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

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

“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…

 

453 | From 20K to a $2M Property Portfolio: How She Used the Migrant Mindset to Start Again – Chat with Mila Holmes

By in Podcast, Property Investment, Winter Series

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It was just over a month ago now when we sat down with the Judo Boys who initially introduced to us the concept of the migrant mindset… And this week’s Winter Series guest is a living testament to the power of this mindset.  

Meet Mila Holmes, an amazingly disciplined and driven Winter Series guest who, together with her partner, owns a property portfolio worth nearly $2M.  

But growing up….?  

There was one morning when she and her family woke up…

With their entire life savings WIPED. 😱 

Mila shares what it was like to experience this, from growing up living with 10 other people (yep…housing in USSR is VERY different to Australia) and rampant debt levels to how she made the brave, life-changing decision to move to Australia – by herself. 

 We’ll cover TONS of gold from her winning “Scientific Approach” to investing to how she became MoneySMART including aligning partner money personalities and getting a property plan.  

And if this wasn’t enough, we’ll cover how she’s flourished in the last 14 months of rate rises AND has come to own an absolute 70s gem in Surfers Paradise.  

 

 Give it a listen now or watch the Episode below! 

 

Free Stuff Mentioned… 

 

Here’s some of the gold we cover… 

  • 1:17 – Welcome Mila!  
  • 1:37 – Waking up with their savings completely wiped 🙁  
  • 2:45 – Bad debts and people knocking… 
  • 3:59 – The housing story in USSR (10 people in one place?!)  
  • 6:30 – Growing up in St Petersburg 😮  
  • 8:48 – First jobs, university and a divorce…  
  • 10:04 – How Mila came to Australia (by herself!)  
  • 11:48 – Money beliefs + impacts of the bank’s collapse  
  • 14:47 – Townsville & transforming her money values  
  • 16:18 – The Commonsense Approach 
  • 17:36 – Merging money personalities: How this power couple did it!  
  • 19:28 – Becoming MoneySMART 😉 
  • 20:52 – Strategic advantages from the Migrant Mindset  
  • 23:24 – THIS is why Mila chose to invest in property…  
  • 24:18 – The first property they bought (ahh the memories!)  
  • 26:28 – Getting deployed to Iraq + Engaging the professionals 
  • 27:17 – The Scientific Approach to Property Investing 
  • 28:34 – COVID, Children and another property?!?  
  • 30:23 – “It’s not all smooth sailing…”  
  • 31:38 – Like a terrific landlord should! 
  • 34:53 – The 70’s gem they now have in Surfers Paradise  
  • 37:19 – Plan to become what you plan to become… 
  • 38:49 – How they can optimise their next chapter!  
  • 43:36 – LVR and moving away from rent-vesting… 
  • 46:05 – How has this power couple navigated the last 14 months?  
  • 51:43 – Mila’s advice to listeners out there!  
  • 53:24 – And THIS is why she came onto TPC to share her story! 
  • 54:42 – Thank you Mila – What an amazing story!  

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Get Moorr out of your money.
Log in or create your free account via the Moorr web platform, or download the app on Apple and Android and transform the way you view and track your wealth. 

 

Would you like help setting up your MoneySMARTS system?

By in Free Resources

We’re ready to assist! 👋

Building on from Bryce and Ben’s post-Summer Series message on the podcast, we are thrilled you want to learn more about how we might be able to help get you started with our MoneySMARTS money management system in 2022.

You’re not alone; in recent years we have received a growing number of enquiries coming in about getting ‘human’ help to set up MoneySMARTS the right way from day one, which is amazing, but we didn’t have anyone who could help until now.

And based on the feedback we got after telling them to just rely on the book and use the free online MoneySMARTS tool, there was always a risk that they will instead pass on using this amazing time saving and life changing system due to their lack of confidence in getting started in the first place.

So…fast forward to 2022 and we’ve listened to the feedback and decided to launch a new hands-on MoneySMARTS Set Up Service.

Ben Kingsley himself, along with Joel Burton, one of our in-house MoneySMARTS gurus, will be leading this new initiative, so you will be in good hands.

They are planning to run a few free 15-minute information sessions in February & March of this year to outline what’s involved and what you will get as part of this service. They will also answer any questions you might have, so you can make an informed decision if this Set Up Service is right for you in getting started with the MoneySMARTS money management system.

Update: This Set Up Service is now over, but head on over to this page introducing MoneySMARTS: How Elites & Money Managers run their finances in Moorr.

 

376 | It’s Never Too Late To Start: How He’s On Track For a $2k/week Passive Income! – Chat with Steve

By in Real life stories, Summer Series

It’s the final episode of our Summer Series 2021/22!! And folks, we are finishing with a bang!

Steve, our special guest only started listening to us back in January last year.

But within a short span of 8 months (all during COVID as well), they…

  1. Paid off their bad debt
  2. Implemented MoneySMARTS
  3. Got a property portfolio plan done
  4. AND even bought an investment property

All without penalising themselves!!

They’re still doing all the fun things, still going away on weekends, and having that lifestyle that they wanted…but yet, things are looking a whole lot better now.

So… what are they doing differently?

Tune in now to find out why it’s never too late to start AND how you can also buy an investment property without impacting the family budget 😉

P.S. Make sure to tune in to 34:45 where he talks about how the podcast has given him the confidence to demand something from a certain someone.

 

Free Stuff Mentioned

  • FREE eBook – Make Money Simple Again
  • FREE MyWealth Portal & Start Your Financial Transformation Today! (includes MoneySMARTS, MoneyFIT + MoneySTRETCH)
  • Binge Guide to Property, Finance & Money Management – Download here
  • Free Report: How to Buy an Investment Property without Impacting the Family Budget? – Download here
  • (Video) How to find Hidden Money in your Family Budget? Watch here

 

Here’s What We Cover…

  • 2:00 – Meet Steve.
  • 2:45 – “Financial situation of the parents was their business…”
  • 4:47 – What were his saving habits since he was young?
  • 6:00 – What are some of the money messages he noticed growing up?
  • 7:13 – Steve’s saving habits in his early years…
  • 7:50 – The difference between a good teacher and a GREAT teacher!
  • 10:20 – $60,000 for a property… And it’s not cheap?!
  • 11:06 – Living through Recession times and how that affected his job decision
  • 13:17 – How long did the renovation go for?
  • 16:22 – The lifestyle choices and struggles most parents face
  • 18:28 – When your kids don’t share the same passion as you…
  • 20:28 – How did they manage to fund the 3rd principal place of residence?
  • 22:30 – Who gave him the advice to deal with his properties THAT way? 😨
  • 23:00 – Building their dream home HIMSELF in 12 months!
  • 24:00 – What was his research outcome on building wealth? #WhyProperty
  • 26:23 – “Maybe it’s time to clean all these up…”
  • 27:58 – The unexpectedly easy transition to MoneySMARTS…
  • 30:45 – What was their #1 priority in the first couple of months of MoneySMARTS?
  • 31:55 – His lifehack to catch up to all 300+ of our episodes!
  • 34:45 – The podcast gave him the confidence to demand what he wanted from the _________ ?
  • 38:29 – What was the satisfying change that really mattered to him and his family…
  • 41:05 – Do you notice these signs… ?
  • 46:11 – Full steam ahead towards their end game!!
  • 48:48 – Steve’s advice for YOU!

 

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

 

Keen to Get Started with MoneySMARTS?

Claim your free copy of our best-selling book Make Money Simple Again which explains it all in detail!

375 | “The Phone Wouldn’t Stop Ringing”… How she stopped the wolves at the door! – Chat with Bianca

By in Real life stories, Summer Series

“If you don’t know where you are, you don’t know where you could possibly go.”

That’s just one of many amazing quotes in today’s episode.

 

Folks, some stories need to be told. And today’s guest owns one of those stories.

You can kind of guess it from the title but here’s what happened…

Our special guest today, Bianca was an athlete. She was a great basketballer in her younger years and was travelling interstate and internationally for competition and she was doing great.

But… life is like a rollercoaster – there are ups and downs.

And she had two down times…

One of them involved a huge credit card debt.

So… what happened? How did she climb back up? Did she run away and hide?

 

Well… Bianca showed us what we can achieve by taking a step forward and be honest to ourselves and everyone around us.

She also showed us her tenacity to do better and an unyielding ability to swim upstream.

And most importantly, she showed that life is all about the choices you make.

 

Like we said, some stories just need to be told and heard…

Tune in today folks. You won’t regret it.

 

Free Stuff Mentioned

 

Additional notes:

If you’re finding yourself in a tight spot then please do not hesitate to reach out for help. That’s the first step to recovery. Here are some useful links that might help you take that step:

 

Here’s what we cover…

  • 1:28 – Meet Bianca.
  • 1:56  – What was money like when growing up?
  • 3:14 – What were the observations that she learned from her mom?
  • 6:46 – The “GREAT” transition to young adulthood!!  
  • 8:30 – “Hmm… Something doesn’t really add up…?”
  • 9:11 – What was her motivation to get a second job?
  • 9:55 – What is this…. a credit card?! (Uh oh…)
  • 11:30 – The denial phase that felt like an insurmountable challenge
  • 12:20 – What was the one thing Bianca thinks she has lost?
  • 13:32 – THIS is the best thing you would do…
  • 14:25 – Internal dialogues that were playing in her head
  • 17:50 – What’s the best way to rip the band-aid off?
  • 21:31 – The danger of looking for help online!
  • 22:30 – Financial Peace: How does she plan to achieve this? 
  • 24:32 – Did you know this about Auckland, New Zealand?
  • 27:18 – What can you learn by just observing your local community?
  • 29:50 – Moving across the ditch!
  • 30:45 – The 1st Property!! Saved a Deposit, Found the Property, Offer got accepted but…. LMI said no. (Huh?! But why?)
  • 32:04 – So… What did they spend the deposit on instead?
  • 32:50 – The defining moment in their journey
  • 36:16 – Yes, it’s a money spreadsheet again
  • 38:43 – When did they finally manage to buy their first home?
  • 40:42 – Multitasking 101: Best Way to Learn!
  • 44:34 – What is their next course of action towards Financial Peace?
  • 46:13 – Her heartfelt message to her younger self and others
  • 50:44 – How are things different now?
  • 54:31 – What made her come on our Summer Series?

 

 

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

Keen to Get Started with Money SMARTS?

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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