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041 | The Moving Parts of Cash Flow Management (Money & Wealth Accumulation Model)

Money & Wealth Accummulation Model - FinalThis week on The Property Couch, Bryce and Ben discuss the moving parts of a cash flow management strategy.

As compared to Episode 3 (Four Pillars of Mastery – Cash Flow Management) where we talked about the flow of money, this episode is mainly about the Money and Wealth Accumulation Model. It includes the variables and assumptions to consider when modelling sophisticated wealth outcomes.

As this topic can be fairly detailed, we strongly recommend you have the diagram open while listening to this episode.

We will also be answering this question from Bradden:

You often refer to paying down debt during your talks as a means of creating passive income. Is there a strategy of paying down debt on your rental properties? Is it just as simple as paying P&I? Do you only start paying down debt once you have finished your accumulation phase? Does this only happen when you start to sell one of your properties? I’m interested in hearing your thoughts on paying down debt. P.S. Ben’s not a bad bloke for a Collingwood supporter.

This topic is also discussed in Part Three (Section 10) of our book The Armchair Guide to Property Investing. For those who have the book, you can also refer to page 219 for additional reference.

Free resources mentioned in this episode

If you enjoyed this episode, don’t forget to rate us on our iTunes channel (The Property Couch Podcast) and our Facebook page. Any questions or ideas? Feel free to drop us your thoughts here: https://thepropertycouch.com.au/topics/

016 (Part 2) | The 5 Essential Steps to Property Investing in Australia

Aaand we’re back at it folks!!   

Our first double part episode…ALL IN THE SPACE OF ONE WEEK!  

Yep. That’s how important we believe these two lessons are!!  

So today we’re finishing our “5 Essential Steps to Property Investing in Australia” framework (of course, if you haven’t already listened to the first part, tune in here) covering the last TWO steps of the process:  

4. Implement (The researching and buying – often what too many people do FIRST in the framework)  

5. Manage (The checking and monitoring of the property each year)  

Ep 16 The Property Couch - 5 Essential Steps to Property Investing in Australia Part 2

Combined, these 5 steps will guide you to effectively and successfully plan and achieve your life goals!  

AND (in the wise words of Bryce) if you’d like to turn your dream into a goal, our business – Empower Wealth – offers tailored Property Wealth Planning strategies based on YOUR financial and life goals.   

We discuss how these plans work and why they’re important… 

Plus, we define the 2 key metrics that Empower Wealth uses to create these insanely accurate financial plans!  

(Did we mention these advanced calculations have been designed by Ben himself??)  

If you’re interested in getting us to help you out with your property journey, check us out here!  

There’s so much gold in this framework finale episode, tune in now folks!  

 

Free Stuff Mentioned  

Just starting your property investing journey? Check out our FREE Binge Guide to the Foundations of Property, Finance and Money Management, which show you which episodes you need to understand the basics!

Here’s what it looks like inside:

What to expect in this 90-page cheat sheet?

  • The foundational knowledge from each of the first 20 episodes
  • The absolute GOLD that you should not miss out on!
  • Quotes from Bryce and Ben that will make all the difference
  • Links to all the free resources that they mention in the episodes
  • Additional bonuses that will help you in further understanding the fundamentals
  • And of course…charts and graphs that you can’t find on the podcast!

 

Interested? Fill in the form below and we’ll email it to you right away.






 

Here’s some of the gold we cover…

  • 0:40 – It’s all strategy and tactics folks… 
  • 1:01 – How to develop the best investment strategy for you (and how we can help!)  
  • 2:48 – The footy equivalent of what we’re teaching  
  • 3:41 – Plan to become what you plan to become! 
  • 5:39 – What you need to factor into your plans… 
  • 6:38 – This part is for the folks who want to do their own plan! (How we do it)  
  • 7:50 – Why Ben created Empower Wealth’s simulation software  
  • 9:39 – The 1st key metric in Ben’s software 
  • 10:26 – The 2nd key metric in Ben’s software (and why it’s so important!)  
  • 12:34 – Step 4 in our framework  
  • 15:50 – Step 5 (and what often happens without a plan…)  
  • 17:38 – What happens when you DO have a plan!  
  • 18:18 – Great property investments only require HOW much time?!  
  • 20:31 – We’ve done a…webinar?! Plus a bonus you can get!  

 

016 (Part 1) | The 5 Essential Steps to Property Investing in Australia

Folks, we think Australia’s school curriculum should include money management and smart investing…  

In fact, we believe so strongly that Aussies need MORE property education, that we’re expanding from our “Four Pillars of Mastery” series… 

(Haven’t listened? You can check it out here!) 

…into the first part of our “5 Essential Steps to Property Investing in Australia” framework!! 

Yep, that’s right folks, we’re giving you yet another free framework that’ll guide you on your professional investing journey!  

Today we’re covering the first 3 steps… 

  1. Clarify (Understanding your personal financial story, and your properties’ potential)  
  2. Evaluate (This is the art of understanding your cash flow – basically, crunching those numbers)  
  3. Plan (Putting a written plan into place)  

Ep 16 The Property Couch - 5 Essential Steps to Property Investing in Australia

We’re breaking down each section and explaining how you can achieve it, with insider tips that we’ve learned over the past 40 years!   

We’ll also be unpacking the Microscope Challenge and listing some real-life examples in action. Tune in now to upgrade your knowledge!  💃 

P.S Make sure you check out the simulator that Ben mentions in this podcast, it’ll seriously help you to achieve these three steps!  

P.P.S Continue to >> Part 2 of 5 Essential Steps to Property Investing in Australia

 

Free Stuff Mentioned  

Just starting your property investing journey? Check out our FREE Binge Guide to the Foundations of Property, Finance and Money Management, which show you which episodes you need to understand the basics!

Here’s what it looks like inside!!

What to expect in this 90-page cheat sheet?

  • The foundational knowledge from each of the first 20 episodes
  • The absolute GOLD that you should not miss out on!
  • Quotes from Bryce and Ben that will make all the difference
  • Links to all the free resources that they mention in the episodes
  • Additional bonuses that will help you in further understanding the fundamentals
  • And of course…charts and graphs that you can’t find on the podcast!

 

Interested? Fill in the form below and we’ll email it to you right away.





Tick this box to sign up for marketing and other free materials such as videos, calculators, reports and more – you can unsubscribe at any time.

 

Here’s some of the gold we cover…

  • 0:55 – This 80-year-old has an interesting story…. 
  • 3:50 – Why you should start listening to The Property Couch from the start!  
  • 5:12 – What we aim to do through this podcast…  
  • 7:00 – People spend THOUSANDS on this (and we’re giving it to you for free!!)  
  • 7:52 – The Microscope Challenge property investors face   
  • 8:57 – The smart ones know THIS 
  • 10:00 – Lesson #1: CLARIFY  
  • 12:00 – Begin with the _____ in mind!  
  • 13:35 – Lesson #2: EVALUATE 
  • 14:00 – The art of understanding… 
  • 15:45 – Why our simulator is so beneficial 
  • 16:27 – The 3 areas your money MUST cover… 
  • 16:57 – Real life case study: Should we invest or buy a family home?  
  • 18:11 – Lesson #3: PLAN  
  • 19:00 – Why you should RUN if a property investment advisor asks you “Have you set up a self-managed super fund?”  
  • 19:35 – An interesting commentary on “solving” property spruikers 

 

Special Note: 

Looking for a Qualified Property Investment Advisor (QPIA)? Use the Search Function on the PIPA Website here or get in touch with us!  

Our parent company Empower Wealth is a PIPA Member, and all our advisors are QPIAs who are very capable of building a unique and tailored Property Portfolio Plan just for you. You can learn more about our free and no-obligations initial consultation here. 

 

006 | Four Pillars of Mastery – Defence

Folks, it’s scary to watch investors pour bucketloads of time and money into budgeting and buying a property, to then not invest in any protection!  

This is exactly why we’re homing in on the fourth and final part of our ABCD Property Investment Formula series: Defence!

Previously, we’ve spoken about cash flow management, borrowing power and asset selection. If asset selection is the favourite of the Four Pillars, then defence is definitely the least! Most investors are always on the lookout for new investments or new ventures to go into, but the most important asset is actually the investor themselves.

That’s why we’re looking at… 

🛡 HOW to minimise risk across Asset Selection, Borrowing Power and Cash Flow Management… 

🛡 WHO you shouldn’t be taking advice from…. (Hint: Ben and Bryce are declared enemies of these types of advisors 😉)  

🛡 WHY you should be investing in certain policies and mortgage brokers… 

And why mining towns aren’t the ideal investment – especially if it’s your first property!  

So don’t end up like some of the people that Ben references in today’s podcast, or spend years investing only to be blindsided by weak defence… 

Tune in and get smart with our final pillar in the Property Investment Formula!  

 

Free Stuff Mentioned  

Just starting your property investing journey? Check out our FREE Binge Guide to the Foundations of Property, Finance and Money Management, which show you which episodes you need to understand the basics! Or fill in the form below and we’ll email it to you right away. 






 

Here’s some of the gold we cover…

  • 1:18 – When we say defence, we’re talking about… 
  • 1:50 – Why you need to unpack YOUR story  
  • 2:35 – Risk mitigation and borrowing power 
  • 3:40 – The 3 filters for determining defence in asset selection  
  • 5:00 – Understanding risk vs. reward 
  • 5:25 – Mining Towns vs Blue Chip areas  
  • 6:10 – How you should be analysing properties (and what you shouldn’t be seduced by!)  
  • 7:50 – Who you should be taking defence advice from!  
  • 10:14 – The BIGGEST defence you can have in Cash Flow Management  
  • 12:30 – How to install defence measures to your borrowing power  
  • 13:00 – Why you need an _____ _____ mortgage broker!  
  • 13:42 – What are we actually protecting? 
  • 14:08 – How to mitigate asset risk  
  • 15:45 – Defence for assets is also defence against _____!  
  • 16:08 – How to protect your income and lifestyle  
  • 17:55 – Why THIS type of insurance is important as you get older  
  • 19:42 – Help us educate others! 

 

003 | Four Pillars of Mastery – Cash Flow Management

Do you know the ABCDs of property investing??  

Yep, we’ve spent years defining this Property Investment Formula (which we like to call the ABCDs) that every property investor should master!!  

That’s right, there’s a science behind investing; property investment is not just a transaction.  

So get excited folks because over the next four episodes we’ll be deep-diving into the four pillars which make up this Property Investment Formula:  

A – Asset Selection (aka what property to buy)
B – Borrowing Power (aka how to set up your loan strategy and structure)
C – Cash Flow Management (aka how to trap more surplus)
D – Defence (aka how to protect yourself and your portfolio) 

BUT REMEMBER, while this acronym makes it easy to remember, this is NOT the order it should be implemented in. 

Most people tend to start with “A” – the property itself…aka Asset Selection – this is NOT where you should start!  

Instead, folks, we’ll be starting with the foundation pillar that is also the hardest to master – Cash Flow Management!  

‘And why is this the hardest?’, you ask… 

Well, unlike the other pillars, its success is totally dependent on YOU! 🤯

It requires one’s own planning, observation, and discipline: all things a professional advisor can’t provide!

It’s also the cornerstone to building a successful property portfolio!  

As the famous quote goes, “change begins with you” and it’s no different for your finances.

Listen in and learn how to manage your cash flow once and for all!!! 

 

Free Stuff Mentioned  

  • Check out the Cash Flow Management – Flow of Money chart below: 

Ep 003 - Four Pillars of Mastery - Cash Flow Management - The Property Couch chart 2

    • Just starting your property investing journey? Check out our FREE Binge Guide to the Foundations of Property, Finance and Money Management, which show you which episodes you need to understand the basics! Or fill in the form below and we’ll email it to you right away!






 

 

Here’s some of the gold we cover… 

  • 0:28 – We’ve been on a tour… (No, we’re not in a band 😉  
  • 1:52 – We see THIS mistake too much  
  • 3:20 – So, what are the four pillars?  
  • 4:12 – Why is Cash Flow Management so difficult?   
  • 5:45 – What differentiates good vs great Cash Flow Management?  
  • 7:10 – “Running a household is like running a business”  
  • 8:30 – In the old days, we had… 
  • 9:38 – WHY Cash Flow Management is the cornerstone of a successful investor!  
  • 10:40 – Where MOST people get it wrong is with ____ spending 
  • 11:19 – “Our Flow of Money” chart explained!  
  • 11:58 – What you can do with your surplus!  
  • 12:40 – Why budgets are hard   
  • 14:31 – Thinking of touching your super early? Listen to this!   
  • 15:59 – The problem with an interest capitalisation strategy  
  • 16:55 –How Ben navigated a life change with success  
  • 18:25 – Key takeaways!!  

 

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