we’ll email you the videos right away!

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RBA November 2019 – Signs that the Economy may be on the Up?

After three cuts this year alone, will we be expecting a fourth cut? It’s the first Tuesday of the month folks which means the Reserve Bank of Australia has just released their official cash rate!

And it looks like there are a bit more positivity coming into the economy! Here’s what Ben will be unpacking in this month’s session:

  • What’s happening in the US and the Fed Reserve?
  • Update on the US-China Trade Deal and how it’ll impact the rest of the world
  • The IMF Global Forecast for 2020
  • Where is Australia’s inflation trend going and where does the RBA wants it to be
  • Newest update from CoreLogic Housing Market Index
  • How’s the construction activities performing and will this improve the housing market?
  • Are there any positive bounce in consumer spending and sentiment following the tax incentives?

 

 

 

DISCLAIMER: This podcast is general information only and is an opinion comment by Ben Kingsley. The information contained in this video is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential viewer. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. No investment decision or activity should be undertaken on the basis of this information without first seeking qualified and professional advice.

The Property Couch, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warranties or guarantees. The Property Couch disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it.

For more information, please visit: http://thepropertycouch.com.au

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