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507 | “I Won’t Have Enough to Live Comfortably”: The 3 Greatest Generational Fears of All Time! – Chat with Mark McCrindle

By in Podcast, Property Investment

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What should property investors focus on as we prepare for Australia’s next population growth wave?  

Class division: We rarely think about it in Australia, but could it become our reality as the gap to enter the property market continues to widen? 

To help us unpack this and more, we’re welcoming back Mark McCrindle (who last appeared on the podcast in Ep 185), the social analyst and demographer expert who coined the newest demographic: Generation Alpha!  

Mark’s passion in life is tracking social trends across Australia and communicating these groundbreaking insights and generational analyses.

As a sought-after commentator and advisor to executive boards and committees across Australia, he is also the author of five books and the founder of McCrindle, a company that provides demographic data for pretty much any field!  

Today, we have the privilege of picking his brains on:  

  • How decoding generational trends is the hidden KEY to helping individuals make informed and strategic choices with their money and finances.  
  • The three greatest fears and aspirations each generation faces. 
  • Financial Stress: It’s one of the greatest causes of mental health issues and relationship breakdowns. So, how is it spread across different demographics?  

If you want to start making more strategic financial and investing decisions, tune in now!  

 

Free Stuff Mentioned…

  • MOORR WEBINAR: From Data to Decisions 7:30pm AEST, Tuesday 20th August
    Set yourself up for investing success with Moorr, your all-in-one money management platform. Discover how to efficiently run and manage your investment portfolio from one platform and uncover Moorr’s newest features, from the life-changing Property Cashflow Projection to its advanced Rental Analysis calculator.
    Register for it today >>   
  • PICA’s 2024 Annual Investor Sentiment Survey: Final week to have your say! 
    We want to hear your thoughts and experiences as landlords on issues across Australia’s property market. This data will protect property investors and their investments against negative regulatory changes. Share your thoughts today!  
  • Set specific financial goals with Moorr, your all-in-one money management platform for all your investments.  

 

Timestamps

  • 0:00 – “I Won’t Have Enough to Live Comfortably”: The 3 Greatest Generational Fears of All Time!  
  • 1:25 – From data to decisions, final weeks to complete the PICA survey and…Ben’s all for Freo?!  
  • 5:24 – We want to hear from you! Our 2025 Summer Series is fast approaching… 
  • 6:10 – Mindset Minute: “Your life is NOT margaritas on a beach in Jamaica”  
  • 9:15 – Welcome Mark!  
  • 10:14 – How can understanding generational trends help individuals make more strategic choices about their money and finances? 
  • 11:55 – Money Story: “There wasn’t any sit-down money.”  
  • 17:00 – Why learning in life is the key for Mark 
  • 18:41 – Record population growth: How long till Australia reaches 26M?  
  • 20:16 – Why Australia needs a managed migration program  
  • 21:53 – Where is the “sweet spot” for growing the economy?  
  • 24:18 – Melbourne’s population to overtake Sydney  
  • 26:21 – The Groundwork: Defining generation’s financial characteristics since 1945 
  • 30:37 – Why the Baby Boomers aren’t the “lucky generation” they’re pegged to be  
  • 35:21 – What matters MOST to each generation?  
  • 37:37 – “They’ve seen that the pension is not going to be universal”: Why has value in financial independence skyrocketed?  
  • 38:41 – Why has the nest egg historically been significant?  
  • 40:51– As debt builds, is the Great Australian Dream dying?  
  • 46:47 – The Three Greatest Fears of All Time – by generation  
  • 50:21 – Wealth vs. Income: “They can exchange that time for money at a higher rate than we’ve ever seen.”  
  • 54:29 – Workforce changes & financial literacy: Will AI help or hinder job opportunities for younger generations?  
  • 57:21 – The tipping point & where will Australia grow to?  
  • 1:00:44 – “At entry level, policy is not working”  
  • 1:02:53 – Why Australia is truly the lucky country  

And… 

  • 1:08:30 – What a fantastic guest!  
  • 1:12:25 – From iconic social markers to music players by generation    
  • 1:14:02 – Lifehack: Got a long car ride with the kids? Try this…  
  • 1:15:00 – WMPN: 67% of people with clearly defined saving goals feel more confident about their well-being in retirement. 

 

DON’T Invest in Property Without These Four Foundational Levers…

By in Free Resources, Podcast, The Armchair Guide to Property Investing

The process of building wealth is like operating a bulldozer…

What do we mean by that?

Well, a bulldozer comes with a few levers that you’ll need to push and pull to make sure that it’s doing what it’s meant to do. Likewise, when it comes to building your property portfolio, there are “Four Foundational Levers” that you’ll need to adjust to achieve your own specific and unique end goal.

And the faster you can adjust each of these levers, the quicker you’ll get to your goal.

To put this into perspective… Let’s say you’re building a house. First, you’d start with the number of rooms you need (the floor plan), then you’d focus on the size (the measurements), then the engineering (how it’s going to be built) and, finally, what it’s going to be built from (building materials). Without these things you can’t build the house as you planned to build it, right? Not to mention, if you changed just one of these things you automatically affect the other three.

And, yes, the same applies when you’re building wealth. You need ALL four levers and if you adjust one you impact ALL the rest….

So. What are the Four Levers when it comes to building wealth? And why are these so important for a property investor?!

Listen now to find out!

Don’t forget, you can 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…

  • The Four Foundational Levers To Financial Peace and How They Work Together
  • How To Use The Four Foundational Levers To Align Your Passive Income Target With Your Current Circumstance
  • How can you PLAN your property portfolio?
  • Why won’t a “Cookie-Cutter” approach cut it?
  • How do you work out how much money you’ll need to retire?
  • When should you start earning that passive income?
  • What’s the difference between discretionary and essential spending?
  • How much do kids cost?!

 

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 Podcast – The 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…

 

Bonusisode – The Four Critical LEVERS to Financial Peace and… a Free Book! 😊

By in Podcast, Videos

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The process of building wealth is like operating an excavator truck..🤣🤯🤔

http://bit.ly/35CWlOX

What do we mean by that? An excavator comes with a few levers that you’ll need to push and pull to make sure that it’s doing what it’s meant to do. So in this Facebook LIVE, Bryce and Ben shares four levers that you’ll need to adjust to achieve your own specific and unique end goal. And the faster you can adjust each of these levers, the quicker you’ll get to your goal.

Tune in to this Facebook LIVE to learn more.

And of course… it was our Black Friday Sales folks!!! This is our first sale ever so we’re a bit excited about it AND since you’re part of our community, we’re letting you know that the offer is still up!

Here’s the link to claim your Free Copy of The Armchair Guide to Property Investing >> www.thearmchairguide.com.au

 

 

P.S. Interested to learn more about building a property portfolio? Here are our top recommendations!

168 | Q & A on What % of your Income should you Spend, Borderless Investing and Smart Money Management Tips

By in Podcast, Q&A

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It’s our favourite day of the month folks… Q & A Day!!!

And we’re covering quite a bit in a short & sweet amount of time today— including AN EXCLUSIVE ANNOUNCEMENT for our Couch listeners!!! (As it so happens, this was dropped with, “Yeah, go on, let’s tell ‘em” and a nod of the head… so an absolute scoop.)

Not only that, but also we answer 3 solid questions, thanks to the legends who leave us a SpeakPipe voicemail message (remember: we prioritise your Q if you do this too)!

But back to today’s episode — if you want to know what we think of investing in Hobart, and down in good ol’ Tassy in general (it’s been getting a bit of attention from a fair few property investors), OR you want to find out if now’s the time to invest in Perth … tune in.

But 100% TUNE IN if you’re keen to get on top of your Money SMARTS — we give you a rough rule of thumb for the amount of income you should allocate to your spending habits ie. How much you should spend on Bills, Living and Lifestyle and your Loan/s!!

 

The Q’s we’re answering are:

 

Question about investing in Perth vs Melbourne from David:

Good morning Ben, Bryce & The Stig,

I’m a keen Property Couch listener and thank you for your time generously sharing all your knowledge — it’s much appreciated. Just about myself, specifically: I’m a property investor with 3 properties — 2 in Perth, one in Brisbane. I’m a medical specialist with a good income and I’m looking to go again. I have a 900K pre-approval and looking at either Perth or Melbourne through a Buyers Agent. Clearly the Buyers Agent have biases… the Perth guy things Melbourne is a terrible place to Invest and the Melbourne guy thinks Perth is a terrible place to invest. If you had 900K, you wanted to go now and are a Buy and Hold investor that lines up with your ideas around a good quality growth asset, what would you do?
Thanks very much & come on the Dockers!

 

Question about Money Management Habits from Nerida:

What percentage of my income should be allocated to living and lifestyle account, primary account and payments account?

 

Question about investing in Tasmania from Stuart:

Hey guys, I just wanted to get your opinion on whether you’re focusing your attention on Tasmania? The reason for that question is I was just on a work trip to Tasmania last week, and there was a lot of commentary on the radio about shortage of supply in rental accommodation; even talk of people living in tents. I didn’t really get full across it … but something to do with legislation taking a long time to release land or planning approvals taking a long time, so bureaucracy essentially. I just wondered if any of this shortage of supply means your Buyers Agents were looking a little more closely at Tasmania, certainly on Hobart … I’m not sure whether somewhere like Launceston comes into that. But yeah, really interested in your take on what’s going on in Tasmania at the moment, especially people looking to make an investment entry sub- $500,000 as places like Melbourne and Syd make that harder to achieve. Interested on your opinion. Thanks very much!

 

P.S. The webinar we mention:

Webinar: Property Hotspots & How To Find Them: CLICK HERE to Watch

 

166 | How to Avoid the 7 Common and Costly Settlement Mistakes when Buying a Property – Chat with Nicole Faid

By in Case Study, Podcast

Back by popular demand! We heard from today’s guest back on Episode 107, and joining us again is none other than Nicole Faid, Principal and Founder of Accord Conveyancing, who has handed out accurate legal advice for over 25 years of industry experience! Just a heads up — we covered her awesome back story in that episode, so if you want to hear it (and it’s well worth the listen), go back and check it out!

So — Conveyancing — let’s take the mystery out of it, folks! Because a lot of people out there don’t know what happens once the documents have been handed over to a Conveyancer, especially one like Nicole!

And we jump straight into it, folks! So get pumped for the 7 common & COSTLY mistakes you really DON’T want to make…

(If this episode doesn’t cement the fact that it’s crucial to get a contract review BEFORE you sign, very little will!)

 

So, let’s hear it. What exactly are you in for?

  • In a nutshell, what does a conveyancer do?
  • What is the most important document that underpins a contract?
  • How many people don’t get the amount of land they thought they would when purchasing a property?
  • What happens if the discrepancy of this land is less than 5%?
  • What REAL LIFE EXAMPLE happened in Brunswick? (And how much did this mistake cost the buyer?!)
  • Why shouldn’t you rely on your own interpretation of “wear and tear”?
  • Are “back to back settlements” a bad idea?
  • What happens with the conveyancing rules if you’re a borderless investor?
  • What is a “caveat”?
  • If you’re purchasing through a SMSF, what title requirements do you need to be aware of?
  • What can happen in the settlement period that will seriously shock you?
  • Why is it important to distinguish between major and minor issues with the settlement process?
  • When should you conduct a Building and Pest Inspection?
  • How does the art of negotiation fit into all this?
  • What is the best risk management?
  • What do you need to keep in mind with the final inspection?
  • What is the legal requirement about having a granny flat?!

… Yep, it’s a hairy and very serious episode folks, because the mistakes we talk about in this episode can be VERY EXPENSIVE!!

 

TODAY’S TEASER:

P.S Missed yesterday’s Facebook Live?

We answered a couple of questions on your lunchbreak (in 15 minutes)!

WATCH it here.

 

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