Retirement Archives - The Property Couch

493 | $160K Dilemma: Should I Walk Away From Paper Profits?

By The Property Couch May 9, 2024 in Podcast, Property Investment, Q&A

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Emma’s partner has a $160K dilemma: He’s been offered a refund on an Off-The-Plan apartment that’s been delayed for two years. Should he take the refund or ride it out for a potentially higher sell price? 🤔

Kieran faces the decision of investing in smaller units versus two individual homes. Which is the better investment decision for him, and how can he align it with his goal of helping others? 🌍

And in Simone’s Retirement Plan: How does this single mum and schoolteacher with 5 properties reach a target of $2,000 per week for retirement? How does this stack up in today’s economy? 📈

Folks, this is a massive Q&A Day where we link age-old questions in today’s nuanced context.

From diving into the psychology of Loss Aversion to understanding why “C” is the hardest to achieve in our “ABCD” foundational principles, you’ll want to save this episode for future reference.

Listen now folks! 😊

P.S. Stay tuned till the end to discover how to type…without typing!?

Free Stuff Mentioned

New free tools just released in Moorr!
Unlock cutting-edge financial tracking capabilities from Offset Tracking to Bulk Adds/Edits in Moorr, your all-in-one lifestyle and money management platform. Check it out now!
Leave us a Q for our next Q&A Day! Reach out through our SpeakPipe or to Bryce on Instagram. (And get a free Start & Build course if your Q is featured!)
Resources from Ben’s “What’s Making Property News”: State of the Housing System 2024
Guests & Episodes Mentioned:
491 | The 3 Stages of Retirement & Why Most Don’t Think Beyond Stage 1?  – Chat with Jennifer Langton
Our “ABCDS” of Property Investing:

Timestamps

0:00 – $160K Dilemma: Should I Walk Away From Paper Profits?
1:49 – Interest rates, budget release & TPC survey winners
8:01 – New Tracking Tools in Moorr!
16:34 – Mindset Minute: “Just focus your eyes on the captain…”
23:38 – Q1) Get Deposit back or Wait for Growth
27:26 – Learning Experience or Loss Aversion? 😱
28:02 – How to Avoid Loss Aversion: Step-by-Step
32:55 – “A bird in hand vs two in the bush”
36:31 – Why Off-The-Plan means YOU are taking all the risk
37:12 – This refund is a red flag 🚩
43:14 – Q2) Small Complex vs 2 Individual Properties
45:00 – When passive investing stops being passive
47:37 – To help others, you need to be in THIS position
49:52 – Why houses over units? 🏘️
53:53 – Q3) Archive Question: $2k per week in 20 years’ time
56:41 – How we calculate the $2,000 a week in retirement
57:31 – The Power of Compounding, Offset Accounts and Qs to ask
1:00:07 – Why “C” is the hardest to achieve in our ABCD foundational principles 💰
1:05:09 – Thank you to all our Question-Askers!

And…

1:05:45 – Lifehack: How to type…without typing?! 📱
1:07:20 – WMPN: The State of the Housing System

492 | The Hidden Cost of Get Rich Quick Schemes

By The Property Couch May 2, 2024 in Case Study, Podcast, Property Investment

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

LAST CHANCE: 2024 Survey Closes Today
Let us know what you want to hear, and as thanks to you, we’ll give you a Case Study Series Unpacked for FREE (usually $297). Plus, the top #5 most insightful answers will win a $100 gift card. Share your thoughts now >>
Moorr Money Management App: New Features!
We’ve added a revolutionary Offset Loan Tracker feature that gives you never-before insights into your offset accounts’ impact on your mortgage and overall debt position. Check it out now!
Free books to increase your financial literacy:
- Make Money Simple Again
- The Armchair Guide for Property Investing

Want to map your property journey?
Find out more or book a free, no-obligations chat with our team of expert financial advisors who created these plans for Becky & James and Kylie & Billy 😊.
Resources from Ben’s “What’s Making Property News”: Millennials the most active property investors: CommBank data
Guests & Episodes Mentioned:
- 489 | The Rise of the Finfluencer: Who’s at Risk?

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?!
1:14:55 – WMPN: 46% of Commonwealth Bank’s customers in 2023 were from THIS generation 😮

491 | The 3 Stages of Retirement & Why Most Don’t Think Beyond Stage 1?  – Chat with Jennifer Langton

By The Property Couch April 25, 2024 in Podcast, Property Investment

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“What you do with your home will have the biggest impact on your fees and charges and how your cash flow works in residential aged care.” – Jennifer Langton

Folks, there’s A LOT of considerations and work to be done to “get your ducks in order” before you retire. It can be overwhelming, from managing your pension to strategically positioning your home and investment properties.

And it’s not just for elderly folks or those who are about to retire. Gen Xs, we’re talking to you too!

To help guide you through Australia’s complex Aged Care system, we’ve got an exceptional, first-time property couch guest: Jennifer Langton!

Jennifer is the Head of Personal Advice at Aged Care Steps and is an Educator, Financial Adviser, and Speaker who is an FAAA accredited Aged Care Specialist for Senior Aged Care and Retirement Living.

Together, we unpack:
✅ The 3 Major Phases of Retirement & why most people only think about Phase #1!
✅ Why you want to avoid “Hospital Carpark Decisions” at ALL costs
✅ Why You Don’t Want A Scottish Castle In Retirement!
✅ How your home is assessed (Psst: It’s different between your aged care and aged pension!)
✅ The intricacies between interest rates and pensions and the new incoming changes
✅ Jen’s top tips and tricks for aged care and much more!

Tune in now to discover the answer to some of these age-old questions 😊

Free Stuff Mentioned

2024 TPC Survey Closing Soon! Let us know what we should start, stop and keep doing and as our thanks to you, we’ll give you a Case Study Series Unpacked for FREE (usually $297). Plus, the top #5 most insightful answers will win a $100 gift card. Share your thoughts now >>

Resources Jennifer Mentions:
- Find out more about Jennifer or get in contact with her today
- Accessing home care under 65 years: NDIS
- Accessing home care over 65 years: My Aged Care
- Find out more about the:

Resources from Ben’s ‘What’s Making Property News’:
- Construction loans for new homes at 20-year low: HIA
- World’s ‘most expensive house’ goes on sale – and you’ll never guess how much it costs

Timestamps

0:00 – The 3 Stages of Retirement & Why Most Don’t Think Beyond Stage 1?
2:44 – 2024 Survey Closing Soon: Fill yours out & get our FREE Case Studies Unpacked Series!
5:02 – If you are a Gen X, you’re going to want to do this…
6:08 – Mindset Minute: Dream while you’re awake
9:53 – Welcome Jennifer Langton!
10:29 – We NEED to change these Aged Care myths
14:29 – Jen’s career from Flying to Financial Planning
16:50 – Her Traditional Money Backstory
19:04 – “Sit down and have that cup of tea”: The first big steps to financial literacy
21:30 – How Jen has always stayed in control of her finances
22:38 – The big transition away from a traditional upbringing
23:26 – The 3 Major Phases of Retirement
27:21 – The options available in Australia’s care system
32:03 – Who and what should you be considering when it comes to retirement?
33:54 – Application to approval codes: The Assessment Process
37:37 – The Scottish Castle: Why it matters WHERE you live
41:27 – “Your home is assessed differently for aged care and aged pension”
44:45 – Avoid ‘Hospital Carpark Conversations’ at all costs!
46:44 – THIS is where Financial Planners shine
48:12 – The messy middle of 1 investment property
50:27 – Option 1: Do Nothing?!
51:12 – Case Study: Beryl, aged 87
54:55 – The fine print: Refundable Accommodation Deposits (RAD)
58:06 – New changes coming out to interest rates and aged care?
1:01:55 – The wealthiest generation around the world
1:04:12 – Tips & traps of aged care
1:07:53 – The Granny Flat Catch
1:09:30 – Summary
1:10:23 – What options do you have for your home in retirement?
1:11:43 – Why we haven’t been talking about Superannuation
1:13:47 – Advice from one of the best in financial and aging care planning

And…

1:16:04 – Thank you for turning on the lightbulb, Jennifer!
1:21:36 – Lifehack: Apple has added a game-changing feature for podcasts
1:23:40 – WMPN: Construction has hit new lows & the most expensive property on the planet?!

487 | $2k A Week in Retirement – Is That Before Tax or Cash in Hand?

By The Property Couch March 28, 2024 in Podcast, Property Investment, Q&A

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Folks, we’ve always said that property is a game of finance rather than of bricks and mortar, and today’s massive Q&A episode explores this fundamental concept.

Tune in to hear us break down our strategy of $2k a week in retirement, which leaves you with $104,000 per year in DISCRETIONARY spending (yep, this doesn’t include ongoing costs!).

We’ll cover the calculations behind it, why we came to this golden number and how it accounts for ongoing costs.

Plus, we explore:
↔️ How to maximise your liquidity from offsets to amortisation
❌ Why retiring debt shouldn’t be your #1 priority
🏢 Why some investors choose commercial over residential every time
⚖️ The biggest pros and cons of commercial
🔍 Bryce’s #1 biggest caution around commercial investing

It’s an episode that will have you listening to it on repeat, give it a listen now folks 😊

Free Stuff Mentioned

Free Book: The Armchair Guide for Property Investing
Includes 6 case studies that show the calculations and assumptions from the strategy in Q1.
(Not Free): Case Studies Unpacked
See these 6 Case Studies Unpacked, plus one bonus one, with a 365-day money-back guarantee.
Free Book: Make Money Simple Again
Free Money Management Platform: Moorr
Knowing how to make a budget is different from living within one. Let Moorr do the math for you and make managing your money easy.
Leave us a Q for our next Q&A Day! Reach out to Bryce on Instagram or through our SpeakPipe. (And get a free Start & Build course if your Q is featured!)
Free Article: Earn $2500 a Week at Retirement (Money Magazine’s #2 highest-selling cover story)
Articles from Ben’s “What’s Making Property News”:
- We need land-less mortgages, Mirvac CEO Campbell Hanan says
- Could this be the solution to housing affordability crunch?

Guests & Episodes Mentioned:
- Effie Zahos
- 230 | From Residential to Commercial Investing: How this guy quit his Day Job at 28 – Chat with Scott O’Neill
- 285 | “Catching a Falling Knife” Is investing in Commercial Real Estate a good idea right now? – Chat with Scott O’Neill
- 370 | Financial Harmony – THIS is what it looks like – Chat with Amber and Dan
- 486 | “Stuff This!”: How to Tackle Financial Anxiety

Questions We Answer…

Q1) Tax on Passive Income in Retirement from Chantelle

“Good Morning Bryce

I just wanted to say a MASSIVE thank you for all the amazing work you do! I’ve learned so much listening to you. I was just listening to your latest podcast about Billy and the other case studies.

I just had a quick question getting my head around retirement phase. If Billy is retiring on $2k per week, i.e. $104,000 per year, he’s going to be earning money for the rest of his life which is incredible but your also still having to pay tax for the rest of your life, so i’m just wondering once your in pension phase once the strategy for earning income – cos the property is in his name – so I’m just trying to get my head around the long term goal and the strategies behind that.

I don’t know if you’ve explained that before, if you have please point me to your podcast and I’ll have a listen to it. Any info would be fantastic and keep up the great work!”

Q2) What happens when our primary account matches the value of the loan on our PPR? From Amber

“Hi Ben and Bryce, my name is Amber.

Love the podcast and have been listening for many years now. My husband and I currently have one investment property and our PPR and we’re looking at buying a 2nd investment property next year.

We use the MoneySMARTS system and the Moorr app and we have a property investment plan which Joel prepared for us. We’re currently filling up our primary account with our surplus income which offsets the loans on our PPR.

My question is what happens when our primary account matches the value of the loan on our PPR?

For us that’s likely to happen in the next few years. Does the bank continue to deduct monthly amounts paying down the principal of the loan?

I’m just a bit confused at this point because I want to give effect to the principles you talked about in your books and podcast but I’m also nervous that the buffer that we build up will slowly get eaten away as we pay down the loan on our PPR.

Thanks so much.”

Q3) Your thoughts on commercial properties? From Stephanie

“Bryce and Ben,

long time fan of you both in the value you add to this community.

My question is around commercial property.

So I understand the importance of residential property in building the foundation to a property portfolio, but I’ve never heard your thoughts on a podcast around commercial property and whether you believe this has a place in investors portfolio.

Now I understand the risk is higher here.

You know, there’s larger vacancy periods, more onus on a business or the business leasing, the building to perform as well as higher entry price points, though despite this, I do believe there is some investors to start suit and would love to hear a segment about your thoughts and any personal experiences you’ve had with commercial property in the past.

Thanks so much.

Keep it up.”

Timestamps

0:00 – $2k A Week in Retirement – Is That Before Tax or Cash in Hand?
1:44 – A supportive message from Darren? 😉
6:50 – Mindset Minute: “Personal finance is 80% behaviour, 20% head knowledge.”
10:54 – Free Resources!
13:42 – Q1) Tax on Passive Income in Retirement
18:20 – The $2K weekly passive income is DISCRETIONARY
23:54 – The Nirvana Plan
25:33 – Where this number came from & where to find case studies
27:58 – Q2) What happens when our primary account matches the value of the loan on our PPR?
29:50 – How do I maximise my liquidity?
31:41 – Why retiring your mortgage shouldn’t be your #1 goal!
32:21 – The options available for Amber
34:50 – The Checkmate Move
35:36 – “Property is just a game of finance”
38:43 – Folks, ALWAYS have an offset against your highest-costing property
39:43 – Q3) Your thoughts on commercial properties?
40:55 – THIS is the heart of the question
42:03 – Why some investors choose Commercial over Residential
43:43 – Pros and Cons of Commerical
47:07 – The ironic perception of Greedy Fat Cats
48:22 – Comparing Commerical vs. Residential
49:25 – Bryce’s #1 big caution for commercial
51:55 – Beware of future trends!

And…

55:38 – Lifehack: Recycle your easter egg wrappings
57:00 – WMPN: New solutions for the housing affordability crisis

465 | How This Family Can Afford their Year-Long Holiday While Building Their Portfolio

By The Property Couch October 19, 2023 in Case Study, Podcast, Property Investment

We’ve always said that property investing is a process not an event but…

How does one successfully match this process with ongoing family, life AND travel goals to achieve it all?!? 🏡🌟

Folks, in today’s episode, we’re revealing how it’s possible through two real-life case studies!

In our first case study, “Scratching the Itch”, we’re exploring how a young family who is looking to spend a memorable year travelling with their young ones can achieve this while continuing to work towards buying their forever home.

In the next case study, “Older Demographics Need Help Too!”, we chart the path that Linda, a 54-year-old Zookeeper can take to achieve her dream retirement without sacrificing her current lifestyle.

We’ll be deep-diving into the problems and life-changing epiphanies each of these brave investors have had, along with the exact steps and plans we created to help each of them achieve it all.

From the power of prioritisation to seeing what is possible, we’re highlighting the many advantages of seeking professional advice. A seriously motivational and practical episode for all, give it a listen now!

Free Stuff Mentioned

Scratch your itch! Make the invisible visible and understand your priorities by getting professional advice. Book a free no-obligation with our award-winning team here >>
Sign up for PICA’s newest webinar with Nicola McDougall here >>

Here’s some of the gold we cover…

0:00 – How This Family Can Afford their Year-Long Holiday While Building Their Portfolio
2:34 – PICA is having a new exciting webinar!
3:23 – REVEALED: Our newest Case Study Series launch!
5:53 – Giveaways 🤗
9:24 – Calling all potential Summer Series Guests! Share your story here…
11:44 – Mindset Minute: Never be so foolish as to believe…
17:35 – Case Study #1: Scratching the Itch
19:16 – The scary external AND internal problems they were facing…
23:18 – It’s always better to trade on paper folks!
26:35 – The Lifechanging Epiphanies + Plan
27:42 – THIS is how they took action!
34:47 – It’s all about understanding the trade-offs & priorities!
35:56 – The 2 Fundamental Levers
40:11 – The end result: The achievement + transformation 😊
44:24 – Case Study #2: Older demographics need help too!
45:58 – The fears this Zookeeper was facing…
49:49 – What drove her to act?
50:32 – The 3 very different solutions she was presented!
52:35 – One of the most important things to remember…
54:18 – Other factors we considered 😮
55:26 – The Winning Roadmap to Retirement!
57:35 – Let’s summarise…
59:20 – Folks, we’re so lucky (+ THIS is the best time to start)
1:00:37 – Scratch your itch. Have a conversation with our award-winning team >>

And…

1:02:55 – Lifehack: How to finish ANY book!
1:04:07 – WMPN: Unexpected changes to vacancy rates and shifting markets…😮

Free Stuff Mentioned

Timestamps

Free Stuff Mentioned

Timestamps

Free Stuff Mentioned

Timestamps

Free Stuff Mentioned

Questions We Answer…

Timestamps

How does one successfully match this process with ongoing family, life AND travel goals to achieve it all?!? 🏡🌟

Free Stuff Mentioned

Here’s some of the gold we cover…

Instagram

Free Resources

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