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Going Against the Greats – Why You Shouldn’t Pay Yourself First!

Note: This episode is a re-run of one of our older episodes. It originally aired on 8th June 2017 😊  

According to Albert Einstein, “Compound interest is the eighth wonder of the world. He who understands it, earns it…and he who doesn’t, pays it.” 

In this week’s episode, Bryce and Ben discuss the fascinating power of compounding. 

Tune is as they answer listeners’ questions, explain how you benefit from delayed gratification, and share their experiences and advice on property investing! 

   

Free Stuff Mentioned

 

Additional Resources

 

Timestamps

    • 0:00 – Going Against the Greats – Why You Shouldn’t Pay Yourself First 
    • 4:35 – Tom Panos: “80% of winning is beginning” 
    • 5:58 – Mastering the power of money 
    • 6:56 – Listener Question #1 – Chris 
    • 9:09 – Would you prefer $1,000,000 now, or $0.01 today and double it every day for 30 days? 
    • 18:51 – The benefits of delayed gratification 
    • 24:25 – Leverage is the independent umpire 
    • 27:04 – Dud = dead on arrival? 
    • 30:17 – Listener Question #2 – Greg 
    • 30:33 – Why you shouldn’t pay yourself first! 
    • 32:51 – The plastic money world 
    • 33:42 – MoneySMARTS – the holistic approach to managing your money 
    • 36:46 – Ultimately, it’s about making sure you are enjoying life! 
    • 38:16 – The cup size theory… 
    • 40:33 – Plan to become what you plan to become 
    • 42:05 – Advice from Ben & Bryce on whether you should invest in the current market! 
    • 44:10 – LocationScore 
    • 47:22 – Bryce’s Life Hack 

 

Redefining Debt: The Game Changing Strategy You Need to Hear

In this week’s episode, Bryce makes a guest appearance on the Wealth Time Freedom (WTF) podcast, hosted by Terry Condon!   

They cover a wide range of topics including:
        💵 Horrible, tolerable and productive debt
        🏘️ How to pick an investment grade property
        👩‍👦‍👦 Demographic shifts that are likely to impact property prices over the next 5-10 years 

This bonus episode is all about the courage to pursue passion over expectations, cultivating financial resilience, and playing the long game of property investment! 

 

Free Stuff Mentioned

 

Additional Resources

 

Timestamps

  • 0:00 – Redefining Debt: The Game Changing Strategy You Need to Hear 
  • 0:50 – The “Man in the Ferrari” paradox 
  • 4:09 – What piqued Bryce’s interest in property (back in 1998!) 
  • 6:50 – On Dad’s generation, mindset & influence 
  • 13:27 – Starting his own business 
  • 17:10 – When the Global Financial Crisis hit 
  • 18:27 – What advice Bryce has for his younger self 
  • 20:16 – Leaning into the “Scary Ugly” 
  • 21:49 – How The Property Couch podcast started in 2015 
  • 23:39 – We Fix Bad Advice – the barbershop analogy 
  • 25:09 – People need guides, not heroes! 
  • 29:18 – Why the best way to learn is to teach 
  • 30:52 – The journey to helping 10,000 clients get into the property market 
  • 34:26 – Horrible, tolerable and productive debt 
  • 37:21 – How to retire on $2,000 a week 
  • 42:14 – Control your debt to control your life 
  • 44:45 – How to pick a great investment asset! 
  • 56:35 – Emotional forecasting – do you do this? 
  • 58:43 – How baby boomer wealth transfers will reshape the housing market 
  • 1:01:36 – Must listen for anyone looking to get into property, but not quite sure if it’s the right time! 

 

The Property Investment Formula That Works In ANY Market And At ANY Time!

If there’s just one framework you should focus your attention on if you want to be a successful property investor… please make it this one!

Folks, in today’s episode we’re revealing THE Property Investment Formula you need, not just in your toolkit, but also what you must implement if you want to build a multimillion-dollar property portfolio that creates a passive income for yourself and your loved ones!

Our Property Investment Formula is made up of FOUR critical elements – what we call our our “A.B.C.D.” Pillars of Mastery – and it works in ANY market and at ANY time… (yep!)… ‘cos this is an evergreen formula to invest in property. It really will work today, tomorrow and forever. So make sure you get this framework RIGHT.

The “A.B.C.D” Pillars of Mastery are…

  • Asset Selection
  • Borrowing Power
  • Cashflow Management
  • Defence

BUT while this “A.B.C.D” Acronym makes it super easy for you to remember… these Pillars are NOT in their correct order as you would apply them in real life… so, please NEVER start with the property (Asset Selection)!

We’re about to unpack what order to apply our “ABCD” Property Investment Formula and how to implement and what to consider in each individual Pillar.

This is one of our all-time favour frameworks and, yep, it is absolutely critical for every property investor, no matter what stage they are in!

Listen now to get the proven formula to invest in property that works in any market and at any time!

Don’t forget, get further insights and “play along at home” by picking up a FREE physical copy of our book here: http://www.thearmchairguide.com.au/

 

Here’s a bit of what we cover in today’s episode…

  • What is Asset Selection?
  • What and Where should you buy?
  • The 4 Developer Tricks To Avoid At All Costs
  • New vs Old Properties
  • Investment Grade vs Investment Stock
  • How to recognise an Investment Grade Property
  • What is Borrowing Power?
  • How do you maximise your Borrowing Power?
  • How to Structure your home loans
  • Principle Interest vs Interest Only
  • What’s a Cash-on-Cash return?
  • Why’s interest rate NOT king?
  • What is “cross-collateralisation” ?
  • Should you pay Lenders Mortgage Insurance (LMI)?
  • Why should you NEVER get a loan directly from the bank?
  • Who should you get your mortgage advice from?
  • What is Cashflow Management?
  • Good Management vs Great Money Management
  • Four Steps to Elite Money Management
  • Why is “Liquidity” so crucial for a property investor?
  • What should you do with your money?
  • Or Money SMARTS system to Financial Peace
  • What is Defence?
  • How can you protect yourself, your family and your property portfolio?
  • What type of insurances are there?
  • What professional should you seek out?
  • How can you reduce your risk?

 

Free Resources

  • Free Book – The Armchair Guide To Property Investing: How to Retire on $2,000 A Week (please just pay for postage – we’ll pay for the book and send it anywhere in Australia for you.)
  • The Property Couch PodcastThe Insider’s Guide to Property Finance and Money Management (This is Australia’s #1 Property Podcast with over 307+ episodes that features HEAPS of simple and actionable frameworks, countless interviews with the best minds in the Australian property and finance industry and a ridiculous number of free resources to help you at any stage of the property investment journey)

 

Episodes from The Property Couch to Further Support You…

 

 

 

 

Bet $1 To Make $10 – How To Master Leverage And Compound Growth Without Risking It All

Have you ever wondered how to accelerate your wealth position without having to risk everything? If so, we have something very important to tell you in this episode that – let’s be real here – a lot of folks don’t actually know about.

Property Investors actually have a Superpower…. and that Superpower is LEVERAGE.

But it gets even better than that. Because if you add this superpower with another one – “The Compound Effect” – you’ll be sitting very pretty indeed! And these two fundamentals of investing are what make property such a safe and sustainable vehicle for wealth creation.

If you have no idea what we mean by “leverage” or “compounding”, that’s totally okay… ‘cos we’re about to fill you in on exactly what these terms mean and how they amplify your ability to create a passive income for life.

Plus, we’ll be walking you through WHO exactly property investors should have on their team as well as other investment choices you can consider instead of/as well as property!

Sound good?

Listen to now to learn how to master leverage and compound growth WITHOUT risking it all!

Don’t forget, get further insights and “play along at home” by picking up a FREE physical copy of our book here: http://www.thearmchairguide.com.au/

 

Here’s a bit of what we cover in today’s episode…

  • How does lasting wealth creation occur?
  • Why can’t you “save your way” to a passive income?
  • What is Leverage and how can you use it to make your money work MUCH harder for you?
  • What is The Compound Effect and why does this totally change the game if you’re investing over the long term?
  • What are the four ways we generate money?
  • How can you accelerate your wealth safely AND sustainably?
  • Why shouldn’t you trust the Australian Pension to look after you in retirement?
  • What types of investments are available to you?
  • Why is property such a great investment vehicle, particularly if you want a “hands off” approach to a passive income?
  • What professionals do property investors need on their team?

 

Free Resources

  • Free Book – The Armchair Guide To Property Investing: How to Retire on $2,000 A Week (please just pay for postage – we’ll pay for the book and send it anywhere in Australia for you.)
  • The Property Couch PodcastThe Insider’s Guide to Property Finance and Money Management (This is Australia’s #1 Property Podcast with over 307+ episodes that features HEAPS of simple and actionable frameworks, countless interviews with the best minds in the Australian property and finance industry and a ridiculous number of free resources to help you at any stage of the property investment journey)

 

Episodes from The Property Couch to Further Support You…

 

 

Bonusisode – The Four Critical LEVERS to Financial Peace and… a Free Book! 😊

The process of building wealth is like operating an excavator truck..🤣🤯🤔

http://bit.ly/35CWlOX

What do we mean by that? An excavator comes with a few levers that you’ll need to push and pull to make sure that it’s doing what it’s meant to do. So in this Facebook LIVE, Bryce and Ben shares four levers that you’ll need to adjust to achieve your own specific and unique end goal. And the faster you can adjust each of these levers, the quicker you’ll get to your goal.

Tune in to this Facebook LIVE to learn more.

And of course… it was our Black Friday Sales folks!!! This is our first sale ever so we’re a bit excited about it AND since you’re part of our community, we’re letting you know that the offer is still up!

Here’s the link to claim your Free Copy of The Armchair Guide to Property Investing >> www.thearmchairguide.com.au

 

 

P.S. Interested to learn more about building a property portfolio? Here are our top recommendations!

 

 

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