398 | From Financial Anorexia to Financial Peace of Mind – Chat with Jack

By The Property Couch July 7, 2022 in Podcast, Summer Series, Winter Series

Subscribe On Itunes Subscribe On Android

“I wouldn’t be going on holidays, I wouldn’t be going on those trips or just those little things, I guess the little voice in the back of my head going, “Oh, you sure you can afford that?”

Folks, today’s guest has been through a remarkable journey. He’s transformed from a state of Financial Anorexia to achieving Financial Peace of Mind – but his tale doesn’t begin as you might think.

Jack didn’t grow up scrounging for pennies for the bus or living under a tight budget. Instead, he grew up in a hard-working, small business household where he was already jumping on to help with work at the age of 14! Basically, Jack knew the value of money and had a strong work ethic from very early on.

So…how did he become Financially Anorexic?!

And what did he do to get himself out of the paralysis?!

That’s just some of the amazing chapters in Jack’s story – just wait till his now-wife, Hannah enters the scene and Jack has to create new Money Norms as a couple!!

It’s a truly motivational tale about taking control of one’s life and facing one’s fears through planning. Thank you for sharing your story with us Jack, it’s a true testament to the power of taking action.

Such an uplifting story – tune in now folks.

P.S There’s also a sneaky story about Bryce getting sacked from a job – tune in to find out why 😉

P.P.S. After weeks of prep, we hosted our BIGGEST webinar to date last night. Yep, we covered How to build a multimillion-dollar property portfolio in a rising interest environment and boy was it a hit! Missed out? You can still watch the replay (for a very LIMITED time only)…click here to watch it now…

Free Stuff Mentioned…

FREE eBook – Make Money Simple Again
FREE MyWealth Portal & Start Your Financial Transformation Today! (includes Money SMARTS, Money FIT + Money STRETCH) – Free Sign Up Here
BingeGuide to Property, Finance & Money Management – Download here
We’ve just had our biggest-ever Webinar on How to build a multimillion-dollar property portfolio in a rising interest environment. Missed it?! You can still catch the free webinar replay for a LIMITED TIME ONLY >> Watch the webinar replay here (before it’s gone for good!)

Here’s some of the gold we cover…

0:57 – Did you miss our BIGGEST webinar ever on how to build a multimillion-dollar property portfolio in a rising interest environment?! You can catch our LIMITED TIME replay here…don’t miss out again!
1:56 – Meet Jack!
3:31 – Money conversations from a small business household with 4 kids…
6:20 – How he developed a strong work ethic from 14 years old!
7:33 – The job Bryce got sacked from 😮
9:08 – Yep. When Jack turned 18 he bought a ….
9:52 – His Gap Year
12:18 – When following in your brothers’ footsteps is a good thing!
14:11 – What Jack’s first investment property was like!!
16:18 – If he was doing alright…then why did he get a plan?!?
17:50 – Having a plan forced him to face THIS question….
18:35 – The Symptoms of Financial Anorexia
21:18 – How it manifested for this couple…(Be warned folks!!)
22:02 – How Jack faced his fears and got out of paralysis!
23:10 – What is Financial Anorexia?
25:27 – His FIRST financial plan
26:30 – “It was literally like taking the shackles off my wrists…”
27:27 – Why numbers are SO important (especially for passing… the sleep test?!)
31:06 – Folks, M_N_ _I_NG your plan is just as critical!
32:32 – Enter…Hannah!
34:20 – How they optimised their “Big Rocks in the Jar”!
36:00 – Buying their first investment property together!!
39:38 -How did they set new Money Norms in a relationship?
41:05 – Why couples NEED money conversations!!
45:24 – Listen to THIS for some timeless wisdom
47:16 – Let’s deep dive into their Property Plan…
50:04 – Jack sneaks this one in…
50:43 – Our top takeaways!
54:30 – It’s all about building confidence folks!

397 | “I Thought Investing was for Rich People” – How Knowledge Unlocked his Financial Freedom – Chat with Anthony

By The Property Couch June 30, 2022 in Podcast, Summer Series, Winter Series

Subscribe On Itunes Subscribe On Android

“I thought investing was for RICH people, and that’s just what it was. It was something a normal person didn’t do, and now our eyes are open – the possibilities are endless really.”

Growing up in a household with a tight budget and parents working double jobs to feed a family of seven, our second Winter Series guest didn’t have a lot of money conversations around the table…

In fact, there was none.

Born and bred in Dublin, Anthony graduated into a culture where holidays were funded by loans and you spent everything you had, every week….even when he was working 3 jobs. 😱

And he might’ve kept going down this path if not for his significant other – Carly -who thankfully bought him his first investing book, The Barefoot Investor, at age 27.

Over the next decade Anthony has turned it all around, transforming from super spendthrifter to seasoned property investor and renovator.

Find out how he made the jump, the practical lessons and behavioural management skills he’s learned along the way and how he’s “paper trading” his way towards investing success.

Such an empowering tale folks, listen now for a big dose of motivation. 👊

P.S. The countdown is on! Less than ONE WEEK until our webinar where we’re sharing the #3 biggest secrets being investing success. We’ve still got some spots left so make sure you register now to save yourself one!

Free Stuff Mentioned…

FREE eBook – Make Money Simple Again
FREE MyWealth Portal & Start Your Financial Transformation Today! (includes Money SMARTS, Money FIT + Money STRETCH) – Free Sign Up Here
BingeGuide to Property, Finance & Money Management – Download here
Check out all our courses that Anthony mentions here…
Our webinar is next week on Wednesday, 6th July folks! To learn how to successfully build a multimillion-dollar property portfolio in a rising interest environment (and beyond) make sure you reserve your spot now – there aren’t many left!

Here’s some of the gold we cover…

1:01 – The Countdown is On – Next week is our webinar folks!
1:55 – Meet Anthony: Growing up with both parents working double jobs…
5:25 – “I spent everything I had, every week”
7:20 – Being raised in 2000s Dublin: The GFC & his journey to Australia
11:38 – How did he get into investing at age 27?
12:52 – His road to The Property Couch and property investing!
14:40 – What did Anthony choose property?
15:40 – Managing debt + rising interest rates: how does he stay calm?
18:28 – How a plan is helping couple in 2 very different ways
19:45 – A wedding, another investment property and renovating: How are they achieving it all?
22:45 – How are they building buffers into their portfolio?
25:26 – Having different risk profiles: what conversations are this couple having?
26:51 – What benefits does the plan bring for Carly + Anthony?
31:15 – Moving from FIFO to Family focused: how has it been worked into their roadmap?
33:05 – Why Anthony is “paper trading” his life…
34:40 – The Thought Process behind Staying vs. Upgrading their Property
38:30 – Why this couple feels like they’ve already made it!
42:30 – WHY they created a plan!
43:54 – Anthony has locked down this ONE point which is leading him to success…
44:30 – What would life be like for him without a plan?
47:23 – Our Key Takeaways!
48:48 – How many properties do they need?!

396 | From Public Housing to a $180K Passive Income Per Year: The Power of Planning – Chat with Kim

By The Property Couch June 23, 2022 in Podcast, Summer Series, Winter Series

Subscribe On Itunes Subscribe On Android

As Australia descends into winter, what better way to celebrate the chill than by kicking off our 2022 Winter Series?!

In this special edition series, we’ll be deep-diving into some of our listener’s personal stories, going behind the scenes to share their challenges and triumphs and exploring how they’re successfully investing in property thanks to the power of planning.

We’ve got a very special lineup of guests, all with very different money stories but all with 1 thing in common…

They’ve each faced and overcome life’s difficulties and “planned to become, what they planned to become”! Basically, we’re uncovering…how folks are creating long-term plans WITH short-term variations!

To open our Winter Series, we’ve got a guest with a real “rags to riches” story – beginning as a refugee in the UK…

“We were placed in social housing to begin with in a rough neighbourhood with high crime rates. It was not the kind of place you’d say hi to your neighbours. You’d just keep to yourself.”

Ever since she was young, today’s guest was exposed to the importance of money.

Relocating as a refugee from Vietnam, Kim watched her parents start from scratch, working odd jobs to save money, raising a family and eventually buying their own business.

Did that mean she was wise when she got her first pay packet?

Definitely not!

So how did she evolve from her splurging years to owning 2 investment properties with her partner, well on her way to achieving a $180K per year passive income?!

This one’s a must-listen folks – Kim is articulate, funny and relatable as she recounts journeying to Australia with no job lined up, her initial wacky investing ideas and how long-term planning has helped her to find financial success.

Thank you for sharing your story with us Kim – we’re honoured to be opening our first Winter Series with you!!

P.S We’ve lifted the lid on Pandora’s Box folks. The details for our 2022 webinar are officially out! In just over 2 weeks, on Wednesday 6 July, we’ll be logging on at 7:30pm AEST to share the #3 biggest secrets behind any investor’s success…

Secret # 1 – How to Buy an Investment Property without Impacting the Family Budget
Secret # 2 – How to Retire on a $2k per week Passive Income with 5 Properties or Less
Secret # 3 – How to Model the Mindset of the World’s Best Investors!

Excited yet?! Spots are limited though, so register here now to save your place!

Free Stuff Mentioned…

Want to find out the #3 biggest secrets for successful property investing? Come along to our Webinar! Click here for more info.
Looking for a Qualified Property Wealth Planner? Why not check us out for a FREE no-obligation consultation?
Can’t wait for our next Winter Series episode? Listen to our 2021/2022 Summer Series which is all about Transformation!

Here’s some of the gold we cover…

0:40 – Welcome to the Winter Series folks!
2:05 – PSA: Our upcoming Webinar details AND the #3 biggest investing secrets we’ll be sharing in it!
4:35 – What was Kim’s money story growing up as a refugee in the UK?
8:52 – The Splurging Saga
9:40 – Kim’s family business: How did they build wealth?
11:30 – What changed Kim’s mindset + ingrained views around debt
12:55 – What it was like growing up in a rough neighbourhood
14:17 – What sparked Kim’s interest in wealth-building?
16:50 – Rocking up to Australia: 1-year VISA & no job in place…
19:49 – “Within 8 minutes our hearts were crushed over and over again…”
22:11 – How they got their first investment property!
24:45 – Juggling job security and an investment property during COVID
26:30 – The 2nd investment property: Not what they thought?!
27:50 – The wacky ideas they had before coming to their advisor…
29:54 – How this couple found their sweet spot in debt levels
32:15 – Why having a plan on paper is so important
33:43 – What simulations did we run for them?
34:43 – How is a roadmap helping Kim & Arnie?
36:18 – What is their plan? (Wow – partially retiring at 45?!)
38:45 – Set to buy in 2030: What is the value of planning long-term?
41:15 – Kim on the biggest benefits of having a plan
43:10 – Why did they decide on a $3k weekly passive income goal? ($180K per year!!)
45:23 – Why having debt at retirement is…ok?!
48:00 – What’s internal financial transformation did Kim undergo?
49:20 – Kim’s advice to listeners…
51:40 – Our key takeaways!

393 | The Top 3 Influences on Investing Success – Chat with Scott Phillips

By The Property Couch June 2, 2022 in Podcast

Subscribe On Itunes Subscribe On Android

Have you ever wondered what the BIGGEST influences are on an investor’s success?!

Is it passion, personality, time, experience, learnt market timing or even luck?! Or are you just born with a “business brain”?!

Well folks, our very special guest today can actually narrow an investor’s success down to just 3 things!!

And if you’ve got that covered, well according to him…you’re basically going for gold!

This awesome guest – Scott Phillips – is the Chief Investment Officer at the Motley Fool Australia (Tune in to 10:08 for a fun story on how he landed his first position there!) and runs the Motley Fool Share Advisor and Everlasting Income services. He is also a fellow podcast hoster, co-presenting one of Australia’s top business podcasts: the Motley Fool Podcast!!

Today he’s dispelling so much timeless wisdom from how to tell if a business is “Investment-grade” to his golden rules for investing.

He and Ben will also discuss the differences, pros and cons when investing in shares and property, and we’ll be peeling back the layers of his money story!

So if you’re ready to learn the ultimate, simple wisdom that leads to investing success, press play now!

p.s Make sure to tune into “What’s Making Property News” too. The NSW Greens Party are introducing some seriously radical changes to its Tenancy laws that will have negative effects on Rent Control, Evictions and Termination of Rental Agreements. This has the potential to implode the Residential Property market, hurting its tenants more and forcing more people to rely on Government assistance.

If you own an investment property in NSW – we strongly urge you to contact your local member of parliament to express your concerns about the unintended consequence of this change.

To find your local member click here.

Free Stuff Mentioned…

Have a look at the Vanguard Index Chart that Scott mentions to see the power of compounding!
Sign up to watch PICA’s Webinar on Securing Finance in a Changing Economic Environment (Members can also watch the Replay!)
Looking for a new book? Check out “The 5 Second Rule: Transform your Life, Work, and Confidence with Everyday Courage” by Mel Robbins (Bryce’s Lifehack)
To take action against the radical NSW Greens Bill, please contact your local member of parliament and express your concerns over its long-term market impacts. We must act now!

Here’s some of the gold we cover…

0:42 – Ben’s joined the COVID Club 😮
3:55 – Check out PICA’s Webinar on Securing Finance in a Changing Economic Environment!
5:00 – “Success is a lousy teacher…”
6:47 – Meet Scott Phillips!
8:17 – The origins of the “Fool”
10:08 – How a Facebook article led Scott to become a Motley Fool!
13:35 – Scott’s backstory: From tobacco tin budgeting to the best advice for a high school student
17:26 – Why he won the “Ovarian Lottery”
20:11 – His firsthand experience with Spruikers…
23:04 – The first 2 investing mistakes Scott made (& the silver lining in it!)
25:11 – His journey to becoming an investing guru!
26:38 – Scott’s easy yet GOLDEN rules for investing
32:17 – It all boils down to B___ M____ and T____!
34:23 – How to get your kids in the market
35:55 – Shares & Property: Let’s compare the Numbers and Risks!
41:09 – The TOP 3 things that’ll maximise your investment returns
43:25 – A sneak peek into Scott’s property portfolio
46:07 – The Pros and Cons of Shares and Property
47:53 – The 5 reasons a business is “Investment-grade”
55:22 – The Best Advice for an Investor: Investing is about B___ not about…
57:27 – Why Scott KEPT investing in shares through COVID-19
1:03:45 – Is Crypto worth investing in?

And…

1:07:29 – Let’s Recap!
1:10:05 – Some of Scott’s Twitter GOLD
1:12:30 – The 5 Second Rule: How to move from thinking to doing
1:16:55 – Folks…this is terrible policy for NSW’s Residential Property market. Report your concerns to your local parliament members now!

380 | Is the Property Market Past its Peak?

By The Property Couch March 3, 2022 in Podcast

Subscribe On Itunes Subscribe On Android

With Australia’s housing boom slowing and interest rates on the horizon, folks it’s finally time to ask…

Is the property market past its peak?!

To help us answer this question we’re doing a deep data dive into CoreLogic’s Hedonic Home Value Index February report!

We’ll be unpacking the cycle just passed, its monthly and annual data, and what it means for our future…

But remember folks: We’re talking about the peak rate of growth!

While this means we probably won’t see the same level of growth in 2021, it does NOT mean you shouldn’t invest for the rest of the year!!

We’re also making some projections into 2022’s capital growth, breaking it down to the positives and negatives we expect to see in demand and supply.

You can expect us to cover everything from population movement to immigration, commuting to climate change and more!!

But before you go check out the podcast, we’ve got a special announcement…

IT’s OUR 7^th BIRTHDAY!

(Well, it was last week but time flies when you’re having fun 😉). A huge thank you to the Stig, our team, and all our listeners and contributors who make us what we are!

But back to the good stuff… this episode has loads of future predictions that could help you make the best decisions in 2022, so tune in now!