On Property Podcast

https://www.youtube.com/watch?v=rQ9aYexpWOM What exactly is negative gearing? How does it work and how can you actually make money from an investment property that is losing you money to hold?

https://www.youtube.com/watch?v=KoJBfZiERvM Being in debt can be extremely stressful and emotional and it can be pretty tough to deal with. In today's episode we are going to talk about how to emotionally deal with debt and what are some tips I can give you. 0:00 - Introduction0:50 - For me I started just living in denial1:35 - #1: Admit that you stuffed up3:18 - #2: Don't feel shame about those mistakes4:13 - #3: Write down ALL of your debts and minimum repayments5:05 - #4: Let yourself be overwhelmed6:05 - #5: Think about what you're afraid of losing8:09 - #6: Organise a short term budget9:16 - #7: Take the long view10:19 - #8: Have the hard conversations10:44 - #9: Talk to people you trust and who won't judge you12:57 - #10: Look to expand your income and your life15:03 - #11: Recognise you will have bad moments and bad days15:52 - #12: Accept that you're going to have to sacrifice things16:55 - #13: Find ways to make your life amazing without a lot of money18:38 - #14: Spend A LOT of time educating yourself19:42 - You've got this! You can do this! Recommended Videos: How To Get Out of A Debt Hole The 15-Minute Budget How To Deal With Debt Collectors Transcription: Ryan 0:00being in debt can be extremely stressful and extremely emotional and it can be pretty tough to deal with it i've personally been in a lot of debt i'm still in debt but i kind of feel like i'm on top of it now but in today's episode i'm gonna walk down to my van because it's just it's a comforting space and i love being down there and we're going to talk about okay how did i actually emotionally deal with being in debt and what sort of tips can i give you i do want to say that this is not a video about dealing with debt collectors i don't have any experience with that so i'll link out to a video down below if that's you and also i'm not a qualified psychologist or anything like that i've had depression and anxiety in my own life but if you need professional help please go ahead and seek it so here we are at the van let's go ahead and open it up but how do you deal with the emotional stress of debt for me to start with i just lived in denial i did a couple months where i was just in complete denial about my debt in case you're wondering what's in this box it's like all my notes for this episode as well as some filming gear so when we're in here we can set ourselves up pretty well but i absolutely love this fan hi it's not in the best condition at the moment but i'd love to fix it up hopefully in future videos we can go on some adventures and actually film you know add some cool places in this van so i think the first thing and i'll go ahead and sit down or set up this tripod in a minute but the first thing is actually admitting that you stuffed up admitting that you've done wrong admitting that your past self you weren't as ideal of a human as you probably should have been you made some dumb choices you spent money in ways that you shouldn't have you got yourself into debt you over committed and now you're in a difficult situation and i think admitting that okay i've actually made mistakes to get myself to this point but the person that made those mistakes that that was passed me that was passed ryan that did that and that ryan didn't know what he knows today i didn't know that it would lead me to this situation or if i did i didn't have the ability and the willpower to make a better decision but i'm learning and i'm getting better and i can't completely judge myself what i did yes i did wrong yes i should have done better but that's done that's in the past now all i can focus on now is okay what can i actually do to move myself forward and to get better and so admitting that you've made mistakes in the past i think is a really great way to emotionally deal with it but then also putting that on your past self and saying that was who i used to be that was previous decisions that i've made i now have a decision of how i'm going to move forward with my life and with paying off the debt that becomes really empowering so let's go ahead and get comfortable and set this up my short term goal is actually to convert this into a working desk so we're going to take out this shelf and this is actually the perfect height to sit on and i'm going to use my sq here as the seat so let's go ahead and sit down okay so we've admitted that we've made some past mistakes in our life i think it's really important to not feel shame about those mistakes and that's what we talked about with okay our past self did this that was their decision their mistakes i should have known that i didn't oh well let's not feel shame about that it's completely normal to fuck up it's completely normal to make

https://www.youtube.com/watch?v=EQ8WLNAMNwY Debt can cripple your finances and your life, but if you find yourself in a debt hole what can you do to get out of it? I personally found myself in a lot of debt, experienced the overwhelm and had to claw my way out of it. Here are some of the things that helped me. Free budget template 0:00 - Introduction1:05 - Being in debt is super common1:42 - Admit that you messed up3:39 - Write down all of your debts4:45 - Let the overwhelm wash over you5:26 - Create a budget where your debt payments are automatic3s7:16 - You may need to take drastic action8:42 - Stop yourself getting into more debt9:11 - Accept generosity but don't expect it10:39 - Bring people around you who will support you paying off your debt11:39 - Focus on earning more money13:48 - Build up a buffer15:22 - Pay off those debts in a way that works for you17:32 - Summary Recommended Videos: The 15 Minute Budget How To Deal With The Emotional Stress of Debt The $1,000 Project Book Review (By Canna Campbell) How to Deal with Debt Collectors Transcription: Ryan 0:00Debt can be extremely crippling, it can cripple your life obviously cripple your finances, it can cripple your emotions and just make everything really hard to deal with. And it can be really hard to get out of that debt hole. Last year after a separation and relocation into state, I found myself in quite a bit of debt and in my own debt hole. And it really took me a year to 18 months to really get on top of that debt. And to get out of that debt hole and feel like okay, I'm on top of this, now, I can see that this is going to be paid off in the future. So I'm not completely out of debt yet. But I'm out of the worst of the situation where it's like, this is just, I'm completely in this hole, I don't know how I'm going to get out of it. I don't know how I'm going to afford to pay this debt and continue to live my life and kind of come through that journey, and come out of it. And hopefully, you can learn from some of my experiences. And what I did, hey, I'm Ryan from OnProperty, helping you on your journey to financial freedom. And let me just first say that being in debt happens to so many different people. So it's nothing to be ashamed of. And if you're listening to this, and you're in debt, and you want to get out of it, then good for you. Because most people won't actually sit down and watch something like this or go through the steps to get out of it. They'll just live in it for the rest of their lives. So I applaud you for stepping up to the plate, and for actually trying to get out of your debt hole. So how can we do it, I will say this is not financial advice. I'm not a financial advisor. This is for general educational purposes only. And something that helps me, I think the first thing that is really important to do, or at least was important for me, is to just admit that you fucked up, like admit that you did something wrong and that your past self didn't make the greatest decisions to put you in the best position. Now that might be you were just frivolous with your money and you were being silly, it might be that you didn't have the foresight that you have. Now, it might be that things happen that you didn't predict or didn't prepare for. For me, I was financially free through my businesses, or I call pseudo financial freedom. My businesses were kind of earning enough money that I didn't really need to work much. But I live right on the line, or maybe a bit over it. And I didn't build any buffers into my life. And then what happened was I went through a separation business went through a downturn. So my expenses went up significantly, at the time, my income dropped, and there was all of a sudden this big gap. And really quickly, I went into a decent amount of debt, a significant amount of debt for me. And so, you know, that kind of happened. And there was mistakes that past Ryan made. that put me in that position, there was decisions that I made through that separation, where I over committed to things definitely, there were situations leading up to that where I didn't create any buffers or savings in my life, and actually built up a little bit of debt over time. So when that situation came crashing down on me, I was ill prepared for it. So I made a whole bunch of mistakes to end up in the position that I was in. And I had to sit with that to say, Okay, I made those mistakes, but I like to look at it as past Ryan made those mistakes. Ryan from the past who didn't know what I know now, who isn't the person that I am now, he made those mistakes, and those mistakes are done. There's nothing I can do about it. So let's just let go of that shame. Let go of that and just admit, okay, I stopped out, what are we gonna do now, the next step was a really important one for me, because up until that point, I&#

https://www.youtube.com/watch?v=UIqd5HXwiyc Property investing can be overwhelming and some strategies are so complex and difficult it's hard to work out what steps to take. So today I want to share with you a really simple property investing strategy that just seems to work. Book a free property strategy session Downloadable PDF 0:00 - Introduction1:24 - 2 Properties to Financial Freedom1:57 - What exactly is this strategy?5:11 - What makes this strategy so powerful?7:40 - How this strategy lowers your risk9:20 - This gives you a clear path to financial freedom11:20 - You can adjust this strategy to suit your needs12:45 - This is not a get rich quick strategy18:10 - A simple property investment strategy that just seems to work Recommended Videos: 2 Properties To Financial Freedom Transcription: Ryan 0:00property investing can be overwhelming there's so many different strategies that it can choose from and there can be these larger than life gurus who are going to teach you through their complex method how to achieve greatness in property but often it's so complicated and so difficult that's really hard for you to work out okay what steps do i need to take and how is this going to lead to financial freedom or whatever it is that your goals are so today i want to take the time to share with you a really simple property investment strategy that just seems to work it's simple enough that people can understand it that people know what their next steps are that they can implement it and that they can actually move towards financial freedom and even more exciting is that this strategy is actually changing people's lives in the short term as well so they're able to gain choices in their life maybe not for financial freedom but they're able to change their lives in significant ways and we'll talk about some of that stuff as well so i hope that you're excited to hear more about this strategy hi i'm ryan from onproperty helping you on your journey to financial freedom and a lot of you who have been following me for years will already know about the two property to financial freedom strategy and for some of you it might be the first time hearing a strategy like this and two properties to financial freedom is just that simple it's purchasing two properties that ultimately delivers you financial freedom but the really cool thing about this strategy is that it's not convoluted it's really simple but it can also be flexed and changed and adjusted based on what your goals are so let's talk through this strategy let's talk through why it's so powerful and let's help you see whether or not this is something that you would like to pursue in your life and help you work out what your next steps are so what exactly is this strategy why is it so simple why is it working so well the strategy is a mixture of cash flow and capital growth so capital growth is growth in value of the property or buying in high quality areas where the property is going to go up in value as well as positive cash flow the property you see getting good rental income from your property which means you're getting more rental income then you have an expenses on the property so this means you purchase the property and when you're renting it out the rent that you're receiving from your tenants is paying for all of the interest on the mortgage and paying for all the expenses on the property so it's a mixture of the two and actually what's really interesting about this strategy is you don't actually need the capital growth element of it we want capital growth because why the hell not right if you can get it you want to get it but you also want that stability that we know that this property is going to be rented well into the future because we may even keep this property for our lifetime and this property may deliver us financial freedom so the strategy what is it it's really simple you go out and you purchase a property purchase within this property ben and the team over pumped on property or working in brisbane with clients so they're purchasing a house on a good size block of land and then they're building a granny flat out the back or building a tiny home out the back of the property so you purchase a property in a high quality metro market so brisbane area in sabah that is expected to grow within the next 15 2025 years so high quality suburb you're purchasing a house you're renting out the house and then you're dividing it up so you're putting in a fence so the house has its own private backyard and then you building a tiny home out the back also known as a granny flat which has its own private entrance its own private smaller courtyard sort of size as well and you're renting out those two separately so what this means is that you're able to get the high quality piece of land in the metro market b

https://www.youtube.com/watch?v=HRcfnbVEhTw How many properties do you actually need to be financially free and how do you map out from where you're at now to actually being financially free? Book a free property strategy session 2 Properties To Financial Freedom Strategy 0:00 - Introduction0:50 - The two ways to work it out1:06 - The mortgage-free option4:43 - The positive cash flow option7:50 - How many properties do YOU need Recommended Videos: 2 Properties To Financial Freedom $15,000 in Passive Income From Just 1 Property

https://www.youtube.com/watch?v=I8x-_Fzcu3k I've tried so many different budgets and ways of budgeting over the years, none of which work. Eventually with I created what I can The 15 Minute Budget as an easy way to create a budget and automate your finances and your savings. ING Special Offer Free 15 Minute Budget Template 0:00 - Introduction0:34 - What is The 15 Minute Budget3:48 - Bank accounts you need to make this work5:04 - Going through the 15 Minute Budget Template12:28 - Setting up automations15:43 - Managing your budget weekly16:41 - Setting up automatic transfers18:44 - What do you do when a bill is due20:11 - How to use this budget to pay off debt21:24 - Why this works so well for me22:31 - The 15 Minute Budget in a Nutshell Transcription: Ryan 0:00I have tried so many different budgets and way of budgeting in the past, it's not funny at all, without much success either tried everything from putting cash in envelopes to using iPhone apps to daily tracking my money to give myself a daily amount, I tried so many different things. And all of them just I really struggled and failed to the point where I just didn't run a budget. And it wasn't until I started getting serious about my finances, that I decided I need to work out a way that works for me. And with the help of the Barefoot investor, in mixing some of my own ideas, I created what I call the 15 minute budget. Now, this is a budgeting technique where you can sit down and in a matter of about 15 minutes, you can kind of do a reset of your life, and quickly see how you're going in terms of income, what your regular expenses are, how much you know, you're paying in Internet and Phone and rent and things like that. And then you can look at, okay, how much money do I have leftover for spending each week, and you can give yourself a regular amount of spending money. And this is your focus. So the 15 minute budget is a sit down so you can look at this. But then you can also automate all of this sort of stuff. So your income comes in, then you automatically organize your regular expenses to be paid. So things like your rent, things like insurances phone bill, even bigger things that you have to pay for annually, like your car registration, these aren't going to be a shock to you anymore, because you're going to automate saving for those so that when your car radio comes up, and you've got to pay one or $2,000 for that, that money is already put aside, when your gas bill or your electricity comes up every quarter, you're gonna have money put aside for that. So we're going to automate everything. And then we're also going to give ourselves a set amount of money each week to live off. Well, you can do fortnightly or monthly if you prefer, but we're going to give ourselves a set amount of money each week to live off. That's our spending or our living money. And that's where our focus goes. So it's a sit down, it's a let's get clear bird's eye view of where I'm at. Let's then go ahead and organize and automate everything. And then all I have to focus on is my spending money each week. So my regular expenses, all paid for my debt reduction, all paid for my saving for my house deposit, all automatically paid for this will do everything automatically. And all I have to focus on is each week, I've got a set amount of money, let's say I've got $400 per week to spend. However, I like, okay, I can spend that on petrol, I can spend that on going out, I can spend that on exciting things for my kids, I can spend that on school fees or shoes for everyone that week, how I spend this money per week is up to me. So this budget, I find within 15 minutes gives me complete clarity over my situation and where I'm at and what money I have to work with. But then this technique of allocating myself spending money, and automating everything else gives me flexibility in my life, I've got certainty that my debts are being paid, that I'm saving money, that I'm paying my bills, that's also that's all happening. But then I've got flexibility in my life on what I want to spend my money on, we're now going to go back inside, I'm in the van at the moment, we're going to go back inside and jump on the computer, because I've created a template. And we're going to do the overview. First we're gonna do the bird's eye view, and look at our income, we're going to look at our expenses. And then we're going to go ahead and set this up. As I go ahead and head back to the house. Before we jump on the computer. I will say that in order to make this work, I had two bank accounts each with cards attached to them. So these are bank accounts I can use to spend money on things, they've got Visa Debit. So I've got two cards, and I got three online savers to make this work. Now I personally use IM

https://www.youtube.com/watch?v=roWeaTM9S3g How can property pay for itself, pay itself off and then ultimately deliver you financial freedom? Book in a Free Property Strategy Session Recommended Videos: The 2 Year Strategy 2 Properties To Financial Freedom Transcription: Ryan 0:00Hey, are you amazing investors out there? I recently had a really great question from someone on my YouTube channel, asking me a bit more about the two year strategy or the two properties to financial freedom strategy. And asking what is the difference between this and just buying property and being a slave to your job and having to pay it off over 25 years? How can property actually pay for itself? And how can property actually pay itself off. And this is a concept that I guess really clicked in my mind back when I was a teenager. And I could see the long term potential of property to deliver financial freedom and deliver the life that I want. I got really passionate about positive cash flow property. And I guess I haven't really stopped since. And reading Robert Kiyosaki his books like Rich Dad, Poor Dad, really ingrained this into me. But I understand that not everyone can see this, not everyone understands this. So I'm hopeful that in today's episode, I can click something in your brain, so that you can start to understand, I guess, the dynamics behind how property can pay for itself and generate positive cash flow, and how it can pay itself off. So the way most people invest in Australia is that they'll purchase a property, maybe a single income home, or maybe they'll purchase a unit or something like that. And they get some money coming in in terms of rental income. So let's just write rent here. So they get some rental income coming in. But then they have money going out in terms of their expenses, we'll just write XP for expenses. And so expenses includes everything like your mortgage, your property management fees, any vacancies you have on the property, maintenance on the property council rates, water, insurances, there's so many things to think about. Now, the way most people invest, it's called negative gearing. And these expenses are much larger. And so we'll do a large circle, then the rent. And so what that means is that you use the rent to pay for some of the expenses. But then there's still a good chunk of the expenses left over. So let's pretend that this section here is the expenses left over. And now you still need to pay those expenses, that might be your mortgage, it might be some maintenance on the property. And in order to pay those expenses, you're going to have to have a job or an income source of your own, I just draw a tie there, you're going to have to have an income source of your own to pay those expenses. And to keep that property going. This continues until that property is paid off completely. In which case, once it's paid off completely, because you don't have a mortgage anymore, you've now got smaller expenses, and likely your rents going up over time as well. So your rent is now bigger than your expenses. And if we cut the rent in half, and let's say this bit is the bit left over, well, that actually go ahead and goes into your pocket. Okay? That is the worst I've ever drawn in my life, what's sort of like a happy happy face because you get some passive income coming in. So that's kind of the way most people do it negative gearing, but it takes a long time in order to get to this situation where your mortgage is paid off. And you can start living off the rental income minus the little expenses you have left. So let's actually put some numbers behind this and have a look at it. So I'm going to go over the property tools.com.au, which is a calculator that I created years ago. And you can get access to it too, if you want for a small monthly fee. So that's a property tools.com.au. And let's use an example here, let's say we purchase a property for let's call it $500,000, or a unit, or it could be a house or a unit doesn't really matter. At this point. Let's say we get rental income from that property at $400 per week. So that's a rental yield of 4.16%. That's kind of even optimistic in cities like Sydney, at the moment, and it might only be $350, or 3.64%. But we'll leave it at 400. For now, interest rate of 5%. Obviously, interest rates are much lower at the moment around 3%. But let's just use 5% for this example. And what we can see is that our weekly cash flow before tax is in the negative or negative $111.31. As an estimate. This is assuming we put down a 20% deposit paid for our closing costs. And then it's looking at property manager fees of 6% vacancies a 5% repairs and maintenance of $1,000 per year insurance of 1000 per year council rates of 2000 and bank fees are 300 per year. You may also need to add in some water rate

https://www.youtube.com/watch?v=6_c7AHMr16U Suburb hot spotting is a really popular and trending topic. People want to know where are the best suburbs to invest. However, without a clear vision and strategy suburb hotspotting can actually be useless to most people and potentially even detrimental. Book a Free Property Investment Strategy How To Research Suburbs 0:00 - Introductions0:55 - What are the problems with suburb hot spotting1:55 - Do suburb hotspots carry extra risks?2:47 - You must place context around the hot spot4:28 - You don't need the hottest suburb to have success in property5:10 - Hot spot suburbs might not be the best long term investment6:38 - How to use suburb hot spots9:24 - Get your strategy first! Transcription: Ryan 0:00australia's hottest 100 suburbs the 20 best suburbs to invest in this year the 10 hottest suburbs in sydney suburb hot spotting is a really popular and trending topic people love ring magazines with the suburbs in a blog post that highlight the top suburbs people want to see what the best servers are and they want to know what suburbs should i invest in however when you don't have a clear vision and you don't have a clear property investment strategy suburb hotspot is generally useless to most people and can even be beyond useless and actually detrimental to your long term property success if you're just focusing on this so in this episode i want to talk to you about southern hot spotting the pros and cons of it and how you can avoid the mistakes and also use it to your advantage so one of the problems with how the southern hotspotting really there's no like problems per se you got some issues with other hotspotting that that based on historical data in that these are the suburbs that have boomed the most in the last 12 months or three months or whatever term it is and so those servers have already gone through massive growth cycles by the time that you actually learn about it so while they may have been the hottest suburbs they may not be any more or suburb hotspotting is predictions on what is expected to happen in the future and those predictions sometimes come true and sometimes don't so you never know if it's actually going to be the hottest suburb or not until you actually wait 12 months or a few years and to see if it actually outperformed the other suburbs in australia so there's inherent problems and risks in that aspect but generally speaking i don't see major problems with sub hotspotting in that they add massive amounts of risk or anything you can find a server that is predicted by all the analysts to do really well over the next few years chances are that's not going to be one of the worst performing suburbs in australia unless you're looking at something like a mining town or some really small town that's getting a massive growth boom because of a mine that's opened up in the area yeah high level risks there just ignore those other hotspots for sure but if we're talking about metro markets here that have long term growth potential there generally speaking looking at sub hotspotting those suburbs may do well they may do average they may do below average but if they've made to the suburb hotspot the chances of them being absolute complete duds are a lot smaller than if you just pick a random suburb in australia so in some ways they can minimize your risk there but the problem that i see with a lot of people investing the problem that i guess i used to have in the past is that there's no context placed on the southern hotspotting it's looking just a capital growth and capital growth alone and generally it's covered growth within a short time period and so it doesn't necessarily think about you and doesn't think about hey what's your strategy why are you investing in property what is it that you're actually trying to achieve financially through your investment properties these are the best hot suburbs for you now it's not like that it's just it's just growth it's just one figure and while on the surface it might seem like okay any growth is good growth if you want to achieve your goals you need to work out okay what properties are actually in alignment with those goals for me what price points and alignment for me what kind of cash flows in alignment what sort of manufactured growth opportunities so if a hotspot suburb for example is full of units but your strategy is to buy houses and build granny flats to get dual income or to buy houses knock them down and build a dual income property we don't have that opportunity with units so while you may get good capital growth you may be negatively geared and could have a low rental yield which puts you in a negative cash flow position which stops you investing in more properties and growing your portfolio so while it may be the hottest suburb in australia it may not be the hott

https://www.youtube.com/watch?v=BN8nKj-z7qo What does it feel like to have financial freedom and then all of a sudden lose it, be in debt and have to work your way out of it? 0:00 - Introduction0:43 - How I got my financial freedom2:30 - Financial freedom didn't make me happy3:20 - We bought a van and moved to Noosa4:25 - What I did with my financial freedom6:08 - How I lost my financial freedom7:33 - What happened when I lost my financial freedom8:15 - What did it feel like to lose financial freedom9:07 - Struggling to pay my bills11:30 - Building up my income again14:16 - How does it feel now?15:28 - What did I learn from losing financial freedom16:30 - My goals now19:05 - Do I regret losing financial freedom? Recommended Videos: Exploring Financial Freedom (at 28) What it Feels Like To be Financially Free (at 30) The 2 Year Strategy Transcription: Ryan 0:00what does it feel like to lose financial freedom so to have financial freedom where you don't have to work anymore you can do what you want with your time and then to all of a sudden lose that be in debt and have to work your way out of it again that's my story and that's exactly what happened to me and what it feels like to lose financial freedom is not a story that you hear from many people so i'm excited to share with you a bit of that today hi i'm ryan from onproperty helping you and your journey to financial freedom and i think with this story we need to start with how i became financially free how i lost my financial freedom what it felt like to lose it and where i am now so let's start with how i got my financial freedom in the first place my financial freedom i always call it pseudo financial freedom because i was ever financially free in the way that property gives you where you're financially free basically for the rest of your life barring unforeseen circumstances i got my financial freedom through online passive income or through my online businesses so i had websites set up that were had content on them that were generating traffic and revenue and generating enough revenue that i didn't really need to work anymore and i actually made a video when i first realized that i'm kind of financially free and i don't know how that feels and in that video i actually said i'm in the position where if i don't work for a couple of years then the businesses will decline and i won't be financially free anymore and it's funny because i watched it yesterday or the day before and i was like that is actually a prediction of the next couple of years of my life so that was me at 28 we then bought this van which i'm sitting in now as you can see it's a bit like it's not really set up to be used at the moment it's kind of just got storage stuff in it but i came down here because of this story and because i thought what better place to tell it than here and also just being in here is inspiring me to do this app and to transform this into something that i can use again we achieved financial freedom through online businesses took me five years of full time work in order to get to that point and then it took me another seven years of part time work before that to get to that point so i started at 1828 okay so maybe i got my years wrong then but yeah sorry 18 and by 28 i was financially free through my online business realize at that time that i wasn't happy i actually entered a phase of a pretty deep and dark depression now i've struggled with depression on and off throughout my life but when i hit financial freedom and i'd achieved this goal that was driving my life forward this is a goal that i set when i was a teenager that i wanted to be financially free i wanted to be rich by the time that i was 30 and so i'd set this goal i've been working towards this goal i'd quit a high paying pharmaceutical job to grow my business to pursue this goal and obviously life happens in the time you know i had a great relationship with my wife at the time we had beautiful children we were doing our thing had a pretty good life but yet i achieved this goal and i now had no reason to work anymore and i just went into this deep dark depression and my wife wasn't happy where we were and what we're doing at the time either so we're like let's let's let's buy a van so we bought this van which originally was a school bus and old school bus and we stripped out all the seats we renovated the van so everything that you see in here we did so we did or we insulated all did all the roofing did all the flooring kills dad helped build this raised platform bed underneath is where the kids sleep rigged it up with solar and everything moved into the van and started traveling did that for two months found out that it wasn't for us settled in noosa up in queensland north of brisbane up there beautiful spot and lived there for two years and as

https://www.youtube.com/watch?v=SJcO8k4lCgo Should you use a big deposit of 20%+ when investing in property or a smaller deposit of around 5 or 10%? There are pros and cons to each which we look at in today's episode. Property Tools Book a Free Property Strategy 0:00 - Introduction0:39 - What everyone else says you should do1:25 - The 4 major considerations1:56 - 1. Lenders Mortgage Insurance3:51 - 2. Market Timing (Getting Into The Market Sooner)5:35 - 3. Risk Profile8:15 - 4. Cashflow11:33 - It's not a clear cut decision12:46 - What is your strategy/end goal? Recommended Videos: May 2020 Update What is Lenders Mortgage Insurance The 2 Year Strategy How To Enjoy Saving Money Transcription: Ryan 0:00let's talk deposits when you're investing in a property should you use a big deposit of 20% or more so you don't have to pay lenders mortgage insurance or should use a smaller deposit somewhere around 5% or 10% so that you can get into the market quicker and maybe expand your property portfolio quicker as well different people say different things but it's ultimately up to you to assess what's going to be best for your situation and your risk profile so in this video we're going to be talking about big deposits for a small deposit what are the pros and cons of each so hey i'm ryan from onproperty helping you and your journey to financial freedom and as definitely people out there that are like no matter what the circumstances you should always use a 20% deposit to avoid lenders mortgage insurance so you don't have to pay that and so i understand that that that makes a lot of sense and we will talk about that more but then you've got people on the other side that say you should use the smallest deposit possible so that you've then got more money to invest in properties also you can get into the market quicker and get capital growth faster and so we'll talk about that as well but i'm just seeing people out there and say you should definitely do this or you should definitely do this no you should definitely do anything ultimately it comes down to you and everyone's goals and everyone's risk profiles and what everyone wants to do is different so in this video we're going to be talking about some of the different pros and cons of each and so you can actually look at yourself assess yourself and decide okay where do i sit on the spectrum and what do i want to do so let's look at some of the major things so the major things we're going to look at firstly going to be lenders mortgage insurance and talk about that because that can be a big cost we're going to talk about cash flow and how the size of your deposit affects your cash flow we're also going to talk about timing the market and we're gonna talk about your risk profile as well so let's start by talking about lenders mortgage insurance now i've done a full video on exactly what this is a couple of years back so i'll link up to that down below but really simply this is insurance that if you don't have a large enough deposit and usually that's 20% on residential property investments if you don't have that large amount of margin off deposit the banks are taking an extra risk giving you a loan and they want insurance to cover that risk in case you have to sell the property and the markets going down and they lose money just to put a disclaimer out there i'm not a mortgage broker or insurance broker but they they charge you this insurance and that's an extra fee that you have to pay either for paid upfront or often it's added on to your loan and so that's an extra fee that you paid to the banks and ensures them against the extra risk they're taking on us then the insurance isn't necessarily for you it's for them so a lot of people see that as a last costs or something that you have to pay that you don't really see any major benefit from so this is why people often recommend that you save at least a 20% deposit i know with building granny flats you might need as much as 30% deposit the same with commercial properties if you're going into rural markets and that can change as well so talk to your bank or mortgage broker about exactly how much you need now i did do i did quickly look online about how much you would have to pay but it can get quite expensive okay so on a $500,000 loan if you have a 20% deposit then you pay $0 in lenders mortgage insurance if you only had a 10% deposit this calculator estimated you'd pay $8.8 thousand or $8,800 and if you only had a 5% deposit then you would have to pay 17 and a half $1,000 in insurance so obviously this is a lot of money that you have to pay and so this is why some people recommend that you go with wait till you can say about the full 20% and avoid this cost so that's one thing to think about but then the flip side of that is if you

https://www.youtube.com/watch?v=2G1Va7vM0kI Saving money can be really difficult and boring and having delay the gratification can be tough. How can you actually enjoy that saving process and not be deterred or disillusioned by it? Book a Free Property Strategy Session Follow me on instagram Follow On Property on Instagram 0:00 - Introduction1:19 - The 2 ways to approach enjoying saving money1:54 - Having a vision is so important4:42 - Compete against yourself to make saving more fun6:04 - Automating the savings process9:55 - Making more money11:00 - Making your life awesome13:30 - It's not easy to create a good life Recommended Videos: The 2 Year Strategy How I Manage My Bank Accounts and Budget Transcription: Ryan 0:00saving money can be really difficult and really boring and just to be able to delay the gratification can be so tough for so many people and it's why so few people actually get to the point of saving a deposit and investing in property is that it's hard to delay that gratification for so long when you've got money in your bank account and you've got enough money to pay cash to buy the range rover that you've always wanted but you're saving that for a property how can you actually enjoy that saving process and not be you know deterred or not be disillusioned by it and so i want to thank chloe for this idea for this episode so i mean her just friends on instagram she she found me and we've just been chatting a little bit and i was like i don't know what to record about she's like well what about this so thanks for watching and if you you want to be friends to me on instagram just follow me at ryan mclean reflectinsight ma c li na you can request to follow me over there that's just more my personal space but yeah she was like how do we actually enjoy delaying the gratification how do we enjoy the savings process and to be honest it's quite difficult and i think having a different perspective can be really helpful so there's two ways that we can approach this and both i think are really important the first is like how do we actually enjoy the saving process how do we set up the goals to do that but then i think the most more important thing is actually just getting on with your life so automating your savings and getting on with your life so let's talk about first like setting those goals and enjoying that and then we'll talk about the automation side which i think is probably even more important and so when it comes to saving and setting those goals i think first and foremost having a vision of your life and having a vision of what you want is really important so you want to have the goal of say i want to save $50,000 or i want to say $100,000 for a property that's a good goal to have and a good milestone but i think you need to look even further beyond that and you need to see in detail and you need to feel it in yourself the life that you're going to have once you've achieved this and this is part of why a strategy is so important if you know that if i take these steps it's going to lead to this outcome or this vision that i have for my life then it's so much easier to take those steps because you can see it clearly in your mind and i guess that's one of my superpowers in business is that i can see the end and i know the steps i need to take and so i can take them and other people think why are you doing that you're not getting to where you want to go you're not earning a lot of money now but i know that taking these steps now leads towards a vision i have and so i can take them even without seeing immediate results because i'm focused on that vision and so having a clear strategy is really important in that i talked about the two year strategy on this channel with ben everingham where in two years you purchased two properties build two granny flats and you basically set up your foundation for financial freedom those properties that go and pay themselves off and achieve financial freedom in your future that you've basically done so i'll link up to the two year strategy down below if you want to learn more about that you can also get on the phone to someone and actually talk through this and talk through where are you at where do you want to be and what is the strategy that can help get you there so if you go to onproperty com au forward slash strategy you can learn about our free strategy sessions you can book in a time there that suits you get on the phone to someone talk about that and get a clear strategy so i think it's really important to have that vision of where you want and have a strategy that really obviously lines up with that vision so for me that goal is financial freedom and not having to worry about money for me my strategy is step one is to build up my business and that has its own steps but then it will be investing in property and building gr

https://www.youtube.com/watch?v=o2VAJlOe_9s There is a major missing piece in most people's property investment journey, it was certainly a major missing piece in my investment journey. This concept and this idea can actually completely change your life and change many years of your life for the better. 0:00 - Introduction1:12 - My journey towards financial freedom3:12 - The missing piece on my financial freedom journey7:20 - Our focus on the destination is warped8:55 - These are years of your life you won't get back11:17 - The life we want and the goals we have change as we change14:25 - Enjoy the journey16:30 - The missing piece is enjoying the journey Recommended Videos: What It Feels Like To Be Financial Free Financially Free at 28 and Disillusioned The 3 Stages of Property Investing Transcription: Ryan 0:00good morning all you amazing people out there in today's video i want to talk about what i think is a major missing piece and people's property investment journey their investment journey in general it was a major missing piece in my investment journey and meant that when i did achieve financial freedom i was super lost him super depressed at the time and it's something that i think can this concept and this idea could actually completely change your life and change many years of your life for the better so i'm kind of getting goosebumps i'm excited to share this with you also be excited to drink my coffee so the decision between do i keep speaking to the camera do i have a sip that's gonna be going on throughout this video but that's okay this is this is delicious coffee i made for myself this morning but this concept is super powerful and i learned it through my own life but i also learned it from having amazing people in my life and this concept i got to give massive props a massive thanks to ben everingham buyer's agent from pumped on property because it's kind of came out in a video that we were recording together but to talk about this we kind of need to go back and look at my journey towards financial freedom and the emotional roller coaster that that was so if we go back four or five years then i'm working in my house full time online on my online business and trying to build it up to the point where it's self sustaining and i don't need to work anymore so basically trying to create a shortcut to financial freedom and so i was working on that doing long hours homeschooling my daughter at the time as well and just kind of juggling family life working really hard on that eventually it got to the point where the business was earning enough money where i didn't really need to work i needed to kind of maintain things but i didn't need to be actively working 40 plus hours a week on this business i could effectively drop into about four hours a week or less if i wanted to more if i wanted to and so i reached this point and i was just very disillusioned it was around this time that we renovated the van and moved into the van and did some traveling but this time i was just very disillusioned with how my goals and with life i'd achieved the goal that i had set out to achieve ever since i was a teenager i had the goal of being a millionaire by 30 or being financially free or i had all of these goals and i had actually achieved it not long term financial freedom like you get through property but if i didn't have to work right now i don't i don't have to work and i didn't know what to do with that i didn't know how to process that and i didn't know what the purpose of my life was anymore and i know this sounds like you know a rich person problem or something like that i wasn't rich by any stretch of the imagination i just had a decent income coming in not amazing but i just didn't have to work but the big mistake that i made along my journey was not actually taking time to work out who i was to work out where i found my happiness in my life up until that point of financial freedom so the missing piece in maybe your investment journey it was definitely the missing piece in mine is that you're actually delaying your life in a way until you achieve financial freedom he is still living your life you still got your relationships you still got kids in the house and doing school and or whatever it is that you do with your life but a lot of the time we are focused on financial freedom and we are thinking that when i reach that goal who boy am i going to start living my life that is when i'm going to be the best version of myself that's when i'm going to get to quit the job that i hate and do what i love and be super happy when i reach financial freedom but it leaves this giant gap in the middle and the reason i have to thank ben everingham for this idea is that we were recording a video on the different stages of property investing and i'll link up to that one down

https://www.youtube.com/watch?v=zt3371MQLTo There's a lot of different financial goals you can set for yourself. I want to talk about why I think financial freedom is THE ultimate goal and a great goal to have. 0:00 - Introduction0:48 - Financial Freedom is a defining point1:25 - What is financial freedom?2:20 - Why is this the ultimate goal?4:52 - Financial freedom is a milestone7:43 - Financial freedom takes all the risk away10:45 - Financial freedom is a safe net12:35 - What is your ultimate goal? Recommended Videos: The 2 Year Strategy Transcription: Ryan 0:00there's a lot of different financial goals that you can set for yourself you can try to have a certain amount of money in your bank account maybe a certain amount of money in equity in your properties or maybe you could look at cash flow and look at being financially free in this video i want to talk about why i think financial freedom is the ultimate goal and why i think it's a really great financial goal to have hey and welcome to the step this is my absolute favorite place to hang out in the morning and get the morning sun and drink my coffee it's a bit chilly this morning that wind is a bit cold my feet are freezing now i'm not an advisor so don't take this as financial advice obviously make your own decisions speak to professional if you want to but for me financial freedom is the pinnacle and i i don't necessarily think it's a place that you stop you don't set a financial goal achieve financial freedom and stop but it's a really defining moment and it's a really defining point that you get to that just opens up the world to quite significantly so in today's video i want to talk about why i think financial freedom is the ultimate goal and then you can decide for yourself whether or not you think this is a goal worth pursuing for you and whatever strategy you use to get there so financial freedom let's just talk about what it is first so we're all on the same page there and that's just having enough cash flow coming in in a passive way that you don't need to work anymore that your expenses are covered so you've got a roof over your head you can afford food you can afford health insurance you can send your kids to the schools that you want and you can do the things that you want in your life you may not have the best car in the driveway i certainly don't you may not go on the most lavish holidays but it's like that good level you know i've got a decent car that i'm happy with i get to go on holidays with my kids that i love when when we're not on lockdown but that sort of level where it's like you are you are living a good life but you don't have to worry about money so that's kind of what i mean when i say financial freedom and the reason that i think this is such an ultimate goal is just the choices that it gives you with what you want to do with your life but also who you want to be as a person as well and so when you reach a point of financial freedom so at the age of 28 i had what i call pseudo financial freedom so i didn't online business that was pretty passive that was generating me decent income and i didn't really need to work there was never going to be that long term financial freedom that you would get through something like property but i had time where i didn't have to work for a couple of years so i got a little taste of what financial freedom might look like and what it might be and just getting those choices to do what you want with your time is super powerful and at the time i had no idea what i wanted to do with my time i actually entered a period of depression which i'd struggled with on and off throughout the years but not having that goal and not having that thing i was striving towards i was like i'm not happy why do i keep working but it gave me the choice as a time to pursue things that i wanted to explore so it gave me the choices to you know i pursued gaming for a while i did a lot of running i did a lot of surfing spend a lot of time with my kids and my wife which was really good explored relationships and stuff like that and friendships and so i got a chance to really do that sort of stuff without the pressures of having to work and without the pressures of i don't know how my bills are going to be paid and so having those choices to kind of work out okay what do i want to do what do i want to explore is really powerful and that's why i think it's such a good goal is that when you get there you have those choices even on the way if you're following the two year strategy that mean ben everingham talking about i'll link up to that in the description down below but in that strategy you build up a foundation of properties that will give you financial freedom in the future and then you get to make these choices straightaway so you don't need to

https://www.youtube.com/watch?v=lTnodAY84Oc With everything that's going on with the virus, the lockdowns and social distancing plus government stimulus, how is this going to affect the Australian property market moving forward? 0:00 - Introduction0:45 - Monthly change in dwelling values3:10 - Australia is NOT one housing market6:27 - Government bailouts7:35 - What kind of recovery will we have?8:30 - Decline in leading indicators11:05 - Higher than expected vacancy rates13:12 - What do I think? Recommended Videos: Core Logic May 2020 Property Update Pumped on Property's May Update Transcription: it's been a little while since I've done an Australian housing market update but with everything that's going on with the virus with the lock downs with the social distancing a lot of people out there are concerned about the market if you own a property you may be concerned about what's going to happen with that when's the best time to sell if you're looking at investing in the market you might want to pick your timing so I thought it would be a good time to sit down have a look at the data see what the data is telling us and have a think and a discussion about what may or may not happen in the future now obviously I don't have a crystal ball I don't know exactly what's going to happen all I can do is look at the data and make my own assumptions and own speculations and you need to look at the data for yourself and make your own decisions - so here we have the change in the monthly change in national dwelling values and this is provided by core logic and a link up to their main monthly update video in the description down below if you want to check it out that's where a lot of this data is coming from and so we can see that the property market actually showed some growth in April so even with the buyers happening even with the lock downs even with a lot of this stimulus not having come through yet into everyone's bank accounts we're still seeing the market grow which is really interesting but I do want to look at this trend and this downward trend so if we go back March February January December November we can see that growth rates peaked in November and we can start to see a bit of a downward trend here in the growth rates now I I actually kind of picked it which is really interesting and parries I want to do this update is just to have history of what's going on and so if we go back to June 2019 I did a video of has the market bottoms yet and so I was looking at it thinking has the market bottomed and that was one month ahead of schedule I think the next ones here is Australia prime for growth in July and so that was where we actually saw the last month of decline in July and then I think yeah August the market started showing some growth so if we go back to that core logic video we can see that August we had our first growth and then we ended up on this with trends so I actually kind of picked it there and I've been talking about it for a while since back in January February about this trend in the market was still declining but at a slower and slower rate and now we've got the opposite happening the market is still growing but at a slower and slower rate and if we go back and look at 2017 we can see this trend again we can see the market growing but at a slower and slower rate until it turned negative and then if we go ahead and go back to 2015 we can see that the market was growing but it had this downward trend at a slower and slower rate and then we saw a short period of decline before it grew again so looking at this trend and looking at the past it does look like we may be in in for a period of decline of the Australian housing market which i think is really interesting and will be really interesting to watch now I do want to note that Australia is not one housing market there is so many different housing markets and the capital cities all perform differently to each other I would say if I look at this and look at what has happened in the past you'd look at an area like Hobart Hobart has had extreme growth and a massive run-up over the last couple of years Hobart is also one of the more exposed cities with the impacts of this virus so call logic talk about the percentage of their population that kind of works in hospital hospitality in the arts and tourism and they're one of the more exposed cities and they've had a massive growth run-up Melbourne has actually hit its peak so remember Melbourne and Sydney peaked in 2017 then went through a period of decline of about 18 months Melbourne actually exceeded its 2017 values and actually peaked back in February I think it was and so Melbourne is actually higher than it was before we saw that big decline in 2017 and 2018 and so it's really interesting to see that and so I look at Melbourne I look at Hobart and I think okay they've had these run-ups Hobar

https://www.youtube.com/watch?v=dn1VU522uVs Simon was about to secure his second property. Within 1 year he went from 0 properties to 2 properties in under a year. Book a Free Property Strategy Session 0:00 - Introduction2:00 - Journey from the 1st to 2nd property4:26 - How Simon chose his 2nd property7:50 - Do you regret buying this property? Recommended Videos: You Own 2 Investment Properties, What Next? Success Story: Simon Bought His First Property!!! Transcription: Ryan 0:00Today, I'm really excited to share with you another success story from Simon Everingham one of the buyer's agents over Pumped on Property, he's actually been able to secure his second property. And he purchased his first two properties in just 12 months. So in less than one year, he went from zero properties to two properties. Now, this episode was filmed back in February before everything that has happened worldwide. So there's a couple of references in there that are a little bit old. But still, I think this is a really valuable video. And I think you're going to love his story and love hearing about his second investment property purchase. Today, I'm really excited to share another success story with you, featuring Simon, the buyer's agent here a report on property who was actually able to buy his second investment property at the age of 27. So he's actually been able to buy two in 12 months. So you want to talk a little bit about this second investment property that he's purchased, how he got there, what it's like, what's the plans for it, and just kind of revel in the success that you got here because it can be a very hard journey. If you look back at some of our older videos, which I'll link up below. It was hard for you saving not getting the mountain biking. Yeah, there was Simon 1:18a lot of sacrifice there. But lo and behold, I have the mountain bike now. Got the second Yeah, yes, I've got the man in black bed. three grand now I only spent $1,000. I can't much money, man. So it's so funny. But I love the positivity, bro. Like I love it. Because I'm all about living the journey, not not leaving for the destination living for the journey. And you know, having you intro that video like that? It's like, yeah, hell yeah, that's, that's pretty damn cool. And yeah, and, you know, I'm gonna sit here and pat myself on the back. I think people should do that man, like people should appreciate the accomplishments that they've worked so hard for. Ryan 1:59Yeah, well, that's thing you still obviously got a ways to go before you're completely financially free through your properties. But yeah, more of the hard work is done in securing those two investment property. So talk a bit about your journey from the first property which you purchased. It was like late 2018. Yeah. And then this one, which you purchased, what late 2019. Exactly. So yeah, I put Simon 2:23the offer down for the first property in December 2018. settled, so the property was actually mine in early FEHB, I think it was the 12th of February. And then I got the offer on the second property in December 2019 and settled on the 10th of February 2020. So just got it within that 12 month time frame by two days from settlement to settlement. Basically 2019, which just a year of of saving, a year of sacrifice a year of investing for myself, I knew where we were in the global and local cycle, there was lots of negative sentiment toward the start of 2019. And that took a little while to recover. So I knew that that was a good opportunity for myself to get into the market when there wasn't too many other people around. So I just took full advantage of the market conditions and worked really hard to save up that deposit, I managed to increase my income over that period of time, which helped me get to that savings goal a little bit faster. And even though I was working hard and saving a lot like I still managed to live my life last year, like I went overseas twice. You know, luckily for me, my partner works for Virgin Australia, so I get cheap as flights everywhere. So it's not as expensive to go on holidays. But yeah, like it as I was saying it's just about that journey to me and enjoying all of it. And yes, so sacrifice. Last year, while I was saving up for that next deposit, I didn't even really get to use any equity from the first property, which was a good thing for myself as well, I didn't really want to have to leverage off that first property to get into the second one. So it's just another 100% cash deposit. Ryan 4:09So you just worked hard for a year to save another deposit is basically what you did. So yeah, you worked hard to save your deposit the first property, and then you worked hard to save you deposit the second property with a bit of increase in income in order to help you along that journey. Simon 4:23Exactly. Ryan 4:24And

https://www.youtube.com/watch?v=Xkeu-wJhxiI There are two main ways you can build a property portfolio so you can live off rental income. Book in a Free Property Strategy Session 0:00 - Introduction0:21 - The two main ways to live off rental income0:41 - Strategy #1: Owning properties outright2:12 - How many properties do you need to own to live off rental income?4:49 - Strategy #2: Positive Cash Flow Property5:40 - How many positive cash flow properties do you need to live off rental income?9:37 - The cool thing about investing in positive cash flow properties14:13 - How to get $15,000 in passive income from 1 property Recommended Videos: How to get $15,000 in passive income from 1 property The 3 Stages of Property Investing Transcription: Ryan 0:00in this video i want to look at the different ways that you can live off rental income and how to live off rental income so how exactly does this work and how can you become financially free not need a job in order to survive anymore and just survive off the rental income that you get from your properties now there's two major ways to do this when we're talking about living off rental income the first way is if the mortgage is completely paid off and the second way is what you would call positive cash flow so we're gonna have two scenarios here we've got positive cash flow and we've got owned outright we're gonna start by looking at the only outright one because that is the most simple one to look at so only outright works really simply is that you take some money let's say you've saved up a deposit of about 20% and use that money combined with the remaining 80% that you borrow from the bank in order to go ahead and purchase a property okay so this is a little property there that we've purchased what you then do is focus on okay using rental income from the property as well as rental income from your job and your life in order to pay off the debt on this property here until you get to the point where that is now zero and you now own 100% of the property and so when your mortgage is zero you obviously don't need to pay your mortgage anymore and so now what happens with this is the money now goes to you that is such a terrible person but the money goes to you and you can go ahead and live off that rental income you got to have expenses of somewhere around 20 to 30% of the rental income but so you get the total rental income minus your expenses of 20 to 30% and that's what you can live off so i think i've got like a mortgage calculator from years ago okay i couldn't find the calculator so i just quickly made a spreadsheet here where we've got our income goal the rent coming in from our properties per week this is then annualized times by 50 so allowing two weeks of vacancy per year regarding our expenses are roughly 20% and how many properties you would need to achieve your income goal so obviously if your income goal was smaller let's say you only need to live off $50,000 and let's say you did the two property strategy where you purchase a property and built a granny flat so your income is 400 from the house equals 400 from the house plus 300 from the granny flat then you're looking at $700 per week how many properties would you need to reach 50,001.79 if we put that up to 100,000 then you need three and a half of those properties with granny flats in order to reach your income goal of $100,000 so that's one way to live off rental income is to own your property outright so basically if we go and we'll fix up this image we purchase the property we pay down the debt we own it outright and then we have a bunch of different properties that all generate income okay that we own outright completely outright now you can pay these off using your own money him pay them off using the positive cash flow from these properties if we look at the two property strategy you got $520,000 so 400,000 for the house 120,000 for the granny flat $700 in total rent plus a low interest rate of 3.3% you're looking at yearly cash flow around $15,000 per year using this rough example so you could actually use that $15,000 let's go 15k you could use that to pay down the debt of the property or if you're negatively good you would then need to use your own money but basically once you've paid all of these off let's draw a picture of you or maybe you like to wear dresses like i do or maybe you and your partner that makes more sense doesn't it once these are paid off then the money goes into your bank account after the expenses are taken out and you live off your expenses so super simple strategy to live off rental income there are you want to focus on markets that are gonna have long term demand and long term rental growth and obviously you want to achieve as much rental income per property as possible which is why building a granny flat on a property can be such a good idea

https://www.youtube.com/watch?v=rTaa8uc9ytk The full journey from not owning property to being financially free or wealthy through property can seem confusing and daunting. How do you get from zero to financial freedom through property? What I've found is there are 3 distinct stages in most people's property investment journey. Book a Free Property Strategy Session 0:00 - Introduction0:52 - What are the stages?2:15 - Stage 1: Buy5:09 - Some cash flow figures for an example property6:06 - Stage 2: Choices (paying down debt)\11:27 - Stage 3: Lifestyle13:07 - Summary14:03 - How to get started on your property investment journey Recommended Videos: The Property Investment Timeline Transcription: Ryan 0:00investing in property and the full journey from not owning property to buying property and actually achieving financial freedom or certain level of wealth can seem confusing and daunting, how do you actually get from zero to financial freedom through property. And what I found by working with Ben Everingham from Pumped on Property is that there's three distinct phases of your property investment journey. And by breaking down the property, investment journey and property investment timeline, which we talked about in a previous video into three distinct phases, makes it really easy for you to say what to focus on. Now, in order to achieve whatever your goals are down the track. And for me, that's financial freedom. So in this video, we're going to be looking at those three stages. And what you could be focusing on in each of those stages. The stages are super simple. The first one is called the buy phase, or the buyer stage. And that is when you're actually purchasing properties, building up your portfolio, all of that sort of stuff. So where's my pictures, properties, here, we've got properties with granny flats as well, that is during the buy phase of the journey. The next step, the next stage, is what we call, we call it choices. You could also call this the paying down debt phase. So we call it choices because this is the stage that you get real choices in your life, and you can really change your life for the better and start to live consciously. And this is I think the most exciting phase of all of them is the choices phase. And then the third phase is lifestyle. And that is where you can actually go ahead and live off your properties. And so your properties, and now you either own them completely outright, or they're just generating enough cash flow for you that you don't need to work anymore. And you can go and live the lifestyle that you want. But ideally, you should have started doing that in choices anyway. So let's go ahead and look at these three stages in more detail. So you can get a better idea for them. So the first stage, which is the buy stage, now this is the most active stage, this is where you're going out and you're looking at the property markets, you're choosing a market, you're choosing a city, the area of the city, you're researching suburbs, and choosing the best suburb that fits your price range and your goals and what you think is going to be good long term, you're looking at the properties in that suburb, getting to know it inside and out, inspecting properties, and ultimately negotiating, purchasing and settling on a property and then renting that property out. So that stage of from saving deposits, all the way up to actually buying and selling on your property is the buy phase. Now that phase can last, you know, as long as you want really, it could last up to 15 years, if you want, what we find is that a lot of people can do quite a lot within just a two year period. And so they can actually go ahead and purchase a house and build a granny flat and purchase another house and build a granny flat within a two year period. Or maybe within that two year period, they just go ahead and they buy the two houses. And then later, then they focus on putting the granny flats on there. So it might take them maybe five years in total. In order to buy the houses and build the granny flats. Or maybe rather than two, you only want to do one. And so then you could achieve that in one year. Or maybe instead of doing two lots of these, you want to do three, or four, or six or 10, then maybe this can this by phase can actually expand out for you for up to 10 years or even more, you can look at it in terms of your journey and how you're going. You can also look at it at individual property level as well. So if we look at this one property here, we can say that the buy phase for this property might just be one year. Now that might occur in our first year if it's our first property. Or maybe it'll occur in our seventh year because that's where we are in our property investment journey. But you can see this as its own timeline where you have the buy phase for this property in the beginning, and you the

https://www.youtube.com/watch?v=Y2NR65GF7uY Being about to live a location independent life can open up so many different possibilities for your life and also change how much money you need to be financially free. In this episode I talk about some of the different ways you can achieve that location independence. 0:00 - Introduction0:32 - #1: Property Investing0:55 - #2: Share Investing1:27 - #3: Move and get a job in a better area2:15 - #4: Work remotely3:26 - #5: Start an online business4:20 - #6: Run a location independent business4:58 - Location indolence can make financial freedom easier

https://www.youtube.com/watch?v=apFE7Yaluj0 In this video I want to show you how I make money online by answering questions and how this may be something you can do as well to generate passive income on the side. Blue Host website hosting 0:00 - Introduction1:30 - Inspiration for this strategy2:24 - The basic strategy2:50 - 1. Finding Unanswered Questions5:55 - How to find unanswered questions8:39 - 2. Set up a website and write articles that answer those questions10:35 - 3. Make videos to answer those questions11:59 - 4. Repeat the process12:57 - Challenges with making money online this way17:49 - Give us a thumbs up if you like this Recommended Videos: How I Achieved Financial Freedom at 28 With Online Passive Income Marcus Sheridan's Video (2013) Transcription: Ryan 0:00in this video i want to show you how i make money online by answering questions so rather than talking about property i actually want to talk about my online media business how i make money through it simply by answering people's questions and how this is maybe something that you could do as well to generate some passive income and extra income on the side so if that's something that you're interested in listen along and i'll show you exactly how i do it and how you can do it too dave this question asking me if i'd share a bit more about my experience and my story how did i start they understand is not properly relevant but something that the audience may be interested in since you've got so much free time at home why not start an online business or content creation so i'm not going to go into my backstory in this video because i did talk about all my backstory in this long video on how i achieve financial freedom at 28 with online passive income so i'll link up to that down below or you can go to onproperty com.au forward slash 795 to see the show notes for this episode but i talked about it in detail there and you can see there how i set things up i achieved what i call pseudo financial freedom so i didn't have to work for a couple of years there because my business was earning me enough money but it wasn't a long term financial freedom that you get through property so in this video i'm going to talk about how i did that how i make money online by answering questions called they ask you answer now this idea in this concept is taken from a bunch of different sources but a massive inspiration for me is this talk by marcus sheridan which was done back in 2013 and he ran a pool company and during the financial crisis of 2008 obviously sales for his pork company went down dramatically and in order to get more exposure and get more interest in his company he took all the questions that people had ever asked about pools and he started writing blog posts on them eventually grow grew his website and pool company to be the most visited pool website in the world i think and so the ideas shared in this talk again i'll link that down below if they asked you answer is just phenomenal and kind of what i built my business off as well as a bunch of other diet ideas that i'll talk about throughout this video so the strategy behind it is really quite simple is you find on answer questions you go ahead and set up a website and you write articles to answer them you or you make videos to answer them and then you go ahead and repeat that and then you can make money from that by using affiliate links or by doing advertising on those so let's go ahead and look through that one at a time finding unanswered questions so if we go to our handy friend google i'm going to type in a bunch of questions that someone might write and we're going to see that i actually rank for a bunch of days so something that's related to onproperty is how to find positive cash flow property so we go ahead and search for that you can see that i've answered this question on property how to find positive cash flow suburbs i think this article was written years and years ago so you got onproperty as the number one result you've also got onproperty as the number two result for the 12 hot places to find positive cash flow property which was october a hit in 2013 so definitely probably needs to be updated and you can also see here a bunch of videos obviously i've covered this topic a lot and positive cash flow is kind of my specialty so you can say 1234567 of the 10 videos shown here are actually on property videos and my ones another one is i started a website on becoming carbon positive or carbon neutral and i just thought about questions this is before i really knew how to do research to find unanswered questions but basically i thought okay how long do led lights take to pay themselves off or pay for themselves you know survive replace my lights with led lights how long are they actually going to take in reduced electricity costs in order to cover the extra costs of the led lights and y

https://www.youtube.com/watch?v=26Aqa_owSM4 You can potentially get as much as an 18% return on your money through investing in a granny flat. I know that sounds clickbaity but stick with me as we are going to go through all the figures so you can see it for yourself. Property Tools Calculator Book a Free Property Strategy Session For Introduction to Granny Flat Builder email me - Ryan (at) onproperty.com.au 0:00 - Introduction1:00 - Doing the cash flow analysis on the granny flat5:10 - Granny flats can be pretty easy to build and are pretty nice6:17 - Second granny flat walkthrough7:33 - Privacy and private access is also built in8:04 - Getting help building a granny flat10:27 - How a granny flat can change the overall cash flow of your property Recommended Videos: 12% Rental Yield Granny Flat Walkthrough 13% Rentail Yield Granny Flat Walkthrough

https://www.youtube.com/watch?v=v2vJL_1Qaf4 I thought it would be interesting to have a look at what happens if you get your timing wrong in the property market. How much would you lose in the short term, and how would you look financially in the long term compared to someone who did nothing. Book a Free Property Strategy Session 0:00 - Introduction1:32 - Every peak and decline in the last 50 years3:58 - The worst decline and longest recovery (1989 in Sydney)4:39 - How our portfolio would have been affected5:24 - How much money would you have lost7:06 - How do property values grow over the long term8:25 - An example using today's figures11:10 - What if you bought at market bottom?13:30 - Comparing investing during the peak or bottom of the market15:05 - Taking cash flow into account17:24 - Get a free strategy session https://onproperty.com.au/strategy Transcription: Ryan 0:00I thought it would be really interesting to ask the question, what happens if you invest in property at the worst time, we always talk about market cycles, looking at the cycles of the different cities within Australia, buying at the best times and not buying at the peak of the market, but buying at the bottom of the market, when it's likely to grow, that obviously increases your chances of success, and decreases your risk. But what happens if you buy at the wrong time? What if you get into the market at the very peak, and then you see a massive crash the following year. So today, we're going to go through some statistics from the last 50 years of Australian property prices in Sydney, Melbourne, Brisbane and Perth. We're going to find this worst time to buy. And then we're going to map things out and see okay, what would our portfolio look like? How much money would we lose? How long would it take years to get back to square one? And what would our property look like in 1520 and 25 years down the track, versus if we just sat on the sidelines and did nothing. So it's a really interesting thought experiment to go through. And so as you can see, I've got a spreadsheet here with property data. This came from homely.com a few years ago, as you can see, it only goes up to 2016. But that doesn't affect our analysis, because the worst time isn't 2017 to 19. The worst time actually occurs back in the late 1980s, early 1990s. So if we go across the here I've kind of colored things in red is the peak of the market. Yellow is the recovery. So how long did it take to recover. And so we can see this first decline in Sydney in 1982. market went down by 2% took two years to get back to where it was, we can see here 1989, the following year, it dropped 17% 17% in one year, that is a huge drop for the property market. And it took seven years to get back to its peak and back to where it was. And why did it drop 17%? Well, this was obviously the recession of the early 90s. And look at property prices leading up to this recession, you go to 1984 1985, property prices of 84,500 or 92,000, so under 100,000. And then in the next 1234 years, you had property prices actually more than double in value, with 1988 property prices going up by a whopping 39% set a huge run up in that market, then we had the recession, which obviously led to that big decline. So this is the worst one that I could identify here, Melbourne, we've got a six year period here from 1990, to 1996. But the drop was not nearly as bad. We got some other drops here. There's one here from 2004 to 2010, in Sydney, where it took six years to recover. But again, the drop was not nearly as bad. If we go across to Brisbane, then there's been no less declines. They had one here where it took two years now the one where it took two years, another one where it took four years, but again, not as big of declines. And then purchasing is a bit more volatile to go up and down. And so we're seeing a bunch of periods of crazy growth, look at this 50% growth, as well as followed by some declines. And as I record this now, and you know, 2020 2015 was the peak of the market for Perth has now been declining for five years, and is down somewhere around 20% 25%, something like that. And so maybe this would actually be the worst period, but it hasn't gone through its recovery yet. So we can't really look into the future of that and do any analysis. So what we're going to look at is this time period of 1989. Let's say that we got into the market right at the peak right before a crash. And we bought property at 210,000 the peak of the market. So where am I? Here I am. So I've got the Sydney data, I've deleted the other ones, so we can kind of work with this. So let's say we bought this for $210,000. The next year, it actually goes down 17%. And so what I've done in this column here, let's go ahead and zoom in a little bit. Hey, and look at this a bit more closely. We can see what our portfolio looks like in

https://www.youtube.com/watch?v=1QuP3VNg9yE Today I want to share with you a really powerful concept called the Property Investment Timeline. Through this time line you'll be able to map out and see exactly how property investing can change your life in the long term, but also how you can gain massive choices and freedom in your life in as little as 2 years. Book a Free Property Strategy Session 1:08 - How Most People Invest In Property3:24 - The '2 Year Strategy' Explained5:43 - Stage 1: Buying Property in the First 2 Years9:16 - Stage 2: Getting Massive Choices In Your Life16:47 - How To Get Help Implementing This Strategy Recommended Videos: $15,000 in Passive Income From 1 Property 2 Year Strategy Transcription: Ryan 0:00Today, I want to share with you a really powerful concept called the property investment timeline. And this is something that I think is going to completely change the way that you look at property investing, and show you how you can actually change your life through property investing, both in the long term 1520 years down the track, as well about how you can create choices and freedom in your life in the short term, and how you can create those freedom and those choices in as little as two years using the two year strategy. So I'm really excited to share this one with you today. And I think this is going to revolutionize the way you look at property and help you really visualize how it can change and impact your life and how it's so achievable. And so what we've got here is a timeline going from zero, all the way up to 20. And each of these is representing years of our life. And so zero, this is the start, this is where we are today, if you're listening to this in the future, you started zero, not when this was published. But yeah, as you're listening to this, today, we are at number zero. Now what most people do and how most people will invest in property is within the first year or maybe two years, they'll go ahead and they'll purchase an investment property, that might be a house, that might be a unit, some sort of investment property. And what most people do in Australia is actually purchase property where the expenses are greater than the rental income. And that's called negatively geared property. And I'll represent that with a downwards arrow with money there representing that it's actually losing money on a weekly, monthly or annual basis. Now, what this means is that we own an asset, but the rental income isn't paying for the asset. So we need to put money into it. So how are we going to get that money? Okay, most of us we have a job, or we have a business, which then we put some extra money from the job or business into that property to keep it afloat to pay for the mortgage. Now, what we hope to happen is that over time, if we go 1520 years down the track, that house that we bought for a certain amount is now worth a lot more money, maybe we've paid off the debt on that property or paid off most of it. And now we can go ahead and sell that property for a profit. Or we can go ahead and live off the rental income for that property. But in the meantime, from zero all the way up to 20 years, we are tied to our job, and we need to have that job in order to support the property. And to pay off that property. rental income will grow over time. So maybe we'll reach a point around here where it becomes cashflow neutral and starts paying for itself, we're going a long period of time where we're kind of tied to our job and tied to our lives. So long term, this can be a great way to generate wealth, a lot of people make money through property using this strategy. But obviously, the more properties you buy using this negatively geared strategy, you know, you're starting with a little bit of negative money or negative cash flow. And then as you buy more properties, that negative cash flow grows, and as you buy more that negative cash flow grows again, as they need more and more money in order to afford these properties. And eventually, you don't earn enough money in your job. And so you can't afford it. And so you get tapped out in how many you can own until you go ahead and sell some of them for a profit or until the rental income grows. So what I want to show you now is a strategy that we're calling the two year strategy, when as little as two years, you can actually gain choices in your life. And this comes through building up a portfolio in the beginning. So in the beginning phase, which we call the buy phase from zero to two years, that's when we focus on buying high quality assets. So high quality houses in good areas in Metro markets that are likely to grow and be in demand over time, as well as generating positive cash flow from those properties. So those properties actually not only cover themselves and cover the mortgage and cover the expenses, but actually generat

https://www.youtube.com/watch?v=MTUetntAV2U You may think it's a bit early to be preparing for the next recession while we are currently in one. However, there are things you can be doing now to set yourself up so you never have to feel like this again when the next recession comes. 1. Keep Your Expenses Low 2. Start To Build Up a Buffer Fund 3. Pay Off Your Bad Debt 4. Look At Ways To Increase Your Income 5. Create Multiple Streams of Income 6. Invest In Income Producing Assets 7. Start Educating Yourself and Expanding Your Skills Recession Videos 1 Year Ago How I'm Preparing For The Next Recession How To Invest In Property During a Recession Recommended Videos: Simple Steps To Budget and Save Money IMMEDIATELY The 2 Year Financial Freedom Strategy Transcription: Ryan 0:00you may think it's a little early to start talking about how to set yourself up for the next recession while we're in the recession that we're currently going through but there are things that you can be doing right now in the next few months in the next few years to set yourself up so you never have to feel like this again when the next recession comes when something happens in the future as it inevitably will that will affect the economy so in this episode i want to talk about some of the things that i'm personally doing to set myself up so that i'm in a great financial position when the next recession hits and rather than worrying about my finances during the recession i can be out there looking for opportunities and ways to grow my wealth because everyone knows that a recession can be actually be one of the best times to grow your wealth if you're in a position to do it so hey i'm ryan from onproperty helping you achieve financial freedom and while the trigger for this recession caught everyone by surprise and no one was expecting that we were predicting that a recession would come in the near future and i was creating videos about this over a year ago and i'll link up to some of them down below if you want to check out them about how i was preparing for the recession that was coming and so what can we do now while we're in a recession and as we move through and out of this recession to prepare ourselves so we never have to feel like this again in the next recession and i think it's really important to note that while looking at the economy and looking at cycles and how things go up and down is really interesting and really important to do when you're making investment decisions it's important not to get frozen by that and to do absolutely nothing because at the end of the day what you care about is you and your finances and how you're going because even when a recession hits a lot of people are still fine so what can we do so you're one of those people so the first thing that i'm doing and that you might want to do as well is to actually keep your expenses low even as we come out of this recession as your job looks steady and everything looks fine don't go out there and lavishly spend all your money on things that don't add value to your life and don't improve your wealth long term so keep those expenses low that could be rent or mortgage it could be cars it could be the things that you spend money on one thing that this situation has really helped a lot of us do is actually work out ways that we can be more frugal and save money in our lives so for me that's making a lot of coffee from home i still love coffee i still have it every single day but i'm making it from home and really enjoying that as well as making more dinners from home and learning about things that i can make and not a great cook they're also just looking at ways to save money in life with fashion to save money in life with just where i was lavishly spending money where i didn't even realize even just like eating out and now i don't want to eat out and saving so much money not eating out so learning ways to save expenses in your life has been really good and as we move through this keep those expenses low so as you increase your income that extra income can go to actually help you better set up for the next recession and take advantage of that so focus on keeping your expenses low you know don't just eat baked beans every single day but live frugally and do it in a way that makes you happy and i've got a video on budgeting if you want to learn how to budget if you don't know how to do that so i'll link up to that video down below the second thing to do is to start to build up a buffer in your life so obviously the trigger for this recession was the COVID-19 virus that causes kind of the whole world to go into shutdown and how long that shutdown will last we don't know but for some people that's going to mean no income or limited income or relying on the government for months at a time maybe three six maybe even 12

https://www.youtube.com/watch?v=ywjJldWub2k There are some really big problems with the way most people invest and I've definitely made these problems myself. If you can avoid these big problems then you can lower your risk and achieve success faster. Book a Free Strategy Session 1:10 - 1. Having No Investment Strategy At All6:09 - 2. Bad Timing In The Market10:29 - 3. Bad Cash Flow14:23 - 4. Not Doing Anything To Increase The Productivity Of Your Asset Recommended Videos: How To Invest In Property During a Recession Ray Dalio's Video on Debt Cycles Transcription: Ryan 0:00There's some really big problems with the way most people invest. And you may be making these problems yourself, because I know that I've definitely made these problems in the past. But if you can avoid these, then you can really help to set yourself up for success in the future, and achieve your goals faster. So in this video, we're going to talk about these big four problems, and how you can avoid them in your life and how you can do better than I did in the past. So Hi, I'm Ryan from OnProperty, helping you achieve financial freedom. And with everything that's happening in the world at the moment, people can get so focused on certain aspects of things that they just forget about everything else. One example, people get so focused, and I've definitely done this, she gets so focused on the economy, and what's the global economy doing in the local economy going to be doing that you actually forget about your own personal economy? And what am I doing to actually improve my own personal economy? That's a huge mistake that I made. But let's get into it these four big mistakes. So the first one is having a bad strategy, or in most people's cases, it's just actually having no strategy at all. So no end point. So a lot of us think about investing and they just think about, I want to make heaps of money. Yeah, I want to make money. Let it rain, baby. And look, I have done this in the past, and often going into new business ventures that can sometimes be like this investing in cryptocurrency, I lost money thinking like this. And this one, I think, is probably the biggest mistake. Because if you don't have a long term strategy, it's very hard to actually get to where you want to go. And we get so swayed by people call it shiny object syndrome, where you're like, Oh, this new fancy strategy. And then you do that for a little bit. And you're like, Oh, this fancy strategy. And it's about getting good at something and just rinsing and repeating it, that really allows you to lower your risk and increase your chances of return as you build up your skills in that area. But if you have no strategy and no destination, then you have no way to objectively look at these potential investments, and whether or not actually going to get you to where you want to go, and whether or not they'll line up with your timeline and line up with your risk profile. So for me, I guess in my own strategy, I've got both the short term, which for me is business. And then I've got the long term, which for me is property. And so looking at the goals and looking at the short term, how much money I want to make through my business, I look at the investments that I make there in terms of content creation article writing the money that I invest, and think about what is the return going to be on that? What is the risk like, and then I track that on a short term basis. But I really have some short term goals there, as well as longer term goals for that as well. But then if I look at long term in my life, I want to invest in property to achieve long term success. And for me, that is 15 to 20 years down the track, I'm in my early 30s. Now, so you're looking at late 40s, early 50s, where I want to be completely financially free through my property investments. And what I want to do is actually invest in a way that is mostly passive. So in the beginning, I'm happy to spend time building out my portfolio, but then I just want it to kind of takeaway and pay itself off over time. So I'm not actively working for those 15 or 20 years in order to achieve that financial freedom. So for me, I've got that timeline in place, I've got that goal in place, I've got that income goal, and then I can look at Okay, what strategy will help get me there, which for me, is those two properties to financial freedom strategy. And to purchase those properties, build granny flats to get the extra cash flow, and use that cash flow to pay off those properties, and eventually live off the rental income that those properties generate for me. So I've got my end goal in mind, I've got my financial goal. And then I've developed a strategy that I believe is going to get me there with minimal risk because I've got the cash flow coming in that I can then see through t

https://www.youtube.com/watch?v=M27oD19Vsuc In times like this getting cash flow can be more important than ever. In this video I am really excited to go through the numbers and show how it's possible to get as much as $15,000 per year in passive income from a single property investment. The Simple Strategy - 0:50 The Mortgage Expenses - 2:35 The Rental Income - 4:25 Extra Expenses - 6:43 The Total Passive Cash Flow - 7:37 What If You Want To Pay Principal and Interest? - 8:45 Where Could You Be in 15 Years Using This Strategy - 9:30 Recommended Videos: Is It Hard To Rent Out a Granny Flat? 2 Year Financial Freedom Strategy

https://www.youtube.com/watch?v=r8TWc1q3r-8 With everything that's happening in the world right now is an imminent property crash inevitable? Or could the opposite potentially happen? In this episode I explore this idea in more detail and talk about some of the reasons it may happens as well as some of the reasons it may not. Book a Free Property Strategy Session Is a Property Crash Inevitable? 2:06 What Are The Signs A Property Crash May Occur 4:46 Other Factors To Take Into Account 6:45 7:56 What Could Have a Positive Effect On Property Prices Over The Medium Term? The U-Shaped Recovery 10:20 Will We See Hyperinflation? 10:55 Is The Property Crash Inevitable In The Short Term? 12:25 What Can You Do To Improve Your Finances During This Time? 13:55 My Strategy To Thrive During This Time 15:06 What To Do If You Want To Take Advantage Of This Time In History 18:23 Recommended Videos: Ray Dalio's Video on Cycles Transcription: Ryan 0:00with everything that's happening in the world right now a lot of people especially my youtube comments are talking about how there is this inevitable property crash down the line an economic crash because while the government is propping up people now through this health crisis that as time goes on and people don't have jobs and can't afford their mortgages we're going to start to see this major crash and major decline in the australian property market so in this video i want to talk about whether or not the property crash that these people are talking about is inevitable and what are some of the things that suggest that it may happen and what are some things that suggest that the opposite may be true and we may actually be in for a bull run and markets do actually go up and assets to go up in value so we're going to talk about that and kind of have an honest chat about that in this video hi i'm ryan from onproperty helping you achieve financial freedom and while it's really interesting to look at these economic cycles and to try and predict the future with our crystal ball as to what's going to happen through this cycle and through this phase of the cycle what i actually think is more important is actually you and how you're responding to this and how you're improving your finances through this so for me personally while i think this is really interesting and while this plays a role in the decisions that i make i actually need to focus on myself and focus on creating good income for myself focus on setting up my financial future focus on creating passive income streams in my life so that when the cycles do come when these market crashes do come when recessions do happen that i'm set up because let's face it there's a lot of people losing their jobs at the moment but if you're one of the people who hasn't lost their job and you've still got a job safe steady income then you'll actually find through this and through recessions a lot of people are fine you want to not be one of those people that gets hit hard so that's the most important and we'll talk more about that towards the end but is a property crash inevitable the short answer is no the longer answer is maybe and the really long answer is yes and i'll kind of explain what i mean by that and it's a bit of tongue in cheek there but i'll explain what i mean by that so first thing is it inevitable so are we set for an imminent property crash in the next couple of months or within the next year is that definitely going to happen now i interviewed steve cain who is an australian economist back in 2016 so a little under four years ago now and he was talking to me then about the australian property bubble and how it was due to crash and how it should drop by about 40 or 50% he was talking about that in 2016 to me i'm pretty sure he was talking about that before the financial crisis and didn't really expect what the government would do to actually prop up the australian economy and to prop up the australian property market and this is the issue that i have with the people who were in the comments saying this is exactly what's going to happen and the issue that i have with economists as well who are way smarter than me who know way more than i do about the markets and about the data behind it is that they have these models and they map out these things of what will happen and what should happen based on history and based on the data and then what happens is something happens that they don't expect or governments do something that they don't expect or react in a way that wasn't anticipated and then that starts to throw things out and so when you're just listening to one economist another thing now the thing with economists is that they're always so opinionated as well this is exactly what's going to happen based on the data and for them they they talk opinionated in an op

https://www.youtube.com/watch?v=kVshm_1mY30 With everything that is happen in the world right now you may be finding you need to learn how to cut expenses and start to budget. I've been through so many different budgets over the years, none of which worked, until I created this strategy for how to create an easy budget in 15-20 minutes. In this video I'm going to show you how to create a budget and start saving money immediately. Write Down All of Your Regular Expenses - 1:18 Calculate Your Expenses Based on Your Pay Cycle - 4:00 Take Your Income After Tax and Minus Regular Expenses, Can You Live Off What's Left? - 6:00 Look at What You Can Cut From Your Regular Expenses - 7:49 Set Up Your Budget and Automate Everything - 9:55 Automate Savings For Big Bills and Paying of Debt/Savings - 18:28 Look At It Daily and Do Weekly/Monthly Adjustments - 19:43 The Most Important Part: Now Focus on Making More Money!!! - 20:40 Recommended Videos: The 2-Year Financial Freedom Strategy - TBA Transcription: Ryan 0:00with everything that's happening right now you may be finding yourself in a situation where you really need to cut expenses for your life and you need to learn how to budget and if you haven't really learned and mastered budgeting up to this point you might be frantically thinking oh my gosh what do i do and so in this episode i'm going to show you the simple steps that you can use to create a budget and to start saving money in your life right now i've tried so many different budgets over the years tried lots and lots of different strategies failed at all of them until i came to this way of budgeting which can be done in as quickly as 15 to 20 minutes and then you can automate a lot of it as well so you don't need to continually think about it so this simple budgeting strategy i have found really helpful in my life and i think you might find it helpful to any of you staying till the end of the video that's actually the most important part because once we've set up our budget once we're saving money that's not necessarily going to get us to where we want to be financially and to improve our lives so that is the most important point which we'll talk about at the end of the video so how do we actually go about creating a budget and what is the steps that i use so the first thing that i do is i grab a pen and a piece of paper and i sit down with a cup of tea like i've got right now with your spouse with your partner or you may want to do by yourself and the first step is to write down all of your regular expenses that you have in your life so this stage we're not looking at things like how much do i spend on coffee per week how much am i spending at the supermarket i get takeout every night because i'm a terrible cook how much should i spend on petrol etc those things i call discretionary expenses or living expenses and they fluctuate week to week and each week each day we get to make conscious decisions about those so every day if i go to the petrol pump i get to decide how much petrol am i going to put in my car today when i go to the grocery store i get to decide how many groceries am i going to buy when i'm at the coffee shop i get to decide am i going to buy a coffee and we're going to make tea and coffee from home so their discretionary expenses and we're going to do with them a bit later the first thing we want to do is grab our pen grab a piece of paper and write down all of our regular expenses those so things that happen recurring in your life so this is everything from your rent or mortgage repayment your phone and internet maybe you've got a gym that might be frozen at the moment but normally gym things like netflix things like car insurance and registration electricity will be in their gas maybe debt repayments as well if you got credit card debt or bad debt and car debt that you're paying off what are those repayments go ahead write all that stuff down also include in there if you want at this stage how much you're saving each week or want to save but we can also come back to that later so i like to come back to the savings later you can choose to do it now if you want but basically write down all of those things on a piece of paper and write down how much they cost and how often you're doing it so if it's rent that might be weekly so you write down what your rent rent is and then write per week if it's your phone an internet that's likely monthly so you write that down and then write per month if it's something like car registration you might write down that figure and then write per year because that's an annual expense you might also want to add in car servicing there might be every six months so write down that figure and write every six months or double it and write every year so you want to have the figures down and you want to have the frequency of the fi

https://www.youtube.com/watch?v=0vdQpcJrec4 We are currently going through both a health crisis and an economic crisis. Here is what I am doing to both survive and thrive during this financial crisis. If you want to hire me for SEO, blogging, writing and social media services email me: ryan[at]onproperty.com.au Cutting My Expenses To The Bone - 1:38 Doubling Down on My Business and Passive Income - 4:52 Looking at Ways To Find Extra Income Sources - 7:43 A Plan To Freeze My Debts If I Need To - 9:30 Having a Backup Backup Plan - 10:19 This Is An Opportunity To Thrive - 11:56 Recommended Videos: How To Prepare For The Next Recession Tips For Property Investing During a Recession Transcription: Ryan 0:00we're currently going through both a health crisis and an economic crisis with a lot of people losing their jobs people taking pay cards and also a lot of uncertainty around people's jobs business incomes etc and so i wanted to talk in this video about the things that i'm doing during this financial crisis to both survivor and to protect myself and my family financially but also to grow through this time and actually try and thrive through this time so when we get to the end of this because it will end eventually that i'm actually in a better financial position than when we started so i'm trying to use this as an opportunity and hopefully some of these ideas that i share with you will actually help spark ideas and you have things that you can do to survive this time and actually thrive in this time and end up in a better financial position hi i'm ryan from onproperty helping you achieve financial freedom and you know we we couldn't really see this coming obviously we didn't predict a global pandemic but i have been thinking about a looming recession for some time i started recording videos about a year ago talking about how to prepare for a recession what happens with property during recessions so i'll link up to those down below so i've kind of been thinking about this and preparing for this but it happened faster than i anticipated and faster than i wanted i was not completely prepared for this and set up to survive there so i'm in a similar position to a lot of you out there and that's okay panic stations what do i need to do to set myself up that i can foreseeably make it through this without running out of money so how am i doing that well the first thing that i'm doing is cutting my expenses to the bone i'm currently living at home so moved back in with my parents that actually happened to me a few months ago i was renting the owner wanted to move back into that place just so happened to be around the time that is the slowest for my business so christmas time january february tends to be my slowest months of the year so i thought i don't want to move back in around and started december only about back home for a couple of months and then when business picks up again i will move out a little did i know that in february and march the whole world would be thrown upside down so rent is obviously a major expense that most of you will be paying or a mortgage and so i was actually able to cut that out in my life already i know that's a really hard step for a lot of people people don't want to lose their homes living at home with your parents is not ideal obviously but i have taken those steps already swallowed my ego swallow my pride in order to set myself up financially get on top of my debts get on top of my cash flow anyway that i've cut that out the next biggest expense in my life was private schooling for my kids so my kids were going to a montessori school which we absolutely loved but when i saw that this was going to get serious a couple of weeks ago i made the decision with my ex partner kelly that kids mom that we would actually pull them out of school and enroll them in a public school to remove those fees because it's not feasible for me to pay it i could see that my business was going to go into a downturn and cash flow would be tight and i just can't afford it and so unfortunately we've had to make that decision quite quickly but because we could see where this was going we were able to make that decision quickly and enroll in the new government school and withdraw them from the private school to save on that expense so really kind of cutting my expenses they're not going out for coffee anymore not eating out food and making food at home which kind of sucks because i'm not a good cook and i understand that all of this and what i'm doing is not helping the economy because you know i'm just saving all my money but when it comes down to it i do need to prepare for myself and i need to prepare for my family as to what's going to happen so i am cutting my expenses to the bone that's the first thing because that means any money that i make that i can save it gives me a m

https://www.youtube.com/watch?v=zkbh2VI__Bs Given the turbulent times right now I thought it would be good to look back over the past 30-40 years of Australian property data and see how long property markets take to recover after they have gone through a decline. The results are actually shocking and far better than I expected Recommended Videos: Core Logic's February 2020 Update: https://www.youtube.com/watch?v=8bQ46xpybJs Transcription: Ryan 0:00these are obviously turbulent times that we're living through at the moment with about a quarter of the world in lockdown at the moment and it's very unclear to see okay what may happen to the property market in this time and there's a lot of people who are fearful there's a lot of people going through hardships in terms of losing their jobs or dropping hours etc but also during these times it can actually be a great opportunity to invest in property if you are in a good stable financial position and you're willing to stomach the risk that comes with that so in this episode i wanted to look at okay how long do properties actually take to go down when recessions here or when property markets go down and how long do they take to recover to give some of you out there security if you own a property what may you go through or if you're looking to invest what are the opportunities that may exist out there hi i'm ryan from onproperty helping you achieve financial freedom and this graph came out by corelogic in their march monthly update which i'll link up down below the march update actually only uses february data so looking at that to try and predict what's going to happen is is not very useful because everything's kind of happened here in australia in march but this graph here the historic periods of decline to recovery i thought was extremely interesting now australia hasn't gone through a recession since back in the early 1990s it does look like we're going to go through a recession given all of the social distancing and everything that's happening and businesses closing or going into hibernation but then there's also the massive stimulus that the government is putting back into the economy and how will that actually affect things once we move out of these lockdown measures and things that are happening generally speaking when the government does quantitative easing when they do all this stimulus stuff that tends to inflate asset prices so there's potentially an opportunity through this and on the other side of this but i thought it'd be interesting to look at these historic periods of decline nationally now this is not looking at cities individually because obviously australia is made up of many different markets you've got sydney and melbourne the two primary markets who went through one of the biggest declines i think in 30 years oh yeah and we look at this map this goes back to 1982 so we can see that this was the biggest decline in about 40 years basically so you've had sydney and melbourne go through those but then you've got other markets like brisbane which has stayed pretty stable and only kind of went down a bit then before then over the last five years or so perth and darwin have had declines people saying that perth may have reached its bottom tasmania still recovered and still was growing during this time so every market in australia is different but here we're looking at nationally these periods of decline to recovery and so what i think is really interesting is that this timescale in months we see the longest decline from peak until recovery of those peak prices was 39 months or just over three years but most of them fall within a 30 month window or two and a half year window and a lot of them actually fall within a two year window now remember as well that this is assuming that you actually bought the properties at the worst time in history so you're buying sydney at the peak of 2017 right before prices start to fall so you didn't buy before ran out but you didn't buy it on its way down this is assuming that you bought at the absolute worst time to buy which is the peak of the market before it declines and as you can see here we've got a bunch of different rates of decline and how deep they decline the most recent decline was down 8.4% the biggest one prior to that was 1982 which was during the recession in the early 80s that declined 8% and then went back up within the space of two years we've also got the 1990 recession as well which occurs here in red which is one of the more drawn out ones where we saw prices decline about four maybe 5% and then recovered over the space of about two and a half years there during that recession as well we saw growth in prices and then a decline again so we may repeat that here with obviously sydney and melbourne have gone back up i think melbourne was even above what it was back at this

https://www.youtube.com/watch?v=vDUhJaU_z-s In this video we look at the data and growth rates behind the corona virus in Australia and other countries and use it to predict where Australia will likely be in 2 weeks and if a lockdown is imminent. Corona Virus Data Corona Virus Exponential Growth Video More on COVID-19 Growth Transcription: Ryan 0:00hi i'm ryan from onproperty and today is tuesday march 24 2020 and in today's episode i want to do something really differently usually i talk about property or personal finance today i want to talk about the Coronavirus and growth rates and how this actually may play out in australia and we can look at the data and look at what has happened in other countries and actually try to predict what is likely to happen in australia based on the measures that are being taken right now so this situation is obviously very overwhelming for a lot of people people are starting to lose their jobs the line and center link is extremely long which is sad to see a lot of my friends and people that i know have lost their jobs so it's a really hard time but what i found is that by looking at the data by understanding the growth rates by looking at other countries we can get some visibility into what this may look like in australia that helps reduce our overwhelm helps us to deal with the realistic situation and what actually may happen whether we may be going into lockdown or not i do think we will and we can just start to see this grab a hold of this information and then obviously make decisions for our own safety for the safety of our friends and loved ones in the community and also for our finances as well so we're going to be going through a bunch of numbers it's a bit nerdy today but hopefully you'll be able to see these trends understand the basics behind them which can give you a great view into the future and what may happen obviously i don't have a crystal ball so it's all speculation but i started knowing that this was going to be a really big issue in australia two weeks ago when i saw this video on COVID-19 and its exponential growth rate now two weeks ago in australia we were not in a bad situation people were laughing at me when i was talking about that we're going to need to go into lockdown soon they'll like you're just being anxious because i get anxious from time to time but i saw this and what this showed is that recorded COVID-19 cases outside mainland china every single day you're seeing a growth rate of about 15 to 25% every single day day after day now that is important the growth rate is extremely important because if you're starting with 100 people that means the next day you're going to have 25 new cases or 125 in total the day after that you're going to have 125 times by another 25% so 125 times by 1.25 which means you're going to end up with 156 new cases and then it goes up and up and up once you get started getting up to 1000 cases then you're getting you know you're getting 250 new cases every single day then you get up to 10,000 you're getting 2500 cases every single day so while it starts small that growth trend leads to big and devastating things as things progress i also saw this part of the video where they talk about australia versus japan at the time and that you could say that australia is doing 100 times better than japan however another way to look at this is actually that australia is one month behind japan and if you look at the growth rates of australia we are around that 25% mark so what we're going to do is look at this website which is well domino's dot info forward slash Coronavirus so i'll link up to this as well as this video down below and we can start to say the growth rate in australia new cases in australia as well as in the world so this shows the world but if we scroll down we can start to look at australia and we can start to see the growth rate now it doesn't tell us the growth rate you have to kind of calculate that yourself but as you can say corona cases in australia as of recording this on tuesday night and now over 2000 people when i watched that video on march 9 it was at 93 people and that was when people were laughing at me and now pretty much everyone's keeping their kids home from school people are losing their jobs businesses are shutting down you know it's only going to get more intense from here and so what we can see in this graph is this exponential growth trend where each day we're getting more and more cases than the next day if we scroll down we can see daily new cases and you can see this growth in daily new cases so we had one day where it was less but then jumped up massive but this general trend towards the app of daily new cases and if this isn't reversing then that's a bad sign so we're looking at that growth rate we're looking at the growth of daily news

https://www.youtube.com/watch?v=njO9BjfjXtM Given what is happening in the world at the moment and how turbulent things are it's important to look at ways to minimise your risk if you're looking to invest in property. One data point is the dwelling value to income ratio and in this episode we look at how this may present risk factors or may present opportunity and lower risk. Advanced Suburb Research Course Recommended Videos: Core Logic's March 2020 Update: https://www.youtube.com/watch?v=KAcy6IvYaeY Transcription: Ryan 0:00given what is happening in the world at the moment and how turbulent things are if you're looking to take advantage of these times if you're looking to pick up a great investment during these times i do think it's really important that you look at ways to minimize your risk given the volatility that's in the market at the moment so in this episode i'm going to talk about the dwelling value to income ratio so how expensive is a property in a city compared to how much people actually earn per year and look at that and how that may present risk factors or may actually present opportunity and lower risk so hey i'm ryan from onproperty helping you achieve financial freedom and it is no surprise to a lot of people out there that australia and sydney and melbourne in particular arranges some as some of the most expensive cities to live in in the world now if you think of sydney you think of okay the biggest cities in the world the most affluent sydney cities in the world do you think of sydney do you think in melbourne i guess in australia we see ourselves as small players on the global market but looking at sydney here as the second most expensive city in the world compared to hong kong looking at melbourne here as number five and you start to see other cities like los angeles and san francisco and london is that so but do we really belong in this list there's another thing here of the 10 most least affordable cities and again you've got melbourne here number four and sydney here at number three you then got canada their markets going crazy and then you've got hong kong which is extremely expensive because of huge population limited land size availability and the way that policy works that governments rent out land to developers and so very expensive in hong kong do we really have a place here on this list and i've recently been watching core logics monthly update if you haven't checked it out you really should i'll link it up down below and i often do videos kind of talking about the monthly update and where we're at but what i wanted to go through is some of the data and some of the trend lines that we can see here and how this may affect your risk and where you may want to invest so instantly we can see here sydney and melbourne are the highest on the list with the name being 8.5 times dwelling value to income ratio so what that means is how much do people earn on average per year and how many multiples of that is required in order to buy a property so in sydney what's the average income per year 8.5 times that or eight and a half years income is how expensive it is to buy a house melbourne 7.4 hobarts 6.5 adelaide 6.1 brisbane is 5.9 and darlin all the way down here at 3.4 so you can start to pull some really interesting information from this firstly you look at the cities on this list what i would personally expect is this to go from top to bottom in order of the most populous cities and the ones where people earned the most money so you think sydney that makes sense melbourne then you would expect brisbane to be next however next we have hobart which is quite a small city much much smaller than brisbane but hobart is actually less affordable than brisbane why is that great question why is that and so you start to look at that and you say okay does hobart pose a risk a lot of people have been asking me about what i think about the tasmania market what i think about hobart kind of been saying this since last year that hobart has had this incredible run up and even when sydney and melbourne went through the decline and you can see adelaide and brisbane were affected by that with smaller downward trends hobart just continued to rise compared to income ratio just continued to rise in general and has gone up and up and up and up and you start to think to yourself okay is this consistent upward trend line sustainable or have we actually reached a place where it's unsustainable and it's going to go down so hobart for me poses a risk there because i feel like it's higher than it should be compared to other cities and i'm not exactly sure why hobart has gone so well as well you start to look at let's let's look back in history and look at the trend lines of the past we can say what's what's this line adelaide here no this is sydney sorry so we can say sydney went up and up

https://www.youtube.com/watch?v=gbAWx9dJ_QI Transcription: Ryan 0:00the market is developing really quickly right now at the moment with obviously a lot of hysteria happening in the media and a lot of negativity out there and we kind of want to provide you with what kind of opportunities to this present in the market and why this could actually be one of the best times for you to buy hi i'm ryan from onproperty helping you achieve financial freedom and today i'm joined by ben everingham buyer's agent from pumped on property we just released a video or talking commentary about what is happening globally what's happening locally in the economy and how that may affect property prices so if you haven't checked that out we'll link it down below but ben is on the road looking at different properties for clients as is the people that work over pumped on property and they've been seeing a big kind of shift in the market being able to close on better properties and more properties and so we wanted to bring that information to you today because that's something that 60 minutes isn't going to cover current affairs not going to talk about this so if you got your head screwed on right if you're an investor who actually has a long term vision and a long term plan this can actually be a good opportunity so off camera ben you're talking about you know what's happening right now Ben 1:18yeah so if we look at the last 12 months right because like i'm right on the pointy end of the needle in terms of feeling the economic impacts directly in our business because you know leads ebb and flow and the number of people reaching out to us and you know you can even see it in our comments the amount of love if it's a good economy or the amount of hate if it's a bad one it's like a good gauge of what's going on so at the start of last year the first half of the year people were freaking out then the election happened then interest rates dropped and then paper went absolutely feral and then we got into the new year people have been going absolutely feral for the first two months of the year and then all of a sudden we get news that there's a deadly virus you know killing one out of every two people if you listen to some of the news channels and you know all of a sudden the stock market which should have starts getting bumpy and people go back into their shells so what that means is that eight out of the 10 people that you would have seen in your open home at sydney melbourne or brisbane right now aren't showing up because they don't want to get coughed on or because they're too fearful which creates an insane opportunity for the two people out of every 10 that still want to continue to move forward with their dream Ryan 2:41yeah and we're saying off camera that when you're investing in property it's really important to have that long term plan in mind and to understand how this current property purchase actually fits into that long term plan how short term it can work for you with growth and cash flow but how you can hold that for long term i can help you achieve your goals because that's eventually what we're aiming for it's not just the next 12 months but it's the next 12 years 24 years etc and one of the things that can happen in a really hot and really frantic market is that if you're going to an open home and there's 70 other people there and they're doing a silent auction secretly in the backyard between four different couples then that can be really overwhelming it can lead you to actually compromise on the type of property you want compromise on the price of the property compromise on your cash flow and compromise on all of your long term goals because the pressures there that i've just got to buy something quickly and when the market changes like it may be doing at the moment we're not sure we don't have a crystal ball of exactly how this will play out but when it changes and ben's now got real estate agents emailing him saying you know have you got any clients that this would be suitable for and reaching out to you more rather than when it's hot and you now have opportunity to look at what is exactly right for you what's going to fit into your long term plan and then you also have the time to negotiate and to get the property for the right price Ben 4:13i love that man like can i just unpack my mindset which you know isn't the same as every other investors in the world like i can be highly emotional i can also be highly logical i can be overly analytic i can be scared i can be like is it the right time i can have confidence i can lose confidence like i sometimes my wife's on board sometimes she's like hey just chill the hell out sometimes my friends are positive about shit sometimes they're you know talking rubbish about stuf

https://www.youtube.com/watch?v=r6s1dYMgwbw I live what you would call an unconventional decade in my 20's. Married young, kids young, poor to career success to starting a business and achieving financial freedom at 28. Here's some of the unexpected things I learned about money during my 20's. 8 Unexpected Things I Learned From My 20's 1: Financial Freedom Doesn't Made You Happy 2: Being Poor Definitely Makes You Unhappy 3: Debt Will Eat You Alive 4: Budgeting Is a Skill You Can Learn 5: Focus on Building Your Skills 6: Paying Yourself First is SO Important (and so easy) 7: Happiness is More Important Than Money 8: STOP Trying To Get Rich Quick Recommended Videos: What Financial Freedom Feels Like Our Best and Worst Financial Decisions How I Manage My Bank Accounts and Budget Transcription: I lived what you might call an unconventional decade in my 20s I didn't live a life that most 20 year olds were to live but through that journey I learned a lot about money and in today's episode I want to share some of the unexpected things that I learn about money through my unconventional 20s hi i'm ryan from on-property don't comdata you helping you achieve financial freedom and welcome to the money shed where today we're going to be talking about these lessons that I learned now as I said at the start I didn't live at conventional 20s or maybe that's conventional for someone in the 50s or something like that I actually got married at the age of 20 I had my first child at 22 my second child at 23 so I didn't go to university or anything so we were quite poor at 23 and I had myself and three other people that I was fully responsible for fully financially responsible for for feeding for housing all of that sort of stuff so we weren't very well-off I then did the career path ended up in a career where I was earning six figures had a free car free petrol a really good career and then left all that to start my own business build up my own business had my third child at 27 and was financially free through my business at 28 lived in a van lived in multiple different cities so didn't really do what a standard 20 year old might do which is go to uni party travel a bit and then start building up your career yeah I started young and I kind of did my 20s really differently and so here are some unexpected things that I learned through that decade of my life that I think may help you whether you decide to live a more conventional 20s and you know I probably wouldn't advise people to do what I did but I don't regret it either but these things might help you on your journey so the first thing and I think this is actually the biggest thing that I want to get across and that was discovering that financial freedom doesn't make you happy so that age of 28 I achieved what I call pseudo financial freedom so online businesses that were generating me enough money that I didn't have to work so I had a couple of years there where I didn't have to work at all I just we spent it up in noose our I went to the beach every day drank coffee every day and just kind of worked on the side and dabbled in work a little bit here and there but I didn't need to work I call it pseudo financial freedom because I knew it wasn't the long-term financial freedom that property investing or investing in shares can give you and it was going to be a short-term thing but I got to experience what financial freedom was like for a couple of years there at the end of my 20s and I learned pretty quickly that financial freedom does not make you happy so I thought it was just going to be get you chief financial freedom or you get rich and then BAM click your fingers you are going to be the happiest person on earth you can do whatever you want with your time whatever you want with your life and while there was an element to that what I actually found out what my experience actually was was that I didn't have any purpose in my life and I didn't know what to do with my life or what to do with my time because previously I was just working so hard to get to this goal of financial freedom and my identity and all of my time was put into that to then take that away from me I was like I don't know what to do with this and so I learnt that financial freedom doesn't make you happy I went into a deep dark depression one of my worst depressions ever in my life and I've you know struggled with that stuff on and off throughout my life but that was really bad and it took me probably 18 months to kind of find my footing and to work out okay what is it that actually makes me happy in this life now that I don't really have to work so while financial freedom doesn't make you happy it does give you the freedom to explore your happiness and to try and find it and so I tried multiple different things I was playing out doing a lot of video games and tryin

https://www.youtube.com/watch?v=SmrtzwDP35k Almost anyone can go out there and purchase an investment property, but it's actually really hard to become good at investing in property. Why is property investing so hard?! Book a Free Strategy Session Suburb Research Course The Reasons It's So Hard To Get Good At Property Investing 1: The Barrier To Entry - 0:55 2: It's a Multi-Faceted Skill - 2:07 3: A Lack of Repetition and Feedback - 3:23 What Can You Do To Get Better at Property Investing? 1: Education - 4:51 2: Hire Someone To Help You - 6:19 3: Practice The Free Stuff - 7:50 The Secret life of Real Estate and Banking by Phil Anderson Cash Flow Analysis Tool 4: Get Clear On Your Strategy Book a Free Strategy Session Recommended Videos: How To Find The Best Property In a Suburb Step-by-Step How To Negotiate On Property Transcription: almost anyone can go out there and purchase an investment property but it's actually really hard to become good at investing in property in this episode we're going to talk about why it's so hard to become a good property investor and some things that you can do to improve your property investment skills to lower your risk and increase your chance of return so you can get to your goals faster hey everyone i'm ryan from on-property and welcome to my property workshop today property investment is just one of those skills that can be very difficult to get good at but once you're good at it it actually is it's quite simple and can become quite simple - repeat the same strategy over and over and over again and to grow your wealth so what is it about property investing exactly that makes it so hard and then what are some things that you can do to kind of overcome those obstacles and improve your skills anyway one of the main reasons property investing is so difficult is the barrier to entry in order to purchase a property you can't just go out into it if you want to go and play tennis don't buy a racquet or hire a racket and you can start practicing and playing straight away but if you want to invest in property then you're going to need to save a deposit whether that be ten or twenty percent of the value of the property if you're talking four hundred five hundred thousand dollar property at twenty percent that's about 80 to a hundred thousand dollars that you actually need to save as a deposit in order to get into the market even ten percent you looking at forty to fifty thousand dollars which is a larger sum than most people have saved in their entire life so barrier to entry is really hard in that aspect you also need to be in the financial position where you can borrow money from the bank or a lending institution so generally that means having a decent income and having a stable source of income as well so that can further add to the barrier entry of getting into the market so Barry fir entry just means it's hard to actually start doing it and as I say practice makes perfect and if you can't even start how are you meant to get good at it the second thing that makes property investing so hard is that it is multifaceted it's not just one skill that you need to learn when it comes to investing in property is understanding things like market cycles understanding the global cycle and the Australian cycle and how that fits into things understand the cycles of different major capital cities within Australia looking at then understanding you know different regions within those cities how they perform doing suburb analysis understanding that being able to analyze investment properties and their potential as well as problems that they may have looking at a suburb and the best spots within a suburb and what properties to avoid negotiating contracts all of this sort of stuff as you can see it can be a long list of things that you need to learn in order to get good at property and each of those things is an individual skill that you need to practice and get good at doing suburb research and comparing suburbs to each other that's a skill that you can build an acquire but that's a skill that's completely different from doing overall market analysis and seeing what the market trends are which is a different skill again from negotiating with real estate agents so it's multifaceted there's lots of different skills that you need to learn and get good at that can be very overwhelming at times another thing is that you have a lack of repetition so if you want to get good at something practice makes perfect again but being able to repeat that thing over and over and over again and improve each time so with repetition there's also feedback on whether or not you're doing it properly so with tennis let's say you're doing a forehand if you hit the ball you're getting feedback straight away as to whether or not that ball goes where you want it to go and if it hits the net o

https://www.youtube.com/watch?v=G2NQ2rZ6zKk I love it when a new year rolls around as you get an opportunity to set fresh goals for the new year. Here's some ideas on how to set property investment goals for the year so by the end of the year you're closer to your financial goals. Book a Free Property Strategy Session 1: Have You're End Goal In Mind - 1:40 2: Where Are You At Now? - 2:50 3: What's The Big Thing You Want To Achieve This Year? 4: What Are The Steps Needed To Achieve That Big Thing? - 6:40 5: What Is Your Next Immediate Step? - 9:45 Recommended Videos: How To Create Property Investment Goals For The Next Decade Transcription: I love it when in New Year rolls around as you get an opportunity to set fresh goals for the new year so that at the end of the year I like to look back and say okay where am I now compared to where I was and it's always nice to be a bit further along so in this episode I want to talk about how does that property investment goals for the year so that at the end of the year you're gonna be closer to your ultimate goal whether that be financial freedom or whatever it may be hey I'm line from on-property helping you achieve financial freedom and right now I'm in such a better financial position than I was a year ago so a year ago I was just going through a separation was in you know I've been to a lot and was in a real rough situation and 2019 was really a year survival for me but towards the end of the year I really cemented my strategy to grow my finances and spend the second half of the year working out of that and while I'm not in exactly where I want to be I'm in a such better position and 2020 for me is a year of growth and so what I want to do is kind of help you to create a framework and how you can set your goals or your property investment goals specifically for this year so that at the end of the year you've achieved something big whether that be actually buying a property and making that big step or whether that be saving a deposit budging whatever it is to get you closer towards your ultimate goal for a lot of people that's going to be financial freedom that's definitely my goal or it may just be a certain amount of money in the bank so when it comes to setting goals for the year the first thing that you need to do is really have your end goal in mind so you need to understand where you want to end up because this year is only a small part of your life and it's only a small part of your finances as well and it's highly likely that this year is just going to help you get towards a larger and longer term financial goal so you need to understand what that longer-term financial goal is and if you don't understand that yet then you need to start there I just did a video on how to set your property investment goals for the next decade so if you haven't watched that one I will link up to it down below go ahead and check that one out we're talking more detail there about setting those bigger picture goals but looking at this year you need to know what your bigger picture goals are and so for me in that video I talked about my bigger picture goals of buying for investment properties and building for granny flats so having eight incomes in total and ultimately having those paid off and owned it outright so that is my bigger picture goal and what I'm working in and so I need to start there then I need to look at and you need to look at where are you now exactly what is your cash flow situation how much money are you earning how much money are you spending what is your debt situation what is your savings situation as well so getting real on where you're at now is also really important to try and work out ok I've got this big end goal in mind where am I at now and what steps do I need to take in order to get towards that end goal so for me 2020 is a year of growth but it's really about growing my business and getting myself into a position where I'm debt-free or my business has grown to such a point that I'm financially free through my business and it's paying off the debt but that may take another year so that's my goal I don't actually have any goals to buy property this year so that doesn't help this video but that is part of my journey and part of my steps towards my goal so this year won't be about buying property that will likely be next year but I have that realistic goal in mind and timeframe okay so I've got the begin goal and then realistically what can I achieve this year given my current situation same in deposit and buying a property when I've got debt to pay off is not really realistic for me I also gonna grow my business over the year but because of the work I do take six or twelve months to pay off chances are I'm not going to earn enough this year to completely pay off the debt and save a deposit

https://www.youtube.com/watch?v=8-Vr6W_NpAE They say you can achieve less than you think you can in a year but more than you think you can in a decade. Here are some tips on how to set your property investment goals for the next decade so you can achieve everything you want to and more. Book a Free Property Strategy Session 1: Where Are You At Now and What Are You Unhappy With? - 3:00 2: What Do You Want Things To Look Like? - 10:00 3: What Numbers Do You Need To Make That Work? - 10:50 4: What Is It Going To Take To Get Your There? - 15:10 5: What Is a Realistic Timeline? - 23:37 6: What Is The Next Immediate Step To Get You There? - 28:34 Recommended Videos: 2 Properties To Financial Freedom How To Create Property Investment Goals For The Year Transcription: they say that you can achieve less than you think you can in a year but more than you think you can in a decade in this episode I want to talk about how to set property goals for the next decade of your life for the next ten years so that at the end of the next decade you can be sitting exactly where you want to be and have moved financially forward because the next decade is going to pass whether or not you set financial goals whether or not you move towards those financial goals in a decade's time you're gonna be 10 years older and you can either be 10 years older and more set up financially to have a better decade after that or you can be 10 years older in the same position that you're in now because generally speaking with finances if we're not diligent if we don't actually set the path ourselves and say this is where I want to go this is what I'm going to try and get to generally we don't really move along we just stay on the rat-race we continue to work in jobs we have credit card debt and we just end up in a situation where we need to work in order to survive so if you want to get out of that rat race if you want to start moving forward financially over the next decade then this episode's going to be for you hi i'm ryan from on-property helping you achieve financial freedom and the last decade has definitely been a big one for me I'm about to turn 30 - so a decade ago I was 21 now I a decade ago I didn't have any children so I would have been well my wife at the time would have been pregnant with our first child who is about to turn 10 and so much has happened in the last decade for me my goal was always be financially free before I was 30 to be a millionaire I kind of achieved one of those like I achieved pseudo financial freedom at the age of 28 I call it pseudo financial freedom because I achieved financial freedom through my online businesses so I had a couple years there where I didn't need to work because my businesses just generated enough money without me but the internet changes and over time that was no longer the case so I'm now back working again but a lot change in a decade looking back me at 21 with no children and now nearly 32 with three children and you know so much has changed as well financially and so much has changed in my career I've been fortunate enough to run my own online business for the last six or seven years and done that quite successfully but where do I want to be in the next 10 years so I'm going to talk in this episode about how you can do your financial plan for the next decade but then I'm going to use myself as an example and kind of go through some of the things that I'm thinking about so you can get an idea of how this actually applies practically as well so the biggest thing well there's a lot of big things here but something that we need to do is to actually start where are you at now what's your situation now but also what are you unhappy with with that situation now talking about financial goals for the next decade I'm not going to be talking about you know those big I want to be a millionaire I want to be a billionaire those kind of lofty sort of dreams I want something that's really concrete and something that if I actually achieve this in a decade time I'm going to be really happy now I can exceed this of course if I decide that I want to work really hard for that or if things go in my favor I can exceed this but I guess as a bare minimum this is kind of where I want to be in a in a decade's time and so I start by looking at where you're at now and what you're unhappy with it can also be helpful to look at you know where have you come from and what you've achieved because sometimes looking at where we're at now can be a bit depressing because it's not exactly where we want to be but looking at myself and where I'm at now I've got a good solid income from my businesses that is growing and I'm working on growing yet still the majority of my income from my business is passive income that I don't need to work really hard for but there is an eleme

https://www.youtube.com/watch?v=OkkbDQAQq6A There are a lot of different things you need to know to successfully invest in property while minimising your risk. Here are the skills you need to achieve success in property investing. 1: Budgeting and Saving - 1:25 2: Cash Flow Management - 2:24 3: Goal Setting - 3:26 4: Strategy - 5:15 5: Area Research - 6:24 6: Property Research - 9:20 7: Negotiation - 10:00 8: Settlement Process 9: Property Management - 10:48 10: Opportunity Analysis - 11:13 Recommended Videos: Exactly How To Negotiate on Property Transcription: when it comes to investing in property there's a lot of different things that you need to know in order to be able to do it successfully and to minimize your risks and increase your chances of return investing in property can be really hard if you don't know what you're doing it can seem really overwhelming but if you know what you're doing in all of these areas it's actually pretty straightforward so there's a lot of different things that you need to be skilled at and you need to be capable in to successfully invest in property and in this episode I want to talk about what those things are so you can kind of look at this and say okay what areas do I need to improve in what areas do I need to work on and we can take away some of the overwhelm we can take away the idea of property just being this elusive goal this really big thing that I have no idea how to do that and we can break it down into the different things you need to know and be able to do and then you work on them one at a time and slowly build up your skills and eventually get to the point where property just makes sense it's actually pretty easy to do it's not that complicated at all but this does take time and it will take time to build these skills so let's get into this list of the things you need to know to invest in property successfully now this is obviously going to be you know a shorter list than probably there's probably more things that I'm missing here but this will give you a good starting point so the first thing is budgeting and saving so this is before you even looking at investing in property you're going to need to save a deposit and you're going to need to be good at budgeting within your own life and save you money within your own life in order to save a deposit so you can have that deposit and be able to borrow money to buy property without that deposit it's very difficult to buy property unless you go in with someone else or maybe here parents a guarantor you or something like that but yeah budgeting and saving is actually a very difficult skill and something that you need to work on and get better at so that you can save that deposit so that's going to be the first thing that has always been hard for me my my solution to that has always just been to make more money but as of probably two years ago I started get way more diligent with this and seen a huge improvement in my budgeting and saving in debt reduction and stuff like that so budgeting and saving is a skill that you're going to need to get good at cash flow management as well it's something that you'll need down the line when it comes to owning your property and running your property so you can apply this in your own life cash flow management is kind of looking at what are the upcoming income and expenses and how is that money going to flow because sometimes property might make money throughout the year but you have times where you have a really big expense and so you're going into the negative so you need to kind of prepare for those moments and so you can do that in your own life and start practicing it in your own life looking at okay when is my Reggio jus for my car when's that coming up what am i debt repayments or credit card repayments when do I have to pay rent or my mortgage and all of this sort of stuff I've actually mapped out my entire year and all the major expenses that come with that and all the major income that I have as well and so I can see my year and what it looks like as well as how much money I need to make and how much money in to make from my business and what I need to do so cash flow management as well next one would be goal-setting and this is something that I guess we talk about a little bit here but people don't think about I just think of it invest in property and make money no it all actually starts with your goal and starts with what you want to achieve and so there's goal-setting the next one we'll talk about strategy but the strategy exists for you to meet your goal and so all the property investing basically comes down to what your goal is and so different people have different goals and what they want to achieve as well as what kind of lifestyle they want so I'm actually here at my dad's at the moment but next door to Dad's if we walk out he

https://www.youtube.com/watch?v=QV6L3Ard93Y When we are trying to budget there are a lot of mistakes you can easily make that make it hard to follow your budget and achieve your financial goals. Here are 10 common budgeting mistakes that you'll want to avoid if you want to achieve financial freedom. 1:11 - #1: Not Finding a Budget That Suits You 2:22 - #2: Not Automating Things 3:26 - #3: Not Checking In With How You're Doing 4:25 - #4: Overspending 5:00 - #5: Making a Budget That Is Too Tight 5:45 - #6: Not Seeing Budgeting as a Skill 6:41 - #7: Having Everything Mixed Up and Not Having Clarity 7:57 - #8: Not Paying Yourself First 8:47 - #9: Not Budgeting For Things Like Christmas and Presents 9:41 - #10: Not Putting Aside Money For Big Bills or Holidays Transcription when we're creating a budget or trying to budget there's a lot of mistakes that you can easily make that can make it really hard to follow your budget and really hard to achieve your financial goals so in today's episode I want to talk about ten different common budgeting mistakes that you may be making right now and don't worry I'm pretty sure I've made every single one of the mistakes on the list hi i'm ryan from on-property helping you achieve financial freedom and budgeting can be a really dirty word it could be something that we like to avoid but if you want to actually achieve your goals if you want to invest in property and achieve financial freedom then you will need to budget and you will need to save that deposit and budgeting putting money aside spending less than you earn is a big part of growing as an investor and having money so you can invest so I've done many different budgets throughout the year years and made a lot of different budgeting mistakes and so hopefully you can learn from these mistakes and not do them yourself so see myself make these mistakes as well as other people so the first biggest mistake and this is the one that kind of kept me back for years was actually not finding a budget that really suits you and suits your needs there's a lot of different ways to budget out there people use everything from the envelope method where you actually get out physical cash and put it in envelopes and set it aside people do that people use applications for it I used to track our budget in an app people use spreadsheets there's all sorts of different ways that you can do it ultimately the way that I found works for me was to actually set aside money and automate a lot of the regular payments so things like my monthly internet phone bill rent all of that sort of stuff even car registration I used to save for on a monthly basis I would set that all aside and then I would give myself a weekly amount of money that I could spend and then I can spend that on whatever I want during the week so some of that might go to groceries some of that might go to going out and depending on the week depends whereas fence I'll finally found one that works for me so have a look at the different budgets out there and try them and find the one that's going to suit you best the second mistake is not automating things so there's a lot of payments and a lot of things that happen in your life that are automatic generally most people get paid on the same day every single week or in the same date every single month so that is automatic and so to make budgeting easier when you get paid having a lot of things happen automatically just makes your budgeting on autopilot something you never have to think about and it's automatically happening so paying yourself first putting money aside for the big bills saving for your holidays paying off debt if you have all of that stuff happening automatically as soon as you get paid you set up a scheduled payment that's recurring in your bank that money goes to where it needs to go so once it's automated then you're only focusing on the actual choices you need to make because if you're relying on yourself going into your bank account every single week or every single month and consciously making that decision to budget and to put money in the right places chances are sometimes you're not going to do that and if it's automated just happens for you it's not a decision that you need to make the third thing is not checking in with how you're doing and this is just being in denial basically and not staying on top of things I've definitely done this throughout the years when Christmas time comes around or you know I know I spent too much for the week rather than actually logging in and looking at my bank account and seeing where I'm at and seeing how much I have you just do the like blind tap and just hope that you have enough money in your account and you're not aware of where you're at you're not aware of where your debt repayments are up to or how much you've spent for the wee

https://www.youtube.com/watch?v=FPtjdarXDjM I personally want this year to be my best financial growth year yet and I want the same for you. Here is the actions I am taking and the framework I am using to achieve long term sustainable financial freedom. 0:39 - Where I am at at the moment2:28 - Setting long term financial goals for financial freedom4:20 - Understanding what assets are required to achieve that goal7:15 - Action goals to create/buy the assets you need Recommended Videos: What It Feels Like To Be Financially Free How I Achieved Financial Freedom at 28 Transcription hey you beautiful people the new year is upon us which is an exciting time to set new financial goals hopefully to move you towards your ultimate goal of financial freedom or whatever it may be I personally want this year to be my best financial growth year yet and I want the same for you as well so in this episode I'm going to talk a bit about what I'm doing this year and the framework that I have that I'm going to be using in order to achieve my success and achieve my financial growth goals and then ideally hopefully you can learn from this and apply some of this to your life as well hi i'm ryan from on-property helping you achieve a financial freedom to give you a bit of context of where I'm at at the moment is that at the age of 28 I was lucky enough to achieve what I call pseudo financial freedom through my online business set-aside online businesses that were generating enough income that I didn't need to work so I really got a taste of financial freedom at 28 and had a couple years where I really didn't need to work much at all and so I spent that living up in Nusa with my family enjoying the beach drinking lots of coffee every day go on the beach choice every single day and just enjoying the lifestyle that financial freedom offers internet trans change I wasn't keeping up with things so my business declined and now no longer financially free but I'm working to build that up again ideally to achieve that pseudo financial freedom or like self sustainability by the end of the year but to do it in a way that my business will then continue to grow not decline like it did in the past and also to then take those profits and reinvest them into property so that I can achieve long-term sustainable financial freedom so that's kind of an idea of where I'm at at the moment last year really was a year of survival for me and just getting through the year there was a lot of change including a separation relocation interstate a lot of expenses that go with that sort of stuff moving back to Sydney which is more expensive so huge adjustments last year and one of the downsides of my business as well is that the work you do doesn't really pay off for about 12 months so doing a lot of work at the moment and last year that I haven't really seen the fruits of yet but I'll hopefully see the for itself towards the end of this year so what exactly am I doing this year to make it my best financial growth year yet and what sort of the framework that I'm using and how can you apply that so the first thing is setting a clear financial goal and setting a clear long-term financial goal to start with for me that's always been financial freedom and I value financial freedom so highly over any other financial goal whether it be amount of money in the bank or materialistic things like a new car or whatever it is that people kind of seek after these days it's always been financial freedom for me and financial freedom is just the ability to support your lifestyle without having to work and the reason I think that's so important is that it gives you choices and Ben Everingham the buyer's agent over pumped on property who I work with and a really good friend of mine talks about this a lot is that when you have financial freedom you've got the choices to do what you want with your time and that was so important to me like back when I achieved financial freedom at 28 I thought have you achieved it click your fingers you'll instantly be happy and that was really not the case actually went through a deep dark depression after achieving financial freedom because I didn't have a goal anymore I talked about that in a separate video and what it feels like to be financially free so I'll link up to that one down below but financial freedom didn't make me happy but it gave me the time to explore my own happiness so when it comes to financial goals that is kind of my Northstar and my guiding light is six-figure financial freedom so having that amount of money per year come in whether I work or not and having it come in stabili is my financial goal so having like a financial goal to start with is really important and what you set as your financial goal is obviously completely up to you maybe you want financial freedom as well and you can determine okay how much

https://www.youtube.com/watch?v=3s8tPgal6xI Should you invest in houses or units? What are the benefits of investing in houses instead of units? Book a Free Property Strategy Session 0:42 - #1: Land Component1:25 - #2: Easier To Renovate and Manufacture Value On a House2:25 - #3: You Can Add Space/Bedrooms To a House3:13 - #4: More Control Over Your Cash Flow4:25 - #5: Houses Tend To Outperform Units Over The Long Term5:06 - #6: Units Can Have Oversupply Issues Transcription: Ryan 0:00should you invest in houses or units when you're looking at investing in property obviously you can decide between investing in houses or investing in units with units having the benefit of generally being cheaper than houses in the same area but in this episode i want to talk about six benefits of investing in houses over units hi i'm ryan from onproperty helping you achieve financial freedom and when it comes to investing it's very important that you choose the right asset class that is going to move you towards your goal of financial freedom or whatever it may be so what are the six benefits of houses over units and why should you consider investing in houses so the first benefit is the land component or the land value so we all know that it tends to be the land that goes up in value not the building itself the building depreciates in value gets older with time and less valuable but the land that they're building is situated on is what goes up in value and so when you purchase houses you have a much larger land component than if you purchase a unit so obviously purchasing a unit you've got multiple people on the same block of land meaning that your the your ownership of the land component is much smaller however if you purchase a house you own that full block of land so as the land goes up in value you get access to that entire benefit the second benefit of a house is as much easier to renovate and manufacture value through renovation in a house than it is in a unit especially when it comes to the exterior of a property now when you own a house basically that is yours there's no one on top of you there's no one below you there's no one next door to you or there's a next door neighbor but you're not sharing walls and so when it comes to structurally your house you can do what you want obviously you need to go through council and get that approved but you can do your own renovations without needing to ask for permission however if you're in a unit then there are some renovations you can do internally to the unit in order to increase the value of it without requiring permission from strata but however a lot of things especially if it's going to be a structural in nature or if you want to do the exterior that has to go through strata has to go through body corporate in order to get that approved so it can be much more difficult to do renovations with units and the third thing i guess is is much harder to manufacture value through actually adding space so adding space to a unit you can't really do that it's very difficult to turn a two bedroom unit into a three bedroom unit because the space is defined for you however if you have a three bedroom house there's the potential to do an extension on that property to turn it into a four bedroom house or maybe you buy one of those old houses that have a weird layout you can just change the internal layout to turn it from a two bed to a three bed or a three bed to four bed and increase your value that way or in terms of development as well you could knock down that house completely and you could rebuild something else you could even subdivide that house or there's other development opportunities there for you to get an increase growth and to manufacture growth in your property that just isn't possible with a unit the fourth thing is control over your cash flow so council rates yeah they do tend to be higher in houses than units because you have more of that land and if you own too much land then you're looking at a land tax as well that you'll have to pay but that is state by state and you can look into that in more detail but generally speaking you have more control over your finances because with a unit you generally have money that you have to pay to the body corporate and the body corporate then decides what to do with that money but what you don't realize is that sometimes that changes i know ben invested in his first property and the body corporate fees they didn't have a sinking fund so the sinking fund is i guess a large pot of money that they use for big improvements to the unit block they didn't have a sinking fund so they upped everyone's body corporate fees significantly which then stripped all of the cash flow out of the property and put ben in a very difficult situation at the time on his first investment property and so you don't have control over that w

https://www.youtube.com/watch?v=Divw0QpzbUs Creating a passive income online and achieving a passive income online sounds sexy. It sounds like laptops on the beach but in today's episode I want to share the unsexy side of achieving financial freedom. 0:00 - Introduction1:08 - The unsexy side of financial freedom2:10 - My strategy for achieving financial freedom online8:22 - No one is going to achieve your financial freedom for you9:50 - If you want an extraordinary life, put in extraordinary effort Recommended Videos: How I Achieved Financial Freedom at 28 How I Got Into Debt Transcription: Ryan 0:01A lot of people think creating a passive income online and achieving financial freedom online, through that passive income is just going to be laptops on the beach in a super cruzi lifestyle. But it can actually require a lot of hard work and some pretty unsexy nights are spent at the computer and said, Today, I want to talk about the unsexy side of creating financial freedom through your online income. Hi, I'm Ryan from OnProperty, helping you achieve financial freedom. And I did achieve a level of financial freedom at the age of 2008, where my online businesses were generating me enough money that I didn't need to work basically worked a couple of hours a week, lived up in Noosa, went to the beach a lot, and went out for coffee a lot, lived a good life for a couple of years. But businesses slowed down, I went through some personal things ended up in a bunch of debt. And so now I'm trying to climb myself out of that hole. And so today kind of sharing something that's a bit unsexy about the work that's required. Now, it is about seven o'clock at night, as I record this, I'm actually sick. So I've got the flu or something, I've got body aches, I've got nauseous. But this work won't do itself, given that I did rest on my laurels. And that I did get into debt, I don't have the available funds to just hire people to work for me and to do the word actually need to pull myself out of this hole by doing excessive amounts of work myself, and to fix my cash flow in the short term, and actually got a job at a local cafe as well. So you may know that I love coffee. And so I've got a job at a really cool cafe. And just working they're doing morning shifts, but living in the unsexy side of things. So I've still got income coming in from my online businesses, which is keeping my head above water. My dad likes to talk about it and say that, you know, my head is below water, but I've got a straw, just breathing through that straw. But my strategy with creating online income is to write a whole bunch of articles. So basically, I went through, and I looked at a bunch of my sites, I've got a lot of different websites on property being one of them. And I looked at on average, okay, how much do articles earn, when I write them, so how much they earn in the first month since I write them? How much do they earn in the second month, third month, fourth month, etc, looking at how much they earn in the first year, in the second year. And so the way that it works with online business, at least for me is that I create a lot of content. And that content then ranks in Google people visit my website, and I make money through advertising, affiliate sales, referral fees, and things like that. But looking at the statistics of how much money do I make per article that I write, the numbers are good over the course of about three years, I make good money over the course of about three years for the articles that are right. But in the first month, on average, I made $2.24 per article that I write. So in the first month on may just $2 per article. Now the articles that I write are extremely high quality, a lot of research goes into them, you're looking around, you know, 1500 to 3000 words per article to make $2 in the first month. And so basically at the moment, because I do have some cash flow issues, I'd like to grow my cash flow as quickly as possible. And so I could do that by going and getting a job. And look, I've done that to you know, tie me over. But in the medium term, the goal is to write a whole bunch of articles to get them ranking and to earn money that way. But the frustrating thing with online is that you don't make much in the beginning. And that $2 is I have been doing online marketing for over a decade now. 10 years. So I know how to write stuff really well. I know how to get stuff ranked in Google, like I have a lot of experience with this. And so if you're starting in this, you might not even make that much in the first month. And so basically what I'm doing at the moment is working a job, and then coming home and writing at least two articles per day. A lot of that is actually writing at night. So I've got my kids half the time as well. So they might go to bed about 738 o'clock and then sit down and i

https://www.youtube.com/watch?v=LDG4ekGdpHk The new year is just around the corner and each year I like to set myself goals for the new year. Here are my financial goals for 2020 and how I plan to achieve them. 0:00 - Introduction0:42 - 2019 Recap1:45 - How I'm starting 20202:48 - What are my financial goals for 20204:32 - How I'm going to achieve those goals6:25 - Achieving financial freedom again6:56 - What are my goals for 2021?9:00 - Excited for On Property in 2020 Recommended Videos: Did I Achieve My Financial Goals For 2019? My Financial Goals For 2019 (Recorded 2018) Transcription: Ryan 0:00the new year is just around the corner and each year i like to set myself goals for the year that's coming i recently did a video on how i did with my 2019 goals so i set some goals at the end of 2018 how did i do with those i'll link up to that video down below if you want to go ahead and check it out spoiler i didn't achieve the goals that i made some steps towards it but in this video i want to talk about what are my financial goals for 2020 and beyond and kind of a bit of the plan of how i am going to go about achieving those hey i'm ryan from onproperty helping you achieve financial freedom and 2019 just a quick recap if you haven't watched the previous video is that it didn't start 2019 from a place of strength my businesses were going backwards i'd recently separated i was in quite a fair bit of debt and i was living with my dad in order to save on rent so i didn't really start from a place of strength and basically the middle of the year was one of the worst times financially for me where i nearly ran out of money and had multiple times where i thought i would basically not be able to pay for food not be able to pay for rent not be able to pay for the kids school fees so it was a really scary time and then towards the end of the year really cemented a plan for my business really understood how it worked in a new way and started working that plan as well as had some of my businesses grow as well so i got really fortunate towards the end of 2019 to be in a position where are starting to pay off debt again and just in a more stable financial position and so that's kind of the context for how we're going into 2020 funnily i'll be starting 2020 very similar to 2019 in that i will be back at my dad's place so at the moment i am in my own unit but the owners are moving back in here so i'm currently packing up and about to move back to dad's for the summer holidays the summer time period is the slowest time in all of my businesses so now people have christmas rush i can add the opposite of that and so cash flow i'm just not exactly sure what it's going to be over december january february and so i figured i'm just going to lower my expenses over that time period see how things turn out and then make decisions about where to live come february and so finally i'm going to be starting the year almost in the same way that i started 2019 but i'm definitely starting from a much better place of strength so starting 2019 i just hadn't been working on my businesses for years and was just starting to work on it again starting 2020 i've had all of 2019 where i've been working on my business and growing so that's really exciting to be starting from there so what are my financial goals for 2020 well my financial goals for 2019 was to pay off all my debt and to achieve financial freedom again through my businesses now i didn't achieve either of those and my goals for 2020 are kind of similar i also want to achieve financial freedom through my businesses again and i do believe that i actually have a plan now of exactly how to do that if i do x amount of work right x amount of articles are published x amount of videos then i will achieve that or i should achieve that so i've got a really fixed plan in mind of how to implement that but the goal around that is to grow my second six figure website so having two websites that earn over six figures is my goal for the year and so obviously that's going to put me in a pretty good financial position if i can go ahead and achieve that i don't think the websites will be earning that much in 2020 but building them up to the point that in 2021 that they will kind of perform at that level so that's my goal when it comes to paying off debt i would love to pay off all of my debt i don't know given my cafo circumstances whether or not that's realistic but i definitely want to reduce that down and at least have that debt completely hava completely that doesn't make sense i want to have half my debt and basically i want to get in a position where i have that infinite runway and i have that financial freedom again so i talked a little bit about it in the last video but the way i earn money in my businesses and the way it works is that i

https://www.youtube.com/watch?v=hzuflTf2apQ At the end of 2018 I set my financial goals for 2019. Did I achieve those financial goals? In short - no. Here are some of the obstacles that came up for me in 2019 and how I survived one of the hardest years of my life. 0:00 - Introduction0:37 - Recap of my goals for 20191:06 - Context around why my 2019 started so tough3:05 - I took meaningful steps towards my goals4:22 - The start of 2019 I was living with my dad5:40 - The biggest issue I had in 2019: Cash flow issues8:09 - When things really started to change for me10:35 - Getting a job13:25 - I SURVIVED 2019!!! Recommended Videos: My Financial Goals For 2019 (Recorded 2018) My Financial Goals For 2020 - Achieving Financial Freedom…Again Transcription: Ryan 0:00at the end of 2018 i sat down with simon everingham the buyer's agent from pumped on property and talked about what my financial goals were for 2019 so i'll link out to that down below but in this episode i want to talk about how i went with those financial goals in 2019 did i achieve them if so how did i achieve them if i didn't achieve them why didn't i achieve them hey i'm ryan from onproperty helping you achieve financial freedom and when i sat down with simon about a year ago today we were talking about our financial goals and what we had planned for 2019 now simon was just buying a property at that time which was his big financial goal and his goals in 2019 was i think to save up another deposit in order to go again and now my position was very different at that time and i really didn't start 2019 from a place of strength which we'll talk about but my goals for 2019 was to get myself out of debt and also to achieve financial freedom again now a bit of context around this it was probably 2016 or maybe 2017 now would have been 2016 or 2015 that i achieved what i call pseudo financial freedom so i had online businesses that were generating me enough income that i didn't really need to worry now i call it pseudo financial freedom because it's not a long term financial freedom that you get from investing in property where you know that as long as the market doesn't crash you're going to be set for life i call it pseudo financial freedom because with internet businesses things change all the time i knew that i would have just a set time period where this would be the case and then i would need to work again but basically back then achieve financial freedom really wasn't happy in life at all in fact suffered with a lot of depression suffered with anxiety and eating disorders and so i thought well rather than chasing the big box and multi building a multimillion dollar business let's actually chase happiness and go about finding happiness and so me my then wife kelly at the time we bought a van did have a van moved into the van with our kids ended up moving out to noosa and living there for a couple of years and hardly working so at the end of 2018 simon was in a really good financial position buying his first property i was kind of in the opposite so i had just not been working on our businesses for a couple of years me and kelly had decided to separate and so just kind of going through that separation and about to move into state so at the same time that that was happening my businesses finally started to move backwards and the income from my businesses was dropping so at the end of 2018 i really wasn't in a very strong financial position and i was actually getting into debt i also had a bunch of investments that went bad over the course of 2018 as well and so all in all i just didn't start 2019 from a place of strength so did i achieve my goals in 2019 of paying off all my debt and achieving financial freedom no i didn't achieve them but i did take meaningful steps towards them and i am now going to be starting 2020 from a much greater place of strength i will talk about what my goals are for 2020 in the next video but in this video we're kind of just reviewing okay what happened in 2019 what kind of hurdles did i have to go through what did i learn from those experiences and i hope that you can take some learning out of this as well because wealth building growing your wealth growing your passive income you know i always saw it as just a straight line that goes upwards and to the right but what i've realized in life is that you have your ups and downs you have your times where things are going really good you have your science when things are going really bad i was actually just hanging out with a friend the other day and she has started lots of multimillion dollar businesses that she has grown tremendously but then they've crashed and then she started again grown it again but each time along the way you learn something new so this is kind of for you know it's an opportunity for me to look back over the year but it's also an opportunity for you to

https://www.youtube.com/watch?v=vxrfKb94tzs Building granny flats on properties you already own to get two incomes is becoming a more popular investment strategy. But does this investment strategy make sense? Book a Free Property Strategy Session Recommended Videos: Granny Flat Walk Through #1 Granny Flat Walk Through #2 Transcription: Ryan 0:00Investing in granny flats or building granny flats on properties that you already own is becoming a more and more popular investment strategy. But does that actually mean it's a good investment strategy? In this episode, I want to talk about whether or not granny flats make sense talking about some of the finances around it. And so you can decide for yourself whether or not this investment strategy makes sense for you. Hey, I'm Ryan from OnProperty, helping you achieve financial freedom. And I work a lot with Pumped on Property buys agency here on the Sunshine Coast. They help a lot of investors invest in southeast Queensland, and build a bunch of different granny flats on their properties. So how exactly does a granny flat work and what are the financials behind it? Well, the first thing to understand is that you can't build a granny flat everywhere, especially up here in Queensland, there's some councils that allow it and some councils that don't. Brisbane City Council, for example, is a council that doesn't allow you to build granny flats. So whether or not it makes financial sense might not matter. If you don't purchase a property that is in an area where you can build granny flats. Same with Victoria, it can be very difficult if not impossible to build and legally rent out granny flats down there, New South Wales in Sydney can be a lot easier as well. So check your local area to see whether you can do it. A big misconception that people have is that granny flats don't add any value to a property. But generally what we're finding with valuations of the granny flats is that when you invest in building a granny flat, which generally costs around maybe 120 to $140,000, you're generally getting that amount of lift in the value of your property. So let's say you purchase a property on the beaches here in North Brisbane for around 400,000, you then spend $120,000, building the granny flat so your total costs into that property is 520,000. What you will find in most cases is that the increase in value of your property will reflect that. So no longer do you have a property that will be valued at 400,000. But often you'll have the valuations come in at around that $520,000 mark. So obviously every situation is different, every property is different. But granny flats tend to add the value what they cost, but you rarely see granny flats actually add extra value. So that same example where you end for 520,000, it's unlikely that unless the markets moved or if you've renovated the front house than the valuation is going to come in at 600,000, or 700,000. So when we talk about granny flats, not necessarily being a capital growth play in terms of adding value to a property, we're talking about adding value above and beyond what it already cost to build that property. So we generally see an increase in value there. So that's something to consider as to whether or not they make financial sense, and that you're generally getting that value back. So you're spending the money to build the property, and you're then getting that value back. So that's something really important to keep in mind. Now to build a granny flat, you generally need to get a construction loan. So you could get around, I think 70 to 80% construction loan depending on the lender that you go with. So speak to a mortgage broker about that. So you don't need to put some money in to building the granny flat. So 120,020% will be $24,000 30%. If you had to put down a 30% deposit, that's $36,000. So you got to think about the money that you're investing into the granny flat, you've got to think about the extra debt that you're taking on as a result of owning the granny flat and what the interest repayments on that debt are. But generally what we're finding is that granny flats rent quite well. If you're building a granny flat in the area that has an extremely low vacancy rates. Rarely Will you have difficulties renting out that granny flat especially if it's done well. Looking at the rental returns of granny flat, every area is going to be different so I can't say this is exactly what you're going to get. Sydney granny flats in Sydney would rent more than granny flats up here in Brisbane or in North Brisbane. But what we're seeing with a lot of granny flats is that building for 120,000 renting for about 300 to $310 per week, even getting some granny flats renting for 320 or 330. Or in other areas, some granny flats are renting for a bit less around that 282 90 Mark de

https://www.youtube.com/watch?v=e0AtuU4Ix9o Investing in property is an exciting thing but how do you know if you're ready to invest or not? Here are 7 clear signs you're not quite ready to invest in property yet. How To Research a Suburb Course 0:45 - #1: You Have Lots of Debt At High Interest Rates 1:45 - #2: You Live Paycheck To Paycheck With No Buffer 3:00 - #3: Not Having a Deposit or Not Being Able To Borrow Money 4:24 - #4: If You're Susceptible To Get Rich Quick Schemes (Shiny Object Syndrome) 5:34 - #5: If You Don't Understand Market Cycles 7:53 - #6: You Have No Clue How To Invest In Property Yet 9:23 - #7: You Have No Clear Investment Strategy 2 Properties To Financial Freedom Strategy Book a Free Property Strategy Session Recommended Videos: How To Choose The Best Property in a Suburb Step-by-step Guide To Negotiating On Investment Property Transcription: Ryan 0:00investing in property and achieving financial freedom can be a really exciting thing that you likely want to do however not everyone is ready to invest just yet and in today's episode i want to share seven and clear signs that you're not ready to invest so let's go through these to see if any of these exists in your life and if they do focus on getting rid of them and if they don't then maybe you are ready to invest hey i'm ryan from onproperty helping you achieve financial freedom and let's have a look at the seven signs that show that you're not ready to invest yet and as we go through this have a thing does this apply to my life and if it does you need to focus on okay how can i remove this barrier so i am ready to invest the first one is that you have lots of debt at high interest rates so if you're in a situation where you've got lots of debt whether that be personal debt car loan credit card debt excetera if you've got lots of debt and you're paying high interest rates for those then it's likely that you're not quite ready to invest yet a you're not really in a cash flow position to be able to do it you likely don't have a deposit so you probably can't get any can't get a loan anyway but if you've got yourself into this position that i mentioned not the best at managing money or something's happened to you you need to kind of pull yourself out of that hole before you can be ready to invest in property now obviously investing can be a way to pull yourself out of that hole but going further into debt to try and get out of debt can be a really risky thing to do is to be highly educated to pull that off so being heavily in debt generally speaking you want to focus on wiping out all of that bad debt before you start investing in property the second thing is you live paycheck to paycheck with no buffer so if money comes in each week each fortnight each month from your business or from your job and you're living paycheck to paycheck meaning that you get to the end of the month and there's no money left over and if you don't have a buffer fund in place so you don't have savings in place that can cover you if you lost your income so generally speaking most people advise having about three months of income set aside as an emergency fund in case something happens to you if you're not in that situation where you have that emergency fund and you're still living paycheck to paycheck not really being able to save everything then that says to me you might not be ready to invest yet because with property things go wrong from time to time there can be cashflow issues with the property let's say you lose a tenant or a tenant vandalizes your property and then you can't rent it for a while yes there's insurance but there's going to be delay until that comes into effect and so you can lose a lot of money there and be in a very difficult cash flow situation so if you're already in a rough spot financially with your cash flow and you're struggling each and every month to finish the month still with money in the bank then it may indicate you're not ready to invest yet the third one is not having a deposit or not being able to borrow money so i'm putting these two together because you do generally speaking need a deposit to purchase property in australia that deposit can be as low as 5% that's quite rare to be able to borrow at 5% however that is potentially possible you know generally speaking you're looking at 10% or ideally 20% in order to invest in property so you can go ahead and speak to a mortgage broker about this but if you don't have a deposit it's gonna be very difficult to invest and in the same boat if you can't borrow money then it's going to be difficult to invest and highly unlikely that you're going to be able to invest so if you have a business and you don't have a proven track record of income or if you've lost

https://www.youtube.com/watch?v=o9GfDoKz6Ao There has been a fair bit of financial uncertainty of late in my life. Here are some of the things you can do to deal with financial uncertainty. 0:00 - Introduction0:58 - Business income has grown lately, but things are unstable1:39 - What can you do to live with financial uncertainty and get out of it?2:20 - #1: Do What Needs To Be Done In The Short Term4:32 - #2: Find Your Lead Indicators5:55 - #3: Look At The Long Term Of This To Reduce Overwhelm6:55 - #4: Map Out Your Worst Case Scenario8:03 - #5: Cut Your Expenses Massively8:32 - #6: Accept The Uncertainty9:48 - #7: Find Time To Do The Things That Will Deliver Long Term Financial Certainty12:16 - Financial Freedom Won't Just Happen, You Need To Make It Happen Recommended Videos: The Best Business Advice I Received That I Didn't Take Financially Free at 28 Transcription: Ryan 0:00There's been quite a fair bit of financial uncertainty in my life as of late everything from you know, a separation last year to moving into state to fluctuating business finances has kind of led my life into a very financial unstable point. And so that's obviously had a lot of stress attached to it. But I'm working through that I'm creating certainty in my life. And so in this episode, I want to talk about some of the things that you can do if you're living with financial uncertainty. So there's a lot of the stuff that I'm doing in my life at the moment. And hopefully, this can help you. Hi, I'm Ryan from OnProperty, helping you achieve financial freedom, and life doesn't always go to plan. I was previously financially free through my businesses at the age of 28, had a couple of good years there where I didn't really need to work. But I am back on the grind now, as well paying off debt, trying to grow my income again and get back to that place of financial certainty, things have been going awesome. In terms of business income, you know, had really grown got it back to a really good place, I was able to move out of my parents, which I was living out to save money, I was able to rent a place, which is really good for my kids to have that stability, I had them about half the time. And so that was really good. But the exact month when I did that was one of my best worst business months on record. So all the work that I've been doing, it's all still doing his job. But I was just like a really unfortunate month, so led to some significant financial instability in my life, which is kind of caused me to this point where I can share this video today. So what can you do to live with a financial instability, uncertainty in your life? So a lot of this is designed either to a like, except to your uncertainty and be okay with that, be try and work out how to, like manage that and stay solvent and say, you know, stay afloat during that period as well as Okay, how can we get out of that financial uncertainty into a place of certainty. And I'm sure we're looking back on this video in the future, recognizing that I was at this point, and hopefully won't be at this point in the future. So you get to follow along with that. And say that that is good, that is bad as you go on this journey. So the first thing is basically do what needs to be done in the short term. So for me, with the separation and with business changes, that happened last year, I ended up being in debt debt that I need to pay off. Now, I was doing well paying that off, obviously, having that bad month makes it harder. And so for me, doing what you need to in the short term, to just guaranteed that stability is something that I think is really important. So for me, that means at the moment, looking for other jobs. So everything from potentially doing, you know, some morning work at a cafe that I absolutely love to full time work in a marketing agency just to get that extra income coming in, I'm very lucky and that I have quite a passive business that if I was to leave my business and go into full time work, then my business would still earn a good amount of money, it wouldn't be growing will probably be going slightly backwards. But I could earn two incomes for some time in order to pay off my debt and to just have that certainty around my life and provide that for my kids. So doing what you need to do short term, obviously working, I'll continue to work in the business. So working a full time job and then doing this business in my spare time, you know will be will be hard, and will be I guess long term and sustainable. But then I can decide at that point, what I want to do in the future. So getting a job will help me to pay off my debt faster. There's also I see it as a really exciting opportunity because my business is mostly passive. So I'm showing you for me to earn extra income, pay off my debt, start saving potentially for a house deposit or something like that, or just bu

https://www.youtube.com/watch?v=SL8UOSLI6Ho In the past it used to be that short-term rentals were for people who own vacation homes and wanted to make a little bit of extra money from owning them. But now with the introduction and the growth of places like Airbnb there's potential that you could make more rental income per year renting your property out short term then you could renting your property out to a long-term tenant. Today's episode is made in partnership with Made Comfy who offer professional Airbnb management services. A Growing Trend I've had a lot of people in my life starting to do this, I've got friends who are now renting out their properties through Airbnb. I know people who rent out extra rooms through Airbnb. I've got friends of my dads who live in Sydney and they purchased a property in Tasmania that was a dual income property. They're renting out both sides of the property through Airbnb and using a property manager and I think they were getting upwards of around 13% rental yield for that property. It has been so successful they were considering selling their Sydney property and buying a couple more properties in Tasmania to replicate the same strategy and become financially free. Short-term rentals may be a new way to make a property positive cash flow In this article I want to explore some of the pros and cons and considerations that you need to have if you're considering a short-term rental for your property. Do Short Terms Rentals Make More Money Than Long Term Rentals? The first thing we need to consider is the money and whether or not you can actually make more money through short-term rentals than long. I feel like if you can't make more money then it's going to be a lot more hassle for less money and that doesn't seem worth it. If we have a look at the average monthly returns based on a two-bedroom apartment in Darlinghurst you can see that for long-term rental you're looking at around $3,500 per month. Self-managed Airbnb a bit higher and then using a professional property management service like Made Comfy that could even go upwards of $5,900 There clearly is the opportunity to make more money and it's not just Made Comfy that are talking about this either. This article at The Courier Mail talking about Airbnb listings generating much more than pocket money. There's this article on Property Update talking about the Airbnb phenomenon and short term rentals then you've got this article talking about the most profitable Airbnb locations. Then we've got a forum post where people are talking about Airbnb and saying that "on average the returns are higher than a normal rental." It definitely seems like there's potential to make more money through short term rentals. Short Term Rental Case Studies Let's have a look at some case studies here from Made Comfy's site Collingwood, MEL For the Collingwood one you can see that they actually boosted their rental income by moving to a short term rental. They get a 40% higher net return than a long-term rentals. That word NET RETURN is actually really important because gross return is how much total income that you're bringing in and net return is actually your return after expenses. So 40% higher net return, not just a 40% higher gross return. One of the I guess cons of short-term rentals is that they are more expensive to manage, you need to furnish them as well and you need to clean them so there's a lot more management and maintenance required that cost more money. Pyrmont, SYD If we look at the one in Pyrmont in Sydney, we can see a 73% higher net return. Bondi, SYD If we look at the one in Bondi that's 32% higher West Melbourne, MEL If we look at the one in where was this West Melbourne 55% higher Manly, SYD Lastly let's look at the one in Manly that was 46% higher. These examples aren't 3% higher, 2% higher or 1% higher. These are actually significant boosts in the rental income If you're looking at weekly rent the Manly example might have got $990/week just renting out their property long term. But short-term they're getting over $1,400 weekly rent in terms of Airbnb. That's a huge boost (like massive) and that could potentially turn a property from a negatively geared property that's just eating away at your cash flow to a positively geared property. It's potentially possible that you could buy properties in Sydney, in Melbourne or in Brisbane and use this short-term strategy to actually get a positive cash flow return from your properties. This would allow you to pay off your mortgage faster and achieve financial freedom faster. You can see why I'm so excited to talk about this The Pros and Cons of Short-Term Rentals Let's have a look at some of the pros and cons of short versus long term rental because it's not like "Let's rent out our property short-term and

https://www.youtube.com/watch?v=xQhvZ3MulwA Here is some of the best business advice I received that I didn't take. I now see how valuable that advice was and it's now something I am implementing in my life and my business. 0:00 - Introduction0:30 - The Story Behind This Advice0:56 - "When the money is good, take it for what it's worth because the opportunities won't always be there"1:28 - When should I have taken that advice and why didn't I take it?3:46 - How I am implementing this advice moving forward5:13 - So many people don't take advantage of the opportunities in their life5:50 - How Ben Everingham has taken this advice to grow his net worth6:30 - I will take this advice moving forward BOOK A FREE PROPERTY STRATEGY SESSION HOW TO INVEST IN PROPERTY COURSES AND RESOURCES DISCLAIMER No Legal, Financial & Taxation Advice The Listener acknowledges and agrees that: • Any information provided by us is provided as general information and for general information purposes only; • We have not taken the Listeners’ personal and financial circumstances into account when providing information; • We must not and have not provided legal, financial or taxation advice to the Listener; • The information provided must be verified by the Listener prior to the Listener acting or relying on the information by an independent professional advisor including a legal, financial, taxation advisor and the Listener’s accountant; • The information may not be suitable or applicable to the Listener’s individual circumstances; • We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and we are not authorised to provide financial services to the Listener, and we have not provided financial services to the Listener. Transcription: Ryan 0:00today i want to get a bit real with you and talk about some of the best business advice i received that i didn't take that i now see how valuable that advice was and how right this person was and something that i'm now implementing in my life and in my business moving forward and is not just applies to business but it can apply to your personal life as well even if you're in a job so hey i'm ryan from onproperty helping you achieve financial freedom and this extremely valuable piece of advice was given to me by a business owner i used to be a pharmaceutical rep and he owned one of the pharmacies he was a young gun he was in his mid 20s i think super successful and i was leaving pharmaceutical industry to start my full time business and i asked him what advice he had he says i have this one piece of advice and he said to me when the money is good and when things are going good milk it for all it's worth and go after that completely because it won't always be that way and the money and the opportunities won't always be around so i remember hearing that advice i remember it really stuck with me but i didn't i didn't listen to it like i didn't do it and so it was something that when he said it i'm like that's really interesting i'm going to take note of that i think that's really fascinating but then when it came time for me to actually take that advice i didn't take it so when should i have taken that advice was about three years ago i was 28 and my business was doing really well i was financially free through my business i had been creating lots of content for years i think i had about three or four years working my business to get it to that point and i was basically financially free through my businesses on low six figures and so things are going well but i got really disheartened i got really depressed at the time because i'm like okay i achieved my goals of financial freedom i'm not happy why am i not happy what is the point of this and so i then went on a self discovery journey over the next couple of years being financially free going okay how do i actually live a happy life whilst being financially free and so what that did was that took me away from my businesses at the time so i had a couple of businesses that were doing really well the markets for those were doing really well there wasn't much competition either and so there was a huge opportunity to double down on that sort of stuff i had lots of extra cash flow in my life as well to reinvest in the businesses without taking on any debt as well and so things are just going well and at that time i should have and could have doubled down on it now looking back you can never say okay i totally regret that decision because i was in a place where i was depressed i struggled with eating disorders in the past so in terms of being mentally healthy is obviously something that is incredibly important to me moving forward and now living a life where i have stressors and i have money stressors that i wouldn't have had if i hadn't taken this business advi

https://www.youtube.com/watch?v=hDIomBqFDEs The Australian property market has actually grown for the first time in 15 months! Since way back in March of 2018. Let's take a deep dive into the data and why this is happening in this August property market update. Suburb Research Course Book a Free Property Strategy Session Core Logic August Market Update Video 0:00 - Introduction0:35 - This trend has been coming since December 20181:04 - This is led by the major capital cities growing1:42 - Why is this happening?2:47 - Monthly sales seems to be finding it's floor3:44 - Sydney market update5:46 - Melbourne market update7:39 - Brisbane market update10:05 - Adelaide market update10:55 - Perth market update12:44 - Hobart market update14:00 - Darwin market update15:27 - Canberra market update16:00 - Will this growth be sustainable?17:33 - Things holding us back from a massive boom Recommended Videos: Is Brisbane Cheaper Now Than It Was 10 Years Ago? Why I Wouldn't Just Chase Capital Growth In The Current Market July 2019 Australian Property Market Update Transcription: Ryan 0:00the australian property market has actually grown for the first time in 15 months since way back in march of 2018 so in today's monthly update we're going to look at these figures talk about why the market is growing and try and look at the data and see if we can see any trends about what's going to happen in the future hey i'm ryan from onproperty helping you achieve financial freedom and every month we sit down and we look at the australian property data see where things are at and what's happening and if we look at this monthly trend we can see that all the way back since december back in 2018 so over six months ago now we started to see this trend where the market was still declining but it was declining less and less every single month and i said back when i started doing these updates we're going to watch this because if this continues eventually it's going to go into the positive and that's exactly what has happened this has led primarily by sydney and melbourne both drying obviously being the biggest capital cities with the most volume we can see they're both grown by about 0.2% we can say brisbane the third biggest capital city also had its first month of growth as well since declining i think it started declining back in november of 2018 so seeing rises there also rise in hobart and a strange out of character rise in darwin as well of 0.4% so five of the capital cities growing there over the month so there's a whole bunch of factors as to why this is happening and it's not just one thing so we've got the lowering of interest rates so the rba cut interest rates two basis points or by 0.5% these are the lowest interest rates we've had in history so obviously lower interest rates means people can borrow money at cheaper prices and makes housing more affordable you've got easier lending as well with abra releasing some of the criteria that banks need to look at in terms of lending they used to assess people i think it was on seven or 7.25% and now the banks have some flexibility with that many people who couldn't previously get loans may now be eligible for loans as well there's improved sentiment in the market there's been tax cuts and looking at the stock market as well there's not significant amounts of stock flooding to the market making it a buyers market so people listing there's been less listings which means there's less options there so they improve sentiment with the less options obviously helps push the prices up for that we can see here that the monthly sales with a six month moving average has started to find a floor here and actually move upward so back in the last two housing downturns we can see around here the monthly sales figures we can see we dip just below that but it looks like we're trending upward so this will be something that we need to watch and this is actually a really interesting data point that i wish i knew more about imagine back in july of 2013 you started seeing these figures and how many sales were moving up and you can see obviously 2015 2016 into 2017 was when we had that big boom in melbourne and sydney and then things started to slide off down a cliff so this could be a really good early indicator of where the market is going as a whole and so as you see this start to trend up that can be a positive sign by the looks of it let's jump in now and look at the different capital cities so sydney now saw its second month of growth and is up 0.2% since the bottom of the market they talked about in this video that units had less declined than houses and have actually grown more than houses but they also say that this may actually be because the unit stock was actually sold quite a while ago when the market was higher and is now just settling that these are inflated prices and coul

https://www.youtube.com/watch?v=eaL7u50Mcw4 Now is a very exciting time in the Australian property market with Australia showing it's first month of growth in nearly 2 years. But I personally wouldn't just be chasing capital growth in this market, here's 7 reasons why. Book a Free Property Strategy Session 0:00 - Introduction0:31 - #1: Mid Cycle vs End Cycle Slow Downs2:15 - #2: Looks Like We Are Heading For A Global Recession3:14 - #3: Interest Rates Are At All Time Lows4:09 - #4: Sydney Only Dropped ~15%, Melbourne Only Dropped ~10%5:37 - #5: Not All Areas Are Growing in Value6:33 - #6: Wage Growth Isn't That Strong7:08 - #7: We Are In Turbulent Times What I Would Do In The Current Market 8:22 - #1: Seek To Minimise Risk With My Investments9:05 - #2: Get Myself In A Good Cash Flow Position10:03 - #3: Purchase Assets That Are Increasing in Natural Desirability11:30 - #4: Have a Back Up Plan12:08 - #5: Properties Where You Can Manufacture Growth Transcription: Ryan 0:00Now is a very exciting time in the Australian property market with the market as a whole. On the rise again, I'm just looking at some data here from corelogic, showing with high growth in Sydney, Melbourne, Brisbane, Hobart and even Darwin over the last month, but I still don't think this is a time to just be chasing capital growth above everything else. So in this episode, I want to talk about seven reasons why you shouldn't just chase capital growth in 2019 and 2020. The first reason is mid cycle versus end cycle slowdowns, or recessions. Now, the last recession or global recession that happened was in 2008, the last Australian recession was something like 27 or 28 years ago, it's absolutely ridiculous, and how long we've actually staved off a technical recession. But it does look like we're heading into a time of economic contraction. In Australia where things aren't growing as quickly as they were during boom time. It's unclear as to whether this is a mid cycle slowdown, like Ben Everingham talks about and Phil Anderson talks about, which is a little bit of a slowdown before we have more growth, and leading into an end cycle, which is a much larger style, depression or recession. So it's unsure at the moment, if we're heading towards a mid cycle slowdown or an end cycle slowdown. And those will affect the market very differently. And what governments do to combat those will affect things differently as well. And so one of these things that I'll talk about just kind of lead to the turbulent times in the market, unclear as to whether we're going to have boom times ahead, looking back at Sydney at 2015 2016. Right before it had that massive run up, you could kind of see that, okay, yeah, this ramp is going to happen. And it's just a matter of how long this is going to last. Whereas at the moment, heading into a mid cycle slowdown or an end cycle slowdown, it's unsure which of those we're heading into, but it definitely looks like turbulent times ahead. It doesn't look like boom times ahead. And now that may change, and the economy may flip on a dime and move into boom times again. But at the moment, it doesn't look like that's happening. The second reason is that does also look like we're heading for a global recession. Now the last global recession was 2008. And what's happened is that the yield curve has inverted. I'm not going to get into the technicalities of this. But this has been an indicator that a recession is coming and has always happened before a recession in the last 50 years. Now there was I think one or two times that happened and we didn't have a recession. But we did have a slowdown. But the longer this yield curve is inverted, and it has been inverted for some time, the higher the chance of a recession in America. And so America obviously is going to lead the charge. And if they end up in a recession, it's highly likely to cause a global recession. So it is looking like we're going to head into a global recession. Again, it's very unclear how this is going to affect the Australian property market and the Australian economy as a whole. So turbulent times there. The third reason is interest rates are at all time lows. Now what this means in terms of global recession is there's less room to move in terms of lowering interest rates to help stimulate the economy unless we go into negative interest rate territory, which it looks like we might in the near future. But it also means that if you're investing just for capital growth, because interest rates are an all time long, people are getting interest rates around 3%. At the moment, if interest rates were to go up, and you're just investing for capital growth, what happens if interest rates go up, and you're already negatively geared as they move up, that's just gonna put more and more cash flow pressure on you, w