X

Episode 267 | The Unorthodox Twist To The Money SMARTS System & Why It STILL Works – Chat with Brendan

“I needed to set something up so it’s essentially on autopilot and I’m protected from myself.”

Brendan Gale and his partner Marrissa have an unusual way of running our Money SMARTS system that we think is pretty cool. At first, this unorthodox twist made us go “Woah, what?!” and we kinda struggled to wrap our heads around it (we’re old school, folks)! But as you’re about to hear…. this surprise twist to the Money SMARTS system STILL works… and they’re trapping more surplus than ever before (just like they would if they were running it our ol’ simple way.)

Even better? Since running their “version” of Money SMARTS, they were able to….

  1. Afford their dream wedding in the Greek Islands (yep! Not a cheap affair folks — and there’s a bit of story about an unexpected cost that came up here, eek!)
  2. Invest in property
  3. And still have their own cash to spend!!

 

And the craziest thing is of all?? Before all this… Brendan was living paycheck-to-paycheck!

So if you want to hear from someone who has been running Money SMARTS for some time now… and you’re curious to hear about the spin they’ve put on it, which might actually work for you… then hit play on another great ep from our Summer Series 😉

Pssst…. yes, they’ve got the same name… but today’s guest is NOT the Richmond Football Club President, ha!

 

Free Resources:

 

Episode Breakdown:

 

Keen to Get Started with Money SMARTS like Brendan?

Fill in the form below and create your account on our Money SMARTS Platform now!

Already have an account? Log in here.

 

 

 

Acted on your knowledge learnt on The Property Couch just like Brendan has? Let us know here!

P.S. Haven’t got your FREE PHYSICAL COPY of The Armchair Guide to Property Investing yet?? Get it here (just pay shipping + handling)

 

 

 

Episode 266 | The Wake-Up Call That Demanded Change and How She Used Money SMARTS To Get Back On Track – Chat with Keren

“Your eyes are over every cent.”

 Before we switched on the microphones, TPC listener Keren White wasn’t sure if she’d have anything ‘worthwhile’ to share. But just like every other guest in our Summer Series, her real-life experience with the fundamentals we’ve been teaching is nothing short of extraordinary! So when we hit go on record, she absolutely kicked into second gear and held nothing back… which means you’re about to be in for a ‘Wow, really?!’ ride…

Here’s her story in nutshell…  Keren is at the coal face of someone who has adopted our Money SMARTS system… but unlike most folk, what instigated the need to switch from a typical budget to our rules-based system was a bit different.

You see, prior to the change, Keren and her husband Terence’s life — and indeed their money habits — took a more of a ‘go with the flow’ approach. So, while they were able to get some savings together when they wanted to and never ventured into credit card debt territory, they almost always struggled to stick to their budget. Lifestyle and perhaps ‘living just for now’’ took precedence. For example, if they wanted a holiday… they took a holiday. If there was emergency cash sitting in their ‘car’ account — just one of the many open (FYI. you only need these accounts set up) — but say the car was running fine… well, then that was extra play money for the holiday, right?!

They weren’t stretched. They were doing kinda fine, really. Sure, there wasn’t much put aside for tomorrow, but their money situation wasn’t too bad in the scheme of things…

But then something happened. The Wake-Up Call. It was a hard blow that finally demanded Keren and Terence start prioritising their future….

 

Free Resources Mentioned

 

Episode Breakdown

02:40 – Keren’s backstory
04:04 – How was money spoken about at home?
05:00 – What was it like to be a child with parents who liked flipping houses?
5:50 – Trapping surplus cash when you first leave home…
7:00 – Why didn’t Keren want to invest in property? (here are the reasons why you shouldn’t)
7:56 – THE WAKE-UP CALL.
10:52 –  Why the budget FAILED!
11:12 – What is the pitfall of having a Savings Account that earns “bonus interest” when you don’t withdraw any money?
12:50 – How many accounts did Keren and Terence have? (shocking, but not surprising)
15:18 – How did she find out about Money SMARTS?
16:31 – Money SMARTS in action!!
21: 73 – What difference has this made in their life?? (Yay!)
27:39 – Do they share a 7 Day Float?
29:36 – Why DON’T they do their grocery shop on a Thursday?
37:23 – How do you make $25 out of nothing??
38:30 – Hacks to save money
40:29 – Keren’s experience with a Qualified Property Investment Advisor
43:26 – How does Keren talk about money NOW?

 

Keen to Get Started with Money SMARTS like Keren?

Fill in the form below and create your account on our Money SMARTS Platform now!

Already have an account? Log in here.

 

 

 

 

Episode 265 | The Incredible Money Transformation That Happened In Less Than 18 Months – Chat with David

It was mid-2017 when David List and his wife, Lisa, decided to purchase their first investment property. But a few days into the settlement, and feeling a bit of buyer’s remorse, David did a quick Google-stalk to see what else he should probably know about investing… and that’s when he stumbled upon these two middle-aged larrikins (which turned out to be us!) riffing about property, finance and money management!!

From there, we’d like to think it became an immediate love story with The Property Couch… but, truth be told, that day we completely overwhelmed him, making David feel like there’s way more to “all this” than he first realised… (eek, our bad…)

Thankfully, somewhere along the line we must’ve said something that made sense… because he preserved and quickly got all in gold in the first twenty episodes, which got him up to speed on the fundamentals we’re all about. And one of those fundamentals — one of our Four Pillars of Mastery — was, of course, Cash Flow Management… ie. being smart with your money and knowing exactly where your hard-earned cash goes!!

This set fire to a whole new David and — we’ve gotta admit it — has transformed him into one of the BEST money managers we’ve ever seen! And this transformation has overflowed into almost every other area of his and his young family’s life… including their property story!

 

So, here in the studio — on our very first episode of 2020 — after putting Money SMARTS to the ultimate test, and coupling it with a money management app where he categorised every single transaction during 2017 – 2018…. well, let’s just say today’s guest has gone through an INCREDIBLE money transformation, folks!!

 

And just wait ‘til you hear what David — who once upon a time, left the money management up entirely up to Lisa — has brought into the studio, which tracks their ENTIRE financial story!!! (it’s a proud moment, folks! And not just ‘cos he brought us all gifts too, ha!)

 

Free Resources Mentioned:

 

Episode Breakdown

 

Keen to Get Started with Money SMARTS like David?

Fill in the form below and create your account on our Money SMARTS Platform now!

Already have an account? Log in here.

 

 

 

 

Episode 264 | How $4,000 Turned into Six Properties – Chat with Joey

When he bought his first investment property, Joey D’Agata was too nervous to do his own bidding. But, flash forward four years, and he’s now self-built a high-income producing portfolio consisting of SIX properties. And, even more impressive… he’s only 26!!

So folks… how on earth did Joey make this happen for himself? Especially considering the fact that when he first started saving, he was earning less than $50,000 a year and was seriously concerned that someone in their twenties wouldn’t be able to afford to buy a SINGLE property, let alone go ahead and invest in six of them.

So, the multi-million dollar question is… how’d he do it?

Well, this is where the $4,000 comes in…..

… Keep in mind, there’s a bit more of a back story here, which we’re unpacking in this episode, but here’s the quick overview: Joey “embraced” Lenders Mortgage Insurance (LMI).

Now, when it comes to Lenders Mortgage Insurance, we always say… “Avoid it when you can, but embrace it when you have to.”

Why??? … well, that $4,000 cost went on to put Joey in a position where he could buy another FIVE properties.

 

Your Free Resources

  

Today’s “Lecture Notes”

 

 

 

Episode 263 | How A Bag of M&Ms Set The Foundation For A $120,000 Passive Income – Chat with Keno

It turns out a bag of M&Ms has the power to build a passive income…

Sure, there’s a few more steps to get from “A bag of M&Ms” to “A passive income”… but you can bet on the fact that it does NOT take away from today’s epic story line!

And it’s one heck of an epic storyline that involves not JUST a packet of chocolates… but also 50 cents… a half-year-long sabbatical and… wait for it…. a property portfolio consisting of only TWO INVESTMENT PROPERTIES that will deliver $120,000 passive income in retirement!!!

Spoiler alert: today’s guest Keno Diamante is about to tell you exactly why planning ahead WILL change the game for you! And why is he in a position to share this story?? Well folks, he’s walking proof of it!

Another ripper episode in our Summer Series that can’t be missed. Hear it straight from the mouths of the folks who’ve gone and put their knowledge into action!

Before we get to the awesome chat with Keno today, here’s a quick message to all Queensland Property Owners. The Queensland Government has proposed changes to the rental tenancy legislation and you only have until 5pm, Saturday 28 December 2019 to have a say. So it’s imperative to act now and ensure property investors are heard on an issue that will affect your financial security. To help you make your submission below are the guide from PICA or you can also click here for a step-by-step instructions. You can also cut and paste the information below or make amendments as you see fit:

 

Your Free Resources

 

The Gold Covered in This Episode…

 

Quote of The Episode

“Imperfect action beats perfect inaction.”

 

Keen to Get Started with Money SMARTS like Keren?

Fill in the form below and create your account on our Money SMARTS Platform now!

Already have an account? Log in here.

 

 

 

 

 

Instagram

×

MONEY SMARTS SYSTEM

Plus We Will Also Notify You When We Release New Episodes

  • This field is for validation purposes and should be left unchanged.

We Only Send You Awesome Stuff

×

SUGGEST A GUEST!

We Only Send You Awesome Stuff

×