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Episode 297 | Closing The Gap: How This Indigenous Investor Is Pioneering The Way Forward – Chat with Nancia Guivarra

A little while ago, today’s guest reached out to us and said this, I’d really like you to interview an Aboriginal person (I’m one) as I think finance isn’t really our focus.”

And, just like that, the brainchild of this episode was born (Bryce is about to fill you in on how the rest unfolded…)!

Here’s the deal folks… financial literacy and its summit – financial peace – should be inclusive for everyone. So, today we’re walking you through the challenges and opportunities faced by Aboriginal and Torres Strait Islander peoples when it comes to wealth creation. Because there’s one very special person pioneering the way forward in this space…

Meet Nancia Guivarra; once a “stranger to money”, but now a pioneer for wealth creation!!

Nancia is a Meriam (Magaram), Wuthathi and Bindal Juru woman who was born in Brisbane and raised in Gladstone, Queensland. She has more than twenty years’ experience in media production, communications, entertainment, the arts and government policy. A former journalist, Nancia worked with National Indigenous Television (NITV) and as Head of Communications for the National Centre of Indigenous Excellence in Redfern, Sydney… and she now currently runs her own freelance communications consultancy company Amneris Pty Ltd.

 

And, yep… Nancia’s also a property investor (she’s bought and sold 5 properties at that!)… and she’s here to improve the financial literacy of Indigenous Australians AND spread the word Why Financial Inclusion Matters…

 

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What we cover…

 

 

 

Episode 296 | (Part 2) How To Reach The Summit: Achieving $2K Per Week in Passive Income – Q&A

We’re picking up where we left off last weekhow to create $2,000 per week in passive income and actually design the lifestyle you’re proud of (instead of just daydreaming about it)!

This means we’re riffing through a stack of listener questions, including how to speed up the process (and what’s at stake if you do), the true power of compounding and the ‘secret sauce’ of property investing that has nothing to do with the amount you earn.

Plus, we’ll explain WHERE the smart money goes and why there’s always a “Flight to Quality” (something we’re currently witnessing… even during a pandemic!).

You’ll get the pros and cons of active vs passive investing, a mindset reframe on how to look at debt and, excitingly, a case study demonstration of capital growth versus yield! (yeah, Ben did a bit of homework for this one… shock horror!)

We obviously blew out with our answers (as per usual) so it’s another epic episode, but we’re positive the science of achieving $2K per week as a passive property investor (aka. reaching the summit!) is going to help set you up for life and take your property, finance and money management knowledge to the next level 😉

All Q’s listed below. Enjoy!

 

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And here are the questions!

Question from Esha Frykberg
Any advice for those who want to be able to semi retire on less with the portfolio sitting in the background working towards that goal? i.e. having a portfolio that is making $1k/week by age 50 with the aim to be making $2k/week by 65, or is this just going to be the natural progression of a maturing portfolio. Would like to be able to gradually have the option of winding back work rather than working hard for 20 years and stopping.

 

Question from Craig Chalmers
If looking to keep a $2k per week passive income in retirement. When do you switch from growth to yield assets for passive income? Or do you purchase both during acquisition phase as a balanced portfolio and then sell down the growth asset to realise the gains and pay off the yield asset for holding for passive income?

 

Question from Steve Gilmore
In retirement would you prefer $2 million worth debt free, or $4 million with 2 million debt?

 

Question from Adam Wild
Legends! first time caller, long time listener. What are the pros and cons of a passive vs active strategy to retire debt? What would you guys prefer given the choice to do either?

 

Question from Megan Mary
How do you achieve it without waiting 30 years+?

 

Question from Craig Cooper
How truly do-able is it over a 10-year time frame?

 

Question from Jeff William Simons
How do you keep patient and resist the temptation to sell?

 

Question from Kosta Dokolas
What strategies do you recommend to retire down the debt sooner than the 20-25 year slog? Thinking about older investors close to retirement or ambitious investors looking to get to that 2k per week sooner. Love your work, go blues! 😜

 

Question from Steven Jermey
Tips on speeding up the process on one income, ie 70-90k pa. I’m onto 3rd property (cheeper properties while renting. Interested on your take for the lower “average” income. For me it’s taken a long time, and balance between quality of life now (with a family) and looking to the future.

 

Question from Jared Kennedy
Is it possible on a single income (without any dependents)? Earning between 70 – 80k a year?

 

Question from Arty McFarty
I’d like to see the figures behind your claims.

 

 

 

 

Episode 295 | How To Reach The Summit: Achieving $2K Per Week in Passive Income – Q&A

So… earlier this week, we posted this on our Facebook page:

And the response was overwhelming! Thank you to everyone that everyone that wrote in and that’s why, in this Q&A episode, we cover everything you need to know to build a property portfolio that pays you a passive income you can live off.

Here’s the deal… if you’ve listened to us for some time, you’ll know already that we bang on about “$2K per week” a fair bit. So, first we’re going to tell you what we mean by this “magical” number. Including why it’s NOT magical at all, but instead is actually ACHIEVABLE for many folks!

From there, we’ll dive deep on the considerations and investment strategies to build a portfolio, like the big one – how to finance multiple properties without significantly impacting your cashflow! Plus, we’ll walk you through heaps of new questions on this topic AND share the secret of reaching the summit of $2K per week!

It’s a big episode, but we’re about to deliver some fresh gold nuggets as well as some quality reminders. Tune in now & let us know what you think!

Psst… We’ll be continuing this episode next week as we received a tonne of questions on the “Who, What, When & How” of achieving a passive income… so keep an ear out for that.

You can suss all of the questions we answer today further down 😊

 

To the summit we go!

 

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Questions Answered In This Episode…

Question from Mark Bradicich:
Is it $2k clear of expenses?

 

Question from Samantha Dean:
How many properties, earning how much per week would you need to acquire within your property portfolio in order to earn a passive income of $2000 / week ? And would this be $2000 / week income be during length of loan (say year 10 of the loan – when it’s negatively geared?) or once loan is entirely paid off and all income coming from said property is positively geared?

 

Question from Hugh Nitt:
2k is a great target! Is it possible/likely for a couple to achieve this income individually as a goal? Granted that every couple would have their own set of specific financial / income scenarios that impacts this goal. For example, a combined 2k each. 4k total passive income. How rare is this to achieve?

 

Question from Christine Browning:
If you are over 58 can you still achieve this?

 

Question from Helen Harrison:
I’m 52 years old and woken up to passive income. Have I left it too late to build wealth? Have equity in my home of residence. Educating myself including a daily lunchtime dose of your podcast!! Thanks

 

Question from Jenny Ann:
With $500k to invest and low cash flow, can this be done and how? (Ps I’m 54, single and a sole trader with only 4 months income statements, otherwise debt free).

 

Question from Sabrina Gajnabi:
What is the best way to find an investment savvy mortgage broker?

 

Question from Benjamin Tuxford:
What is the best way to find an investment savvy mortgage broker?

 

Question from Angus O’Loughlin:
At what stage do you go to principal and interest to try and retire the debt?

 

Question from Angela Niznik:
s it a good idea to sell an investment property to wipe out most of the mortgage on own home and significantly improve cashflow for further investments property purchases?

 

Question from Mat Newbury:
Is using LMI a good strategy to buying a third investment property to get in quicker? Seeing as the LMI is tax deductible. Rather than waiting for the equity to build and potentially missing out on a good buying opportunity in that time. Currently have one in Melbourne and one in Brisbane and am a borderless Investor. Would love your advice!

 

 

 

Episode 294 | The Secret To Triple Returns: How This Socceroos Star Changed The Projection of His Entire Future – Chat with Chris Ikonomidis

* yes, this is one of Ben’s favourite episodes EVER! *  

Have you ever been around someone who you “just know” is going to be successful? Like, really, really successful?! They talk differently. They think differently. It’s like you can see that the “thing” driving them is coming straight from the core who they are, or something… and, almost always, they aren’t afraid of going against the grain, doing things differently, right?!

Well, it can be argued (and rightfully so!) that today’s guest is already REALLY successful, especially from a career point of view…  BUT what makes this guest so impressive is something else… there’s WAY more to them that made us go, “Wow!” multiple times during this interview, actually!

Here’s the deal…

Today we are interviewing 25-year old Australian professional football player (or “soccer” player for some 😉) who plays attacking midfielder or winger for the Socceroos and Perth Glory… Chris Ikonomidis!!

Yes, that means he’s playing “The World Game” at an ELITE level… but it also means that his teammates are often cruising around in their new Lamborghinis and diamond Rolex’s when they’re not on the football pitch…

But Chris?! Nope. Chris is playing an EVEN BIGGER game. See, he’s resisting the lavish lifestyle now ‘cos he’s fully aware that his sporting career won’t last forever.

And that’s where today’s epic episode comes in…. we’re doing a LIVE Critique of Chris’s Property Plan… that is… what properties he’s invested in, what he’s thinking of  investing in (and if it’s a good idea or not) and how he’s managed to switch his mindset to stay focused on the long-term play!

This episode’s packed with wisdom ALL of us (yes, that includes us too!) can leverage from and money tips we can apply in our own lives.

Highly recommend this one, folks! Tune in now & let us know what you think!

 

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RBA July 2020 – Victoria’s Lockdown Slows The Speed Of Recovery & The Air Is Colder Up High

It’s the first Tuesday of the month… which means the RBA Board has met and announced the official cash rate!

This video features my update on the cash rate, as well as the increase in case numbers and “postcode lockdowns” we’re seeing here in Victoria — and how this will impact the overall economy moving forward. Plus, there’s definitely a property story taking shape, both good and bad, which is something I want EVERYONE interested in property investing to know about…

What’s discussed in this Update?

  • China: A story of compliance and success in stopping the virus
  • The US Politics and Economy
  • Global Equity Markets
  • Consumer and Business Confidence
  • Retail Spending
  • Credit and Lending – Personal and Business
  • Property Market News
  • Is there a Fiscal Cliff and will we see house prices fall?

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

 

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

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

 

 

 

 

 

 

Episode 293 | What Property To Buy & Practical Tips For Asset Selection

Have you ever wanted to know what property an investor should buy? It’s a question we get asked ALL the time and for a very good reason…. pick the wrong property and you’re in trouble!
So today’s central theme is all about Asset Selection! i.e. What type of property should an investor buy? What indicators can we measure to prove it’s a good one? How can you increase your capital growth?

You’ll get the answers to TEN quality (and recent) questions from our listeners… and we’re not holding back with our responses! (to the point where we actually had to tell ourselves to hurry up so we could get through all ten for you..!!)

This episode is a must-listen for anyone even remotely interested in property investing, folks! So plug in your head phones now! You can check out all the questions we answer below. And remember to write in here if you have a question for us, or follow us on Facebook so you don’t miss out on impromptu shout outs like the one that inspired this episode!

Finally – Asset Selection is one of our Four Pillars of Mastery for a reason, folks! So please choose wisely when it comes to your investment property! Tune in now and get the practical tips to find an investment grade property… 🙏

 

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Questions

Question from Sambooks
Long time listener, first time engager.! We have been epically saving for our first home, which we would like to have the option to make an investment property when we grow out of it. Only catch is we currently live and rent in the Whitsundays, which is struggling significantly due to lowered tourism rates from COVID. Having listened to the podcast for over 2 years, I understand the risks of purchased property in a location with a poorly diversified economy. Understanding that you are unable to provide personal financial advice, is there anything else we can do to mitigate the risk, as we love the area (& both have stable employment) and can see the potential of some of the lower range properties coming into the market.

 

Question from Matt
I often see properties bought by Empower Wealth with the historical capital growth rate – on Facebook, Instagram etc. Is this a factor to consider when deciding whether a property will perform over the long term (20+ years)? Thanks in advance

 

Question from Todd
Q: Borderless Investing / Buyers Agents

My partner and I are looking at buying our next property interstate to 1) diversify our portfolio and 2) reduce land tax liability. Are there Buyers Agents which cover Australia wide who can give an objective view of which interstate market to buy in? Or do we need to reach out and find a local buyers agent in each state?

 

Question from Dan
Obviously depending on your own horse and what course you want to ride, but typically speaking Is it worth having 2 smaller to mid-range properties delivering high yield ($300-350k with 6% y) or worth chasing a high growth high level home (600-700k with 3%yield)?

Or even if the yield and growth stories were aligned, is 2 at half the pa income better than 1 at full pa income? Lower or higher risk?

(Psst… Bryce and Ben here. If you’re interested to learn more about this subject beyond our answer, check out this free case study on growth versus yield 😉)

 

Question from Kieren
Tossing up between moving into one of my rental properties as I have been renting the last twelve months after selling my last home ($1 saved is better than a dollar earned at the minute). Do you think this is a good strategy to ride out this COVID storm rather than buy right now? I want our next property to be the big rock in the jar. I also want to buy acreage, what are your thoughts on samford valley in Brisbane for long term Growth?

 

Question from Jack
Getting the location right can be narrowed right down to the street but as an investor holding long term and not actually wanting to sell, is it better to try get a house on that busy street in an a grade suburb at a discount so when getting valuations and comparable sales in the future it will work in your favour?

 

Question from Matt
Thoughts on buying defence housing Australia projects? I wouldn’t buy new as I understand you’re buying the developers margins but would you buy as the second or third owner once the market has caught up?

Are there any downsides to permanent long term leases. I believe you’re locked in with their real estate agent that’s a much higher management fee (around 16%) but they cover any minor repairs and at the end of the defence lease they refresh the house up to ‘new’ standards.- new carpet, fresh paint ect

 

Question from Damien
Could Bryce and Ben talk about active investing fixer upperers, buying to subdivide and build units, and buying 2 bed-1 bath period/character homes to turn into 4 bed-2bath homes

 

Question from Jarryd
I bought ‘house & land’ 3 years ago before I was educated. What can I do now to ensure growth?

 

Question from Matt
Is putting a granny flat out the back a good idea when retiring out the debt? Pros and cons?

 

 

 

 

 

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