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421 | “I walked away with nothing”: How To Start Again and Build Your Financial Peace From Scratch – Chat with Jessica

By in Podcast, Summer Series

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“I worked hard my entire life and I had nothing to show for it…” 

 

Folks these are the words from today’s super special guest before she began her complete financial and self-described personal transformation.   

Born into an amazing family with terrible money management…Jessica learned the value of being financially independent from a young age.  

So how did she end up selling the first house she built…with multiple debts…and “walking away with nothing…”?! 

Tune in to find out now and discover the amazing, breathtaking journey she’s been on since then. 

From a lucky break with her first property to borrowing her mum’s life savings to building half a house, today’s multi-chaptered saga is truly a nail-biting, heart-warming tale with lots of laughs along the way.  

A true inspiration to investors everywhere – A huge THANK YOU to Jessica for sharing your story on the couch today.  

 

 

Free Stuff Mentioned… 

  • Want help with your sequencing? Reach out to our award-winning financial advisory! Book a free, no-obligation initial chat with our team here and see how we can help you on your investing journey 😊  
  • FREE Lifestyle By Design App: Check out Moorr the APP, our money management platform that’s now officially available as an app on Apple and Android. Check it out today and completely change the way you view and manage your money!  
  • See Jessica’s half-a-house below…

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 0:00 – The incredible story in store… 
  • 2:02 – Meet Jessica!  
  • 2:42 – Growing up with amazing parents, who were terrible at money management… 
  • 4:18 – How Jessica funded her love of horses!   
  • 7:18 – How did her family’s financial stress appear in her life?  
  • 8:29 – She still has her first bank account?!?  
  • 10:28 – The trade-offs in life    
  • 13:37 – From Hospitality to University to Bangalow  
  • 15:24 – “I walked away with nothing…” 
  • 16:55 – Her Lucky Break: Putting down the $5K deposit for her first property!  
  • 18:23 – Getting out of debt…   
  • 21:25 – A word of advice from Jessica on cars!   
  • 22:43– Building half a house?! (Check out the pics in our show notes!)  
  • 27:42 – Gardening while listening to us…and where it led 
  • 29:57 – Thanks mum & dad!!  
  • 32:01 – “And then I did something I wouldn’t recommend to anyone…” (& how she bought a winner!)   
  • 36:25 – One of the most powerful things Jessica has gained from our podcast 
  • 38:23 – Her next investment project…. 
  • 41:15 – A note on Nambucca Heads 
  • 45:22 – Jessica’s goals for the future 
  • 46:40 – Turning Australia’s ship around, co-share living and the future of Australia’s property market (you heard it here first! 😉)  
  • 50:48 – How does she feel about today’s rising interest rates?  
  • 54:55 – Ladies! It’s important to get onto the property ladder… 
  • 57:28 – (Psst…Our Moorr platform is now available as an app!)  
  • 57:55 – A huge thank you all round!   
  • 1:01:49 – Seriously, what a transformational and empowering story!!  

 

420 | How She Did It: A Single Mum With A 7 Property Portfolio On 36K?! – Chat with Mandy

By in Podcast, Summer Series

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“Some days, I had to choose between feeding the kids and driving them 27km to school…”

 

Folks, some stories are just so insanely awe-inspiring and jaw-dropping that it’s hard not to listen to it twice (or three times!).

The story that today’s Summer Series Guest is sharing with us, is one of them.  

Meet Mandy: a champion mum from the remote town of Forbes.   

Growing up with absolutely NO money conversations around the table, she was constantly in “the bottom percentile” at school and at just 18, became pregnant. 

This is just the very beginning of Mandy’s amazing and transformational journey.  

Without giving away too much, tune in to hear as Mandy swings from her darkest period to her hustling years to now owning a flourishing property portfolio with 7 investment properties… 

While never earning more than 36K a year AND raising 2 young kids by herself 😮 

A truly heart-stopping, eye-opening tale that follows one woman as she grows up in a low economic demographic and proceeds to break through every mental, financial and emotional barrier placed before her.  

Thank you for sharing your incredible story with us Mandy, your vulnerability and openness is an inspiration to investors everywhere.  

Give it a listen now folks!  

 

Free Stuff Mentioned… 

  • Want help with your sequencing? Reach out to our award-winning financial advisory! Book a free, no-obligation initial chat with our team here and see how we can help you on your investing journey 😊  
  • FREE Lifestyle By Design App: We’ve just launched Moorr the mobile app! Take smart money management with you wherever you go, with tons of new exciting features. Check it our on Apple and Android and completely change the way you view and manage your money!  

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 0:00 – The amazing story we’re diving into today… 
  • 2:34 – Inspired by Moorr!   
  • 3:42 – Meet Mandy Sweeney 😊  
  • 4:16 – They NEVER talked about money?!?  
  • 6:46 – The #1 biggest thing she learned from her parents  
  • 8:59 – “We knew the value of the dollar”  
  • 9:36 – The Baby Boomer Era: All about paying off the mortgage 
  • 11:25 – Her First Job & Hating School  
  • 14:33 – A diverse family history: No university degrees & no animosity! 
  • 16:36 – Pregnant at…18?!?   
  • 17:10 – The foray into property investing (+ her first child)   
  • 19:22 – Mandy’s Money Management System   
  • 21:24 – 10 years later, her life completely changes again….  
  • 22:31 – The first house flip   
  • 25:24 – The Car Loan She Just Couldn’t Take (to buying a block of land??!)  
  • 27:29 – “I knew I was destined for low-wage earning”   
  • 28:59 – How she’s never bought a house with her own money!   
  • 29:54 – If she’d stayed in a relationship, then THIS critical habit wouldn’t have changed…. 
  • 33:16 – The Transformative Power of Reading 
  • 36:23 – Why Mandy didn’t discuss property with her family or friends  
  • 38:36 – Buying houses like she buys shoes?!? (+ her retirement goals)  
  • 40:45 – Everything Goes Downhill & How She Got Out Of It!  
  • 42:38 – “I had to choose between feeding the kids and driving them to school”  
  • 46:00 – Earning 35K and sending her daughter to a 34K boarding school… 
  • 51:12 – Fast Forward: 5 dual-earning properties?!   
  • 51:55 – Buying an ex-banking building?! 
  • 54:58 – How Mandy set up her kids financially…   
  • 57:21 – “A dollar earnt is not the same as a dollar given”   
  • 58:48 – What does her property portfolio look like today?  
  • 1:01:35 – This is what drives her… 
  • 1:03:08 – How does she implement her MoneySMARTS?  
  • 1:07:52 – Mandy’s message to the community   
  • 1:10:22 – The Challenges with Financing in Smaller Towns
  •  1:18:01 – WOW! What an unbelievable story… 

 

RBA Cash Rate December 2022: Has Australia Reached Its Inflation Summit?

By in Podcast, RBA Announcement

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As we start to close out the year that was, the Reserve Bank of Australia (RBA) has just released its last official cash rate for 2022!  

As global economic outlook shifts to a more “positive” note with the US and Australia seeming to have escaped a recession, have we just received another early Christmas present from the RBA?  

Tune in to find out if the cash rate has been paused for the first time in 7 months, plus Ben unpacks these key themes in this month’s economic update: 

  • The slowing of interest rate hikes in the US  
  • A case for pausing interest rates in Australia moving forward  
  • How the property market will finish out 2022 and begin 2023 

Quick tip! If you’re keen to forecast your cashflows through this period, use the handy MoneySTRETCH feature on our free money management platform, Moorr. Click here to sign up or log in. 

 

Plus, Ben also includes his latest news and commentary on…

👉 The RBA’s Official Cash Rate!  

👉 Adjusted OECD Global Outlook Forecasted Figures 

👉 Why US interest rates will always go higher than Australia!  

👉 China’s low inflation figures yet Zero COVID Policy economic chokehold  

👉 Is the Eurozone set to go into a recession in 2023?  

👉 Has interest rates finally curbed spending here in Australia?  

👉 Employment levels reach record highs!  

👉 Property prices continue to tumble (Note: Folks, there is no such thing as a typical National Dwelling Property!  Tune in to Episode 418 where we explain why it’s all about “markets within markets”!)  

👉 Ben’s Big Property & Economic Predictions for 2023 

👉 CoreLogic’s Home Value Index: 31 November 2022   

Plus much more! 

 

Free Resources Mentioned:

🔥 The RBA’s Financial Stability Review – October 2022

🔥 Episode 418 | The Hidden Forces Driving Property Values

🔥 Related Episodes:

 

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

 

 

 

 

 

 

419 | Proof Is In The Portfolio: From Leaving School At Year 11 To Owning A $4.5M Property Portfolio – Chat with AJ

By in Podcast, Summer Series

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 It’s finally here folks. It’s the time of the year we’ve all been waiting for (that’s almost better than Christmas 😉).

Today we’re kickstarting the VERY FIRST episode of our 2022-23 Summer Series!!!  

And boy do we have a FANTASTIC lineup of guests for our 5th Summer Series, each with their own absolutely amazing, jaw-dropping stories which are all about this year’s theme… 

What Drove You To Act?   

Inspired by the crux in every movie.

The inspirational light bulb moment.

The Penny Drop “A-ha” moment.

These are the pivotal moments that every successful investor has faced in their property investing journey.  

From their origin story to their darkest-before-dawn moments to their “rising from the ashes”, we’re kickstarting this awesome series with the unique story of AJ.  

 

 

 

We’ve all heard the idea that life’s about making the most of your youth and you can “figure the rest out” later, but what happens when you choose the life-changing and highly rewarding path of delayed gratification?   

Well folks, you’re about to discover what happens because this is the inspiring story of AJ. 

From growing up in a financially tight household to the pivotal moment in his childhood that transformed his entire family’s dialogue around money… 

He’ll be sharing how he invested in his FIRST property at just 16 years old (Yep. You read that right! And did we mention he COMPLETELY self-funded it?! Tune in to 15:22 to find out how!) 

The failproof investing style that’s bought him his successful 6-property portfolio (and you can implement it too!)… 

And all of life’s journeys in between, taking him from Afghanistan to Antarctica to Darwin and beyond. 

There are also NO budgets, a divorce and some truly great words of wisdom from AJ tucked in between the pages of this week’s episode. 

A truly impressive and stirring story. A ginormous thank you to AJ for taking the leap of faith with us this year and sharing his amazing story with our community.  

 Listen now folks for an instant boost of motivation! 😊  

 

 

 

P.S. And for those parents who are tossing up, ‘how much should I be telling my kids about money?’, listen to 1:03:58 to find out how Bryce & Ben are navigating this tricky question.  

 

Free Stuff Mentioned… 

  • Want help with your sequencing? Reach out to our award-winning financial advisory! Book a free, no-obligation initial chat with our team here and see how we can help you on your investing journey 😊  
  • FREE Lifestyle By Design App: Check out Moorr the APP, our money management platform that’s now officially available as an app on Apple and Android. Check it out today and completely change the way you view and manage your money!  

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 0:00 – Woohooo!! It’s the 1st Ep of our 2022-23 Summer Series!!   
  • 1:55 – We launched Moorr the APP!  
  • 3:53 – Welcome Andrew! (aka. AJ)  
  • 4:30 – He did THIS at just 14?! 😮  
  • 7:55 – How did AJ pick up his family’s tight financial situation?  
  • 8:50 – The Money Story Growing Up  
  • 10:05 – This completely changed his family’s dialogue around money… 
  • 10:44 – AJ bought his first investment at HOW old?! (This is INCREDIBLE folks…) 
  • 11:44 – The university push & changing generational beliefs  
  • 15:22 – He saved THIS amount in his first year…and what he almost bought (Thanks dad!)  
  • 16:48 – The Process & Structure Behind His First Property  
  • 20:26 – The second property & getting his trade   
  • 21:10 – “I only went to year 10 but I can work that out…” 
  • 23:31 – How AJ buys his properties with no emotional attachments 
  • 26:22 – Being shipped out with the army & the third property   
  • 29:30 – A tenant of 19 years?! How AJ deals with his tenants    
  • 30:53 – Moving from Darwin…    
  • 33:03 – The ONLY splurging he does  
  • 34:23 – He’s never had a budget?! How does he do it?!?  
  • 36:01 – The Biggest Investing Driver For AJ  
  • 37:25 – He fell into this investing fallacy… 😉   
  • 38:38 – Overcoming relationship breakdowns & joint investments  
  • 42:46 – Meeting the love of his life…before moving to Antarctica?!?  
  • 44:04 – NSW folks: Beware Gazumping!!  
  • 47:49 – The journey to finding his dream family home…  
  • 51:15 – “It’s funny to pay more for one property than the entire sum of 5 others”  
  • 53:38 – Debt levels & the Golden Q: Is he done with his portfolio?!  
  • 57:04 – The Trade-Offs 
  • 59:04 – AJ’s message to the community 
  • 1:02:48 – How much should you be telling your kids?! 
  • 1:03:58 – This is how Bryce & Ben navigate it…  
  • 1:07:45 – Thank you for sharing your story AJ!!  
  • 1:11:36 – Ben’s changing up?!?!  
  • 1:08:35 – A fantastic start to an awesome lineup of guests…  

 

418 | The Hidden Forces Driving Property Values

By in Podcast

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“Property is a voting machine in the short term and a weighing machine in the long term.” 

Folks, these words form the beginning of one of our most important episodes (and also our LAST formal episode for 2022!! 😮 But don’t worry, we’ve got an AMAZING Summer Series coming at you next week. But back to this week…)  

In light of the rising housing values, we’ve heard SO many people say, “Surely property prices can’t go up anymore?!?” 

And this is exactly what we’re speaking to when we’re divulging…  

What Drives Property Values?!  

From economic activity to human interest and behaviour, what actually causes these prices to go up? Is there a secret framework to help you accurately predict which markets are about to “boom”? (Spoiler: Yes there is! 😉)  

And ultimately, “is it possible for them to keep going up – and is it bad if it does?!” 

In Ben’s words, “Today’s episode is a MEGASODE!!!”. Tune in now to hear all of this evergreen wisdom and more!  

  

 

P.S. Massive Black Friday Sale Incoming!!! 

We turned our chart-topping, evergreen property investment book, The Armchair Guide To Property Investing into an audiobook!

Normally valued at $37, we’re doing something super special this year… We have created an awesome bundle!

For Black Friday, we’re offering our Property Couch community this bundle for just $4.95!!

We’ll be releasing what’s in it and how you can get it – with a massive 86% discount – in tomorrow’s email, so keep your eyes peeled in your inboxes tomorrow!

 

Free Stuff Mentioned… 

  • WE’VE LAUNCHED THE MOORR APP! Check out our FREE brand-new Lifestyle By Design app with the same great MoneySMARTS system (plus more cool features!). For Apple users click here, or for Android users click here.  (or our web version here!) 
  • It’s Black Friday Tomorrow!! Keep your eyes peeled for an email tomorrow with an 86% discount on something very special… 😉
  • Free Report: Read Relationships Australia’s latest 2022 findings here.  
  • Free Article: Read Money Mag’s Article on “Aussies to spend $6.2 billion on Black Friday sales” here. (From Ben’s What’s Making Property News)  
  • Examples: See some examples of Singapore Properties at Chestnut Drive ($20M) and Nassim Road ($56M!) from 1:27:25!   

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 0:00 – The Gold Today  
  • 1:59 – IT’S HERE! We have reached this amazing milestone with Moorr! (And this is how much it costs…) 
  • 9:20 – Woohoo!! Our Summer Series starts NEXT WEEK?! 
  • 10:44 – Money creates relationship problems for 1 in 5? 🙁  
  • 20:25 – This is the BIGGEST fear for most investors… 
  • 22:31 – Why this episode is so important (and how the idea was born!!) 
  • 23:53 – The Weighing vs Voting Machine 
  • 26:32 – What Drives Property Values in the SHORT TERM (The Affordability Answer) 
  • 28:32 – Beware the Block Effect!  
  • 31:08 – From Detroit to Broken Hill: what happens when demand and supply fail  
  • 37:25 – Here’s what you should be considering… 
  • 38:15 – What Drives Property Values in the LONG TERM?!? (plus, a bonus Scene Setting Story from Ben: “When the first fleet came….”)  
  • 40:16 – Land is valued based on its P___ U___ 
  • 41:28 – The 7 types of land in Australia (+ their use!)  
  • 49:30 – The power of repurposing land  
  • 51:18 – …and this is where human behaviour comes in!  
  • 53:49 – The Veblen Social Psychological Model (& its 6 factors!)  
  • 58:08 – Why are certain mega-rich pockets sustainable?!  
  • 1:00:12 – THIS is the most important indicator of long-term land value!  
  • 1:00:51 – Causation vs. Correlation!  
  • 1:01:54 – The Flywheel Concept (aka. Why property prices WILL continue to go up!)  
  • 1:08:40 – This is the role of politicians!  
  • 1:10:53 – Key Takeaway #1  
  • 1:11:02 – Will Sydney be ever knocked off its perch?!  
  • 1:13:22 – THESE are the factors we look at!  
  • 1:15:56 – Key Takeaway #2   
  • 1:19:50 – Key Takeaway #3 
  • 1:23:12 – Key Takeaway #4: Singapore: A prime example of this! (See our show notes to see these examples!)   
  • 1:30:16 – So… What does this all mean?!? (And how can you apply it?!)  
  • 1:32:09 – What about Lifestyle Locations?  
  • 1:34:33 – Let’s Recap (and let us know what you think on our socials!)  

And… 

  • 1:36:06 – Ever wanted to sign a document…digitally? Here’s how.  
  • 1:38:30 – It’s true 🙁 Australians really do try to ‘keep up with the Joneses’… 
  • 1:40:15 – psst — Check out Moorr to avoid falling into this trap!  

 

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