Money & Wealth Modelling Archives - Page 2 of 3

361 | When Is It Too Late To Get Into Property?

By The Property Couch October 21, 2021 in Podcast, Q&A

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Have you left it too late?

Has the market moved?

Are you too old to start?

With the media hyping how hot the property market is these days, we get that some of you might be feeling a little anxious (or even frustrated!). Everywhere you go, you’ll probably hear people saying, “The prices are crazy these days!”

And yes, they might be right.

So if you’re worried that it might be a bit too late to start investing in property, then today’s episode is perfect for you.

And the best part is…

There are quite a few calculations today too!

Better get pen and paper on standby, or just reduce the playback speed on some parts 😉

Oh! Before we go ahead with the questions, just a bit of a teaser: Make sure you stay till the end cause Bryce and Ben will be sharing their early predictions on how this year’s property market will end and where next year’s market will go in the “What’s Making Property News” segment!

Free Stuff Mentioned

Summer Series is around the corner and we’d like to hear from you! If you’ve gone through (or are going through) a financial transformation journey, let us know. We’d love to listen to your story! Simply fill in the form below or go to thepropertycouch.com.au/mystory
We are also looking for a talented copywriter/storyteller to join our team! If you’re interested, learn more here: https://www.seek.com.au/job/54189273
(Podcast Series) The Armchair Guide to Property Investing! Listen on Apple or listen on Spotify
(Free Book) The Armchair Guide to Property Investing – Get a copy here
Bonusisode with Julia Hartman! Tune in here
Free Report: The Top 5 Tax Rules Every Property Investor Must Understand – Download here

The Questions We Answer

Question from Luke about Having a $700k Mortgage in Late 40s

My wife and I are at a crossroads.

We never thought owning a home was worth it until now, and I reckon we’ve missed the boat. For years my wife and I deliberated over buying a home. We travelled for work in our 20s so renting was easier while we were on the go. By the time we settled down to have kids, one income made it almost impossible to save for a deposit. Fast forward 15 years and we’re 46 with 2 teenage kids and still renting.

We have around $260k in super between us plus $80k in savings. We’re sick of seeing that $3k rent money disappear from our banks each month and we are scared of renting as we age further, so is it worth having a $700k mortgage at our age? And if not, what is the best way for us to secure our future?

Recommended episodes for Luke

Question from John about Selling Shares to Put in an Offset Account

Hi Bryce and Ben. Love the podcasts and I’ve been a keen listener for a couple of years now.

I’ve learnt a lot from you guys and have recently just bought my first investment property. I also have a small amount of shares invested in the market which I’ve made capital gains on.

My question is – is there any benefit, tax or otherwise, in selling my shares and putting the money in my offset account? For example, can I reduce my capital gains tax on my shares by moving that asset into the offset account?

P.S GO GWS!

Recommended episodes for John

Question from Renee about When to Buy a PPOR

Hey guys, I have recently found your podcast and am grateful for the wealth of knowledge you provide. So firstly, thank you!

I have a potential podcast question. The penny has just dropped regarding what you said about obtaining negatively geared investment properties with an aim for capital growth early on, then leaning towards neutral and cashflow positive properties later on.

My question is, strategically when does buying a PPOR fit into that scheme? Should you invest, sell, buy PPOR then invest with the equity? Particularly in south Sydney where anything 3-bedroom is at least $1.5 million.

I thought some personal context might be helpful. I’m 25 and have an apartment in south Sydney that I’m currently living in but could be an investment long term. I have a stable income – about $115k that will go up to about $150k by the end of next year which is when I will hopefully buy an investment property. Obviously holding on to both properties would be the goal but I’m struggling to see how I could buy a PPOR in 6 or 7 years time without having to sell both.

Thank you in advance!

Recommended episodes for Renee

Question from Peter about Getting a Loan with High Interest vs. Not Buying

Hi Bryce and Ben, love your podcasts.

Want to ask a quick question regarding real estate investing. I have reached my borrowing capacity but can do low doc loans. Would you think it’s better to get a loan with a bit higher interest than not buying property?

Recommended episodes for Peter

335 | The Four Types Of Wealth

By The Property Couch April 22, 2021 in Podcast

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Do you know the FOUR types of wealth?

Yep. Prosperity, or “wealth”, can be narrowed down to four specific categories – and in today’s episode we’re unpacking each one so you can see where YOUR definition of wealth really sits!

(And if the “type” you’re consciously or unconsciously chasing will actually get you to your ultimate goals and passive income targets!)

Key Message: Don’t let “1” and “2” rob you of “3” and “4”! 👊

Tune in now to learn about all four types of wealth and join us as we deliver the gold straight from the studio (you just might hear the Stig drop something in the background… ahhh, it’s great to be back!!!)

As mentioned in today’s episode…for this week only get 40% off our Start & Build online course!

Given current market conditions and the fact that there’s a serious chunk of FOMO (Fear of Missing Out) going on, we’ve decided to discount our premium online course “Start & Build” so folks can get access to the correct education and fundamentals of property investing so they DON’T make any rash decisions they’ll regret later! This course is now even more affordable to access with a significant 40% discount.

So, take advantage of the decade that’s coming, avoid FOMO, get educated on the proven process to build a property portfolio, and create the type of wealth you really want for yourself. 40% Discount, 365-Day Money Back Guarantee, and 9 Exclusive Bonuses ends THIS Monday (26/04/21) at 11:59pm AEST.

CLICK HERE to see what you get when you try Start & Build today!

Free Resources Mentioned

Here’s What We Cover…

What type of wealth will likely rob you of others?
How do social pressures influence our investment decisions?
What does Robert Kiyosaki define as True Wealth?
How should you measure your wealth?
The 7 Grades of Financial Wellbeing
Active vs Passive Investing
How can you achieve Financial Abundance?
What does Tim Ferriss have to say about a Rich Lifestyle?
Reasons why you’re NOT rich yet…
A bit of timeless wisdom from Mahatma Gandhi!
What was the hard lesson Bryce learned about true prosperity?
Ben at The Bridal Expo… (LOL)
20 years ago, what would Ben have told you about wealth?
… and how has 👆 changed?
The secret to a cheap wedding!!
What’s the formula to be healthy, wealthy AND wise?

235 | Money Hacks from the Money Queen – Chat with Effie Zahos

By The Property Couch June 6, 2019 in Podcast

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Folks, we’re up and about today!

Because not only is our dear friend Effie Zahos aka the Money Queen finally back on the Couch (it was WAAAY back in Episode 105 that we last checked in with her)…there’s also been a bit of a rate movement this week…the first in nearly 3 years! (Well, that, and our footy teams played each other on the weekend and Bryce came out on top of ol’ mate Kingsley!!)

What this rate movement means is a little more money in the bank for mortgage owners, which, especially when coupled with today’s episode that’s jam-packed full of Money Hacks, means that there’s a bit of extra money on the table that you can put to work for you.

Of course, it does also mean that the Australian economy isn’t performing as well as the Reserve Bank of Australia (RBA) had hoped, and ultimately there’s a LOT to be said about this decision. So, Ben has created a video on the June RBA Cash Rate Drop, which goes into detail about all this. You can check out the new rate announcement here.

But back to the wonderful, wise and VERY money-savvy guest who’s joined us today…!

It’ll probably come as no surprise to you who the Money Queen is…but we’ll take no chances and remove all doubt as to who Effie Zahos is!!! She is indeed the “Money” Queen…as in Money Magazine‘s finance editor for over 22 years! Well, we should say WAS the editor cos up until very recently, Effie decided to hang up her Money boots and walk in her own shoes instead…and she’s JUST released a brand new book, A Real Girl’s Guide to Money: From Converse to Louboutins!!

And today she’s sharing her best Money Hacks and financial tips so that you can stay on track with your hard-earned cash and make sure you have enough in retirement!

And, yep, if you hadn’t put two and two together yet…Effie’s personally worked alongside the likes of the Original Money Guru, Paul Clitheroe — our 200th episode’s very special guest — for a couple of, ahh, DECADES.

So you’re in VERY safe hands!

Also in today’s ep, we let the cat out of the bag on Bryce’s Brand New & Free 3-Part Video Series…

[REVEALED] The Money Saving Hacks The Banks Don’t Want You To Know About —- Free 3-Part Video Series

Money Saving Hack #1 — How To Make Sure You NEVER Pay Interest on Your Credit Card
Money Saving Hack #2 — How To Never Unconsciously Overspend Ever Again
Money Saving Hack #3 — How To Put Your Finances on Autopilot

Oh and folks, Effie has been generous enough to EXTEND THE DISCOUNT on her brand new book A Real Girl’s Guide to Money – From Converse to Louboutins until 08/07/19!!!

To access the discount, use the code HREAL19

Once entered, the discounted price will be $19.99 instead of the RRP of $24.99 😉👍 #MoneySMARTS

Here’s what you’re about to learn from the Money Queen…

Following the rate cut, where will the “Fool’s Gold” be in the market?
When are we likely to reach the bottom of the market?
How has the money space changed over the decades?
What did Effie used to suggest you do with a credit card? (ha!)
With so much financial literacy available, why are we still failing with money?
When are people most likely going to make online purchases?
What is most worrying about “Buy Now Pay Later”?
Why does a money mindset matter so much?
How many women are living in poverty at retirement?
How much do people disclose their debt?
What do Effie’s “1,2,3” Steps involve?
How can you teach your kids about money?
What’s the “52-week challenge” you can use for kids?”
What’s the “26-week challenge” for adults?
How much do you need if you don’t own your own home?
What does Effie think about The First Home Buyer Deposit Scheme? Why?

And of course, if you’re interested in getting a copy of Effie’s book, we’ve got TWO copies to give away!! Just tell us your #1 Money Hack on Facebook for your chance to win!

229 | How to Release Your Money Fears – Chat with Denise Duffield-Thomas

By The Property Couch April 25, 2019 in Podcast

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Folks, did you know that almost all of us have buried “bad feels” about money lurking somewhere inside us? And this contributes — rather significantly — to how we spend and earn our hard earned money… whether we’re aware of it or not!

Ah-huh… That long-forgotten moment you witnessed when you were five? Still remembered! The way your parents spoke about money? Still remembered!

Basically, your psyche has stored all your money stories somewhere… and these little tales resurface at the best and worst of times. Say, when you’re putting yet another thing on credit or refusing to spend a single dollar more than on the barest of necessities.

This stuff is not “woo-woo” either folks — it’s legit, and it impacts how each of us responds to and values money… the devil is just in our unique details!

And if there’s one woman who knows ALL about this, it’s a certain someone who wrote a book called —let’s be honest, you’ve probably heard about it — Get Rich, Lucky Bitch!

Yep!! Joining us today is Money Mindset Mentor Denise Duffield-Thomas — aka the woman inspiring, mostly but not exclusively, other women on their very real “money blocks” and how to ditch their fears and simply get on with creating true wealth!!

She’s a savvy (but “unbusy”) entrepreneur and the well-respected author of, yes, Get Rich, Lucky Bitch as well as Lucky Bitch and most recently, Chillpreneur — the latter, which lets you in on the new rules for creating success, freedom and abundance on your terms!

Now as two middle-aged fellas who are quick to admit we don’t have all the answers, we’ve gotta hand it to Denise — she, quite literally, is on the money here!!

Obviously, we see A LOT of bad money managers and, sure, we’ve got our MoneySMARTS platform to solve this… but today’s episode is a real eye-opener into WHY people are bad managers and how we (yep, both women and men) can reach our absolute potential without lingering on the jitter-bugs from our past!

And folks, you can’t beat an expert in their field who’s “smoking what they’re selling”!!!

So, let’s just say Denise is CLEAR proof of this! Soon you’ll hear just how well her money story’s working out for her, and how you can steal her secrets to success!

Before we crack open the gold, if you’re looking for Julia Hartman’s “Property Tax Pack” that we released last week, you can DOWNLOAD the full Property Tax Q&A from Ep 226 & 228 HERE.

Also, Denise has kindly gifted us a copy of Get Rich, Lucky Bitch AND her newly-released, Chillpreneur, so if you’re keen to be the Lucky Winner of BOTH BOOKS — tell us your #1 Money Block for your chance to win!

Here’s what you’ll learn in today’s episode…

How did she come up with the title, Get Rich, Lucky Bitch?
What’s the backstory behind the book?
How can beliefs about money shape the way you manage money?
What’s the very first thing we learn about money?
What happened in Denise’s 20s?
How can you work out if you’ve learnt negative money lessons?
Why do you need to explore what motivates you?
When did Denise’s fascination with money first start?
What were Bryce and Ben’s money beliefs growing up?
What’s the guy who created Twisties got to do with all this?
Is the “work hard” hustle culture really serving us?
What holds people back from achieving their wealth goals?
What are the problems with generational wealth?
Which generation is more likely to lose it all?
What’s Denise’s quote when it comes to money? 😉
How can you teach your kids about money?
Why is the amount of money you earn NOT the main priority?
What has Denise learnt from investing in property?
How many types of “money personalities” are there?
Which money personality do YOU have?
What day brings up a lot of money blocks for people?
What does breaking and rebuilding money habits looks like?
Can affirmations help make you money?

53 | The MoneySMARTS System

By The Property Couch March 3, 2016 in Free Resources, Podcast

By now, our listeners should understand the importance of good money management habits. It is the core of building a successful property investment portfolio and has been reiterated multiples times throughout this podcast.

Since Episode 3, as part of the Four Pillars of Mastery, Bryce and Ben have talked on various occasions about Cash Flow Management and the flow of money in your household. This includes where money comes from, types of spending and types of investments for your surplus.

In Episode 41, they talk about the moving parts of cash flow management – otherwise known as the money and accumulation model. This model looks at variables and assumptions to consider when you’re modelling sophisticated money and wealth outcomes.

On page 58 of the Armchair Guide to Property Investing, they introduced the MoneySMARTS system. It’s a money management system where SMARTS stands for Surplus, Mindset, Application, Resources, Timelines and Strategy.

The book provides an overall summary of each section and also some tips on how you can set up this account structure yourself. But we’ve received some feedback that our readers would like us to explain this in more detail so that is exactly what Bryce and Ben have done in this episode.

As an extension of the MoneySMARTS system, we are also sharing a “cheat sheet” on which account to use for different types of expenses. Just fill in your details below and we’ll send you the link to download it.

NEW Update:

Since this episode was produced, we’ve created a free online platform called Moorr and a book (now a bestseller) called Make Money Simple Again to help our community implement MoneySMARTS better. Make sure you check the app out and claim your free copy of the book!

Free Stuff Mentioned

The Questions We Answer

Free Resources Mentioned

Here’s What We Cover…

[REVEALED] The Money Saving Hacks The Banks Don’t Want You To Know About —- Free 3-Part Video Series

NEW Update:

Instagram

Free Resources

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MONEY SMARTS SYSTEM