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338 | Going Ape S#!t: How To Hack Your Brain To Make More Money – Chat with Phil Slade

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What if we told you there’s a hidden part of your brain that controls your financial decisions… even if you believe you’re the one calling the shots!?!

Folks, today we have a very exciting episode in store for you (Ben’s in his absolute element!) that’s about to reveal how to hack your brain to make you more money!

Here’s the reality… despite our best intentions, we DON’T make decisions out of spreadsheets – we make decisions out of emotions!

And this is where Behavioural Economics comes in.

That is: the study of the “how and why” behind our financial and property choices. The “Oh, yeah, I’m actually a human!” stuff that deeply influences our choices and the economy at large.

Fun Fact: This is the EXACT same study we used to make the correct judgement call way back in March last year (when COVID panic was at its peak!) that the property market was NOT going to fall off a cliff despite the scary economic predictions out there.

… And it ALL comes down to understanding human behaviour!

Joining us today is Behavioural Economist and Psychologist Phil Slade – the author of “Going Ape S#!t” , Founder of Decida and regular contributor to Money Magazine.

Phil makes neuroscience simple, interesting and FUN by highlighting irrational ‘blind-spots’, increasing awareness of cognitive biases that influence perception and behaviour, and inspiring people to become less reactive, and more responsive!

And he’s going to fill you in on a little thing called “The Ape Brain” and how you can tame it with a simple framework that’ll get you making better financial decisions, winning at auction (or walking away so you don’t pay too much!) and delaying gratification in a way that doesn’t trigger dread or make you feel like you’re missing out in the present moment.

Strap yourselves in folks — ‘cos no word of a lie: nail this, and you’re pretty much set for life. (Money is Simple… Behaviour is Hard, right!?!)

 

Free Stuff & Resources Mentioned 

 

Here’s what we cover…

  • What factors are studied in Behavioural Economics?
  • Behavioural Economics vs Classical Economic Theory (note: don’t stress, this is a palatable explanation 😉)
  • How much of the population applies this stuff to their decision making around finance?
  • How did Phil get into this field, anyway?
  • 3 Simple Ways To Apply Behavioural Economics To Your Finances!
  • How much of your income should you save?
  • What is Cognitive Bias and how does this shape your relationship to money
  • How To Tame Your Ape Brain So It Doesn’t Steal Your Money!
  • What’s the #1 Killer Of Financial Independence!?!
  • Why does the gap between your “Real Self” and “Presentational Self” have such a significant impact on your choices?
  • Why is Afterpay so dangerous!?!
  • Who are Amos Tversky and Daniel Kahneman? (And why should you care about them!?!)
  • The Dunedin experiment: What it teaches us about human behaviour!
  • Is all emotion BAD?
  • Practical Application For Property Investors!
  • How can you tame your ape in an auction environment?
  • What is “Loss Aversion” & “Endowment”?
  • Right… how can we HACK our brain to make us more money!?!

 

 

RBA May 2021 : When What Gets Better, Gets Better!

By in Podcast, RBA Announcement

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The verdict is well and truly in — when money is cheap, the world goes around faster. We’re basically seeing that show up now. The other important news is around inflation – and we’re going to see this word, “transitionary” as the new buzzword. And… positive economic data is everywhere. Let’s dive deeper into this month’s RBA!

This video features Ben’s update on the Reserve Bank of Australia’s cash rate, and as always, he’ll be unpacking the economic and political update around the world and within Australia too.

 

Plus, Ben also includes his latest news and commentary on…

👉 United States GDP, Jobs Market, Housing Market and more!
👉 The IMF Latest World Economic Outlook – Find out more here
👉 What are the positive economic indicators for Australia?
👉 Why is the RBA so fixated on inflation?
👉 How’s the Australian Housing Market looking like?

 

 

Additional free resources:

If you’re looking to buy at the moment, make sure to check out our Mini-Series!

🔥 Episode 325 | The Step-By-Step Process To Win In A HOT Property Market – Part 1

🔥 Episode 326 | How To Win In A HOT Property Market (Part 2) – The Step-By-Step Process!

🔥 Episode 327 | Winning A HOT Property Market (Part 3) – The Step-By-Step Process!

 

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

DISCLAIMER: This podcast is general information only and is an opinion comment by Ben Kingsley. The information contained in this video is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential viewer. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. No investment decision or activity should be undertaken on the basis of this information without first seeking qualified and professional advice.

The Property Couch, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warranties or guarantees. The Property Couch disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it.

For more information, please visit: http://thepropertycouch.com.au

 

 

 

 

 

 

Episode 336 | Is Price Growth Over? 7 Signs Growth Is Slowing – Chat with Tim Lawless

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Is the property market showing signs that growth is SLOWING?

Well, according to Tim Lawless, Head of Research at CoreLogic, it IS – and there are 7 tell-tale signs it’s happening!

That’s right. Joining us today is CoreLogic‘s executive research director for Australasia and indeed one of Australia’s leading property market commentators – and Tim’s noticed quite a few interesting trends in the data that reveal a SLOWDOWN on the strongest growth conditions we’ve seen since the 1980s!

So… is price growth over!?!

And what are the seven signs that suggest capital growth might be changing pace?

 

The 7 Signs…

    1. CoreLogic Home Value Index is already indicating __ __ __ __ __ __ __ __
    2. Lower __ __
    3. Rise in __ __
    4. A lift in __ __ __
    5. Negative __ __
    6. Less __
    7. High __ __ __

 

Free Stuff Mentioned

 

Here’s What We Cover…

02:18 – Will legislation changes in Victoria affect Airbnb properties?

04:15 – Full Summary of How To Win Friends & Influence People!

07:01 – Meet Tim!

08:04 – Was Tim surprised how much the market bounced back?

09:42 – Why is the housing market so important for Australia’s economy?

11:51 – Why do we generally see the government supporting property when there is a downturn?

13:37 – The Multiplier Effect & The Wealth Effect…

14:43 – What’s the biggest barrier to the property market?

15:04 – Does Treasury and Government look at the risks of LVR’s and overall debt?

15:36 – The 4 Key Metrics APRA Monitors Very Closely…

16:15 – Will there be credit tightening coming soon?

18:23 – What would this credit tightening look like?

20:53 – The 7 Signs the housing market is moving through peak growth…

21:39 – What’s the catalyst that normally causes a slowdown?

23:56 – Sign #1 – What’s the hedonic value measuring?

26:47 – Which capital cities are showing this slowdown (and which ones AREN’T)!?!

27:01 – Is this a DOWNWARD trajectory… or just a slowdown in growth?

29:44 – Sign #2 – What’s happening with Auction Clearance Rates?

32:17 – Sign #3 – What’s rising?

34:08 – Sign #4 – What’s lifting that’s contributing to the slowing growth?

35:50 – What’s happening with high rise developments?

36:05 – Unit oversupply: What’s going on?

36:40 – How many investors buy mid to high rise apartments?

38:04 – When will inner city apartments bounce back?

39:05 – If there’s not as many investors in the market, will APRA still need to intervene?

40:20 – Why is the level of household debt so closely monitored?

42:10 – Serviceability assessments…

42:38 – Sign #5 – Negative Population Growth… let’s unpack it!

43:17 – How have property prices grown WITHOUT population growth, anyway?

46:39 – Sign #6 – When Fiscal Support gets taken out of the economy…

49:05 – Why does the government offer grants for NEW properties, not existing?

50:54 – Sign #7 – Where Housing Affordability Comes In…

52:21 – How long does it take to save a deposit across the different states?

56:48 – When was the last time we saw all markets rising like we have?

58:04 – How is CoreLogic measuring the shift to regional markets?

 

And

1:02:10 – Key Takeaway from the episode…

 

 

(LIVE) The Early Warning Sign: Where Most Investors Go Wrong With FOMO!

By in Free Resources, Podcast

Do you recognise this early warning sign!?!

Yep. Straight from the studio, we’re unpacking “The Early Warning Sign: Where Most Investors Go Wrong With FOMO!”

We’ll be honest with ya folks… this one’s a killer. ☠ And will cost you a LOT of money!

So if you can hear this warning bell (and you should be able to hear it a mile away!)…  STOP. 🛑✋

Like, immediately Stop.

… ‘Cos chances are you might be acting out of FOMO – Fear Of Missing Out.

And this is NO reason to invest in property!!!

🚫🚫🚫


Here’s just a bit of what we cover:

👉 What’s “The Early Warning Sign” most investors foolishly ignore!?!
👉 How many properties do you need to create a passive income?
👉 How to invest without sacrificing the family budget!
👉 The lending tweak that will allow you to easily service multiple home loans
👉 Established vs New Property
👉 Borderless Buying: What is it & should every property investor be a borderless buyer?
👉 Interest Only vs Principle & Interest Loans
👉 Is now a good time to buy property?
👉 The biggest tip to avoid FOMO!
👉 What do some of the BEST investors have to share?
👉 The Power of Land Value: The Recent Property That Got 13 – 14% Compounding Returns!

 

… Tune in now to get the gold!

 

Resources Mentioned:

 

Episodes Mentioned:

 

 

 

 

 

 

 

 

 

335 | The Four Types Of Wealth

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

As mentioned in today’s episode… 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 only 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…

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