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329 | From Sports Star To Successful Investor – Chat with Tom Symonds

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Here to help to hit your passive income goals and explain exactly how this sports star became a successful investor is NRL champion (and TPC Listener!), Tom Symonds!

Yep. Tom Symonds is a 10-year professional footy player (Roosters, anyone!?!) and, although retired from the game, Tom’s currently the Players Operations Manager with Rugby League Players Association. From 2009-2012, Tom played for the Sydney Roosters; from 2013-2016 for Manly Sea Eagles and from 2016-2018 for Huddersfield Giants!!

In other words – Tom is a Pro Athlete turned Pro Investor!!!

… And he has TWO Big Tips he wants to share with you that’ll seriously move the dial on how you create a passive income for life!!

This episode is an absolute “MUST” if you’re in the sporting world… BUT it’s not just for our sporting folks…

… Tom has some great insights into goal-setting (yep!), how to take your ego our of property investing AND – the delayed gratification piece – how to navigate the temptation of “Spend it all now” versus “Save some for later”!!

Plus, there’s something about “The Wage Myth” and professional athletes that might need clearing up too…

Tune in now to hear how this Sports Star became a SUCCESSFUL Investor (and the ups and downs along the way!)…

 

 

Free Stuff Mentioned… 

 

And of course, if you own an investment property in VIC, don’t forget to…

 

Here’s some of the stuff we cover… 

  • 03:32 – 130 New Victoria Tenancy Law Update!
  • 05:50 – Why you should talk about your own mistakes first…
  • 08:38 – How do you get your kids to listen to you!?!
  • 10:34 – The FOMO.
  • 11:01 – Meet Tom Symonds
  • 12:16 – The money backstory…
  • 13:30 – Money messages from parents!
  • 14:32 – Where did his love for property come from?
  • 16:57 – Can you fast track delayed gratification?
  • 17:54 – Trial and Error with property!
  • 19:16 – When you’re priced out of capital cities…
  • 20:39 – The Buyer Decision Quadrantv – what are people compromising on?
  • 23:11 – What was he earning when he first started?
  • 23:24 – What are the incomes of NRL players and The Wage Myth…
  • 24:54 – The property story!
  • 26:45 – The property “presentations” in sports clubs…
  • 29:10 – How did he course-correct property mistakes?
  • 32:46 – Remember this if you are seeking professional advice…
  • 35:30 – Tom’s TOP TWO TIPS!
  • 39:28 – Little-know insights about Exiting the game
  • 40:39 – What would Tom do differently in his property journey?
  • 41:52 – The importance of influencers and mentors in your life…
  • 43:02 – What do the next 5 – 10 years look like for Tom?
  • 44:28 – Goal-setting hacks!!
  • 46:30 – How important is PLANNING in your property investment process?
  • 50:41 – The Three Key Takeaways from the episode!
  • 51:50 – Did you know this about travel pillows!?!
  • 52:58 – What’s Making Property News?
  • 53:26 – How is the current property market in comparison to the peak of 2017?
  • 55:13 – What does the RBA think about the rise in property prices?
  • 56:38 – How long with this market cycle last?
  • 57:27 – CoreLogic’s Home Value Index Results!

 

 

 

328 | The #1 Checklist For Landlord Insurance – Chat with Greg Rowe

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This episode covers everything a landlord needs to know to PROTECT their investment property!

Sure, “Landlord Protection Insurance” probably doesn’t sound like the most exciting topic in the world… but we can assure you it is a VITAL part of a property investor’s Defence Strategy.

Here’s the deal… Building Insurance is NOT enough if you are NOT going to be the one living in your property… you need to make certain you have Third Party Cover and the necessary protection policies in place that are specific to a landlord’s best interests and needs.

So, here to explain The #1 Checklist For Landlord Insurance is an expert in the field – joining us today is Greg Rowe, CEO of Property Insurance Plus (PIP). Greg has extensive knowledge in ALL things Landlord Protection Insurance – like what to do to cover yourself from Loss of Rent, and loss or damage by tenants to your building and contents… on top of the “regular” cover to safeguard yourself from unforeseen events that could occur to your property.

So, what CAN and CAN’T landlords claim if something goes wrong?

What coverage MUST you have in place from the very beginning?

What is the minimum amount of coverage you should be looking at?

Tune in now to find out, folks!

P.S. To recap all of the gold that’s mentioned in today’s episode, here is PDF Report of Greg’s Top 10 Tips For Landlord Insurance – you’ll also get a deeper dive into what some of the legal terms and claims mean… so every landlord can be adequately protected!

 

Free Stuff Mentioned…

Free resources: 10 Tips for Landlord Insurance

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Don’t forget… the affordability chart from Ben’s “What’s Making Property News” segment!

 

Here’s What We Cover…

  • 04:01 – How to criticise and not be hated for it!
  • 07:05 – Meet Greg Rowe!
  • 07:37 – How did Greg get into Landlord Insurance, anyway?
  • 09:22 – What is Landlord Insurance and what does it cover!?!
  • 10:01 – What is Building Insurance?
  • 10:24 – What will a GOOD Landlord Protection Insurance over you for?
  • 10:57 – How many investors get Landlord Insurance?
  • 11:55 – What is Public Liability and how much should you be covered for?
  • 13:51 – How much should you be covered for Rental Default?
  • 15:13 – Do insurers let you choose your policies?
  • 16:11 – The Difference between “Rent Default” and “Loss of Rent”
  • 16:39 – Bryce’s experience with his recent claim for a burst water pipe…
  • 17:30 – The subtle (but significant!) difference between a burst pipe and the resulting damage from a bust pipe
  • 18:21 – Why you need your OWN Landlord Insurance even if you’re a part of a Body Corporate!
  • 20:00 – How do different insurers treat floating timber floors?
  • 20:58 – Understanding policy wording… (get the “jargon explained” here >>)
  • 21:10 – What are the different ways insurers treat Bonds?
  • 22:19 – How much should you be covered for contents!?!
  • 23:27 – Does cabinetry fall under “Building” or contents?
  • 22:43 – GREAT Rule of Thumb to work out Building Items vs Contents Items!
  • 23:59 – How did insurance policies change during Coronavirus?
  • 26:07 – The Armageddon Panic that stripped Rental Default off the table…
  • 27:01 – What was the spike in claims during the pandemic?
  • 27:54 – How do underwriters work and what are the layers involved behind insurance companies?
  • 29:07 – What does “Embargo” mean?
  • 31:17 – How many landlord insurers are there?
  • 33:14 – The biggest complaint that came through to PICA during the height of the pandemic…
  • 34:15 – What was the reason behind “Lower Protection but Higher Premiums”…
  • 36:55 – The biggest change in the insurance industry since COVID-19!
  • 39:38 – What is the cover for legal costs to evict tenants?
  • 40:26 – How great property managers come in…
  • 42:05 – Are the certain limitations and premiums for specific postcodes?
  • 42:41 – What is THE MOST COMMON Claim?
  • 43:00 – What is THE MOST COMMON “Oh, no, we thought we would be covered for that!” claim that is NOT covered?
  • 44:42 – How often should you replace the flexi house attached to the toilet?
  • 45:58 – Differences in cover for periodic lease agreement (month-to-month) vs fixed term lease agreement
  • 48:00 – What is the quickest way to find out what you are covered for?
  • 49:00 – Levels of cover for Damage Caused by PETS…
  • 50:07 – How much does Property Insurance Plus (PIP) cover for pets?
  • 52:45 – Coverage for Death of a Tenant…
  • 53:47 – Coverage for SQUATTERS…
  • 55:19 – What are the Tenant Hardship clauses…
  • 56:40 – The Difference between “Flood Damage” and “Storm Damage”
  • 57:16 – When should you get Flood cover?
  • 59:46 – Rookie Mistakes for Beginners…

And..

 

 

324 | Property Market Outlook 2021 – Chat With Cameron Kusher, Executive Manager of Economic Research at REA Group

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The pendulum has swung and Australia’s property market is expected to be very, very different in 2021!

On the back of what we can only describe as “a year we’ll never forget”, property is about to bounce ahead in a direction very few could have predicted during the height of the pandemic panic.

In this episode, you’re about to hear an expert forecast that reveals key market insights into the Property Market Outlook for 2021 (including suburbs set to soar this year and potential challenges up ahead!).

Joining us is Cameron Kusher, Executive Manager – Economic Research at REA Group. Cameron has over 15 years’ experience working as a property market analyst (both residential and commercial). His experience spans valuations, property development, development consulting, commercial property research as well as residential property research. Through his work, Cameron has gained a thorough understanding of property market fundamentals across demographics, trends and economics, making him a widely sought-after commentator and presenter on property market conditions and emerging trends.

Oh, and prior to joining REA Group, Cameron spent more than 11 years at CoreLogic where he was the Head of Research for Australia.

… If you want a realistic look into how property will perform this year and where you can expect to see price growth and high demand, then this episode is for you.

 

Just a Sample of What We Cover:

  • Economic Forecast – For Australia and International
  • Property Demand – Will There Be Unprecedented Demand This Year & What Areas Will Be Most Popular?
  • Property Supply – Will There Be A “Building Boom” This Year & How Will Supply Contribute To Property Prices In 2021?
  • Sales – How Do Current Property Sales Compare From This Time Last Year?!
  • Lending – Why People So Attracted To Debt Right Now… And Will This Will Lead To Increased Regulation? (… Plus, When Will Interest Rates Go Back Up!?!)
  • Property Prices – What Will Contribute To Price Growth & What Will We See Over The Next 60 – 90 Days?
  • Property Segments – A Breakdown of Property Markets Within The Country (Incl. Strange News On Regional Properties)
  • Buyer Behaviour – Is FOMO Coming?
  • Suburbs To Watch – Specific Suburbs Expected To Soar in 2021!
  • The Recession’s Hangover – How Long Will We Live With The Repercussions of The Recession? (And What Will We See Continue In The Rental Market?)
  • Top Tips For Property Buyers and Investors – Especially In The 2021 Property Market!

 

Resources Mentioned

 

 

323 | Rising From A Decade Of Addiction: The Phenomenal Property Investment Story You Have To Hear To Believe – Chat with Sam

By in Podcast, Real life stories, Summer Series

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There are stories you hear about that stay with you for the longest time. Stories of triumph, stories of heartbreak, stories of beating the odds. Personal stories so authentic and transparent that, no matter what, hit your core and you can’t forget.

This episode is THAT story. And today’s remarkable guest is Sam, a Couch Listener who is as inspiring and impactful as they come!

Seriously. This is one of the BIGGEST transformations – both the biggest financial AND life transformations – we’ve heard on the podcast, and indeed will go down as one of our favourites… ever.

Meet Sam .

Over four years ago, life was very different for Sam. For almost a decade she struggled with mental health and substance abuse… to the point where she was caught in a revolving door of psychiatric hospitalisation.

Since high school she has battled with mental health challenges, which continued for 9 years, while her struggles with illicit substances lasted for about 7 years…

Obviously, and quite understandably, you can imagine that financial matters weren’t exactly a priority. Let alone the thought of investing in property!

Fast forward to today, and Sam’s life is “we have no words” different. A PHENOMENAL turnaround you just have to hear to believe, folks!

Oh, and just FYI… Sam is a young single woman on a modest income who has never known ANY other property investors… yep, that’s ON TOP of her incredible backstory.

Just listen to it. You’ll be blown away.

We know we were.

 

P.S. This is the LAST EPISODE in our 2020 Summer Series… and while we’ve absolutely loved each and every one of our guests, we reckon we might’ve saved the best ‘til last.

For us, this has been the most impactful interview of all time!

 

Free Stuff Mentioned…

 

Here’s some of the stuff we talk about…

  • 02:52 — Meet Sam…
  • 03:09 — What was money like growing up?
  • 05:10 — The poem…
  • 06:04 — The incredible backstory
  • 08:11 — What triggered such massive change?
  • 11:00 — Warning signs…
  • 11:45 — Sam’s advice for people who might be going through mental health issues…
  • 12:39 — How can you best help someone who is struggling?
  • 14:29 — How many mental health professionals has Sam likely worked with?
  • 16:59 — The pivot!
  • 17:41 — Wow — the foresight to do this was incredible!
  • 19:10 — The first property…
  • 21:05 — How did she rebuild her habits?
  • 21:40 — Her savings tips!
  • 22:32 — The biggest thing she’s learnt about money management
  • 23:24 — How many bank accounts did she have open?
  • 24:15 — Her money management system (and the infamous Word doc!)
  • 26:39 — How did the podcast come across her radar?
  • 27:53 — The first episode she listened to!
  • 30:45 — When you’re sceptical about professional advice…
  • 33:48 — What made her take advice?
  • 36:20 — How does it feel to have a Property Plan in place?
  • 37:44 — When’s her first investment property scheduled for?!
  • 39:33 — What if you don’t know anyone else who in invests in property?
    40:29 — What does Financial Peace look like for Sam?
  • 44:33 — Some wisdom from Sam to you…
  • 45:00 — The power of self-belief!
  • 46:23 — Mindset vs Mechanics – Which is more important?

 

Note: There are more real-life investor stories like this in our Summer Series! Make sure you check them all out here.

Keen to Get Started with Money SMARTS like Sam?

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322 | When Wild Money Management Finally Gets Tamed! – Chat with Kellie

By in Podcast, Real life stories, Summer Series

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Three Words… Wild. Money. Management.

Three more words… But. not. anymore!!!

 

Our Summer Series continues and today we are interviewing listener Kellie…

We’ve gotta hand it to her… not only did Kellie USED TO have some seriously wild money management going on…

Eg… Did someone say SEVENTEEN BANK ACCOUNTS OPEN!!??!!

… Kellie is an absolute free spirit in her own right, and her energy & enthusiasm is ABSOLUTELY CONTAGIOUS!!

Seriously. You’ll wish the podcast wasn’t audio just so you could be in the same room as her to get a dose of that amazing energy!! Don’t worry though, it’ll totally come through your headphones and we promise you this…you’ll be smiling from ear to ear!

To give you an idea… she had us laughing our heads off…so whoever said money management and financial transformation wasn’t fun, clearly had NOT heard this episode!

Strap yourself in folks, ‘cos you’re about to meet Kellie…

… and she’s going to deliver the hard and fast facts of her life that’ll have you giggling…

… if only ‘cos she says aloud what a lot of us are secretly thinking about our money habits…

You’ll enjoy this one.. we know we certainly did!

Tune in now to hear just how wild Kellie’s money management used to be… and what she did to tame it 😉

 

Free Stuff Mentioned…

 

What We Talk About…

  • 01:44 – Meet Kellie!
  • 02:01 – What was money like when Kellie grew up?
  • 02:58 – What a pair of runners taught her about money!
  • 04:29 – Was money spoken about at home?
  • 05:54 – “Mum’s Tip” to get kids out of home and into their own!
  • 06:41 – How to furnish an entire house for less than $200!
  • 07:43 – The Potato Farmer who changed everything!
  • 09:10 – What did she first do with her money?
  • 09:38 – Managing money while living a Gypsy Life…!
  • 10:24 – Living pay check to pay check
  • 10:54 – The secret to getting everything you want in life!
  • 12:55 – The bank account story (there was “at least” seventeen!)
  • 13:25 – What did Money SMARTS drastically change?
  • 15:08 – Whoops! The credit card…
  • 16:23 – How did she pay off the debt?
  • 18:48 – Tip for your kid’s bank accounts!
  • 20:58 – What was the catalyst for change?
  • 21:59 – Flipping their investment property…
  • 22:22 – Getting a Plan done… (And a QPIA’s reaction to flipping property!)
  • 24:39 – What did she think of Make Money Simple Again?
  • 25:25 – When seventeen accounts becomes ONE…
  • 27:34 – How long did it take to work out the “right” 7-day float?
  • 29:00 – How much time has she saved since using Money SMARTS?
  • 30:41 – How an investment-savvy mortgage broker helped!
  • 31:03 – Why is Kellie wanting to FLIP property?
  • 31:49 – The difference between advice and lending a hand…
  • 33:09 – A VERY IMPORTANT reminder about flipping property…
  • 33:50 – Horror flip stories ☹
  • 36:03 –  What’s the best way to empower people on their own money journey?
  • 38:13 – How to use Money SMARTS without a Credit Card
  • 40:44 – Why don’t they do the monthly check up?
  • 41:09 – How does she work out her irregular spend then?s
  • 42:07 – What’s life like when you have Financial Peace?
  • 43:20 – Monopoly in Real Life: How Kellie is now teaching her kids about money
  • 44:40 – Wild money management & 30-Page Statements!

 

Note: There are more real-life investor stories like this in our Summer Series! Make sure you check them all out here.

Keen to Get Started with Money SMARTS like Kellie?

Fill in the form below and create your account on our Money SMARTS Platform now!

Already have an account? Log in here.

 

 

 

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