X

523 | From $405K to $830K in 6 Months: How Moorr Allowed This Family To Get Onto the Property Ladder

 

Welcome to our first 2024/25 Summer Series episode, folks!! ☀️🏖️ 🏄‍♀️ 👡 🧢  

We’re so excited to share all the sizzling, eye-opening and heart-warming stories we’ve got lined up and to kick things off, we’ve got Naomi! 

She is the definition of what happens when you combine auction lessons learnt from eBay with the desire to put your family first 👨‍👩‍👧‍👦❤️ 

Her story truly proves that “It doesn’t matter where you start; it’s where you finish.”   

As you’ll hear, her life demonstrates what happens when you consciously decide to fill “the missing tools” in your tool bag. From growing up in a broken home and living hand to mouth with her husband for SEVEN YEARS (you read that right!!) 💰️ 

Tune in to hear how she learnt healthy money behaviours and invested in educating herself to self-fund her retirement. Plus, the power she experienced from discovering MoneySMARTS aka. the money management system that ACTUALLY works for trapping surplus. 

(Spoiler: It was, in fact, what helped her to make the leap on to the property ladder – and how you can do the same!!)  

It’s a fantastic transformation story that impacts not only Naomi, but the generation that came before and after her.  

🎙️🔥 It’s a ripper, folks. Listen now! 


Free Stuff  

Timestamps  

  • 0:00 – “That’s All I Believed I Deserved”: From 19 Rentals to Self-Funding her Forever Home – Chat with Naomi 
  • 1:20 – Welcome to Summer Series & Bryce is donating his birthday to charity!
  • 4:28 – Welcome Naomi!  
  • 5:40 – Money Story: Growing up in the era of delayed gratification  
  • 11:29 – Divorces and supporting the family from young  
  • 12:58 – How she survived in Sydney as an 18-year-old  
  • 16:08 – “Sometimes you must fill your tool bag with what you don’t have.” 
  • 19:11 – The Time Crunch: Finishing degrees and pregnant with baby #1  
  • 23:11 – How she lived rent-free in…a lighthouse?!  
  • 24:38 – Buying their home right after the GFC  
  • 27:47 – Why did they decide to invest in property?  
  • 29:57 – How lessons learnt on Ebay helped them buy their investment property!  
  • 30:51 – Sub-dividing land and living with the mother-in-law  
  • 38:13 – The drivers that pushed Naomi to live a different life  
  • 42:42 – Is this the person you want to be? 
  • 45:05 – 17 years old, $20G in savings and owning a car?!  
  • 47:00 – The $30G lesson  
  • 49:59 – How they afforded a home 250 metres from the beach!  
  • 53:18 – The North Star: Family first, first trips overseas, and “mini-retirements”   
  • 57:19 – Sucking the marrow out of life!  

And…

  • 1:03:07 – It doesn’t matter where you start, it’s where you finish. Thank you Naomi!  
  • 1:06:20 – A little 2025 placeholder: January Webinar featuring a VERY special guest… 

 

TPC Gold | How to Beat Insecurity: 4 Tips from Life Coach Jaemin Frazer

In today’s bonus episode, Bryce sits down with life coach, author, and founder of The Insecurity Project, Jaemin Frazer, to explore some game-changing practices for overcoming insecurity and living your most authentic life.  

Dive deep into topics like: 

  • Stepping into the light and confronting your reality. 
  • Taking 100% responsibility for the stories you tell yourself. 
  • Stacking the pain to fuel meaningful change. 
  • Creating a compelling vision to inspire action and prevent setbacks. 

Jaemin also unpacks the magic of midlife as the perfect time for change and reveals the dangers of unfulfilled dreams and ambitions. 🕰️ 

If insecurity has ever held you back or if you feel stuck, this episode will give you the tools to rewrite your story and unlock your true potential!  

For the full episode, tune in here: Episode 300 | The Unfair Advantage: Master This New Framework To Get The Passive Income You Want – Chat with Jaemin Frazer 

__________________

Inspired by Jaemin Frazer’s Insights & Ready to Start Living Your Best Life?

When it comes to finances and money management, it’s easy to bury your head in the sand—but consider this your wake-up call. 🚨 

Even if you’ve got your finances under control, our free e-book, Make Money Simple Again, offers fresh insights and frameworks to keep you ahead of the game. 

Or explore our money management app, Moorr—designed to help you fine-tune your strategy and create the lifestyle you want, on your terms. 

If You Enjoyed TPC Gold | How to Beat Insecurity: 4 Tips from Life Coach Jaemin Frazer, You Might Also Like:


Transcript

Bryce Holdaway
Hey, your latest book is Unhindered and you talk about the seven practices. Can we just, can we summarise what those seven practices are?  

Jaemin Frazer
Yeah, so practice one is to step into the light, which is a big part of this conversation. A lot of people are afraid of the light, for what the light will reveal. So they run and they hide and they avoid. However, if you’re going to begin any change process, you’ve got to see clearly what it is that you’re dealing with. So the only people who ever solved insecurity were the ones that were willing to stop running and do an honest assessment of their current reality and to do an accurate diagnosis of what the problem really is.  

Typically people try and solve the problems where they see the pain. So they see the pain with their job or their finances or their house and so they think it’s a money problem or a relationship problem or a work problem. They try and solve it on that level but when you turn the light on and say no, no, it’s a problem with your own opinion of yourself as we’ve talked about, then you’re into the process. You can’t change it if you can’t see it. So to see is the first practice. So that’s practice one to step into the light.  

So practice two, then the logical question people ask when they go, oh cool. So it’s an insecurity problem. Look at that. I thought it was a relationship problem. I thought it was a money problem. I thought it was a work problem. Look at that. It’s an insecurity problem. It’s very vulnerable, but I kind of get it. It’s true. The next logical question people ask is, well, why would I have that problem? Why would I have these opinions about myself? And typically they go back to the things that were said and done to them or not said and not done, the moments of pain and discouragement and disappointment and failure throughout their childhood or growing up. And they go, that makes sense. Yeah, I’m insecure because my parents were divorced or, you know, I got bullied at school or this girl rejected me, or my first business failed. That’s why.  

But that’s not why. That’s got nothing to do with why you’re insecure. We’re sense-making creatures, we’re storytellers. We go into the world and we tell stories about our experience. We have to make sense of it. And we make sense of it with two questions. Why did this happen? Question one. Question two: What does it mean about me? So we’re asking and answering those questions in moments of pain as children, and answering questions as children do with a limited amount of data and maturity. So the pattern is children answer those questions negatively.  

So in moments of pain, why did this happen? I must have attracted it, deserved it, brought it on. If I was better, this wouldn’t have happened. What does it mean about me? There’s something bad, something deficient, there’s something inadequate. So therefore, insecurity is created by us. We’re the one with the pen and paper. We’re not the actor in the story, we’re the storyteller. So practice two then is to take 100% responsibility. And not just to take 100% responsibility, but to realize you already are 100% responsible. You created this, it was you, you’re the one writing stories.  

So great, stop looking for other people to come fix this for you. Because lots of people do that. They think I’m insecure because my dad didn’t love me. Therefore I need someone else to love me better than my dad to fix this. No, no, you’re not insecure because your dad didn’t love you. When you perceived your dad didn’t love you, you decided the reason that was true was because you weren’t worthy of his love. Your opinion. So that’s responsibility. You’re the one who can change this. All change comes from responsibility, even though blame and excuses are natural and easy.  

Bryce Holdaway
Sounds easy, those two, right? Like sure, you know, step into the light, take responsibility. How hard can this be? I mean, to downplay that is to just downplay humanity, really. That is number two, it’s huge.  

Jaemin Frazer
They are huge, but people complaining that it’s hard. I’m like, it is hard. Great. What did you expect? And by the way, tell me your current existence isn’t hard. Tell me living as an adult who has outsourced their significance to the world. Tell me that’s not hard. Tell me that’s all beer and skittles. Of course that’s hard. Both roads are hard. That’s a given. You may as well choose the hard road that’s going to lead to life, rather than the hard road that’s going to keep you stuck.  

Bryce Holdaway
Yeah. 

Jaemin Frazer
You’re right. They’re hard. Practice three then is to stack the pain. So the only people who’ve ever solved this problem have been the people who’ve done so from a place of great pain. Which doesn’t sound fun, more hard stuff. But this is the gift pain offers. Pain’s intention is to move us from safety, from danger to safety. So you put your hand on the fire, it’s supposed to hurt. That’s pain saying, make some change with the position of your hand so you don’t destroy it. That’s very useful.  

So you know, feeling shit about yourself is supposed to feel shit. That’s the point. And that pain is designed to say, hey, listen, what if we did some work on your opinion so that you didn’t feel like this anymore? That’s a loving message to listen to. So most people are avoiding pain, masking pain, medicating pain, and therefore missing a massive opportunity for self-motivation for change. So stacking the pain means to stop and do an accurate cost assessment and go: How is this opinion of myself that’s gone unchecked for 20, 30, 40 years, how is this ruining my life? How is being a child in an adult’s world costing me in my job, my relationships, my career? Oh my goodness, it’s costing me everything. This is a disaster.   

So just because something’s killing you doesn’t mean you have to pay attention to that, which we see with smoking cigarettes as a great example. You kind of think it would be impossible to smoke cigarettes in today’s world because we know so much about it. But plenty do and they do so just by ignoring the costs. Easy. So you can ignore the cost of insecurity till you die. However, if you want to change it, then start by paying attention to the costs and it dramatically increases the pain just to go, this is a train wreck. And therefore you create this threshold moment where you kind of go, yeah, there’s pain in change, but there’s far more pain in staying the same.  

Bryce Holdaway
Yeah. 

Jaemin Frazer
Then you’ve got every cell inside you actively leading you to go whatever it takes, whatever the cost, whatever is involved, I’m gonna do this change work now before it gets any worse.  

Bryce Holdaway
You’ve got a window of time when you think there’s a sweet spot, isn’t it, from where people have got enough experience. It’s available to anyone, but you’ve got a sweet spot that you talk about.  

Jaemin Frazer
I think, yeah, I think the midlife 35 to 45 change window really is, and part of the reason why it’s so conducive to change is because the pain levels are right. I’m not sure that young people have enough pain to desire lasting personal change and perhaps elderly people have too much pain or pain that they’ve suppressed too deeply. But midlife, there’s a bunch of pain, but it’s kind of mixed with hope that you realize it’s not too late. I could make some significant change here and set myself up for an incredible back end. So it’s a beautiful resource, this pain midlife. And it creates this openness to go, what am I wrong about? What have I missed? What input could I receive now that I’ve been closed to before? So stack the pain.  

Bryce Holdaway
Stack the pain. So step number one is step into the light. Number two is take 100% responsibility. Number three is stack the pain. Number four is?  

Jaemin Frazer
Develop a compelling life vision. Often people just use pain avoidance as their whole motivation strategy. Anthony Robbins taught me this that it’s like the pressure cooker because massive pain leads to massive action. Sorry, massive pain leads to massive motivation. Massive motivation leads to massive action. Massive action leads to massive change. Massive change leads to massive pleasure, which dials down the motivation, which dials down the action. And then six months later, you’re back to where you were. It’s how people do weight loss a lot of the time.  

So it’s only half the equation. Sure, you got to have a moving away from strategy. Be clear about what you don’t want anymore. But what do you want instead? What’s the dream? Where are you taking this thing? What’s your vision for your life? Lots of people have already shut down that question, by the way. I think it’s the hardest question we get asked as adults, but it’s also the most beautiful, the most important, the most life-giving, and it’s always inside of us. To desire is human, so no matter how far you suppress it, we all do know what happiness and success is to us.  

So to tap into that dream again and to kind of realise that without a quest, without a mission, without a desire and ambition to actually do something meaningful. What’s the point of diving into fear and pain and doing some of this personal development work if you don’t have a reason? So the only people who solve this problem are the ones who dive back into that desire and reimagine a compelling future for themselves and kind of realize, I’m not prepared to die with the music inside me.  

One of my clients is an end-of-life pain specialist. And the reason he’s my client is because it’s his job to help people in great suffering at the end of their life. And he says, you might think it’s physical pain and suffering that is the biggest pain for them. It’s not. It’s always existential. It’s an unfulfilled life. It’s dying with the music inside you. It’s disappointment. It’s what if. It’s a should have, I would have, could have. He’s like, so many people are suffering greatly because they never found a way to fully show up as themselves. And he’s like, that would be me. If I don’t make some change now, that would be me too. So I think, again, we all kind of have this idea of something ambitious for our life. And to tap back into that is the only way you’re gonna solve this problem. 

504 | Everything You Should Know Before Turning Your PPOR Into an Investment

Trevor is seeking a “Tree Change”: To escape out of the city with his family. What are the implications of turning his Principal Place of Residence (PPOR) into an investment property to do so?

Meanwhile, Emma’s got a duplex under a single title. She lives in one unit and has rented the other; is she eligible for Capital Gains Tax exemption?

Clinton wants to know what the best loan to attach his offset account to is: an interest-only or principal-and-interest loan.

Folks, today’s massive Q&A highlights the most significant benefit of Australia’s tax system, the importance of seeking good tax advice (and the implications if not!) and exactly why record-keeping could save you thousands.

Tune in now! 😊

 

Free Stuff Mentioned

  • How much is your property earning (or costing) you?  Moorr’s newest Property Cashflow Projection Tool is now live! Get a detailed breakdown of money going in and out over the next 12 months, plus the full tax story. 

 

Questions We Answer…

Q1) Capital Gains Inquiry from Emma  

Hello, my partner and I bought a full duplex with a single title in 2022 for $465K. 

This year in February 14th, we sold it for $550k. The unit 1 was rented when we first purchased the property and is still currently rented by the same tenant. She stayed there even after the settlement whilst we moved into the unit 2. 

Can you please help me with the capital gain tax calculations and whether we would be eligible for an exemption. I can’t seem to find a straight answer online, whether we would take the capital gains tax on just unit 1 or whether we could apply for the exemption for the whole property. 

Thank you. I appreciate your help. 

 

Q2) Where to attach my offset account? from Clinton  

Hi Bryce and Ben and the team on The Property Couch. I just have a question in regard to which loan I should have my offset account attached to? 

So, we currently have our PPR in Cairns, which is of the value of approximately $600k which in the next three years we’re going to rent out. Hence, it’s an interest only loan.  

And we are also going to buy a property in Melbourne this year of a value approximately $800k but that will be with P&I loan. Just wondering which loan would be better to have the offset attached to as $800k purchase will be P&I and the $600K PPR right now will be interest only.  

Obviously, interest only helps with cash flow as well. I understand that it’s probably better to have the offset on the higher mortgage, but would it be better to have it with the lower mortgage considering it has the interest only loan? Thanks guys. 

 

Q3) How to turn your PPOR into an investment property and move to the country? from Trevor   

Hey guys. 

Love what you do, the podcast and the content you share. My wife and I are on our journey with Empower Wealth, and we’ve just loved every minute of it. We’re keen to keep kicking goals on this journey we’re indebted to you guys for. 

My question centres around a sea change for us and our family – albeit moving to the country, not the sea or the ocean – would love to, you know, buy that acreage on a hill somewhere and just want to understand I guess in general terms, how that would look or play out for our current situation, being that we have a PPOR in the city here in Brisbane, we’re sitting at about 25% LVR on that. 

We’ve just executed on our first investment property and the total LVR would be about 46% and with the available equity 80% of the PPOR of about $750,000. I guess I want to understand how you can or could you turn the PPOR into an investment property, move to countryside and buy another PPOR and convert that one into an investment?  

How that sort of plays out in the finance and its tax implications, recognising that you know with the LVR so low on our current PPOR, it would be I guess positively geared considering that rental appraisals are around about $1200 per week in today’s market? 

So I’m struggling to understand how we could do that and I guess live our best life where we are keen to live. But yeah, look forward to hearing what you guys think and yeah keep up the great work. 

Cheers. 

 

Timestamps

  • 0:00 – Everything You Should Know Before Turning Your PPOR Into an Investment 
  • 1:17 – Welcome back Bryce!  
  • 4:13 – How to calculate how much your property is earning or costing you 
  • 8:41 – Mindset Minute: “The Gap between the Life you want and the Life you are living is called….”  
  • 10:50 – Q1) Are we eligible for a Capital Gains Tax exemption? from Emma   
  • 12:10 – The greatest gift of the Australian tax system 
  • 16:11 – Why talk to a tax advisor?  
  • 17:54 – A $21,250 tax bill & setting the precedence in 2023 
  • 22:32 – Q2) Where to attach my offset account? from Clinton   
  • 23:47 – The best place to park your offset is… 
  • 26:40 – Why does your highest cost of debt matter? 
  • 28:15 – Why record-keeping here matters!  
  • 28:51 – Don’t miss THIS tax advantage!  
  • 29:47 – Q3) How to turn your PPOR into an investment property and move to the country? from Trevor   
  • 32:35 – Will it become positively geared?  
  • 34:13 – Ben’s preference in these scenarios 
  • 35:27 – How modelling can make an impact  
  • 37:02 – Brisbane’s an interesting market because of…  
  • 38:25 – Tax implications & the team to help  
  • 40:40 – At minimum, it’ll cost you $40 to $50G… 

And…

  • 43:49 – Lifehack: Take a _____ overseas! (And don’t leave your card in the safe 😉)  
  • 54:14 – WMPN: Always read the terms and contracts & Westpac’s Prestige Property Report: Which investor gets the best tax concessions?   
  • 1:03:41– A letter from Alex from Episode 399!  

503 | How to Get the Right Property Investment Advice – Chat with Joel Burton

In this episode, we’re doing something a little different… 

Ben is sitting down to unpack the world of property investment advice – through the lens of a Qualified Property Investment Advisor (QPIA). 

To do so, we’ve brought an expert in this field, someone who has been efficiently and effectively helping clients build out their property journeys for over a decade… 

Joel Burton is a Qualified Property Investment Advisor who has crafted more than 850 personalised property plans for his clients. He has recommended thousands of investment property purchases, family home upgrades, downgrades, renovation plans, and even, in some cases, the advice to sell the property.    

From how a QPIA guides – and often can transform your view – to the magic behind each scenario and solution our QPIAs offer our clients, we’re showing you the inner workings of the property investment advisor world.  

Listen now folks!  

 

Free Stuff Mentioned

  • How much is your property earning (or costing) you?
    Find out with Moorr’s newest Property Cashflow Projection Tool, which gives you a detailed breakdown of money going in and out over the next 12 months, plus the full tax story.   
  • Find out more about PIPA’s (The Property Investment Professionals of Australia) Qualified Property Investment Advisor (QPIA) accreditation 

 

Timestamps

  • 0:00 – How to Get the Right Property Investment Advice – Chat with Joel Burton 
  • 2:00 – New Moorr Tool: How much is your property earning you? 
  • 3:44 – Mindset Minute:  If you want happiness for a lifetime… 
  • 5:28 – Welcome Joel Burton!  
  • 6:16 – Money Story: The GFC and being a musician   
  • 11:56 – What do Property Investment Advisors do?  
  • 14:10 – The nuances between advisors 
  • 16:20 – Why Fee for Service matters!  
  • 19:41 – What does it mean to be a Qualified Property Investment Advisor (QPIA)?  
  • 22:10 – “I’m more interested in your life priorities than the investment”  
  • 25:12 – We NEVER do this…  
  • 27:04 – The #1 question to ask your QPIA 
  • 29:16 – How a QPIA meeting could open your eyes more than you realise 
  • 33:56 – The biggest client fears Joel faces  
  • 38:10 – Do you buy a home, investment property, or hybrid?  
  • 42:33 – Are property prices going to fall?   
  • 48:02 – The most common misconception: Equity does NOT mean…  
  • 51:33 – Block out the noise! 
  • 54:14 – The A-HA moments  
  • 56:35 – Realistic conversations & managing expectations  
  • 1:02:21 – What is the biggest regret clients have?  
  • 1:04:20 – Quick Fire Questions: Oldest, youngest, highest and lowest earning clients, and more! 
  • 1:08:00– Why Joel loves being a QPIA and measuring success  
  • 1:10:34 – His favourite client story  
  • 1:14:18– What should your QPIA have?  

And…

  • 1:18:12 – (Money) Lifehack: Try this Chrome lifehack to find the best discounts!  
  • 1:19:10 – Two bonus life hacks!  
  • 1:20:58 – WMPN: The real impact of South Australia’s new tenancy laws  

 

502 | “It’s Putting the Mouse in Charge of the Cheese!”: Death, Taxes & Inheritance – Chat with Julia Hartman

After last week’s insightful episode with Noel Whittaker, we’re thrilled to continue with another stellar guest who helped to co-write the tax chapters of Noel’s latest book, “Wills, Death & Taxes Made Simple.” 💰📝 

Please welcome back, Julia Hartman, THE #1 Property Tax Expert in Australia!!  

Julia is the Founder of BAN TACS, a cooperative of Accountants that has been helping thousands of Australians navigate the world of tax since 1992. Basically, she’s your ultimate tax guru!  

In this week’s episode we’re uncovering the minefield that is death, inheritance and taxes  

Like…how much are you taxed when you receive an international inheritance?  

Or how can you minimise the tax on your family home that’s been passed down?  

And what are the #2 biggest challenges with inheritance if you don’t keep your records?  

It’s an information-packed episode that could save you hundreds and thousands of dollars down the track. Listen in now!  

 

Free Stuff Mentioned






 

 

Timestamps

  • 0:00 – 502 | “It’s Putting the Mouse in Charge of the Cheese!”: Death, Taxes & Inheritance  
  • 2:11 – Mindset Minute:  When to stick and when to quit?  
  • 6:40 – Welcome Julia Hartman!  
  • 7:51 – The ins and outs of Inheritance: Your family home  
  • 10:19 – Can you rent out your family’s primary residence?  
  • 11:33 – Record Keeping 101: Why does it matter?  
  • 15:37 – Why estate mortgages are Julia’s nightmare! 
  • 16:20 – The slippery slope with shares 😮  
  • 17:30 – Claiming inheritance from overseas  
  • 21:45 – Don’t know where to start? Start with Julia’s spreadsheet! 
  • 22:28 – Beware of Testimony Trust. Here’s why! 
  • 25:00 – Wills, Death & Taxes Made Simple  
  • 26:04 – How folks try to avoid the death tax  
  • 28:41 – The Rule of Survivorship 
  • 29:36 – Remember this 6-year rule!  
  • 31:09 – What if an existing investment property is passed down?  
  • 32:41 – Capital losses are lost on death  
  • 35:57 – What happens when you inherit units through a company 
  • 36:52 – SMSF vs. Industry funds: Post-death tax treatment 
  • 39:26 – Case Study: Contesting wills & estate freezing  
  • 43:30 – How long can you keep the estate going for?  
  • 45:57 – Can you challenge a 25% trustee fee?  
  • 47:04 – What happens when your cost base is NOT reset?  

And… 

  • 52:24 – A bonus gift!  
  • 55:52 – Lifehack: Do this to stop your water bubbling over when boiling pasta!  
  • 57:31 – It’s tax season! If you need a tax agent, we offer award-winning tax services.  

Instagram

This error message is only visible to WordPress admins
There has been a problem with your Instagram Feed.
This error message is only visible to WordPress admins
There has been a problem with your Instagram Feed.

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

×