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Episode 365 | Why Is investing So Confusing?

We don’t blame you if you find investing confusing… even Ben found it confusing when he started 30 years ago.

There are so many different asset classes to pick from, different procedures to follow, various biases to learn from and the worst of them all…

THE JARGON!

Short, Long, Dollar Cost Averaging, Coupon Rates, Day Trader and the list goes on.

 

So where would one even start?

 

Our answer is… This episode.

It’s back to the basics today folks and we’re not even focusing just on property! We’re covering most of the popular investments classes and procedures so think of this episode as… Investment 101.

Enjoy!

 

p.s. Does this episode sound familiar? Well, that’s because it’s a follow-up from Bryce’s Life Hack last week! 😉
(and if you didn’t know that make sure to tune in to Ep 364 – Will Property Price Keep Going Up! here. It’s a ripper!)

 

 

Free Stuff Mentioned

  • PICA’S WEBINAR on Estate Planning – To watch, you need to be a PICA Member (or become a member for $5)
  • 219 | How going from 30 properties to Bankruptcy shaped this riches to rags… and back again story! Chat with Julie Ann Cairns – Tune in Here
  • The Personal MBA by Josh Kaufman – Learn more here
  • The Cashflow Quadrant – Learn more here
  • RBA’s Address: Recent Trends in Inflation – Tune in to the speech here

  

Here’s some of the gold we cover…

  • 2:02 – PICA’s Upcoming Webinar on Estate Planning! Become a PICA Member here to join the webinar.
  • 2:54 – Psstt… Black Friday coming soon folks. Make sure you have your $5 ready! 😉
  • 3:51 – Mindset minute… What’s your status symbol?
  • 4:58 – WHY is investing so difficult?!
  • 7:38 – Ben’s early years as a clueless investor…
  • 9:08 – What are the underlying beliefs that you need to tackle head on first?
  • 10:30 – What is Bryce’s early mindset on the stock markets?
  • 12:24 – Risk is a M _ _ _ _ _ _ _ of K _ _ _ _ _ _ _ _
  • 13:14 – What’s the ONE absolute when it comes to wealth creation?
  • 15:11 – Understanding The Cash Flow Quadrant
  • 16:17 – Non-financial assets that you can (and should) invest on!!
  • 18:45 – How to Implement an MBA on Yourself?
  • 22:40 – What’s the real challenge for millennials when it comes to investment research?
  • 25:40 – Shares 101!!
  • 27:17 – Property will NEVER EVER deliver you THIS… but shares can.
  • 30:21 – What’s our overarching thesis and do you have one?
  • 38:04 – Other types of investment products that you should know about…
  • 39:26 – What are the Different Types of Investment Procedures? (Unpacking Jargon Alert here folks!)
  • 40:54 – When to go long and short in investments?
  • 48:37 – The 6 categories of Investors… Which one are you?
  • 51:47 – Do you recognise these biases?
  • 1:00:25 – Confused? That’s ok, it all comes down to this…

And…

  • 1:03:37 – Life Hack: See your brain through the eyes of a Super Computer!
  • 1:04:41 – Dr Philip Lowe’s Speech on Recent Inflation Trend
  • 1:06:27 – Property Market’s Supply Movement!!
  • 1:08:10 – This couple paid $75k deposit but didn’t end up with the property?! #UnAustralian

 

 

 

 

 

 

Episode 364 | Will Property Prices Keep Going Up? – Q&A on Off the Plan Properties, Future of Crypto, Career in Finance/Real Estate and more!

Let’s face it…

If you’re looking to get into the market, you’d want to property market to slow down.
If you’re already in the market, you might be hoping for this trend to continue.

 

Whichever side of the coin you are in, you’d be asking the same questions…

When will this end…?

Will median price go up to $5M in the next 20 years?!

How is this even possible… what’s driving it??

 

Yup, we know it can be unbelievable so we will be tackling this head-on in our Q&A Episode today (It’s the 1st question in fact and Ben got quite heated up too)

That and also a few other things such as off the plans, crypto and property, why would you sell, formal qualifications for property professionals and heaps more!

It’s a Q&A Episode after all 😉

Enjoy!

P.s. Make sure to tune in to Ben’s ‘controversial’ market prediction at the end!

 

Q’s we answer further below 👇

 

 

Free Stuff Mentioned

  

The Questions We Answer

Question from Shannon about Will Properties Keep Going Up?

Hi guys, Firstly I have to say I’m a big fan of the podcast and your book, The Armchair Guide to Property Investing.

I have gotten a lot of value out of your podcast and feel like I am much more confident picking the right type of investment property and avoiding investment stock type properties.

I wanted to ask a question about your book.

You outlined some quite interesting case studies for different types of investors. I fit into the category of a rentvestor myself. I noticed the portfolio plan is made up of 3 properties and over a 40 year period the portfolio grows in size from around 1.2 million to 9 million over the 40 year period.

I was wondering if you can comment on why you think its safe or reasonable to assume that the property market will 8x over the next 40 years because that would suggest each property is worth nearly 3 million dollars which is something I struggle to think is reasonable to assume, given that property prices relative to income currently are at the highest ratios historically.

I can understand how property prices have grown to be so high given we have most households supported by two incomes instead of one and interest rates are at historic lows but I have doubts about whether this is sustainable to continue.

I wanted to get your advice on how things look over the next 20-30 years before I jump in and if you can comment on your reasoning for the above that would be appreciated!

Thanks for all the great content!

Recommended episodes for Shannon

 

 

Question from Coban about When will Off the Plan be considered ok?

Hi fellas great show.

Hey Bryce and Ben, I’m a new listener – currently at episode 100 so if you answer this ill hear about in in 2022! . I have read both your books and in the pervious 18 months my partner(21) and I(25) have implemented your Money smarts to secure an investment property, Small shares portfolio and plan for a wedding and putting my partner through university. I recommend 1 person a week listens to your podcasts as it has changed the way I look at financial freedom.

After 100 episodes, my question for you is simple. Is there a place within your go to strategies where an off the plan purchase would be considered? The reason I ask is because I see a lot of spite towards them (understandably in high/med density living) however I believe that they can provide needed cashflow boosts for short term prosperity. I will use my situation as an example.

I’m a sailor in the Royal Australian Navy and my partner is looking to study paramedicine starting next year, based in Sydney. We have a combined $2000 a month in surplus at the moment with a combined salary of $130k. We managed to leverage ourselves into a $515k off the plan townhouse in Nowra, NSW with an estimated growth of 5% and a rental yield of 5.3% with minimal savings and taking use of the FHOG and First Home Buyer Assistance Scheme (FHBAS). Admittedly we have structured ourselves to have a loan at 101% LVR  but buying an off the plan property allowed us to hold the property thanks to depreciation and the FHOG whilst my partner goes to uni with no income for the next 3 years (my income will remain $86,000 after tax).

We had to lose out on some land size to achieve this but noted that the property was in a great location with a high turnover in terms its demographic change (was previously government housing area- now sold off) I understand everyone is different and that is the beauty of financial planning and investment advising, but for people starting of in property, can off the plan properties outside of high/med density living provide a lower entry point to everyday people?

I’m very passionate about seeing people use their money to benefit their future rather then the present, so I’d also ask, do you have any entry level jobs going?!

I have been in the navy since 17 and we don’t get many qualifications, so what recommendations for study paths would you have for someone aspiring to help people reach their financial goals?

Additionally, in a defence force space we have a lot of spruiker who I notice take advantage of our benefits such as FHBAS, FHOG, The Defence Home Ownership Assistance Scheme (DHOAS), Home Purchase Assistance Scheme (HPAS) and Home Purchase or Sales Expenses Allowance (HPSEA) to put young defence members in house and land as well as high/med density living.  Maybe you could provide an episode for the 26,000 + active servicemen and women to discuss the pro’s and con’s of these structures?

Best of Luck to the Hawks in 2022 – the 4peat will return in 2022 under Sammy Mitchell!

Ohh and best of luck to you guys too. 

Recommended episodes for Coban

 

 

Question from Juan about Technology for Money & Property Management

Hi Ben,

I just came up with these questions.

I hope they can help you with your podcast:

  1. Is there any particular technology (app, website or any other) that can help us better track our money management?
  2. Is cryptocurrency change (or going to change) the way we may invest in properties? And if so, how?
  3. According to your experience, when is the best time (or age) to start thinking about property investment?

By the way, I just started listening to the exodus to the region’s episode and I really enjoyed the insights of Dr Nicola Powell.Keep up the good work.

Recommended episodes for Juan:

 

 

Question from Stephen about Why Sell?

With several investment properties returning healthy margins & interest rates being as low as they are … Incentives to hold out property sales for greater returns (given interest rates are not deemed to rise for another 12 months ).

General question is >>> Why sell now if asset capital is rising??

Recommended episodes for Stephen:

 

 

 

Episode 362 | Investing through the Telescope, NOT the Microscope – Q&A on Equity Release, Retirement Purchase & Mistakes with Borrowing

Did you know…

Back in episode 296, Bryce briefly mentioned the telescope vs microscope analogy and how it applies to picking an investment-grade location.

Fast forward to today’s episode… (66 weeks later)

We’ll be answering ONE of the questions using the same analogy. With a little twist of course 😉

So… which is a better view to take when it comes to property investing and why?

And… are you curious how the same concept can be used for two entirely different scenarios?

If that doesn’t entice you, what about questions relating to equity release, what NOT to do when seeking finance and some tips for our younger investors?!

There’s something for different groups of our community today.

Tune in now for the gold!

Q’s we answer further below 👇

 

 

Free Stuff Mentioned

 

 

The Questions We Answer

Question from Alan about Best Time to Release Equity.

Bryce and Ben, I’d like your comments on something weighing heavily on my mind.

My wife and I are very fortunate to have bought into Schofields in Western Sydney prior to the 2021 explosive growth period. We paid $740,000 in April 2020 for a 4 bedroom house on a big plot of land following all of the Property Couch “tick boxes”. Our Mortgage is just under $500k.

Our plan had always been to buy a family home, keep our buffer in an offset and pay down the mortgage to under $350k before taking on another loan for investment. Progress has been good and I thank the lord for Money SMARTS everyday.

Fast forward to September 2021, the growth has pushed many of my neighbours to sell. We are seeing astronomical numbers. Properties up $300k-400k plus since April last year, new suburb highs being set on a monthly basis and more and more agents knocking on the door pushing for stock. I know that this has increased the value of our property through pure osmosis, and we are now unsure of how to plan our next purchase.

We want to hold on to this property and NEVER SELL.

We had wanted to buy another property within the Golden Hour Commute region, but the level of debt required is now nauseating. Everyone I talk to is now rushing to the regions and that too concerns me.

The question(s):

  • Is now the right time to pull equity from the house, take on more debt (earlier than planned) and make it work for Sydney?
  • Is there confidence in the regional markets where things are more affordable?

Thanks in advance, your loyal listener.

Recommended episodes for Alan

 

Question from Wayne about Where to buy for retirement

Hi fellas great show.

My wife and I are both in our very early 50s.

We live in Brisbane in a house that’s worth about $1M with no mortgage. We also have a house on the North QLD coast which is worth probably about 420-450 thousand which is currently rented out for 350 a week which we have no mortgage on that, both places are owned outright. We have no children living at home, no debt, don’t have any car loans, we earn in roughly about 65,000 a year with some potential if we wanted to do overtime to earn more but we just chose not to at this stage.

Our question is, we are looking to retire down to the Southern end of the Gold Coast in about 8 to 10 years and we’re not sure whether we should buy something there where we want to live and have somebody in there renting it and with our incomes, we could help pay that house off in quick time or, do we buy another place in Brisbane and rent it out and when it comes times for us to retire so either or of two of the houses then buy a unit down there outright.

Anyway, I hope you can help me out.

Recommended episodes for Wayne

 

Question from Mel about Tips for Young Investors

Hi Ben and Bryce love the show. You guys have been amazing.

I actually bought your property course and I have been doing it with my dad so every weekend we get together and we do a couple of hours, we do one or two modules and have a chat about it, it’s been lovely. Me and my dad are buying an investment property together.

He’s in his 60s and I am in my 30s it’s enjoy the process of doing it together but also for all of the beautiful reasons that you want you know for a time in and income and all of that so I guess I just wanted to know if you have any hot tips for young players remembering that he’s in his 60s, I’m in my 30s, we’ve got 70K saved up, we’re gonna go to a regional town coz that’s all we can afford and look up buying a house’ cause I think that might have a better growth than an apartment say.

Is there absolutely any tips you wanna give any hot tips for young players that, anything at all. Your advice would be appreciated, something we could think about or not think about that would be great. Thank you guys!

Recommended episodes for Mel:

 

Question from Phillip about What You Shouldn’t Do with Finance

One of the suggestions was what you shouldn’t do when starting to look at finance. Too many people focus on what you should do, and for those uneducated you can make mistakes without the right advice.

Recommended episodes for Phillip:

 

 

 

 

Episode 361 | When Is It Too Late To Get Into Property?

Have you left it too late?

Has the market moved?

Are you too old to start?

With the media hyping on about how hot the property market is these days, we get that some of you might be feeling a little anxious (even frustrated!). Everywhere you go, you’d probably hear people saying, “The prices are crazy these days!”

And yes, they might be right.

So… If you’re worried that it might be a bit too late to start investing in property, then today’s episode is perfect for you.

And the best part is…

There are quite a few calculations today too!

Better get a pen and paper on standby or just reduce the playback speed on some parts 😉

Oh! Before we go ahead with the questions, just a bit of a teaser… Make sure you stay till the end cause Bryce and Ben will be sharing their early prediction on how this year’s property market will end and where will next year’s market go on the “What’s Making Property News” segment!

 

 

Free Stuff Mentioned

  • Summer Series is around the corner and we’d like to hear from you! If you’ve gone through (or even going through) a financial transformation journey, let us know. We’d love to listen to your story! Simply fill in the form below or go to  thepropertycouch.com.au/mystory
  • We are also looking for a talented copywriter/storyteller to join our team! If you’re interested, learn more here:  https://www.seek.com.au/job/54189273
  • (Podcast Series) The Armchair Guide to Property Investing! Listen on Apple or Listen on Spotify
  • (Free Book) The Armchair Guide to Property Investing – Get a copy here
  • Bonusisode with Julia Hartman! Tune in here.
  • Free Report: The Top 5 Tax Rules Every Property Investor Must Understand – Download here

 

 

The Questions We Answer

Question from Luke about Having a $700k Mortgage in Late 40s

My wife and I are at a crossroads.
We never thought owning a home was worth it until now…and I reckon we’ve missed the boat…
For years my wife and I deliberated over buying a home. We travelled for work in our 20’s so renting was easier while we were on the go… by the time we settled down to have kids one income made it almost impossible to save for a deposit.
Fast forward 15 years and we’re 46 with 2 teenage kids and still renting…
We have around $260k in super between us plus $80k in savings. We’re sick of seeing that $3k rent money disappear from our banks each month and we are scared of renting as we age further so is it worth having a $700k mortgage at our age? And if not, what is the best way for us to secure our future?

Recommended episodes for Luke

 

 

Question from John about Selling Shares to Put in an Offset Account

Hi Bryce and Ben.
Love the podcasts and I’ve been a keen listener for a couple of years now.
I’ve learnt a lot from you guys and have recently just bought my first investment property. I also have a small amount of shares invested in the market which I’ve made capital gains on.
My question is – is there any benefit, tax or otherwise, in selling my shares and putting the money in my offset account?
For example, can I reduce my capital gains tax on my shares by moving that asset into the offset account?
P.S GO GWS!

Recommended episodes for John

 

 

Question from Renee about When to Buy a PPOR?

Hey guys, I have recently found your podcast and am grateful for the wealth of knowledge you provide.
So firstly, thank you!
I have a potential podcast question. The penny has just dropped regarding what you said about obtaining negatively geared investment properties with an aim for capital growth early on, then leaning towards neutral and cash flow positive properties later on.
My question is, strategically when does buying a PPOR fit into that scheme? Should you invest, sell, buy PPOR then invest with the equity? Particularly in south Sydney where anything 3 bedroom is at least $1.5 million.
I thought some personal context might be helpful.
I’m 25 and have an apartment in south Sydney that I’m currently living in but could be an investment long term. I have a stable income about $115k that will go up to about $150k by the end of next year which is when I will hopefully buy an investment property.
Obviously holding on to both properties would be the goal but I’m struggling to see how I could buy a PPOR by 6 or 7 years time without having to sell both.
Thank you in advance!

Recommended episodes for Renee:

 

 

Question from Peter about Get a Loan with high interest vs. not buying?

Hi Bryce and Ben,
Love your podcasts. Want to ask quick question in regarding real estate investing.
I have reached my borrow capacity but can do low doc loans, would you think it better to get a loan with a bit higher interest than not buying property?

Recommended episodes for Peter:

 

 

Episode 356 | Secrets Behind A $250M Net Worth – How This Investor Did It! Chat with Fred Schebesta

Meet one of the richest Australians under 40… and learn how he built a net worth of around $250 million!

Folks, today we have a very special interview with Fred Schebesta — the co-founder and CEO of the comparison website Finder, which is one of the world’s biggest comparison websites and money apps that helps users compare products across 105 categories, from car insurance to cruises.

And Fred, who went from working in a Pizza Hut call centre as a university student to running a business that employs 450 staff in 80 countries, has some Radical Rules on Money, Investing, Cryptocurrency (… any bitcoin fans, out there?!), Property, Stocks and Business that will make you look at things a WHOLE Lot Differently!!!

You’re about to get the behind-the-scenes secrets of someone who has experienced HYPER success when it comes to wealth creation… but what we’re super keen for you to hear is the MINDSET it took to create such an impressive net worth in the first place — including what it means to “Reframe Mistakes”, focus on “Concentrated Investments” and go against the grain to carve your own Lifestyle Design.

Fred is also the author of  Go Live! 10 Principles to Launch a Global Empire and while we do indeed cover his epic journey as an entrepreneur (…just wait ‘til you hear it!), there is plenty of gold in there for everyday investors at ANY stage of their journey.

Psst… Oh, and yeah… while we might not ALL be able to invest in a spaceship-like Fred (yep!), we will say this:

… This is a VERY rare opportunity to learn from someone at the top of their game… and from someone who has achieved significant success.

Tune in now to get the secrets behind a $250M Net Worth… you won’t forget this one!

 

Free Stuff Mentioned

 

Here’s What We Cover…

  • 04:38 – Meet Fred!
  • 05:22 – What was money like for Fred growing up?
  • 05:58 – What does he invest in?
  • 08:49 – How does Fred teach his kids about money? (… wow, skills for life!)
  • 09:31 – Fred’s Radical Rules Around Money!
  • 12:56 – Fred’s 2 Biggest Keys to Wealth Success…!
  • 13:38 – SLAPPED By Google…. what the!?!
  • 16:43 – Growth Mindset vs Upbringing
  • 20:35 – Making Money While You Sleep: How’d It Start?
  • 22:48 – Such A High Net Worth… how does that actually feel??
  • 25:59 – The Mindset Behind A $250M Net Worth!
  • 26:25 – Why CONCENTRATED Investments?
  • 28:35 – When You Lose $150,000…
  • 28:58 – How To Reframe Mistakes!
  • 30:30 – What Warren Buffett Asked Bill Gates…
  • 32:04 – Investing In Bitcoin Mining Companies
  • 34:27 – When You’re Looking To Buy Spaceships…. (!)
  • 35:26 – Where Does PROPERTY Sit In Fred’s Thinking?!
  • 39:41 – Buying Property Now & Inflation…
  • 39:38 – Fred’s Mum & Property Investing
  • 41:57 – Investing In Bitcoin!
  • 44:29 – Who Runs Bitcoin?
  • 47:29 – The New Financial System: Will It Overtake The Old One?
  • 49:20 – The First Critical Step To A Winning Investor Mindset
  • 52:13 – Why you should be a Continuous Student of Life!
  • 52:53 – How to create a life you don’t want to escape from
  • 53:41 – What’s the vision that drives Fred BEYOND money?
  • 57:05 – Fred’s final message for you… (LOL)
  • 59:30 – How to stack the odds in your favour 😊

And…

  • 1:00:45 – A Home School Hack For Your Kids!!
  • 1:03:27 – What’s Making Property News??

 

 

 

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