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399 | “I Just Wanted to Keep the Party Going!”: From Overcoming Addiction to a 4 Investment Property Plan – Chat with Alex

By in Podcast, Summer Series, Winter Series

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“It was almost considered rude in our family to be talking about how money is generated and how much of it is generated, and where it goes. We were sort of told to mind our own business…” 

Folks, we’re finishing our 2022 Winter Series on a high with a guest with an amazing tale that shows the undeniable power of changing your mindset to change your life… 

 

Today’s special guest – Alex – grew up in a household where discussing money was actually considered….rude :O. And this seed grew into a tree of bad money habits and sadly, fed into his alcoholism.  

Expecting to “rent forever” and living cheaply so he could splurge on the weekends, Alex wasn’t thinking about the future, or family, at all… 

So how has he completely transformed from this state, full of years of traumatic money lessons and spendthrift behaviours, into his new life rich with self-funded travel experiences, financial freedom AND a positive mindset towards money?!

(We will say he had a “knight in shining armour” by the name of Sabrina who helped steer him in the right direction 😉)  

And did we mention he had also gone 474 days without a drop when we spoke to him?! Amazing stuff. 

Folks this story is so mind-blowingly raw and honest that we just want to give both Alex (and his Mum AND all his pillars of support) a gigantic hug through the soundwaves. 

Tune in now to learn how planning has allowed Alex to not only change his entire financial story but has helped him to beat his addiction.  So.much.gold!!!!! 👏👏👏 

 

 

P.S And folks, make sure you stay tuned for next week’s episode ‘cos it’s a HUGE milestone for us….Yep. It’s our 400th episode!!!!! And you can be sure we’ve got a super-fantastic-hyper-awesome guest in store for you – watch this space!!! 

 

Free Stuff Mentioned… 

 

Here’s some of the gold we cover… 

  • 0:40 – All great things must end…🙁  
  • 2:45 – Meet Alex!  
  • 3:21 – Money Conversations in Alex’s house were considered…rude?!?! 
  • 5:21 – How 2 different upbringings created 2 VERY different money habits…. 
  • 6:38 – His parent’s divorce 🙁
  • 8:02 – His Teenage Years (aka. Putting money where he DEFINITELY shouldn’t have)  
  • 10:18 – So..what changed his ways?  
  • 12:20 – Alex’s Battle with Alcoholism 
  • 13:55 – How did a lack of Money Conversations affect Alex??  
  • 17:06 – His Mum’s Financial Story as a Superhero Single Mother  
  • 18:16 – “I just wanted to keep the party going…”  
  • 20:00 – The 2 mentors that changed his views on wealth-building… 
  • 22:52 – The events that switched “ON” Alex’s aspirations! 
  • 26:23 – What Drove Them to Seek Professional Advice  
  • 28:28 – So how did his brother’s financial story turn out??  
  • 31:24 – How having plans has helped Alex turn it all around
  • 34:31 – How this family is balancing love of travel, experiences AND wealth-building!! 
  • 37:02 – The Process of Creating the Plan (Did they get that Beach House?!)  
  • 41:49 – Folks, this is why starting TODAY is key!  
  • 44:36 – Why James Simon is actually better at investing than Warren Buffet?!?! 
  • 46:13 – Did Alex and Sabrina enjoy the planning process? 
  • 49:30 – Alex’s Advice to Listeners: “It’s all about M_ _d_e_ at the end of the day…” 
  • 51:21 – What could potentially derail this couple?! 
  • 53:51 – What does their Property Wealth Plan look like? 
  • 57:38 – What would Alex’s mum say?  
  • 59:33 – Public statements do THIS… 
  • 1:01:46 – Ben & Bryce’s Top Takeaways (You can ALWAYS change your money habits folks!) 
  • 1:07:05 – Why couples need an Independent Voice of Reason!!  
  • 1:08:15 – Eager to change your money situation? Listen to this for some of our best-selling resources — for FREE!  
  • 1:09:28 – Folks, get independent advice! (Why not try us out for size? Book in your FREE no-obligation consultation here 😊)  
  • 1:11:39 – We also want to share with you our evergreen CPA lecture on “How to Plan to Build a Passive Income For Life with Property Investment” – watch it here now! 
  • 1:14:30 – We’re hitting a HUGE milestone next week...(Be sure to tune in next week for one of our BEST episodes yet…)  

 

398 | From Financial Anorexia to Financial Peace of Mind – Chat with Jack

By in Podcast, Summer Series, Winter Series

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“I wouldn’t be going on holidays, I wouldn’t be going on those trips or just those little things, I guess the little voice in the back of my head going, “Oh, you sure you can afford that?”  

Folks, today’s guest has been through a remarkable journey.  He’s transformed from a state of Financial Anorexia to achieving Financial Peace of Mind – but his tale doesn’t begin as you might think.

Jack didn’t grow up scrounging for pennies for the bus or living under a tight budget. Instead, he grew up in a hard-working, small business household where he was already jumping on to help with work at the age of 14!  Basically, Jack knew the value of money and had a strong work ethic from very early on. 

So…how did he become Financially Anorexic?! 

And what did he do to get himself out of the paralysis?!

That’s just some of the amazing chapters in Jack’s story – just wait till his now-wife, Hannah enters the scene and Jack has to create new Money Norms as a couple!!  

It’s a truly motivational tale about taking control of one’s life and facing one’s fears through planning. Thank you for sharing your story with us Jack, it’s a true testament to the power of taking action. 

Such an uplifting story – tune in now folks.  

 

P.S There’s also a sneaky story about Bryce getting sacked from a job – tune in to find out why 😉   

P.P.S. After weeks of prep, we hosted our BIGGEST webinar to date last night. Yep, we covered How to build a multimillion-dollar property portfolio in a rising interest environment and boy was it a hit! Missed out? You can still watch the replay (for a very LIMITED time only)…click here to watch it now… 

 

Free Stuff Mentioned… 

Here’s some of the gold we cover… 

  • 0:57 – Did you miss our BIGGEST webinar ever on how to build a multimillion-dollar property portfolio in a rising interest environment?! You can catch our LIMITED TIME replay here…don’t miss out again!
  • 1:56 – Meet Jack! 
  • 3:31 – Money conversations from a small business household with 4 kids… 
  • 6:20 – How he developed a strong work ethic from 14 years old! 
  • 7:33 – The job Bryce got sacked from 😮  
  • 9:08 – Yep. When Jack turned 18 he bought a …. 
  • 9:52 – His Gap Year  
  • 12:18 – When following in your brothers’ footsteps is a good thing! 
  • 14:11 – What Jack’s first investment property was like!!  
  • 16:18 – If he was doing alright…then why did he get a plan?!?  
  • 17:50 – Having a plan forced him to face THIS question…. 
  • 18:35 – The Symptoms of Financial Anorexia  
  • 21:18 – How it manifested for this couple…(Be warned folks!!) 
  • 22:02 – How Jack faced his fears and got out of paralysis! 
  • 23:10 – What is Financial Anorexia?  
  • 25:27 – His FIRST financial plan  
  • 26:30 – “It was literally like taking the shackles off my wrists…”  
  • 27:27 – Why numbers are SO important (especially for passing… the sleep test?!) 
  • 31:06 – Folks, M_N_ _I_NG your plan is just as critical!  
  • 32:32 – Enter…Hannah!  
  • 34:20 – How they optimised their “Big Rocks in the Jar”!  
  • 36:00 – Buying their first investment property together!!  
  • 39:38 -How did they set new Money Norms in a relationship? 
  • 41:05 – Why couples NEED money conversations!! 
  • 45:24 – Listen to THIS for some timeless wisdom 
  • 47:16 – Let’s deep dive into their Property Plan… 
  • 50:04 – Jack sneaks this one in… 
  • 50:43 – Our top takeaways!  
  • 54:30 – It’s all about building confidence folks!  

 

 

 

 

 

397 | “I Thought Investing was for Rich People” – How Knowledge Unlocked his Financial Freedom – Chat with Anthony

By in Podcast, Summer Series, Winter Series

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“I thought investing was for RICH people, and that’s just what it was. It was something a normal person didn’t do, and now our eyes are open – the possibilities are endless really.”  

 

Growing up in a household with a tight budget and parents working double jobs to feed a family of seven, our second Winter Series guest didn’t have a lot of money conversations around the table… 

In fact, there was none. 

Born and bred in Dublin, Anthony graduated into a culture where holidays were funded by loans and you spent everything you had, every week….even when he was working 3 jobs. 😱 

And he might’ve kept going down this path if not for his significant other – Carly -who thankfully bought him his first investing book, The Barefoot Investor, at age 27.  

Over the next decade Anthony has turned it all around, transforming from super spendthrifter to seasoned property investor and renovator.  

Find out how he made the jump, the practical lessons and behavioural management skills he’s learned along the way and how he’s “paper trading” his way towards investing success. 

Such an empowering tale folks, listen now for a big dose of motivation. 👊 

 

P.S. The countdown is on! Less than ONE WEEK until our webinar where we’re sharing the #3 biggest secrets being investing success. We’ve still got some spots left so make sure you register now to save yourself one!  

 

 

Free Stuff Mentioned… 

  

Here’s some of the gold we cover… 

  • 1:01 – The Countdown is On – Next week is our webinar folks!
  • 1:55 – Meet Anthony: Growing up with both parents working double jobs…
  • 5:25 – “I spent everything I had, every week”
  • 7:20 – Being raised in 2000s Dublin: The GFC & his journey to Australia
  • 11:38 – How did he get into investing at age 27?
  • 12:52 – His road to The Property Couch and property investing!
  • 14:40 – What did Anthony choose property?
  • 15:40 – Managing debt + rising interest rates: how does he stay calm?
  • 18:28 – How a plan is helping couple in 2 very different ways
  • 19:45 – A wedding, another investment property and renovating: How are they achieving it all?
  • 22:45 – How are they building buffers into their portfolio?
  • 25:26 – Having different risk profiles: what conversations are this couple having?
  • 26:51 – What benefits does the plan bring for Carly + Anthony?
  • 31:15 – Moving from FIFO to Family focused: how has it been worked into their roadmap?
  • 33:05 – Why Anthony is “paper trading” his life…
  • 34:40 – The Thought Process behind Staying vs. Upgrading their Property
  • 38:30 – Why this couple feels like they’ve already made it!
  • 42:30 – WHY they created a plan!
  • 43:54 – Anthony has locked down this ONE point which is leading him to success…
  • 44:30 – What would life be like for him without a plan?
  • 47:23 – Our Key Takeaways!
  • 48:48 – How many properties do they need?!

 

 

 

395 | Darius Boyd: How this NRL Star Found his Financial and Mental Peace

By in Podcast, Real life stories

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While we love to have some good AFL banter on the show, this week’s episode is all about a star from another Aussie sport… 🏉

We’re jumping into the world of NRL (National Rugby League) with one of its most prominent athletes who played fullback, wing, centre and five-eighth for the Brisbane Broncos. 

Representing Australia at an international level and playing in the Queensland State of Origin…

We’re extremely chuffed to welcome Darius Boyd to the couch!  

He captained the Brisbane Broncos from 2017 to 2019 and has an illustrious 15-year career as a professional athlete having won 2 NRL Grand Finals. 

But folks…as much as we wanted to get lost in sport, this episode peels back the sheets to before Darius was a big sports star… 

Back to when “even getting $2 to catch the bus home wasn’t easy…” and he was being raised by his mum and then grandma at 15 years old. 

It’s a truly powerful tale as we follow Darius as he jumps from growing up with a tight budget to earning more money than he knew how to handle at just 18.  

We discuss the timeless wisdom he gained being coached by one of sports greatest mentors – Wayne Bennett – the drive that pushed him to become one of NRLs best players and the 5 Simple Steps to find positivity and mental peace.  

Tune in now folks, this one’s an inspiring tale!  

 

 

P.S Next week we’re kicking off our Winter Series! While our Summer series is all about transformation, our winter series will be all about planning!  

We’ve got a brilliant program in store for you with some heart-warming and inspiring tales from our listeners — we can’t wait to share them with you!   

 

P.P.S As Bryce hinted in the episode, we’ve got something else very exciting coming up. Now we don’t want to give too much away just yet, but we will say one word…W E B I N A R!!  

Interested?? Keep your eyes and ears peeled folks, we’ll be releasing the details very soon…. 😉  

 

Free Stuff Mentioned… 

 

Here’s some of the gold we cover… 

  • 2:11 – Folks, we’ve got 2 VERY exciting things in store for y’all… 
  • 3:12 – How do you know when it’s enough? 
  • 8:11 – Meet Professional NRL Star Darius Boyd!  
  • 9:42 – His Money Backstory: “Even getting $2 to catch the bus home wasn’t easy…” 
  • 13:50 – The lessons he learnt from living with Grandma  
  • 15:24 – Darius’ first lesson in wealth building  
  • 17:45 – Wisdom he picked up from ultimate sports coach Wayne Bennett 
  • 19:40 – THIS is what makes a good coach… 
  • 20:29 – The drivers that pushed him to become one of the best NRL players  
  • 21:55 – The best players weren’t always the best…
  • 23:58 – Advice he’d give to others looking back on his career
  • 27:38 – Folks, it’s okay to spend on experiences!  
  • 28:00 – Darius’ first property 
  • 28:52 – The road to becoming Renovators  
  • 31:32 – How does Darius & Kayla select their Assets and Location?  
  • 33:00 – What role does property play in his future?  
  • 34:33 – What was it like transitioning away from being a Professional Athlete??  
  • 37:28 – His 5 simple steps for positive mental health!  
  • 40:22 – Working with Top Blokes Foundation and normalising mental health discussions amongst young men  

And… 

  • 43:40 – Let’s Recap  
  • 46:24 – Need to set 100 reminders? You can with your Apple Watch!  
  • 48:35 – One of Ben’s MOST important interest rate updates  
  • 53:10 – This is actually an opportunity for…. 
  • 54:23 – Check out RBA Gov. Phillip Lowe’s 7.30 Interview here  

 

Bonusisode with Julia – Tax Planning Tips to Maximise your Returns (Part Two)

By in Free Resources

Folks we’re back to finish what we started… 

In last week’s Bonusisode we featured Part One of Tax Planning Tips to Maximise your Returns and now, we’re back to give you the rest of the gold!  

We’ll be unpacking… 

  • How to claim travel expenses related to work (especially if you’re a rental owner!)  
  • Is it possible to successfully act as your own accountant and claim travel expenses for properties? Hint: you need to prove this ONE thing to be eligible…
  • The 2 key ways to keep a travel record (Plus Ben gives a life hack which makes recording 100% easier!)   
  • How to determine if you’re eligible for Building Depreciation + when should you get a Tax Depreciation Schedule?!  
  • What’s included when claiming plant and equipment depreciation!? 

Julia also shares an extremely handy tax tip (Just see how excited it makes Ben!)  for those who’ve missed out on creating a property depreciation schedule… 

Spoiler: You may be able to go back and AMEND past tax returns to gain access to these benefits! 

And lots more! So before you get start lodging any tax returns for 2022, listen to this first folks!  

p.s. If you are looking for an experienced and qualified tax accountant, you can reach out to us here 👉 https://thepropertycouch.com.au/tax

Free Stuff Mentioned…

 

Here’s some of the gold we cover… 

  • 1:54 – The 2 ways to keep a travel record  
  • 4:40 – Which record is best for you??  
  • 5:10 – We’re setting THIS common myth straight… 
  • 6:25 – Deducting taxes from travel related to work – what is claimable?!  
  • 8:27 – Can Realtors claim travel expenses?  
  • 9:15 – Defining normal workplaces and being itinerate  
  • 12:15 – Essential rules for transporting others  
  • 13:09 – Recap! (Plus, how to make recording your logbook easier!)  
  • 14:50 – When is TOO LATE to start a logbook?  
  • 16:19 – Successful & unsuccessful examples of claiming travel expenses for Rental Properties!  
  • 19:40 – Should you get an accountant or DIY with a private ruling?  
  • 20:50 – The 3 Key Takeaways…  
  • 25:13 – Is your property eligible for Building Depreciation?  
  • 28:10 – Should you get a Tax Depreciation Schedule?! 
  • 30:20 – The who, what, when and why of SCRAPPING   
  • 32:44 – Plant and Equipment Depreciation: What’s included??  
  • 36:18 – When should you get a depreciation schedule?  
  • 39:25 – Missed out on a schedule? Listen to this for a HOT tip!  
  • 42:50 – So.much.free.stuff!!  

 

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