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480 | How to FAIL to Retire on $2K Per Week

 

Ever wondered how to FAIL at building a successful property portfolio? 

Want to learn how NOT to build a weekly passive income of $2k?  

If so, then this is the episode for you! 😉 

This week’s episode gives you a step-by-step guide on how never to take action or build a weekly passive income of $2k. 

From the worst ways to approach the property market to the incorrect beliefs you should hold about investing, we’re breaking down this episode into the 4 crucial ways you could go wrong…

Can you guess them?   

  1. The Wrong S_R_ _E_Y: Approach this wrong; you’ll be frozen in paralysis forever. 
  1. The Wrong P_O_E_T_: Get this wrong, and you could pour thousands of dollars into your portfolio….and still never make a passive income 😮.  
  1. The Wrong M_N_ _E_: Slip up on this, and you can say goodbye to growth.  
  1. The Wrong N_T_ _R_: Refuse to seek this, and you’re going to fall into a lot more traps on the way… 

To avoid taking these wrong turns (and, in all seriousness, avoid making these mistakes), listen in now!  

 

P.S. As mentioned in Ben’s “What’s Making Property News”,  the Property Investors Council of Australia (PICA) needs support! As a not-for-profit organisation representing the everyday property investor without a voice, any membership or donation helps. Become a member, donate or find out more today >>  

 

Free Stuff Mentioned

  • FREE PROPERTY SUBURB REPORT: As our birthday gift to you, we’re giving away our data-packed Property Suburb Report – for free! (Usually RRP $40). Get your free report here >> (Note: There’s been a change in email restrictions which requires you to verify your email to allow us to send it to you. Please be aware that we are following these changes.)  
  • Watch our most streamed video ever >>  
  • Upcoming Q&A: Send us your puzzling property questions (and as thanks, get a free Start & Build course!) Send them through our SpeakPipe >>  

Timestamps

  • 0:00 – How to FAIL to Retire on $2K Per Week 
  • 1:25 – Our FREE birthday present for you…  
  • 4:56 – Mindset Minute: What is your ROI on a BOOK?  
  • 9:33 – “Invert, always invert”  
  • 10:59 – #1) The Wrong S_R_ _E_Y:  Sell N_ _!  
  • 11:57 – Wait To B_ _  
  • 13:05 – Don’t T_in_  
  • 14:06 – Leave It To The G_ _  
  • 15:45 – Play The S_ _ _ _ Game  
  • 17:21 – #2) The Wrong P_O_E_T_: Focus on P_ _p_r_ _ Appeal alone 
  • 19:13 – Ignore S_a_c_ty 
  • 20:20 – Don’t R_ _e_r_h 
  • 21:54 – #3) The Wrong M_N_ _E_: Treat your b_l_e_s like… 
  • 23:16 – Pr_ _r_s_in_t_  
  • 25:43 – Seek instant g_a_i_ic_ti_n 
  • 28:27 – #4) The Wrong N_T_ _R_: Take a_v_c_ From Your Family 
  • 30:31 – Self-Ma_a_e Your Properties 
  • 32:56 – Neglect B_i_d_ng Ins_e_t_ _ns  
  • 35:57 – The Checklist to Failure  
  • 38:28 – Our most streamed video ever… 

And… 

  • 40:04 – Lifehack: Value is found in the second or third lap (Thanks Merv!)
  • 43:47 – WMPN: Help us to support PICA 

 

479 | Behind the Highlights Reel: 2024 Summer Series Takeaways

 

To wrap up another fantastic Summer Series and celebrate the peaks and valleys of each investor’s property investing journey, we’re bringing you our ultimate 2024 recap. 🎉  

From our favourite guest quotes to the key action points from each story, we’re sharing our insights and reflections on each investor’s path to achieving their financial freedom and personal growth.  

Tune in now to hear the best of our Summer Series and how you can use their experiences to bolster your property investing success this year!   

Again, a huge thank you to Ethan, Amy, Leisa, Bailey, Jasmin, James, Emer and Amanda for sharing your inspirational stories with our community. 👏🙌    

    

P.S. It’s our birthday month! As a present to our awesome community, we’re sharing how to access our in-demand Property Suburb Report for free. Stick around to the end to hear how 😊   

 

Free Stuff Mentioned

  • SHARE YOUR STORY: We love to hear your stories and it’s never too early to be our next Winter Series guest 😉 Share your story >> 
  • NEW HISTORICAL TRACKING FEATURE: We’ve just launched our newest feature in Moorr that provides revolutionary insights and information into your wealth building journey. Check it out now >>
  • Get a free Property Suburb Report: As our birthday gift to you, we’re giving away free Property Suburb Reports! 😊 (Note: There’s been a change in email restrictions which requires you to verify your email to allow us to send it to you. Please be aware that we are following these changes.) Get your free report here >>

 

Timestamps

  • 0:00 – Behind the Highlights Reel: 2024 Summer Series Takeaways
  • 1:46 – A moment to honour Michael Pope ❤️ 
  • 5:25 – Share your story today! >> 
  • 6:33 – Can you help us reach 100K subscribers?  
  • 8:33 – A free birthday gift…  
  • 11:21 – A listener’s review for Ep 478  
  • 13:49 – Mindset Minute: “Risk is the price you pay for opportunity”  
  • 18:12 Ep 471: Ethan  
  • 21:18 – Folks, take the time to do THIS!  
  • 24:58 – Ep 472: Amy 
  • 27:40 – The Power of Time 
  • 30:03 – Ep 473: Leisa
  • 33:31 – Relationships fail… 
  • 36:22 – Michelle, thank you for your feedback!  
  • 40:00 Ep 474: Bailey
  • 42:32 “This made me realise how hard property investing is”  
  • 45:45 Ep 475: Jasmin 
  • 49:31 – Ep 476: James  
  • 51:19 – Invest in the S&Me 500 
  • 54:57 Ep 477: Emer  
  • 56:15 – Why specialised knowledge is critical!  
  • 58:58 – Ep 478: Amanda  
  • 59:29 – Financial Abuse and Gender Disparity is sadly too common  
  • 1:07:30 – Top Takeaways from our 2024 Summer Series   

And… 

  • 1:11:17 Lifehack: Love avocados? Here’s how to make sure you get ripe avocados every time.  
  • 1:13:05  WMPN: Let’s do the numbers with the Gov’s new tax cut   
  • 1:30:23 – It’s our birthday present to you: Get our free Property Suburb Report!  
  • 1:32:42 –  A monumental Moorr milestone: Our Historical Tracking tool is LIVE!  

 

478 | What Happens When Money is Used to Control: How She Escaped It & Overcame Scarcity & Gender Wealth Inequality – Chat with Amanda

 

For our final episode in our 2024 Summer Series, we’re welcoming Amanda, an extraordinary guest who is not only a TPC listener but also an empowering qualified property investment advisor at Ben’s advisory!   

Today, she’s sharing an incredibly eye-opening and gut-wrenching story…  

Amanda grew up in an environment where…

“Money was frequently used as one of the tools on the coercive control toolbelt by my dad… There was also financial inequity between the males and females in my family growing up.”   

From battling psychological, physical and financial abuse to rebuilding her family’s life from scratch after a life-changing epiphany, we’re unpacking a tale that demonstrates Amanda’s strength and determination at every turn.   

But this story isn’t just about Amanda.   

We also get to celebrate how her inspirational supermum escapes from this abusive relationship and takes control of her future – also using property as a vehicle! 🙌🙌🙌      

This episode explores the scars that are left from financial abuse, the determination and bravery it takes to start again, and the financial disparity (be it finances, property investing or superannuation) that still exists between men and women.  

  

It’s a truly impactful and heartwarming story – we’re finishing our 2024 Summer Series with a guest we’re so proud to have on the couch and in our team.  

 

Free Stuff Mentioned

Helpful Resources

This week’s episode explores serious financial issues. For those looking for assistance or support, especially in dealing with financial abuse, you are not alone. Below, you’ll find a collection of helpful resources and links. Please don’t hesitate to reach out for support.  

  • 1800RESPECT is a 24-hour national sexual assault, family and domestic violence counselling line for any Australian who has experienced or is at risk of these occurring. Learn more about what financial abuse looks like on their webpage or YouTube 
  • Facing financial abuse? Equip yourself with 1800’s financial abuse support toolkit.  
  • Financial counsellors can be contacted via 1800RESPECT or the national debt helpline on 1800 007 007. You can also visit the National Debt Helpline’s webpage.   
  • The Centre for Women’s Economic Safety offers a supportive space for individuals seeking guidance on financial matters. You have the option to schedule an appointment through their Money Clinic online, or you can call them at 1800 730 031. (Please note – they do not provide direct financial assistance.)  
  • Each state and territory has police specifically dedicated to supporting family and domestic violence. Often called Domestic Violence Liaison Officers (usually women), those facing financial abuse can ask to speak with one at a nearby police station.  

 

Timestamps

  • 0:00 – What Happens When Money is Used to Control: How She Escaped It & Overcame Scarcity & Gender Wealth Inequality   
  • 1:26 – Welcome Amanada!  
  • 1:59 – Living with financial abuse 🙁  
  • 4:36 – “Our psychological, physical and financial safety were shifting plates beneath us” 
  • 6:26 – What was it like living with financial gender disparity?  
  • 8:30 – First jobs and sent away to boarding school 
  • 12:15 – Growing up with a parent who was narcissistic…  
  • 14:36 How she used these experiences to positively shape her life.  
  • 16:00 – Cutting contact & finding courage at her wedding  
  • 17:32 – Ben’s family faced financial abuse too. Here’s his story.  
  • 20:51 – Amanda’s mum used property to change her financial future 🙌🙌🙌  
  • 22:42 – From the grieving period to re-building confidence  
  • 29:32 – Amanda’s first big rock in the jar!   
  • 30:37 – Managing money as a couple & love languages  
  • 32:34 – The solvent money management system they used to save   
  • 33:54 – “We jumped onto the property ladder on an oily rag”  
  • 36:50 – Raising Kids & Renovating: Why did they decide to stay?  
  • 41:23 – The 10-property strategy  
  • 45:00 – Amanda’s epiphany moment and leaving it all behind…  
  • 47:39 – What motivated them to make this life-changing leap? 
  • 49:17 – Finding their dream home!  
  • 51:52 – Future plans & landing the debt plane ✈️ 
  • 53:22 – The transformational career pivot & finding The Property Couch 
  • 57:11 The War on Wage Disparity  
  • 1:02:33 – “I just want to live my life authentically”  
  • 1:04:15 – Folks, you can always pivot.  
  • 1:10:20 – A message to anyone facing coercive control… 
  • 1:16:19 – Amanda, we’re so proud of you!  
  • 1:20:10 – “Where I am right NOW is my FAULT, IF…”  
  • 1:21:14 – Our Mission   
  • 1:22:30 – How can the Moorr platform help with your Lifestyle by Design?  
  • 1:33:20 – Stay tuned! We’ve got historically revolutionary updates in store!  
  • 1:40:50 – Keep sending us your stories! We read every single one of them 🙂  

 

477 | How This Expat Family Built a 5 Property Portfolio: Escaping Property Price Crashes, Off the Plan Problems & Open Money Conversations – Chat with Emer

 

Folks, if you’re searching for a great property investing role model, then Emer, today’s Summer Series guest, is your person! ⭐🙌     

Today, she and her husband, Rod, own a five-property portfolio and are looking towards a future with a comfortable retirement and legacy piece to leave two kids.    

Getting to this stage, however, hasn’t come without its ups and downs.    

Tune in to hear Emer’s story as she swings from living paycheck to paycheck in Galway to meeting her future husband in sunny Australia to the property market crash they narrowly escaped. 

This is just the beginning of the story.      

We’re diving deep to uncover how they overcame getting stung by a spruiker, why they decided to go borderless, and the positive transformative process they underwent by getting a financial plan.  

It’s another motivational, heart-warming story with an awesome guest. Tune in now! 

 

Free Stuff Mentioned

 

Timestamps

  • 0:00 – How This Expat Family Built a 5 Property Portfolio: Escaping Property Price Crashes, Off the Plan Problems & Open Money Conversations 
  • 1:18 – Welcome Emer!  
  • 2:10 – Generational Differences: Envy & Magazines 
  • 8:58 – She spent everything in those first weeks?! 
  • 11:41 – Trailblazing to Accounting & Australia  
  • 13:34 – The bullet they dodged with Property #1!  
  • 16:07 – Starting life again with just 6 boxes and 1 qualification😮  
  • 18:11 – First steps on the property ladder in Sutherland  
  • 20:13 – Emer’s efficient money management system  
  • 23:41 – So, why did she “U-turn” on a bigger house?  
  • 26:22 – They got burned by THIS textbook mistake 🙁  
  • 29:23 – Be wary of conversations like these…  
  • 33:15 – Pay off your home loan in 7 years: Why this tax strategy is dangerous 
  • 35:06 – Going borderless!  
  • 37:07 – Why did she want a financial plan? (From an accountant’s perspective)  
  • 39:22 – “Everyone makes the assumption when you’re an accountant that you can do everything… 
  • 41:00 – The seamless process behind Property #3  
  • 42:37 – How Emer & Rod invest in property AND keep their cool!  
  • 47:32 – THIS should give everyone confidence!  
  • 49:11 – What’s next on her property journey?  
  • 50:53 – Would she have taken the jump as a DIY investor?  
  • 52:57 – Here’s why Emer is the perfect property model… 
  • 56:09 – The inspirational reason she came onto the Couch 
  • 59:48 – What a remarkable story! Thank you Emer 😊  

 

476 | From $30k Debt to a $2.78M Portfolio: How He Rebuilt His Finances and Confidence After a Failed Business Venture – Chat with James

 

Imagine waking up to find yourself $30,000 in debt with a restaurant business turned bad and a great deal of self-doubt left in its wake.

Now fast forward a decade or so to find… 

You’ve amassed a $2.78 million property portfolio; you are now confident on your path to helping others and you are financially empowered.  

This is the rollercoaster ride of James, today’s articulate and inspirational Summer Series guest. 

From growing up “material poor but experience rich” in the heart of Canada (You’ll have to tune in to find out how this Aussie family found themselves in the remote province of Manitoba) to running a successful bar business that ended in disaster, we’re tracing the peaks and troughs in James’ career and financial life. 

Together, we unpack how he snowballs out of this debt, the advantages that come from having a wonderful accountability partner and wife, and his passionate pathway to self-development. 

Plus, we’ll dive into that heart-dropping moment that this self-professed “enthusiastic amateur” realised HE was working alongside spruikers 😮  

Yet another fantastic story that highlights the importance of smart money management, resilience, the power of financial education and so much more!  

Thank you for coming to the couch to share your story, James! Listen now folks.

 

Free Stuff Mentioned

 

Timestamps

  • 0:00 – From $30k Debt to a $2.78M Portfolio: How He Rebuilt His Finances and Confidence After a Failed Business Venture – Chat with James  
  • 1:22 – Welcome James!  
  • 2:43 – Travelling Family and Two-Dollar Chores  
  • 7:09 – “Materialistic poor but experience rich”  
  • 8:16 – A 6L tub of ice cream for dinner?!  
  • 11:11 – What happened when Mum took the reins financially?  
  • 15:50 – Pivoting from AFL to Events 
  • 18:20 – Money management…on a business level  
  • 19:53 – The Mistake Venture  
  • 23:25 – The financially transformative career he swapped into 
  • 27:25 – How he got out of $30k of debt 😮  
  • 31:37 – What did it feel like being financially free?  
  • 32:13 – Next Steps & Self Development    
  • 34:44 – …and then he realised he had been working with spruikers 🙁  
  • 39:43 – A warning from a self-confessed enthusiastic amateur  
  • 44:08 – THIS is how they decided where to buy  
  • 47:49 – Construction Grants & COVID 
  • 52:16 – Their first cottage investment property 
  • 56:32 – The perks of an accountability partner  
  • 58:10 – What has it been like being a landlord? 
  • 59:40 – Pulling the trigger (again) in Perth  
  • 1:03:19 – He now owns a $2.78M property portfolio  
  • 1:06:58 – What security means to James  
  • 1:11:51 – The card game that inspired him to share his story  
  • 1:16:10 – Folks, look at your skillsets  
  • 1:18:52 – Thank you, James! What a fantastic conversation  
  • 1:24:52 – We’re giving away some exciting stuff very soon…  

 

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