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513 | What’s The Forgotten Pillar of Wealth Creation?

By in Podcast, Property Investment

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It’s not a fun BBQ conversation like discussing the rate you snagged or the exciting new property you just bought but…

It is a critical pillar for holding up your entire wealth creation. 🏠🃏 

Yep. We’re talking about the forgotten pillar of wealth creation.

Here’s the deal:

  • What essential defences do you need to protect your income, assets and lifestyle?
  • What does Ben consider a “Peace of Mind” policy?
  • The hidden problem in houses
  • How does defence tie in with the two core pillars of property investing?

It’s an episode that not enough folks are talking about. Tune in now so your wealth isn’t, in the wise words of Ben, “built on a house of cards.”

Listen now!

 

Free Stuff Mentioned…

  • Vote for The Property Couch!
    If we’ve helped you in any way, we ask you to vote for us at the 2024 Australian Podcast Awards! Help us reach and transform more folk’s money management, finance and property investing knowledge across Australia. Vote now >>
  • Download the 2024 PIPA Annual Property Investor Sentiment Survey
    The Property Investment Professionals of Australia conducted their annual survey in August 2024. With more than 13,000 respondents, the findings of property investors selling out are both surprising and saddening. Download the report now >>   
  • Not sure how much buffer you should have for peace of mind regarding your job security?
    Moorr, your all-in-one money management platform offers MoneySTRETCH, an advanced tool to see how long your money will last with no income. Calculate how much you need for a rainy day now >>  

 

Timestamps

  • 0:00 – What’s The Forgotten Pillar of Wealth Creation? 
  • 1:24 – The torturous path of being a Freo supporter 😉  
  • 4:10 – Vote for us in the 2024 Australian Podcast Awards!  
  • 6:35 – Mindset Minute: Kind words from a listener: What happens when action meets an improvement mindset 
  • 10:03 – The Forgotten Pillar  
  • 11:09 – Income: “Do more than what you’re paid to do, and eventually…”  
  • 14:53 – Why adding value should be part of your defence strategy!  
  • 18:48 – How much buffer should you have?  
  • 21:42 – THIS is why a property-savvy accountant really matters in your accumulation phase 
  • 23:53 – Your health is your wealth  
  • 25:28 – A lot of banks assess this #1 thing!  
  • 27:13 – Lifestyle: Your North Star and do THIS if you’re feeling wobbly  
  • 30:33 – How to Google Maps your lifestyle  
  • 32:24 – Defining TPD & Trauma: Nuances and Ben’s personal stories  
  • 36:06 – Life insurance: Don’t just do it for the primary earner  
  • 37:37 – Assets: The hidden problem in houses  
  • 41:41 – Protecting YOU against tenants  
  • 44:41 – Tenancy reforms: A $23,000 fine?! Here’s how to avoid it.  
  • 48:30 – The 4 Pillars: How does Defence tie in with Borrowing Power & Cash Management? 

And… 

 

509 | Property Investing 2.0: Why Property Investors Must Think Like Small Business Owners

By in Podcast, Property Investment

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The first property investor narrative was about “mom and pop” investors: middle-income earners with one investment property who passively manage it in the background.  

In today’s episode, we’re introducing the Property Investor 2.0 narrative…  

Small Business Owners.   

There are seven critical reasons; can you guess them?  

  1. Managing A___ like a Business  
  2. Income G_____  
  3. Strategic P_____  
  4. R___ Management & C____ Planning  
  5. Understanding & Managing L____  
  6. Customer R____ Management  
  7. Marketing & B_____  

Discover why shifting this perception is so important and what we stand to gain by doing so. Listen now, folks!  

P.S. We also discuss the most important characteristic that predicts success and in “What’s Making Property News”, Ben uncovers the green shoots in the market.  

 

Free Stuff Mentioned…

  • We’re looking for talented folks to join our team!
    MoneySMARTS 2.0 is launching in October, and we’re looking for a Security Operations Manager. We’re also recruiting for roles in Marketing, Customer Service, and more! Interested? View current openings here >>  

 

Timestamps

  • 0:00 – Property Investing 2.0: Why Property Investors Must Think Like Small Business Owners 
  • 2:31 – Moorr Webinar Replay: A data-driven way to manage your portfolio
  • 7:51 – Mindset Minute: What is the #1 character quality that predicts success? 
  • 10:30 – Property Investing 1.0: Why is the “mom and pop” investor narrative now obsolete?  
  • 12:30 – “It’s coming from a place of ‘doing good’.”  
  • 14:06 – Why property investors are small business owners 
  • 18:45 – Rules of the Game: From guilt shaming to performing social good 
  • 24:47 – 1. Managing A___ like a Business  
  • 25:56 – 2. Income G_____  
  • 28:19 – 3. Strategic P_____  
  • 31:25 – 4. R___ Management & C____ Planning  
  • 33:44 – 5. Understanding & Managing L____  
  • 36:33 – 6. Customer R____ Management  
  • 42:48 – 7. Marketing & B_____ 
  • 45:40 – “At the end of the day, politicians want two things…”  
  • 48:49 – Why does the perception need to shift from part of the problem to part of the solution? 
  • 50:03 – How does it impact policy?  
  • 52:41 – Socialism vs. Capitalism: Growing the economic pie  
  • 55:33 – How do entrepreneurial mindsets bring economic benefits? 
  • 58:35 – The 4 ways we ALL win  

And… 

  • 1:05:40 – Lifehack: Use a fork…to hang your prints?!  
  • 1:06:53 – WMPN: Home Sales Rising: Which states drive the economic flywheel?  

 

I Bought the Wrong Property; What Should I Do Now?

By in Podcast, Q&A

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Note: This episode is a re-run of one of our older episodes. It originally aired on 2nd July 2020 😊  

In this week’s episode, Bryce and Ben answer 10 listeners’ questions! 

With practical advice on property selection and analysis, this episode is your guide to navigating the intricacies of property investment in Australia. 

If you have a question, leave us a message here!  

If we answer it on the podcast, you’ll get FREE access to our Start & Build Workshop (usually retails for $497!!). This online course is a deep dive on the foundations, framework and everything else you need to know on how to build your very own property portfolio. 

  

Free Stuff Mentioned

 

Previous Episodes/Guests Mentioned

  • Peter Koulizos 
    • Ep 241: 12 Steps to a Profitable Property Development  
  • Jane Slack-Smith 
    • Ep 61: Property Education and Renovating for Profit 
    • Ep 213: How to Adjust Your Renovation Strategy 
  • Naomi Findlay 
    • Ep 188: What’s Renovating Got to Do with Dating? 
  • Household names from The Block 
    • Ep 110 (Part 1) & Ep 110 (Part 2): Meet Frank Valentic from The Block! 
    • Ep 132: Josh & Jenna – This Bickering Couple and their Tiny House Movement in Australia 
    • Ep 284: Kyal & Kara – How to Renovate, Raise Kids, Run a Business & Not Lose Your Mind in the Process 

 

Timestamps

  • 0:00 – I Bought the Wrong Property; What Should I Do Now? 
  • 5:56 – Proposal submission for review of WA tenancy laws [Editor’s Note: The review has since concluded; June 2023 update here]. 
  • 9:43 – Mindset Minute: Be coachable!
  • 15:20 – Q1: I want to buy in a location I love and am familiar with, but it is poorly diversified. How do I mitigate the risks? 
  • 22:10 – Q2: How important are historical growth rates?
  • 29:15 – Q3: I want to invest interstate. Should I look for a local Buyer’s Agent or one who operates nationwide? 
  • 30:39 – Our sister company wins an award! 
  • 41:29 – Q4: Is it better to prioritise high yield or high growth?
  • 46:45 – Q5: Should I move into my rental property? 
  • 52:52 – Q6: Is it worth getting an average property in a good suburb if I’m planning to hold for the long term? 
  • 57:18 – Q7: Thoughts on buying Defence Housing Australia projects? 
  • 1:03:18 – Q8: What do you think about active investing – buying to subdivide, fixer uppers, etc.? 
  • 1:07:02 – Q9: I bought a ‘House and Land Package’ before I was educated. What can I do now to ensure growth? 
  • 1:10:18 – Q10: Is putting a granny flat out the back a good idea when retiring out the debt? 
  • 1:11:55 – Sort out the basics of money management before you invest! 

 

Exploring “Scarcity” in Property Investment

By in Podcast

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Note: This episode is a re-run of one of our older episodes. It originally aired on 12th November 2015 😊  

In today’s episode, we dive deep into why the old adage of ‘location, location, location’ still rings true for property investment. We explore how 80% of your return is determined by where you buy, and only 20% by what you buy. 

One of the three filters in our asset selection criteria is scarcity, and today we take a close look at that concept. What exactly do we mean when we refer to scarcity in property investing? Are there certain elements in particular to look out for that will increase your property’s value? 

Throughout the episode, we’ll also underscore the importance of considering owner-occupier appeal in your investments, why developers favour high-density projects, and why smaller investors should hone in on scarcity in top-tier locations. 

Get comfy because this bonus episode is all about helping you understand the crucial role of scarcity and how it can ensure your next investment decision is a savvy one! 

 

Free Stuff Mentioned 

 

Timestamps  

  • 0:00 – Exploring “Scarcity” in Property Investment 
  • 04:16 – When searching for your next investment, try asking the agent this question… 
  • 06:33 – 3 important filters when it comes to asset selection 
  • 07:24 – The two different parts to scarcity 
  • 07:33 – 20% of your return comes from the property, while 80% comes from the…?  
  • 11:46 – Consider the property’s proximity to the CBD… 
  • 13:56 – …as well as whether the land is fully utilised 
  • 14:28 – Peter Koulizos on the 3 Ls of property value 
  • 21:51 – Choosing the correct property is important, even though it only represents 20% of the formula! 
  • 24:21 – Linking back to the Buyer’s Decision Quadrant 

 

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

By in Podcast, Property Investment

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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 

 

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