In this Episode of The Property Couch, Bryce Holdaway and Ben Kingsley talk about the four areas that each property investor needs to master. Property Investment is not just a transaction. There is a science behind it and in this episode, Bryce and Ben disclose the Property Investment Formula and how an investor can use it. They started off with the most complicated area: Cash Flow Management. Why is it the most complicated? That’s because cash flow management requires a lot of planning, observation and discipline from the investors themselves. In other parts of the Four Pillars of Mastery, you can get help from professionals but in this area, you need to be able to do it yourself because the advisor can only give you an indication not your actual number. Cash flow management demands a lot of time and effort but it is the first step to building your property portfolio and very likely the most important step. Listen to this podcast to find out more.
Keen to Get Started with Money SMARTS?
Since we’ve recorded this episode, we’ve published a best-seller book on Money Management called Make Money Simple Again and launched an online platform to help everyday Australians manage their money better. We’ve sold over 10,000 copies of the book and the platform has more than 13,000 active users! If you’re interested to check it out, fill in the form below and create your account on our Money SMARTS Platform now!
Already have an account? Log in here.
Below is the Cash Flow Management – Flow of Money chart that was mentioned in this podcast.
If you are enjoying our podcast, don’t forget to rate us at our iTunes channel (The Property Couch Podcast) or our Facebook page. If you have any ideas, feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/