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448 | The Interest Only vs P&I Debate – which is better?

By in Podcast, Property Investment, Q&A

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In our latest Q&A episode, we dive deep into the intricate mechanics of interest-only loans, we unveil some of the strategies for managing mortgage stress, and we also unlock the hidden gems of building financial muscle memory.  

Get ready to unlock a wealth of knowledge and practical insights as we explore the art of budgeting, saving, and setting goals. Discover the power of delayed gratification and learn how it can shape your financial future. 

In this episode, we address the burning questions that have been on your mind.  

We leave no stone unturned as we demystify these key themes: 

  • The complexities of interest-only loans, shedding light on their benefits and considerations 
  • We explore the nuances of repayment options 
  • Interest rates, and the potential long-term impact of interest-only loans on your financial journey 

We also navigate the realm of mortgage stress and unpack how to establish a realistic budget to prioritising savings!  

But wait, there’s more! Prepare to unleash the ultimate weapon: financial muscle memory. Discover how small, consistent actions can lead to significant financial gains over time. We delve into the psychology of decision-making, empowering you to seize control, make savvy choices, and skyrocket your financial well-being. 

Don’t miss out on our latest Q&A episode folks!!  Tune in now or watch the episode below

 

Here’s some of the gold we cover… 

  • 4:28 – Mindset Minute 
  • 12:35 – Question #1 
  • 15:50 – Not everyone will buy new! 
  • 16:40 – Investing in new vs living in new 
  • 19:23 – The optimal outcome 
  • 20:35 – Basics of Land to asset ratio can be aspirational  
  • 24:40 – We are not fully rusted!! 
  • 26:45 – Question #2 
  • 28:50 – Interest Only mechanics 
  • 30:00 – Will the banks allow IO loans? 
  • 30:25 – How it affects loan term 
  • 31:35 – Interest only lending the whole time 
  • 33:20 – Filling offset buckets is the key 
  • 34:50 – What happens if you refinance to another lender? 
  • 35:50 – Higher interest rate currently 
  • 37:25 – Question #3 
  • 39:40 – Building muscle memory  
  • 41:35 – More surplus to make decisions 
  • 42:30 – Upside gains 
  • 43:00 – Informed decisions  
  • 43:30 – Mortgage stress – Refer to previous episode around Ep 444 – How to tackle mortgage stress 
  • 43:45 – Question #4 
  • 47:00 – Teaching them to fish 
  • 47:50 – The value of money 
  • 50:40 – Budgeting and saving 
  • 51:25 – Try and make it fun 
  • 56:50 – Financial Literacy 
  • 59:00 – Love is spelt T.I.M.E  
  • AND….. 
  • 59:20 – Life Hack (from Ben 😊) 
  • 1:02:20 – What’s Making Property News

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. 

 

447 | Facing Setbacks: How to Navigate the Unknown

By in Podcast, Property Investment

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In this week’s episode, we dive deep into real-life case studies, unravelling the journey of overcoming setbacks, unlocking untapped potential, and navigating uncharted horizons. 

Prepare yourself to be equipped with invaluable insights and tools that will empower you to conquer challenges, turn setbacks into stepping-stones, and forge your path to resounding success.  

Join us as we unpack the following key themes: 

💡 Discover the impact of embracing diverse perspectives and how it can unlock innovative solutions and open doors to opportunities 

💡 Explore cashflow strategies beyond your risk profile  

💡 Dissecting dream home disasters as we deconstruct real-life dream home disasters, extracting invaluable lessons that can guide you through similar challenges 

💡 Weighing up the options: Immediate selling or long-term gain. Deciding whether to sell your property immediately or pursue long-term gain can be a daunting task. We provide you with insights into the critical factors to consider, helping you navigate this complex decision 

Don’t miss out! Tune in now or watch the episode below 🙂 

And remember folks, setbacks are stepping-stones and challenges are opportunities in disguise!! 

 

 

Here’s some of the gold we cover… 

  • 00:00 – Thanks for your feedback folks!! 
  • 11:07 – Mindset Minute 
  • 18:30 – Identifying lessons from Case Studies  
  • 19:00 – Case Study #1 
  • 19:22 – Stick to the Plan or Make Adjustments? 
  • 19:40 – What are your motivators? 
  • 23:50 – Lift your eyes, do the models 
  • 25:45 – Cashflow outside your risk profile? 
  • 26:30 – What are you willing to take on? 
  • 31:10 – Will this matter in a decade? 
  • 33:55 – The importance of that 3rd voice… 
  • 35:55 – Flying to the moon!! 
  • 37:22 – OR??? Hold off 
  • 39:35 – These are the kind of stories from ACA.. 
  • 40:20 – Peace!!! 
  • 42:00 – No radical behaviour  
  • 42:30 – Case Study #2 
  • 42:35 – Property Purchase Created a Significant Change 
  • 45:10 – Flexibility, Time & Choices  
  • 45:30 – Dream home disaster 
  • 47:40 – Scratching the itch 
  • 49:20 – Sell immediately or??? 
  • 53:00 – Potential and opportunity  
  • 53:22 – Hiding in plain sight! 
  • 53:40 – What’s the sequencing process? 
  • 58:00 – You don’t get that on a spreadsheet 
  • 58:35 – Dealing with a devastated mindset 
  • AND….. 
  • 1:02:05 – Life Hack 
  • 1:03:50 – Plan to become what you plan to become 
  • 1:05:50 – We want you to think in DECADES 
  • 1:06:11 – What’s making property news 

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. 

 

445 | How to take on the Big Banks and Win

By in Podcast, Property Investment

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Get ready for an absolute powerhouse of an episode, folks! We had the immense pleasure of sitting down with Joseph Healy and David Hornery, known as The Judo Boys, and let us assure you, it is an extraordinary deep dive into knowledge and wisdom that will leave you inspired and empowered! 🎙️💡 

Despite the challenges, Joseph and David boldly established Judo Bank in 2016, revolutionising the Australian banking industry. Their extensive experience in the business world, coupled with their remarkable journey with Judo, inspired them to pen the book “Black Belt.” This insightful book delves into the invaluable lessons learned throughout their entrepreneurial endeavours and years in business before embarking on their startup venture. 

Join us as we unpack their journey to financial independence. From navigating the depths of unfulfillment to finding their true purpose, fearlessly embracing calculated risks for rewarding outcomes, and mastering the art of navigating through the ever-changing cycles with discipline and resilience. Joseph and David share invaluable insights on putting your money down strategically, the importance of seeking innovation, and the profound impact of understanding the people story. 

Here’s a glimpse of the priceless wisdom we uncovered: 

✨ Discovering the true beauty of building for a better future amidst dramatic changes  

💡 Unveiling the invaluable wisdom behind the migrant mindset  

🏦 Are the banks too addicted to property?  

⚡️ Exploring the Achilles heel and the quiet pride that accompanies taking a leap of faith 

Don’t miss out! Tune in now or watch the episode below 🙂 

Other Stuff Mentioned… 

    • Don’t miss our Start and Build Promotion. Our 40% off Discounted Offer ends Monday 5th June. Sign up here 
    • Want to read The Black Belt for yourself? Buy it here

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

Here’s some of the gold we cover… 

  • 0:00 – Big episode today folks! 
  • 3:20 – Don’t miss our Start and Build Promotion. Ends Monday!!  
  • 10:30 – Mindset Minute  
  • 17:15 – Welcome Joseph Healy and David Hornery to the couch!! We are so excited about this chat 
  • 31:00 – Financial independence  
  • 32:40 – The freedom that comes with money 
  • 33:50 – Between the ambulance and the heart attack 
  • 36:00 – Wanting to live a life of purpose 
  • 36:40 – The emptiness from unfulfillment 
  • 36:55 – Building something with a clear sense of 
  • 37:40 – There will be many dark days 
  • 38:30 – Where was the muscle memory? 
  • 39:30 – Skin and muscle… 
  • 41:05 – You end up being much greater 
  • 41:50 – Intelligent, well thought through risk 
  • 42:15 – Looking behind the veil 
  • 43:50 – The dramatic changes! 
  • 44:20 – The annual pilgrimage  
  • 45:50 – Little choice provides no threat 
  • 47:00 – No innovation or incentives 
  • 49:17 – How do they make more money? 
  • 49:52 – What’s the gap they went after? 
  • 50:40 – What? $16B? 
  • 52:30 – Authority to make decisions! 
  • 57:50 – The customer proposition 
  • 59:00 – The most important…. the people story!! 
  • 1:01:45 – What a classic…. Zero to One 
  • 1:02:25 – What is the migrant mindset?? 
  • 1:03:45 – Looking for the characteristics  
  • 1:05:55 – The beauty of building something for a better future 
  • 1:09:00 – The extraordinary depth of wisdom! 
  • 1:09:25 – Are the banks too addicted to property? 
  • 1:09:45 – The Achilles heal! 
  • 1:15:20 – Being disciplined with expenditure  
  • 1:17:50 – Taking the leap of faith 
  • 1:19:00 – Out of cycle interest increase??? 
  • 1:23:50 – Quiet pride.. 
  • AND… 
  • 1:31:35 – Life Hack 
  • 1:33:55 – What’s Making Property News?? 

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. 

 

443 | How to Break Free from the Spending Trap

By in Podcast, Property Investment

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Join us in our latest episode of MythBusters as we debunk the widespread misconceptions surrounding taxes and financial planning. Prepare to be enlightened as we unravel the complexities of last-minute tax preparation and unveil the secrets of meticulous documentation.  

Brace yourself for the rollercoaster ride through the ever-changing landscape of tax laws and their impact on depreciation claims.  

We also delve into the realm of financial planning, shattering the myth that a defence strategy is merely optional and challenging the notion that it’s exclusively for the middle-aged. Get ready for a treasure trove of knowledge, including the hidden gems of starting early, skill-building, and networking for long-term financial triumph.  

Discover the multifaceted role of financial planners, far beyond their reputation for recommending shares. And in a world filled with uncertainty, we shed light on the art of informed decision-making. 

We promise you that this dry topic will be full of life and give you much-needed insights into a topic that very few of us ever think about AND might just be the key to optimising your portfolio! 

Don’t miss out! Tune in now or watch the episode below 🙂 

Other Stuff Mentioned… 

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

 

Here’s some of the gold we cover… 

  • 00:00 – The next instalment of our MythBusters series   
  • 12:00 – Mindset Minute……   
  • 16:44 – Entrapped by spending?? 
  • 20:00 – Stuck in the 70’s??? 
  • 22:30 – Passing on wisdom instead of?? 
  • 24:00 – Tax Myths.. 
  • 24:25 – #1….. Do all accountants know how to maximise your…..  
  • 29:15 – Why is forward planning so important? 
  • 33:00 – What I want vs what I get….. 
  • 34:00 – Back in my day it was….. 
  • 35:10 – #2 – Devoting a weekend to do what??? 
  • 35:35 – Don’t leave the gathering too late… 
  • 36:10 – Last-minute scrambling could mean?? 
  • 41:30 – #3 – Are you sure you know what you can claim on depreciation? 
  • 42:10 – The cost may be more than the return but……. 
  • 44:40 – So…… what makes a great accountant?? 
  • 45:30 – Listen up!!!! What’s the data match? 
  • 47:00 – Financial Planning Myths… 
  • 47:50 – #1 – Defence Strategy is discretionary rather than a??? 
  • 48:10 – Protecting your biggest asset… 
  • 51:20 – Change the paradigm from expense to??  
  • 53:20 – #2 – Financial planning advice is only for who????  
  • 53:40 – The value of using a Financial Planner? 
  • 54:00 – The benefits of starting early?? 
  • 1:01:10 – Goal setting, education and… ??? 
  • 1:03:20 – #3 – Financial Planners recommend you buy…. ?? 
  • 1:03:45 – What is the history? 
  • 1:06:50 – Is now the time to be in the property market? 
  • And….. 
  • 1:13:50 – Life Hack…. Now is a VERY GOOD TIME TO BE??? 
  • 1:17:40 – What’s Making Property News

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. 

 

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