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201 | Money Lessons for Kids

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Today’s show is a special shout out to our parent-folk out there (and for those who might one day be one)! Heck, if you just want some foundation money management tips, you’ll find some golden nuggets here too!

What we’re about to unpacked is a framework-stacked episode featuring THE Money Lessons for Kids — more specifically, how to teach your kids about money! Because, let’s face it, money makes the world go ‘round… so if our young folk aren’t given a proper head start as to how it all works, their futures will be impacted. It really is as simple and as straightforward as that.

So, how do you work out when and how to teach them?

Well, with 2 young boys each, we’ve asked ourselves the same thing. We get it — trying to run a household, manage your own money AND make sure your kids grow up to be respectable, decent and bright humans is no easy task. Adding to that the necessity of teaching them about money so that they can, not only survive in the big wide world but actually thrive in it… well, even we could do with some insights!

That’s what we want to give YOU today (if you’ve got more tips to teach our own kids too, we’d love to know!)…

 

Before plunge into the murky waters of Money & Kids 101, here are a few bits of housekeeping and the free resources we mention in today’s show…

Oh, and because kids learn A LOT just by watching what you do (so the way you manage your own money really matters), here’s a shameless plug for our new book, Make Money Simple Again!

As Bryce mentioned, his TV show Escape from the City premiers on the 3rd of January 2018! So make sure you spare some time between the cricket to check it out! Just a heads up, he’ll personally be appearing on the show a few weeks later on the 31st January 😉

 

Here’s what you’ll learn from today’s episode…

 

 

RBA Dec 2018 Announcement – Stock Market Corrections

By in Podcast, RBA Announcement

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

Ben’s update today focuses on not only the cash rate, but on the biggest story of the last six weeks as well… the stock market corrections!

Plus, Ben explains why Scott Morrison’s latest announcement signals the timing of the upcoming election, and how this will impact the economy moving forward.

So… for the last Cash Rate announcement of 2018, what will be RBA’s decision on the cash rate?

Most namely the biggest story of the last six weeks, and certainly into November, has been the stock market corrections that we’ve seen around the globe on the fears of a slowing global economy. You can also factor in the spike that the US economy had and the US share market had through the lower tax rates introduced by Donald Trump. So we’ve got that as a backdrop, but also the share market has also lost confidence because of the trade wars that are going on.

Interestingly, over the weekend China and the US met and they’ve put a truce in place — well, it’s short term so it might be a false dawn, but we have a truce in place — which means the US aren’t going to increase their tariff percentages and China has promised to buy a significant amount of US goods.

What has that meant? Well, we’ve definitely seen the stock market have a very, very good couple of days and that’s potentially put some confidence back into the broader stock market, and hopefully the broader economies around the world. But it is short term; we need to get through this Christmas period, which is going to see some significant changes.

If you’d like to check out his previous commentaries, click here.

 

 

 

 

DISCLAIMER: This video 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

 

200 | Paul Clitheroe – Timeless Wisdom from the Original “Money” Guru

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Folks, it’s finally here…… our 200TH EPISODE!!!!!!!!!!

Pheeeeeeeeeeuuuuuuuuppppp!!!!

(This is as close as we can get to a Party Horn sound.)

And, boy, do we have a legendary episode for you!!! To give you an idea folks — when we locked in today’s guest, Ben was cartwheeling and high-fiving all over the joint. And for good reason… because joining us today is none other than THE “Money” man himself, Mr Paul Clitheroe!!!

Look, we probably don’t need to tell you that from 1993 – 2002, Paul Clitheroe was indeed a household name — appearing in people’s lounge rooms as he hosted the wildly successful show Money on the Nine Network. Yep. Almost one in two households were watching his show, so if you’re like us, and you’ve got a bit of “salt and pepper” in your hair, chances are you were one of the folks watching!

For those Gen Y-ers who might not know Paul, he (along with his uni mates) founded the leading investment research and advisory company ipac, back in 1983. He’s got more than a handful of books to his name — Money, Marriage and Divorce, Making Money, The Road to Wealth, Free Yourself from Debt, Make your Fortune by 40… and this isn’t even all of them! You can stalk all of his books here.

To put the cherry on his very successful career, Paul’s gone on to dedicate his professional life to serving others, having been an active advocate of financial literacy for DECADES and championing ASIC’s MoneySmart Schools. To give you an idea, he’s Chairman of the Australian Government Financial Literacy Board and Financial Literacy Australia, as well as the Chairman of InvestSMART. Oh, and he’s also Chairman and chief commentator of Money magazine.

Yep. Doesn’t get much better folks!!

Well, maybe it does… because we’ve got him for over 1.5 hours of rock-solid gold!!! (Yep. You might need to listen to both ways on your commute!!)

The even better bit?

… Paul comes with real life money hacks AND he’s also a ripper storyteller!

 

Before we kick off this epic-of-epic episodes, we’ve also got YOU a gift for our 200th episode……

CLICK HERE to Get The Gold from our very first 20 episodes in 80-odd pages of foundational property investment tips

These pages flood the bucket with golden foundational tips and actionable takeaways! They contain a lot of our best stuff, and our later episodes draw on the insights from these earlier ones. So it’s crucial you pick up the gold in these, so you don’t miss out on this really important info (also saves you from trolling through hours and hours of these podcast eps!).

What’s included in this Bingeguide?

  • 89 pages of checklist, diagrams, tables and summary notes of our first 20 episodes
  • Understanding asset selection such as Know where to buy, Pick the right property, Time the market and more
  • Structure your home loans without hitting “glass ceilings” and managing your money well at the same time
  • Lessen your risk and apply the fundamentals
  • How to avoid spruikers and bad advice and conquer your investment strategy
  • And much, much more.

Click here to download it or simply fill in the form below and we’ll send it to you right away! 🙂


  • Are you also interested to have a better understanding of your cashflow position via our FREE Money SMARTS Platform?
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AND BACK TO TODAY’S 200th EPISODE…

  • When did Paul start to think about money habits?
  • What was his parents’ relationship with money like?
  • How can parents teach their kids about the value of money?
  • How do you affect behavioural changes around money?
  • What was Paul’s financial mistake?
  • How much did the money his parents put aside turn into?
  • What little things you can start to do now that overtime will have huge benefit?
  • Is there a link between happiness and a person’s salary?
  • If so, how much do you need to earn before your happiness is no longer affected?
  • What are kids now being taught in schools? (Head here for more)
  • Are humans programmed to spend 10% more than they earn? How can you fix this?
  • How did Paul overcome his own financial issues when he started his own business?
  • How did he end up on ABC’s Four Corners?
  • What was it like meeting Kerry Packer???
  • What do most people think when they see a suit and tie?
  • How was juggling a growing business, a family and television?
  • What are the common questions Paul gets about money?
  • What’s Paul’s #1 Money Tip?
  • When did Australia sell the greatest number of CommBank shares? And why is this relevant?
  • What’s Paul’s views on the changing property market?
  • What’s the “aggregate economic effect”?
  • What does Paul think about the proposed changes to negative gearing?
  • Have Australian voters become “Red lolly suckers”?
  • What was the BEST advice Paul ever received?
  • And here’s the link to the Two and Half Men Video! Watch here.

 

P.S. Here’s to 200 more episodes folks!

P.P.S. And if you’re looking for some practical money-saving hacks, check out our video series below!

[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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199 | Q & A – Future Proofing your Portfolio in a Changing Market

By in Podcast, Q&A

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Folks, with State Election around the corner and the Federal Election less than a year away, it’s time to future-proof your portfolio.

The market has changed and will continue to change. We’ve also got some challenges in the Macro landscape as well — lending regulations, potential changes to negative gearing and interest rate rises, just to name a few.

So you might be asking yourself, “How is it still possible to build a property portfolio and earn $2K per week in passive income with all of this other stuff happening?”

And you’ve got a good point. There IS a reason to be concerned, but this does NOT mean you have to abandon ship altogether. Far from it.

So in today’s episode — before our Surprise Superstar Guest joins us next week for our 200TH EPISODE!! — we’re going to answer some of your questions about how to do exactly this.

 

This is just a few of the things we’re discussing:

 

Before we get to the questions, Ben is coming to all of you who are based in Perth! As the Chair of PICA of course. Details below:

When: 6:30 pm – 9:00 pm AWST, Tuesday, 4 December 2018
Where: Queens Building, Lecture Room, Level 1, 97 William Street, Perth, WA
Cost: FREE!

Link to secure your ticket: Reserve your Seat here

 

And if you’re after the video that Bryce mentions in today’s show to Know Your Number… Watch it below or click here to watch it now.


 

Finally, the questions we’re answering today…

Question from Mirella:

When talking about earning $2,000 per week in passive income is this measured before or after outgoings; eg. rates, land tax, etc.?

 

Question from James:

Trying to build a portfolio whilst the future of interest rates and a change in government and a change to negative gearing could potentially impact the market. How should one approach 2019?

 

Question about market sentiment/right time to buy from Kirthika:

Thanks for this session guys! Quick Q… there’s a lot of media activity discussing the impending drop in property prices over the next few years. As a result, my husband and I are worried about investing now? in the event we could buy for cheaper in a year! What are your thoughts?

 

Question about increasing cash flow and paying off debt from Nipper:

I feel confident with how to select investment grade properties. But I’m not so sure on how to hold them then get to the cashflow stage. Do you propose changing loans to P&I or selling down some properties to then pay off the debt of others, or something else?

 

Question about having no equity from Dan:

You mention using equity. If you don’t yet have access to equity… do you have any tips to get started?

 

Question about realising equity for cash flow purposes from Kosta

Do you ever recommend using some equity release to pay the monthly repayments to improve cash-flow?

 

 

 

198 | Nine Ways to Navigate the Credit Crunch

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Folks, if you’re playing the long-term game in property investing, you’ve got to know how to navigate the credit crunch!

And what do we mean by this??

… You MUST build financial muscle in order to succeed at the game of lending! Because folks you can NOT save your way to a passive income. You just can’t.

What you need is access to credit and an ability to optimise this credit so that it works in your absolute best interest.

But of course, there’s an elephant in the room here, isn’t there??

The lending landscape has changed, folks! This can be seen from APRA’s lending restrictions all the way to the banks feeling the pressure following the Royal Commission — both of which are just the tip of the iceberg property investors are now facing when it comes to accessing finance.

So. Here we are at the messy middle…… how can YOU cut through these challenges and still get the lending results you need??

Well, we’ve got 9 Tips up our sleeve to help you do just this folks!!!

 

Before we kick off the key learnings, here’s a couple of reminders from today’s episode…

1. Have you got a copy of Make Money Simple Again yet?

Grab a copy with 20% Discount here! Just use this coupon code: TPC20

Not ready to buy the book yet? No worries! Just download the Free Chapter here and check it out. 😉

 

2. Looking for the Facebook Group? Click here to join!

 

 

 

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