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Episode 371 | Three Property Lessons from the Same $25k Deposit?! – Chat with Brad

Winners never quit, and quitters never win. – Vince Lombardi

Today’s special guest, Brad is definitely not a quitter.

Born & raised in Zimbabwe, Africa while experiencing a hyperinflation, it wasn’t a flowery path but Brad learned resilience and tenacity from a young age…

He immigrated to Perth with the family when he was 19 and unfortunately, did not have an excellent start…

 

An unfortunate event let him to a lump sum of $25,000 which thankfully, he invested in property!

But… That property didn’t quite work out.

He managed to recover the $25k and got another property. (Yay!)

But… That property didn’t quite work out either.

Most people would have given up by now but no… Brad did not. He recovered the $25k and yes, he got another property.

But… (it breaks our heart to say this) The third property STILL didn’t quite work out.

So… WHAT EXACTLY HAPPENED?! 😱

 

Obviously, that’s quite a full-on story, right!?! And definitely not something you hear every day.

But trust us, it gets even more “Wow.”

Tune in today for all the gold 😉

 

Free Stuff Mentioned

 

Here’s what we cover…

  • 2:15 –  Meet Brad.
  • 3:05 – The “old school” money view growing up…
  • 4:25 – What was life like during a hyperinflation?
  • 7:34 – From a $5 train ticket to landing his first job! (how?!)
  • 9:05 – Introduction to Consumerism
  • 10:05 – The One Money Advice from his cousin that he still holds strongly today!
  • 13:24 – What kind of shackles is Brad referring to?
  • 15:08 – The mental shift that he had to overcome…
  • 16:38 – The “Aha!” moment!!
  • 21:30 – Why your circle of influence matters and what triggered Brad’s epiphany?
  • 22:35 – The first mortgage and Property (and even LIFE) Lesson #1
  • 26:10 – Property Lesson #2!
  • 28:50 – Having the same mindset – What a difference it makes!
  • 30:13 – Why it’s worth getting a 50% paycut and how they still manage to make things work
  • 30:44 – Same deposit and this time… Property Lesson #3!
  • 32:26 – Winning The 6 years Rule!
  • 35:00 – Is it worth investing in this Hot Market?
  • 36:38 – Bryce & Ben’s LIVE Advice on Brad’s next step
  • 45:42 – What is he using the Money SMARTS Platform for?

 

 

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

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Episode 370 | Financial Harmony – THIS is what it looks like – Chat with Amber and Dan

Folks, if you’re looking for a textbook couple as an inspiration on what Financial Harmony looks like…

Amber & Dan is your go-to couple!

Although they grew up with slightly different money management styles at home, Amber & Dan worked together and made sure that they’re on the same page when it comes to finance.

That mindset sets them up way into the future.

And, get this….

They’ve got a fool-proofed saving hack that built up money for a deposit AND a renovation!!

 

Of course, being on the same page is only part of the equation… there are heaps more when it comes to setting yourself up for retirement.

For example….

Finding out the exact thing to do with your surplus and consolidating those TEN bank accounts. (Yup, you read that right. T.E.N 😮)

 

So sit back and relax while you tune in to this feel-good story of how this couple is well on their way to building a passive income for life.

 

 

Free Stuff Mentioned

 

Here’s what we cover…

  • 2:08 – Meet Amber & Dan
  • 2:05 – What was money like in Amber’s childhood?
  • 4:15 – Why couples have separate bank accounts…
  • 5:14 – Money discussions around the dinner table for Dan
  • 6:50 – The logic of a child when it comes to money management
  • 11:50 – The saving hack that helped them save for a deposit AND a renovation!!
  • 14:30 – What was lacking with their previous money system?
  • 16:57 – Introduction to The Property Couch and their books!
  • 17:50 – An unsustainable way to file money with _ _ bank accounts!
  • 19:40 – “I read it… But it sounded too hard.” So what changed?
  • 24:22 – At what point did they start to think about retirement planning?
  • 27:55 – How perspective changes!!
  • 28:00 – The messaging from an early age that made the transition to property investing easy…
  • 32:11 – The big rocks in the jar!
  • 34:00 – How many properties do they actually need?
  • 38:20 – The temptation that might derail their plan…
  • 39:00 – How to overcome the bias of investing in your own backyard?
  • 44:51 – Getting your “D” sorted!
  • 45:00 – How it feels now that they’ve got their roadmap planned out
  • 49:15 – Their tips to the community!

 

 

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

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Episode 369 | “I Spent It All and Dad Picked Up The Tab” – How this investor changed her bad money habits? – Chat with Amy

Born in England to accountant parents, Amy was given great money advice growing up. And obviously, so did her brother.

Only one of them took the advice to heart though… and it’s not our special guest. ☹

From credit card spend sprees to climbing Mt Kilimanjaro, Amy lived life to the fullest!

So… what changed?

Why did she go from having no budget whatsoever to being a Money SMARTS advocate? Yes, you’ve read that right… she got her circle of friends on board with Money SMARTS too!

What would she get from doing that??

And… what are the lessons learned along the way?

Tune in to find out more!

p.s. Make sure to tune in to 18:04 minute where she shared an interesting story that happened in the middle of a surgery! #EpicStory

 

Free Stuff Mentioned

  • FREE eBookMake Money Simple Again
  • FREE MyWealth Portal & Start Your Financial Transformation Today! (includes Money SMARTS, Money FIT + Money STRETCH) – Fill in the form at the bottom of this page or Free Sign Up Here
  • BingeGuide to Property, Finance & Money Management Download here

 

Here’s what we cover…

  • 02:17 – Meet Amy.
  • 3:32 – The holiday planning wisdom from her dad!
  • 5:13 – What were the Money habits like back home (remember, her parents are accountants 😉)
  • 5:57 –  Invaluable advice on student loans and credit cards
  • 8:23 – The completely different deals her brother and her had with their dad…
  • 11:02 – What triggered the epiphany?
  • 13:12 – “I’m never going back”
  • 14:39 – What’s Amy’s definition of “Life Admin” that she was doing every week?
  • 17:08 – Her 1st Investment Property that started a behavioural change..
  • 18:32 – What’s the difference in repayment of student debt between UK & AUS?
  • 21:12 – The one that got away… In the middle of a surgery!!
  • 21:50 – How did The Property Couch got into her radar?
  • 24:16 – The best things she’s learned from the podcast…
  • 27:37 – ONE Money Trick that Amy recommends you do!
  • 29:46 – The Power of Staying Between the Line
  • 32:12 – Why Money SMARTS?!
  • 34:17 – The END Game!!
  • 36:27 – Money Discussion: THIS is how it should be
  • 42:37 – What’s her unique hack with Money SMARTS?
  • 45:13 – …. Cutting her 7-day Float by 70%? 😨
  • 47:33 – “Supporting the local economy”… The worst (or best?) derailer
  • 52:36 – GREAT take home messages!

 

 

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

Keen to Get Started with Money SMARTS?

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Episode 368 | Got Stung By A Spruiker: Restarting After Ten Years of Property Mistakes – Chat with Michael

“I read enough book to make me dangerous”

That’s the quote from our special guest today.

 

A thirst for knowledge is an excellent virtue to have but in some cases, you might encounter information overload… Or in other rare cases, you might be reading the wrong books or getting advice from mentors with hidden agendas.

Unfortunately today’s Summer Series guest, Michael, is in the latter category.

Folks, if you had been stung by a spruiker before, you’d know that it’s not easy getting back on the property ladder and, even more so trusting another so called property professionals.

But Michael did.

Despite being a victim of opportunity cost, he did not let that deter him at all. In fact, he learned from each experience, good and bad, and stood up to the challenge, stronger and more motivated than ever.

But…

How did he recover from all the bad purchases? (Yes, there were a few!)

Tune in for all those and more folks because his true story starts waaaaay before he bought the first investment stock property 😉

 

Free Stuff Mentioned

 

Here’s what we cover…

  • 1:17 – Meet Michael.
  • 1:58 – What is it like growing up in a caravan park…?
  • 4:41 – “I knew (money) was tight I suppose but…”
  • 6:47 – Why was building his own first house at 20 his first mistake?
  • 9:55 – Setting up his finances on his own!
  • 11:35 – When did the drive to own his own home begin?
  • 12:33 – What happened when he was 21 that taught him the biggest money lesson ever?
  • 13:43 – His fortnight spreadsheet updates!
  • 16:05 – The discovery of Money SMARTS
  • 17:02 – How having a goal changed his habits and mindset?
  • 18:57 – “That’s the other thing, I’ve done everything wrong” – The mistakes that made him realised that he couldn’t do it alone
  • 19:20 – Here’s when the spruiker story begins!
  • 21:26 – What are the signs to look out for to spot a spruiker?
  • 22:50 – The 10 Year Property Journey that changed his life
  • 27:05 – Why did he decide to pay for professional advice?
  • 29:50 – When reading too much is dangerous…
  • 33:37 – What should you expect from a great property advisor?
  • 36:35 – Get your partner on board!
  • 37:50 – What does planning for the future looks like?
  • 39:22 – What convinced him to let go of his spreadsheets?
  • 41:00 – His end game and the #1 advice for others

 

 

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

Keen to Get Started with Money SMARTS?

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Episode 367 | The Chain of Unfortunate Events: What Made This Single Mum a Superhero? – Chat with Dee

“A wound is where the light gets in” – Rumi

It’s our 2021/22 Summer Series folks!!

This is our 4th year of Summer Series and we get very very excited each time because not only do we get to chat directly with our listeners, we get to learn so much from their life transformation. From the adversity that life threw at them, the mistakes that they’ve made, the perseverance that they’ve shown, the tenacity to be better and so much more.

Their story is so insightful and motivating that we’re certain that you would definitely learn at least one gold from each of them.

And this year is no different.

 

Kicking off our Summer Series this year is a superhero single mum of two, Dee!

Immigrating from South India and growing up in North England during the Thatcher era in the 80s is obviously no easy feat.

On top of that, Dee was the oldest of four siblings where money was so tight that a treat must be split four ways to be shared among the kids.

All the adversity in her early life clearly built up her foundation for money and generate an invincible determination and drive for success.

But that’s not the end of today’s story…

In fact, it’s just the beginning.

Without giving too much away, let’s just say that there was a chain of events that completely shocked us and brought a tear to our eyes.

Please just listen to this episode folks – we’ve started the Summer Series with her story ‘cos if it ain’t a bang, we don’t know what is!

Huge shout out to Dee for sharing her incredible story with us – powerful stuff, folks!

 

Free Stuff Mentioned

 

Additional notes:

A separation is never easy… Especially when you got pull the rug from under.
So if you’re finding yourself in that spot then please do not hesitate to reach out for help. That’s the first step to recovery. Here are some useful links that might help you take that step:

 

Here’s what we cover…

  • 1:37 – Meet Dee.
  • 2:13 – What was her early life like when money was very scarce…
  • 7:39 – When did she start to have a consciousness with money?
  • 8:50 – Sticking to old money habits (even when she didn’t need to!)
  • 10:45 – The sacrifices made to live in a rich neighbourhood
  • 12:55 – How did she spent her first pay-packet? (What an indulgence!)
  • 13:57 – The significant change that happened in uni…
  • 14:28 – When was her 1st holiday…?
  • 15:48 – What she didn’t see coming…
  • 16:30 – THIS is what a single parent’s life is like
  • 17:50 – The Event Timeline
  • 18:40 – What was the turning point in her life?
  • 20:05 – What did money management look like in the past?
  • 23:05 – How the same advice from the same person can still be perceived differently?
  • 24:25 – The journey to recovery…
  • 27:15 – Overcoming the “perfect family” stigma…
  • 28:15 – How do you separate everything when they are joined for so long?
  • 32:05 – Why was Mortgage Free so crucial for her?
  • 34:51 – What’s Dee’s definition of wealth?
  • 36:46 – What are the next steps after a separation?
  • 40:44 – Discovering Make Money Simple Again and The Armchair Guide to Property
  • 43:33 – The gift to herself!!
  • 44:51 – Favourite Quotes
  • 47:30 – How does it feel to model her transformation to her kids?
  • 51:34 – Her message to others

 

 

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

Keen to Get Started with Money SMARTS?

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

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