350 | How BEN Did It: A Passive Income of $190,000 Per Year… At 50!

By The Property Couch August 5, 2021 in Podcast

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Meet Ben Kingsley – Oh, wait. You probably have.

Not Gandhi, the other one.

The co-host of this podcast?

Yeah, THAT Ben.

Today Bryce is INTERVIEWING him, which might sound a bit odd. But, stick with us, ‘cos we promise you it’s going to be an episode you won’t ever forget, folks!

Why? Well, Ben has practiced what he preaches. That is – he has personally built his own property portfolio, played the long game and for his 50^th birthday this month, he will gift himself a passive income of $190,000 a year from it. Not bad, huh?

Portfolio, Done. Passive Income, Done. Lifestyle Design, Done.

Speaking of Lifestyle Design, this interview with Ben is taking place while he’s in the Kimberley, Western Australia! Turns out, he has – along with his wife Jane and their two boys – taken a 2-month sabbatical to their dream destination – something that was factored into their life and property plan many, many years ago.

Wait – they planned this holiday YEARS ago?

Yep, they sure did. And Ben is going to tell you exactly how he and Jane built their property portfolio to make certain it happened. (And how it helped fund the entire trip.)

In this “Never Before Revealed” episode, Ben is going to share his OWN journey to Financial Peace with you… and how he did it using the exact same principles and frameworks we teach on The Property Couch!

So, who is this wise ol’ mate, Ben Kingsley? And what can he share with you about his own journey to get here that he hasn’t publicly shared before? And can someone please tell us exactly what his portfolio looks like!?!

Sure. Strap yourselves in. This is a RIPPER!!

Free Stuff Mentioned

Ben’s $500,000 Mistake – Read here
Our NEW TAX SERVICE within our business! If you are on the hunt for a specialised property tax accountant, click here to find out more.

Here’s what we cover…

7:08 – A quick update on last week’s episode with Julia regarding BA fees in Canberra
7:30 – Our brand new Tax business! Register your interest here.
11:55 – Mindset minute: What’s found outside your comfort zone?
16:11 – Ben’s dinner table money conversation in “Fundoora”
17:40 – How many jobs did Ben’s dad had just to pay down his debt and what happened the very next day after his dad retired at 55!
20:05 – What happened at home that caused anxiety but yet motivated Ben to do things differently?
29:25 – __________ boots and _________ equipment << This is what they lavish on growing up
30:05 – The Functional view on his purchasing decisions
33:42 – The TWO INVESTMENT PRINCIPLES that started Ben’s investment journey
36:34 – First business he ever started that failed and pushed him out of his comfort zone
39:01 – Who are his early mentors – before Google?!
39:52 – Some of his experiences with spruikers and the mental triggers that they used
43:20 – The one problem that Ben was trying to solve that made him started an award-winning financial advisory firm
49:12 – When and who triggered the creation of Money SMARTS?
51:15 – The behind the scenes work when planning and implementing his lifestyle design of achieving passive income of $190,000 by 50
57:50 – Ben’s portfolio in detail – how many properties, type, location, yield and growth! (FIRST TIME ON THE SHOW!)
1:04:20 – Who did he meet in the Wyndham that made it all worth it?
1:10:40 – Overcoming the 3^rd Generation Curse and a Sense of Entitlement
1:11:29 – Bryce’s lifehack
1:11:30 – Update on Labor’s Negative Gearing policy

330 | Top 10 FOMO Mistakes Investors Make!

By The Property Couch March 18, 2021 in Podcast

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FOMO (Fear Of Missing Out) is certainly here in this hot property market, folks!

Let’s be real… the “Great Australian BBQ Topic” is officially on steroids right now — a combination of low interest rates, rising property prices and lack of supply in the market is seeing all sorts of people jump in on “the property party” they perceive everyone else is enjoying.

So, we want to be direct with you… there are NO excuses to purchase property because of FOMO! The reality is you should NEVER make huge financial decisions on a whim or forget to “look before you leap”.

A hot market — like the one we’re currently experiencing — is the perfect storm for property buyers to make mistakes and land themselves in hot water by stretching themselves too far, acting without thinking, falling into the “herd” mentality, or disregarding the fact that FOMO is a paradise for spruikers!!

As a follow-up to our 3-part mini-series on how to win in a HOT property market, today we’re tackling the Top 10 FOMO mistakes property investors make… because we DON’T want to see you getting burnt out there or realising too late that you fell into the trap of irrational exuberance!!

So, strap yourselves in folks… ‘cos we’re about to give you some TOUGH LOVE!

Free Stuff Mentioned…

What’s Covered In The Episode….

02:12 – How can you WIN our Start & Build online course?
07:57 – How Bryce’s heckle to Ben ended in a property investment lesson… (LOL)
09:57 – Mistake #1: You buy__ because you __ __ __ !
10:30 – The Perfect Storm for FOMO…
11:23 – A question to ask yourself to rein in FOMO…
11:54 – “I went to buy a loaf of bread and came back with a property!” (yep… real life story!)
14:02 – Why market movement doesn’t mean you should buy property…
15:10 – “CBAD”!
16:07 – Key FOMO difference for investors and owner-occupiers
16:28 – Ben’s Two Controversial Tips for Owner-Occupiers!
20:00 – Mistake #2: You buy because you want to get __ __ !
20:26 – Why is FOMO a paradise for Property Spruikers?
22:10 – Beware of The Stock List!
23:26 – Why we DON’T like the word “Rich”!
24:15 – The Fundamental Principle to work out if YOU are the product!
25:13 – Understanding the enemy…
26:34 – How to identify “The Millionaire Next Door”
27:17 – Mistake #3: You __ __ __
31:16 – The 30,000-foot view…
31:57 – The two most-common situations we model…
33:51 – Mistake #4: You __ the wrong __!
34:13 – Why you need to be cautious of “flipping” in a hot market…
35:24 – Understanding investment-grade locations…
36:00 – Why a character property could actually be the WRONG property for you…!
37:09 – Mistake #5: You __ __ want to __ on __ !
40:52 – Mistake #6: You __ without a __ __ __ __
41:27 – Why can you borrow more as a rentvestor?
42:20 – Considerations if you’re chasing higher-yielding properties
44:02 – Mistake #7: You underestimate what it takes to __ __ a __ __
44:47 – Mistake #8: You’re too __ or too __
46:17 – Classic examples that lead to a poor-performing property
48:27 – Mistake #9: Your __ is disconnected from __ _
50:20 – Are you paying too much?
53:50 – Mistake #10: You Buy __ Because You Think __ __ __ Changed!!

Welcome To Your Lifestyle Design: Your Passive Income Starts Here!

By The Property Couch October 26, 2020 in The Armchair Guide to Property Investing

Have you ever thought about how you can create a passive income through property investing?

Further to that… have you ever thought about the lifestyle you could design for yourself if you had $2,000 per week coming in… WITHOUT having to go to work for it?!

If that was the case, you could literally spend your time doing whatever it is you want – maybe it’s travel, maybe it’s philanthropy, maybe it’s each and everything in between!

Well, welcome to The Armchair Guide to Property Investing podcast…!

This show is for aspiring and existing property investors who want to learn how to build a multimillion-dollar property portfolio that creates $2,000 a week in passive income! Learn from Bryce Holdaway and Ben Kingsley, two of Australia’s leading property investment experts, the co-authors of the #1 bestselling book, The Armchair Guide to Property Investing and co-hosts of Australia’s #1 Property Podcast, The Property Couch – The Insider’s Guide to Property Finance and Money Management.

This show’s come together in a rather unique way (which Bryce is quickly going to tell you about now)… and, yep, it features the content, the “behind the scenes” summary and all of the best bits of our bestselling book – The Armchair Guide to Property investing: How to Retire on $2,000 a week. And, no, we don’t read it out word for word as that’s not as fun! 😉

If you want a FREE Physical Copy of The Armchair Guide, head to www.thearmchairguide.com.au for more details!

Enjoy the show… and, more importantly, enjoy your Lifestyle By Design!!

Free Report: Top Tips on How To Master the Foundational Pillars in Pandemic Times

By The Property Couch April 28, 2020 in Free Resources

We realised that Ep. 279 | How To Master The Pillars in Pandemic Times could be a tad long for some of our time-poor listeners. But it is a crucial episode especially when we are right in the middle of a pandemic.

To make it easy for our community to digest, we’ve listed out all the key points of the episode and produced a summary of all twenty-three tips on Asset Selection, Borrowing Power, Cashflow Management and Defence!

Just leave your details below and we’ll email you the PDF right away!

Free Showbag: Isolate + Chill

By The Property Couch March 25, 2020 in Free Resources

As mentioned on Episode 277 (Coronavirus and Property FAQ), we know that you’ll be spending a lot of time indoors. So we want to make sure that you’ve got enough material to keep you indoors! And there’s no better time than now to reflect and upgrade yourself to the next level be it in property, finance, money management or even MINDSET! So here’s our Isolate + Chill aka Self-Isolate and Self-Develop Showbag. 🙂

Scroll down to see all the links to the playlist. If you’d like us to email it to you instead along with some additional bonus materials, then just fill the form below. 😉

Now, let’s cut to the chase! We want to get you started on your Self Isolate and Self Develop Journey as soon as possible!

For iTunes Listeners

Here are the steps to import the playlist to your iTunes on your computer:

Click here to download the playlists files
Open up the downloaded zip folder and extract all the files onto your desktop
Open up your iTunes
Go to the top left corner of iTunes and look for “File”. Then, look for “Library” and select “Import Playlist”
A pop up will appear. Just navigate to your desktop and import your preferred playlist.
And that’s it! Your iTunes will import only one playlist at a time so you can repeat the steps if you’d like to import more than one playlist.
Happy Learning!

Still not sure how to do it? No worries! Stiggy got you covered. Watch the step-by-step video below:

For Spotify Listeners

It’s easy for you folks! Just click here to go to our profile and start following your favorite playlist! 😊

For YouTube Listeners

And of course, our YouTuber community! You guys get a couple of extra playlists too – The TPC GOLD and LIVE Videos! Just click here to go to our profile and pick your favorite one. 😊

Here Are All our Playlist Folks!

What’s Included in this Isolate + Chill Showbag?

Our top downloads, all in one email!

Make Money Simple Again (Free eBook)
The Binge Guide to the Foundations of Property, Finance and Money Management (Free PDF)
Our Top 5 Frameworks for Property Investors (Free PDF)
The Money Savings Hacks The Banks Don’t Want You To Know About (Free Video Series)

All these playlists and their links so you can re-visit them whenever you want!:

COVID-19 on Property, Finance and Money Management:
Across the globe, we’ve all been impacted by COVID-19… and it doesn’t look like it’s slowing any time soon…
With all of the unknows out there… what DO we know? And how is COVID-19 going to affect property prices, the economy and our purse strings? Get our recent updates here.

THE ESSENTIALS
The essentials are the absolute fundamentals of Property, Finance and Money Management! These are the FIRST 20 EPISODES of The Property Couch and are a must-listen for everyone. Check out the “Binge Guide” that covers all the best bits -go to “Free Resources”!

Money, Money, Money!
Money. It makes the world go round. But no one likes “too much month” at the end of the money… so check out our best episodes on Money Management – incl. Money SMARTS, Money Habits, Money Hacks and Money Mindsets

Let’s Talk About Finance
A property investor walks into a bank and says, “Hey, can I have a home loan?”
Just joking, don’t do that. Listen to these instead – from everything to Borrowing Power, Offset Accounts, Interest rates, Finance Structure and Strategy, Investment-Savvy Mortgage Broker and much, much more…

Finding The ‘Perfect’ Property
How do you find the perfect property? What does it look like and where is it located? Find out the top tips on asset selection, incl. investment stock vs investment grade, the reality of tax depreciation, property “spruikers”, contract reviews, building a portfolio and way more!

Mindset Matters
A wise man by the name of Jim Rohn once said, “Stand guard at the door of your mind”.When it comes to property, finance and money management matters. Why? You’re going against the tide. So invest in your mind as well as your knowledge… Hear from ….

Meet the Elite
They’ve Been There. They’ve Done It. And Now They Teach What They’ve Learnt. Hear from the professional experts who have made a living out of investing in property and know first-hand what to do (and what never to do)! Ft. Jan Somers, Paul Clitheroe, Effie Zahos, Susan Alberti, Alan Oster, Alan Kohler, Roger Montgomery, Margaret Lomas, Jeremy Sheppard, Peter Koulizos, Veronica Morgan and heaps more!

Real Life Transformations
Hear first-hand from your peers who have gone ahead and implemented what they’ve learnt on the podcast! Yes, these folks are real life investors who have featured on our Summer Series because they are
1.) Awesome 2.) Have an inspiring story 3.) Explain exactly how they did it.

Question and Answers!
This is the ENTIRE VAULT of our Q&A Episodes! Yep, folks ask. We answer. We cover a HUGE list of topics/questions so take a listen at what’s most useful for you! Don’t forget, you can always send in your own Question 😊

What are you waiting for? Start your Self-Isolation and Self-Discovery Journey today!

Free resources: Isolate + Chill

Fill in the form below and we'll email you all the playlist links and bonus resources right away! 😉