Put your hand up if you want to fast-track to the day when you can choose whether to go to work or not? Okay. Hands down. Most folks — probably early morning on a Monday when the alarm goes off — have thought it’d be nice to have the option to roll back over… or simply get out of bed and have the whole day to do whatever you want, without worrying about where the money’s going to come from.
So that’s why today’s guest is gamifying the race to retirement — that is: she’s turning money management into a game… a fun competition where her and her partner are trying to beat how much surplus they can trap… and how fast they can race to retirement!
BUT, as all “real life” stories go, this one’s a bit more layered than that. In fact, it’s WAY more layered….
Because, for one thing, Athena Anca — the FINAL “everyday investor” who has put their knowledge into action and is tying up our 2019-2018 Summer Series — wasn’t always like this.
What’s most interesting is Athena actually used to SELL House & Land Packages! … And she and her partner Jason BOUGHT one as their first property!! Sure, now they’re investing in granny flats and planning for their dream home with a garage full of super cars, BUT…….
“Our first property decision was a setback in disguise. In 2016 we bought a house and land package based on first home buyer incentives that weren’t in line with our goals. Cue Bryce and Ben….
One episode at a time we learnt the difference between Investment Stock and Investment Grade, became my familiar with the lending landscape and finally channeled our discipline into managing money rather than it managing us. I only mind a little bit that our friends think we’re tight-arses! We became borderless investors and this year added our third property to our portfolio…”
– Athena on Instagram, Read out in Episode 236
Free Resources Mentioned:
- FREE BOOK!— Make Money Simple Again
- Episode 135 | Andrew Bogut – Why is this NBA Superstar Still Adamant on Investing in Property?
- Episode 261 | How to Hack Your Habits to Make You a Better Money Manager – Chat with James Clear
- Episode 236 | Revealed: Why Off The Plan Properties Almost Derailed a Property Portfolio
01:53 – The Money Backstory!
07:20 – How did Athena manage her money before she met Jason?
14:50 – The “tight-arse” money moments!
16:28 – Why invest in property?
16:58 – Gamifying the race to retirement…
18:28 – How had they set up their lending?
19:53 – Why didn’t they buy a house and land package again?
21:42 – Investing for Yield: Is a Granny Flat a Good Strategy?
23:10 – The “Super Car” story!
23:51 – What was it like selling House and Land Properties??
25:18 – The House and Land Sales Spiel…
30:21 – How much are the granny flats? How many beds, etc?
31:25 – … and the rent return for the granny flat?
32:37 – Pros and Cons of Granny Flats
33:15 – The Plan
35:20 – Athena’s advice for YOU….
35:44 – The Mindset Tips: How to overcome analysis paralysis
40:52 – Are they still tracking ever single dollar with Money SMARTS?
41:11 – What do they do differently with their 7 day float?
41:38 – How far ahead are they on their money target?
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