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476 | From $30k Debt to a $2.78M Portfolio: How He Rebuilt His Finances and Confidence After a Failed Business Venture – Chat with James

 

Imagine waking up to find yourself $30,000 in debt with a restaurant business turned bad and a great deal of self-doubt left in its wake.

Now fast forward a decade or so to find… 

You’ve amassed a $2.78 million property portfolio; you are now confident on your path to helping others and you are financially empowered.  

This is the rollercoaster ride of James, today’s articulate and inspirational Summer Series guest. 

From growing up “material poor but experience rich” in the heart of Canada (You’ll have to tune in to find out how this Aussie family found themselves in the remote province of Manitoba) to running a successful bar business that ended in disaster, we’re tracing the peaks and troughs in James’ career and financial life. 

Together, we unpack how he snowballs out of this debt, the advantages that come from having a wonderful accountability partner and wife, and his passionate pathway to self-development. 

Plus, we’ll dive into that heart-dropping moment that this self-professed “enthusiastic amateur” realised HE was working alongside spruikers 😮  

Yet another fantastic story that highlights the importance of smart money management, resilience, the power of financial education and so much more!  

Thank you for coming to the couch to share your story, James! Listen now folks.

 

Free Stuff Mentioned

 

Timestamps

  • 0:00 – From $30k Debt to a $2.78M Portfolio: How He Rebuilt His Finances and Confidence After a Failed Business Venture – Chat with James  
  • 1:22 – Welcome James!  
  • 2:43 – Travelling Family and Two-Dollar Chores  
  • 7:09 – “Materialistic poor but experience rich”  
  • 8:16 – A 6L tub of ice cream for dinner?!  
  • 11:11 – What happened when Mum took the reins financially?  
  • 15:50 – Pivoting from AFL to Events 
  • 18:20 – Money management…on a business level  
  • 19:53 – The Mistake Venture  
  • 23:25 – The financially transformative career he swapped into 
  • 27:25 – How he got out of $30k of debt 😮  
  • 31:37 – What did it feel like being financially free?  
  • 32:13 – Next Steps & Self Development    
  • 34:44 – …and then he realised he had been working with spruikers 🙁  
  • 39:43 – A warning from a self-confessed enthusiastic amateur  
  • 44:08 – THIS is how they decided where to buy  
  • 47:49 – Construction Grants & COVID 
  • 52:16 – Their first cottage investment property 
  • 56:32 – The perks of an accountability partner  
  • 58:10 – What has it been like being a landlord? 
  • 59:40 – Pulling the trigger (again) in Perth  
  • 1:03:19 – He now owns a $2.78M property portfolio  
  • 1:06:58 – What security means to James  
  • 1:11:51 – The card game that inspired him to share his story  
  • 1:16:10 – Folks, look at your skillsets  
  • 1:18:52 – Thank you, James! What a fantastic conversation  
  • 1:24:52 – We’re giving away some exciting stuff very soon…  

 

475 | “I Lost All My Money Through Day Trading”: How This Dive Instructor Rebuilt Her Life on Her Own After Losing It All – Chat with Jasmin

 

Welcome back to our FIRST episode for 2024!

To celebrate, we’re sharing the story of a Summer Series guest who encompasses all the great values we hope to bring into the new year. 👏🤩🙌  

Meet Jasmin, a brave, determined and resourceful investor whose drive has taken her diving around the world, to cruise ships in the Caribbean and to prestigious universities across the continent of Europe.  

If you can’t tell already…this is one awesome, action-packed tale.  

Tune in to hear Jasmin leap from discovering a life-changing passion to moving across the globe for love to losing every cent in her bank account in just one day. 😲 

We’ll uncover exactly how she rebuilds her life from this harrowing situation, finds her feet on the road to property and secures her ideal lifestyle (that includes some loveable furry friends 😉).  

As an aspirational, single female investor, this is the perfect tale of empowerment to kick off the new year. Tune in now folks!  

 

Free Stuff Mentioned

 

Timestamps

  • 0:00 – “I Lost All My Money Through Day Trading”: How This Dive Instructor Rebuilt Her Life On Her Own After Losing It All 
  • 1:56 – Welcome Jasmin!  
  • 2:36 – “Things don’t come flying from the sky”  
  • 6:56 – Working before minimum age?!  
  • 8:23 – Growing up with an aspirational mum and grandparents 😊  
  • 14:27 – The biggest influence in her childhood was… 
  • 15:17 – Did Jasmin grow up to be frugal or a spender? 
  • 16:59 – From Germany to Australia: How she self-funded her trip at just 19?!  
  • 18:08 – The 1 decision that shaped her life path…  
  • 19:30 – Studying abroad and diving sabbaticals!  
  • 22:05 – Returning to Australia, corporate jobs and chasing adventure 
  • 26:30 – 2 very different challenges  
  • 28:02 – She lost everything in 1 DAY?! 😮   
  • 32:55 – Why was she ashamed about this experience?  
  • 34:55 – The shift to property that started with a webinar… 
  • 37:37 – How she found “The Property Couch”  
  • 40:00 – The invaluable benefits that come from experience 
  • 42:33 – Jasmin couldn’t find the answer to this Q. Here’s what she did.  
  • 44:52 – The lifestyle “middle ground” she’s searching for 
  • 47:51 – What does having this certainty feel like?  
  • 49:20 – How she is giving back to the community through property! 
  • 50:38 – She only needs THIS many properties to achieve her dream  
  • 53:25 – The paw-some charity she supports 🐶 
  • 56:09 – How visual money management helps Jasmin  
  • 58:55 – What does money mean to her?  
  • 1:01:20 – THIS inspired Jasmin to share her fascinating story 
  • 1:03:54 – What an empowering story. Thank you, Jasmin! 
  • 1:07:30 – The Surplus Challenge: How much can you trap?!  

465 | How This Family Can Afford their Year-Long Holiday While Building Their Portfolio

 

We’ve always said that property investing is a process not an event but…

How does one successfully match this process with ongoing family, life AND travel goals to achieve it all?!? 🏡🌟 

Folks, in today’s episode, we’re revealing how it’s possible through two real-life case studies!   

In our first case study, “Scratching the Itch”, we’re exploring how a young family who is looking to spend a memorable year travelling with their young ones can achieve this while continuing to work towards buying their forever home.  

 In the next case study, “Older Demographics Need Help Too!”, we chart the path that Linda, a 54-year-old Zookeeper can take to achieve her dream retirement without sacrificing her current lifestyle.  

We’ll be deep-diving into the problems and life-changing epiphanies each of these brave investors have had, along with the exact steps and plans we created to help each of them achieve it all.  

From the power of prioritisation to seeing what is possible, we’re highlighting the many advantages of seeking professional advice.  A seriously motivational and practical episode for all, give it a listen now!  

 

Free Stuff Mentioned

  • Scratch your itch! Make the invisible visible and understand your priorities by getting professional advice. Book a free no-obligation with our award-winning team here >> 
  • Sign up for PICA’s newest webinar with Nicola McDougall here >>   

 

Heres some of the gold we cover 

  • 0:00 – How This Family Can Afford their Year-Long Holiday While Building Their Portfolio   
  • 2:34 – PICA is having a new exciting webinar!  
  • 3:23 REVEALED: Our newest Case Study Series launch! 
  • 5:53 – Giveaways 🤗   
  • 9:24 – Calling all potential Summer Series Guests! Share your story here… 
  • 11:44 – Mindset Minute: Never be so foolish as to believe… 
  • 17:35 – Case Study #1: Scratching the Itch 
  • 19:16 – The scary external AND internal problems they were facing… 
  • 23:18 – It’s always better to trade on paper folks!  
  • 26:35 The Lifechanging Epiphanies + Plan 
  • 27:42 – THIS is how they took action!   
  • 34:47 – It’s all about understanding the trade-offs & priorities! 
  • 35:56 – The 2 Fundamental Levers  
  • 40:11 The end result: The achievement + transformation 😊  
  • 44:24 – Case Study #2: Older demographics need help too! 
  • 45:58 – The fears this Zookeeper was facing…  
  • 49:49 – What drove her to act?  
  • 50:32 – The 3 very different solutions she was presented!  
  • 52:35 One of the most important things to remember… 
  • 54:18 – Other factors we considered 😮  
  • 55:26 – The Winning Roadmap to Retirement! 
  • 57:35 – Let’s summarise…  
  • 59:20 – Folks, we’re so lucky (+ THIS is the best time to start)  
  • 1:00:37 – Scratch your itch. Have a conversation with our award-winning team >> 

And… 

  • 1:02:55 – Lifehack: How to finish ANY book!  
  • 1:04:07 – WMPN: Unexpected changes to vacancy rates and shifting markets…😮 

The Property Investment Formula That Works In ANY Market And At ANY Time!

If there’s just one framework you should focus your attention on if you want to be a successful property investor… please make it this one!

Folks, in today’s episode we’re revealing THE Property Investment Formula you need, not just in your toolkit, but also what you must implement if you want to build a multimillion-dollar property portfolio that creates a passive income for yourself and your loved ones!

Our Property Investment Formula is made up of FOUR critical elements – what we call our our “A.B.C.D.” Pillars of Mastery – and it works in ANY market and at ANY time… (yep!)… ‘cos this is an evergreen formula to invest in property. It really will work today, tomorrow and forever. So make sure you get this framework RIGHT.

The “A.B.C.D” Pillars of Mastery are…

  • Asset Selection
  • Borrowing Power
  • Cashflow Management
  • Defence

BUT while this “A.B.C.D” Acronym makes it super easy for you to remember… these Pillars are NOT in their correct order as you would apply them in real life… so, please NEVER start with the property (Asset Selection)!

We’re about to unpack what order to apply our “ABCD” Property Investment Formula and how to implement and what to consider in each individual Pillar.

This is one of our all-time favour frameworks and, yep, it is absolutely critical for every property investor, no matter what stage they are in!

Listen now to get the proven formula to invest in property that works in any market and at any time!

Don’t forget, 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…

  • What is Asset Selection?
  • What and Where should you buy?
  • The 4 Developer Tricks To Avoid At All Costs
  • New vs Old Properties
  • Investment Grade vs Investment Stock
  • How to recognise an Investment Grade Property
  • What is Borrowing Power?
  • How do you maximise your Borrowing Power?
  • How to Structure your home loans
  • Principle Interest vs Interest Only
  • What’s a Cash-on-Cash return?
  • Why’s interest rate NOT king?
  • What is “cross-collateralisation” ?
  • Should you pay Lenders Mortgage Insurance (LMI)?
  • Why should you NEVER get a loan directly from the bank?
  • Who should you get your mortgage advice from?
  • What is Cashflow Management?
  • Good Management vs Great Money Management
  • Four Steps to Elite Money Management
  • Why is “Liquidity” so crucial for a property investor?
  • What should you do with your money?
  • Or Money SMARTS system to Financial Peace
  • What is Defence?
  • How can you protect yourself, your family and your property portfolio?
  • What type of insurances are there?
  • What professional should you seek out?
  • How can you reduce your risk?

 

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 PodcastThe 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…

 

 

 

 

How To “Cheat” The Property Game: The 5-Step Framework, Money SMARTS and Meeting The Industry Players

“Cheat?” By this we mean… How to “Fast Track” The Property Game by getting the PROVEN method from the get-go.

In all honesty… if you’re looking to “rig” the system, or are chasing a “Get Rich Quick” scheme, then you’re likely not going to succeed in property investing… especially over the long term!

That said, there IS a simple 5-Step framework to follow that will make your property investing experience a whole lot easier and much more fruitful… which, of course, we’re unpacking in today’s episode! Plus, we’re diving deep into our famous Money SMARTS system – it’s a no B.S. money management system that will keep you ahead of the game by trapping more surplus cash in only 10 minutes a month (yes, really!… this system is currently transforming more than 15,000 everyday folks’ bank account as we speak!).

On top of that, we’re also walking you through the Industry Players – that is, the major players in the property industry who provide advice. Warning: Not all of these individuals can be trusted, so it’s vital you know what professionals to use and which “Property Spruikers” to avoid at ALL costs!

Listen now to get our proven 5-Step Framework, our simple money management system designed to trap more surplus cash AND meet all the industry players!

Don’t forget, to 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 Five Steps to Property Investing – The “Yellow Brick Road” to Financial Peace
  • Money SMARTS: The Simple Money Management System That Traps More Surplus in Less Than 10 Minutes A Month
  • Free vs. Free: Who Should Property Investors Take Their Advice From?
  • Who is really on the side of the property buyer?
  • What is a Buyers Agent and do you need one?
  • How to spot a property spruiker
  • Where should ALL of your income go?
  • Why is an Offset Account so powerful?
  • When should you use a credit card?

 

Free Resources

 

Episodes from The Property Couch to Further Support You…

 

 

 

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