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It’s no secret that maintaining a multi-property portfolio in a high-interest environment is hard. Now add in a difficult divorce and raising two teenagers in the most expensive phase of their lives and well…
You have the incredibly motivational and heart-warming story of Leisa, this week’s brilliant Summer Series guest.
From her initial plan to own 10 properties (yep…things really have changed since the times when “he who dies with the most properties wins!”) to the revolving door of properties she’s bought and sold to juggle cash flow…
We follow Leisa on her jaw-dropping journey as she navigates holding onto her 4 properties, is blasted with a $15,000 levy fee, manages mortgage prison and much more on her journey to passive income retirement.
An inspirational tale for all, we hope Leisa’s story will inspire – particularly the middle-aged folks out there or solo supermums – who fear it’s too late for them to get onto the property ladder. Please just listen to this episode!
P.S. Merry Christmas folks! From Bryce, Ben & the team of Stigs, we hope you have a very safe and festive break 😊🎄🎅🎁
Free Stuff Mentioned
- Feel like you’re just trying to hold on? See how long your money will last using MoneySTRETCH in our Free money management system:Moorr (the system that implements Money SMARTS for you)
- FREE BOOK!— Make Money Simple Again
- FREE BOOK – The Armchair Guide To Property Investing
- The Binge Guide – The First 20 Episodes
Timestamps
- 0:00 – Juggling Teenagers, Divorce, and 4 Properties: How This Single Mum Conquered Her Financial Pain
- 1:34 – Welcome Leisa!
- 2:48 – The family decision that changed her life…
- 4:41 – Her eye-opening money experiences at boarding school 😮
- 8:33 – First jobs and her foray into property
- 11:09 – The 1st money management system she had
- 12:38 – How did she learn her money values?
- 13:51 – Buying Property #1
- 17:29 – Struck by a $15,000 levy – with no benefit?! 🙁
- 20:57 – Why did she choose a unit over a house?
- 22:13 – Property #2 and the family home!
- 24:13 – Selling a property, sheriffs & maternity leave…
- 28:05 – An original plan of 10 properties?!
- 31:00 – 6 properties in 5 years! 😮
- 34:25 – The Divorce: Just 12 hours to switch from joint to sole ownership!?
- 37:02 – THIS is how she continued to finance her property portfolio
- 42:01 – Why having aligned money values is SO critical!!
- 46:47 – Caught in mortgage prison & navigating a rising rate environment
- 48:52 – Getting creative with solutions
- 52:40 – Reworking her cash flow through tax!
- 54:22 – How to become problem aware (aka. Why most people DON’T achieve a self-funded retirement)
- 57:58 – Property as a financial backbone
- 1:00:08 – This is an absolute success story 😊
- 1:03:55 – Why did Leisa come onto the couch?
- 1:06:33 – Thank you Leisa! What an incredible story.
- 1:07:25 – For those holding, use this to see how long your money will last.
- 1:10:35 – Merry Christmas folks!!
