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

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!  

 

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Would you like help in setting up your Money SMARTS?

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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 Money SMARTS 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, 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 we’ve decided to launch a new hands on Money SMARTS Set Up service for people just like you.

Ben Kingsley himself, along with Joel Burton, one of our in-house Money SMARTS guru, 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 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 you started with the MoneySMARTS money management system.

If you’re interested, leave your details below and we will be in touch shortly.

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376 | It’s never too late to start: How he’s on track for a $2k/week passive income! – Chat with Steve

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 Money SMARTS,
  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 weekend 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 minute where he talks about how the podcast has given him the confidence to demand something from a certain someone.

 

Free Stuff Mentioned

  • FREE eBookMake Money Simple Again
  • FREE MyWealth Portal & Start Your Financial Transformation Today! (includes Money SMARTS, Money FIT + Money STRETCH) – Fill in the form at the bottom of this page or Free Sign Up Here
  • BingeGuide to Property, Finance & Money Management Download here
  • Free Report: How to Buy an Investment Property without Impacting the Family Budget? – Download here
  • (LIVE 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 are his saving habits since he was young?
  • 6:00 – What are some of the money messages that 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 the 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 to build wealth? #WhyProperty
  • 26:23 – “Maybe it’s time to clean all these up…”
  • 27:58 – The unexpectedly easy transition to Money SMARTS
  • 30:45 – What was their #1 priority in the first couple of months of Money SMARTS?
  • 31:55 – His lifehack to catch up to our 300+ 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.

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

“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.

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374 | How to Win Robert Kiyosakis’ Cashflow Game in Real Life!! – Chat with Marina

“You wanna be the janitor”

This is probably the first time we’ve ever had a guest over where money conversations were not only discussed at the dinner table but… it was a hot topic anytime of the day!

For very good reason too!

Marina, our special guest today had an awareness towards money and investment at a very early age.

In fact, when others were playing Monopoly, Marina was playing Robert Kiyosaki’s cashflow game (Quick tip: It seems… being a janitor in the cashflow game has the highest chance of winning it 😉)

She had a full grasp on the concept of debt – tolerable, horrible and productive – a long time before she discovered The Property Couch and she also started investing in property at the tender age of 19.

So…

  • Where did that drive come from?
  • How did she develop a can-do attitude?
  • What are some life lessons she learned along the way?
  • And which of our fundamentals gave her a boost?

Folks… We seriously can’t describe how uplifting her story is and there is much to learn from this episode so let’s jump into it now!

 

Free Stuff Mentioned

 

Here’s what we cover…

  • 1:24 – Meet Marina.
  • 2:03 – Money was a hot topic?!!
  • 3:11 – Unconventional Wisdom from negotiating for a Furby
  • 5:05 – Where did the money awareness come from?
  • 9:01 – How is it like when your mum is a superhero? 🦸‍♀️
  • 10:45 – Having a transparent and honest money conversation within the household goes a long way folks! Here’s the proof of that…
  • 12:45 – Introduction to Robert Kiyosaki’s Cashflow Game
  • 13:22 – The embarrassing job interview 😱
  • 14:05 – Why did she drop out of uni?
  • 16:10 – Property research skills that have been passed down from her parents…
  • 17:32 – THIS is how you win the Cashflow Game!
  • 19:25 – When spreadsheet budgeting becomes _____________?
  • 22:11 – The “Aha!” moment!
  • 25:36 – A 250% increase in their surplus?!!
  • 26:54 – What are all the changes that they’ve made for that to happen?
  • 30:21 – Saving thousands of dollars by just signing a few papers?!
  • 31:25 – What happened that she had to return HALF of the First Home Owner Grant?
  • 34:01 – Why you shouldn’t bring your dad to an auction…. #ToughLove
  • 37:35 – Buying the Family Home
  • 39:55 – What are their next steps for here?
  • 42:55 – Why it’s important to merge their money mindset
  • 46:06 – The bombshell moment…
  • 49:27 – The importance of facing your demons and taking action
  • 52:45 – What does she want to impart to our community?

 

 

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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