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Money Magazine Cover Story – Rentvesting

Money Magazine - March 2016 Cover PicInterested in Rentvesting?

Just fill in the form below to start downloading the Rentvesting cover story as published in Money Magazine.

For those of you who have stumbled on to this post, do check out Episode 59 where Bryce & Ben discuss this investment strategy in detail.

We’ll also send you a second bonus article detailing how rentvesting can be the best of both worlds, especially for first homebuyers!






 

492 | The Hidden Cost of Get Rich Quick Schemes

 

What would you do if you worked 16-hour days on the road and were utterly exhausted the few days you were home? With a family to care for and a past of previous divorces, you’d probably want to change your lifestyle. 

But what if it’ll cost you $42,000 A YEAR? 

Or, what if you’d made the #1 biggest investing regret of your life in a get-rich-quick scheme and had lost half a million dollars?! How would you recover and get back on track towards a comfortable retirement  

In this Case Studies episode, we’re mapping out two plans for two couples (names have been changed for privacy 😊) whose stories testify to the fact that there is no one “right” way to invest in property. 

Psst – we bet you’ll be intrigued by the unexpected turn of events in Case Study #2. It’s a reminder that the path to financial freedom often involves tough reality checks to see new opportunities.   

It’s an inspirational episode that holds many cautionary tales, tune in now to avoid falling into the same traps!   

   

Free Stuff Mentioned

Timestamps

  • 0:00 – The Hidden Cost of Get Rich Quick Schemes 
  • 1:22 – Even the sun shines once 😉 and a message from Kurtis  
  • 5:23 – Thank you for all your feedback!  
  • 6:31 – The magic in “Sliding Door” moments  
  • 7:49 – Mindset Minute: Grant Mayo on how to figure out if you should buy it!  
  • 11:01 – Don’t listen to our pod if you love flashy cars 😉  
  • 12:43– Case Study #1: Not All Lifestyle Design Is Measured In Dollars 
  • 15:22 – The Problems: Past divorces and a $42K pay cut?! 
  • 18:43 – The Power of Automobile University  
  • 20:28 – Moorr: Brand-new insights to track the impact of your offset on your total debt levels! 
  • 22:04 – “Investing isn’t just for rich people” 
  • 24:09 – The Plan: How James will get his energy and life back while paying off the mortgage 
  • 29:04 – Buying for $600k in 2028: But why don’t they act NOW?  
  • 31:53 – Risk profiling, recency bias & the perfection solution  
  • 35:09 – The hard work behind the scenes  
  • 40:12 – Results & 5 key takeaways  
  • 43:34 – Case Study #2: The True Price of Get Rich Quick Schemes 
  • 46:07 – His #1 biggest investing regret  
  • 50:20 – They were unclear on THIS important knowledge  
  • 54:04 – The fears & their penny-drop moment 
  • 55:51 – The Plan Pivot: The dream home was not feasible?? 🙁  
  • 1:02:13 – “Sometimes healing comes from bringing the darkness into the light, in a place of trust”  
  • 1:04:02 – The Result: Debt free 2 years before retirement 
  • 1:09:26 – Is it time for your engine check?  
  • 1:11:19 – The Modest & Comfortable budget needed in retirement 

And… 

  • 1:13:32 – Lifehack: How much does it cost a day to blow $10K in a year?!  
  • 1:14:55WMPN:  46% of Commonwealth Bank’s customers in 2023 were from THIS generation 😮  

Rentvesting – Is Rent Money Dead Money?

Note: This episode is a re-run of one of our older episodes. It originally aired on 14th April 2016 😊  

In today’s episode, we tackle the increasingly popular strategy of ‘rentvesting’.  

As we see soaring property prices in major urban hubs, the dream of homeownership seems further out of reach for many. But is there a savvy way to balance that dream with reality? 

Enter ‘rentvesting’  where you rent in the place you love…and invest where you can afford. 

Rentvesting is a smart solution that can offer freedom, tax perks, and a wealth-building shortcut, but can you handle the emotional trade-offs?  

 

Free Stuff Mentioned











Previous Episodes/Guests Mentioned

Margaret Lomas 

  • Ep 150: How This Mother of 5 Turned $80,000 into a Multimillion Dollar Property Empire 
  • Ep 216: Everything You Need to Know to Invest! 

 

Timestamps

  • 0:00 – Rentvesting – Is Rent Money Dead Money? 
  • 4:47 – How did rentvesting come about? 
  • 7:31 – Real life case study 🔍 
  • 10:51 – The pros & cons of rentvesting 
  • 23:44 – Our views on negative gearing 

 

I Bought the Wrong Property; What Should I Do Now?

Note: This episode is a re-run of one of our older episodes. It originally aired on 2nd July 2020 😊  

In this week’s episode, Bryce and Ben answer 10 listeners’ questions! 

With practical advice on property selection and analysis, this episode is your guide to navigating the intricacies of property investment in Australia. 

If you have a question, leave us a message here!  

If we answer it on the podcast, you’ll get FREE access to our Start & Build Workshop (usually retails for $497!!). This online course is a deep dive on the foundations, framework and everything else you need to know on how to build your very own property portfolio. 

  

Free Stuff Mentioned

 

Previous Episodes/Guests Mentioned

  • Peter Koulizos 
    • Ep 241: 12 Steps to a Profitable Property Development  
  • Jane Slack-Smith 
    • Ep 61: Property Education and Renovating for Profit 
    • Ep 213: How to Adjust Your Renovation Strategy 
  • Naomi Findlay 
    • Ep 188: What’s Renovating Got to Do with Dating? 
  • Household names from The Block 
    • Ep 110 (Part 1) & Ep 110 (Part 2): Meet Frank Valentic from The Block! 
    • Ep 132: Josh & Jenna – This Bickering Couple and their Tiny House Movement in Australia 
    • Ep 284: Kyal & Kara – How to Renovate, Raise Kids, Run a Business & Not Lose Your Mind in the Process 

 

Timestamps

  • 0:00 – I Bought the Wrong Property; What Should I Do Now? 
  • 5:56 – Proposal submission for review of WA tenancy laws [Editor’s Note: The review has since concluded; June 2023 update here]. 
  • 9:43 – Mindset Minute: Be coachable!
  • 15:20Q1: I want to buy in a location I love and am familiar with, but it is poorly diversified. How do I mitigate the risks? 
  • 22:10Q2: How important are historical growth rates?
  • 29:15 Q3: I want to invest interstate. Should I look for a local Buyer’s Agent or one who operates nationwide? 
  • 30:39 – Our sister company wins an award! 
  • 41:29Q4: Is it better to prioritise high yield or high growth?
  • 46:45Q5: Should I move into my rental property? 
  • 52:52Q6: Is it worth getting an average property in a good suburb if I’m planning to hold for the long term? 
  • 57:18Q7: Thoughts on buying Defence Housing Australia projects? 
  • 1:03:18Q8: What do you think about active investing – buying to subdivide, fixer uppers, etc.? 
  • 1:07:02Q9: I bought a ‘House and Land Package’ before I was educated. What can I do now to ensure growth? 
  • 1:10:18Q10: Is putting a granny flat out the back a good idea when retiring out the debt? 
  • 1:11:55 Sort out the basics of money management before you invest! 

 

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