X

513 | What’s The Forgotten Pillar of Wealth Creation?

It’s not a fun BBQ conversation like discussing the rate you snagged or the exciting new property you just bought but…

It is a critical pillar for holding up your entire wealth creation. 🏠🃏 

Yep. We’re talking about the forgotten pillar of wealth creation.

Here’s the deal:

  • What essential defences do you need to protect your income, assets and lifestyle?
  • What does Ben consider a “Peace of Mind” policy?
  • The hidden problem in houses
  • How does defence tie in with the two core pillars of property investing?

It’s an episode that not enough folks are talking about. Tune in now so your wealth isn’t, in the wise words of Ben, “built on a house of cards.”

Listen now!

 

Free Stuff Mentioned…

  • Vote for The Property Couch!
    If we’ve helped you in any way, we ask you to vote for us at the 2024 Australian Podcast Awards! Help us reach and transform more folk’s money management, finance and property investing knowledge across Australia. Vote now >>
  • Download the 2024 PIPA Annual Property Investor Sentiment Survey
    The Property Investment Professionals of Australia conducted their annual survey in August 2024. With more than 13,000 respondents, the findings of property investors selling out are both surprising and saddening. Download the report now >>   
  • Not sure how much buffer you should have for peace of mind regarding your job security?
    Moorr, your all-in-one money management platform offers MoneySTRETCH, an advanced tool to see how long your money will last with no income. Calculate how much you need for a rainy day now >>  

 

Timestamps

  • 0:00 – What’s The Forgotten Pillar of Wealth Creation? 
  • 1:24 – The torturous path of being a Freo supporter 😉  
  • 4:10 – Vote for us in the 2024 Australian Podcast Awards!  
  • 6:35 – Mindset Minute: Kind words from a listener: What happens when action meets an improvement mindset 
  • 10:03 – The Forgotten Pillar  
  • 11:09 – Income: “Do more than what you’re paid to do, and eventually…”  
  • 14:53 – Why adding value should be part of your defence strategy!  
  • 18:48 – How much buffer should you have?  
  • 21:42 – THIS is why a property-savvy accountant really matters in your accumulation phase 
  • 23:53 – Your health is your wealth  
  • 25:28 – A lot of banks assess this #1 thing!  
  • 27:13 – Lifestyle: Your North Star and do THIS if you’re feeling wobbly  
  • 30:33 – How to Google Maps your lifestyle  
  • 32:24 – Defining TPD & Trauma: Nuances and Ben’s personal stories  
  • 36:06 – Life insurance: Don’t just do it for the primary earner  
  • 37:37 Assets: The hidden problem in houses  
  • 41:41 – Protecting YOU against tenants  
  • 44:41 – Tenancy reforms: A $23,000 fine?! Here’s how to avoid it.  
  • 48:30 – The 4 Pillars: How does Defence tie in with Borrowing Power & Cash Management? 

And… 

 

468 | Why Don’t We Start with Property First and the Hidden Power of Building a Moat

 

In this week’s episode, we’re back with our final Throwback Thursday episode focusing on our last. three foundational pillars from our Four Pillars of Property Investing Mastery!  

Folks, these pillars are absolutely critical for anyone wanting to build a stable property portfolio which is why we’re revisiting and unpacking these concepts with today’s market conditions.  

From APRA’s 3% buffer rate to rising interest rates and its impact on Asset Selection, we’ll be tying together our cornerstone principles from 2015 with our top strategies to hold and afford new properties today. 

We’ll be covering… 

⚡ Ep 4. Borrowing Power: How to smash glass ceilings, why finance is like a game of chess and the top #3 solutions to maximise your leverage 😊   

🔬 Ep 5. Asset Selection: Why we don’t start with property first, the telescope vs microscope view and applying the Buyers Decision Quadrant today.  

🛡️ Ep 6. Defence: The most important asset, why you need to build a moat and the critical elements of defence 

A topical episode that ties into our evergreen investing strategies, tune in now!  

 

Free Stuff Mentioned

  • Get your hands on our free Binge Guide! This contains the First 20 Episodes – which are our foundational episodes – of The Property Couch. Get it here >>  
  • Read the article from Ben’s “What’s Making Property News?” here >>  

 

Timestamps

  • 0:00 – Why Don’t We Start with Property First and the Hidden Power of Building a Moat 
  • 1:30 – Some invaluable feedback (Thank you Francis!)  
  • 3:39  – Mindset Minute: “Imagine playing Monopoly and Never Buying Any Assets or Investments…” 
  • 6:08 – Ep 4: Borrowing Power 
  • 7:13 – Do THIS if you feel you’re paying too much interest 
  • 11:40 – Beware! Leverage can cause glass ceilings  
  • 12:26 – The top #2 rookie mistakes property investors make  
  • 15:16 – Why is finance like a chess game?  
  • 18:10 – The critical link with Cashflow Management  
  • 20:07 – The #3 Solution Tiers: Tailoring vs. Off the Shelf  
  • 23:10 – 200+ years of experience?!  
  • 25:20 – Ep 5: Asset Selection  
  • 26:36 – The Veblen (aka. The Envy) Effect & Human Behaviour 
  • 30:48 – Telescope vs. Microscope View 🔭 
  • 31:56 – The Buyers Decision Quadrant  
  • 41:04 – Our evergreen quotes…  
  • 41:44 – Ep 6: Defence 
  • 42:18 – THIS is the most important asset to an investor  
  • 44:58 – The #3 essential components of defence  
  • 50:08 – Folks, this is about building a stable stool!  

And… 

  • 55:13 – Lifehack: We should all live life by our Ikigai 
  • 58:11 – WMPN: A 650% increase on Brisbane Landlords?!  

 

The Property Investment Formula That Works In ANY Market And At ANY Time!

If there’s just one framework you should focus your attention on if you want to be a successful property investor… please make it this one!

Folks, in today’s episode we’re revealing THE Property Investment Formula you need, not just in your toolkit, but also what you must implement if you want to build a multimillion-dollar property portfolio that creates a passive income for yourself and your loved ones!

Our Property Investment Formula is made up of FOUR critical elements – what we call our our “A.B.C.D.” Pillars of Mastery – and it works in ANY market and at ANY time… (yep!)… ‘cos this is an evergreen formula to invest in property. It really will work today, tomorrow and forever. So make sure you get this framework RIGHT.

The “A.B.C.D” Pillars of Mastery are…

  • Asset Selection
  • Borrowing Power
  • Cashflow Management
  • Defence

BUT while this “A.B.C.D” Acronym makes it super easy for you to remember… these Pillars are NOT in their correct order as you would apply them in real life… so, please NEVER start with the property (Asset Selection)!

We’re about to unpack what order to apply our “ABCD” Property Investment Formula and how to implement and what to consider in each individual Pillar.

This is one of our all-time favour frameworks and, yep, it is absolutely critical for every property investor, no matter what stage they are in!

Listen now to get the proven formula to invest in property that works in any market and at any time!

Don’t forget, get further insights and “play along at home” by picking up a FREE physical copy of our book here: http://www.thearmchairguide.com.au/

 

Here’s a bit of what we cover in today’s episode…

  • What is Asset Selection?
  • What and Where should you buy?
  • The 4 Developer Tricks To Avoid At All Costs
  • New vs Old Properties
  • Investment Grade vs Investment Stock
  • How to recognise an Investment Grade Property
  • What is Borrowing Power?
  • How do you maximise your Borrowing Power?
  • How to Structure your home loans
  • Principle Interest vs Interest Only
  • What’s a Cash-on-Cash return?
  • Why’s interest rate NOT king?
  • What is “cross-collateralisation” ?
  • Should you pay Lenders Mortgage Insurance (LMI)?
  • Why should you NEVER get a loan directly from the bank?
  • Who should you get your mortgage advice from?
  • What is Cashflow Management?
  • Good Management vs Great Money Management
  • Four Steps to Elite Money Management
  • Why is “Liquidity” so crucial for a property investor?
  • What should you do with your money?
  • Or Money SMARTS system to Financial Peace
  • What is Defence?
  • How can you protect yourself, your family and your property portfolio?
  • What type of insurances are there?
  • What professional should you seek out?
  • How can you reduce your risk?

 

Free Resources

  • Free Book – The Armchair Guide To Property Investing: How to Retire on $2,000 A Week (please just pay for postage – we’ll pay for the book and send it anywhere in Australia for you.)
  • The Property Couch PodcastThe Insider’s Guide to Property Finance and Money Management (This is Australia’s #1 Property Podcast with over 307+ episodes that features HEAPS of simple and actionable frameworks, countless interviews with the best minds in the Australian property and finance industry and a ridiculous number of free resources to help you at any stage of the property investment journey)

 

Episodes from The Property Couch to Further Support You…

 

455 | How a $69,000 Property, 2 Duplexes and a Buffer Changed this Investor’s Life Forever! – Chat with Jodi Page Smith

As winter comes to an end so too does our phenomenal 2023 Winter Series, but you can be sure folks, we’re ending it with a bang!  

This week we’re sitting down with an investor whose childhood was characterised by sacrifice, determination and good money habits… 

Tune in now to hear how this moulded the person she’s become, growing up in a low socioeconomic area to buying her first investment property...just before travelling the globe?!?  

 Yep – Jodi’s story is one that will have you guessing her next move until the very end!!  

From her biggest regret (HINT: it has to with duplexes) to buying that property for $69,000 to the lifesaving decision she made in her 20s to get a certain line of defence… 

We’re unpacking a tale that truly highlights the power of getting your ducks in order, the glory of defence strategies and how determination wins the day over and over again. 

A MASSIVE thank you to Jodi and all our amazing Winter Series guests who’ve stepped up and shared your amazing stories with our community. 

Tune in now to finish our superb 2023 series with one insanely awesome and humble lady! 

 

P.S. Sad about this series ending? Don’t worry, we’ve got a super exciting guest coming on in just 2 weeks – and trust us, Bryce has been trying for YEARS to get them on…  We can’t wait to reveal who it is 😉 Stay tuned!  

 

 Give it a listen now or watch the Episode below! 

 

Free Stuff Mentioned… 

  • Ben needs your help! Fill out PIPA’s 9th Annual Sentiment Survey which helps to assess market attitudes and forms the basis for advocacy work against negative property investing policies. Fill it out here now.  
  • Listen to our earlier Winter Series Guests by clicking here!  

 

Here’s some of the gold we cover… 

  • 1:22 – Meet Jodi!  
  • 1:52 – Low socioeconomics & her parent’s goals… 
  • 6:05 – Growing up with both working parents 
  • 9:16 – The money exchange between Mum and Dad 
  • 10:38 – How to build financial muscle memory!   
  • 13:08 – From 1 to 15 buckets… 
  • 13:44 – The first investment property: When your parents back your decision… 
  • 14:26 – “I wish I had bought 4”  
  • 16:24 – Why do people keep moving houses?! (Her A-HA moment)  
  • 18:48 – What???? $69,000?!?   
  • 19:19 – A marriage, a duplex and being a Doer  
  • 21:46 The Biggest Regret  
  • 22:36 – Struck by sickness… 
  • 23:55 – Subdividing the tricky way 😮  
  • 26:06 – When you really trust your gut instincts    
  • 27:21 – How to Engineer Success 
  • 29:01 – What has saved Jodi and her family numerous times??  
  • 31:33 – It’s not very sexy but… 
  • 32:51 – The importance of buffers and cashflow management  
  • 35:02 What motivated Jodi to put a professional plan in place?  
  • 36:41– How she gained validation, knowing & peace of mind!   
  • 37:15 – Getting to the finish line quicker?!   
  • 39:41 – Cutting back where possible and interest rates 
  • 41:13 – Making sacrifices to stick to the vision    
  • 43:19 – Their like chalk and cheese  
  • 45:20 – Wanting people to know that…. IT DOES WORK   
  • 48:12 – TAKING ACTION!  

And… 

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Get Moorr out of your money.
Log in or create your free account via the Moorr web platform, or download the app on Apple and Android and transform the way you view and track your wealth. 

 

343 | “Pass Go & Collect $200” – 6 Property Lessons From Monopoly!

Ah, Monopoly – the classic board game… chances are you’ve got fond (or maybe even frustrated?) flashbacks playing it…

[… Nothing quite like the feeling of “Passing Go”, getting a quick cashflow lift, and then proceeding to bankrupt your loved ones in a friendly-but-no-so-friendly game of Monopoly… 😅]

Well folks, Did You Knowthe 100-year-old property-trading game actually has 6 Proven Property Lessons that you can (and should!) apply in real life!!

Yep. And here’s the deal… today we’re unpacking exactly how you can apply these key lessons from Monopoly to YOUR own lifestyle design!

Look, this episode’s a bit of fun BUT, most importantly, is full of timeless takeaways that’ll shake up the way you look at property investing… (and help cement the wisdom!)

 

Can You Guess The 6 Property Lessons…? 👇

  1. Always Be __
  2. The Most __ __ Is Not The Best
  3. Focus on __
  4. __ Your Investments
  5. __ Matters
  6. __ __ Is The Key

 

Tune in now to get the answers!

 

Free Stuff Mentioned

 

Here’s A Bit Of What We Cover…

  • 02:49 – Your BIGGEST Competitive Advantage!
  • 04:24 – Wait, you’ve NEVER heard of Monopoly..!?!
  • 05:43 – Bryce first thought you had to do THIS when negotiating…
  • 07:46 – LESSON 1: Always Be __
  • 08:39 – Trying to buy everything you land on… (and The Meltdown!)
  • 11:43 – How to Hack Probability WITHOUT Gambling…
  • 13:09 – Things we ask ourselves BEFORE we purchase anywhere
  • 13:22 – Can you get it right 100% of the time!?!
  • 14:17 – The block of dirt Ben almost bought…
  • 15:14 – LESSON 2: The Most __ __ Is Not The Best
  • 15:28 – When you’re caught up trying to buy Mayfair and Park Lane…
  • 17:48 – The most expensive properties on Monopoly… but in Australia!
  • 19:55 – LESSON 3: Focus on __
  • 20:18 – How to recover when you pick The Unlucky “Chance” Card
  • 23:20 – When the borrower is at the mercy of the lender…
  • 25:06 – The BIG yield between the “red” and the “blue” properties!
  • 25:47 – LESSON 4: __ Your Investments
  • 28:26 – What Monopoly teaches us about BORDERLESS investing…
  • 32:19 – LESSON 5: __ Matters
  • 32:45 – What squares are MOST landed on in Monopoly? (And what does this hint at when you invest in property…?)
  • 37:19 – LESSON 6: __ __ Is The Key!
  • 40:32 – Robert Kiyosaki’s cashflow game…
  • 43:42 – What the creators of Monopoly quickly realised…
  • 44:38 – 7 reasons why playing Monopoly is a great for kids!
  • 46:42 – Bryce’s version of Monopoly at home (LOL)
  • 46:57 – The Reality of Retirement WITHOUT a passive income…

 

 

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.

×

MONEY SMARTS SYSTEM

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

×