X

Fear/Procrastination vs. Greed – The Balancing Act

 

As promised in Episode 29 – Common Mistakes when Investing in Property, here’s Ben’s short video on fear and procrastination vs greed when investing in property. One of Ben’s favorite Warren Buffet quote is “Be greedy when others are Fearful and be Fearful when others are Greedy”. Following this quote, Ben explains how this apply to investors as well.

Start watching this video to learn more.

 

 

 

Ben Kingsley - Quote of the Day - The property couch Ben Kingsley – CEO & Founder; Property Investment Analyst and Advisor and current Chair of PIPA

Ben Kingsley is the Founding Director of Empower Wealth and Chair of Property Investment Professionals of Australia (PIPA). A qualified Property Investment Advisor (QPIA), Ben holds a Real Estate Agency License (QLD), a Diploma of Finance and Mortgage Broking Management, a Diploma of Business and has become one of Australia’s leading experts in property investing for wealth creation.

024 | Seven Habits of Highly Effective Property Investors

Drawing from Stephen Covey’s book and as promised in the previous episode (Exit Strategy in Property Investment), this week our hosts talk about the Seven Habits of Highly Effective Property Investors. Some of our listeners have asked us before about having the right mindset when investing in property and this episode sort of ties in with that. Bryce and Ben lists out the seven habits that Dr. Covey talks about and explains how we can use it in property investment.

The first habit is to be proactive. As Bryce mentioned in the podcast, you won’t achieve Financial Freedom unless you take a step forward to make it happen. It is not going to happen by osmosis or by default. You need to get off your chair, overcome some conditioning and take action. Bryce and Ben will also be sharing some of the stories from the own personal journey as an investor and an advisor. Listen to the podcast to find out more.

 

Free Resources mentioned in this podcast:

 

If you like this podcast: “Seven Habits of Highly Effective Property Investors”, don’t forget to rate us at our iTunes channel (The Property Couch Podcast) and our Facebook page. If you have any questions or ideas, feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/

Money Magazine – Earn $2500 a Week at Retirement

Money Cover Story - March 2013 - The Property Couch earn 2500 a week at retirementAs mentioned in Episode 20 | Science of Asset Selection – The Buyer’s Decision Quadrant, here’s the article that Bryce wrote on Money Magazine: Earn $2500 A Week at Retirement in March 2013.

 

Here’s a snippet of the article:

How often have you found yourself picturing a retirement where you’re enjoying regular overseas holidays, spending your spare time with your grandkids and leisurely filling up your days doing all the things you love? We all have but we’re brought down to earth quickly by reports suggesting there won’t be enough money for a comfortable retirement. Perhaps even worse, some of us will have to work much longer than planned.

So the idea of creating a $2500-a-week passive income for a life in retirement free of debt ($130,000pa in today’s money) could be thought a stretch of the imagination. This would put you in the highest bracket of retirement earnings in the country and, according to the latest census (2011), would provide you with more than double the average total household income of $63,960.

The goal is achievable

Nevertheless, after looking at three typical households – a late-20s single, a mid-30s couple with two young children and a mid-40s couple with two teenagers – that have never invested in property, and carefully considering if it’s possible to achieve this passive income of $2500 a week, it’s exciting to know it can be done with low to moderate risk and potentially minimal impact on their current standard of living.

The big question is, how?

 

Click on the image to Download the article.

019 | Four Ways an Investor will Pay

So we’re saying…. swimming pools are bad?!  

Building off last week’s episode on the advantages of using a Buyers Agent, we’re looking at the 4 ways an investor will pay… 

  1. Buying the wrong _____  
  2. By falling into THIS habit  
  3. By ____too much  
  4. By acquiring THIS information  

We’ll be explaining why swimming pools can mean trouble for investors…  

(Just like Bryce’s elevator situation from his first investment – listen in so you don’t make the same mistake!)  

 Sharing personal experiences and client stories AND delving more into how the Property Investment Professionals of Australia (PIPA) can help provide credible advice!  

Now, it’s up to you which way you pay (hint: We think you’ll want the fourth option), but we’re unpacking what each method will mean over the long term.   

PLUS we’re highlighting WHERE you should avoid having an ego explosion and linking it to lessons learned in previous episodes.  

Is this the first episode you’re listening to? We recommend going back to the start and listening on 1.2x speed – we promise it’ll help you build your knowledge waaay faster!  

But if you’re up to date – congrats! Tune in now to best understand your options when buying a property!  

 

Also, The Property Couch is hoping to get nominated for the Investor’s Choice Award 2015 for the category: Property Educator/Mentor. We would like to spread the word on the podcast so that we can help more people avoid making bad investment choices and avoid buying the wrong asset!!

So if you think we are doing a good job, please do nominate us here.

Our details for nomination:InvestorChoiceAwards

Name of the Organisation: The Property Couch
Name of the Person you deal with: Bryce Holdaway and Ben Kingsley
Suburb: North Melbourne
State: VIC
Phone number: 03 9326 8900
Email address: [email protected]

 

Free Stuff Mentioned:  

  • Summary Video – Four Ways a Property Investor will Pay
  • RBA July 2015 Announcement
  • Check out the Property Investment Professionals of Australia (PIPA) to verify the professionals you’re working with!
  • Just starting your property investing journey? Check out our FREE Binge Guide to the Foundations of Property, Finance and Money Management, which show you which episodes you need to understand the basics! Or fill in the form below and we’ll email it to you right away.

    • Are you also interested to have a better understanding of your cashflow position via our FREE Money SMARTS Platform?
    • This field is for validation purposes and should be left unchanged.

 

Here’s some of the gold we cover…

  • 2:02 – The 4 ways on investor will pay… 
  • 2:45 – #1: Buying the wrong ______  
  • 3:20 – When you’re talking about return on investment, you’re REALLY talking about… 
  • 6:47 – Why swimming pools can be bad for investors  
  • 10:37 – Two personal examples from Bryce  
  • 13:08 – Don’t be like these investors!  
  • 15:23 – #2: By falling into THIS habit   
  • 16:42 – We hear this WAY too much… 
  • 18:29 – #3: By ____ to much  
  • 19:20 – Don’t let your ego get in the way during this time!  
  • 20:25 – #4: By acquiring THIS information   
  • 21:17 – Why you should ask for qualifications folks  
  • 23:09 – How PIPA can help verify the professionals you’re working with 
  • 24:39 – Check out these other FREE resources!  

 

Four Ways a Property Investor will Pay

 

With all the educational materials from this podcast to articles and videos that Bryce and Ben provides, a lot of property investors have an impression that we are encouraging them to DIY when it comes to investing in property. The fact is, we are not. Instead, what we are hoping to achieve is to raise awareness on how the industry works and help investors understand the process more and hopefully, when their advisor consulted them on an issue, the investors would make a better decision. So in this video, Bryce explains what are the Four Ways a Property Investor will Pay. Start watching it today.

 

 

 

Bryce Holdaway - Quote of the Day - The Property CouchBryce Holdaway – Partner, Property Advisor & Buyers Agent

As co-host of The Property Couch, Bryce Holdaway is also a partner at Empower Wealth and Co-Host of Relocation Relocation Australia and Location Location Location Australia on Foxtel’s Lifestyle Channel. A qualified Buyers Agent and Financial Planner, Bryce holds a Bachelor of Commerce (Accounting), Real Estate Agent License and Diploma in Financial Services (Financial Planning).

 

Instagram

Free Resources

What to be notified when there are
new updates & free resources?

  • This field is for validation purposes and should be left unchanged.

×

MONEY SMARTS SYSTEM

Plus We Will Also Notify You When We Release New Episodes

We Only Send You Awesome Stuff

×

SUGGEST A GUEST!

We Only Send You Awesome Stuff

×