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495 | Ramit Sethi & Morgan Housel: Why They Don’t Invest in Property!

By The Property Couch May 23, 2024 in Podcast, Property Investment, Q&A

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Ramit Sethi and Morgan Housel: Two titans in finance and money management who don’t believe in property investing?!

It’s your turn to ask the questions as we dive into a topic that’s never been explored before on our couch!

From breaking down our verdict on these two financial gurus to revealing how you can mirror Ramit and Morgan’s investing style, tune in now to find out if we are indeed going against the greats!

Also, stick around for the last question, where we answer: Should this mother take all her daughter’s savings and put them into the family offset to benefit them all?

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

Free Stuff Mentioned

Free Spreadsheet: Kids Savings Tracking Calculator
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Leave us a Q for our next Q&A Day! Reach out to us through our SpeakPipe or to Bryce on Instagram (and get a free Start & Build course if your Q is featured!)
See Bryce’s Lifehack Below:
- Original:
- Translated examples:

Resources from Ben’s “What’s Making Property News?”
- ASIC report: Australians need better hardship support from their lenders
- “Housing Market Cycles and Fundamentals” speech by Sarah Hunter, Assistant Governor
Guest & Episodes Mentioned:
- 116 | Q&A – How Guarantor Loans Actually Work, Fixing a Joint Venture, Investing in WA and More
- 494 | “The Table of Truth”: Everything You Need to Know About Property & The Budget

Questions We Answer:

Q1) Morgan Housel on NOT investing in Property from Anwar

“Bryce, I know you’re a big fan of Morgan Housel and an advocate for his principles.

I listened to a recent episode of “The Diary of a CEO” where Morgan was interviewed by Steven Bartlett, which was a great episode. However, Morgan repeatedly emphasised the fact that property was not a good investment and was completely against it.

I hope you take time to listen to this episode and give your thoughts on Morgan’s comments and advice on property investment. Cheers!”

Q2) Rentvesting Vs. Owning from Jye

“Hey guys, I’d really like your opinion!

I like Ramit Sethi, seems like a legit guy and I knew he was a rent-vestor but I didn’t realise he has no property in his investment portfolio. He makes some good points in this video that would almost make one consider selling their properties and putting the proceeds into the stock market…

So as a EW client with a property portfolio plan, I guess I’m looking for your argument to give someone like me reassurance we’re on the right course.”

Q3) Should I put my daughter’s money into my offset account so that it won’t incur tax or should I leave it on her own account since it’s her money? from Melinda

“Hi there Ben and Bryce,

I was recommended your podcast a few months ago and my brain has been exploding with everything I’ve been learning. I really wish I’ve known about you had many years ago.

I’m 53, single parent, and I have a smallish mortgage of about 130,000. It feels pretty big when it’s just me. I’ve got very little emergency money savings, as I’ve been putting everything I can into my mortgage. The house is worth maybe $600,000

I started to change the way that I structure my accounts using your Money smart system.nAnd I can already see a difference that I’m feeling better about making an outgoing movie.

My question is around my offset account, as I’m trying to grow it. I have a bank account for my 10 year old daughter. I contribute to it each fortnight, and I have a brother who’s a paying $50 a month.

She also occasionally receives money for her birthday or Christmas, and II encourage her to put the majority of this gift money into her account. It has now nearly 14 1/2 thousand dollars, and it’s earning 4.75% interest, which I pay tax on.

Some a question is, should I put this into my offset account, where it will be tax free and working towards my days and set up an IOU to pay her back once I’m in a better position, financially? Or do I leave it because it’s her money? She does know about it.

My brother pays into it, and it has other family members gift money in it. Maybe you’ve already answered this along the way. If so, can you please point me to that podcast so I can listen and learn?

Thank you again for your willingness to share your knowledge and experience. I really do feel that you both have a lot of integrity and that you genuinely want to help people and I thank you so much for that.”

Timestamps

0:00 – Ramit Sethi & Morgan Housel: Why They Don’t Invest in Property!
1:29 – Free upcoming events!
7:45 – Mindset Minute: The Definition of Entitlement
12:18 – Q1) Morgan Housel on NOT investing in Property
14:14 – What drives higher or lower property prices?
19:14 – “General commentary helps no one!”
20:55 – What is Morgan Housel’s asset allocation?
22:39 – Our verdict!
24:27 – The Australian advantage: Dollar cost averaging & static markets
26:27 – Q2) Rentvesting Vs. Owning
27:16 – Be cautious of American advice in the Australian market
30:02 – The #5 questions to ask before buying
30:58 – The key differences between these markets
32:24 – Are you a price taker or a price maker?
36:12 – Australia’s Greatest Superpower
36:51 – How to copy Ramit & Morgan’s investing style in Australia
40:02 – Why we think the property game WON’T change
43:14 – Q3) Should I put my daughter’s money into my offset account so that it won’t incur tax or should I leave it on her own account since it’s her money?
45:55 – We’ve created a Kids Savings Tracking Calculator!
49:43 – Why it’s important to have the financial conversation with your kids

And…

55:51 – Lifehack: Travelling with a dietary requirement? Try this hack to overcome language barriers!
59:47 – WMPN: The RBA’s Speech & Findings on financial hardship from ASIC

Bonusisode with Nerida – Is the oversupply in Sydney over?

By The Property Couch November 7, 2019 in Podcast, Videos

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A couple of weeks ago we had our regular Monthly Wrap Up with Nerida Conisbee, Chief Economist for REA Group. There are some amazing contents in this LIVE so we thought… why not share it with our community?

As well as getting a “wrap” of the property market for the month of October, you’ll also get some very interesting insights into our economy (incl. where it just might go from here!)

We discuss:

** Will the cash rate get to ZERO?

** Is the oversupply in Sydney over?

** What’s happening with “Rent Control”? (and what does this mean for investors?)

** What is Quantitative Easing?

** Are the things that got us through the GFC currently present?

AND, our regulars…

++ The MOST EXPENSIVE property sold in October

++ The most clicked on property going to AUCTION

++ The most clicked on property for SALE

++ The most clicked on property SOLD

Want to see these properties? Click here to View the Properties (all are in the Comments section)

P.S. Want more episode on asset selection?

Bonusisode with Nerida – Maybe The Doll House Appeal? 😨👻

By The Property Couch September 30, 2019 in Podcast

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It’s that time again for our Monthly Wrap Up with Nerida Conisbee, Chief Economist for REA Group!

So… It’s an interesting one this month folks! Let’s cut to the chase. Here are some cut points that you might want to tune in to!

0:44 – What’s new with the US-CHINA Trade War? Is it coming to an end?
3:29 – Should you be panicking with the recent media headlines?
5:32 – How Trump’s Tweets are affecting the US Economy?
8:18 – What’s the current state of housing in Regional Australia? Are regional investing a better option than it used to be?
13:42 – Why Gold Coast is an interesting spot at the moment?
16:25 – Which data measurements does REA Group get the most complaint about and should you rely on it?
22: 28 – What’s RBA going to do tomorrow?! Will there be another cut? What’s happening to the Fiscal Policies?
27:57 – Are haunted houses popular? 😨

Plus, The Top Performing Properties from the month:

The Most Viewed Rental Property
The Most Viewed Residential
The Most Expensive Property Sold
The Most Viewed Property Going To Auction This Weekend

Want to see these properties? Click here to View the Properties (all are in the Comments section)

P.S. Want more episode on asset selection?

Bonusisode with Nerida – US-China Trade Wars | How does it impact Australia? 🇺🇸 🇨🇳🙄

By The Property Couch July 29, 2019 in Podcast

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It’s that time again for our Monthly Wrap Up with Nerida Conisbee, Chief Economist for REA Group!

And we’ve introduced a new style to our monthly catch up too! Nerida has generously agreed to use the white board to explain this whole US-China Trade War thing because let’s face it, not all of us are across it. So… what to expect in this Bonusisode?

The Top Insights in this Bonusisode:

Exactly what impact does the US-China Trade Wars has on Australia?

The Cash Rate Outlook – where is it heading?
How will that affect the Property Market Outlook in each of the major cities?
And of course, the usual most viewed and most expensive listings!

Plus, The Top Performing Properties from the month:

The Most Viewed Rental Property
The Most Viewed Residential
The Most Expensive Property Sold
The Most Viewed Property Going To Auction This Weekend

Want to see these properties? Click here to View the Properties (all are in the Comments section)

P.S. Want more from Nerida?

144 | The American Property Market: Tax Liens, Tax Deeds, Texas and Investing in Opportunity – Chat with Jeff Goins

By The Property Couch November 2, 2017 in Podcast

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We’ve spent the week in America, folks — so we thought we’d better bring you back a bit of gold!

Sitting by a pool in Dellas (yep), we scored some local intel on the American Property Market —like what’s making Texas a HOT place for investing — with today’s guest, Jeff Goins.

So who’s Jeff? A full-time investor of “Tax Deeds” in Texas which includes house “flipping”, he has a builder’s license and a sponge of property knowledge. What’s most eye-opening though, is his local insight into how Americans invest in residential property, including their lending rules and regulations, and their penalties for (and opportunities in) unpaid property taxes, which is VASTLY different from the way us Aussies do it!

Oh, and a couple of Texan “translations” before we start:

“Inventory” = Supply and Demand
“Rehab” = Renovate

So, what are we discussing?

What’s the appeal of investing in the American market; particularly Texas?
The US Government involvement in their lending and how it triggered the global financial crisis (GFC)?
Aftermaths of the GFC and how they recover their confidence in the real estate market?
The differences in Australia’s and America’s lending regulation
What are the interest rates like?
How to research investment grade locations
Understanding the geo-economic difference between both countries and how will it impact investors’ decisions
Why do they have such a volatile property market?
Why is the average property price in America SO much cheaper?
Are there offset accounts and are they able to leverage off equity?
What happens if you don’t pay tax on your property?
What does “Tax Liens” and Tax Deeds” mean?
How can investors benefit from Tax Liens and Tax Deeds?
Is there such a thing as residential property advice in America?
Where are the auctions held in Texas? (!)

ALSO, we’re doing Movember this month! We’ve been supporting this cause for years but this time, we plan to expand the awareness on men’s health and help the support the cause to our community. Our target is $5,000. Now, our show is free but if you think we are doing a good job, please donate here.

Every dollar counts! (Bucket loads of good karma awaits you.)

Here’s the link again: https://moteam.co/the-property-couch

Free Stuff Mentioned

Questions We Answer:

Timestamps

Plus, The Top Performing Properties from the month:

The Top Insights in this Bonusisode:

Plus, The Top Performing Properties from the month:

Instagram

Free Resources

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