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513 | What’s The Forgotten Pillar of Wealth Creation?

It’s not a fun BBQ conversation like discussing the rate you snagged or the exciting new property you just bought but…

It is a critical pillar for holding up your entire wealth creation. 🏠🃏 

Yep. We’re talking about the forgotten pillar of wealth creation.

Here’s the deal:

  • What essential defences do you need to protect your income, assets and lifestyle?
  • What does Ben consider a “Peace of Mind” policy?
  • The hidden problem in houses
  • How does defence tie in with the two core pillars of property investing?

It’s an episode that not enough folks are talking about. Tune in now so your wealth isn’t, in the wise words of Ben, “built on a house of cards.”

Listen now!

 

Free Stuff Mentioned…

  • Vote for The Property Couch!
    If we’ve helped you in any way, we ask you to vote for us at the 2024 Australian Podcast Awards! Help us reach and transform more folk’s money management, finance and property investing knowledge across Australia. Vote now >>
  • Download the 2024 PIPA Annual Property Investor Sentiment Survey
    The Property Investment Professionals of Australia conducted their annual survey in August 2024. With more than 13,000 respondents, the findings of property investors selling out are both surprising and saddening. Download the report now >>   
  • Not sure how much buffer you should have for peace of mind regarding your job security?
    Moorr, your all-in-one money management platform offers MoneySTRETCH, an advanced tool to see how long your money will last with no income. Calculate how much you need for a rainy day now >>  

 

Timestamps

  • 0:00 – What’s The Forgotten Pillar of Wealth Creation? 
  • 1:24 – The torturous path of being a Freo supporter 😉  
  • 4:10 – Vote for us in the 2024 Australian Podcast Awards!  
  • 6:35 – Mindset Minute: Kind words from a listener: What happens when action meets an improvement mindset 
  • 10:03 – The Forgotten Pillar  
  • 11:09 – Income: “Do more than what you’re paid to do, and eventually…”  
  • 14:53 – Why adding value should be part of your defence strategy!  
  • 18:48 – How much buffer should you have?  
  • 21:42 – THIS is why a property-savvy accountant really matters in your accumulation phase 
  • 23:53 – Your health is your wealth  
  • 25:28 – A lot of banks assess this #1 thing!  
  • 27:13 – Lifestyle: Your North Star and do THIS if you’re feeling wobbly  
  • 30:33 – How to Google Maps your lifestyle  
  • 32:24 – Defining TPD & Trauma: Nuances and Ben’s personal stories  
  • 36:06 – Life insurance: Don’t just do it for the primary earner  
  • 37:37 Assets: The hidden problem in houses  
  • 41:41 – Protecting YOU against tenants  
  • 44:41 – Tenancy reforms: A $23,000 fine?! Here’s how to avoid it.  
  • 48:30 – The 4 Pillars: How does Defence tie in with Borrowing Power & Cash Management? 

And… 

 

Bonusisode – Would You Like To Be A Buyers Agent?

Let’s cut to the chase folks! Yes, we are hiring.

You’ve probably heard us mentioning our parent company, Empower Wealth a few times in the past. Our company is growing rapidly and we are currently looking for a Buyers Agent for our Melbourne office!

So…. Do you have a passion for property or have been listening to the podcast, loved it?
Or if your current job isn’t fulfilling for you or it’s not allowing you to be that person who wants to help others achieve their goals and dreams?
Or you want to work with BRW Fast 100 Companies for 2016, 2017 & 2018 and multi-award winner for customer service and innovation?
Or you simply want to work alongside Bryce, Ben and Stiggy?

Then we want to hear from you! Please send your resume together with a cover letter to Cristina Rodriguez at [email protected].

Want to learn more about the role? Click here to go to www.ThePropertyCouch.com.au/jobs

 

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