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440 | How Do They Do It? 5 Wealth Destroying Property Myths

We all have those family and friends with impressive portfolios and beautiful renovations that leave us wondering… 

“How the heck did they do it?!”  

Like…is the answer simply earning a higher income?? Or did they hit the golden number of properties to achieve their dream lifestyle? And ultimately, is it possible for you to achieve the same results?!?  

Well, you’ve arrived at the perfect episode to answer ALL the questions above!!  

In our third awesome Mythbusters episode, we’re shining a light on the 5 BIGGEST wealth-destroying property myths.

Tune in as we debunk and discuss…

🎙️ Myth #1: Does Equity = Borrowing Capacity?!
🎙️ Myth #2: You need 5+ properties to live your lifestyle by design 
🎙️
Myth #3: Rent-vesting as…a Magic Wand?!
🎙️
Myth #4: Higher Incomes = Good M_n_ _ M_ _a_e_ _nt
🎙️
Myth # 5 – Home upgrades: Do they just happen!?!  

If you can’t tell, we’re jumping in feet first to a massive episode!  

And if that wasn’t already a teaser enough, we’re also revealing…  

  • The 5 C’s that banks really assess you on,  
  • The crucial difference between Pure and Partial rent-vesting,  
  • How to overcome and identify when you’re being affected by the Diderot Effect, and much, MUCH more!  

Avoid these pitfalls and uncover how they did it by listening to this episode now!  

 

P.S. Missed the rest of our Myth Busting series? Listen to them here:
Episode 437 | The Biggest Danger people face when looking at property data
Episode 438 | REVEALED: Avoid these Property Buying Myths 

 

Tune in now or watch the episode below 😊 >>

 

Free Stuff Mentioned… 

 

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

 

Here’s some of the gold we cover… 

  • 0:00 – The incoming gold!!  
  • 1:16 – AFL chat and a dagger was dropped on Bryce on Anzac Day… 😉  
  • 3:44 – We’d love to learn how you heard about us! Take our 1min survey here >>  
  • 7:03 – PSA: We have a super exciting job opening!! Find out more here… 
  • 8:29 – Mindset Minute: Ever experienced the Diderot Effect?  
  • 11:07 – Brendan experienced this…😰 (and so did Ben!)  
  • 18:14 Myth #1: Equity = Borrowing Capacity  
  • 19:24 – The Backstory 
  • 20:15 – Folks, you can’t just lend on the ____ over the ___ term!  
  • 21:42 – The 5 Cs: What do Banks really look for during their assessment?!? (A. C_a_a_ _er)  
  • 23:09 – B. C_p_ _it_ 
  • 23:45 – C. C_p_ta_ & D. Co_ _a_or _ _  
  • 28:18 – E. C_ _d_t_ _ns 
  • 29:40 – F. Co_ _on _en_e!  
  • 33:09 – Myth #2: You need 5+ properties to live your lifestyle by design  
  • 35:06 – The $100K target is becoming feasible. Here’s why.  
  • 36:33 – You may only need…1 property?!? 
  • 38:39 – It all starts with a plan (This is how to start TODAY) 
  • 43:06 Myth #3: Rent-vesting as a Magic Wand 
  • 44:24 – Pure vs. Partial rent-vesting  
  • 48:07 – The alternate pathways (How our advisors navigate it!) 
  • 53:36 – This is the BIG question you need to ask.   
  • 54:11 Myth #4: Higher Incomes = Good M_n_ _ M_ _a_e_ _nt 
  • 55:29 – More income = More…   
  • 58:30 – THIS is the real builder of wealth!   
  • 59:56 – Some of the hurdles that higher income earners face  
  • 1:02:29 – A common conversation our advisors have…  
  • 1:05:00 Myth #5 – Thinking home upgrade is just going to happen! 
  • 1:05:47 – How to reality-check your dreams  
  • 1:08:44 – Folks, set expectations!  
  • 1:10:58 – It’s actually an act of love…   

And… 

  • 1:13:33 Lifehack: How to escape the Diderot Effect!   
  • 1:18:03 What’s Making Property News: Has Melbourne overtaken Sydney?!  
  • 1:20:11 – And the ABS’ analysis paints a different picture of the rental market…  

 

Get Moorr out of your money:
Log in or create your free account via the
Moorr web platform, or download the app on Apple and Android and transform the way you view and track your wealth. 

 

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