X
The Property Couch Logo

316 | From 12 Bank Accounts To A Sigh Of Relief! – Chat with Renae

By in Podcast, Real life stories, Summer Series

Subscribe On Itunes Subscribe On Android

Yep. She once had TWELVE bank accounts open… but now her money management story looks very different indeed!

Joining us today is listener Renae Brandsema… and we’re about to unpack how she said goodbye to financial stress once and for all.

Because what’s interesting about Renae is she has known what money is like as a stressor – and she’s previously tried to control this stress by counting every single dollar that went out the door – which at face value might seem like it’s smart money management, but in actual fact does more harm than good… often contributing (or perhaps even causing) the stress in the first place!

We mean… Can you even imagine trying to manage all those bank accounts!?!

Thankfully, Renae has a very different relationship to money now… and while she’s kept some of her positive money habits – like being frugal when it comes to “wants” versus “needs” – she now knows what it’s like to be in REAL CONTROL of her money.

… And with that comes the best reward – Financial Peace.

Tune in now to hear how Renae took total control back of her money management (and got rid of all those accounts 😉)!

 

Free Stuff Mentioned…

 

Here’s What We Cover…

  • 02:53 — Meet Renae and her money background…
  • 07:12 — What’s she like with shopping?!
  • 07:50 — What’s “holes in socks” got to do with all this?
  • 09:47 — The transition to marital life…
  • 11:00 — Who handles the money in the relationship?
  • 11:49 — What were the early years of managing money like?
  • 12:38 — 12 bank accounts!
  • 16:30 — The reconciling system…
  • 18:36 — What was causing all the money stress?
  • 19:39 — What triggered her to look for a different system?
  • 23:01 — The “A-ha” moment…
  • 24:40 — The biggest change (and how it impacted Renae’s husband)
  • 30:19 — The Money Transformation!
  • 31:23 — What was the property planning process like?
  • 35:07 — Why does Renae think you should use Money SMARTS?
  • 26:39 — What does their weekly “kitty” look like?
  • 39:40 — #1 Tip for paying for petrol!
  • 44:08 — How long does their monthly check up take?
  • 46:39 — How to get The Big Rock in The Jar…
  • 53:53 — What do you do with business profits inside the MyWealth Portal?
  • 55:36 — What do we think about financial education in schools?

 

 

Note: There are more real-life investor stories like this in our Summer Series! Make sure you check them all out here.

Keen to Get Started with Money SMARTS like Renae?

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

Already have an account? Log in here.

 

 

 

315 | How A Paper Round Paved The Way To A Passive Income – Chat with Brendan

By in Podcast, Real life stories, Summer Series

Subscribe On Itunes Subscribe On Android

Today we kick off the first episode of our Summer Series – that is, we’re showcasing REAL LIFE MONEY TRANSFORMATIONS!

And there’s no better place to start than with Brendan Deith, who took humble beginnings as a paperboy to ignite money habits that would go onto pave the way to a passive income for life!!

And Brendan’s journey has indeed been an endless ripple effect – from learning good money management early (thanks to his paper round & his parents sound money management conversations around the kitchen table) right through to the ULTIMATE OUTCOME – Financial Contribution.

There’s a few tweaks and tips along the way too… so strap yourselves in folks ‘cos you’re in for a feel-good episode with solid takeaways that you can go ahead and implement in your own life too!

Psst… just wait to you get to the part about “The Classroom Economy” – it’s game-changing!

 

Free Stuff

 

What We Cover…

  • 05:38 – Brendan’s Backstory
  • 08:30 – The Drum set that kickstarted healthy money habits…
  • 09:57 – What was his parents’ “extra” jar?
  • 11:09 – The award saver account (paper round money)
  • 12:18 – What was Brendan’s original budgeting system?
  • 14:27 – The first property
  • 16:17 – How did having a buffer help with the mindset?
  • 17:48 – BEFORE Money SMARTS…
  • 18:58 – AFTER Money SMARTS…
  • 24:26 – The Ripple Effect of spending habits
  • 26:22 – What does Brendan most enjoy about Delayed Gratification?
  • 27:44 – How & When did he discover Money SMARTS, anyway?
  • 29:44 – Unique Ways to get your essential spending down…
  • 30:38 – How does Brendan navigate provisions?
  • 31:34 – Why has he NEVER done the 7-day float?
  • 32:13 – Using a credit card for everyday spending (Who should & Who absolutely should NOT?)
  • 33:32 – Is Brendan’s wife equally on board?
  • 24:17 – The Best Advice They Ever Got!
  • 35:17 – What are they doing with the trapped surplus?
  • 35:37 – What’s their Passive Income target?
  • 37:33 – Getting Property Investment Advice and getting an answer to this question: “How many properties do we actually need?”
  • 39:41 – How does he feel about getting into debt?
  • 41:09 – The first investment property…
  • 43:75 – The Two Journeys You’ll Almost Always Take To Reach Financial Peace
  • 45:04 – Brendan’s “Classroom Economy” that teaches kids about money…
  • 50:42 – Money SMARTS Hack
  • 52:53 – Brendan’s Question for us… Do you plan for an increase material (and labour) cost for renovations

 

Note: There are more real-life investor stories like this in our Summer Series! Make sure you check them all out here.

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.

 

 

 

RBA December 2020 – The Big Turn Around?!

By in Podcast, RBA Announcement

Subscribe On Itunes Subscribe On Android

Last cash rate announcement for the year folks and after last month’s cut, we know the Reserve Bank of Australia will not be moving the cash rate anytime soon. But yet, there are still A LOT of things happening globally and domestically.

So here’s Ben’s update on what’s happening to property markets around the world and in Australia.

 

Plus, Ben also includes his latest news and commentary on…

👉 A Quick update Into The COVID-19 Health Crisis
👉 Who won the US Election and what to expect from now on?
👉 The trade war happening between Australia and China right now
👉 Australia’s Unemployment Story and the Wage Growth Index
👉 What’s Released in the most recent NSW & VIC Budget
👉 The Construction and Property Market Update
👉 What’s Next For The Australian Property Market?

 

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

DISCLAIMER: This podcast is general information only and is an opinion comment by Ben Kingsley. The information contained in this video is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential viewer. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. No investment decision or activity should be undertaken on the basis of this information without first seeking qualified and professional advice.

The Property Couch, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warranties or guarantees. The Property Couch disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it.

For more information, please visit: http://thepropertycouch.com.au

 

 

 

 

 

 

RBA November 2020 – A New Record Low Cash Rate For Australia!

By in Podcast, RBA Announcement

Subscribe On Itunes Subscribe On Android

Melbourne Cup Cash Rate announcement today and the RBA Board has just announced a new record low cash rate for Australia!!!

So here’s Ben’s update on what’s happening to property markets around the world and in Australia.

 

Plus, Ben also includes his latest news and commentary on…

👉 What’s The NEW Cash Rate For Australia??
👉 A Deep Dive Into The COVID-19 Health Crisis
👉 Update On The US Economy… Including “Trump vs Biden”
👉 What’s Making Economic News In China?
👉 Europe Update As A Second Wave Of Coronavirus Hits
👉 Australia’s Unemployment Levels…
👉 What Does The Recent “ANZ Australian Job Ads” Reveal?
👉 Has Consumer Confidence Made A Comeback?
👉 What’s Predicted For Victoria Now It’s Out Of Hard Lockdown?
👉 Retail Sales: Are People Starting To Spend Their Money?
👉 What’s The Credit Story?
👉 Housing Finance: Everything You Need To know About Current Housing Loans
👉 New Data For Buildings Approvals Released Yesterday…
👉 Property Market Update
👉 What’s Happening With Auction Clearance Rates?
👉 What’s Next For The Australian Property Market?

 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

 

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

DISCLAIMER: This podcast is general information only and is an opinion comment by Ben Kingsley. The information contained in this video is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential viewer. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. No investment decision or activity should be undertaken on the basis of this information without first seeking qualified and professional advice.

The Property Couch, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warranties or guarantees. The Property Couch disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it.

For more information, please visit: http://thepropertycouch.com.au

 

 

 

 

 

 

310 | Is Property Just A Ponzi Scheme?

By in Podcast

Subscribe On Itunes Subscribe On Android

Have you ever questioned if property is as good as it’s cracked up to be? Like, is it really a sure-bet investment?

You’ve seen the headlines… You’ve heard us say certain properties should be in the “no go” zone for investors… And maybe you’ve even seen or heard about other property markets around the world that actually CRASHED – quite literally… some even plummeting in prices overnight.

So… What makes the Australian property market different? Is it guaranteed to NEVER fail? And how do we know “for sure” that your money is as “safe as houses”?!

Here’s the deal… a client of ours recently gave us some feedback after working with us. Feedback that, to be quite frank, made us stop in our tracks.

And we wanted to address that feedback today because, one, it raises a few valid points… and, two, we think this episode will help any of you folks out there who might have some reservations about the property market of your own… and/or you simply want to educate yourself more on the Australian property market, how it works and why investing in it isn’t going to end in tears in a few years down the track…

Suss the feedback we received below & Listen Now to hear our response!

 

The Feedback We Received…

A lot of millennials (including myself), are sceptical about property and put off investing because we read/consume a lot of stuff that is bearish on property. I would also say that I found it difficult to listen to the podcast because it is too ‘normie’ and doesn’t address/contend with a lot of the current zeitgeist outside the mainstream media that people consume nowadays (Zero hedge, Martin North, Real Vision, Jolly Swagman podcast, Nasim Taleb, Steve Keen, the case for crypto).

I put off investing in property for years because of this sort of content saying that property is a pyramid scheme for boomers and that valuations are only maintained due to central bank policy and credit availability. Instead of dismissing this stuff as conspiracy theories – actually take it on and come up with persuasive arguments against it instead of relying on me taking 5 years to find them myself.

  • admit that current immigration levels are unsustainable politically and can’t be a key driver of house prices
  • admit that the majority of growth in house prices is due to credit availability and decreasing interest rates
  • admit that there is nothing inherently different about Australia from say Ireland or Spain and their property crashes (other than maybe the ability to print our own currency). 
  • admit the risk of a Japanese lost decade and drop in consumption and birth rates caused by high levels of household debt.  

I would have felt way better going into this if I’d heard some strong arguments against this stuff. Having said all that – I want to invest in property because it’s a human need and it will never go to zero (wealth preservation). I remain sceptical of continued price growth (or at lease real price growth). However, I acknowledge that yes, the game is rigged for boomers but what choice do I have? Getting a bad return on real estate is better than doing nothing. If you want to get more (smart) millennials on board you need to address this stuff.

 

 

Free Stuff Mentioned

 

 

Instagram

Free Resources

What to be notified when there are
new updates & free resources?

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

© The Property Couch. All Rights Reserved | Terms & Conditions | Privacy | Who Designed This Website?

×

MONEY SMARTS SYSTEM

  • The Best Money Management System Ever!
  • Worrying About Money is a Thing of the Past
  • Don’t “Unconsciously” Overspend Ever Again

Plus We Will Also Notify You When We Release New Episodes

We Only Send You Awesome Stuff

×

SUGGEST A GUEST!

We Only Send You Awesome Stuff

×