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316 | From 12 Bank Accounts To A Sigh Of Relief! – Chat with Renae

By in Podcast, Real life stories, Summer Series

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Yep. She once had TWELVE bank accounts open… but now her money management story looks very different indeed!

Joining us today is listener Renae Brandsema… and we’re about to unpack how she said goodbye to financial stress once and for all.

Because what’s interesting about Renae is she has known what money is like as a stressor – and she’s previously tried to control this stress by counting every single dollar that went out the door – which at face value might seem like it’s smart money management, but in actual fact does more harm than good… often contributing (or perhaps even causing) the stress in the first place!

We mean… Can you even imagine trying to manage all those bank accounts!?!

Thankfully, Renae has a very different relationship to money now… and while she’s kept some of her positive money habits – like being frugal when it comes to “wants” versus “needs” – she now knows what it’s like to be in REAL CONTROL of her money.

… And with that comes the best reward – Financial Peace.

Tune in now to hear how Renae took total control back of her money management (and got rid of all those accounts 😉)!

 

Free Stuff Mentioned…

 

Here’s What We Cover…

  • 02:53 — Meet Renae and her money background…
  • 07:12 — What’s she like with shopping?!
  • 07:50 — What’s “holes in socks” got to do with all this?
  • 09:47 — The transition to marital life…
  • 11:00 — Who handles the money in the relationship?
  • 11:49 — What were the early years of managing money like?
  • 12:38 — 12 bank accounts!
  • 16:30 — The reconciling system…
  • 18:36 — What was causing all the money stress?
  • 19:39 — What triggered her to look for a different system?
  • 23:01 — The “A-ha” moment…
  • 24:40 — The biggest change (and how it impacted Renae’s husband)
  • 30:19 — The Money Transformation!
  • 31:23 — What was the property planning process like?
  • 35:07 — Why does Renae think you should use Money SMARTS?
  • 26:39 — What does their weekly “kitty” look like?
  • 39:40 — #1 Tip for paying for petrol!
  • 44:08 — How long does their monthly check up take?
  • 46:39 — How to get The Big Rock in The Jar…
  • 53:53 — What do you do with business profits inside the MyWealth Portal?
  • 55:36 — What do we think about financial education in schools?

 

 

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

Keen to Get Started with Money SMARTS like Renae?

Fill in the form below and create your account on our Money SMARTS Platform now!

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315 | How A Paper Round Paved The Way To A Passive Income – Chat with Brendan

By in Podcast, Real life stories, Summer Series

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Today we kick off the first episode of our Summer Series – that is, we’re showcasing REAL LIFE MONEY TRANSFORMATIONS!

And there’s no better place to start than with Brendan Deith, who took humble beginnings as a paperboy to ignite money habits that would go onto pave the way to a passive income for life!!

And Brendan’s journey has indeed been an endless ripple effect – from learning good money management early (thanks to his paper round & his parents sound money management conversations around the kitchen table) right through to the ULTIMATE OUTCOME – Financial Contribution.

There’s a few tweaks and tips along the way too… so strap yourselves in folks ‘cos you’re in for a feel-good episode with solid takeaways that you can go ahead and implement in your own life too!

Psst… just wait to you get to the part about “The Classroom Economy” – it’s game-changing!

 

Free Stuff

 

What We Cover…

  • 05:38 – Brendan’s Backstory
  • 08:30 – The Drum set that kickstarted healthy money habits…
  • 09:57 – What was his parents’ “extra” jar?
  • 11:09 – The award saver account (paper round money)
  • 12:18 – What was Brendan’s original budgeting system?
  • 14:27 – The first property
  • 16:17 – How did having a buffer help with the mindset?
  • 17:48 – BEFORE Money SMARTS…
  • 18:58 – AFTER Money SMARTS…
  • 24:26 – The Ripple Effect of spending habits
  • 26:22 – What does Brendan most enjoy about Delayed Gratification?
  • 27:44 – How & When did he discover Money SMARTS, anyway?
  • 29:44 – Unique Ways to get your essential spending down…
  • 30:38 – How does Brendan navigate provisions?
  • 31:34 – Why has he NEVER done the 7-day float?
  • 32:13 – Using a credit card for everyday spending (Who should & Who absolutely should NOT?)
  • 33:32 – Is Brendan’s wife equally on board?
  • 24:17 – The Best Advice They Ever Got!
  • 35:17 – What are they doing with the trapped surplus?
  • 35:37 – What’s their Passive Income target?
  • 37:33 – Getting Property Investment Advice and getting an answer to this question: “How many properties do we actually need?”
  • 39:41 – How does he feel about getting into debt?
  • 41:09 – The first investment property…
  • 43:75 – The Two Journeys You’ll Almost Always Take To Reach Financial Peace
  • 45:04 – Brendan’s “Classroom Economy” that teaches kids about money…
  • 50:42 – Money SMARTS Hack
  • 52:53 – Brendan’s Question for us… Do you plan for an increase material (and labour) cost for renovations

 

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

Keen to Get Started with Money SMARTS like Brendan?

Fill in the form below and create your account on our Money SMARTS Platform now!

Already have an account? Log in here.

 

 

 

284 | Kyal & Kara from The Block – How To Renovate, Raise Kids, Run A Business & Not Lose Your Mind in the Process

By in Podcast

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“Kyal & Kara” Demmrich became household names after the humble chippy & physio joined The Block back in early 2014 for their Fan Vs Favs series. And when that popular reality program was over, the courageous renovation-lovers decided to do it ALL again – this time on Reno Rumble in April 2015!

And now, with their own successful Design & Construction business, Diverse Design & Build, and tackling their own Renovation Series, Kyal and Kara are a near-perfect example of what it’s like to renovate, raise kids, run a business and not lose your mind in the process!

In fact folks, we’ve ‘gotta hand it to them – this couple is remarkably positive, healthy and staying ahead of the game!!

And guess what’s even more surprising? We actually interviewed them during “The Week They Never Want to Repeat!!”

So. What’s their secret?

And what Renovation Tips could the rest of us benefit from?! (Maybe BEFORE you “do a Ben” and challenge your sanity be renovating the family home!

 

Free Stuff Mentioned

Free resources: ABCD during Pandemic

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What we cover in today’s episode…

  • Life “Before The Block”– What was Kyal & Kara’s first ever renovation?
  • Applying for The Block – The audition and interview process
  • What was it like to have a camera crew following you around for 3 months straight? (And how did it feel when it was all over?)
  • Kyal & Kara’s Backstories – What was money and the Property Story like growing up?
  • Why did they decide to do it all again so quickly?
  • What was the Bad Side of being in the spotlight?
  • What was The Planning Process like when turning around a room in one week? (Did they get help from the producers of The Block?!)
  • What’s the deal with Kyal nailing his hand to the wall? (ouch!)
  • How did the find their current renovation project?
  • Top 3 Tips to Survive a Reno!
  • Accidents & Mishaps and things NOT to do when renovating?
  • What’s the “rule of thumb” of renovation costs per metre?
  • Is the goal to Renovate & Sell or Renovate & Accumulate?
  • How do they keep their mindset in check?
  • How has COVID-19 impacted their current life? How have they pivoted?
  • Importantly: What’s the secret to renovating, raising kids, running a business and NOT losing one’s mind in the process?

 

p.s. Here’s a quick snippet of the nail accident! 👇

p.p.s. And here’s a behind the scenes view on our recording 👇

 

 

 

241 | 12 Steps To A Profitable Property Development – Chat with Peter Koulizos

By in Podcast

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Raise your hand if you’re curious to hear the profitable, 12-Step Process to Property Development…?

Now, keep it there if you’re already a developer, or you’re keen to give property development a crack yourself or, hey, maybe you just wanna build on your property investment knowledge before you lock yourself into anything?

Righto then folks, if your hand’s UP, then this episode was tailor-made for you!!

‘cos today we’ve dragged the big boss back into the studio — Mr Peter Koulizos!! And he’s about to unpack some of his best stuff on property development!

For those who haven’t yet been privy to the Property Professor’s gold on gentrification (EP 30 and EP 47) or the Five Golden Rules of Property Investment (EP 030) or his most recent episode on negative gearing (EP 204)…  it might come clear to you now that our good mate Peter Koulizos — Chair of Property Investors Council of Australia (PIPA), property developer, specialist in property valuation and economics (with a teaching degree, a Graduate Diploma in Property and a Masters of Business – Property) —  is a SERIAL Coucher and one of Australia’s leading property investment experts whose opinion we greatly admire J

Sure, he’s got all the qualifications and skillset, but he’s also got invaluable, in-the-trench experience, ESPECIALLY when it comes to property developing… and not just a little bit, mind you folks… a WHOLE LOT of it!

So… let’s just pick the Property Professor’s brain, yeah?

He was in town, so we’ve dragged him back in to the studio!

Resources mentioned…

The TOP FIVE Highlights…

  1. The Framework to Figure Out if Developing is (or absolutely isn’t) For You
  2. The 12 Steps To a Profitable Property Development (and what to look out for during each step!)
  3. The Gross Profit You Should Aim to Get BEFORE Embarking on A Development Project (incl. the “worst case scenario” profit)
  4. The Difference Between Planning Approval And Building Rules Approval
  5. The Lenders That Have An Appetite for Financing Developments Right Now

Get Noteworthy Answers On…

Quote of The Day

“You don’t want to go from Zero to Hero.

You don’t want to know nothing about property straight to property development!”

– Peter Koulizos

 

 

 

 

240 | Is Now The Right Time to Buy a High Rise Apartment? – ft. Bonus Q&A

By in Podcast, Q&A

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Folks, things sure have been heating up in the high rise apartment space recently and we MUST address a seriously important question, for property investors and home owners alike…

Should you be considering buying high rise apartments in the wake of some very high profile cases revealing significant issues??

We’re talking about the high-rise apartment evacuations that’ve been happening our main centres due to building defects — Opal Tower, Mascot Tower, LaCrosse apartments and Neo 200 —which have resulted in cracks to main structures, severe and unsafe water damage, FIRE (such as the cladding fire in Melbourne’s CBD) … all things that we can all agree are very problematic. Not to mention are also leaving a fair few folks homeless, out of pocket and fed up!

So, not only are you likely to struggle to get a return from high rise apartments, it’s evident that some (we’re definitely not saying all here) may pose a safety risk as well.

But if 1 in 5 wanting people are actually WANTING to live in apartments (which is up from 1 in 7 in the 1990s)…. it can definitely be argued that there IS a growing demand for one/two bedroom living… the question is… What should you be considering (and avoiding!) if you are wanting to invest in apartments?

And when it comes to high rise buildings, has the landscape well and truly changed?

… We’ve thrown in a Bonus Q & A to answer your specific apartment Q’s too, folks!!

House Keeping…!

We’re working on a brand new Podcast Picture (thumbnail) and we reckon we’ve got it down to two…  can you please Tell Us Which One You Like Most – Option A … OR …. Option B (both on our Facebook Page)

Favour WANTED from Long term listeners (please!)….

Folks, we’re doing a shameless shout out for selfies!!! Yep.. this is the brief: if The Property Couch has changed you or the way you invest, or your money management or has helped you in any way,  can you please record a selfie video of 60 seconds or less to let us know?? The reason we want these is to put the word out there, grow our community and ultimately help other folks avoid bad property decisions!!

Send Your Video Testimonial to [email protected]

Resources Mentioned…

Bonus Q & A on Apartments  

Question from Keren

What do I do with the apartment I bought prior to finding your podcast?? 😂😂😂

Question from Sabrina

I want to know if it’s worth buying an Off the Plan townhouse in Deanside (next to Caroline Springs in Melbourne)  3 bedroom townhouse, no body corp, under $390k

Question from Jake

Things to consider in regards to the sinking fund and if or how can the body corporate request to raise money from owners for certain issues? 
Keep up the good work ✌️

Question from Rory

Have an old apartment built around 60’s. Bought it in December 2013 since then I’ve put in new carpet and vinyl. Should I get a deprecation schedule in it?

Question from Tania

What are some of the unexpected costs of buying/holding an apartment?

Question from Nicholas

How do you determine capital growth on an apartment if you are the second purchaser assuming that the original price has been inflated for developer costs and not an accurate figure?

Question from Sonya

With a budget of 700 to 800k. I would like to know if an apartment (not brand new) in Moonee Ponds is a better buy than a house on a 700sm size block in Glenroy, as a comparison apartment vs house. Thank you.

Question from Bryan

 Is it safe to buy now in Brisbane apartments give lots of the newer builds have dropped 20% in price？Or do you think that is still overpriced？

Question from Laura

I want to know if it’s worth buying an apartment as an investment vs a house.

Question from Marah

Whether the ugly 60s / 70s brick monsters are a good investment how to protect yourself in an Opal tower situation…

P.S. Looking to get a free copy of Susan Alberti’s book, The Trailblazing Story of Susan Alberti – The Footy Lady? Click here and tell us which part of Susan’s story had the most impact on you! (ends on July 17th!)

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