On Property Podcast

https://www.youtube.com/watch?v=RVvILa_MZoQ A big concern with people looking to invest in granny flats is who is actually going to rent a granny flat? Well we are finding that a lot of high quality tenants want to rent granny flats. Learn More About Granny Flats 0:00 - Introduction0:48 - Making the distinction between new build and old school granny flats2:32 - There is a broad spectrum of people who rent granny flats4:17 - If priced correctly we get a lot of people through the granny flats5:45 - You need to make sure there is the demand for granny flats in your area Recommended Videos: Granny Flat Walkthrough Transcription: Ryan 0:00a big concern with people looking to invest in granny flats is who is actually going to rent a granny flat am i going to have someone in my backyard who is on the dole who is a derelict person who's not going to take care of that property who was just an extremely undesirable tenant or am i actually going to get good tenants for this property that's what we're going to be talking about in today's episode hi i'm ryan from onproperty helping you achieve financial freedom and if you haven't heard a lot about granny flats or haven't seen one of my walkthroughs of the granny flats i'll link up to it down below if you haven't or if you haven't been to a new build granny flat yourself you might find yourself asking who on earth is going to rent this who is going to rent a granny flat and live out the back of someone's house now it's important to make the distinction here between a new build granny flat and a very old school style granny flat so old school might be that cockroach infested granny flat that is in the backyard of someone's house but it's pretty worn down probably full as as best as as well and actually shares the yard with the front house and might even share some amenities like a laundry with the front house or something like that something that someone built on the cheap to actually has their legitimate grandma because she needed to move on the property with them granny flats have come a long way since then what i'm talking about is a new build probably generally around 55 square meters generally speaking a two bedroom granny flat is what we build most of our clients build most of on their properties two bedroom 55 square meters with a deck and now this property also has a fence between it and the house it has its own private access it has its own private little courtyard or yard space as well and is also a completely separate tenancy from the front house so you're looking at separate water separate electricity separate tenancy agreements for the property so i just want to make the distinction there between the old cockroach infested granny flat and the new style new build granny flats which are really i guess more akin to a two bedroom unit or a smaller two bedroom unit with a deck so the deck is effectively the balcony of the two bedroom unit and then you've got a yard as well so it's kind of a two bedroom unit with a yard so when looking at okay who is actually going to rent these i just want to have that distinction in mind so who is going to rent the granny flats now there is actually a broad spectrum of people that rent these granny flats not everybody wants to live in a big house not everybody wants to have the maintenance of a yard people do want to live in a nice smaller new build desirable housing so grandpa's don't only because they're on the cheaper end of the market it's normal to think okay there's only appear to lower socio demographic people but that is really not the case you have single people who likely be in these granny flats you have couples who might be saving for their first property or who just don't want to spend too much on rent or who aren't going to be home as much you have flying fly out workers you have older people or people who have been through marriage bust ups where it might just be one of them looking to rent a property so my father in law actually rents a granny flat in sydney and he would be an amazing tenant to have not only is he financially stable but he is a carpenter and a handyman as well so not only can he help fix the problems that happen on the granny flat but i think he actually rents from an older lady who owns the front house so he can help her out as well so he's like the perfect tenant from a grant for a granny flat just this sweet you know he's not even that old but he's just a sweet kind of man in a good financial position but he lives by himself so he doesn't need something grand he doesn't need a big four bedroom house or anything like that so providing this affordable housing and remember these granny flats or new build as well so the quality of these is really high so they tend to attract attract a lot of quality tenants as well so in the brisbane market which is

https://www.youtube.com/watch?v=EA0hbw7TdxA When it comes to growing your wealth significantly you need to change as a person in order to do that. You need new ideas, new belief systems and new ways of doing things if you want to move from middle class to truely wealthy. 0:00 - Introduction 0:55 - Rich people see the world in a different way 2:00 - 10 Years ago I changed my mindset and it led to me achieving financial freedom at 28 4:17 - Moving from middle class to becoming rich 6:17 - You need to inject new ideas into your life 8:09 - How to challenge yourself with new beliefs 11:50 - Learning to earn mid-high 6 figures Recommended Videos: It's Ok To Make Financial Mistakes Transcription: Ryan 0:00comes to growing your wealth significantly. You need to change as a person in order to do that there is wealth creation and growing your wealth really slowly and incrementally just by doing the basics, which is spending less than you earn, saving what you can and then investing and obviously that can build and compound over time. But if you look at the most successful and richest people, did they get rich by doing that by just working an average job saving a little bit each and every month? And then going ahead and investing that and growing it? The answer to that question is generally speaking, no, is that the most wealthy people are doing something completely different to us and looking at things in a completely different way to us. I'm currently reading the book fake by Robert Kiyosaki. And in that book, he talks about how he'll go to seminars and talk about the way he invest in real estate with no money down or the types of deals that he does. And he says, inevitably, people always say to me, you can't do that here, or I can't do that here, for whatever reason. And then he answers back to them that they may not be able to do it here. But he can. So Robert Kiyosaki sees the world in a different way, and is just way more expansive around money than a lot of us more experienced, and can do deals that makes him millions of dollars, without costing him millions in a way that I couldn't even fathom at this point in time. So there's multiple ways to get wealthy. Obviously, there's the basics of less than less than we earn, let's pay off our debt, let's accumulate assets. But then there's this next layer on top of that is, actually let's jump from poor, to middle class to wealthy. And to jump from I think middle class to wealthy just requires a massive change in mindset, and massive change in the way that you see money. I remember 10 years ago, I spent probably one or two months reading through almost every single Robert Kiyosaki book, just because I wanted to change the way that I saw money, and changed the way that I looked at things. And so I read and consumed these books every day for a couple of months, and just started to rewire my brain, looking at money, and looking at generating passive income, and focusing on that over building assets or the other things that people were focusing on, especially in the property investing space, at that point in time. And I just remember going through a massive transformation 10 years ago, when I was reading these books, and the way that I saw the world, and the way that I saw money changed dramatically. And then what happened over the next seven or eight years, is that I worked in a job at one point, but I built up a business on the side that generated me passive income, I saw an opportunity where if I created websites and wrote articles that they could rank, and they could get traffic and make money for years. So I've got a website that I made probably seven or eight years ago, that I haven't touched in seven or eight years, that makes me $100 per month. And it's passive, it's worth that I did all those years ago, that is now making me passive income. And so because of that change in mindset and change of what I was focusing on, it changed the work that I did, and then change the outcome to get me to the point where I was financially free at 28. And had a couple of years where my business there was earning enough money that I didn't really need to work. And now I no longer in that position with online space, things change, business went backwards. So I've got to work in order to grow my income. Again, I serve a lot of passive income coming in, but not enough to fund my lifestyle. And I've now got some debt that I need to pay off as well. So, but that changed 10 years ago, had a massive impact on a decade of my life, and got me to a point at 28 that most people don't reach until they're 65 or 67. And so it was really cool to see where I got to and the type of business I created because I got my mindset right in the beginning. And because I decided to expand my mindset. So what I'm going to do now is a segment that I'm going to call money study, where we're

https://www.youtube.com/watch?v=9tKUA4Cu__o Today I want to show you through a property that has done a minor renovation to show you the impact this can make. This property also has granny flat potential. Book a free property strategy session 0:00 - Introduction 0:33 - Staging a property for sale 1:45 - Previously rented for $350/week, but now likely to rent for $400/week 3:27 - Working out if you can fit a granny flat Recommended Video: Renovator Purchase $39,000 Under Land Value Transcription:

https://www.youtube.com/watch?v=u8BOGjajFRA Do granny flats add value to a property? Investors have been talking about granny flats adding absolutely no capital growth value to a property, and the data shows that this just isn't the case. 0:00 - Introduction 0:53 - Misconceptions around granny flats adding value 1:28 - We are finding granny flats add value up to the build cost 2:30 - Evidence is there that granny flats do add value 3:26 - Granny flats don't seem to add instant equity Recommended Videos: Granny Flat Walk Through Newly Completed Granny Flat Transcription: a big conversation point recently and something that's come up with a bunch of clients is do granny flat add value to a property if you're going to be spending 120 130 140 thousand dollars to build a two-bedroom granny flat out the back of the property is that actually going to add any value to the property or does it add no value at all that's what we're gonna cover in today's episode hey i'm ryan from on-property helping you achieve financial freedom and we obviously talked a lot about granny flats in the two properties to financial freedom strategy can be a great way to get an extra income on a property you already own and to get a great positive cash flow as well for the build costs given that we're seeing rental yields of about twelve thirteen even fourteen percent on these granny flats when compared to the cost of the build but do granny flats add any value so the misconception that I'm seeing with people at the moment is they're expecting that granny flats add 0 value to your property at all so you're out laying $120,000 let's say you purchased a home for $400,000 a 3-bedroom home from 400,000 you then add a granny flat in the backyard for 120,000 people are assuming that okay my total cost or total import is five hundred twenty thousand buy my property is only worth four hundred thousand so they're expecting that the granny flat and the cost of the build is adding nothing in value to the property but that is not what we're finding at all and from anecdotal evidence from clients and from people who have built granny flats in Sydney as well as valuations that have been done on granny flats up here in South East Queensland the more common story that we're seeing is that granny flats tend to add value up to the build costs so for that 400,000 example which is obviously just a hypothetical example if we then add in a granny flat for one hundred and twenty bringing our total cost up to five hundred and twenty thousand what we find is that the valuations the bank valuations will actually come up to that five hundred and twenty thousand as well and then the market obviously responds to that product really well when selling because you've got that extra income stream for the property you can sell the property to and in so been the buyer's agent here from pumped on property recently sold a property with a granny flat and God I think it was over $50,000 more than he expected for the property and sold the property with the granny flat on it so granny parts obviously stay on one title but the evidence really isn't there to say that granny flats don't add any value to your property that you're spending money on this build and you're getting no value in return so part of the reason we love granny flats so much is that they do offer value up to the build cost so you're spending one hundred and twenty thousand you effectively adding one hundred and twenty thousand dollars in value or it's just canceling itself out there and that way any positive cash flow you get on top of that is cream for you and obviously if you can pay that down over time you've now got a more valuable asset and you've been able to pay it off quicker because you've got that extra income from a granny flat so do granny flats add value from the evidence that we can see in the market from sales of Ben's property as well as clients properties as well as valuations of properties in Sydney that have granny flats and things like that the evidence shows that granny flats do add value what granny flats don't seem to be good for is manufacturing value or adding instant equity to a property so when we talk about doing renovations we might talk about doing a cosmetic renovation that cost ten thousand dollars but it's going to add forty thousand dollars to your property a lot of people like this instant equity situation because that then allows you to borrow more money from the bank to go ahead and invest again or it lowers your risk because it lowers your loan-to-value ratio so what we haven't found with granny flats is that there a way to add instant equity to a property so the valuations don't tend to come in at more than what the granny flat costs so I guess it's been a communication error from myself in saying that granny fla

https://www.youtube.com/watch?v=L8fCkR1L_7M In society we are taught that making financial mistakes is stupid and if you make financial mistakes you must be dumb, but this is completely untrue. It's ok to make financial mistakes and financial mistakes are some of the best ways to learn and grow your wealth. 0:00 - Introduction 0:22 - Robert Kiyosaki lost $100,000 of his dad's money 2:31 - We are taught that finances are logical 3:23 - We aren't taught about money in school 4:30 - We shy away from talking about our financial mistakes, but they can be our best opportunities for learning 5:50 - It's ok to make financial mistakes 6:40 - Don't make yourself feel stupid for your financial mistakes 8:00 - If you're not making mistakes are you pushing yourself hard enough? 8:30 - One of my biggest financial mistakes and what I learned 10:36 - The emotions of mistakes accelerate our learning 12:20 - Realise mistakes WILL happen, it doesn't make you stupid Fake by Robert Kiyosaki Recommended Videos: I Lost Thousands in Cryptocurrency Transcription: in society were taught that making financial mistakes is stupid and if you make financial mistakes well you must be done but that is completely untrue in this episode I want to talk about why it's okay to make financial mistakes and why financial mistakes can be a big part of your learning journey towards growing your wealth I've recently been reading the book fake by Robert Kiyosaki and in that book he shares something that he hasn't shared in any of his other books and I've read almost every single Robert Kiyosaki book that has been published and he talks about back in the day when he started his nylon velcro wallet business he was having a lot of trouble with that business basically he was going out of business and he went to his rich dad to ask for money his rich dad wouldn't give him the money so he went to his poor dad and his poor dad loaned him a hundred thousand dollars he then took that hundred thousand dollars to his CFO or chief financial officer at the company and said will this money fix our problem and the chief financial officer said yes it will and Robert then goes on to say that I think it was a week later the chief financial officer left the company and took the hundred thousand with him so the hundred thousand was used to pay back the debt that the financial officer had put into the company and then Robert was left a hundred thousand dollars in debt to his father and was in a situation where he didn't want to declare bankruptcy because that was a loan against his father's house so if he was to declare bankruptcy then his father would lose the house and it took him ten years he said to pay off that hundred thousand dollars so Robert Kiyosaki author of Rich Dad Poor Dad has made some significant mistakes in his life significant financial mistakes and he goes on to say that that was not the biggest financial mistake that he has made either and that financial mistakes are a massive part of learning I've just come back from the Sunshine Coast filming a lot of educational content up there with Ben Everingham from pumped on property staff looking at property stuff talking about the hard stuff that's going on in our lives as well as some more personal videos that I did by myself talking about my financial mistakes talking about the advice that I didn't take and the mistakes that I made and I've come to realize that we are taught in society that if you make these mistakes you must be stupid because obviously finances are so simple and so logical if that was actually true everybody would be rich it was actually true that it was really easy finances were really easy then everyone would be rich maybe this has come about in society because we often just look at finances as something that is purely logical and we as humans are emotional creatures and we act emotionally and so I guess maybe it's perceived that if you've made financial mistakes you haven't adhered to obvious logic and you've acted emotionally and done something emotionally that wasn't in your best interest long-term and sure I guess that can be part of it and some financial mistakes definitely come out of emotion but there's also financial mistakes that come out of just a lack of knowledge of how finances work and how things work we're not taught about money in school your teachers don't teach you about money the lessons that you get about money tend to come from your family and whether or not you're family a good money managers and live at the wealth level that you want to live that you don't get to choose that you don't get to choose the family that you are born into and you don't get to choose the money lessons that you get from them so from life for me and myself and the financial mistakes that I've made there's definitely an element of emot

https://www.youtube.com/watch?v=v1AWRNdhnBI The Australian property market is a very interesting space. What is currently happening on the ground in the Brisbane market. What do things feels like, what kind of deals are we seeing and what is the sentiment like? Book a Free Property Strategy Session 0:00 - Introduction 1:12 - What has been happening in Brisbane lately 2:49 - What pockets of Brisbane are doing well? 3:56 - Has there been a change since the election? 6:24 - How days on market and average vendor discount has been changing 7:46 - It is VERY suburb situational 8:52 - Brisbane doesn't feel like it's about to skyrocket 9:52 - Are really good discounts still available? 11:43 - More sophisticated investors are coming into the market 12:43 - Looking at some indicators and predictions for Brisbane 16:30 - Make sure you do your own research 17:10 - Some beachside suburbs are 15-30c on the dollar compared to beachside suburbs in Sydney Transcription the Australian property market is in a very interesting space where we've started to see some growth in capital cities lending has eased up it's a really exciting time at the moment and I often do reviews of how Australia is going but what I wanted to do today is actually look at how is the Brisbane market going talking to Ben Everingham who's the owner and a buyer's agent here over at pumped on property who helps people invest in the Brisbane property market so to talk about on the ground what things feel like how things are going because we can look at high-level statistics and averages for Brisbane as a whole but let's get more granular today and look at ok what's happening on the ground in the Brisbane market what kind of deals are we seeing what's the sentiment like and that sort of stuff so really excited to have this conversation today I love this stuff man this lets me get my cake on plenty then sprang out today yeah so Ben is an absolute stats nerd and loves working at that sort of stuff but also has himself and the team on the road talking to agents every single week inspecting multiple properties every single week purchasing multiple month for clients as well so really knows the prism market inside and out so what has been happening in Brisbane lately I guess leading up to the election and these changes and then now since RBA dropping interest rates lending getting a bit easier liberal obviously getting in how has that sort of change things so embracement at the moment we've made we've noticed a bit of a turn in sentiment it's nothing to go you know to the races we've tied thing it's nothing crazy but it is definitely a bit of a turn and as you said it's a result of Oprah relaxing lending policy and the big banks rolling that out it's a result of cheaper money it's a result of some helicopter stuff that's going on at a high level at the moment and it's just a confidence I suppose because for the first time in a year and a half or two years Sydney and Melbourne prices didn't decline this month you know at the same rate that they had been so it's kind of just slowly slowly people I think of realising that maybe some of the worst is behind us for at least this little pocket of the cycle so it's been really interesting looking at the Australian market so Brisbane didn't have the same run-up that Sydney and Mel been had but Brisbane has I guess been declining for the last few months and we're seeing that across Brisbane as a whole or their pockets where that's not the case or pockets where it's worse yeah so that's really good point because as we know there's no one market there's pockets and then suburbs within those pockets and straits but Brisbane as a whole is declined by to 2.9 percent in the last 12 months according to court logic but Brisbane is also cheaper to buy than it was in 2008 according to court logic right now like this think about that it's cheaper than it was before the last GFC but over the last 50 years it's done an average of 9.

https://www.youtube.com/watch?v=QIBa44ZHqco A lot of people talk about 10 properties in 10 years but how many properties do you actually need to be financially free? Resources Mentioned: 0-130 Properties in 3.5 Years by Steve McKnight Property Tools 2 Properties To Financial Freedom Recommended Videos: How To Own Multiple Properties Transcriptions: a lot of people talk about 10 properties in 10 years or obviously they're Steve McKnight's famous book of 0 to 130 properties in three and a half years but how many properties do you actually need to be financially free do you need 10 do you need a hundred and thirty that's all we're going to talk about in today's episode hey i'm ryan from on-property helping you achieve financial freedom and really excited to get down to the nuts and bolts of this topic to help you assess how many properties you actually need to be financially free because there's a lot of different things that changes how many properties you're going to need your investment strategy what the rental yield of that property is going to be as well as what income level you want to achieve in order to consider yourself financially free I like to think of two different income levels when it comes to financial freedom baseline financial freedom and that's the financial freedom where look I can get by I can live a pretty good pretty happy life but I don't have those little extra luxuries in life I don't have a lot of extra money to travel overseas every single year etc so you got baseline financial freedom we can just live a normal everyday life don't get your coffee once a day twice a day three times a day four times who's judging alright no one's judging you yeah you can live kind of a normal life on that baseline financial freedom so there's a few ways that you can look at this and a few ways you can calculate how many properties you need to be financially free and they're going to explain why Steve McKnight needed 130 properties and why you might only need two properties so 132 - they're obviously very different so let's get into it I think one of the best ways to understand okay how many properties do I need as a baseline to start with is to actually estimate owning properties without a mortgage so let's pretend you're investing today you're purchasing properties you're going to go principal and interest hopefully they're positive cash flow but over time you're going to pay those properties off and eventually you'll own those properties outright so how many properties would you need to know own outright in order to be financially free now depending on how much you want to be earning and depending on the rental yield other properties is going to depend on how many properties you need so let me get my phone out and do some calculations here so let's say we're gonna need a hundred thousand dollars in passive income in today's money now when we're looking at the rental income of a property they're still going to be some expenses in there okay we've got insurances council rates property manager fees etc so generally you'd want to calculate about twenty to thirty percent of that income for those expenses so a hundred thousand dollars let's say we're calculating twenty percent that's actually only eighty percent of the total rental income that we need so we need a bit more than that so that when we take out our twenty percent we're left with a hundred thousand that we can live off so to do that calculation we do a hundred thousand divided by eighty that gives us the total value of one percent and then times by 100 so that means we need one hundred and twenty five thousand dollars per year in rental income in order to achieve that hundred thousand dollars a year now let's go ahead and divide that by 52 because there's 52 weeks in a year that's going to give us a total amount of two thousand four hundred and three dollars and 85 cents so let's call that let's just call it two thousand four hundred dollars in order to make things easier now if we're investing in property let's just say single income properties up here in North Brisbane you could purchase a property around three hundred eighty four hundred thousand that might rent for four hundred dollars per week so two thousand four hundred divided by 400 that means we're going to go ahead and we'll need six properties in order to achieve our income goal now remember that six properties completely paid off owned outright now let's say we do the two properties to financial freedom strategy and we get that four hundred dollars rent but we also go ahead and build a granny flat on that property so actually getting to comes from the properties and our rent jumps from about 400 a week to about 710 so getting about 310 dollars for the gra

https://www.youtube.com/watch?v=gpMu925UWAQ Is Australia primed for a season of growth in the Australian property market? Both Sydney and Melbourne had growth in the month of June and there are a bunch of positive change happening that may cause the market to grow: Advanced Suburb Research Course 2 Properties to Financial Freedom Strategy 0:00 - Is the Australian property market primed for growth?0:55 - Australia as a whole declined by 0.2% in the month of June2:31 - A lot of positive changes have happened over the last couple of months3:59 - Monthly sales volume may have found a flaw4:34 - Auction clearance rates are trending upwards5:00 - Some key resources I have looked at over the month6:52 - Steve Keen's thoughts on the Australian market growing in the short term10:56 - Sydney property market update13:57 - Melbourne property market update14:33 - Brisbane property market update16:12 - NSW and VIC has the highest jobs growth and lowest unemployment rates16:48 - Adelaide property market update17:41 - Perth property market update18:42 - Hobart property market update20:11 - Darwin property market update22:24 - Canberra property market update24:02 - Tight credit conditions continue to dampen the market25:02 - Australian property market update summary26:36 - Have a clear strategy for property success in this market Resources Mentioned In This Episode: My Suburb Research Course CoreLogic's National Housing Market Update | July 2019 The Australian Government Makes Investors Wealthy Over The Next 7 Years Phil Andersons Predictions For 2019, 2020 And 2021 Australia is in a Recession A Conversation With Steve Keen: Part One - The Debt Problem A Conversation With Steve Keen: Part 2 - From Central Bankers To MMT Recommended Videos: 5 Things Holding You Back From Investing in Property Australian Property Market Update - June 2019 Transcription: Ryan 0:00Hi, and welcome to my Australian property market update for July of 2019. And what I want to ask in this episode is, is Australia actually primed for a season of growth? Whether that be short term or long term growth? This is not a question that I thought I'd be asking this early in the year. Obviously, we've been seeing declines for over 18 months now. But Sydney and Melbourne actually saw some growth. And there's been a lot of changes happening in lending as well as in the government, that may be early signs that the market is primed for growth. So what we're gonna do in this episode, as we always do, is look at the data that corelogic puts out about the Australian property market, go into details in the cities and how they're going as well. And we'll also talk about some other helpful resources and helpful videos that I've watched over the month, which I'll link up down below. So looking at the nation as a whole, we can say that in the month of June, the Australian property market declined by 0.2%. Now, this was the smallest decline since back over here in March of 2018. So ever since December 2018, we've been seeing a slowing in this rate of decline, which I've been talking about. Basically, we need to see that decline needs to see it go to zero, in order to then start having positive growth and obviously, going to zero and having positive growth doesn't guarantee that that's going to continue forever. But that's a trend that we want to look for. And a trend that we are continuing to see now Sydney and Melbourne actually grew in the month of June, which is really interesting. And some other capital cities actually went backwards. And so it's interesting to see that as well. So we can see here the month a month change for the five largest capital cities. And you can see Sydney here grown by 0.1% and Melbourne growing by 0.2%. But you can also see Brisbane, Adelaide and Perth or declining in that same month. So what exactly is it that causes Sydney and Melbourne to rise when other capital cities like Brisbane, you know, it's still in the decline. So that's something that we're going to look at. so here we can see the month or month change in dwelling values for the different capital cities, we can see that Sydney and Melbourne as well as Hobart have actually increased in the month of June with Brisbane, Adelaide, Perth, Darwin in Canberra on the decrease with Darwin in Canberra, decreasing the most by 0.9%. So a lot of changes have happened over the last couple of months for us to start saying positives in Sydney and Melbourne liberal got into government, which meant the negative gearing changes that labour wanted to bring in which likely would have had a dampening effect on the market didn't come into place. We've seen a rate cut in June, we've seen another one in July, which isn't represented in this data. We've also seen some easing in the lending standards that started to come in in June as well. whereas previously, the lenders had a fixed inte

https://www.youtube.com/watch?v=ZqebNp67kxk Today I want to show you what a 45 square metre 1 bedroom granny flat looks like. Come with me and have a look at the 1 bedroom granny flat and see what 45 square metres feels like. 2 Properties to Financial Freedom Strategy 0:00 -Introduction0:50 - Off street paring and side access1:15 - Coming into the lounge room and kitchen3:17 - Bathroom tour4:00 - Bedroom tour5:24 - What about the rentability of the property Recommended Videos: 4 Incomes From 2 Properties with Dual Occupancy Transcription: Ryan 0:00today i want to show you what a 45 square meter one bedroom granny flat looks like this is actually a dual income property so this is on quite a small piece of land around 400 square meters but they were able to build jewel occupancy with a three bedroom two bath on one side and a one bedroom one bath on the other side so in this video we're going to go through the one bedroom granny flat so you can see what 45 square meters feels like and looks like to live in and who is this actually going to appeal to hi i'm ryan from onproperty helping you achieve financial freedom on the road today with ben who is up there somewhere he is filming in the other house this is actually two blocks of land next to each other that a client was able to purchase in an existing suburb and built two of the same properties just with different different facades out the front so there is parking here as you can see behind me for the one bedroom that door is actually to the three bedroom for the one bedroom property we need to come around the side here so we have a small amount of side access down here and we have our clothesline here folding that actually raised up next door and it looks like they're doing a renovation underneath there so up and coming area here where people spending money so as you come in to this 45 square meter one bedroom place you can see that the lounge room is quite small okay we have enough room here maybe for a two seater lounge the plugs are there for the tv so i guess the tv would go there you could have maybe a small floating lounge or maybe a little lounge along here there's not a great deal of room in here these are really designed for one maybe two people to live in so but nice small space you also got this nice kitchen in the in the corner over here and so but still decent space in the kitchen size for a decent size fridge you've got a dishwasher you've got a sink with a draining tray here as well bit of bench space that you could use maybe put a look you've got room here for a microwave so that you've got more bench space for preparation so overall it's not a huge kitchen but it's definitely a lot of usable bench space so people can cook and do that quite easily actually feels really cozy and really nice i love tiny houses i love watching them on youtube and so kind of feels like that sort of tiny house feel feels very homely very nice so we also we have ceiling fans in the lounge room there as well as an air conditioning unit so up here in brisbane it gets quite hot i don't know why i have my sunglasses on but it gets quite warm up here especially in the summer and so having that aircon unit is very important especially given there's not really any outside space in this one bedroom unit so we've got the front door which goes on to that little sort of walkway way as we said but that's it there's no backyard or anything the backyard is actually allocated to the other side of the property so again as i said for young professionals or for single people who don't necessarily need a yard to kick a ball in because they're not kids we then come through to the bathroom and so really nice bathroom here obviously everything in here is brand new we have the boundary we have the shower we have the toilet here and then in the corner here we have our laundry area so there's the laundry basin and then there's enough room that to put in your washing machine and so it is quite compact you know you're going to have your washing machine in next your toilet so that's obviously not ideal but given the small amount of space you've got to take every advantage that you get to take advantage of the space that you can say not the biggest of deals but there's something to think about we then come through to the master bedroom and we can see here the master bedroom is a decent size as well so enough room in here to you know fit a king bed if you really wanted to buy probably more likely a queen bed with some side tables in here and not a lot else this actually this is what's so good about new builds is how many powerpoints they put in just living in older units in sydney it's just there's no powerpoints to charge your phones and then we've got large inbuilt cupboards in here as well for all the clothes and everything that you need storage for so that&

https://www.youtube.com/watch?v=XduzJWKv_Fs Do you need a rental guarantee when investing in property? Why can a rental guarantee actually be a really bad sign and what can you do to make sure your investment property is going to be rented? 0:00 - Introduction0:38 - Always look a rental vacancy rates - https://onproperty.com.au/vacancy1:19 - Why a rental guarantee is generally a red flag2:32 - What you should do when you see a rental guarantee Transcription: Ryan 0:00here i am today in brisbane about 12 kilometres from the cbd inspecting another property with granny flat potential as you can see room in the backyard there potentially for a granny flat so this is a really interesting one with already has car accommodation off to the side for a granny flat so all you need to do is add in a path which is what we absolutely love but in today's episode i want to talk about whether or not you need rental guarantees when investing in property and why if you see a property with a rental guarantee you should actually be really wary of that property and that should raise a massive red flag with you so when investing in property a really important thing to look at is the rental vacancy rate of an area this is really easy to find if you go to onproperty com au forward slash vacancy that will actually redirect you through to sqn researchers page where you can search the vacancy rates are different postcodes so you can find out how many properties are vacant in an area you can find out what percentage of the market is vacant myself as well as the team over pumped on property like to use 2% as a benchmark so you want a vacancy rate that is going to be under 2% which indicates that an area is chronically oversupplied so obviously a lot of people get really nervous when investing in property is my property going to be rented so they want to go with something that has a rental guarantee or there's a big illuma when there is a rental guarantee but i want to talk about why this can be a fool's errand and why this can be a red flag there's two general generally two types of properties you see with a rental guarantee the first one is defense housing australia so defense housing australia obviously can offer full rental guarantee basically the government will pay for your property to be rented the downside of defense housing australia is that sometimes the rental yields may not be up to market rate and also the property manager fees can be quite high on that compared to what you would generally find in the market the second and what i consider i guess the more risky rental guarantee is when you see it on a new build property or a house and land package property so when you're seeing one of them advertised and they're saying rental guarantee of 7% rental yield or however much per week they're the ones where you really want to double check your figures massively because that can be a red flag because if someone's selling you a development project with a rental guarantee that money has to come from somewhere they're not doing it out of the goodness of their heart and generally that money comes from the sales price so it comes from you actually purchasing the property so when you see those rental guarantees what you should be doing is a looking at the vacancy rates in the area which we've already talked about but be looking at comparable properties in the area so go on to realestate.com.au and look for properties for rent in the area and try and find a property similar to what the property would be once it's been built and see what they're listed for on realestate.com.au and what they're actually renting for because what you'll often find is that the rental guarantees that are provided are significantly higher than what you would actually get at current market rate so there might be a rental guarantee for one year or two years but after which that your rental income will drop significantly to what the actual market rate is and then if there's high vacancy rates in the area it can be very difficult to find a tenant in the first place so i've seen too many people get stung by this so this is why i wanted to talk about rental guarantees and why you should be wary of them there are also stories obviously of people who have been offered a rental guarantee they thought it existed but when it came time to own the property they might have received that rental guarantee for a couple of months and then it dried up and actually pursuing that and trying to get that money back generally tends not to be worth it it's just going to cause you a lot of heartache so it's better to do your own due diligence when looking at area look at the vacancy rates of an area look at similar properties and what they're going to rent for and this area that we're looking at right now i think has a rental vacancy of 0.77% or around about that mark so this area is chron

https://www.youtube.com/watch?v=M9qPG4FDbQA Today I want to show you through a small dual occupancy property built on land just over 400 metres squared. One side is a 3 bedroom 2 bathroom home and the other side is a 1 bedroom 1 bathroom granny flat. Book a Free Property Strategy Session 0:00 - Introduction + property details1:19 - Walkthrough of the 3 bedroom side1:37 - Single car garage + laundry space2:01 - First bedroom + bathroom2:22 - Second bedroom2:47 - Master bedroom3:22 - Kitchen, dining and lounge space4:25 - Alfresco area + backyard5:33 - Walkthrough of the 1 bedroom side6:14 - Lounge and kitchen area6:46 - Bathroom6:55 - Main bedroom7:25 - Who is this property suitable for? Transcription: Ryan 0:00hi ryan here from on property and today we are going to do a walkthrough of a small jewel occupancy property so this is a property that the team on pumped on property help picked up for a client actually super interesting opportunity because the client actually got two pieces of land next door to each other in a suburb that is already established so as you can see as we look around ben's filming out there he's gonna film in the other place you can see the existing houses even next door you can see they've raised that up we're gonna do a renovation underneath there probably fill that in we've got nice houses next door so i think coming area here small blocks of land purchase for a round about the 300 and i think one was purchased for 361 was around 312 or 315,000 they got the build for around 240,000 which i think is much cheaper than what you would get at market value which i guess is one of the benefits of working with pumped on property is to have relationships with builders and so they're able to do that but all up you're looking at each property around about that $550,000 mark to get to income so this clients got four incomes from the two properties we're actually the first people here so it's just been finished she's the keys have just been handed over and so we're going to do a walkthrough so what we'll do is we'll start with the three bedroom i'll walk you through and see if we have done a full walkthrough of the other property talking about the numbers and everything but i just thought you might want to see what a dual income property looks like for people who haven't watched that video so as we walk in we walk into the single single car garage here and something about this is that they wanted to maximize space so we've got our laundry here tucked away in the garage so still able to have a laundry but it doesn't really impede on much of the rest of the house as we went through here we've got our linen press and storage and then we come through this hallway into one of the bedrooms as well as the main bathroom for the house so we've got a separate toilet as well as shower vanity and a bath in there so families obviously love having a bath in the property and so we've got that in there novak in the en suite which you'll see we then come into the second bedroom here and something that ben was saying in the previous video is when you're doing these new builds you really do want to have the bedrooms be over three by three meters squares i think this one's slightly bigger than three by three and then all these bedrooms have built ins as well so there's the first bedroom second major was still coming down the hallway towards the kitchen and the lounge area but that's when we come into our master suite here now this is nothing extravagant as we said this is a small block of land 400 square meters there are limitations on how much of the land you can actually build on that as you can see it's just quite a reasonable size main bedroom enough room for a queen size bed in there but not a lot else and then we have a walk in row as well which is very desirable and then we have a really nice own suite here with a shower vanity and the toilet there and so that's the three bedrooms then we come through to this open plan kitchen dining lounge space we have the kitchen here with you know lots of cupboard space and things like that we've got room for a decent sized double door fridge there as well we've got we've got a dishwasher you've got facing everything you need in a kitchen looking at the lounge room it's quite a compact lounge room so you can't fit there's room for you know maybe a floating couch in here with your tv over there or you could have you know two seater to save to to save couches you know i'm not the interior designer not a lot of room for a dining table in here you do have the breakfast bar so you do have the bench here where you can put stools to sit at and there is actually room for maybe a small round dining table in the corner here or maybe in the corner over there but you're not going to get a big sized family d

https://www.youtube.com/watch?v=py5RvAHu91c Welcome to my Australian property market update for June of 2019 where we dive into the housing data as well as look at the news and things that may have an effect on the property market. 2 Properties to Financial Freedom Strategy 0:00 - Introduction0:53 - Major changes that have happened4:00 - Looking globally4:46 - Potential global recession looming6:33 - Let's jump into the data. Dwelling values down 0.5% last month8:03 - Sydney is declining faster than Melbourne - -0.5% vs -0.3%8:34 - Monthly changes of the capital cities9:53 - Changes from peak of the capital cities11:00 - It's been 19 months of national decline11:43 - Transaction numbers remain lower than average12:46 - Rental growth continues to slow14:15 - Rental yields are growing significantly15:16 - Day on market are currently dropping15:57 - Monthly value or new finance commitments are trending downways16:40 - Lowest cash rate since the 1960's17:15 - Percentage of interest only loans has plummeted since 201718:02 - Sydney housing data20:22 - Melbourne housing data21:08 - Brisbane housing data23:05 - Adelaide housing data23:58 - Perth housing data25:48 - Hobart housing data27:25 - Darwin housing data28:43 - Canberra housing data29:54 - Do I think the bottom has hit? 2 Properties to Financial Freedom Strategy Martin North + John Adams YouTube Martin North's YouTube Recommended Videos: Australian Property Market Update: May 2019 2 Properties to Financial Freedom Transcription: Ryan 0:00hey you amazing humans and welcome to my australian property market update for june of 2019 where we're gonna dive into some of the data behind the australian housing market look at what's happening in the current market as well as what are some of the changes that have taken place which could affect the property market and property prices so if you're looking at investing in property or if you've already invested in property it's very important to keep your finger on the pulse and this will help you do that obviously i don't have a crystal ball i'm looking at the data just like you are not a fancy economist or anything like that but i'll look at it see what i can learn from it see what trends we'll be watching you can follow along and obviously make your own assumptions from the data this isn't financial advice but this is something that i love to do each and every month to keep on top of things so without further ado let's talk about some of the recent changes that have happened in australia which could affect the property market it's pretty rare that we have this much news and one monthly update but we did just have the federal election and obviously liberal got in or liberals stayed in labor did have some proposed changes to negative gearing for purchases of existing properties or new purchases of existing properties to basically remove the negative gearing benefits in that as well as reduce the capital gains tax discounts for investors as well so this was seen to likely have a negative impact on the australian housing market and so given that liberals got in that is now out the window and not going to happen at least for this term of government so that has definitely put confidence back into the market in terms of investors just not having that potential negative coming through liberal have also offered a new first homebuyers scheme where first homebuyers can purchase a property with just a 5% deposit but how much this is going to affect the market is pretty unclear because it is limited to just 10,000 people per year i believe and those borrowers still need to actually be able to qualify for a loan so not sure exactly whether or not this is going to have a positive impact of that definitely doesn't seem to be like a negative we've also got some changes with apa and how the banks assess people for loans so previously banks would look at people at a 7.25% interest rate i think it was and to say can you afford this loan at 7.25% now obviously there'd be very few people that actually paying 7.25% a lot of people are paying in the three percents the 4% maybe 5% but they're being assessed on this higher level so abra is now saying that they're going to change that from that fixed 7% or 7.25% to two and a half percent above the base rate so this may mean that it will give people a boost in their borrowing capacity and people who have gone to try and borrow in the past that said sorry you can't afford a loan might just scrape through and be able to borrow or i know clients who have been able to borrow but just not enough to get the property that they wanted and may be able to get a little bit more so that may mean more people are in the market there's also anecdotal evidence that the banks are starting to loosen their lending assessments or loosen how harsh they are when it comes to lending money so nothing i gue

https://www.youtube.com/watch?v=tsljqkidG9g When you're passionate about something you will take the time to learn about it which will make you a better investor. If you're not investing with passion you're wasting an incredibly valuable resource. 0:00 - Introduction0:34 - What makes you passionate when it comes to investing?1:30 - Brandon's passion for stocks vs my lack of passion for stocks3:10 - Investing in a lifetime game and passion will drive amazing results6:44 - Why passion can be more important than logic Recommended Videos: Aussie Wealth Creation Channel I Lost Thousands in Cryptocurrency

https://www.youtube.com/watch?v=GmS9UbeOBRM A buyer's agent can help you secure a better property than you could invest in on your own. But should you get a buyer's agent or are you better off saving your money and investing on your own? Free Property Strategy Session - https://onproperty.com.au/session 0:00 - Introduction 1:26 - I used to be anti-buyer's agents. Here's why I now believe buyer's agents are worth the investment 3:36 - Do you want to do it all yourself? 4:22 - Do you need someone to hold your hand and point you in the right direction? 5:44 - A buyer's agent can also act as a coach 6:26 - Can you actually afford it? 7:49 - What is their strategy and does it line up with your goals? 10:00 - Ultimately the decision is up to you Recommended Videos: What Is a Buyer's Agent? - https://www.youtube.com/watch?v=eh3ytqa1hyc

https://www.youtube.com/watch?v=Czn1AUdWNQw When investing in property, especially during turbulent times, it's really important that you look to minimise your downside risk. Here's 10 ways to reduce your risk when investing in property. 2 Properties To Financial Freedom - https://onproperty.com.au/2properties 0:00 - Introduction 1:19 - #1: Time the market 2:27 - #2: Don't rely on capital growth alone 3:43 - #3: Have a clearly defined strategy 4:57 - #4: Buy under market value 6:05 - #5: Manufacture growth 7:32 - #6: Positive cash flow properties 8:35 - #7: Know how you're going to make money 9:56 - #8: Have buffers in place 11:07 - #9: Buy in stable metro markets 13:00 - #10: Own your properties outright Advanced Suburb Research Course - https://onproperty.com.au/suburb Recommended Videos: The Secret to Buying Property Under Market Value - https://www.youtube.com/watch?v=W0K7f38q0dE Jen and Brad's Renovation Story - https://www.youtube.com/watch?v=DtQA5ogIEPc 2 Properties to Financial Freedom - https://www.youtube.com/watch?v=Pj8gLiDEz8Y

https://www.youtube.com/watch?v=x0ikf6vtXPQ A recent article by CoreLogic suggests that in most cases you shouldn't pay the asking price for a property as over 75% of properties sold in Australia sold for below their asking price. 0:00 - Introduction 0:30 - 75.6% of properties sold for less than their asking price in the last 3 months 1:45 - What about in individual capital cities? 4:24 - Market value is much more important than asking price 5:24 - How to find the exact vendor discount for individual suburbs 7:44 - Look at the average vendor discount as well as the trend in the discount Location Score - https://onproperty.com.au/score Recommended Videos: Australian Property Market Update: May 2019 - https://www.youtube.com/watch?v=OgMPANEXz8o Is Brisbane Cheaper Now Than It Was 10 Years Ago? - https://www.youtube.com/watch?v=U_dJqIADBJ8

https://www.youtube.com/watch?v=OgMPANEXz8o In this Australian property market update we see Australia is still in wide spread decline but there are surprisingly positive signs that I didn't expect. We also talk about some of the larger economic factors at play. 0:00 - Introduction 0:37 - The rate of decline continues to slow 1:55 - Monthly value of new housing finance commitments increased 2:40 - Every capital city reported a decline with the exception of Canberra 5:05 - Sydney market update 6:35 - Melbourne market update 7:54 - Brisbane market update 9:45 - Adelaide market update 10:25 - Perth market update 11:14 - Hobart market update 12:41 - Darwin market update 13:55 - Canberra market update 14:30 - Rents have grown 0.3% nationally over the past 3 months 15:38 - Total listings remains high, but new listings are down significantly 16:32 - Other economic factors - Mortgage rates, loan approval process, election + economy 18:17 - Australia's private housing debt bubble and a bleaker view of the future 20:10 - Still a turbulent time in the Australian property market Is Brisbane cheaper than it was 10 years ago? - https://www.youtube.com/watch?v=U_dJqIADBJ8 In The Interest of the People YouTube Channel - https://www.youtube.com/channel/UCzwmB2wn8Slp3hko2Gpj2iA Switzer Interview with Steve Keen - https://www.youtube.com/watch?v=uU2jwUihIcs My Interview with Steve Keen (2015) - https://www.youtube.com/watch?v=brX18YrTPTY

https://www.youtube.com/watch?v=wZFdA0IkfQU My focus for May continues to be debt reduction. In this episode I talk in more detail about my debt reduction, my travel plans for May as well as how to minimise risk when investing in property in the current market. 0:00 - Introduction 2:06 - Where I'm Living and Debt Reduction 7:01 - My May travel plans 10:33 - I'm excited to go back up to the Sunshine Coast 11:50 - Still redlining in terms of cash flow, trying to build up a buffer 13:21 - The upcoming recession and how we can profit from it 23:48 - The Cash Flow Quadrant and improving my businesses 30:41 - Property market update and investing ideas for the current market Walk The World YouTube Channel - https://www.youtube.com/channel/UCKWDscRjYFTD1KHsmow4-bQ CashFlow Quadrant Book - https://onproperty.com.au/cashflowquadrant Recommended Videos Story Time: Jen and Brad's Renovation Project - https://www.youtube.com/watch?v=DtQA5ogIEPc I Lost Thousands in Cryptocurrencies - https://www.youtube.com/watch?v=6msFDDC1mEo

https://www.youtube.com/watch?v=kj_7FNmp0e0 Last week I talked about things I don't spend money on, this week we are flipping it and looking at things I do spend money on that maybe I shouldn't 0:00 - Introduction 0:55 - #1: Coffee 1:47 - #2: Alcohol 2:42 - #3: Private Schooling 3:47 - #4: Interest on Debt 4:21 - #5: Child Support 5:01 - #6: Take Out 6:11 - #7: Books and Audiobooks 7:25 - #8: Going Out 8:05 - #9: Travel 9:30 - #10: Kids Clothes Recommended Videos: 15 Things I Don't Spend Money On - https://www.youtube.com/watch?v=-dLyOONIZHs

https://www.youtube.com/watch?v=mzP2imAmAtM Welcome to my Australian Property Market Update for April 2019, where I look at some data from CoreLogic's monthly update and draw out some insights from the data points. 0:00 - Introduction 0:45 - National rate of decline is continuing to slow 1:58 - Decline is now across more capital cities 2:43 - National dwelling values down 7.4% since peaking 4:12 - Change in dwelling values from market peak 5:08 - Sydney property market update 5:39 - Melbourne property market update 6:05 - Trends in time on market and vendor discount 7:23 - Brisbane property market update 8:16 - Adelaide property market update 8:46 - Perth property market update 9:20 - Hobart rate of growth now slowing 10:54 - Darwin property market update 12:53 - Canberra property market update 13:16 - Major factors affecting the current downturn 14:12 - New lending continues to decline 15:19 - Interest rates likely to get cut this year, but not help the market as much as previously 16:20 - There are a lot of factors that will affect property prices CoreLogic April 2019 Market Update - https://www.youtube.com/watch?v=fSiwqtpimLM Martin North (Walk The World) YouTube - https://www.youtube.com/channel/UCKWDscRjYFTD1KHsmow4-bQ Is Brisbane Cheaper Than It Was 10 Years Ago? - https://www.youtube.com/watch?v=U_dJqIADBJ8 Recommended Videos: March 2019 Property Market Update - https://www.youtube.com/watch?v=MH4K46TBe90 2 Properties to Financial Freedom - https://www.youtube.com/watch?v=xa-pbubbzN0

https://www.youtube.com/watch?v=-dLyOONIZHs There are a lot of things I don't spend money on now that I am aggressively paying off debt. Here are 15 things I don't spend money on. 0:00 - Introduction 0:44 - #1: New Phone Upgrades 2:11 - #2: Meat 2:50 - #3: New/Expensive Cars 3:41 - #4: Gym Memberships 4:20 - #5: Cigarettes and Drugs 5:16 - #6: Expensive Restaurants 6:15 - #7: Convenience Food/Drinks 7:17 - #8: Brand Name Clothes and Fast Fashion 8:37 - #9: Kid's Toys 9:39 - #10: New Tech/Gadgets 10:33 - #11: Collectors Items 11:20 - #12: Gambling 12:12 - #13: In-App Purchases 13:05 - #14: Cryptocurrency 14:00 - #15: Rent Recommended Videos: I Lost Thousands in Cryptocurrency - https://www.youtube.com/watch?v=6msFDDC1mEo Cryptocurrency Faucets - https://www.youtube.com/watch?v=Hw3M8w_sfks

https://www.youtube.com/watch?v=VQwvA3c65NI I make a full time income online, most of which is passive. Here are the 8 different ways I actually make money online. These are my 8 major income streams. 0:00 - Introduction 1:04 - #1: Website Advertising 1:57 - #2: YouTube Advertising 3:19 - #3: Amazon Affiliates 4:46 - #4: Other Affiliates 5:35 - #5: Recurring Affiliates 6:55 - #6: Referral Fees 7:52 - #7: Ebooks 8:48 - #8: My Own Courses 9:58 - #9: My Own Software 10:51 - #10: Membership Website 11:17 - #11: Email Subscription Service My daughter just started her own website to make money online and published her first article about how to stop prismacolor pencils from breaking. If a 12 year old can make money online so can you. ConvertKit - https://ryanmaclane.com/convertkit Property Courses - https://onproperty.com.au/resources Property Tools - https://propertytools.com.au

https://www.youtube.com/watch?v=D3sljhJ4Dqg Those who aren't prepared for a recession tend to get hit the hardest. Here is how I am preparing for a recession and how you can too. We haven't had a global recession since 2008 and Australia hasn't gone through a recession in 27 years but recessions are a part of life and do happen on a regular basis, so it's important to be prepared it when it does come so you life isn't adversely affected. 0:00 - Introduction 1:00 - The inverted yield curve and the high chance of a recession 2:15 - #1: Pay Off Debt 3:42 - #2: Keep Your Expenses Low 5:10 - #3: Look For Ways To Earn More Money Now 6:33 - #4: Diversify Your Income Streams 7:41 - #5: Build Up A Buffer Fund 9:51 - #6: Manage My Liquidity 11:10 - #7: Invest In Assets That Generate Cash Flow 13:12 - #8: Have a Backup Plan in Place Martin North/John Adam Inverted Yield Curve Video - https://www.youtube.com/watch?v=gLDzzYoE9Tk Recommended Videos: Should You Pay Off Debt or Invest First? I Lost Thousands in Cryptocurrency

[arve url="https://www.youtube.com/watch?v=cxWvOMqJh5w" mode="lazyload" align="center" /] Most of us don't start out life with a silver spoon in our mouth. If we are going to become wealthy we have to do it ourselves. So how do you create wealth when starting from scratch? 0:00 - Introduction and my story 3:09 - #1: Accept yourself and your situation 4:31 - #2: Ask yourself "Why am I broke?" and what are some of the bad habits you have 6:35 - #3: Commit to a growth journey 7:42 - #4: Set your short and long term goals 10:11 - #5: Create some short term financial stability 12:18 - #6: Do more than what the average person is doing 13:41 - #7: Stop living pay check to paycheck 14:31 - #8: Educate yourself massively 15:51 - #9: Look for solutions in your life, not problems 18:38 - #10: Reduce liabilities and increase assets Recommended Videos: How I am paying off my debt - https://www.youtube.com/watch?v=TPuX7B6BPFY How to stop living paycheck to paycheck - https://www.youtube.com/watch?v=mWlzKy7zoiw

[arve url="https://www.youtube.com/watch?v=m8f2YcCO6nII" mode="lazyload" align="center" /] There are some books that have massively changed my life. I have read them and they have caused me to go down hugely different paths than what I expected. I love these books and these are so important to me. I'm excited to share them with you. 0:00 - Introduction 1:27 - Linchpin by Seth Godin: https://onproperty.com.au/linchpin 3:55 - Retire Young Retire Rich by Robert Kiyosaki: https://onproperty.com.au/retireyoungretirerich 4:59 - The 4 Hour Work Week by Tim Ferris: https://onproperty.com.au/4hourworkweek 6:11 - The Lean Startup by Eric Ries: https://onproperty.com.au/theleanstartup 7:23 - Crush It by Gary Vaynerchuk - https://onproperty.com.au/crushit 10:11 - The Way of Kings by Brandon Sanderson - https://onproperty.com.au/thewayofkings 11:32 - BONUS: Skyward by Brandon Sanderson - https://onproperty.com.au/skyward 12:26 - Peak by Anders Ericson - https://onproperty.com.au/peak 14:33 - Brain over Binge by Kathryn Hansen - https://onproperty.com.au/brainoverbinge 16:41 - Good to Great by Jim Collins - https://onproperty.com.au/goodtogreat 18:26 - The Ethical Slut by Janet W. Hardy and Dossie Easton - https://onproperty.com.au/theethicalslut 19:41 - Love Wins by Rob Bell - https://onproperty.com.au/lovewins Recommended Videos: 12 Best Finance Books That Will Change Your Life - https://www.youtube.com/watch?v=QSAtYQb82tU The 5 Best Books on Property Investing - https://www.youtube.com/watch?v=2BV2czOgZ3Y

[arve url="https://www.youtube.com/watch?v=Kwr9xzaucPI" mode="lazyload" align="center" /] There are a bunch of behaviours that if you do them you will stay poor. They will keep you down in the dumps and keep you broke. Here are 30 behaviours that will keep you poor. 0:00 - Introduction 1:13 - #1: Do not look at your finances 2:31 - #2: Spend unconsciously 4:40 - #3: Focus on how things will make you happy 6:19 - #4: Have credit cards, car loans and personal loans 8:11 - #5: Increase your monthly subscriptions 10:03 - #6: Don't educate yourself 11:30 - #7: Have short term thinking 12:29 - #8: Assume everything will continue to get better financially 14:10 - #9: Blame other people for your financial problems 16:07 - #10: Don't have long term goals or plans 17:16 - #11: Don't invest 18:48 - #12: Make bad investment decisions 20:15 - #13: Buy lottery tickets 22:04 - #14: Only save what's left over 23:39 - #15: Buy things you don't need 25:21 - #16: Keep up with the fashion trends 26:35 - #17: Spend money you don't have 27.47 - #18: Buy everything brand new 28:28 - #19: Accumulate bad debt 29:58 - #20: As you earn more money increase your lifestyle 31:44 - #21: Keep your debt out of sight out of mind 34:04 - #22: Only look for problems in your life, not solutions 35:13 - #23: Don't try to earn more money 36:28 - #24: Surround yourself with poor people 38:07 - #25: Try to save your way to financial freedom 39:23 - #26: Don't have a budget 41:23 - #27: Don't pay off the bad debt in your life 42:30 - #28: Believe rich people are evil 43:52 - #29: Try to impress people with your money 45:04 - #30: Have a scarcity mindset 46:39 - Summary Should You Pay Off Debt or Invest? - https://www.youtube.com/watch?v=eicozV3mK0k Cash flow calendar - https://www.youtube.com/watch?v=OzJWgFvJ5AI Recommended Videos: 10 Things We Have Cut From our Budget - https://www.youtube.com/watch?v=eX5DoSRFjN4 How I'm paying off my debt - https://www.youtube.com/watch?v=TPuX7B6BPFY Transcription: Ryan 0:00there are a bunch of behaviors that if you do them you are more likely to stay poor these behaviors keep you down in the dumps they keep you broke and they stop you from moving towards your financial goals towards financial freedom towards building wealth and i myself have been guilty of many of these behaviors in the past and even some of them now so in today's episode we're going to look at 30 different behaviors that are keeping you poor hi i'm ryan from onproperty com au helping you achieve financial freedom and what i want you to do is as we go through this list i want you to think about does this apply to your life are you implementing this behavior is this behavior keeping you poor and do you need to shed this behavior in order to move towards financial freedom now some of you listening may have a whole bunch of these behaviors in your life some of you may only have one of these behaviors so it's up to you to determine which ones of these apply to you and then to systematically work on removing those behaviors from your life and replacing them with behaviors that are actually going to make you wealthy so without further ado let's get into it behavior number one do not look at your finances do not track your finances do not pay attention to how much money is left in your bank account just put your head in the sand close your eyes tap your card and just hope that there's enough money in your bank account to go through so rather than actually thinking about things rather than actually maintaining your focus on your finances seeing how much you've spent for the way just simply don't track your finances at all if you want to stay poor because if you don't track your finances what's going to happen is you're not going to know where you're at financially you're not going to have a plan at all you're not going to have any any goals that you're moving towards you're just kind of hoping that everything's gonna work out and when it comes to finances hoping that things are gonna work out they generally don't if you want to be wealthy you have to be diligent about it you have to be disciplined and you have to actually work towards something so if you're not keeping track of your finances that's going to keep you broke because you're not staying focused on a goal focused on a plan and that's going to lead you to make decisions that aren't in your best long term financial interest and that leads us to point number two if you want to stay poor spend on consciously so rather than thinking about your purchases and what's going to get you the best bang for your buck and how you can be money conscious just go out there and just live unconsciously and spend unconsciously i don't mean be asleep and be buying things on the internet while you're actually

[arve url="https://www.youtube.com/watch?v=mWlzKy7zoiw" mode="lazyload" align="center" /] Living paycheck to paycheck can be a really stressful way to live. When you're living paycheck to paycheck it feels almost impossible to pay off debt or invest and move towards financial freedom. So how can you stop living paycheck to paycheck so you can start achieving financial stability in your life? 0:00 - Introduction 0:55 - My story: I was living paycheck to paycheck but now I'm not 2:31 - Think of this in terms of cash flow 3:58 - Step #1: Assess Where You're At (recurring payments, debt repayments, living expenses) 7:20 - Step #2: Reduce Your Expenses/Liabilities 10:50 - Step #3: Grow Your Passive and Earned Income Recommended Videos: Paying Off Debt vs Investing - https://www.youtube.com/watch?v=eicozV3mK0k Minimalism and Money - https://www.youtube.com/watch?v=_JdXsuOhfLo

[arve url="https://www.youtube.com/watch?v=_JdXsuOhfLo" mode="lazyload" align="center" /] Minimalism can help you live more consciously and more happily. Here are some ideas on how you can apply minimalism to your finances so you can set yourself up for a better financial future. ING Special Offer Follow me on instagram 0:00 - Introduction 1:06 - What is minimalism? 1:32 - How does minimalism apply to our finances (removing consumerism, simplicity, living consciously) 3:00 - Follow me on instagram https://instagram.com/ryanmaclane 3:20 - 10 Practical Tips For Applying Minimalism to Your Finances 3:27 - #1: Automate Your Finances 6:01 - #2: Having a Simple Budget 7:13 - #3: Spend Consciously 8:19 - #4: Just Buy What You Need 9:16 - #5: Just Pay With Cash 10:13 - #6: Have Meaningful Financial Years 11:58 - #7: Live With Gratitude and an Abundance Mindset 13:13 - #8 - Earn More Money 15:17 - #9 - Build Up a Buffer 16:05 - #10 - Stop Worrying About What Other People are Doing Recommended Video: My Minimalistic Wardrobe - https://www.youtube.com/watch?v=xIEF5_ATaio How I Budget - https://www.youtube.com/watch?v=1D_zMCj5-Gs

[arve url="https://www.youtube.com/watch?v=u8NWBaj0N_k" mode="lazyload" align="center" /] With an election due to come up shortly there are some proposes Labor are making to how negative gearing works when it comes to investment properties. Here are Labor's proposed changes and how they may affect you. 0:00 - Introduction 1:27 - What is negative gearing? 3:05 - Why in negative gearing such a big deal? 4:49 - What are Labor's proposed changes to negative gearing? 7:24 - What are Labor's proposed changes to capital gains tax? 9:18 - When will these proposed changes come into effect? Domain Article Recommended Videos: Capital Gains Tax Explained - https://www.youtube.com/watch?v=fwobes3_Zeg How To Calculate Capital Gains Tax - https://www.youtube.com/watch?v=FvSF4pnjWW4

https://www.youtube.com/watch?v=OzJWgFvJ5AI This budgeting tool has really helped me prepare for my future and minimise my overwhelm and anxiety and manage my finances. That is a cash flow calendar. What is a cash flow calendar and how can you use one in your life? 0:29 - What is a cash flow calendar?1:40 - How do you create a cash flow calendar?3:27 - What to do once you've created your cash flow calendar5:34 - How this helps relieve my anxiety and prepare for my future Recommended Videos: How I Got Myself Into Debt How I Am Paying Off Debt Transcription: Ryan 0:03hi ryan here from onproperty.com.au helping you achieve financial freedom in today's episode i want to talk about a budgeting tool that has really really helped me over the last couple of months to prepare for my future to minimize my overwhelm and anxiety and just really helped me to manage my finances and that is a cash flow calendar so in this episode i'm going to talk about what a cashflow calendar is and how you can use one in your life so what is a cashflow calendar uh well it is basically what it sounds like it's a calendar of the year where you map out your cash flow so you map out your incoming income and you map out your outgoing expenses as well so as you'll know that there are things throughout the year that you don't have to pay every single week or every single month but you have to pay them in one lump sum maybe once a year maybe twice a year whatever it may be so something like car registration is a perfect example where it tends to come around once a year for most of us you can do it six months as well and if you're not expecting this and you get hit with a bill for car registration or for health insurance or for whatever it may be and you haven't put the money aside then that can put you in a really difficult financial position so taking the time to create a cash flow calendar has been really useful for me both with my expenses as well as my plan to pay off debt and can be really useful for you as well so how do you create a cash flow calendar well for me what i did was i jumped into excel and i created an excel document i actually use google sheets because it's free and easy to use and i can access it from any website i mean from any computer and so basically go into google sheets and i would create the 12 months of the year and then down the column the first column i would just list all my major expenses so i would list my car registration i would list car insurance health insurance i would also list monthly expenses as well so like internet and my phone bill quarterly expenses like electricity and gas bills as well as something that you would put in there and then for me as well i also listed my debt repayment so when i have to pay back certain debts when i have to pay interest which is monthly as well as when i have to pay the full amount of particular debt as well so basically i took the time to map out across the entire year what all of my major expenses will be as well as what my ongoing expenses are so things like i have a weekly discretionary budget so i have a certain amount of money that i give to myself each week that i can spend on things like petrol food going out etc i put that into the cash flow calendar as well as a monthly figure so basically i spend the time to map out my entire year and that gave me totals for each and every month as well as totals for the entire year and that then allows you to prepare for the coming months so if i can see that this month i don't have many expenses and i've got a bit of extra money but i know that registration is coming up in four months time then i can prepare for that and say okay do i have enough money to pay for registration and so once i've created my cash flow calendar what i then do is look at all of my major expenses and look at how much do i need to save in order to be able to pay for those expenses so i put it i put them all into a chunk that i call big bills and i basically work out that annual figure for big bills and then i try and save that amount each week as i get paid from my business or each month as i get paid so what i do after i've created my cash flow calendar i work out that full amount how much i need to put aside each week and then i go ahead and automate that so when my income comes in what i've set up is an automatic scheduled payment in my img bank account that immediately takes money out of my bank account and puts it into an online savings account in order to save up for big bills and so basically i have an online savings account called big bills and money goes in there each and every week and then when a bill comes up like when car registration comes up and i need to pay 800 or $1,000 or whatever it may be i can then pull money out of big bills put it in my spending account and then i can pay for that bill so i created the cash flow calendar i created an automated the weekly

https://www.youtube.com/watch?v=_ezxHQ7irSY Recessions are a part of life, economies go up and they go down. Investing in property during a recession can be either the best of worst time to invest. Here are 13 tips to minimise your risk and maximise your chance of return during a recession. Book a free property strategy session 0:00 - Recessions are a part of life 1:38 - #1: Focus on Bread and Butter Properties 2:39 - #2: Look for Positive or Neutral Cash Flow 4:15 - #3: Invest in Something with Short and Long Term Rental Demand (Vacancy Rates Below 2%) 5:20 - #4: Invest in Markets That Haven't Peaked Yet 6:27 - #5: Invest in Suburbs and Markets With Long Term Demand 7:24 - #6: Have a Long Term Strategy 8:08 - #7: Don't Over Leverage Yourself 9:10 - #8: Buy Below Market Value 10:54 - #9: Buy a Property With The Potential To Manufacture Growth 12:02 - #10: Build a Strong Buffer Fund 12:30 - #11: Manage Your Property Well and Maximise Your Return 13:19 - #12: Boost Your Cash Flow 14:50 - #13: Avoid More Speculative Investments 15:42 - 13 Ways To Reduce Your Risk and Maximise Your Chance of Return Recommended Videos: How To Know The Value of a Property The Secret To Buying Properties Under Market Value 12% Rental Yield Granny Flat Walk Through

[arve url="https://www.youtube.com/watch?v=sAlPnMe9jO4" mode="lazyload" align="center" /] Going from nothing to financial freedom through property investing can be quite an overwhelming task. Breaking it down into the different stages of the property investment journey can be extremely helpful. Here are the 4 stages of property investing. Book a free property strategy session 0:00 - Introduction 1:00 - The 4 stages summary 1:37 - The 2 Properties to financial freedom strategy 3:18 - Stage 1: Buy Properties 5:32 - How to know when you've finished stage 1 7:20 - An example based on today's market 8:29 - Stage 2: Pay Off Debt 9:02 - 2a. FAST Strategy - How to pay off debt fast 11:15 - 2b. SLOW Strategy - Enjoy life while the properties pay themselves off 13:49 - Dave's success story 15:56 - Stage 3: Freedom 23:38 - Stage 4: Wealth Creation 27:01 - Summary 28:25 - This can really accelerate your financial freedom 30:01 - Get help implementing this strategy in the right market Learn more about the 2 properties to financial freedom strategy Ikigai: The Japanese secret to a long and happy life Recommended Videos: 2 Properties to Financial Freedom: Quickly Explained Transcription: if you're looking to achieve financial freedom by growing a property portfolio it can be quite a daunting and overwhelming task to go from nothing or just owning your own home to actually grow in your portfolio and achieving financial freedom and we find it much simpler and much less daunting if you actually break down the journey into the different stages of the property investment journey or the property investment cycle so today I'm joined by Ben Everingham who's a buyer's agent from pumped on property how's it going Ben hey man how you doing very good and we're gonna talk about the four stages of property investing so this is in line with our two properties to financial freedom strategy if you haven't checked that out go to onproperty.com.au/plus two properties and you can learn all about that over there but the goal here is that we're going to invest in what we call foundational properties that are going to then go on to deliver us financial freedom or deliver us a financial position where we can actually live off the rental income that those properties are generating so the four stages are property investing to outline them quickly is stage one which is buy properties which we're probably going to spend most of the time on stage two which is pay off debt which you can do to which you can choose to do quickly or slowly Stage three is freedom or financial freedom that's where you get to live off the rental income and gain choices in your life and then stage number four is wealth creation now that you're financially free you can focus on building your wealth becoming rich whatever it is that you decide to do so do you want to talk quickly about the two properties to financial freedom strategy Ben and then we'll get into stage one about buying the properties yeah so the concept of two properties to financial freedom I think you came up with that idea while you having served on the Sunshine Coast and you gave me a call after and I kind of wish I've known about it ten years before I got started because of all the ups and downs and mistakes that I've made as an investor on my journey and effectively the strategy is simple and it's about owning a couple of good quality low risk low maintenance homes completely outright in the future so that that passive income stream provides you with surplus income and allows you to have better quality choices in your life you know down the line whether that be ten fifteen thirty years from today yeah so we're talking about kind of a 15 to 20 year strategy towards achieving financial freedom but something that's really interesting with this strategy as opposed to the myriad of other property investment strategies out there is that the hard work is largely done in the beginning so we're investing in high-quality Metro markets that are going to have long term demands and we're working hard to save our deposits and to buy those properties in stage number one that might take us a couple of years to buy those properties and maybe build some granny flats on them but then we're in a positive cash flow position where those properties are paying themselves off over the next 10 15 20 years where we don't really have to do much we get to live our lives and enjoy our lives knowing that we're set up for financial freedom so that's what makes this strategy a little bit different is that it's very heavily weighted to the beginning just buying the right properties for long term success and then letting them do their things so yeah we're looking at high quality properties and long term demand that ideally would be in a cash flow neutral or cashflow positiv

https://www.youtube.com/watch?v=CuLnACEGVK0 The 4 Disciplines of Execution is a great leadership book to help businesses achieve goals but I actually found this extremely useful in my personal life. In this book review I discuss the key ideas in the book and how you can apply them to your life The 4 Disciplines of Execution (on Amazon) 0:00 - Introduction 1:25 - The 4 Key Concepts in the Book 2:19 - #1: Wildly Important Goals 3:10 - The Whirlwind in your life 3:54 - #2: Lead Measures (Things You Do) 6:02 - #3: Create an engaging scoreboard 8:29 - #4: Keep Accountable 9:10 - Summary of the 4 Disciplines of Execution Transcription: I recently read the book the four disciplines of execution which is ideally a business leadership book to help people who run businesses and run teams to get the company and the teams to implement strategies to achieve goals but I actually found this book extremely useful in my own life of my small one-man operation in terms of my business as well as applying to my own personal finances as well so in this episode I want to do a review of the four disciplines of execution talk about the key concepts in the book and more specifically talk about how you can apply them to your everyday life and your own personal goals this book was extremely valuable and came at the exact right time when I needed it in my business as you may know I have been in debt lately I'm currently paying that off and I'm working towards growing my passive income quite significantly ideally over the next couple of years but staying focused on that when I do work that doesn't have a payoff for 6 or 12 months is very important and this book really provided a framework for doing that a framework for staying on track and a framework for getting motivated so let's have a look at the key concepts in this book and then I'll suggest some ways that you may be able to apply them to your own life and your own personal finances in order to move towards financial freedom so the book really has just four key concepts so the four disciplines of execution and they are the first one is to create wildly important goals so just having one or two goals per year that you're focusing on not even per year just one or two goals then you're focusing on which ultimately have a deadline so I'll break all of these down in more detail but first I'll just summarize them so set one or two wildly important goals create lead measures so have things that you do that result in lag measures or that result in results that are in line with your goals the next thing is to have an engaging scoreboard to track your results and then lastly keep yourself accountable or have weekly meetings if you're running a team so there the four disciplines while the important goals lead measures engaging school board and keeping accountable so let's go through them in more detail the first section talks about wildly important goals so these are the most important goals in your life or in your business that you are focusing on these are the things that are going to move the dial that are going to change the business or the company or change your personal finances so for me for business it is about growing the level of my passive income in the business and so there's two different aspects of that so I have two different goals or wildly important goals that I want to achieve this year that go across two different online businesses that I have so they might do while the important goals in my personal life my wildly important goal is to pay off all my debt ideally by the end of 2019 so by the end of this year pay off all my debt so I've got my wildly important business goals and my wildly important personal goals the book talks about the thing called the whirlwind which is basically there's activities in your life and in your business that you need to do just to keep things operating so there's emails you need to respond to reports that need to go out things that you have to do you know when you can spend the day and you did a lot of work where you didn't really feel like you were productive and moving towards the goal that's what they call the whirlwind so I really like the name for that that business as usual or life as usual is the whirlwind and that's kind of what's happening to you that's what's driving you and these wildly important goals kind of step outside of the whirlwind so you're living in the whirlwind but then you have these wildly important goals that you're aiming for and then that leads to the second point which is creating lead measures now I don't like the name lead measures because it's quite confusing if you haven't read the book because it talks about lead measures and lag measures but basically lag measures are the results that you want to achieve so for me the goal of one of my businesses is to double the income this year

https://www.youtube.com/watch?v=hK_M0PgvF14 I've learned a lot about money management in the last year and have improved my skills in the area substantially. Here's some ideas on how I have gotten better at managing money and how you can too. 0:00 - Introduction 0:31 - 1 Year Ago Today (0:43….add video) 1:10 - I'm not actually 'broke' 2:06 - #1: Being completely focused on my money and constantly looking at it 3:07- #2: Creating a cash flow calendar 4:25 - #3: Remain as frugal as possible 5:20 - #4: Find ways to achieve more with less 6:25 - #5: Building up cash buffers in my life 8:09 - #6: Working really hard to build up my passive income 10:35 - The biggest thing has been focus 10:52 - Something I really need to work on 11:26 - I've come so far in the past year How I Got Myself Into Debt Recommended Videos: Barefoot Investor Bank Accounts Explained I Need To Get Better At Managing Money (March 2018) Transcription: almost exactly one year ago I decided that it was time finally time to get better at money management and I've learned a lot over the past year and learn a lot especially over the past couple of months so here I want to talk about how I'm getting better at money management and some of the things that I've learned hi i'm ryan from onproperty.com.au/free angel' freedom and welcome to another quick money Monday where we talk about things around money now it was almost a year ago to the day I'm recording this on the 27th of March it would go out early April but on the 26th of March 2018 I published a video that says I'm working or I'm looking to get better at managing money so I'll link that up down below or you can go to onproperty.com.au/mortgage 493 to check that out but I really feel like over the past year despite the situation that I'm in now I have learnt a lot about managing money I've made some major improvements in my life and I'm so much better at managing money now than I was in the past now if you've been following me for some time you'll know that I'm in debt currently working my way out of debt that I'm saying with family to reduce my expenses but I just kind of want to put the disclaimer out there that I'm not actually broke so yes I have debt to pay off yes I'm currently living with my family to save money but I've still actually got a solid passive income in my life that if it wasn't for the debt in my life I would likely still be financially free or very close to it and I'm actually working on growing my passive income at this point in time as well so money management has been a massive issue in the past as well as obviously things that happened in life if you want to find out how I got into debt then I'll link up to that down below but yeah so money management has definitely been my issue and you know added to the fact that I got into debt because I didn't build up my buffer funds and things like that but I'm really working on it so in the book Rich Dad Poor Dad he talks about this idea of minding your own business and basically treating your own life and your own finances as a business and paying attention to it and so the biggest way that I'm getting better and money management especially in the past couple months as I've really been focusing on smashing this debt is just being completely focused so really focusing on my money paying close attention to it and constantly looking at it that's the biggest thing and the issue that I had in the past being financially free or having pseudo financial freedom where you've got enough money coming in that you don't need to worry about expenses we're going to have it where we just didn't look at our finances because they tended to be enough money in there to pay for the things that we wanted to pay for so we didn't watch it closely so now I'm really focused and I'm constantly looking at it and I'm looking at my current position where I am now how much money I have now and I'm also projecting forward so I've gone ahead and created a cash flow calendar which I may do a video about in the future as well if you're interested in hearing about it but a cash flow calendar basically maps out of the year and the payments that I need to make so it looks at monthly payments things that are regular like your phone bill and your internet bill and stuff like that but also things that are more irregular so I've got quarterly school fees that I need to pay health insurance was six monthly I've now moved that to monthly as well as some of my debt payments come in large chunks and so I need to project forward and look at okay what month do I need to pay X amount in terms of debt and so I've basically created a calendar for the entire year so I can see how much money I need to have in each month and then because I run my own

https://www.youtube.com/watch?v=xa-pbubbzN0 The 2 Properties to Financial Freedom strategy is a property investment strategy that is fairly low risk and can allow you to set yourself up for financial freedom in as little as 2-5 years for most people. Here is the strategy quickly explained. Book a free property strategy session 0:00 - Introduction0:30 - The 4 Stages of Property Investing1:13 - Stage 1: Buy and Build Properties3:42 - Rough figures of the foundational properties6:14 - Granny flats…that sounds weird?!8:11 - Stage 2: Pay Off Debt9:55 - Pursuing happiness without financial freedom11:33 - Stage 3: Freedom12:46 - Stage 4: Build Wealth14:00 - Quick summary Transcription: the two properties to financial freedom strategy is a property investment strategy that is fairly low risk and can allow you to set yourself up for financial freedom and as little as 2 to 5 years for most people now this doesn't mean you'll financially free after 2 to 5 years but you set yourself up so that you will be financially free in the future so in this video we're going to look at exactly how this strategy works hi i'm ryan from on-property helping you achieve financial freedom and this strategy is broken into the four stages of property investing so there's four main stages of this strategy the first stage is the buy and build properties stage so this is where you're purchasing properties and building granny flats acquiring what we're gonna call foundational properties the second phase is the pay off debt phase where you pay off debt the third phase is once your debt is all paid off then you have freedom and you can live off the rental income of your properties now a lot of people will want to stop here at phase 3 and go on to live a life that they love with freedom of choices but some people may want to go on to phase 4 which is wealth and building wealth in your life and becoming much richer so let's have a look at phase number one which is the buy and build stage so in the buying build stage this is where we're going to be acquiring our key properties that will deliver us financial freedom in the future we call this the work hard phase because this is where you're working hard to save your deposits to research markets to purchase properties to build granny flats this is where you're working hard and this stage you're looking at around two to five years for most people it can be shorter if you're in a really good position it can be longer as well if it takes you longer to acquire these properties so 2 to 5 years is a guideline for what a lot of people can achieve and as you can see that's a pretty short period of time compared to our lifespan so to work hard for just 2 to 5 years to set yourself up for financial freedom is definitely worth it in my mind but as I said it can be shorter or can be longer so the idea here is that we purchased two properties and we go ahead and build two granny flats this won't work with just any so we'll be looking at high quality metro markets because this is gonna be a long-term investment at the moment that's kind of Brisbane southeast Queensland to get the rental returns and the figures that we're talking about but that can be other places in Australia that allow you to build granny flats we're looking for places that have long-term demands so we don't want things like mining towns that'll boom and then busts within the next 10 years we want long-term demand for our properties we want to get capital growth if we can this strategy doesn't rely on capital growth but obviously capital growth can accelerate the purchase of new properties and it means that those properties are in demand and are likely to get rental growth as well we want to invest at the right time of the market cycle so we want to invest somewhere towards the bottom of the market so ideally we can then get some growth we want suburbs that are set for growth so we're looking at high-quality metro markets but we want the best suburbs within those markets that have the best chance for growth but that are also the lowest risk as well so we want to invest in the best potential suburbs and the best properties within those suburbs so avoiding properties on things like Main streets or right next to train lines or right underneath powerlines and things like that so you can't just do this with any property in Australia it needs to be a very high quality property and taking the time to choose the exact right property is extremely important with that said let's have a look at some of the figures for what these sorts of properties look like this is what clients have pumped on property are doing today is that they'll go ahead and purchase property number one for around about $400,000 that then rents for around about 420 per week they'll go ahead and then build a granny flat on that property for 120,000 whic

[arve url="https://www.youtube.com/watch?v=V3j_z6etv94" mode="lazyload" align="center" /] Last week I got real and raw and talked about how I got into debt, now I'm looking forward and sharing exactly how I plan to achieve long term financial freedom. Get you free property strategy session - https://onproperty.com.au/session/ 0:00 - Introduction 0:36 - What is unique about my circumstance that means I'll likely be financially free in 1-2 years 2:50 - Step #1: Build up my income (businesses) 4:19 - Step #2: Pay off bad debt and live conservatively 6:59 - Step #3: Invest in property using the 2 Properties to Financial Freedom Strategy 9:40 - Step #4: Focus on paying off debt on my properties and own them outright 11:18 - Bridging the gap between pseudo financial freedom and real long term financial freedom 12:18 - What I love about my strategy Recommended Videos: How I Got Myself Into Debt - https://www.youtube.com/watch?v=0lHQ-7LjR0w How I Will Pay Off My Debt - https://www.youtube.com/watch?v=TPuX7B6BPFY Transcription: So last week I got pretty vulnerable with you and talk to about the myriad of things that caused me to find myself in the current situation that I'm in, where I'm in debt. So we looked into the past and now we're going to look into the future towards the plan that I have, the how I plan to achieve longterm financial freedom. And the goal here is that I'll take you on the journey with me so you can see as this adapts and changes as time goes on and whether or not I actually achieve this and get out of debt and go on to achieve the financial freedom. So what is the strategy in a nutshell? Well, something that's really interesting about my circumstance that's probably different from most people is that yes, I run my own business so I don't have a job. But the income that I earned from my business is still, the majority of the income is still passive income. So it's income that I'm not working for. And so while I no longer consider myself financially free, as in a business doesn't generate enough passive income in order to pay my expenses. So I need to work the work that I do actually generate more passive income. So the work that I'm currently doing to grow my business is actually growing the passive income of my business. So what that means is that in a period of six to 12 months, not only will I be paying off debt, but I'll also be growing my passive income to the point where ideally in six to 12 months time, maybe 12 to 24 months time, I will achieve that pseudo financial freedom again. So I'll be effectively financially free through my businesses and they'll generate me enough income that I won't need to work anymore. Now, the decision that I made in the past when I was 28 and this happened in the past, was that I would stop working and then I would try and find what made me happy in life because I was very disillusioned achieving financial freedom and I didn't know what motivated me to work. And I find I'm there in a very different situation. Now I work because I need to work. Yes. But I also know so much more about my internal motivations and what makes me happy. And so I know that when I achieve financial freedom, financial freedom is no longer the goal. Even longterm financial freedom is no longer the goal. The goal is to be present in my life and to enjoy the work that I do, enjoy the people in my life, enjoying my kids and my family. And that's what I do. And so my internal motivation is for consistent growth and consistent learning and that just tends to outwork itself through my business. So in that way I'm a little bit unique because I will likely have achieved financial freedom again by probably 32 or 33 but I'm not going to stop there. So the plan for me to achieve longterm financial freedom is to step one, build up my businesses. That is the primary at the moment. So all the other goals, like pay off debt and invest in property will come as a result of focusing on growing my business. Now my business isn't just on property, on property forms of part of it, but I have a network of niche websites where I create content for and I manage. So I've got a network of websites and network of businesses that I'm focusing on growing. And that is my primarily goal and primary objective. And I guess it's the same with everyday people. Their primary goal is to work and to earn enough money to get by. For me it's about working to grow the income from my business. Now when it comes to more logically achieving that longterm financial freedom, I don't see the business as a way to achieve longterm financial freedom because businesses need to be managed. Even that passive income that I get from my businesses does fluctuate over time. So market trends change online, things that used to work may not work anymore. So business does fluc

[arve url="https://www.youtube.com/watch?v=MH4K46TBe90" mode="lazyload" align="center" /] Last week I talked about how I got into debt, now we are going to look forward at my strategy for achieving long term financial freedom…so I don't find myself in this situation again. Get a free property strategy session - https://onproperty.com.au/session/ 0:00 - Introduction 0:33 - Step 1: Generate more passive income through my business 2:54 - All other steps are built off me growing my business 3:41 - But business is not a long term solution for financial freedom 4:21 - Step 2: Pay off debt 7:00 - Step 3: Invest in property using the '2 Properties to Financial Freedom' strategy 9:41 - Step 4: Focus on paying off the debt of my properties 11:18 - The goal is the set myself up for financial freedom as quickly as possible 11:53 - I'll focus on buying high-quality properties in metro markets Recommended Videos: How I Got Myself Into Debt - https://www.youtube.com/watch?v=0lHQ-7LjR0w How I Am Going To Pay Off My Debt - https://www.youtube.com/watch?v=TPuX7B6BPFY Transcription: Hi and welcome to this Australian property market update for March, 2019 this is a new segment that I'm going to try it where we talk about how the Australian market is performing as well as talking about some key indicators in cities as well. So basically what we're doing in this video is going through some of the data that called logic of shared in their monthly update video. I will link to directly to their video down below so you can go ahead and check it out and collect that data yourself. But basically I've watched that and want to share with you some of the key insights that I got from looking at the data. Hey, I'm Ryan from on property, helping you achieve financial freedom. So obviously when you're investing supporting, then you understand where the market is at and the market has been declining for some time now, so you definitely want to be looking at it. One of the first things that I notice from this market update was that yes, we saw a decline in February of the Australian property market, but the rate of decline is actually slowing and has been slowing for the last two months. Now, two months probably isn't long enough to look at that. We want to continue to see that trend. But as I mentioned with Ben Everingham in a previous video, when looking for the bottom of the market, you want to start to look for the rate of decline slowing. So what I mean by rate of decline? Well, if this shine property market drops by 1%, is that, did it drop by more this month or less this month than it did in prior months? So that's something that you want to look at. And as we can see that December I had the largest rate of decline December, 2018 and then January and February had less decline in those months. So the market's still going backwards, but the rate rate of decline is starting to slow, which may indicate that we're going to see the bottom of the market sometime soon. I don't think there's happening right now. Uh, but it looks like if that trend continues, then we will start to flatten out and then see growth. So that could be within a month or two within six months or 12 months. We'll have to keep watching that to see the tire market, the entire market as a whole is down 6.8% since since have peaked in October, 2017 so that puts us back to the same prices that we saw in September, 2016 so that was about two and a half years ago. I was actually scaring through my site and I did find some footage of myself from February, 2016 talking about how the peak maybe slowing down, but I'll talk about that in a future video. Something that they talked about is that Brisbane is down 0.7% in the last three months and that this is the first time since I think 2012 where Brisbane has seen an annual comparison decline as well. Sydney, Melbourne on the other hand, a down 4.1% in the last three months. And I think it was just Hobart was the only city that had seen positive growth and I think Adelaide was basically even, but they also suggest in these videos that economic conditions are healthy and so maybe tighter lending conditions that are dampening the market or it could also be market sentiment as well. It was really interesting in this video to see the recent big decline in owner occupied lending, so we know that it has been more difficult for investors to get lending for some time, but seeing the decline in owner occupied lending is obviously something to keep an eye on as well. This may be caused by tighter lending restrictions or it may be caused by market sentiment, meaning that not as many people are buying houses at the moment, so therefore they don't need new mortgages. But that's definitely something to continue watching as well because obviously if people can't get mortgages, they can't buy properties. Looking at t

[arve url="https://www.youtube.com/watch?v=lXKHz_xOHSU" mode="lazyload" align="center" /] What are the key ideas/core concepts that make the '2 Properties to Financial Freedom' strategy different from other strategies out there? Book a free strategy session - https://onproperty.com.au/session/ Download the 2 Properties Cheat Sheet - https://onproperty.com.au/2properties/ 0:41 - The basics of the '2 Properties to Financial Freedom' strategy 2:35 - Core Concept #1: These Properties Will Pay Themselves Off! 6:25 - Core Concept #2: You can set yourself up for financial freedom in a short period of time (about 2-5 years for most people) 9:33 - Core Concept #3: There is a clear path to financial freedom without relying on capital growth 14:13 - Core Concept #4: There are 3 key stages to this strategy (#1. Buy and Build Properties, #2. Pay Off Debt, #3. Freedom) 18:26 - Core Concept #5: You don't need financial freedom to gain choices in your life and pursue happiness 23:53 - Core Concept #6: You stop once you're financially free, you can build your wealth even more 27:10 - Core Concept #7: You can still buy you're own home 30:26 - Core Concept #8: You don't need to stop at just 2 properties 34:31 - Core Concept #9: There is a lot of flexibility in this strategy 37:00 - Get the cheat sheet https://onproperty.com.au/2properties/ Simon bought his first property: https://www.youtube.com/watch?v=HP376QV3qi4 Live strategy session with Ryan McLean: https://www.youtube.com/watch?v=TEx0-ZPQhco What it feels like to be financially free: https://www.youtube.com/watch?v=xVzvDkMpZ3k Transcription: I spoken a lot about the two properties to financial freedom strategy. And today I want to talk about some of the core concepts that you need to understand in order to make this strategy work. So we're going to spend a bit of time today looking at some of the key ideas that make this investment strategy different from other strategies and the key ideas that you need to wrap your head around in order to really understand the strategy and make this strategy work for you. So it's going to be a bit of a longer one today. So strap in, I hope you enjoy it. Hey, I'm Ryan from on-property dot com dot. A U helping you achieve financial freedom. And I've been talking for the last year about this two properties to financial freedom strategy. If this is the first time that you've heard it, the idea here is that you can set yourself up for financial freedom quite easily through investing in property. Instead of having some fancy fandangled property investment strategy where you had to buy 10 properties in 10 years and sell some and keep some, the strategy is very simple and straightforward. The idea is you purchase two properties, two houses to be precise and on each of those properties you build to granny flats in order to get extra rental income in order to get a positive cashflow. What you then do is focus on paying off those properties and in fact those properties will actually go ahead and pay themselves off, but you can obviously work harder to pay themselves off, so you purchased the properties, build the granny flats, then you pay off the debt and once the debt is paid off and you no longer have to pay a mortgage, you then live off the rental income of those properties. Now I do apologize for the background noise. I am filming it right next to a work site next door. They're building this I think five or six story apartment complex right next to where I am. So I apologize for the work noise in the background. Hopefully it's not too bad. So let's have a talk about some of the core concepts around this idea. Now that you understand the strategy which has purchased two properties built to granny flats show you're in a cash flow positive position, pay those properties off over time and then once those properties are paid off, you then live off the rental income and you're financially free. This strategy takes about 15 to 25 years in order to reach that financial freedom, but actually purchasing the properties and building the granny flats can be done in a much shorter period of time. So the first concept that I really want to hone in on is this idea that these properties will actually pay for themselves. So when you purchase the properties, you probably know about negative gearing and investing in properties where you hope they're going to go up in value. These properties that are negatively geared generally costs you money every single month. So you purchase them, you're getting some rental coming in, but your expenses like rental manager fees, counsel rates, insurances as well as your mortgage tend to be higher than the rental income coming in. The reason that we go ahead and build the granny flats is so that we can be in a positive cashflow position or cashflow neutral position. And so what this means is that th

[arve url="https://www.youtube.com/watch?v=0lHQ-7LjR0w" mode="lazyload" align="center" /] How did I get into debt? What are the mistakes I made and the things that happened that led me into the not-so-great financial situation? Welcome to a super chirpy Quick Money Monday…not Book a Free Strategy Session - https://onproperty.com.au/session/ 0:00 - Introduction 0:55 - Knowing where you're at now is so important 1:40 - At 28 I achieved "pseudo" financial freedom through my businesses 3:44 - We were in a position to buy a property on the Gold Coast but we were unhappy 4:15 - We decided to purchase a van and renovate it 5:16 - Our van life journey didn't go to plan which cost us more than expected 6:31 - We then decided to move up to Noosa 7:29 - Spent the next 18 months of so exploring happiness and dealing with mental health issues 9:00 - Finding happiness was actually quite difficult for me 9:36 - Mid-2018 I started getting passionate about work again 10:06 - Invested in (and lost money) in Cryptocurrency 10:40 - We didn't live frugally like we should have 11:15 - I then had a marriage separation 12:15 - That exact same time business went backwards significantly 13:00 - The perfect storm that I wasn't prepared for 13:58 - We decided to move down to Sydney 14:56 - How I got into the debt situation 15:45 - I'm now actively working out of debt 15:53 - Why wasn't I focused on achieving long term financial freedom? 16:51 - It wasn't just one bad decision that led to this I Lost THOUSANDS in Cryptocurrency - https://www.youtube.com/watch?v=6msFDDC1mEo Recommended Videos How I Am Paying Off Debt - https://www.youtube.com/watch?v=TPuX7B6BPFY Exploring Financial Freedom (Financially Free at 28) - https://www.youtube.com/watch?v=U-nNqja8gRU Transcription: Something, a lot of people don't like. Talking about myself included is the financial mistakes that we make and how we got into the financial mess that we occasionally find ourselves in. So in today's episode, a quick money Mondays, I'm going to do the very difficult task of explaining how I got into debt. This is something that a few of you have been asking in the comment section. How do I run a property channel and end up finding myself in a situation where I am now currently in debt? What happened? How did I end up in this situation? Yeah. So we're going to talk about that because this year I will be focused on getting myself out of this, getting myself in a strong financial position, strong financial position to go ahead and invest. But it all starts with the mistakes that we make in the situation that we find ourselves in. When I did the free strategy session with Ben Everingham, one of the things that we've talked about is where you at now, it's really important to assess your current financial situation, which I have done. Um, and that's something that you guys will do if you go through a free strategy session. If you're looking to invest, you look at exactly where you now and you have to then assess the mistakes that you made in the past and the fact that you're not where you want to be. If you want to get a free strategy session to help you move towards financial freedom, got on property dot. Come to you and you can read more about it over there or I'll link out to the strategy session that Ben did with me, uh, down below. So without further ado, how did I get into debt? So to start us off by the age of 28, which is about three years ago now, I achieved what I call pseudo financial freedom. Now I've actually always called it that. I've never called myself financially free. I call myself sooner. We'll have pseudo financial freedoms to by using the word pseudo, I mean, not really. So not really financial freedom, but there's not really a better word for what I had. And that was the fact that I end businesses, online businesses in particular that generated me weekly or monthly revenue that exceeded my expenses without me needing to work on them. Now, if you go back to the video that I did at 28 around financial freedom and how I have it, you see that I didn't make many videos around that time. In fact, I didn't work on many of my websites. I've got a network of websites, not just on property, but I basically wasn't really working around that time. So around the age of 28, I achieved my ultimate goal in life that I'd had for so long, which was to achieve financial freedom. And when I achieved, uh, it was very disconcerting, I guess is the word you would use. So that was around November, 2016 so it's about two and a half years ago now. That's right. Yes. Two and a half years ago now that that happened and I didn't really know what to do with myself. I'd always had a goal that I was striving towards. I was always working really hard to wards a goal. And I was fully motivated by

[arve url="https://www.youtube.com/watch?v=NoJQI7cP6vs" mode="lazyload" align="center" /] In this episode I go through some of the numbers behind the 2 Properties To Financial Freedom Strategy so you can get an idea of how the numbers could work out in theory. Book a Free Strategy Session - https://onproperty.com.au/session 2 Property Strategy - https://onproperty.com.au/2properties 0:00 - Introduction 0:41 - The basics of the strategy 2:28 - Looking at the basic cash flow of the strategy 6:34 - What sort of income can this create when fully paid off 9:14 - How long does it take to pay off these properties 12:53 - What's the rough annual income after expenses? 14:57 - What if you buy more than 2 properties? Resources Mentioned in the Video: Property Tools - https://propertytools.com.au Recommended Videos 2 Properties To Financial Freedom - https://www.youtube.com/watch?v=Pj8gLiDEz8Y Transcription: We've talked a lot about the two properties to financial freedom strategy and in this episode I want to go through some of the nitty gritty and the numbers behind this strategy so you can see how it works in action. Hi, I'm Ryan from on-property helping you achieve financial freedom and if you don't know what to properties to financial freedom is, I'll quickly explain that before we jump into the numbers, but I have done a full video on it with Ben Everingham where we talked for about an hour. I will link that up in the description down below or you can go to on property.com.edu forward slash two properties to check out that episode. But the basis of the strategy is that you purchase two houses. These houses costs about $400,000 each and they rent for about $420 per week each on those houses. You then build to granny flats that costs $120,000 each and rent for about two 80 per week. So all up you've invested $520,000 per property and each property has two incomes renting for a total of $700 per week. Or if you combine the two together, then you're looking at 1 million and $40,000 renting for 1400 per week and the goal here is to get you to a baseline of financial freedom in the next 15 2025 years. So we're going to have a look at the numbers behind this, see whether or not this works so you can work out whether or not you think this strategy is going to be right for you. I think it goes without saying that this is not financial advice. We're going to be looking at, you know, just an excel spreadsheet of how the numbers could work out in theory. But in real life stuff happens. Sometimes properties rent for more than what we're talking about. Sometimes you get more rental growth, sometimes you have vacancies, sometimes you have more maintenance, sometimes you have issues with your rental manager. There's so many different things that can happen. So these numbers are not to be considered actual facts, but a very rough guideline of what could be possible. Okay, so this is not what everyone's going to achieve, but it'll give you a rough idea and then obviously you can then apply your own discipline and your own analysis when it comes to investing in a property. So what we're gonna do to start with is look in this website which has property tools.com.eu. This is a calculator that I created myself and we're going to put in a total purchase price of 520,000 and our rental income of 700 per week, we're going to interest rate of 5% in there as well and a deposit of 20% in. We scroll down. We've also got property manager fees, vacancies factored in, repairs and maintenance, insurance and council rights in that as well. So this does take into account a bunch of the fees associated with owning a property and renting it out. And again, these are rough figures you could go through and do this yourself to get a more accurate result. You can sign [email protected] dot. A U if you want to have a play around with this calculator. But what I wanted to look at was the weekly cashflow before tax and we can see that the weekly cash flow before tax is around $140 estimated. And this is if we were to pay interest only on the property, but obviously we also want to pay off the principle on this property and 5% interest rates are kind of high for what you can get at the moment. Realistically it's probably more around 4% which would then give you a weekly cashflow turn in $20 per week or let's go 4.5% so that's going to give us weekly cashflow before tax of around $180 per week. Now this is assuming interest only. This calculator only does that, one of the limitations of this calculator. So we're going to go to this mortgage calculator here and we've got our total loan amount of 416,000 so we're putting in a 20% deposit on everything. So 416 is our remaining loan amount. You got a 25 year period, we're going to change this to 4.5% and if we look at interest only, we can see we've paying

[arve url="https://www.youtube.com/watch?v=oz9_j4fjRNI" mode="lazyload" align="center" /] It's actually possible to create assets from scratch (or with little money) that generate passive income and that can help you move towards financial freedom. 0:00 - Welcome to Quick Money Mondays 0:40 - You probably know about the idea of purchasing assets 1:51 - But there is often the opportunity to create assets in your life 2:33 - Once you can see passive income opportunities you can always see them 3:56 - When you can't see opportunities they don't exist, when you can see them they are everywhere 4:50 - How do we go about creating passive income opportunities? 6:19 - You have to go through a period where you are actively looking for them 8:00 - Another way to look for passive income opportunities Resources Mentioned in This Video How To Start a Side Business - https://www.youtube.com/watch?v=3Z9POlaRkc0 Rich Dad Poor Dad Book - https://onproperty.com.au/richdad Recommended Videos How I'm Paying Off My Debt - https://www.youtube.com/watch?v=TPuX7B6BPFY Paying Off Debt vs Investing Money - https://www.youtube.com/watch?v=eicozV3mK0k Transcription: It's actually possible to create assets from scratch or with little money that generate passive income and that can help you move towards financial freedom. That's what I want to talk about in this episode. Hey, I'm Ryan from on-property, helping you achieve financial freedom and welcome to quick money Monday's the day where we spend some time talking about ideas around money and concepts around money or personal things around money because we love discussing money, but in society it's not really accepted to do that. So that's what this segment is here about. And today I want to talk about the idea of creating assets. So you probably know about the idea of purchasing assets. So purchasing property, purchasing stocks, purchasing, what other ones are there? I don't know. I'm sure there's lots of other things out there, but I guess the two big ones that people invest in our properties and stock. So you purchase assets that might generate passive income. So you might invest in positive cashflow property or dividend paying stocks or you may invest in assets that just hold value. So negatively geared property where you're trying to grow the value of the property. Are you hoping the value of the property goes up or maybe stocks were you hoping the value of stocks goes up? So the concept of buying assets is very commonplace in your superannuation. You are likely working earning money which goes into superannuation, which is being used to buy assets. So buying shares in a company is most likely what you're doing. So if you have money in a mutual fund and it's buying a mixture of shares in a mixture of companies, when you invest in stocks, your buying assets, when you invest in property, you're purchasing an asset. But there's also the opportunity to create assets in your life. And this is something that is rarely talked about that people really think about because it's very difficult to do now in the Book Rich Dad, poor dad by Robert Kiyosaki, which is a, it's a must read if you haven't read it, I do suggest it. Go to on-property dot com.eu forward slash Richdad and that will redirect to where you can purchase the book on Amazon or I'll link it up in the description down below. But in that book he talks about this concept of the rich don't work for money, the rich work to create assets that then generate them income and he in the Book Rich Dad, Poor Dad, Robert Kiyosaki tells this story about how he was working for his rich dad for 10 cents an hour or something like that and his wage got taken away so he was working for free and the rich and encouraged him to look for opportunities in order to generate passive income or in order to generate income. Basically look for business opportunities and the key factor here was that rich dad said to him once you can identify opportunities, once you see opportunities then you always see them. So once you can see one of them, then you start to see a lot of them. And this is one of the really hard things about creating, passing passive income out of thin air, that it's almost like the room of requirement in Harry Potter. So I'm going to nerd out here, but in Harry Potter there's this room of requirement that only appears when you need it, but there's this saying around the room of requirement that says, if you have to ask, you'll never know if you know you need only us. So if you don't know about the room for requirement, you can't find it. But if you know about it, then all you need to do is ask and the room appears. I think that's the concept behind it. But with creating income and with creating passive income and assets from scratch, when you don't know ab

[arve url="https://www.youtube.com/watch?v=LfNPP89dSZ4" mode="lazyload" align="center" /] It's a really good idea to have a strategy that can work even in a declining market, especially given the current conditions of the Australian property market as a whole. Is there a strategy where you can achieve financial freedom even investing in a potentially declining market? Book A Free Strategy Session - https://onproperty.com.au/session/ 0:00 - Introduction 0:30 - You don't WANT to invest in a declining market, you want to protect yourself from risk 1:40 - We have to admit that yes there is risk of a decline, but there are also chances of the market growing 2:18 - The strategy is…positive cash flow properties 3:18 - The reason positive cash flow properties can work even in a declining market 4:46 - What about rent going backwards? 7:27 - Positive cash flow properties pay themselves off and when you own it outright that cash flow becomes yours 10:03 - It's so important to do your market research 11:09 - You want to purchase a property where you can manufacture growth 11:47 - Given the current market it's important to have a strategy that can work if the market goes backwards 12:50 - Something I love about this strategy 15:12 - I lean towards metro markets at the moment over regional markets 15:48 - What you can do if you want to explore this strategy more Recommended Resources Mentioned In This Video: Positive Cash Flow Is Underrated - https://www.youtube.com/watch?v=08oBO2C-5_4 Advanced Suburb Research - https://onproperty.com.au/research/ Australian Property Bubble Interview with Steve Keen - https://www.youtube.com/watch?v=brX18YrTPTY Recommended Videos: 2 Properties To Financial Freedom - https://www.youtube.com/watch?v=Pj8gLiDEz8Y Transcription: When investing in property, given current market conditions, it's a really good idea to have a strategy that can work even in a declining market. So even if the market goes back for a period of time, you can still make money and you can still be successful and you can still achieve financial freedom. So in this episode I want to talk about a strategy that works even in a declining market. Hi, I'm Ryan from on-property, helping you achieve financial freedom. And I just want to say from the outset that this is not me recommending that you, that you invest in a declining market. Obviously we want to invest in property that is going to grow. We don't want to go out and seek properties that are going to go backwards in value. I'm sure there's sound strategies out there that can be really successful and make a lot of money from properties going back in value. But that's not what I'm talking about. I'm talking about, given the current market conditions, a lot of people out there are nervous to invest because I feel like the market may go backwards for a short period of time. Sydney and Melbourne definitely look like they're going to go backwards. Brisbane, we're not so sure about it looks like it may continue to grow, but obviously there's the chance that Sydney and Melbourne can drag down the entire Australian property market as well as changes with appro. Making it harder to lend could have an effect as well as potentially a global recession could affect the market. So is it possible to invest knowing that there's these risks out there, but we can still make money even if this worst case scenario does happen? Because we have to admit that yes, there may be a risk of the market is declining, but also there's the potential for markets growing as well. So it's up to you whether you decide that you want to invest or not given current market conditions, but there's a lot of people out there that realize that the market may still grow, especially somewhere like Brisbane that's hardly grown over the last 10 years, kind of has more potential than maybe Sydney or Melbourne, which had the big booms. So there's a lot of people that may want to invest because they can see the potential for growth, but they're nervous about the downside risks. So let's get into it and talk about this strategy and the strategy is really simple. Okay. And we're going to look at positive cashflow properties. Now in the past, in order to find positive cash flow properties, you really had to go out to regional centers in order to find them where her rental yields are higher and find specific properties that have certain characteristics that generate higher until yields. But by working with Ben Everingham from pumped on property, we've now realized that you can quite easily generate a positive cash flow property in a metro market by building a granny flat so you don't buy it. And it's positive cash flow, but you can create the positive cashflow through building a granny flat. So we're not talking about positive cashflow. I'm not talkin

[arve url="https://www.youtube.com/watch?v=VoWJv8mHrH8" mode="lazyload" align="center" /] Do you need a property mentor or property coach in order to be successful in property investing? If you don't have a coach what can you do to improve your chances of success? Book Your Free Strategy Session - https://onproperty.com.au/session/ 0:00 - Introduction 0:40 - Did Ben have a property mentor in the beginning of his investment journey? 1:14 - You can't just wait around for a mentor to magically appear 3:22 - Is it vital to have a mentor? 4:14 - Having online mentors that you never actually meet 6:09 - Personal development expands your mind, and that ultimately impacts your life 7:07 - There is so much online mentorship out there 8:21 - Tiny concepts that come out of online mentoring can make a major difference 9:44 - You don't need physical people in your life for you to be able to achieve your goals 11:40 - Some people can benefit from one-on-one help from a buyer's agent 13:27 - Why I prefer buyer's agents over seminars or courses 14:31 - Don't let tomorrow look the same as today 18:08 - What to do when all the dots aren't connected 19:42 - You'll never get it perfect first time around Transcription: Dean need a property mentor or a property coach in order to be successful in property. Both me and Ben have had contact with people this week that have mentioned that they feel isolated, that they don't have mentors in their life and want to know how they can be successful without a mentor, how they can find one. And so we want us to talk today about whether or not you actually need one. And if you do want one, how to go about finding it. So, Hey, I'm Ryan from on-property, helping you achieve financial freedom. Today I'm joined by Ben Everingham buyer's agent from pumped on property. How's it going, Ben? Awesome, man. Hey, doing. Yeah. Good. Now you're kind of in the unique position where I guess you do mentor a lot of people through your buyer's agency, but what about you in the beginning? Did you have a property mentor in your life when you were getting started? I didn't. I kind of wish I did. Um, just because I wouldn't have made as many of the mistakes that I've made now. Like, yeah, looking back, it would've been super helpful to have someone in my life that was exactly where I wanted to be, that had this strategy that I felt comfortable with and had, you know, that 10 15 years of experience that I didn't have. Just the bounce ideas off and to help keep me focused. Yeah. I think in an ideal world, having a mentor is Great, but I think the problem that people have is you can't just wait around for a mentor to magically appear. Like, we're not Cinderella here waiting for a fairy godmother to come in and save the day. I personally have never really had a mentor in my life, whether it be in property or be in online business. There's not really one person who has kind of taken to me and helped me along the way. I've really had to find the way myself. And you said something really awesome off camera, which is something that you said to someone, which is they spent multiple years, I think it was five years procrastinating and not investing in property that because they didn't take action that's five years longer than they're going to have to work before they achieve financial freedom. And so I guess to like kind of set up the frame for this conversation is having a mentor is Great, but if you're just waiting around for a mentor and you're waiting around for someone to tell you what to do, it's very unlikely that you're going to get anything done and achieve any level of success. Yeah, like finding a mentor is actually quite an overwhelming thing to do. Um, which is why the same issue. I've never really had a direct mentor that I took everything from and just followed. What I've done is read lots of books, listened to lots of podcasts, gone to a lot of live events, a lot of different coaching and talk to a lot of different people. And then from that pulled little fragments out of it all. So that I had a clear strategy for myself. And then what I do have around me now, he's kind of sounding boards or accountability partners that when I share an id, I'm not just vetting it on my own is one of their clients said like he felt like he was on his own and because he didn't have that partner, it was almost like a cocoon of silence. Like it was his thoughts with his thoughts, with his thoughts. Um, and so I always have those people like yourself and a few others that I can vet ideas that are going to tell me to tell me straight that it's a bad idea or that are looking at things more three 60 and you know, picking up the things that I'm missing. Yeah. So do think it is vital to have a mentor. I don't thi

[arve url="https://www.youtube.com/watch?v=tabotFFmMbE" mode="lazyload" align="center" /] We talk a lot about building and renting out a granny flat, but how much passive income do granny flat's actually spin off and how long would they take to pay themselves off completely? Get Access to Property Tools - https://propertytools.com.au/ 0:00 - Introduction 1:28 - The overview of the big numbers 3:05 - Looking at the rental yield and cash flow 5:39 - What if we did a principal and interest loan 7:33 - How long will it take for the granny flat to pay itself off? 10:33 - What if interest rates were 1% less? 12:20 - What if we paid an extra $500/month onto the loan? Book a Free Strategy Session - https://onproperty.com.au/session/ Recommended Videos Granny Flat With a 12% Rental Yield - https://www.youtube.com/watch?v=z1A1j97r1ho Transcription: We talk a lot about building and renting out a granny flat in the two properties to financial freedom strategy, but how much passive income can a granny flat actually produce? So how much positive cashflow does the granny flats spin off? And then also how long is it going to take to completely pay off this granny flat assuming that the granny fights just going to pay itself off. That's what we're going to look at in today's video. Hey, I'm Ryan from on-property, helping you achieve financial freedom. And sometimes it's really fun to crunch the numbers and to see how adding a gray fat affects our cash flow and our passive income are positive cash flow. But also if we were to build a granny flat rented out, how quickly would that granny flat be able to pay itself off so that money can go into our pocket? So we're going to jump on the computer and look through a bunch of figures today. I think it goes without saying that this is not to be considered financial advice will be looking at just a rough example and I'm guessing I've created a spreadsheet that can kind of predict the future with this, but obviously there's so many changes that you can't predict. Things don't always go according to plan. So this is not to be considered real life example. This is just for us to play with the numbers, get a rough idea of how things might play out if we were to invest in a granny flat. Okay, so generally speaking, um, I've got this spreadsheet here, women talking about the two properties to financial freedom strategy that we're talking about purchasing a house for around $400,000 with rental income around four 20 per week and a granny flat purchase for around or build for around 120,000 renting for two 80 per week. In this example, we just want to go ahead and look at the granny flat. So I'm going to put the house price at zero and the rental income for the house at zero, that will isolate it. So we're just looking at the granny flat and I'm also going to go across to property tools.com day you now this is a cashflow calculator. I created it myself years ago. You can get access to it as well for a small monthly fee if you want. And what you do with this calculator, I'll go ahead and reset it so you can see from the start, but basically we can put in the purchase price. So in this case it's the build price, which would be 120,000 we can put in the rental income, which is to 80 you can also adjust the interest rate. So interest rates might be 5% they might be 4% they might end up going up over time and be 7% and so as you can see the weekly cashflow before tax here adjust as you adjust these sort of things. Maybe we could rent it for 300 per week. Then that would increase our cashflow there as well. So this is a pretty fun tool to use. You can check [email protected] dot. EU, if you want to sign up really cheap monthly fee to sign up. So let's just use our example of 120,000 renting for two 80 per week. What is, oh, we can see the rental yield is just over 12% for that. I think me and Simon and crystal did a walkthrough of a granny flat that a client has actually built. I'll go ahead and link that up in the description down below, but I do believe they were getting over a 12% rental yield for that one. So this is actually something that is plausible and potentially achievable. So if we just look at, let's say it was interest only at 5% you probably be doing principal and interest because especially at the moment, you tend to be able to get cheaper interest rates if you do a principal and interest, but an interest only, you would be getting $74 and 20 cents per week roughly in positive cashflow after building the granny flat or it will improve your annual cashflow by about $3,858 so by building a granny flat, you're improving your cashflow by around that $4,000 mark. And in terms of cash on cash return, so if we're looking at a 20% deposit that's investing $24,000 of our own money, and what return are we getting for that 24,000 we put

[arve url="https://www.youtube.com/watch?v=TPuX7B6BPFY" mode="lazyload" align="center" /] In this episode of Quick Money Mondays I talk about my 7 step plan to get on top of and pay off my debt in the next 12-24 months. 0:00 - Welcome to Quick Money Mondays 0:38 - Step #1: Don't Get Deeper in the Hole 1:38 - Step #2: Reduce My Expenses 4:09 - Step #3: Prioritise My Debt 5:57 - Step #4: Create a Cash Flow Plan 7:36 - Step #5: Work Hard To Increase My Income 10:38 - Step #6: Create a Cash Flow Buffer 12:24 - Step #7: Methodically pay off my debt Recommended Videos Paying Off Debt vs Investing Money - https://www.youtube.com/watch?v=eicozV3mK0k Transcription: Hi everybody and welcome back to another quick money Monday where we talk about finance and money because we absolutely love it. I'm Ryan from on-property, helping you achieve financial freedom. And one of the things that you may need to do to achieve financial freedom is pay off debt. And that's something that I'm focused on this year, maybe into next year as well. And so in this episode I want to talk about exactly what I'm doing and the process that I'm taking in order to pay off my debt. So I've kind of written it down step by step the way that I decided to go about it. So the first step is not to get deeper in the hole. So when it comes to paying off debt, my number one goal is to not acquire any more debt in the process. So to be earning enough money and be living within my means that are not using debt that I'm acquiring in order to pay for old debt that I have. So I want to live within my means. I want to not be expanding my debt and then I want to have excess on top of that in order to pay off debt from the past. So step number one is definitely to not get into any more debt. And so that's a really big part of my process and something that I'm really, really focused on and doing everything within my power to not do that. So that means no credit cards, no personal loans, no business lines, no anything like that. So we're not going to get into any more debt. We're going to just focus on living within our means and pine of the day. Step number two was to reduce my expenses. I've talked about this a few times on the channel. I did an episode with Ben Everingham on some things we did in our lives to reduce our expenses and to improve our budget. I'll link that up in the description down below, but the me reducing my expenses is absolutely key for step number one, which is to not get into any more debt. So I run a business, I'm relying on the cashflow of the business that can fluctuate from time to time. I can have good months and I can't have bad months. I don't have a stable employee income like some people out there. So for me, reducing my expenses to the absolute minimum, both in my life as well as in the business has been absolutely key. So that means just cutting back on anything frivolous, anything that was kind of excessive that I wasn't really using. So I've lowered my phone bill. I've lowered my Internet bill and currently staying with family in order to save money on rent for the short term, I'd definitely want my own place. I wanted so badly. It is great living with my dad. My Dad is awesome, but I have three kids that I have half the time. I want them to have their own rooms. I want to have my, my own space and my own place, but short term, while income stabilizers, I'm reducing my expenses as much as possible so that the money that I would've spent on rent can now go towards paying off that debt faster. Also when it comes to day to day budgeting, I've been spending less than I earn and less than my general weekly budget. So basically been doing a lot of things, little things in my life to try and say under budget. I really should stop buying coffee and should make coffee at home. But I haven't quite got there yet. So that's probably something for this week will be stopped buying coffee cause that's probably $5 a day, $35 a week that I could be saving. So maybe coffee a couple times a week, but not every single day. But I have drastically reduced my expenses so that again, the goal of reducing my expenses is let's not get in any more debt and let's have as much money as possible to pay off debt as quickly as possible. I'm kind of someone who does things in sprints and imburse and in intense focus and I can do that for a short period of time. So I kind of want to smash this debt as quickly as possible. Step number three for me was to really prioritize my debts and to put all of my debts down on paper. So I've got different data, credit card debt, I borrowed some money from family, I've got some tax that I need to pay as well. And basically the goal here is to write it all out and to be absolutely clear on what debt I have as well as be clear on one of my

[arve url="https://www.youtube.com/watch?v=hpcxTT1iQ4I" mode="lazyload" align="center" /] The concept of "property as an insurance policy" may be one of the most important concepts you hear around property investing. This concept can allow you to invest in a low risk way, achieve your goal of financial freedom and live the life you want now Book a free strategy session - https://onproperty.com.au/session/ 0:00 - How this is different to traditional property investment advice 1:24 - How this idea of property as an insurance policy came about 4:11 - Traditional property investing advice goes like this 4:50 - The parable of the pharmacist 5:25 - What does property as an insurance policy look like? 7:40 - How this changes your investment goals 8:52 - Why this concept is SO POWERFUL 12:40 - You can still aim to achieve financial freedom as quickly as possible 14:50 - If you can understand this property investing becomes so simple 15:20 - How long is this going to take you? Maybe as little as 1-2 years 16:55 - If you found this interesting then do this Recommended Videos What it feels like to be financially free - https://www.youtube.com/watch?v=xVzvDkMpZ3k 2 Properties to Financial Freedom - https://www.youtube.com/watch?v=Pj8gLiDEz8Y Transcription: The concept that I want to share in today's episode, maybe one of the most important concepts you hear around property investing. And that's this concept of property as an insurance policy. There's a lot of content out there talking about property as a way to get rich quick, achieve wealth achieved financial freedom. Heck, I've even created a lot of it, but a lot of that requires you or expects you to continually work and continually strive until you reach this defining point in your life where you're either wealthy or you're financially free, and then you can stop. That's going to take an extremely long period of time and life is short, but property as an insurance policy, as an powerful, powerful concept that can allow you to invest in a low risk way, achieve your goal of financial freedom, but also live the life that you want. Now. So there's some pretty big claims that I've made about this episode, but let's get into it and then you can decide at the end whether or not you think this concept is as powerful as I believe it to be. Hi, I'm Ryan from on-property, helping you achieve financial freedom. You can check out everything I do over on property.com. Dot. Aau. Don't forget to subscribe as we weren't new videos coming out every single week day. So this idea of properties insurance policy actually came about a little over a year ago where I was having a conversation on the phone with Ben Everingham who's the buyer's agent from pumped on property. Likely if you follow the channel, you know who Ben is. We do a lot of content together and we're actually friends outside of work as well. So he had called main cause sometimes he likes to get my opinions on things and he was looking to completely revamp his property portfolio. So Ben's quite a successful investor at this point in time. His property, he wasn't delivering him the cashflow that he wanted or that he would need if he stopped working, he wouldn't actually be financially free from the cashflow. So he was a bit stressed about that, called looking at selling a bunch of assets, rebuying different assets in order to get that cashflow fast up. And so I started having the conversation with him and I asked him a couple of simple questions. The first question I asked him is, do you want to stop working? Do you need this income now? And the answer was no. He's really passionate about his business. He loves helping people find and invest in property and achieve financial freedom themselves. He was really enjoying it at this point in time. He still is. And he said, no, I don't want to start working. Even if I was financially free through my properties, I would still keep working. So okay, that was question number one day on question number two, which was the really important question. And that was with your current portfolio, it's not delivering you the results of financial freedom right now, but if you did nothing, and if you just left that, because I think at the time whose properties were positive cashflow, if you just left it, would they go on to pay themselves off and eventually give you the cashflow that you desire and the passive income that you desire? And he thought about it and the answer was yes. So he doesn't want to stop working now and if he just leaves his proper portfolio, it's working for him. It's growing, it's paying off debt, it's going to go on and achieve the result that he wants. And so I said to him, I said, Ben, your investment portfolio is just an insurance policy in case something goes wrong with your business, something g

[arve url="https://www.youtube.com/watch?v=Ncqw2dhqw3U" mode="lazyload" align="center" /] The mid cycle slowdown is a point where asset prices around the world are priced in and we start to get a wobbly market. We can also identify some potential trends and effects it has on the Australian property market Book a Free Strategy Session - https://onproperty.com.au/session/ 0:00 - Mid cycle slowdown introduction 1:14 - What is the 18-20 year cycle 4:17 - The difference between a mid cycle slow down and GFC style event 6:05 - Why it is important to know about the mid cycle slow down 7:23 - After the mid cycle slow down does Brisbane historically do better? 12:01 - This is just one indicator of many you should look at before investing 12:51 - How can we take advantage of the mid cycle slowdown to move towards financial freedom? 16:14 - Then overlay your strategy on top of these cycles 19:07 - Using timing the cycles to reduce your risk significantly 21:11 - Ben's personal investment strategy 22:53 - Look for these 3 things when investing in an area 24:01 - Brisbane is cheaper to buy now than it was 10 years ago! WTF?! 25:29 - Reducing your downside risk so you can achieve financial freedom 26:54 - Stop trying to get lucky in order to achieve financial freedom 28:26 - Looking at what you can control in your investing and life 31:37 - Next steps if you want to start investing Phil Anderson's Book: The Secret Life of Real Estate and Banking - https://onproperty.com.au/thesecretlifeofrealestateandbanking Fred Harrison's Book - https://amzn.to/2SYV5De Transcription: For those of you who haven't heard about this concept of the mid cycle slow down, it's effectively these points that we've been in for about the last six months where asset prices around the world are fully priced in and we start to get a bit of a wobbly market. Maybe it's a stock market, maybe it's the crypto market, maybe it's the property market. So today's video, Brian and I are from on property. You're going to explain exactly what that is and Ryan just going to ask me a couple of questions about it. Yeah, so Ben has always yammered on about the mid cycle, slow down and about Phil Anderson and the 18 year cycle and always recommended me his book. And given that it's only an audiobook format, I still haven't read it even though I should, but I know that we're entering into this time in the market where it is what [inaudible] would call a mid cycle, slow down. I don't know as much about it as Ben does. So I thought it would be a good chance to ask Ben some questions, get some ideas on what exactly is a mid cycle slow down and how does it affect markets? Because I know me and knew Ben have had conversations off camera about how Brisbane tends to do well after the mid cycle slow down, whereas Sydney and Melbourne tend to do well before the mid cycle slows down. So we'll talk about that sort of stuff as well. So do you wanna start by talking about what is the, I don't know, 18 year cycle and how does a mid cycle slowdown and fit into that? What are the other parts of the cycle? Yeah, so the cool thing about the world and the property market's economies, businesses, governments is they all work in these cycles. Sometimes things are good and going up sometimes seem to bad and they're going down in every single asset in the world runs in a cycle. Now some guys like Warren Buffet and Ray Dalio save it is, you know, seven to 10 years. So I called some other people like Phil Anderson and Fred Harrison's. Say that there's a, you know, more 18 to 20 year cycle, which is effectively just two of the Warren Buffet, 10 year cycles in play. Now all it is is effectively we have a recession or a great depression or a GFC all like the 1990 [inaudible] recession. We had to have all the great depression and a lot of the money leaves the marketplace and things get really, really, really cheap and depressed. And then what happens is governance around the world and bank style pumping money into the economy to try and get things stimulated again and over that seven or eight years of pump priming, they call it the market goes up around the world. Land prices go up, stock markets go up, crypto and crap like that goes up. And then we get to this point where all of that cheap money has gone into the economy and things are starting to turn again. Businesses, a good unemployment rates are low and then the banks generally because of pressure from the governments around the world go, Holy Shit, we've overleveraged ourselves a little bit. We need to take the foot off the gas and then they start increasing interest rates a little. They started making it harder to raise to get money like that had did in Australia for the last two years and then all of a sudden, you know because of the money stops things go a little bit flat or in the stock market basi

[arve url="https://www.youtube.com/watch?v=FDIiQVwU8tQ" mode="lazyload" align="center" /] I was out for drinks the other night and a listener of the show came up and said hello and we had an awesome chat. In this video I talk about that chat as I feel our discussion may be useful to some people out there. 0:00 - I got approached in a bar by an On Property listener 1:00 - They were a bit stuck trying to buy an investment property 2:00 - Sometimes a mortgage broker will only give you one solution to a problem but there are other possible better solutions 4:35 - They had the potential to build a granny flat on their existing property 9:07 - If you ever see me out feel free to come and say hi 10:25 - Maybe we can do a property meetup in future Recommended Videos: Property Investing As An Insurance Policy - https://www.youtube.com/watch?v=E-66pdMRtoc Financial Freedom Won't Happen Unless You Take Action - https://www.youtube.com/watch?v=a5lp9Tf_uCU Transcription: Sells out having drinks the other night. And someone came up to me and said, Hey Ryan, I know you from online and I know you from on property. Can I sit down and have a chat? And it was really awesome to have a chat with this person about their financial situation, about what they're trying to do. And I kind of wanted to share this with you guys cause I thought it was a really interesting conversation. Now I won't say who it is because obviously I want it on a privacy and things like that. But I'm sure if you're listening to this, you'll know who you are. If you guys ever see me out in public, feel free to come and say hi. I always love to meet people and have conversations. As I've mentioned in other videos, I love talking about money. So if someone comes up to me and they're like, I know you from on property and we get to talk about property, we get to talk about money, we get to talk about finance, then that's just gonna make my day. So if you see me, feel free to come and say hi. So basically having beers, we sat down and chatted for about 10 or 15 minutes and just this person laid out their situation with me about how they are looking to purchase an investment property, but they got stuck in order to get lending. So they already owned one property, they own their own home and they're on this journey where they want to do the two properties to financial freedom strategy or they want to do a version of that and then want to start building up their passive income through investing in property. But they were kind of stuck in terms of getting lending. They had just had a child as well. And so obviously as you have kids and it makes it harder, but what was really cool about this situation was how we're able to look at some ideas of potential ways that they could move forward. Maybe not right this second, but when the partner goes back to work, then they may be able to get lending despite the fact that the mortgage brokers said they couldn't borrow money unless they earn x amount of dollars. And this I think is really important for everyone out there to think about as well, because sometimes you'll go to a mortgage broker and you'll lay out your situation and you'll lay out your goals. They will then interpret that and tell you a yes or no, yes you can borrow or no, you can't borrow. It's often very important at that stage to say, what do I need to do in order to be able to borrow? And they were given an answer that is who you need to earn x amount of money that exceeded what they were able to do. And so they felt stuck, but there was actually other things that they could try as well. So it's very important that you find a good mortgage broker and that you looked down different avenues as well. So you kind of mortgage brokers don't really give you the answers into all of the different things that you could do that might give you the most obvious one that is not actually achievable. But yeah. So let's talk a bit more about this conversation. So they owned, they own their own home that they were living in at the moment and there were actually looking to purchase another property that was going to be another home that they were going to live in. So they were moving towards actually moving house into this new property. So the first thing to look at when you speak to your mortgage broker is to assess whether or not lending requirements or how much money you can borrow is going to be different, whether you're borrowing to buy your own home versus borrowing to buy an investment property. So given the APA guidelines, it can actually be harder for investors to borrow money rather than poor people borrowing money to buy their own home. So you need to speak to a mortgage broker about this. I just got something in my eye. He need to speak to a mortgage broker about this because they will know the ins and outs of it, but it can be very

[arve url="https://www.youtube.com/watch?v=eicozV3mK0k" mode="lazyload" align="center" /] When it comes to trying to improve our cash flow position and trying to achieve financial freedom is it better to pay off debt or invest money? Which is going to be the better option for you? 0:00 - Introduction 0:28 - I love love love talking about money 0:55 - This is something I'm wrestling with in my life 1:50 - How does paying off debt vs investing affect our cash flow? 3:14 - Thought experiment using $100 to pay off debt vs investing 5:45 - Investments have potential unforeseen upside, but debt doesn't 7:48 - What I'm focusing on this year 8:50 - The bigger the numbers get the more significant the decision is 10:24 - Don't only think about money logically 10:57 - What do you think you're going to do? Recommended Videos: Saving Money vs Making More Money - https://www.youtube.com/watch?v=NFXMGtscAyo Transcription: When it comes to trying to improve our cashflow position and achieve financial freedom, often we still have some debt in our lives. So we want to invest, we want to grow our wealth, grow our passive income, but we also want to pay off our debt. So it's a better to invest our money or is it better to pay off our debt? That's what we're gonna be talking about in today's quick money Monday episode. Hey, I'm Ryan from on-property, helping you achieve financial freedom. And every Monday we sit down and talk about a new money concept because I love talking about money and there's a lot of people out there who love talking about money, but there's a lot of people who don't and you might not have anyone in your life that you can talk about this stuff with. So just feel like we're having a chat today to talk about these concepts around, is it better to invest or is it better to go ahead and pay off your debt? And this is something that I'm wrestling with and thinking about in my life as 2019 is going to be a big year of getting Alison debt that I accumulated through some stuff I went through last year. So getting out of debt and getting in a position where I can really begin to build my wealth again and work towards a financial freedom. So we then do some thought experiments today, look at the pros and cons of paying off debt versus investing. Look at how can it, how it can affect our cashflow. And there's some really interesting things in there that you might not have thought about or might not expect and how dramatically different scenarios can basically double your cash flow benefit. So we're going to look at that and then obviously you can decide what's going to be best for your life. This is for general educational purposes only and not a financial advisor. So you do what's best for you. Speak to professional if you want to about this sort of stuff. So let's get into the thought experiment about the benefits in terms of our cashflow for paying off debt versus actually investing the money. And for me, when it comes to making financial decisions, I'm all about the cash flow effect that financial decision has. I think this comes from listening and reading so much Robert Kiyosaki and understanding that in order to be financially free, you need more passive income coming in than you have expenses going out. So the way to move towards financial freedom is to grow the passive income, but at the same time, reducing those liabilities and reducing those fixed costs in your life so that you have less than you need to pay for. So for me, when it comes to thinking about debt reduction versus investing, it's a lot less about my net worth or about like how much money I have in the bank or how much equity I have or how valued I am. I achieved pseudo financial freedom. I had a couple of years where I didn't need to work and I basically didn't have assets like a big chunk of cash or anything like that. I had businesses that were spinning off money, but I didn't. Yeah, so I'm not all about that net equity position sort of thing. I'm all about the cashflow of effect. So that's how I make decisions. That's going to tint how I look at things. So just take all that with a grain of salt. If you prefer more about growing your net worth, they are. I like to look at the cashflow effects. So let's have a think about this. So let's say we have a hundred dollars spare that we could use to invest or we could use to pay off debt. Well, let's have a look at how that's going to affect our cash flow. So let's say we take that hundred dollars and we use it to pay off debt. For this circumstance. I'm going to say that the debt is costing us 5% per annum. I know a lot of you out there, we'll have credit card debt. You're talking 1318 22% or maybe personal lines where you're being charged more than 5% but for this example, we&#039

[arve url="https://www.youtube.com/watch?v=08oBO2C-5_4" mode="lazyload" align="center" /] Cash flow is more valuable than we give it credit for. Lately times have gotten tough and the passive income and cash flow from my businesses has really saved me. 0:00 - Introduction 0:40 - About 3 years ago I achieve pseudo financial freedom 1:14 - My unfortunate circumstance 2:00 - Passive income gave me time and allowed me to avoid a dire financial position 3:02 - Imagine if I was negatively geared instead 4:30 - Life doesn't always go to plan and our investing needs to take that into account 5:38 - Potential "Downside Life Risks" 7:00 - When investing always think about your cashflow position 7:58 - Passive income gave me 6-12 months to solve my financial problems 9:52 - Cash flow is more valuable than we give it credit for 11:16 - Cash flow is totally under rated Recommended Videos Saving Money vs Growing Your Income - https://www.youtube.com/watch?v=NFXMGtscAyo I Lost Thousands in Crypto Currency - https://www.youtube.com/watch?v=6msFDDC1mEo Transcription: Passive income and positive cashflow can be extremely underrated when it comes to investing in property, investing in businesses and stocks in Crypto, whatever it may be that you're investing in. And recently I've experienced how valuable passive income can be in your life. And so in today's episode, I want to talk a little bit more about the value of passive income. Talk about how life doesn't always go to plan to get you thinking when you're investing in your next property or whatever it is that you're looking to invest in next, potentially looking for that passive income opportunity. Hey, I'm Ryan from on-property, helping you achieve financial freedom. And about two or three years ago, I achieved what I call pseudo financial freedom. So it was financial freedom in that my businesses were earning enough money that I didn't really need to work. I just worked a little bit and you see that over the last couple of years, my video's really tapered off. I didn't really do that many. Now I'm in a position where I need to work more in order to earn more money and grow my passive income again. So I had a couple of years where I didn't need to work. Then expenses went up, business went back a little bit. So I'm now in the position where I'm working in getting. But last year had the unfortunate circumstance that me and my wife Kelly decided to separate. Now with that comes a lot of expenses that we weren't really anticipating in our lives. I had also invested in cryptocurrency and lost thousands of dollars in that. So basically last year, financially was definitely not the best year for me and basically got into a position where I started acquiring debt in order to stay afloat. But also at the same time, passive income really came through for me. So my businesses, the way that I grow my online businesses is that I create businesses that spin off passive income. So I do the work for these businesses, but then they generate income into the future. And so one of the things that's been so good about these businesses over the last few months as as things squeeze as things got really tight, is that yes, I did get into a bit of debt, but also I could really cut back on my expenses and I still had the passive income coming in. So basically I was not in a dire financial straight, straight away. I was in a position where, okay, things are looking bad. It's a short term squeeze here. I know I can work my way out of this position. I know that I can increase my income. I know that at any point if I need quick cash, I could go and get a job, but I have passive income coming in. So simply by reducing my expenses, I'm currently in the garage at my dad's place. I'm staying at my dad's in order to save on rent until my income builds up again and I pay off some of that debt. But yeah, I can reduce expenses and the passive income can really carry me through. Now, let's flip the script on this and imagine that I was going through the same circumstance, but I had invested in negatively geared properties, so properties that were costing me more money than they were making me and that I needed to pay in order to keep them afloat. So I was in that situation whether the properties were costing $100 per week or maybe $500 per week or whatever it may be, and I had the position where I'm going through this difficult time financially as well as business was going backwards to a imagine. If I had these properties that were demanding, then I need to pay extra money in order to keep the mortgage afloat. Now this is a very different circumstance that I would find myself in where the assets in my life actually holding me back in times of trouble and actually causing me more stress, more anxiety, and causing me to likely be in a worse financial po