On Property Podcast

[arve url="https://www.youtube.com/watch?v=RVT0n9yn5kk" mode="lazyload" align="center" /] It took me a long time to create a budgeting method that actually worked for me where I didn't feel trapped. In today's quick money money I talk about the idea of a weekly discretionary budget. 0:00 - When other budgeting ideas don't work 0:45 - Yes I do spend money on Lattes 1:11 - How the weekly discretionary budget works 4:46 - It's a very freeing way to do budgeting 5:25 - Growing wealth outside of this budget 6:41 - Taking it to the next level to make it easier 8:58 - I find it less restricting than a regular budget Recommended Videos: The Barefoot Investor Bank Accounts Explained - https://www.youtube.com/watch?v=YMKss1bLycw Transcription: In today's episode of quick money Monday, I want to talk about the dreaded b word budgeting and this idea of weekly discretionary income that me and my then wife Kelly came up with that helped us budget when all of the other budgeting ideas didn't really work for us. That's what we're going to talk about as I drive to go and get my morning coffee, so if you know anything about me or follow me on Instagram, which you should add, Ryan Mcclain and I, C l I n e, then you know that I absolutely love my coffee. So I live in Granola. There's lots of great coffee. Shops were my favorite is about five to 10 minute drive away, so I'm actually driving that CFI coffee. I like it so much and yes, I do spend money on coffee. I do spend money on lattes and this is what I want to talk to day about, which is this idea of weekly discretionary income. So there's a lot of different ideas on how to budget out there. There's a lot of ways that work for some people. I tried the envelope method, we tried tracking things through apps on our phone, all of that sort of stuff, and none of that really worked for us and it wasn't until we came across this idea of having a weekly discretionary budget that things started to click. So the idea behind this budget is that you look at the regular expenses in your life, so you look at things like your phone bills, your Internet bills, your electricity, your health insurance, your cars, all of that sort of stuff that you kinda have to pay for on a weekly or monthly basis. Rent would go into that as well. You look at that sort of stuff and you put it on a spreadsheet and you look at how much money that is costing you and then you set aside that money automatically every week, every fortnight, every month, whenever you get paid, whatever works for you. So whatever is regular in your life, in terms of finances, you go ahead and you automate that. So when you get paid, you put enough money aside that's going to pay for that. You don't have to think about it if you want to save money on those things and you do that as a one off. Yeah. And then after you've done that and worked out, okay, well how much money do we need to spend each year for those regular things like rent and stuff like that. You then look at what's left over and that's what we would call our weekly discretionary budget. So this is for things that might change every single week. So groceries going out for food, going out to the movies, entertainment, even petrol and things like that would be kind of discretionary each week. So some weeks you might spend more on petrol than other weeks because you're driving more. Some weeks she might spend more on groceries because you're eating at home or other weeks you might spend less on groceries because you want to go out or you want to buy a case of beer or something like that. And so the idea here is that with those sorts of things, we found it really difficult to categorize those. So with the envelope method, you're meant to, you know, put aside $150 or whatever it is for groceries and you have that $150 for groceries. But then what would happen if we wanted to spend $200 on groceries and not go out that week or what would happen if we only spent $100 on groceries because we did go out that week and so it will get really frustrating with the envelope method where we'd be always stealing money from other envelopes to pay for extra petrol, whatever it may be. So I liked the idea that you then have a budget each week, whatever amount of money you set for yourself to then live within that budget for the week. So you go ahead and you automate everything in your life that you can. So you find those, you can send stuff like that. You then have a weekly discretionary budget which he could do fortnightly or monthly as well. And then you decide how you spend money that week. So often mine changes over on Sunday. So Sunday's a fresh day for me. So if I get to Saturday and my petrol starting to get a bit empty, but I want to go out that Saturday night, well I might not fill up my tank on Saturday, I'll wait until Sunday into a

[arve url="https://www.youtube.com/watch?v=Mas5DBxAWgc" mode="lazyload" align="center" /] What if you could lock in your financial security in just 2-3 years? It's actually possible with the 2 properties to financial freedom strategy. Free Strategy Session - https://onproperty.com.au/session/ 0:00 - Lock in your financial freedom in just 2-3 years 0:50 - The 2 Properties to financial freedom strategy 1:45 - There are variations on this strategy 2:10 - How do we lock in financial freedom in just 2-3 years? 3:25 - Coffee break moment 4:00 - The core concept of this investment strategy 5:40 - You don't have to stop at 2 6:36 - The work is really all done in the beginning 8:48 - The next 15-25 years become about paying off those properties 11:09 - You can continue to invest to speed things up 12:13 - You don't have to work for 45 years to get financial freedom 14:08 - If you need help implementing this strategy Recommended Videos 2 Properties to Financial Freedom Strategy - https://www.youtube.com/watch?v=Pj8gLiDEz8Y Transcription: How would you like to hear about a property investment strategy where you can secure, you can lock in your financial freedom in just a couple of years work? Now, this sounds like a sleazy sales pitch. It's not okay. I want to talk about the two properties to financial freedom strategy, which almost anyone can implement and you're not going to achieve financial freedom at the end of those two to three years, but you're going to lock in financial freedom for the future so you work hard for a couple of years, secure the properties you need, and those properties will then go and do the hard work for you to achieve financial freedom. So we're going to look at that in today's episode. Go into some of the details and try and get you to understand this concept and consider it for your own investment journey. Hi, I'm Ryan from on-property condo. You helping you achieve financial freedom. And this idea came about about a bit under a year ago now. It's called the two properties to financial freedom strategy. The idea behind it and the key concept behind it is that you invest in properties that pay for themselves so you're getting more income than you're paying in rent, so positive cash flow properties, they pay for themselves, but they also pay themselves off so you're investing in the property, you're getting rent from the property, they're paying the expenses, but they're also paying off the debt and over time those properties will eventually pay themselves off completely, and when that's done, then that income can go into your pocket, so the two properties to financial freedom strategy as you purchase two properties build to granny flat, so you've got four income's been a positive cashflow situation, and then just focus on pain. Those properties off as quickly as possible. That's going to give you a baseline level of financial freedom. Once those properties are paid off and the money goes into your pocket, now you can do this differently. You don't have to do two properties to granny flats. You could do it with just single unit properties like not single units, but just single houses that you buy. You hold, you pay off. You don't have to build the granny flats. You could do it by investing in units. You could invest in blocks of units, you can invest in commercial property, but the basic idea is that you purchase property that is positive cashflow that then goes ahead to pay itself off and so how do we get the two to three years or maybe two to five years of work in order to lock in our financial freedom will. The idea here is that you spend a couple of years working hard maybe in a job that you don't completely love, but that pays well, but you spend that time working hard, being frugal, saving a deposit, researching the market, and actually actively investing in property so actively being out there looking at properties and purchasing properties, so you spend one, two, three, maybe five years to acquire those two properties. That's the hard work. You want to acquire the two properties. You want to build the granny flats, but after that, after he purchased the properties and build the granny flats, if those properties are positive cashflow, then the hard work is done. Okay? Because then those properties and now they're self contained to entities that are paying themselves off, so you don't need to be extremely actively involved with them anymore. You've got a property manager who's managing it. You need to do some work to manage the income of those properties, do maintenance and stuff like that, but you don't need to be actively saving, actively researching the market, actively investing. In order to achieve financial freedom. Let's just have a sip of this coffee because this is an intense idea and then we'll

[arve url="https://www.youtube.com/watch?v=RsujqjiDkV4" mode="lazyload" align="center" /] To help me with my finances I'm going to be reading 10 personal finances books this year. Here are the books I plan on reading, hopefully, I will get some great stuff out of them. 0:00 - Introduction 1:10 - Rich Dad Poor Dad - https://onproperty.com.au/richdadpoordad 1:54 - Barefoot Investor - https://onproperty.com.au/barefootinvestor 2:45 - Retire Young Retire Rich - https://onproperty.com.au/retireyoungretirerich 3:22 - Total Money Makeover - https://onproperty.com.au/totalmoneymakeover 3:59 - The Intelligent Investor - https://onproperty.com.au/theintelligentinvestor 4:25 - The Millionaire Next Door - https://onproperty.com.au/themillionairenextdoor The Richest Man in Babylon - https://onproperty.com.au/therichestmaninbabylon 4:46 - The Millionaire Fastlane - https://onproperty.com.au/themillionairefastlane 5:43 - Fooled by Randomness - https://onproperty.com.au/fooledbyrandomness 6:16 - Unshakeable - https://onproperty.com.au/unshakeable Recommended Videos The 12 Best Personal Finance Books That Will Change Your Life - https://www.youtube.com/watch?v=QSAtYQb82tU Transcription: 20 19 for me, it's really year to get on top of my finances to start building out the business again, to pay off debt, to start saving a deposit for a house, so in order to help get my finances in order and to help make 29 to year the best year yet I'm going to be reading it at least 10 finance books this year. As you may know, I read a lot of books last year. I think I read that 76 books or something like that. Adding 10 finance books into the mix probably won't be too hard for me. Most of them I do through my phone through audible when I'm in my car and driving like this, just parked on the beach at the moment. Having my morning coffee. Let's get into it. 10 finance books that I'm going to read this year. In each of these books I will be doing like reviews and summaries on all of the links to all of these books in the description down below from Amazon.com.edu where you can buy them. So if you want to buy these books and read along with me, then you can their affiliate links in the description down below. So if you do purchase through that, I get a small commission which helps out the channel. So thanks for doing that. Let's get into it. Number one is rich Dad, poor dad by Robert Kiyosaki. Now I reread this book last year. Uh, it's not that long of a book to read, quite an easy one to read, but I remember reading it last year and getting quite a lot out of it and I want to do a summary for the channel to talk about some of the big concepts in there that I really liked. So Rich Dad, poor dad is my first one. I probably, I can't imagine that I'm going to get crazy life changing stuff out of the book that's going to dramatically impact my finances in 2019. But some of the concepts in there are so good that I just want to reread it and want to share it with you guys. So that's more for the channel then for me personally. The second book is another reread and that's going to be the barefoot investor by Scott Pape, so I read this one, wasn't started last year or something like that, and change the entire way that I did my banking that I managed my bank accounts and it's had a really positive impact on my life. There's a bunch of stuff in that book that I haven't done yet, so I haven't done the retirement strategy. I haven't done the superannuation strategy, so there's a bunch of stuff that I need to implement. So rereading this book, putting the analysts action points and implementing them in my life to set myself up for the future is going to be really important. So this one I've kind of got the money management stuff out of it. This will be more for superannuation, more for longer term investing sort of stuff. So that's number two, barefoot investor number three is retire young, retire rich. Now this was the very first Robert Kiyosaki book that I ever read that completely changed my mindset about how I was going after financial freedom and how I to achieve it, and that's part of the reason that I pursued online income and I pursued creating passive income online rather than creating a business that makes a lot of money but requires a lot of work. Was this book. So this book got me started down that path. I haven't read it in an extremely long time, so I'm really excited to revisit this book again in Twenty 19. The fourth one. I'm not going to lie and not very excited about reading this one. And it's Dave Ramsey's total money makeover or no, I don't get good vibes from Dave Ramsey. I don't know what it is about the guy. Um, but from what I've seen on youtube are not on me and him on kindred spirits. I don't think. I don't know. I used to think that

[arve url="https://www.youtube.com/watch?v=hBhjDynX77M" mode="lazyload" align="center" /] In today's episode of Quick Money Mondays we are talking about getting financial beliefs that serve you and help you achieve financial freedom. 0:00 - Our beliefs shape us 1:20 - An example from Robert Kiyosaki 4:18 - Are your beliefs useful? Recommended Videos: Saving Money vs Making Money - https://www.youtube.com/watch?v=NFXMGtscAyo Transcription: Hi everyone and welcome back to another episode of Quick Money Mondays where we talk about interesting money, concepts and weeds, flora together to try and challenge your mind and open up the possibilities for what you can do financially in your life. Hi, I'm Ryan from on-property dot com dot a u helping you achieve financial freedom. They've got a really interesting and bizarre one today. Actually can't remember where I got this idea from, but it definitely happened in the last week in either came from a podcast, a youtube video or an audio book that I was listening to actually know. It was a youtube video and it was this idea of your belief system and how you can change any belief in your life. That's kind of cool, but the concept that I want to talk about today is this idea that rather than asking yourself, is this belief that I have true? Ask Yourself, is this belief that I have useful to my life? Because often you know the saying if you think you can, if you think you can't, you're probably right. Often we have belief systems that if we change them, even if they're not actually true, we'll probably make our life better. So I'm going to give an example of this from. Again, we're going to pull from Robert Kiyosaki because one night, and that's this idea of what is an asset. So is this belief true? Would be an asset is anything of value. Basically if you look in the Oxford dictionary, it's going to set. Let's do it. Let's look in the Oxford dictionary. Okay, so an asset according to Oxford is a useful or valuable thing of person and it's usually used to talk about an item of property owned by a person or company regarded as having value and available to meet debts, commitments, all legacy. So assets are things that seem to have value. But Robert Kiyosaki, he redefines assets and he says that assets are things that produce income or pay you and liabilities are things that costs you money. And so rather than looking at the world as in an asset has value and a liability is a debt. Look at things in terms of their cashflow. Only because that's going to help you move towards financial freedom and faster so the way Robert Kiyosaki defines an asset and this belief of what an asset is isn't technically true. So Robert Kiyosaki, you got into a lot of flack because he said your house is not an asset, whereas technically your house is an asset because it's a thing of value. People in society, value houses so you could sell it if you want it to, so technically it is an asset, but Robert Kiyosaki, you wanted to change the conversation rather than looking at value and things holding net worth, he wanted to change the focus to the cashflow situation to get you to start earning passive income and to achieve financial freedom. So in that aspect, redefining asset in a way that's actually false. Redefining your belief to a more useful belief is actually going to give you a better life. So by relooking at things than and saying an asset is something that produces income. Then you can see that your house isn't an asset because it still costs you money. Even if you fully paid it off, then you still got to pay water rates, electricity, pay the council rates and things like that, so it's still costing you money. If you were to rent that house out and it became positive cashflow, then that house will change from a liability into an asset. But whether or not it's income producing at the time is whether or not you would define it that way. So this is a really interesting way to redefine your beliefs and look it. Look at whether or not this belief is actually useful in your life. Now, what Robert Probably should have done, rather than using the word asset, is to make up a new word called [inaudible], loompa or, or whatever, and you could start to talk about things in using these new words that would mean an income producing item. Um, but he didn't do that. But it's just really interesting in life. It's like those beliefs that you believe are true, they may or may not be true, but actually assessing their beliefs in your life and saying, is this belief useful? And do I want to keep it? Is it serving my life? Is it serving my purpose? Is helping me move towards the life that you want so you may have a belief that you know rich people are lazy or rich people are greedy and you can stick with that belief, but that's probably going to hold y

[arve url="https://www.youtube.com/watch?v=RuTp7Z_wIko" mode="lazyload" align="center" /] When it comes to achieving your goals through investing in property you first need a strategy that lines up with your goals. Here is a step-by-step guide on how to create your ideal property investment strategy. 0:00 - Introduction 1:16 - Why creating a strategy is so important 2:29 - Step #1: What is your financial goal? 4:35 - Step #2: Which investment vehicle is going to get you to your goal? 6:27 - Which strategy within that investment vehicle suits you best? 8:52 - Where are you now and what's your next steps to get you to your goal? 11:11 - What changes do you need to make to implement your strategy? 12:11 - Reassessing your strategy or goals based on what changes you are willing to make 15:20 - Be free flowing, but have it centred in the numbers 16:38 - Find the investment strategy you are passionate about 18:02 - Summary Ben's Video - https://www.youtube.com/watch?v=yr4_GGa-HfA Recommended Videos How To Create A Property Strategy for 2019 - https://www.youtube.com/watch?v=mFTQN7dz2F0 Quick Money Monday: Saving Money vs Making Money - https://www.youtube.com/watch?v=NFXMGtscAyo Transcription: When it comes to successfully investing in property and actually achieving your financial goals by investing in property, you first need to have a strategy that mine's out with your goals and what you're trying to achieve. There's so many different ways to make money in the property market that if you don't have a clear strategy, if you don't have clear goals, then you kind of invest in this and that and it's probably going to take you longer to get to where you actually want to be. So in this episode we're gonna. Talk about how you can start creating an investment property strategy for yourself. Hi, I'm Ryan from on-property dot com dot EU, helping you achieve financial freedom. And this video is actually inspired by Ben's video, Ben Everingham buyer's agent from pumped on property who I do a lot of stuff with. I was watching his youtube channel the other day and he talked about creating a property investment strategy. So I'm going to link up to that in the description down below, but I wanted to give some of my own thoughts as well on how you can do this. I think the way he goes about it is really good, but I think I've got some different ideas. So maybe what's both of our videos and then pick apart what you prefer and you know, take the best from each of those. So creating a strategy I believe is extremely important because when you're going out to look at investing in property, when you're looking at the property market, there's just so many properties out there and there's a lot of good opportunities out there as well. There's a lot of duds too, but there's a lot of good opportunities and it's really hard to decide what you should be investing in if you don't already have a strategy. So having a strategy. The reason it's so important is that when you're on real estate.com that I knew and you're looking through the properties, you can instantly look at a property and say, is this, does this property fit into my strategy and is it going to help me achieve my financial goals? So the strategy is there to help you achieve your financial goals. You can instantly plug that property in to say, is this, does this line up with my strategy? If the answer's no, you discard it because you live in abundance. You know that there's so many opportunities out there. You don't need to look at everything, so it's just a way to filter through properties to find the properties that are most likely going to move you towards your financial goal. So when it comes to creating a property strategy, as you can say, the strategy exists to help you achieve your financial goals. So the first thing you need to do is actually have a financial goal that you are working towards and you need to decide on what that is and that can take some time and that can be difficult because you need to decide what's important in your life. Is extreme wealth important in your life? Some people set the goal of having x amount of money in terms of net worth or in terms of equity. For me, the goal has always been financial freedom. That I can do what I want with my time and that I don't need to worry about money. So the idea is that I can live a pretty basic life, a pretty happy life, not poor, but not extremely exuberantly wealthy, but that my bills are paid, that my rent is paid, that I can afford to send my kids to the school that I want afford to pay for groceries and stuff like that. So for me, freedom has always been the big goal for me. So what you decide is your financial goal is up to you. If you're really struggling at this point to come up with something, then I do beli

[arve url="https://www.youtube.com/watch?v=U8zvnJ8qy5c" mode="lazyload" align="center" /] Robert Kiyosaki's Cashflow 101 Boardgame is designed to help you achieve financial freedom, but is it worth investing in? In this Cashflow 101 review I look at what the game is like, the replay value and whether or not I recommend you buy it. 0:00 - Introduction 1:09 - How much is Cashflow 101? 1:40 - How does the game work? 2:55 - The game experience 4:56 - Do I think this game is worth purchasing? 7:25 - Summary of what you'll learn from the game Cashflow 101 Boardgame Buy on Ebay - https://www.ebay.com.au/sch/i.html?_from=R40&_trksid=m570.l1313&_nkw=cashflow+101&_sacat=0 Buy on Amazon (AU) - https://amzn.to/2HPrrMh Buy on Amazon (US) - https://amzn.to/2MNQDlc Recommended Books Rich Dad Poor Dad - https://onproperty.com.au/richdadpoordad Cash Flow Quadrant - https://onproperty.com.au/cashflowquadrant Transcription: Robert kiyosaki's cashflow one-on-one board game is a board game that is designed to teach you financial skills and teach you some skills that you need to move towards becoming financially free and achieving financial freedom in your life. In this episode, I want to talk about my experience with the cashflow one-on-one board game and whether or not I would recommend it. Hey, I'm Ryan from on-property dot com data. You helping you achieve financial freedom and this video was a request from a viewer that said, what do you think about the cash flow board game isn't worth investing in because it is quite an expensive board game. I myself love playing board games. I love cards against humanity that is absolutely hilarious. Monopoly. I actually refused to play anymore because they've just been too many fights with friends and family members over monopoly and I just get quite competitive and I have my strategy when I play monopoly. That's not really a fun strategy for everyone else. It's a strategy to try and win at everyone else's expense and so it's just. It's not good is not good for me, but what about cashflow? One-On-One isn't going to teach you the skills. Is it worth investing in because it is quite inexpensive. Board game, how much is a. let's check it out on Ebay. Okay. On Ebay I can see it's selling for around 70 to $90. Now we're going to check Amazon on Amazon it's about $140. So yeah, Ebay is probably the better option. I can link up to the board game down below if you guys are interested in it, but about 70 to $90 for this board game. Now I purchased this board game about nine or so years ago. I was really into Robert Kiyosaki's books. I still love his books today, but decided to go ahead and spend the money, purchase the board game to play with my then wife as well as my friends and signing off the board game is really quite fun to play. The premise is you pick a card and you get a job, so in that job you might be a janitor and you have a low income or you may be a doctor and have an extremely high income. So you were thinking it'd be better to be the doctor with the high income and in some circumstances that does help, but the goal of the game is to actually fully replace your income through the investments that you make. So one of the benefits of being the janitor with the low income is you don't need to earn as much money in order to become financially free and to move from the rat race onto what is it? The fast track, I think it's called in the gang and so that's the idea. You get a job, you need to invest in order to become financially free. You also get a sheet that has your assets, your liabilities as well as your income and expenses. So you need to manage that. So the first one or two times that you play the game, it's really great because you're learning how to use that sheet with your income expenses, assets and liabilities. That's really useful tool to see the money moving and how your assets effects that. It's also interesting to move around the game and to read the cards and see what investment options that are. But the problem that I had with the game is after you play it a couple of times, it becomes extremely repetitive and redundant and boring to the point where I think I played it maybe two or three times with my wife and some close friends and then some other friends of ours had purchased the game and we went to play with them and we played it in a larger group of people. Um, but it was just completely boring for me because I had played a couple of times. So there's a few core concepts in the game that are really interesting to learn, but once you learn them, the game becomes extremely boring because when you're in the rat race, basically you have different investments from memory. Most of them are property investments now it may have changed. Remember I did by about nine years ago and haven't played

[arve url="https://www.youtube.com/watch?v=NFXMGtscAyo" mode="lazyload" align="center" /] Is it better to spend your time, energy and focus on saving money or making money? Which will ultimately give you the better outcome? 0:00 - Welcome to this new series Quick Money Mondays 0:39 - I love discussing finances 1:28 - Our mind is powerful, but extremely limited. What we focus on will grow 3:07 - What if you could achieve perfection in saving money? 4:18 - Saving money you have a finite amount of improvement, making money you have a nearly infinite amount of improvement 5:02 - Giving your mind the right problems to solve...making as much money as possible Transcription: Hi and welcome to a new segment called quick money Mondays where we're going to be looking over a new concept around money every single Monday to help challenge you, help get you thinking about things differently and just have a bit of fun as well around this concept of money. Hi, I'm Ryan from on-property dot com dot a U. and in today's episode we're going to talk about saving money versus making more money. And where should you spend your time, energy, effort, attention. Should you focus more on saving money, budgeting and that sort of thing, or should you focus on making more money? I want to do these quick money Mondays because I love discussing finances. I love discussing business. I love discussing personal finance. I love discussing investing and not many people do. Most people don't like talking about money to bu topic. I used to get in trouble as a kid asking my mom and asking other people and adults, how much money do you make? And I'm still, I'm still doing it today. People tell me about their job or their business. And I, I, uh, I go a bit too intense and too many details because I just find the topic extremely fascinating. So I hope you'll join me for this new segment. I hope that you'll like it and if it's a hit then we'll keep it going. So in today's episode we want to talk about the concept of saving money versus investing money and they just set a framework around this with the fact that our human mind is extremely powerful, but it's also extremely limited and whatever we focus on, we can achieve great things in and whatever we neglect, we can achieve great things in. So if you're focusing on your business or your career and ignoring your relationships completely will then those relationships aren't going to flourish. But as soon as you focus on those relationships, they will flourish. But being able to focus on multiple things at the same time is extremely difficult. And there's a story in Rich Dad, poor dad or one of the Robert Kiyosaki books where his rich dad talks about how he does the same thing as rich as Robert Kiyosaki's poor dad or some poor person. Okay. I'm butchering this story, but just stick with me here. The idea was he was talking about people who cut coupons and people who spend their day and they spend their energy looking for great deals at the supermarket and then buying things in bulk and Richard was saying I do exactly the same thing, but rather than doing it with coupons and saving sense on whatever it is on buying or maybe saving a dollar I do with investments and investment properties, I look for great deals. I spend my time focusing on that and then I invest and purchase those great deals and if I can, I buy them in bulk. So both people are doing the same thing. Hunting for good deals. One person is saving fifty cents, one person is making thousands of dollars. So as you can say, the same activity is kind of delivering an extremely different results financially. Now when it comes to saving money, this concept is really interesting because let's say that you can achieve perfection in saving money. So let's say you're earning $100,000 per year. You can achieve perfection in saving money and save everything to the point where you're spending absolutely nothing. Well, the maximum that you could be making is 100,000 dollars per year. Now, let's say you're earning $100,000 per year and you don't focus on saving, but instead you focus on earning more money. Well, if you can own 200,000, if you can earn 300,000, if you can earn 500,000, then all of a sudden focusing on saving money becomes less relevant because you're making so much money that you have excess money, so if you focus on saving, you only have so much improvement that you can do because there's a finite amount of money that you can save before you just can't save any more. But if you focus on making money, then there's almost infinite possibilities of how much money that you can make. So that's one thing to keep in mind. Saving money. You have a finite amount of improvement. Making money, you have an infinite amount of improvement. Now obviously making money is probabl

[arve url="https://www.youtube.com/watch?v=vJmExq_W8H0" mode="lazyload" align="center" /] You can invest in property using very simple strategies or very complex strategies. In this episode we look at the pros and cons of simple vs complex property investment strategies. Book a Free Strategy Session - https://onproperty.com.au/session 0:00 - Introduction 0:59 - What is a simple property investing strategy 3:15 - It doesn't have to be one or the other, you can do both 4:59 - Pros and cons of simpler strategies 6:33 - Short term complex strategies can be super successful, but also higher risk 8:33 - Simple strategies tend to take longer to make money 9:50 - Why we are so passionate about financial freedom and simple strategies 11:40 - Property investing as an insurance policy *new concept* 13:43 - Mixing simple strategies with complex strategies 15:33 - Having a supportive environment so you can invest successful with complex strategies 18:41 - Next steps to getting clear on how to invest in property Recommended Videos 2 Properties to Financial Freedom - https://www.youtube.com/watch?v=Pj8gLiDEz8Y Transcription: When it comes to investing in property, there's so many different ways you can invest. You can invest using really simple strategies and have success things as simple as buy and hold property, or you can invest using really complex methods, things like strata titling, commercial properties and development subdivision. There's so many different ways that you can invest. We want us to talk a bit about the pros and cons of simple versus complex property investment so you can get an idea of each and decide which strategy is going to be best for you. Hi, I'm Ryan from on Property Dot Com dot a u helping you achieve financial freedom. Today I'm joined by Ben Everingham from pumped on property. How's it going, Ben? Awesome, man. Hey Don. Yeah, very good. So you've done a mix of simple and complex investing in your own portfolio. Um, I know that you've done that with clients as well. Really excited to talk today about that idea of like simple versus complex. What's good, what's bad about each? So people can decide what's best for themselves. Yeah. So why don't we define what a simple strategy really looks like to you and me these days because simple 10 years ago looks very complex in terms of what I thought I needed to do. And simple today looks seriously simple. Yeah. Well, I think a perfect example of a simple investment strategy for me is the two properties to financial freedom strategy. Um, if you guys haven't seen that, then go ahead and Google it, you know, it will show up and you can watch videos on that, um, or I'll link in the description down below. But the basic concept behind that strategy is you purchased to high quality properties. You build granny flats on each of those properties. So you've got four incomes coming in and then you work to pay off those properties over time. And when they're paid off, you divert the money that was going to pay off those properties. And now all that rent is going into your pocket after the expenses of the property. And so that's just a pretty simple strategy because all you need to do is buy two properties or you need to do is then build to granny flats on those properties and then basically focus on paying them off. And so there's not a lot of complexity there. There's not a lot of niche skillsets that you need to have in order to pull off that strategy. Um, most people can do that, assuming they can get loans in order to purchase the properties and if they can save the deposits and most people can actually achieve that and achieve at baseline level of financial freedom. And then compare that to a complex strategy, which I remember talking to one of your friends or your wedding who was investing and he was started titling commercial properties, so he would buy 'em logic blocks of commercial property. So it might be, you know, in the corner where you've got five or six shops or whatever it may be, but it'd be under one title. Um, and he would then go about strata titling those properties and then selling them off individually basically. And so you just need a very different skillset and a more nice skillset around doing that. Developments, the same development, you can have high profit, but there's high risk associated with it. So you need to be quite a skilled in order to pull it off. I think like simple really, you can be a low skilled investor and have low risk and still have a good chance of success. Complex strategies tend to have more upside if you do it properly, but also more risk and you need to have more skills to do it. Yeah, it's an, it's an interesting one. Um, as you said, luck. I've executed on both strategies and what I wish I had known when I was just starting out or even middle of the way

[arve url="https://www.youtube.com/watch?v=v6WqFXKfh3k" mode="lazyload" align="center" /] Positive cash flow property has some major advantages over negatively geared property. Here are 10 reasons positive cash flow property is awesome. 2 Properties to Financial Freedom - https://onproperty.com.au/2properties/ 0:00 - Introduction 0:45 - #1: You can start making money from day 1 1:54 - #2: They can pay themselves off 2:54 - #3: They can help you when life gets hard 4:20 - #4: You don't need capital growth in order to make money or achieve financial freedom 5:07 - #5: It can help you to finance more properties 5:55 - #6: You can get capital growth AND cash flow 6:59 - #7: Cashflow tends to improve over time 8:13 - #8: They can protect you from future interest rate rises 9:03 - #9: You can even make money in a downturn 9:54 - #10: Positive cash flow properties can give you financial freedom Resources Related To This Article Advanced Suburb Research - https://onproperty.com.au/suburb/ Recommended Videos The Problems with Positive Cash Flow Properties - https://www.youtube.com/watch?v=xTdIXWi-SPw Transcription: If you're considering whether or not you think positive cashflows, a good strategy for you, then it's important to look at some of the advantages and disadvantages. I remember doing this back in the day when I was looking at which investment strategy too I want to take, what do I want to pursue? What are the advantages of positive cashflow? What are the advantages of negative gearing? What are the disadvantages of each, so it's really important that you consider these and then consider how they fit into your financial goals and your investment strategy. So in this episode we're going to look at 10 advantages of positive cashflow. Hey, I'm Ryan from on property, helping you achieve financial freedom that let's get into it and look at the 10 advantages of positive cashflow. The first advantage is that you can start making money from day one. If you invest into negatively geared property, you'll be losing money from day one and you need that property to go up in value in order to make money. You also have cost to get into the property expenses like solicitor fees and mortgage fees as well as stamp judy. There's a lot of costs to get into the property and if you want it to sell to liquidate your equity, then you've obviously got real estate agent fees as well, so you need that property to go up a significant amount before you make any money. However, with positive cash flow properties, because they're making their money in rent, so the rent coming in is more than the expenses going out. You have potential to make money from day one. If your property is rented or if it's not rented on day one, then a couple of weeks in you can turn into a positive cashflow property. This is really exciting to see yourself making money from the very outset of your property and obviously you can have potential for capital growth as well. The second reason is that they can pay themselves off. Me and Ben Everingham, the buyer's agent from pumped on property have taught a lot. We Bang on the drum of the two properties to financial freedom strategy. We've purchased two properties build to granny flats. You have for incomes coming in and then if you pay off that debt over time, eventually own those properties outright and that rental income can create financial freedom for you. One of the awesome things about positive cash flow properties is that they can pay themselves off because you've got extra money coming in in the form of rent, so your rent is more than your expenses. That leaves extra money left over to put on your mortgage and to pay off your property. You might start with an interest only loan so you're not really paying off the property are you just putting little amounts into the offset, but eventually as your cashflow increases, you can switch over to a principal and interest line and then that property can affectively pay itself off, which is a really exciting idea. The third reason is that they can help you when life gets hard. Now, I've recently been through some difficult stuff. If you've been following the channel for a while, you'll know what that is, but expenses went up and business income dips. Now I have a bunch of assets online that generate me passive income and they actually helped me through this circumstance. I've got the cashflow coming in, which is keeping me afloat during this difficult time. The same is true for positive cash flow properties. If you lose your job, if you need extra money, if you fall on hard times rather than having a property that you need to pay to keep afloat, a property that's eating you alive, you have a property that can help support you in the midst of that hard time in your life. Now maybe your property's only $20 per week positive cashflow

[arve url="https://www.youtube.com/watch?v=xTdIXWi-SPw" mode="lazyload" align="center" /] Positive cash flow properties can be a great way to make money and achieve financial freedom but they aren't without their faults. Here are 9 problems with positive cash flow properties. 0:00 - Introduction 0:26 - #1: They are harder to find 1:15 - #2: Sometimes less desirable properties or areas 2:26 - #3: Not positive cash flow if not rented 3:19 - #4: You often have to manufacture cash flow 4:09 - #5: Maintenance can make you negatively geared 5:11 - #6: You can potentially lose out on capital gains 5:42 - #7: Profits generated are subject to tax 6:31 - #8: Property prices may be more volatile 7:08 - #9: Properties may be more difficult to sell Recommended Videos 10 Advantages of Positive Cash Flow Property - https://www.youtube.com/watch?v=v6WqFXKfh3k Transcription: I love positive cash flow properties and they can be a great way to invest with low risk and to achieve financial freedom, but there are some problems with positive cash flow properties that you should be aware of before you decide what you want to go ahead and invest in. Hey, I'm Ryan from on-property, helping you achieve financial freedom and tell you we're going to look at nine problems with positive cashflow property. The first problem is that they are harder to find negative geared properties are available all over Australia in every single metro market. Wherever you look, you can find negatively geared properties, but if you want to invest in positive cash flow properties, they are harder to find. You need to find an area that has a higher rental yield than average or you need to find properties with unique characteristics that generate a positive cash flow. So this might be Julie income properties, or it may be a property where you need to actually create the cashflow yourself through a building. Something like a granny flat, but yeah, negatively geared properties are available everywhere. You can have your pick of the litter positive cash flow properties a hard as a fine and they do take more research in order to find the right property. The second problem is that sometimes the properties are less desirable or less desirable areas. Generally speaking, you can often find positive cash flow properties in low socioeconomic area, so in the poorer areas of a town or a city where you've got government housing and things like that. Prices don't tend to be as high, but rental yields tend to be better compared to the price of the property, so you've got higher rental yields in those situations which can lead to a more difficult property or a less quality property because your tenants aren't going to be as good and you're not in that owner occupied area. Also, you are limited in the areas that you can invest sometimes as well, so you might be restricted to regional centers. That's a really easy place to find positive cash flow properties. Or you might be restricted to these areas of this suburb that aren't full of owner occupiers. So this is sometimes the case. Obviously, the more research you do and the more specific you are, you can find positive cash flow properties that are in great areas, but they're just harder to find, which goes back to step number one. Step number three is your property's not going to be positive cash flow. If it's not rented, most properties, you're going to have one source of income. This is the same as having a job. You got one source of income that you're completely reliant on, and if you're not getting that source of income, you're not going to be positive cashflow, so this is obviously not ideal to avoid your property been vacant. You want to buy in an area with a low vacancy rate, definitely under two percent or the lower the vacancy rate, the better to ensure that your property is going to be rented. Again, you want to do your research to find an area that's gonna, have long term demand so your property will continually be rented as well. Other ways to mitigate this risk is to actually grow your portfolio and have multiple properties, so one property is not rented. You've got other positive cash flow properties that can help pay for that until it is rented. The fourth problem is that often you'll have to actually manufacture the cashflow, so rather than going out there and buying a property and it being positive cashflow from day one, a lot of properties, you need to manufacture the cashflow and create it yourself. You can create this through things like renovations and increasing the rental yield. That way maybe you can move internal walls of a property and turn it from a three bedroom into a four bedroom property. Maybe you can build something like a granny flat and get that extra rental income coming in, or maybe you can manufacture that positive cashflow through paying down debt or through

[arve url="https://www.youtube.com/watch?v=w_TuFh2VEnA" mode="lazyload" align="center" /] You can't achieve financial freedom in one big step, in one big leap. What it takes is a lot of little steps. So what you need to start doing is looking for little actions you can take to grow your financial freedom. 0:00 - I didn't achieve financial freedom all at once, it comes one tiny activity at a time 0:41 - How do you achieve something big? One tiny bit at a time 1:48 - Don't focus on your goals, focus on your daily actions 2:50 - It can start with something really small 4:02 - Building any skill takes time, it is no different with investing 5:52 - What I don't like about people who talk about investing, they don't talk about growing as a person (mineself included...awkward) 8:17 - You have so much potential if you apply yourself and challenge your brain 10:11 - Focus on who you need to become to achieve the wealth you want, then start progressing towards becoming that person 11:43 - You're focusing on two things - ACTIONS and BECOMING 13:35 - How I'm applying this idea to my life 14:35 - Don't be a mindless zombie investor 16:21 - Become a person where financial freedom is easy and inevitable $1,000 Project Book Review - https://www.youtube.com/watch?v=HEVkseXw2H8 Recommended Videos How I Achieved Financial Freedom at 28 - https://www.youtube.com/watch?v=FmrwiK3Itnw Transcription: It took me about a solid 10 years of working online before I achieve financial freedom through my online businesses, but I didn't achieve financial freedom all at once and it wasn't one thing that led to my financial freedom. Financial freedom actually comes one tiny activity at a time. If you can hear the echo, I am actually moving house and as you can see there's a fair bit of mess and not a lot of furniture left. It's been a big job trying to clean up this house by myself and it reminds me of a saying that my old manager gave to me, which is how do you eat an elephant? One bite at a time. Now I'm vegetarian, tiny animals. I wouldn't eat an elephant, but I really like that analogy. How do you achieve something big one tiny bit at a time. You just take the next step and move towards that. Now this echo is going to really annoy some of you and I bet the mess behind me is annoying. A lot of you as well. So I'm just going to move into another room. Alright, so the echo is probably a little bit better now, but the rooms just as an se, so let's go ahead and shut these doors and pretend that everything's okay and everything's clean so you can't achieve financial freedom in one big leap in one big step. It comes through a lot of little actions that you take in order to achieve that goal. And so what you need to do is to start looking at what are the little actions that I need to take to actually achieve that goal. So myself and with the way that I look at it with the way I look at financial freedom with the way I look at growing my wealth and growing my business. I have my big goals of financial freedom, how much income I want my business to generate. I set those goals. I'm passionate about those goals, those goals ground me and drive me forward. But rather than focusing on those goals, I kind of put those goals in the back of my mind and I focus instead on what are the things that I need to do in order to achieve this goal. So rather than wishing and dreaming and hoping for this particular thing, I'm actually using that to drive me, yes, but my focus then becomes what do I need to do and who do I need to be in order to achieve that big goal that is granting me and that is pushing me forward. And so if your goal is financial freedom, there's so many different ways that you can go about achieving that, but you need to work out what are the little steps that I need to take? What are the daily actions I need to take? What is the type of person than I need to be able that I need to become in order to achieve that goal? And it can start with something as little as creating one passive income stream. So right now you might be working in a job and you have source of income, but it's on a passive income because you have to keep going to work in order to earn that money. And if you start going to work, then the money is going to be cut off and you won't receive it any more. So what you might need to do to get yourself started is to say, okay, I got a big goal that was out here. Now it's in the back of my mind. That goal is financial freedom. What do I need to have in order to achieve financial freedom and it's have multiple sources of passive income, and then who do I need to become? I need to become someone who can create assets that generate passive income, become someone who can make a lot of money. So I've got free money to invest to buy assets that create that income or I to be some

[arve url="https://www.youtube.com/watch?v=eqTYCSRf-nA" mode="lazyload" align="center" /] Here are 8 financial habits I'm focusing on in 2019 to move myself forward financially. Getting out of debt, achieving financial freedom and moving on to real wealth. 0:00 - 2018 wasn't my best year financially 1:05 - #1: Budgeting and being frugal 2:08 - #2: Pay yourself first 3:04 - #3: Snowball my debt 3:38 - #4: Expanding my minimalism 4:56 - #5: Selling my excess stuff 6:12: - #6: Always be improving by 1% 7:37 - #7: Constantly creating passive income assets 9:12 - #8: Practicing gratitude, compassion and pride 11:40 - My 8 habits to get me debt free and financially free by 2020 12:44 - I'm so excited for 2019 and moving towards financial freedom Resources Mentioned in This Episode: Atomic Habits Book - https://onproperty.com.au/atomichabits Barefoot Investor Bank Accounts and Budgets Explained - https://www.youtube.com/watch?v=YMKss1bLycw My Minimalistic Wardrobe - https://www.youtube.com/watch?v=xIEF5_ATaio Recommended Videos 10 Things We Are Cutting Out of Our Budget - https://www.youtube.com/watch?v=eX5DoSRFjN4 Transcription: In 2018 I didn't have the best year financially. My businesses were spinning off enough passive income that I didn't really need to work or worry about money, so I didn't. I didn't really work or I didn't really worry about money and I focused on a personal things in my life. Went through a whole bunch of stuff, discovered a lot about myself, overcame depression, had a great year on the personal side of things, but not so much on the financial side of things and 2019 is going to be a big year for me financially, moving myself forward, paying myself out of debt, getting out of debt, growing my passive income as well so that I'm back to that position of financial freedom and then moving onto wealth and moving onto that longterm financial freedom. So here are eight financial habits I'll be adopting this year to move me closer to my goal of being debt free and being financially free. Hi, I'm Ryan from on property. I help people achieve financial freedom and you're really excited about 2019. The first thing that I'll be doing is just budgeting and being frugal. With my money, so keeping track of my money, I've got a system set up now that works really well for me when it comes to budgeting. It's very similar to what the barefoot investor recommends, but I did some slight tweaks to it. You can go ahead and check out the video on how I do that by just searching barefoot, investor bank accounts in Google or in Youtube and I'll link to that video in the description down below, but I've got a system set up where budgeting becomes really easy and my focus is just on my weekly living expenses so all my fixed expenses are in place and being frugal in that aspect. They're all being paid for. My focus is on my weekly expenses and how I can spend as least as possible during the week so I've got more money freed up to pay off debt and to grow my wealth. So that's the first habit that I'll be doing is budgeting. Focusing on that and tracking that and seeing how I'm doing. The second habit is one that I started last year that I'm going to continue into this year, and that's paying yourself first. I really believe in this principle. I believe in this habit, in this action that when you are paid, pay yourself first so when you're paid money first goes towards your wealth goals because if you're not doing it, no one else is going to, and if it's not the number one priority of your finances, chances are it's not going to happen. So each week I get paid by my business and so each week money from that will go towards paying off debt or building up wealth, and so that's going to be paying myself first. It's going to happen automatically as soon as I get paid, so I don't see that money. It's going to happen in the background so I can focus on more important things like managing my finances and earning more money. Number three is I'm going to snowball and my debt, so I got a couple of deaths in my life. Some are smaller than others and so what I'm going to do is use the snowball technique to pay off my debt, so I'm going to focus on the smallest amounts of debt first and then work my way up to paying off the bigger amounts of debt. So basically you pay off the smallest ones first because then you get the emotional high from paying off debt as well. You no longer have to focus on that debt anymore, so you're getting success along the way and that's how I'm going to be paying off my debt. The four thing I'm going to be doing is minimalism. I had done this in my life over the last two years. In fact, I did a two hour of my minimalist wardrobe, which you can see is very minimalistic. A black and whi

[arve url="https://www.youtube.com/watch?v=xIEF5_ATaio" mode="lazyload" align="center" /] All of my clothes fit on one shelf, and my entire family's clothes and linen all fit in one single cupboard. Here is a tour of my minimalist wardrobe. 0:00 - Everything in one wardrobe 0:33 - Our wardrobe when we lived in the van 1:13 - What enabled me to fit everything I own on one shelf 1:49 - Detailed look at all our clothing 2:56 - How to make a minimalist wardrobe possible 4:30 - The downsides of a minimalist wardrobe 4:50 - Pants/Shorts 5:39 - Linen 6:15 - My empty walk-in-wardrobe lol 6:55 - The key to living with a minimalistic wardrobe 8:06 - Why I have a communal wardrobe 9:37 - I love living as a minimalist Recommended Videos 10 Things We Are Cutting Out of Our Budgets - https://www.youtube.com/watch?v=eX5DoSRFjN4 Transcription: I have a very minimalistic wardrobe, in fact inside this wardrobe is not only my own clothes, but also all of my kids' clothes as well as my linen and towels and things like that. This is my minimalist wardrobe to. We will get to looking at this, but this wardrobe is actually a massive upgrade from the van that we lived in, so me and my wife and three kids lived in a camper van and everything had to fit in these tiny cupboard within the van. We are trying to get a little bit more organized now now that we know kind of what we need and what size containers we needed, so we're just finishing putting all of our clothes away. So these are our four or five of the ride and I say I went into three key sale and he. That's basically all of their clothes. That's all brought. And then poetry's Dan here. So as you can say, having space like this, we also have down the bottom and we had the other side as well is actually a huge upgrade in space when compared to the van. Now I want to start with my clothes and then we'll look at the kids' clothes as well as the linen and stuff like that. The thing that enabled me to fit everything I own on this one shelf. Okay. Well basically everything I owned except Walmart Jumpers and things like that which are in a separate space, but they would go up here but I just haven't put them there at the moment. So basically all my day to day living fits on this one shelf within. Have a shelf for Branson who's seven, one for Alex who's three. And then over this side we have donors, we have linen, we have sessions cause it, and then we have our towels and things like that. So looking at my closet, the thing that allowed me to go so simple was to keep all my clothing simple. Here we have tee shirts. Okay. We can see white and black tee shirts. There's actually a couple there that I do need to throw out because I just bought some nuance behind the t shirts this year is singlets. Okay. So mostly I have about six whites, England's as well as one marone one there. So t shirts, singlets on these, basically all the same socks. And then this is the pants section here. So we've got boardshorts, we've got shorts, we've got track pants for winter, and then we've got a couple of pairs of chains as well. So that's basically everything that I wear. If we look at the kid stuff is the same sort of thing. Now the kids spend half the time with me half the time with their mom, so don't have as many kids. Clothes as well as some stuff's in the wash, especially pants, underpants socks, t shirts and the jumpers are at mum's and then pants under pants, tee shirts and then socks at the back. Their shoes are also stored. But to make this minimalist wardrobe possible, I really had to look at the clothes that I was wearing and really just make sure that everything fit together and downsize them to the essential oils. You may have heard of the 80 slash 20 rule where you 80 percent of your results from 20 percent of the things that you do. The same goes for clothing. Eighty percent of the time you're going to be wearing just 20 percent of the clothes that you own. So basically I just narrowed it down so that I only had that 20 percent with a few exceptions being warmer jumpers and things like that. So I have singlets like this, about six of these ones. Black tee shirts like this one, I have two of these. And then white tee shirts like this one. I have four of these. So these tee shirts come from general pants. They're two for $40 I think. So $20 each. And one of the key things that you need to do when you have a minimalist wardrobe is that you do need to get rid of things when you buy new items of clothing. So in this pile, I think I have one old white t shirt here that needs to go in the bin and then I have some old black tee shirts as well. This one I absolutely love because it's got Fox on it from super smash brothers, but it has shrunk and is too small. I've got two black tee shirts that are now purple and quite faded, so down into go in the

[arve url="https://www.youtube.com/watch?v=eX5DoSRFjN4" mode="lazyload" align="center" /] For the last couple of years we haven't been super diligent on not spending money. Now we are focusing on saving money and here's 10 things we are cutting from our budgets. 0:00 - Our mindset about spending less 2:12 - #1: Groceries 3:27 - #2: Phone plans 5:42 - #3: Smashed Avocado 7:40 - #4: Insurance 9:24- #5: Alcohol 10:40 - #6: Power Bills (by Installing Solar Panels) 12:23 - #7: Daily Coffee's + Energy Drinks 14:02 - #8: Mortgage Interest 16:26 - #9: Rent Savings 17:15 - #10: Tax Savings BONUSES 19:29 - #11: Living a Minimalist Life 20:017 - #12: Not Eating Meat Recommended Videos How We Feel About Credit Cards - https://www.youtube.com/watch?v=pnM7YvcG7oE Transcription: For the last couple of years, myself and Ben have kind of not really been super diligent on not spending money. We've been spraying Kashmir, let's face it, we just sold a couch the other day and my son, grandson, he gets the money and he's just like. It was hilarious. But yeah, we haven't been super diligent on lowering the expenses in our life. We've been mainly focused on growing our income, which were both definitely done, but now we're at a point where it's come time to focus again on saving money in our lives, both in our personal lives and in our business. And so today we want to talk about 10 things that we've cut from our budget. I'll do five Ben, we'll do five as well and hopefully you guys can get some help. Some tips out of this as well. Yeah, for sure. Because there's been some money that, you know, I didn't even realize I was spending probably like you guys right now and you know, hopefully this video will let a lot of cleanup those costs. Yep. So it is, it does feel really liberating to really start to focus on this and work out how can I still live a really good life, but how can I spend less money at the same time? So this isn't about living off baked beans for the next three years, hating your life, driving your health into the ground because you're not eating properly or living in a complete dump. This is about areas of your life that you can cut expenses, but you can still live a really happy life and a really fulfilling life and have some of those little luxuries as well. The thought of taking something away that's not the reason why I've been cutting costs in my life. Like it's just been because I just like saving money and I don't like overspending on things where I can say to hate the money. So the things that I've cut haven't been for a particular raising it, it's more just because I enjoy doing that as a, as something to do. So it's less about just, I don't know, it's less about just living super frugally, but it's more about, yeah, saving that extra money that you can then use to invest that you can then use to achieve financial freedom faster. Definitely. So this might be to save a deposit. This might be to buy a property or this might be to pay off debt if you've got those foundational properties to pay them off faster. Absolutely. So what's your number one? Okay, so number one is groceries. Now I've got two kids who are dairy and gluten intolerant and so naturally a lot of the groceries that we were buying can get quite expensive when you're looking at those sorts of dietary requirements. But there were a lot of stuff in the groceries that were just. We didn't need to spend as much on even things like milk because we drink soy and almond milk. Buying that from Audi. Instead of buying that from Woolworth, you're paying a dollar 80 instead of $3 and Addie is saved because my wife and I shop there too, at least 35 percent at least. It's insane how much money it saves you. So I think saving on groceries has been a big thing and also just focusing on buying exactly what groceries that we need and then eating the groceries that we have. There's so many times that things have just gone to waste because you know, we've bought too much and haven't focused on just buying what we need is a whole thing there as well. Like you and I both liked this concept of just slow living and more thoughtful living in. I think wasting is one of the worst things that you can do for the planet. You know, not that that's what it's about, but I just, I liked the idea of doing less formal. So groceries have been a massive one for me to cut it up, isn't it? What about your eighth? We'll have to edit that. Start out that we were getting like your five then my five. Um, so one for one. A simple one that I think you guys could easily applies. I've obviously always been with life at Telstra, Vodafone or an obvious for them on a ball. I thought it was just normal to pay 100, 120 bucks a month for unlimited everythi

[arve url="https://www.youtube.com/watch?v=81nW3Huvsss" mode="lazyload" align="center" /] Merry Christmas to you! I want to use this day to talk about some of the things I am grateful for this year 0:40 - I am grateful to be moving down to Sydney to spend more time with my family 1:45 - I am grateful for the incredible people who have impacted my world this year 2:35 - I am grateful for overcoming my depression and living the majority of the year without depression 3:20 - I am grateful for the rest I have had over the last 2 years, as well as the kick in the bum to take my business to the next level 4:35 - I am grateful for 10 awesome years of marriage 5:30 - My kids' Santa photo Recommended Videos: Best Financial Advice We Have Ever Received - https://www.youtube.com/watch?v=3ZY9EFGW30o Transcription: Hi everyone and a very merry Christmas to you. I hope you are having an awesome Christmas with family and friends and whatever you end up doing. I hope that ends up being great. I am going to be opening presents with my children in the morning and then flying down to Sydney to see family and I want to say use this day to talk about some of the things that I'm grateful for that have happened this year as well as some of the things I'm looking forward to next year and I want to encourage you to do the same. Take this time to think about some of the things that you're grateful for and to think about some of the things that you're looking forward to. So started off. One of the things that I'm grateful for is that next year I'll. We'll be moving down to Sydney to be closer to my family and we're very sad to leave up here until I leave the sunshine coast to leave Noosa. It has been absolutely awesome, but I'm very grateful for the two years that we have had up here. It's been amazing. We found out me and my wife were traveling in a camper van and we found out about Montessori schooling and we thought that sounded like a great option for our children and we found a school up here for our kids and so we moved up here for the school and for the kids, but as well for the lifestyle and we've had two years up here. The school's been great, the lifestyle has been great, but it's time to go back to Sydney, be closer to family again and what able to get into a Montessori school down in the Shire where all of our family, our anyway, so really grateful for the time we've had up here. Really grateful that we'll be moving back closer to family, but also that our kids were able to get into a Montessori school close to home, that they continue that sort of education. So that's been really cool. I'm really grateful for the incredible people that I've met this year and the people that have impacted my world. It's been a really big year for me and so the people that I've met and the people that I spent time with have really defined my year and really changed me as a person and so I'm so grateful for that and I'm really looking forward to want to move to Sydney, meeting new people as well, making new friends and stuff like that. I think that's going to be really exciting because there'd be more people around. One of the problems of living up here at Nusa is that it is quite sparse population, especially if you're looking for fellow Internet marketers or business owners and things like that, so it'll be exciting to move down to Sydney and to hopefully there'll be more people similar to me so that I can meet more people. I'm also really grateful for overcoming my depression this year and living the majority of the year without depression, so I had depression for a number of years on came on and off and it was very difficult thing to deal with. If any of you have had depression, then you would know what I'm talking about. Just overwhelms you. And this year I was able to overcome that. I was able to basically get rid of that. I still have hard days like anyone else, but that intense sense of depression that's over my life isn't there anymore and that's just come from being more true to myself and I'm absolutely grateful to not have to live with that anymore. That is a big deal for me to be able to have that and I'm also grateful for the rest of that I've had. So I achieved financial freedom or what I call pseudo financial freedom at 28 where my businesses or any enough money that I didn't have to work so I hardly worked for the last two years and having that rest period where I didn't have to focus on work, but I could focus on live on happiness, on relationships, on family. To be able to do that and to be able to find out what's important to me has been absolutely incredible. So I'm grateful for that rest. But I'm also grateful for the kick in the bum that has come with business slowing down as well as me

[arve url="https://www.youtube.com/watch?v=TOGHA6ap6vE" mode="lazyload" align="center" /] If you're passionate about investing in property but not quite ready to go then here are 11 things you can do if you're not ready to invest in property yet. 0:00 - Introduction 0:55 - #1: Learn How To Budget 2:28 - #2: Automate Your Finances 3:20 - #3: Pay off Debt 3:50 - #4: Pay Yourself First 4:50 - #5: Earn More Money 5:37 - #6: See a Mortgage Broker 7:08 - #7: Start Reading Books 8:13 - #8: Get The Right Property Investment Strategy 9:22 - Get one-on-one help 10:00 - #9: Find The Best Suburbs To Invest In 11:47 - #10: Find The Best Properties in a Suburb 12:38 - #11: Learn To Assess The Cash Flow of a Property Resources Mentioned: Advanced Suburb Research Course - https://onproperty.com.au/suburb Property Tools - https://propertytools.com.au Recommended Books The Barefoot Investor - https://onproperty.com.au/barefoot Linchpin - https://onproperty.com.au/linchpin Recommended Videos 10 Ways To Make Money From Scratch - https://www.youtube.com/watch?v=FIvRMTXcLbs How To Find The Best Properties in a Suburb - https://www.youtube.com/watch?v=7f0ETsKRD0U Transcription: So you passionate about investing in property, you want to start building out those foundational properties, work towards financial freedom, but you're not quite ready to invest yet. Maybe you haven't quite savior deposit, maybe can't quite get a loan yet. Here's 11 different things that you can do if you're not quite there yet and not quite ready to invest, and these 11 things go into two major categories. The first category is what I call your financial house or getting your financial house in order, and the second category is your property investment skills, which you can work on even if you're not quite ready to buy yet. So let's jump in and first talk about getting your financial house in order, which is going to be key if you're going to save a deposit and if you're going to be in a position to borrow money from the banks in order to purchase a property, the first thing that you need to do to get your financial house in order is to actually learn how to budget. This is something that took me years to work out. I tried multiple different types of budgeting and none of them really worked for me. That was until I read this book, the barefoot investor. If you haven't checked it out, go ahead and check it out. I'll leave the links in the description down below or you can go to on-property dot com dot EU for sash barefoot. In here he talks about how to automate your finances, how to set a budget, and I found this extremely helpful and has just been great. I also kind of did. I slightly edited what he recommends, so if you want to check that out, just go to youtube and search barefoot. Investor bank accounts and my video will come up for that one. So step number one is learning how to budget. So little quick rundown of how I do it is that basically each week I pay myself, so money automatically goes for rent, it goes for paying off debt, it goes for savings. And then I have a weekly amount that I can live off my other bills are also accounted for and paid for, but I have a weekly discretionary income that I can use towards food, towards going out towards whatever it may be. So everything is automated in terms of paying off debt savings, paying the bills, and then I have a set amount each week that I can live off and that's just the best way I've found to do it. The second thing you can do, which is kind of in line with the first one and learning how to budget and that is to go ahead and automate your finances. So each week money comes in and I am paid from my business, a certain amount of money, but automatically rent is paid, money is put aside for bills, money is put aside to pay off debt, money is put aside for savings, and then money is moved into an everyday spending account that I can then use and have discretionary spending to buy my groceries, to go all of that sort of stuff. So every single week my finances that absolutely automated. So I'm saving towards that goal of a deposit and paying off debt at the same time, but it's happening automatically and I'm not thinking about it. So all I need to focus on is my weekly budget and how much money I'm spending, but the savings already happening. Now, as part of that, automating all of your expenses, there's two things you should be doing. So the first one is paying off debt. If you have debt in your life, whether that be credit card debt, car loans, etc. You want to be paying off that debt. Automating that is keY, but you need to focus on paying off that debt and we're going to talk about how to do that through earning a bit more money, but you need to focus on paying off that debt. Getting yourself in a good position to isn't eating you alive. The next thing is that

[arve url="https://www.youtube.com/watch?v=6msFDDC1mEo" mode="lazyload" align="center" /] Here's 7 lessons I learned from losing thousands in cryptocurrency in 2018. 0:00 - Why I started investing in Cryptocurrency 1:11 - Lesson #1: Market Cycles 3:01 - Lesson #2: I Am Not A Trader 3:46 - Lesson #3: My Time Is Better Spent Creating Value 4:50 - Lesson #4: Your Risk Profile Has The Ability To Change 6:23 - Lesson #5: Life Gets In The Way of Investing 7:17 - Lesson #6: I Want To Invest In Passive Income Generating Assets 8:43 - Lesson #7: I Believe Cryptocurrency is an Inevitable Technology 9:29 - How I Used This Experience To Generate Passive Income 11:23 - I'm Going To Use This To Make Me Stronger and Wealthier Recommended Videos: 10 Ways To Make Money From Scratch - https://www.youtube.com/watch?v=FIvRMTXcLbs Transcription: I lost thousands of dollars in cryptocurrency this year. Here's what I got interested in investing in cryptocurrency around December in 2017, as you guys may know. That was basically the peak of the cryptocurrency bubble, the cryptocurrency boom where prices went up to over 25,000 Australian dollars. Now that's when I started getting interested in it. I didn't invest in that price. I invested over a period of the next probably six months and put money into the market at different price ranges. Some prices were over that $15,000 mark. Some prices were under the $8,000 mark, so a variation of prices there, but yeah, bitcoin now sits at about four and a half thousand Australian dollars. I actually got out of bitcoin about a month ago and cryptocurrency. I still have a little bit in it. I've got a business in it, which I will talk about, but yeah, alice thousands of dollars investing in cryptocurrency and he is seven things I learned along the way. The first thing I learned about was market cycles and man, did I get a crash course in market cycles? Believe it or not, but I actually haven't really been through a market downturn in terms of when I've been running my business or when I've actually had money to invest in. I got married in 2008, which was obviously the year of the recession and we made my watch and have a lot of money around that time or for the next five years really, so we would never in a position to go ahead and invest in the stock market or anything like that. So I hadn't actually been a part of market cycles. I know being passionate about stock investing, so I've never really looked into that and I'm someone who is happy to go countercultural, unhappy to go against the norm. So what happened for me was I found out about bitcoin through obviously the price going up and everyone was talking about it, but then I got really deep into what is this, got passionate about the technology and started investing in it because I can see the inevitability of this technology, but I didn't understand market cycles and in understand that, oh yeah. Frequent. Obviously at the peak of a market cycle here, now's not the time to get in, and so I really got a crash course in market cycles and how they work. Obviously bitcoin's down over 80 percent now. Um, I would've loved to have learned about Bitcoin, cares, my money in cash and then because I still believe in it, maybe invested now or maybe a little bit in the future as things sort of bottom out. So I, I know that I am quite happy to go countercultural to market sentiment when I really believe in something, but I just didn't understand market cycles at the time and I know that sounds dumb, but that's something that I learned. I also learned that I'm not a trader looking at charts doing day trading or even a longer term trading. That is not my shtick. That is not something that I'm passionate about. It's not something that my brain naturally understand. Some people can really get behind these market trends and look at the different things. And for me that's just not something that I'm interested in. So I learned that I'm not a trader. I don't know how to do that. I understand that that's a skill that you can obviously learn, but yeah, I learned that that's not for me and so if I'm going to invest again, it's not going to be trying to trade on a short term basis. My time is actually better spent elsewhere, which is the third thing I learned and that's about creating value. I feel like my time is better spent elsewhere creating value and whereas cryptocurrency was previously part of my investment strategy, it's not part of my investment strategy anymore. My investment strategy now is going back to what it was originally, which is built businesses and invest in real estate. There will still be an aspect of me investing in cryptocurrency in there, but it'll be a very small portion of my overall portfolio. Be a very small portion of my net worth. It'll be f

[arve url="https://www.youtube.com/watch?v=-q3LZlo9Jko" mode="lazyload" align="center" /] I managed to read an impressive 76 books in 2018 and I did it through the use of Audible. Listening to books in 2x speed when I drive, exercise or hangout at home makes it so easy to read lots of books. Get Your First Book Free With Audible - https://onproperty.com.au/audible 0:00 - Introduction 0:37 - The way I was able to read 76 books in 1 year 2:40 - Your brain can listen faster than people can speak 5:10 - The downside of audiobooks 6:51 - Get your first book for free with audible https://onproperty.com.au/audible My Favourite Books This Year The Barefoot Investor - https://onproperty.com.au/barefoot Skyward - https://onproperty.com.au/skyward Good To Great - https://onproperty.com.au/goodtogreat Atomic Habits - https://onproperty.com.au/atomichabits Born to Run - https://onproperty.com.au/borntorun Recommended Videos Simple Hack To Add Habits Into Your Life - https://www.youtube.com/watch?v=dFolxo-sIAk Barefoot Investor Bank Accounts Explained - https://www.youtube.com/watch?v=YMKss1bLycw Transcription: So I counted and I read 76 books this year. This is definitely not the full amount of books. In fact, some of these books I was given up for free and then actually read. I actually only read one real hard cover book. So how do I read 76 books in one year? Here's how I did it. So how did I read 76 books in one year? I'm actually not much of a reader at all. I could not sit down and just read 76 books in one year. I wouldn't find the time for it. I don't have the patience for it. The way that I was able to read 76 books in one year is through audible. Through audible I was able to read 22 fiction books for personal finance books, 13 business books and 37 books that I've put in the self help fitness or psychology category. Currently. I'm rewriting this one good to great. And the reason that audible helps me to read so many books per year, and this isn't an ad for audible, let's just be clear. I'm not advertising for them. I'll probably use my affiliate link down below if you do want to sign up for them, but that's not the purpose of this. The purpose of this is to open your eyes to audiobooks and how good they can be. I'm currently reading this book good to great. I've read about four or five times in my life, but it's a phenomenal business book. It's a combination of things that allows me to read through so many books in one year, so we've got audio books, which means I can listen to them on the go. I listened to audio books in lots of different circumstances. I pair them with these airports. Okay. So these airports just live in my pocket basically all the time and whenever I'm out I'm able to listen to audio books whenever I want, so I might be going for a drive, I can plug it into my car and listen to an audiobook while I drive. I might be doing the shopping. If I'm grocery shopping, sometimes I'll listen to an audio book when I'm going for a run and I do do long distance running. I'll listen to an audio book. Then kind of we're going for a run, listening to a book when you pushing yourself, but hey, I even do that. Even when I'm brushing my teeth, sometimes I will put my headphones in and I listen to a book, so a combination of pairing up with my headphones and just always having my headphones on me, but also with audible they had this thing where you can adjust the speed of the book so you can listen in regular one time speed and that's fine, but what's really interesting and something that I learned a long time ago is that your brain can actually listen faster than people can speak, so you can actually turn this up to one point five times two, two times, two, three times, even up to three point five times speed. I can actually listen on three point five times speed and it still works for me. I'm going to give you guys a bit of a sound test at three point five times speed and you guys can tell me whether or not you can understand what's being said so I can completely understand that. I don't know if you can. I find my happy place is around the two to two point five times range, but this means that I can get through a book in half the time. It would usually take me to listen to it. It's kind of like trying to speed read. You know, how people can speed, read books. I'm not one of those people. I did a speed reading course and for some reason it just didn't. I didn't. I didn't have the diligence to be able to learn it, so it's like being able to speed breed, but being able to do it by listening. You got to kind of work your way up from one time to one point two, five to one point five to two times, but you can get up there and then you can listen to a book in half the time. So this book I'm currently listenin

[arve url="https://www.youtube.com/watch?v=dFolxo-sIAk" mode="lazyload" align="center" /] With the new year fast approaching it's likely you'll want to add some new habits into your life. With this simple technique adding habits into your life because really easy and almost automatic. 0:20 - The Idea: Habit Stacking 2:30 - Another tip: Habit tracking 4:00 - You're likely habit stacking anyway 5:02 - Key tip: Make your habits less than 2 minutes 6:48 - Don't try to overhaul your entire life. Focus on getting just 1% better 8:24 - What habits are you going to stack into your life? Recommended Videos: How To Pay Off Credit Card Debt Faster - https://www.youtube.com/watch?v=S7O_yWpV6wE Transcription: Going into a new year, chances are you want to add some new habits into your life, and this is one of the best ways that I've found to add new habits into my life and it comes out of the cold atomic habits, which I'll link in the description down below, and no, it's not brushing your teeth or doing pushups. It's this idea called habit stacking. If you want to add a new habit into your life, take a habit that already exists and add the new habit directly after it. So the idea is that you take something that you already do repetitively every single day or every single week, and then you add your new habit directly after that. For example, right now my bed is made every single morning I get out of bed. Without fail, you may not believe it, but every single morning I get out of bed. That is a habit that I already do, so now I have it stack and on top of that I make my bed directly after I get out of bed, so I'm already getting out of bed. That's the trigger to then do the next habit, which is to make my bed after that I brushed my teeth, which you saw at the start of this video, and then after I brush my teeth, I do my pushups. Then after I've done those things and only then will I go downstairs and make my coffee. That's another way to improve your habit. Stacking success and ensure that you stick with something is that after you do the habits that you should do the things that are gonna add value into your life. Then you reward yourself with something that you do want. So after I get up, make my bed, brush my teeth, do my pushups, then I get to reward myself with a coffee, but it's not that I need to remember to do these things because I'm stacking these habits on top of things I already do. I don't really need to remember them and it has an added benefit. For example, brushing my teeth, which I do twice a day, sometimes three times a day, I really like having fresh breath is that that will then be a trigger for me to do some exercise, so in the morning it might be pushups in the night, it might be sit ups. If for some example, I'm having a crazy morning with the kids and I don't actually get time to do my exercise in the morning after I brush my teeth. Well in the night I'm going to be triggered to do that habit again because I'll brush my teeth again. I'll be triggered to do some pushups or some sit ups or some form of exercise. Here's another tip as well, and it's called habit tracking, so this is tracking your habits. Now this may just look like two espresso cups and it is, but these are special cups, actually have queens in them. Now this is the not done Espresso Cup and this is the done Espresso Cup. I've got five and ten cent coins in here which represent two different activities I do for my business, the five cents a videos created, so I'm doing daily videos and when they completely done, I'm over coin from this Cup into this cup. The ten cents are articles that I create for other websites, so when I create an article, then I moved ten cents over into this cup and this is just gives you a visual representation each week or each day of how you're going with your habits. The story that comes out of the book atomic habits is that a salesperson had a jar of paperclips and it had 120 paper clips in it and every time they made a sales call that move a paperclip from one to the other, so you can employ this in any part of your life with any habit that you're trying to do, is that you move from one side to another. There's probably would be better if they were glass so they will see through, but just really cool way and really visual and kinetic way. I don't know if that's the right word, tactile way of tracking it, so rather than just tracking it on paper, which I do as well, just having that visual representation of tracking your habits has been really helpful. Before I started consciously habit stacking in my life, I was doing it anyway because each morning I would get up. I wouldn't necessarily make my bed or do pushups or anything like that, but I would make coffee because I absolutely love coffee. I'm a bit of a coffee snob.

[arve url="https://www.youtube.com/watch?v=anyjlrlRQYA" mode="lazyload" align="center" /] You don't need a Ferrari to be happy. In fact there's a good chance having a base level of financial freedom and being able to do what you want with your time will make you happier than Ferraris and mansions. Find Positive Cash Flow Properties - https://onproperty.com.au/find/ 0:00 - When I was 18 I thought I was going to make $1,000,000 in that year 0:40 - My kids are super noisy, but they are having so much fun 1:20 - A lot of us believe we need lots of money in order to be happy 2:40 - If money doesn't make us happy what does make us happy? 3:20 - #1: Relationships 4:00 - #2: Time to do what you want 4:30 - What will make you happier...a car or a holiday? 5:50 - #3: Reflection and Gratitude 7:07 - #4: Exercise 8:02 - #5: Fun and Experiences 9:27 - A challenge to you to choose Freedom over Ferraris 10:24 - What if you waste your entire life pursuing something that doesn't make you happy? 12:00 - I'm working hard for something that will make me happy Recommended Videos What it feels like to be financially free How I achieved financial freedom at 28 Transcription: When I was 18, I set the goal to make a million dollars in that year and I thought I was going to start these crazy businesses that we're going to make me feel theat rich, but the whole idea that being rich makes you happy isn't necessarily true, and what I found through my life and through achieving a level of financial freedom through my businesses is that freedom is more important to your happiness Ferrari's. So in this episode I want to talk about this concept of freedom over Ferrari's. Start to challenge you about what you actually want in your life and get you thinking about whether you want to pursue that excessive wealth and if you actually need that. If you can hear in the background. My kids are super noisy. They are playing at the river here in Noosa, which is an absolutely epic spot and I absolutely love that. My work gives me the freedom to do this. That we could come here. I've had my kids from about 3:00 today. We came here called subway on the way for dinner and we're just chilling out watching the sunset and really just enjoying our time here and that's what's got me thinking about this this moment and stuff like this adds more happiness to my life than some brand new car would, so a lot of us believe that money really makes us happy that in order to be happy, we need to be extremely successful. We see people driving the fancy cars going in helicopters living in mansions, and we think that those people are going to be extremely happy and that more money equals more happiness. But if we look at the psychological studies on this, we can see that that's not true, that yes, money adds to your happiness up to a certain point. If you're completely poor, you can't pay for your bills. If you can't pay for good food, he can't pay for health cover. If you have all of these issues, if you're stressed about that, then obviously that's going to take away from your happiness and so being poor versus being well off. There is a difference in happiness, but what they found through the studies was that money makes you happier up to a point, and that point was around 75,000 US dollars per year. It's probably around $100,000. Australia in this study was done quite a few years ago now, so it might be a little bit more than that now rather than just a hundred thousand. But it was just really interesting to say that yes, there's a correlation between money and happiness, but only up to a point and that point wasn't Ferrari's and mentions that point was being well off and being able to pay for a pretty decent life. So if money doesn't make us happy, what does actually make us happy? And there's a few things. You know, the study's kind of shows so many different things and it's hard to really tie down while this one thing's going to make you happy. But there are a few things that tend to make people happier. And I've also experienced this in my life and so I wanted to share those with you today and maybe you'll get some insight out of those. And a really interesting thing about these items is that a lot of them don't cost much money. Seriously. These kids are so noisy, but they like having the best time ever. They're just so freaking happy. They just love this spot. All right? So the first one was relationships. Now obviously, relationships don't cost money. Sure you spend money when you're hanging out with people, but you don't necessarily have to pay people for them to hang out with you. And relationships really add happiness into pretty much all of our lives. We have great relationships that just adds such a deep level of happiness to your life. The relation

[arve url="https://www.youtube.com/watch?v=g7SPgOkFsL8" mode="lazyload" align="center" /] A lot of people were interested to know why I didn't achieve financial freedom through investing in property, but instead achieved it through my businesses. 0:00 - Introduction 0:26 - When I started out I thought property would be my way of achieving financial freedom 1:15 - My Dad's attitude towards life may have had a big impact 2:58 - Lending issues held me back from buying property multiple times 3:35 - I found a shortcut to achieve financial freedom 4:57 - Now that I'm not financially free anymore what is my plan? 6:26 - Climbing the corporate ladder didn't work for me 7:20 - I saw another path to financial freedom 7:50 - Property is a great way to financial freedom, but it's not the only way Recommended Videos How I Achieved Financial Freedom at 28 - https://www.youtube.com/watch?v=FmrwiK3Itnw What Financial Freedom Feels Like - https://www.youtube.com/watch?v=xVzvDkMpZ3k Transcription: A lot of you were interested to know why I didn't achieve financial freedom through investing in property and why it actually achieved it through creating my own businesses instead. This is something that came out of the episode that I did on how I achieve financial freedom at 28. I'll leave the links to that in the description down below, but yeah, a lot of people were curious as to why didn't I achieve financial freedom through property and to be honest, when I started out on this journey, I did think that property would be the way to get me towards financial freedom. When I was 16, I was rating property, books and magazines. I was fascinated with property primarily for this idea of passive income and positive cashflow so that I could achieve financial freedom. I had the goal of being financially free by 30, which I did achieve the. Now I'm 30. I'm again not financially free because expenses have gone up and business income has gone down, so maybe I didn't achieve my goal after all on back on the grind at the moment, but I always thought that property would be the way that I would achieve financial freedom. I was always certain of that, but I think I got a bit of my dad's blood in me, so my dad has worked one day a week basically for the last 30 years. He works as a journalist and he was working full time on track to become an editor of a newspaper. My parents had their first child, which is my sister Sarah, and my mom who's quite an intellectual woman, decided that she didn't want to be a stay at home mom, so my parents talked about it and my dad decided that he would be a stay at home dad. He decided to move down to one day a week. My mum went back to work full time, but dad's worked one maybe two days a week for most of his life and he's a very happy and relaxed person. He was never. His goals would never to be extremely rich, but he was always extremely loving and caring and things like that, and I think that kind of rubbed off on me in the fact that my life, I've never had ambitions to be extremely rich, had ambitions to be a millionaire. I've had ambitions to be financially free, but I've never really had ambitions to be exuberantly wealthy. To be someone who just drives those fancy cars who owns those mansions, who has the businesses worth a billion dollars, etc. That's never been my goal, has always been my goal to pursue things that I'm passionate about, to achieve financial freedom so I can do what I want with my time, but when I achieved that, I didn't stretch and I didn't try for more. I was jusT really happy with that base level of income. So when it comes to property, I had the problem in that I didn't really want to work as much as was required in order to get loans. So when I originally tried to buy a property, I had a casual job where I was working in a couple of days per week. I'd saved a deposit, but I wasn't able to buy because I wasn't able to borrow any money and there was a bunch of different scenarios in my life where I was extremely close to purchasing property, but it just didn't happen mainly because of lending issues. I had a property that I was about to buy and then the valuation on that property came back a little lower than the asking price and I wasn't able to come up with the extra money required in order to purchase that property. That was probably eight years ago now or something like that. And then I just got passionate about internet marketing. I got passionate about business. I started pursuing that and I saw that this was actually a shortcut or a faster way to achieve financial freedom. And robert kiyosaki talks about it in his books. That how he achieved financial freedom was he built businesses and then invested in real estate. So he built the businesses in order to spin off that extra cash flow in order to create ex

[arve url="https://www.youtube.com/watch?v=zRCzsIw3KZI" mode="lazyload" align="center" /] Should you invest for cash flow or capital growth? What are some of the pros and cons of each investment strategy and which is going to be better for you. Free Strategy Session - https://onproperty.com.au/session/ Suburb Research Course - https://onproperty.com.au/suburb/ 0:00 - Introduction 1:00 - The pros and cons of capital growth 3:06 - The problem with only focusing on capital growth 4:41 - The pros and cons of cash flow 8:06 - How to get cash flow AND capital growth 8:38 - A real life example 10:02 - You can have both! If you do your research 11:32 - If you need help doing suburb research check this out Recommended Videos A perfect granny flat opportunity (On The Road Ep2) - https://www.youtube.com/watch?v=shMlAikYO2Q 4 Income From The 1 Property (On The Road Ep1) - https://www.youtube.com/watch?v=RQbn5M_v3to Transcription: Should you invest for cashflow or capital growth? The answer's both, but rather than just say that and the video, they're going to look into some of the pros and cons of capital growth and then some of the pros and cons of cashflow so you can decide what's more important to you as you're looking at Nsse potential investment properties. Hi, I'm Ryan from on-property dot Com dot U. I help people achieve financial freedom and this is something that's been coming up a lot lately in videos that I've been doing with Ben Everingham from pumped on property and that's just this idea of should you invest for capital growth or should you invest for cashflow? And as I said at the start of the video, the answer is you should be investing for both, but I want to get you to have a look at your investment goals at your life situation and to try and work out which of the two is going to be most important to you so you can focus on that in your search while at the same time trying to get both of them. So let's start with capital growth. And the pros and cons of capital growth, capital growth has traditionally been the investment strategy for most investors in Australia to achieve wealth through investing in property. The idea is very simple. You purchase a property for a certain price, that property goes up in value, you make money when you either sell that property or you borrow against that growth to go ahead and invest elsewhere or to simply take it out and spend it. One of the things that makes capital growth so effective is firstly the market has traditionally grown quite well, but also the fact that you're leveraging your money to maximize your capital growth. So let's say you take a 10 percent deposit, so you take $50,000 and invest into a $500,000 property. Let's say that property goes up by 10 percent. Well that property is now worth $550,000 or you've effectively made $50,000 or a hundred percent return on your original cash investment. If you were to put that $50,000 in the stock market and that 50,000 went out, five percent went up 10 percent, then you'd have 55,000 and you would have made $5,000. So by leveraging and by borrowing money you can actually increase your return and because you can also rent out your property. Then ideally you'd been a situation where the renters are paying the majority of the interest on your property anyway so you're not extremely out of pocket. So capital growth can be a great way to grow your wealth. Obviously investing in something like a 500,000 or a million dollar property and getting growth like that. People who've invested in Sydney and I'm seeing growth of hundreds of thousands of dollars before the peak and now declined. How many people can make $200,000 in a year? Not a lot of people, but investing in a property at the right time at the market. A property can go up by $200,000 in a year, or if you have multiple properties, then obviously that can compound and you can have growth across multiple properties over the course of a year, so that's what's really good about capital growth. The problem with only focusing on capital growth and investing in properties that are negatively geared so they're costing you money every single week is that you need to have a high paying job or high paying income stream in order to support those properties. So even though those properties, I'm making a decent amount of money in terms of growth, the only way to actually access that growth is by selling the property, Oregon borrowing against it, which you again need an income source. In order to do that, it can be difficult owning these negatively geared properties because you really do need that strong income source and if you don't have it, then you can't support the properties. Eventually you would have to sell the properties that can just put you in a risky situation. If your life's extremely stable, if you have a high incom

[arve url="https://www.youtube.com/watch?v=8-ravckzxfs" mode="lazyload" align="center" /] If you've found a good suburb to invest in the next thing you want to be looking for is the right property within that suburb to maximise your returns as well as get cash flow. Book a Free Strategy Session - https://onproperty.com.au/session/ 0:00 - Introduction 0:55 - Finding the right property with growth AND cash flow 2:05 - Cash flow helps you hold the property and achieve long term success 3:23 - Areas you should avoid in a suburb 5:48 - What if you can't afford the best properties in a suburb? 6:24 - How to get into a cash flow neutral or positive position 8:59 - Manufacturing cash flow doesn't have to be difficult 9:55 - Summary of this series 10:30 - Special offer to get you clear on what your next steps need to be Transcription: Have you found a good suburb and a good area to invest in? The next thing you want to be looking for is the right property within that suburb to get the maximum returns possible, as well as the right property to deliver you cashflow. So in this episode we're going to look at how you can find that property or how you can generate that cashflow yourself. Hi, I'm Ryan from on-property, helping you achieve financial freedom. And today I'm joined with Ben Everingham from the buyer's agency pumped on property and so really excited to have you here today. Ben. Thanks for four K. let's run. We are working through this series and I hope you guys are loving this content. This should be putting you in a really good position as a first time investor to reduce your risk, to maximize your returns and to help you achieve financial freedom. So we've already gone through the steps where we've set our strategy in place. We've located the best suburbs that we want to invest in. Now it's about finding that right property for us, the crude property in the suburb that's going to grow more than the other properties as well as the property that can give us that cashflow because often in those good areas, the cash flow doesn't come for free. Does it vent now like unfortunately, the closer you get to the beach, the closer you get to the city, the cashflow can be a bit harder to find sometimes. Yeah, so in something like a country town, often there'll be positive cash flow properties everywhere, especially with low interest rates, so you could just basically buy anything and be positive cashflow, assuming you can rent it. As you get into those more premium pockets of cities. The rental use tend to be less so it's harder to generate a positive cash flow, so as we said, we want both capital growth and cash flow. That's why we chose the good suburbs because we want that capital growth. Now we've got to work hard to get our cashflow. It's not going to come for free and most investors stop here. They'll just buy any old property within that suburb to get the capital growth that we negatively geared to the hill and then something will go wrong in their life and they'll then have to sell that property and they'll never get the capital growth anyway. So we don't want you to be in that position. So we want you to find a good property that's going to grow with the suburb, but it can also generate that cashflow and put you in a good position. I heard something from the Australian Bureau of stats the other day that shocked me, which was you looking at statistics. What was I doing? Fifty percent of Australian investors sell their property within the first five years. That's crazy. Now, if it takes, you know, 10, 15, 20 years to create financial freedom, it's just so clear to me now why people don't follow through. So if you've got great cashflow and you've got great growth, the likelihood of selling a property is significantly lower than a property that's performing well from a growth perspective. But it's still costing you two, three, four, 500 bucks a week out of your cashflow. And that's the thing so many people get in a position where they can't afford these investment properties and even though they're great longterm investments, they have to sell them because short term they just can't manage the cashflow and they can't continue to pay it. So if you own a cashflow neutral or cashflow positive position, then not going to have to sell that property because it's paying for itself. It's paying itself off. It's only if you deem that it's no longer a worthy investment or maybe something dire happens in your life and you have to sell that, you're going to go ahead and do that. So your chances of financial freedom is going to be higher. Absolutely. And that's all we want. We just want you to have the biggest chance of succeeding and getting those choices in your life sooner. Okay? So when it

[arve url="https://www.youtube.com/watch?v=_pPHjI5ubbE" mode="lazyload" align="center" /] When investing in property you want to invest in the best area possible to reduce your risk in a bad market as well as get epic returns in a good market. Book a Free Strategy Session - https://onproperty.com.au/session/ 0:00 - Introduction 1:10 - Rules to follow to exclude bad areas and maximise your returns 2:10 - Metro markets outperform regional markets 2:45 - Houses completely outperform units 3:20 - Properties closer to the city centre perform better than properties further away from the city 5:48 - Why we aren't looking for "Hot Spots" but rather looking for solid long term growth 7:20 - Timing the market for maximum results 9:11 - Next steps once you've chosen your market 10:42 - Comparing suburbs to each other to find the best investment opportunity 13:08 - This is one of the biggest decisions you will make, so don't rush it 14:29 - Maximising your chance for cash flow 14:58 - Special free offer if you want extra help Resources Mentioned in this Video Location Score - http://locationscore.com.au Transcription: When it comes to investing in property, you want to buy in the best area possible to both reduce your risk in a bad market as well as increase your chance of getting epic returns in a good market. So in this episode of this series, we want to talk about how to find those good quality markets and those good quality suburbs. Hey, I'm Ryan from on-property, helping you achieve financial freedom. Today I'm joined by buyers agent Ben Everingham from pumped on property. Welcome Ben. Thanks man. Happy to be here. And this series is all about first time investors and how you can reduce your risk, maximize your turn and achieve financial freedom. And we told you in the last video, if you haven't watched it already, I'll leave a link to that down below, but we talked about purchasing those foundational properties that are gonna go on to achieve financial freedom for you and with those foundational properties. We want them to be in good suburbs. So there's always gonna be that demand. If we need to sell that property in the future or because will be renting that property, we want that high rental demand there. We want the rent to go up over time as well. So that's why we're going to be looking at buying into high quality areas and how you can find those areas. Yeah, so there's a number of rules that ways investors can follow based on looking at the history or the data. Now just alert. I'm going to be like going hard into data on this. Sorry Ron. But you know, these rules have really simple and they make logical sense. I think. Let's just set me up when we're looking for high quality areas, what we're going to do is create a framework and we're going to set a bunch of rules in place that are basically going to exclude a lot of areas. So it's less about finding the one hotspot that you read in a magazine article or something like that. And it's about excluding all the areas that don't fit into your criteria. So this is what we've found as the easiest and the best way to do it. And we think you'll have success as well. So ben is the data node here, so he's going to lay out some of these rules for you guys that you can follow if you want to reduce your risk and increase your chance. Chance, pretend. Yeah, as always, like epic way to say what I was trying to say. So these Rosa simple. It's buying in metro markets which effectively means the big cities in Australia. If you look at the longterm data over the last 20 years, these big cities have outperformed the regional markets by about almost 80 percent. And that is absolutely insane when you think about it, leaving 80 percent on the table over 20 years. If you're not buying the biggest cities in Australia, like the CDs, Melbourne's, Brisbane's. The next best option is probably your big regional market surrounding them that will. And Gong was the Newcastle's, the sunny coast, the gold coast type things. The next thing is once you've gotten to that level, we know that houses completely outperformed units. Again, history shows us that houses do about one percent better over time than units. So what we're trying to do is present better per year, per year, so you know, which one percent might not sound like a lot, but it's a huge amount of easy money to leave on the table over time. And especially when we're talking about we're investing in these properties for longterm 10 years, 15 years, 20 years, 30 years. That one percent really starts to add up year on year massively. So if we buy the good quality markets, we buy houses in those markets and then the next thing we look for is buying is close to the city as we can possibly afford. They're the three biggest things that imp

[arve url="https://www.youtube.com/watch?v=vH9a6_EJaDc" mode="lazyload" align="center" /] When inspecting a property you should do these two things. Take a checklist with you (your memory isn't as good as you think it is) and do your research before inspecting. Transcription: Hey guys, Ryan here from on-property and just finishing up here inspecting this property. This is our fifth property for the day and just wants to do a quick video while I'm at the car waiting for the other guys, so just talk about how important it is when you're doing open for inspections, to have a checklist that you go through and also to know the area that you're in. So in regards to the checklist, having things as I've been hanging out with these guys, you can see them in the background there. Simon's been going through each property. Simon adds a. they've got an APP on their phone where they're going through a checklist and every single room in the house, they've got a bunch of items that they're looking at that they're writing comments in their writing from one to five main. Ben Did a full series on how to inspect a property and talks about all those things. So if you want to create your own checklist, she can go through those videos and we talked about pretty much everything that's an on property.com forward slash inspect. If you want to check that out, but this is our fifth property for the day that we're looking at and they all start to blur into one as you're looking at many different properties and so it's really important to have that checklist so that at the end of the day, after you've done your open for inspections, you can go back and you can remind yourself, what was this property like? What was good about this property? What was bad about this property? There's some things that stand out like certain properties that we sorted out. I can remember certain aspects of them, certain layout, I can remember what the bath was like in one property because that is really tiny bar. So there's these strange things that you do remember, but then there's a lot of stuff that I don't remember. Like what were the light fittings like on the second house that we looked at, did they have fans in those rooms? I can't remember that sort of stuff. So just having that checklist to go through is really important. And then the next thing is to also know the area that you're in. Have a look at comparable sales in the area before we go and do your open for inspection, so when you're looking at the property and when you're talking to the real estate agent, all the real estate has been super friendly. It's been really good day, but when you're talking to the real estate agent and talking about what price they're asking for, you know, in your hair generally what that property is actually worth before you go into it. Otherwise you have no idea whether it's going to be a good property or not because to be honest, the areas that we've been going through, I don't have my finger on the pulse in these areas. These guys do. That's why I'm on the road with them today and they're doing the bulk of the work. I'll just pain following behind, but I don't have my finger on the pulse in this area, so I don't know what the property is worth or what it should be. Worth. Some properties that were looked at and they're like, Yep, that's bang on. It's worth that much money and other properties. We looked at the same. You know that's probably 20, maybe 30 grand, overpriced, and so that's because they know the area they know comparable sales in the area that looked at all the other properties that are listed as well as everything that sold and so that was just a real key vital piece of information that going into an area and not knowing what things are worth. When the agent tells you an asking price, you have no idea whether that's a good asking price or not. So when you do open for inspection, had that checklist, make sure you do your due diligence on the area as well. Before you get into it, I hope you liked this quick property tip, just something that I thought of when I was on the road that will hopefully help you when it comes to inspecting a property. If you want to learn more about how to inspect the property and what to look for, go ahead and check out the episode that I did with Ben Everingham on how to inspect a property. You can click it here on youtube or go on on-property Dotcom, forward slash inspect, and you can see the full series over there. Thanks so much for watching and until next time, stay positive.

https://www.youtube.com/watch?v=FmrwiK3Itnw I achieved financial freedom at the age of 28 through passive income from my online businesses. Here is a bit of my story and how I achieved that. Transcription: Some of you may know that at the age of 28, I achieve financial freedom through my online businesses, but not many of you would know exactly how I did that because I haven't really talked about it. So in this episode I want to talk about how I achieved financial freedom at the age of 28 through passive online businesses. So I'm just going to kind of talk about my journey, how I got started in this sort of stuff. What I think is required to create an online passive income business and how you can go and start to learn about that in more detail. I can't cram into one video exactly how to do what I did because it happened over about a 10 year period and that's not going to fit into what a 20 minute video or however long this ends up being, but I can share my story and hopefully this inspires you to go out and look for ways that you can generate passive income either online or offline. I started getting into learning how to make money online when I was 18, so 10 years before I achieve financial freedom through making money online. That's when I started learning about it, so it wasn't something that happened overnight. There wasn't some get rich quick scheme or anything like that. I was 18. It was my first year out of high school and I was reading a blog or had downloaded an ebook where someone had talked about going from scratch, so absolutely nothing and how they made $100 in 30 days and so they showed how they created a free blog and they started selling tee shirts and they created this income doing that and then reinvested the money to grow the business even further. And so as an 18 year old, this was extremely inspiring to see that you can go from literally nothing. So they took none of their own money to invest into this and then they started making money. So to think that at the time I didn't have much money. How can I go from earning nothing to making money online? And so I did basically exactly what the book did, I tried to copy it, set up a free blog, tried to create some t shirts that I could sell and sold absolutely nothing, got hardly any visitors to my blog, if any at all. And then I started looking at, okay, well how can I get more visitors to my blog? I started stealing content from other people's websites and putting it out on my blog because I wasn't a very good writer at the time and I didn't know what to write about. I started about 10 to 20 blogs at that time, all of which failed. But I learned a lot along the way and they didn't cost me any money to set up. So once I started doing that, then I learned that you kind of need to have your own website and your own domain. So I started investing some money into that. It wasn't a lot to get started for a domain, maybe $10 for a domain. Talking about five to $10 per month for hosting. Started getting into started blogging. I started blogging about all different sorts of things. Didn't really have a clear focus on how I was going to make money. I did that for a couple of years and didn't make very much at all, but I did make some money online and I knew that it was possible to do it. I found some strategies that worked better than others, so I would double down on those strategies and I would say growth, but it never really saw the income that I wanted to see come out of it. I also did a bunch of freelance writing at that time, so I was paid to write articles. I remember having to write 100 articles on Bluetooth headphones or like Bluetooth. What do they call, you know there's earpieces that you're talking to. So you're on the phone and using a Bluetooth earpiece. This was about eight years ago or 10 years ago now, so back in 2008, 2009. This sort of time. But I remember having to write a 100 articles on Bluetooth headsets and that was just not a lot of fun and the pay wasn't very good. So at the time I wasn't making much money online, the money that I was making definitely wasn't passive either. So I tried to do that full time while my wife Kelly at the time went to work, she dropped down to part time, so I'm trying to make money online while she's only working part time so we don't have much money coming in for ourselves. I think I was working in about one weekend a fortnight at a local pharmacy as well to get a bit of extra money coming in. But we were so poor that we had two cars at this point, so we had a Toyota Echo that my wife had gotten a 10 grand loan in order to purchase it for her job as a traveling merchandiser. And then we had my car, which we called the hammer. It wasn't actually a hammer. It was this bomb of a car that I bought for $500 and then it cost $1,500 in repairs to get it actually going on the road.

[arve url="https://www.youtube.com/watch?v=RQbn5M_v3to" mode="lazyload" align="center" /] In this new series "On The Road" I take you to look at a unique property that will deliver the investor 4 separate incomes. Transcription: There's some amazing investment opportunities out there. If you're just willing to look hard for them. In this episode, I'm going to show you one unique property that will actually deliver the investor four separate incomes once all the work is done on it. Hi, I'm Ryan from onproperty.com.au Helping you achieve financial freedom and welcome to my on the road series, a brand new series that I'm doing where I hit the road with a buyers agency team from pumped on property. I went on the road with Simon, with Adam, with Kristal, the full team minus band. And we went down to Brisbane and looked at a bunch of properties down there. Some of those properties were properties that have already been bought for clients. A bunch of them were new properties that they were looking for, clients who were trying to buy. And we basically walked through some of these and talk about the different opportunities that are out there. And this will just give you an epic insight into the fact that yes, there's still investment opportunities out there despite what's happening in Sydney and Melbourne. There's a lot of opportunity in Brisbane and it was a really fun day. We started the day with our double shot coffees, which is how we should start every day. I'm already had my double shot today and I'm now on the v while I do some editing, but we had a great day driving down. Let's jump into this first property that we looked at where we, we're doing a presettlement inspection and Simon's gonna talk us through the opportunity and it's just gonna explode your mind. Hey guys, Ryan here from on property. I'm on the road say with Simon as well as Kristal and Ads. We are just currently at one of the properties doing a pre purchase inspection, pre settlement inspection. Yeah, just making sure that everything is, is aok before settling on the property. There was a few things that came up in the building and pest inspection that we wanted to get sorted. So just making sure that those things are tested, but glad that we could get through this one today on camera because it's actually a really great opportunity for our clients. So he actually only purchased it for $650,000 in a beautiful part of Brisbane, only about 12 kilometers from the CBD. He actually picked it up for 650 grand and this one's on a massive 810 square metre block and it's actually already on two titles so we can subdivide it and put two different buildings on this block. So really good opportunity. Let's go for a bit of a walk through that. Yeah, definitely. So how do you find that out? That it was on two separate titles? Um, it was just advertised like that, the advertisement. So the real estate agent had to tell us that one. All right, you lead the way. Where are we going? Let's get it through the house. Alright, cool. So as most houses in Queensland or Brisbane in particular, this is a raised house and semi built in underneath, so unfortunately isn't legal height, so you can't legally count the bedrooms and bathrooms and the kitchens down yet. But that's kind of normal up here. So when they all deal with like 30 40 years ago, they didn't actually raise them to a legal height where you could count this living space, kitchens and stuff down here, which is a bit of a bummer because they're only about less than 10 centimeters off being legal height and you still can't claim it, but sometimes you can raise them and build them in underneath and that can be a really good opportunity. Converting a three bed, one bath into a five bed, two bath or something like that. So yeah, it's nice one. Alright, so here we are out on the deck and the backyard. So where's the other. Where's the subdivision? So. Oh well it's, it's just on two separate titles, but there's no sub dividable block. So it's on two separate titles, but the house is on the whole entire block. Across the two titles. What's the opportunity there? If the house exists across the two titles, can you really subdivide it? If the house is on both blocks? What are you going to have to do is actually knock down the main dwelling and rebuild to new home. So you'll subdivide. There'll be 405 and another 405 square meter block. You can't really say it, but in this particular area because all the blocks are quite large. There's so many opportunities like this. I think the house next door was, yeah, it was quite similar. So they've actually subdivided it and then we can see behind us as well that we've got a bunch of townhouses and stuff. Yeah, exactly. So it's something

[arve url="https://www.youtube.com/watch?v=S7O_yWpV6wE" mode="lazyload" align="center" /] Credit cards are easy to max out and hard to pay off. This simple strategy will help you pay off your credit card faster than you ever thought possible. Transcription: Credit cards can be really easy to Max out and really difficult to pay off. Having credit card debt in your life is extremely toxic, both from a financial perspective because you're paying so much interest as well as an emotional perspective because there's so many different balls you need to juggle. If you have multiple credit cards and it's just sucking energy and sucking finances out of your life. At one point in our life, I'm sure you've all had credit card debt and chances. I've had credit card debt for quite some time, so in this episode I want to talk about how to pay off credit card debt. I've used this method to successfully pay off credit card debt and myself, unfortunately due to personal circumstances, I'm now back in credit card debt, but I'm starting to pay it off again. Hi, I'm Ryan from on-property helping you achieve financial freedom and yeah, we want to get rid of those credit cards. We want to pay them off and we want to start building our wealth. So how do we pay off our credit cards faster? Will step number one is to stop using the card. A lot of people say in this circumstance to cut up the card and sure, if you have no self control than I do recommend you can go ahead and cut up the card for me. That wasn't necessary. What was necessary was to stop using the card. That means disconnected from paypal. That means no more direct debits coming out of the card and that means the card no longer lives in my wallet. It stays in a cupboard in my house and doesn't get used. It can be there. I feel safe, insecure, like it's a safety net if I ever need it, but I've stopped using it completely. There's nothing coming off that card anymore. Nothing's being added to it, so now the focus is paying it off. This is probably the most important step that you do because trying to pay off credit cards while you're still using credit cards is extremely confusing and it's just so easy to just tap that credit card and to buy something that you need even though you might not be able to afford it, so stopping using it. If you only do one tip, that's number one, stop using it and then slowly pay off the debt, but if you don't stop using it, the rest of the tips probably won't be very useful to you. The next step is to write down your debts from smallest to largest. Now you can pay off your credit cards in any order that you want, but paying them off from the smallest to largest is called the snowball effect, and this can be beneficial to us because it's emotionally good to pay off a debt, to pay off a credit card and to have it completely done, and then move on to the next one. Logically, it may be better to focus on the debt with the most interest, even if that's the largest card. Maybe you've got one credit card that's charging you 23 percent, one that's charging 13 percent. Logically, it makes sense to pay off that 23 percent card first, but hey, if we were all completely logical vulcans with no emotion, that we probably never would have gotten into credit card debt in the first place. So go ahead and list them from smallest to largest, you can pay them off however you want, but it is emotional benefit to paying off those smaller debts first and working our way up to the largest. The third step is what I think really turned the tide for me to go from having a Max out credit card for years to being actually able to reduce that and eventually pay that off. So this was really key and that was to set up automatic payments. So rather than paying your credit card when you feel like it or paying your credit card when you have money left over, what we're going to do is when we get paid, we're going to take some money from our pay immediately and we're going to pay ourselves first. So we're going to reduce our debt first before we pay for our living expenses. And before we go on and live our lives, I've set this up completely automatic through my bank. I use ing and so basically each and every week when I'm paid by the business, a certain amount of money would then go and pay my credit card. So I stopped using the credit card and now there's money going onto the credit card above and beyond that minimum repayment every single week. This is automatic. I don't have to think about it, and the reason this has beneficial is that if you pay yourself first, so you pay your credit card before you start living. Then when you look at your bank account, you're thinking, how can I live off the money that's left over, or how can I make more money? But you sing that figur

[arve url="hhttps://www.youtube.com/watch?v=3Z9POlaRkc0" mode="lazyload" align="center" /] How can you start a side business or side hustle that earns you extra money and helps you achieve financial freedom faster? Transcription: Starting a side business can be a great way to increase your income and also move you towards financial freedom faster. So in this episode we want to talk a little bit about how we started side businesses and side hustle, the side hustle that eventually became both of our full time Gig and lead to financial freedom for both of us and how you can start your side business and your side hustle as well. So can I actually braided your first side business? Actually work because mine didn't. No, definitely not. I think I first discovered side business when I was in high school. So last year of high school and or maybe in selling lollies shape man. No, I think actually it was the first year after school I learned about how people make money online by having websites. And so my first side business was I created a bunch of blogs but then I didn't know what to write about and so I stole content from other people's websites and put it on my own website and got zero traffic and made zero money. Visionary. Can't copy and pasting Cagle cagle smart. Yeah, exactly. So, but in, you know that at the time, and so yeah, so my first side businesses or the blogs that I started made zero money and I think I dabbled in that for a year or two before I made my first dollar in and we'll actually set up a lemonade store last weekend with my kid is their first lemonade store. We walked up to the raid, the shop at the end of the straight, got some like cheap bottles and got some ice, went back by handmade this signs and then we just set it up next to the beach and we got six people. We only did it for half an hour because they got bored. It costs us $11 and six people bought drinks. May Have Five, $5 loss on the store, but, you know, like they're four and six years of age. And I think like the lemonade store was the first little thing that I did when I was a kid. And then fast forward at university, um, I got my first little side business was um, I was really into business and sustainability at that time. And so I want some grants of the Queensland government in my third year of university to $10,000 projects where I actually helped businesses reduce their carbon footprint and save on water and stuff like that. And that's pretty cool. And that was my first taste of a side business and I was like, so did you actually make any money from the business or you just got grants from the government and they paid you to help businesses, you know, to $10,000 grant. So the whole business model was just when to grants and then figure out a way to deliver. Because I had, I'm pretty sure they just gave me the grant because I was young and motivated and everyone else asking for them was like 50 years of age. So I just got what you had to do is go get 20 businesses to sign up with you and then you could use those business names to apply for the grant. So how'd it go? And door knock and find these businesses say, hey, I'll help you save some money on energy and water. Um, and then I submitted that grant and that was my first taste of a way to make money on the side because at the time I was still working at like noodle box in and cleaning rooms at a hotel while I was at university still. And that was, that was cool, like $20,000 in the first year from doing something that really only took me in terms of total time, maybe a month to complete like those really it was my first taste of big chunks of money. One of my other side businesses was taking my savings at the time, which was like 500 to a thousand dollars and buying USB sticks from China to resell on Ebay. But I'm gay. No, there were duds. I got sold on that and I didn't work it out until I had already sold something on Ebay and then people started complaining about them. And so that was usb sticks that were made to look like 32 Gig, which was the biggest usb stick at the time. So when you plugged it in, it looked like a 32 GIG USB stick. But it was only like one gig and so it will overwrite data more than like one gig on there and so there were dodgy. So I basically spent the money on them, which I couldn't get back because you have to like send it through Western Union and there's no refund, like there's no paper, 30 day money back thing. And then I had sold them on Ebay, which I had to refund. So then I had all these Ebay fees to pay as well because I just thought, well that does. I'm just going to refund everyone that I sold them to it. I'm like, don't post it back to me because I don't want to pay for post it back because it's a dad anyway. Just keep it and here's your refund. But I think looking at side businesses, realizing a big lesso

[arve url="https://www.youtube.com/watch?v=Q-33_HAggx0" mode="lazyload" align="center" /] You can accelerate your way to financial freedom by having a successful business. How? That's what we talk about in today's episode. Transcription: Working in a job and investing in property is a great way to achieve financial freedom within a relatively quick time frame. We're talking 10, 15, 20 years, still earlier than most people achieve financial freedom, but you can actually accelerate that through having your own businesses. And this is something that both me and Ben did. We achieved financial freedom through using business and so we want us to talk today about how business can help accelerate your financial freedom or give you financial freedom. So we want to talk about the reasons why businesses good for financial freedom. Yeah. I think as you said, in terms of a get out of jail or I get out of a job that you absolutely hate. Scenario. Achieving financial freedom through a business can be a lot faster just because the short term cash can be significantly higher than, as you talked about before, like waiting that 15 year period to wait for your property to do it. Saying yes and so waiting for the property to go up in value, waiting for the cash flow for the property to go up as you pay off the debt or as the rent goes up does just take time and there's no two ways about it. Obviously you can do renovations and you can add value and things like that, but generally speaking, that is a time factor that you need to wait out and property. Whereas business you can take a lot more action to increase your income and to get to that financial freedom faster. So let's just talk a bit about the ways business can help people achieve financial freedom. So we'll give you guys some food for thought because I bet a lot of you out there haven't thought about starting your own business, haven't thought about starting your own side business, so this will just kind of get the wheels turning in your head. Get the cold's going as something to start thinking about. So looking at business, Bro, a lot of people think, oh, I might or might not be able to do that and it can be confronting for people to get the confidence to do it and the way that I think you and I did, it was really nice. You know, I started my own little businesses on the side when I was still working for someone else. So there was effectively absolutely no risk for me in starting something and that gave me the confidence with those short term wins, um, that you get from starting your own business and trial and error over time to enable me to now do, you know, full time business for myself for the last five years or with you and to just, you know, excel at it. So I think putting your toe in the water in terms of starting a business can be a great idea and there's probably plenty of things that you do day to day or week to week on unique knowledge and skills that you have that you could easily apply to starting a business. You know, if you're a project manager, then you could take on small projects outside of your full time job. If you're an it engineer, then you can, you know, pick your time, I suppose on the side or you can like start responding to stuff on air tasker or high pages if you're trading on the weekends and start building like a passive cashflow completely outside of what you're doing in your actual day to day life, which just can be put back into investing or it can be put back into savings and you can use that savings to obviously go full time into business and speed it up or just do what I did. And you know, I had these little businesses on the side for six years before I went full time in the business and I used the money I made from these little businesses to actually buy off buy properties or pay for renovations or money that I couldn't save at work with my family. Yeah. Well let's talk about the different ways business can actually help you achieve financial freedom. And the one that Ben's talking about is that you have your job, which pays your bills, hopefully you're saving a bit as well, and then you start a business on the side which can bring in extra sums of money and keep bringing in lump sums of money from jobs that you do and you can then take that extra money and use it as a deposit to invest so where you might not be able to do it through just your employment because you're not earning enough, you're not saving enough. It's really hard to get that deposit together. Was He at the second deposit together but still working in your job but then also starting a business on the side or contracting on the side. Then you can take that money and invest and accelerate your financial freedom that way. So that's what you did. That was what I started with and I think that massively accelerated my ability to invest o

[arve url="https://www.youtube.com/watch?v=pnM7YvcG7oE" mode="lazyload" align="center" /] Credit cards are everywhere and most people have one. Do we love or hate credit cards and why? We reveal our opinions in this episode. Transcription: Credit Card, some people love them, some people who absolutely hate them. In this episode we want to talk about our beliefs and our stances on credit cards, whether we have them, whether we like them, whether we think people should use them and all that sorta good stuff. So what's your stance on credit cards? Do you have any give out them. You know what my stance is probably like I'm not a credit card guy, I'm the reason I'm not a credit card guys because when I was 19 years of age I saved some money and went to Europe for three months with my mates and the bank before I went gave me this magic card which I didn't understand and I ended up spending $12,000 on it. I've a chance and came back in at that time. This was before like get on the zero percent interest for two years or whatever rollover that they're doing now. And it was Kinda like 20 percent interest I think, or 22 percent interest. It took me six full months of working after I came back at that time because I was working at a shitty librarian job to pay the bloody thing off. Yeah. And it kind of, I think that that sort of experience scars you for life. That's why I had a similar experience to that as well as always working as a casual, a news agency slash pharmacy and I had these two weeks where I worked like excessive amounts, like 60 hour weeks, two weeks in a row. Okay. So I just took in those payslips and they gave me a five grade even though generally out in the work, like two days a week. And so I ended up putting my honeymoon on that credit card as well as some other things combined with my wife's 10 grand car loan plus her. So we started out marriage at I was 20, she was 22 and we were 20, 40 grand at 20 grand, so 10 grand of credit card debt, 10 grand of personal loan and yeah, that took us years to pay off and like we got a bit of help from my mom as well in order to get out of that. So it was so easy to get into the debt and it was so difficult to get out of it that it kind of scarred me. And then I think the next time we got a credit card we got a $1,000 credit card. We just had a $1,000 limit which got up to two grand, you know, a few years later. And it's kind of stayed there. I had a $1,000 credit card actually after when I bought my first property, they threw one in because obviously they want to get everyone's spending and it had a $1,000 limit. They told me that if I increase the limit to 20 grand, I get three points for every dollar that I spent. And at that time I thought points for a cool thing, so I increased the limit to 20 k, I never actually spent much money on it and ended up getting enough points every couple of years to get afraid, Gopro. And then I can the credit card, like it was a silly thing of all. I probably spent like alternate 100 grand over two years and all sorts of expenses and now that's untrue. I don't know what I spent. That sounds like a lot funny. I'll tell you 1:50 grand a year. That time I was spending $100 on my credit card. But was it like. It seemed like I'd spent a lot of money to get a full $100. Toilet Gopro now probably getting wholesale for 200 bucks a pop. And that's the thing I think credit cards if used correctly. There's some people out there who are amazing with credit cards. I have this friend who now lives overseas, but he was a treasurer and so he just lived in excel like he loves excel spreadsheets, managing money, moving money around. That was his vibe. That was his job and how he loved to live and Hae used credit cards to the Max. He got the best out of them. He got the zero percent transfers, which you would then take that money and earn interest on it. He would get all the. He would get all the points and everything as well. Probably never paid a dime in interest ever. And got all these benefits from it. He knew how to do that. It was his passion to work with money and to move money around and stuff like that. I feel like he's the minority and he's the exception to the rule and credit cards can be used really well and some people do them really well. But I think the problem is the majority of us, myself included, don't use them that way. They don't take full advantage of the interest free period. All the points scheme. People use credit cards in a really positive way where they keep their wages in an offset account against their property. And then, um, you know, obviously spent everything on the credit card over that 60 day interest period. And then just have a walk back to zero thing just before the interest kicks in and you know, logically if you're, you know, you've got an extra $20,000 off your timel

[arve url="https://www.youtube.com/watch?v=ctSUZYoYYIw" mode="lazyload" align="center" /] Passive income won't happen by accident. You're not going to wake up one day magically financially free. You need to seek out passive income deliberately. Transcription: If you want to become financially free, one of the biggest things that you need to recognize is that passive income doesn't happen by accident. Unless you are extremely deliberate about creating passive income streams in your life. You're not going to create any. It's very unlikely that you're going to get passive income by accident and that one day you'll wake up financially free. You need to be really diligent and really focused about it. Hi, I'm Ryan from onproperty.com.au helping you achieve financial freedom and here is a segment from a longer video that I did with Ben Everingham where we talk exactly about this concept that how you need to be laser focused in order to create passive income in your life. I re-read Rich Dad, poor dad, just the other week because I want to do a review on it for the site, but then also because I'm in this situation when I'm like, okay, I want to get back to financial freedom and just the idea of constantly living your life, looking for ways to generate passive income is such a powerful thing and that might be through property or it might be through something else, but I feel like so many people just live their lives looking for earned income, looking for like to increase their employment income and they're not looking for ways to increase that passive income and like some people might buy one property and then they're done some. Like we've had the privilege of working with so many people who aren't like that and who do focus on passive income and buy property two, three, four and stuff like that. But even just looking in your regular life at different ways to generate passive income and that might be in small ways through like little side businesses. It might be through like investing in dividend paying stocks. It might be through property. Like once you start looking for the passive income opportunities then they're there., They're everywhere! like, well, you have to look for it and you have to be laser focused on it. It's like when you're trying to buy a new car and then you're like, I'm thinking about buying this car, and then all of a sudden you see it everywhere, everywhere. It's the same with passive income. You need to like force your brain to be like, I'm only going to look for passive income opportunities and then you see so many of them. Whereas if you're not thinking about that, it's not just going to happen naturally. You're not going to get to a point of financial freedom by accident, but no one gets there by accident and you have to be so deliberate about it. It has to be a design and then there has to be a discipline surrounding that for years and years. Yeah. My brother in law is like, he's really looking for passive income opportunities and now he's starting to find them in one that he found this week. Was this car companies, this advertising companies that if you've got a car, we'll pay you $100 a week, 400 bucks a month to wrap your car and whatever brand you know, and, and that's outside of my scope, but I'm thinking about someone in a pressure situation with two cars. It's 200 bucks a week extra cashflow which might just be to pay for the cars, will take the edge off the expenses in someone's life or if you're a single person, you know, actually 5,000 bucks in the hand takes all of the expenses away from owning a car. It's kind of like there's all these little niches out there that can become solutions if you need them. Yeah. Well, and that's the thing, like I'm looking at renting out the camper van through Airbnb or maybe through somewhere else, that extra income. Now that's not technically completely passive because you've obviously you've got to meet the people when they come, you know, you've got to clean the van after they've used it and stuff like that. So it's not completely passive, but it's an extra income stream in my life that didn't exist before and whether or not I do it, I'm not sure I need to look into it more, but now that we're going to need to buy a separate car and don't really want to sell the camper van, that's a way to get income that will probably pay for like all the rego insurance and petrol on the Camper van rego and insurance on the other cars as well. Huge amount of pressure off and then you can always sell it if you wanted to in the future anyway, and just to be able to get an income stream from that thing that we invested into. When you're looking for those opportunities they exists and

[arve url="https://www.youtube.com/watch?v=21Z5pvQmO-M" mode="lazyload" align="center" /] When it comes to inspecting a property one of the most important areas you are going to inspect is the inside of the property. Here are some tips of how to successfully inspect the inside of a property. Book Your Free Strategy Session Resources Related To This Episode Inspecting A Property Series Part 1 - Questions To Ask A Real Estate Agent Part 2 - How To Assess Street Appeal and The Surrounding Area Part 3 - How To Inspect The Outside of a Property Part 4 - How To Inspect The Inside of a Property Transcription: When it comes to inspecting a property, one of the most important areas that you're going to expect inspect is the inside of the property. And so in this episode we want us to talk about how to inspect the inside of a property. And so today I have with me Ben Everingham from pumped on property. This is a part of the series that we did on inspecting your property. We have already looked at questions to ask an agent. We've already looked at inspecting the street as well as the exterior of the property. If you haven't checked those out yet, go to on-property dot condo. You for sash inspect and we will list all the episodes over there so you can check them out. Um, but yeah, in this one we're talking specifically about the inside of the property, which you're going to want to do a thorough inspection of the inside because most often than not, the agent, we'll walk you around and he'll talk about the benefits or she'll talk about the benefits of the property. They weren't talking about the things that you actually need to know. You always walk through a property. We gave out really dark glasses on, like seeing everything that's bad or really, really various of glasses on and the agents going to make sure that you noticed the rose colored stuff. So this is just again another way of making sure after the property you've got an accurate picture of what it looks like and I, I take 50 odd fridays per property they don't inspect when I'm doing it for me because I just really want the non real estate.com version of what's going on there. And nonprofessional, those that had been like photoshop, the color, everything like that might guide your eyes, the blue that. So yeah. So there's a lot of stuff that we'll be covering in this video, so we do recommend that you go through with a checklist of your own. Again, the power in this inspection is not just doing one inspection, but it's in doing multiple inspections or different properties and then you can compare each property to each other and this will also help you when you're doing it. Multiple inspections to not forget the property, forget what it's like, which is definitely an issue. Had you present like that is the biggest issue that I used to face and then I had to jump on real estate.com in the order again and just re remember after saying 10, 15 properties in a day. And so the first thing that we want to look at is does the floorplan work? This is such a video on there's so many houses where the floor plans just don't work. Almost every property that was built again outside of the last three years had a floor plan that didn't work in more than 80 percent of what's being built now. Ad Doesn't want to hear. I've got investment properties where the floor plan shocking, but pulling out a couple of walls could dramatically change it and in fact the house I'll just fought with my wife like weighed just about the standard right now on him wherever ripping out some walls that just don't need to be there and I can't believe whatever even put there. Like it just blows my mind. But build used to like pokey little spaces for some reason. Yeah. And so this is a big one when comparing one house to another is whether the floor plan works, how livable is a is does it create a good vibe and a good space for people to live in? Because if you've got two houses that are similar price, similar areas, similar condition, but one has a great yeah, full plan and while it hasn't terrible one, unless the terrible one has an opportunity to knock down some walls and turn it into a great one, I will choose a completely unrenovated property with a great flow plane I've ever really, really nicely renovated property with a shocking one. And the reason I do that is when I was working for my previous company before I started this business, I was a marketing manager. We did a like basically a research study where we looked at 2000 Australians, moms and dads and what would the most important parts of behind for them. And it was the kitchen for the wife and it was the outside of the property backyard for the man. But what we found from doing that research was floor plan made everything work. And so when you walk into a plac

[arve url="https://www.youtube.com/watch?v=XoAHiEWauag" mode="lazyload" align="center" /] When it comes to inspecting a property you're going to want to have a good look at the outside of a property to see whether or not this is a property you want to invest in. Book Your Free Strategy Session Resources Related To This Episode Inspecting A Property Series Part 1 - Questions To Ask A Real Estate Agent Part 2 - How To Assess Street Appeal and The Surrounding Area Part 3 - How To Inspect The Outside of a Property Part 4 - How To Inspect The Inside of a Property How To Find A Property To Build A Granny Flat On 2 Properties To Financial Freedom Transcription: When it comes to inspecting a property, you're going to want to have a good look at the outside of the property, what condition it is, what's it made of, et Cetera, so that you can get a good idea of whether this is a property that you're going to want to invest in. So to have with me, Ben Everingham from pumped on property and this continues our series on inspecting a property, so if you haven't checked out the previous ones we did on questions to ask an agent as well as how to look at the surrounding street and area. Go to on property.com, forward slash inspect to see all the episodes that we've done there. But in this one we're going to be looking specifically at the outside of the property and some of the things that you should look at. So one of the things that we're saying off camera beforehand is there's a lot of things here that we're going to touch on and being able to write these down and go through each of these. When you're inspecting a lot of properties, it's very easy to forget which property is which, which one had the good thing, which I had all of this sort of stuff. What was the condition of the roof? You can't remember. And so having a notepad, a piece of paper or having a checklist like this can really help with that. So we'll go through a bunch of things, grabbing notepads and pen and write them down and then yeah, it's going to allow you to look back and know, forget 100 percent. Like the reason these started was because when I used to go to make properties for myself, I had 10 properties. Sometimes he'd take properties in a day in an area that I was looking at and by the end of the day I literally could not remember one property versus another. And so I built this checklist for myself just so that I could compare apples with apples really thoroughly when I walked away. And so that I could actually remember what I was looking at it properly yet. And so the first thing that we had to look at is how old is the house? How do you find this out? That's a tough one. Um, you can find it out an rp data, but that's a paid source. It's just sort of like a question to ask the agent really and take that with a grain of salt as well. Like they could tell you 30 years old, it could really be 50 or 60 or vice versa. Yeah. And everything that we're going to be talking about today as well. None of these are deal breakers. It's all just so you understand the property better, you understand its positives as well as this negatives. And as Ben said, you can compare apples to apples. So the power in doing this is not just doing it for one property, but the power in it is doing it on multiple properties and then comparing them to each other as well. Well as comparing their locations and their price and all of that sort of stuff as well. When you think about it, like if you have one big day where you inspect 12 properties, that's cool. But what if you're in the market for six months before you find what you want and maybe you find a property that perfectly tco boxes six weeks ago that you lose, now you're looking to replicate that property. It's kind of just keeps a living memory or a record of what you're trying to do, what you like about certain places. And what are deal breakers for you are not deal breakers. Okay. So let's go through this list. How old is the house? We talked about that. What's the shape of the land? I like to buy rectangles personally with nice big frontage is. So that's just important for me because I liked it. Also build Julene Cam or granny flats in my property. So this is especially going to be important if you are wanting to do the two properties to financial freedom strategy where you want to build a granny flat. So having the right shape of a blog where you can build a granny flat on it is going to be important than maybe stumble blocks where it's not going to be possible just because of the shape of the blog and the position of the House on the block position of the house is super important. So we're looking for something well positioned at the France so that if you're not building a granny flat, you've got a nice big backyard for your te

[arve url="https://www.youtube.com/watch?v=rxDo-tO1_Dg" mode="lazyload" align="center" /] You need to look at the street and surrounding areas to know whether or not you need to invest in a property. Here are some tips on how to assess the surrounding area of a property. Book Your Free Strategy Session Resources Related To This Episode Inspecting A Property Series Part 1 - Questions To Ask A Real Estate Agent Part 2 - How To Assess Street Appeal and The Surrounding Area Part 3 - How To Inspect The Outside of a Property Part 4 - How To Inspect The Inside of a Property How To Find The Best Properties in a Suburb Investing With an Owner Occupier Mindset Transcription: When it comes to inspecting a property, not only do you need to ask the agent questions, inspect the outside and inside of the property, but you also need to look at the street as well as the surrounding areas to see what it's like. So in this episode I'll go with me, Ben Everingham from pumped on property and we're going to be talking about this aspect of inspecting a property which is looking at the street and surrounding area. So I think it's super important. Some of these stuff can be done on your computer at home before you get out there and some of it is really that touchy feely stuff that you need I think is really important. Before you actually buy. You have and so me and ben actually did a video on how to choose the best property in a suburb, which I will link up in the description down below. But that really talks about a whole bunch of this sort of stuff that you can do online. Like talking about distance of high schools, primary schools, bus stops, train stations, all of that sort of stuff. You can do that easily from your desktop online and so you would kind of do that first and now we want to talk about what to do when you're actually at the property in person 100 percent. So we've got a bunch of different questions that you ask your team ask when they're looking at a property. So we're just going to kind of work through some of that. The first one being an important one is, is this property on a main road? Now? This is one that you should be able to tell from Google maps, but not necessarily when you're in the area. See the traffic and it becomes a lot easier. So we, the reason we don't want to buy and main roads is, you know, when there's suburbs with $400,000 on average, maybe you can buy a house on a quiet street for 400 k and the house on the main roads with $390,000. But as the properties values go to a million dollars or $2,000,000 in 30 years time. Um, the difference between the main road and a and a quiet street can literally be half a million bucks. So it's really, really important to remember that for future capital growth and that's why he asked that one and the next one is, are the houses in the street well maintained? So that's also something hard to find out. You could use Google street view, but being there in person and just getting the vibe of the street, looking at your neighbors, looking at the other houses in the street, how well areas maintain, gives you an idea of how many people in that area, uh, owner occupiers, how many are going to be improving their properties, what gentrification is happening, all of that sort of stuff. What exactly is it that you guys look for? It's like that's a touchy feely one. And again, like it's, I look for what he wants. That's, you know, how many houses in the schrager renovated is another thing that we've looked for. But how, how many people are actually taking care of their cars? How many people are taken care of their lawns, you know, what are the gardens look like in the gardens in decimate grader? Are they owner occupier? What's just the general sense of the neighborhood? Because as Ryan said, gentrification is absolutely key for people to pay more in the future. We want a higher percentage of annual occupiers with surplus income, spending money on their home and that is what pulls up values long term. What do you think about, because I've heard people talk about, I believe that buying in an area with a high percentage of owner occupiers kind of increases your chance for capital growth because everyone cares more about their property as well as there's obviously an occupier demand in that area, which are the people that you'd want to sell to that are going to be the emotional buyers that are going to push the price up, but then there's other flip side. Other investors talk about where they want areas that if there is such a high percentage of owner occupiers, they worry that they're not going to rent their property. That is the sheep it opinion I've ever had in my life life. Today's people who was saying that an area with a high end or occupier percentage is a bad thing. Honestly, that is just the worst infected

[arve url="https://www.youtube.com/watch?v=6Y4bg-WzmGM" mode="lazyload" align="center" /] How do you talk to a real estate agent and what questions do you ask them to get better information to buy better properties at a better price. Book Your Free Strategy Session Resources Related To This Episode Inspecting A Property Series Part 1 - Questions To Ask A Real Estate Agent Part 2 - How To Assess Street Appeal and The Surrounding Area Part 3 - How To Inspect The Outside of a Property Part 4 - How To Inspect The Inside of a Property How To Inspect A Property Before The Open Home Transcription: When it comes to inspecting a property, there's a lot of different things to think about and a lot of things that you need to look for as well as do as well as ask and so tonight when he was Ben Everingham from pumped on property, we are on a couch. That property is not the property, so it happened a lot about this before today's video started company cash pick up the property can definitely not taking your pants from anywhere else that we know now, but we'd love those guys. Focus is also if you guys haven't checked it out, but okay, when it comes to inspecting a property, there's a lot of different aspects to it and so we wanted to break this into a few different episodes and the first one, this one here, we're going to be talking about questions to ask the agent. So we're gonna be talking about how to talk to that agent. Different things that you can ask the agent to really give you a good idea of where the property is, where the negotiating room is and all of that sort of stuff. And this is the thing that we actually use, like we're literally walking through this series of videos exactly what we do as a business just so that you've got a tool set that you can ask better questions to get better information to hopefully buy property at cheaper prices using this information. Yeah. And the stuff that we're going through has been built over a number of years. So ben and his team over here at pumped on property had built it and space within. Every time they went to an inspection and they miss something. It's like, okay, we need to, but there's something. Listen, make sure we don't miss it next time. How many mistakes can bend personally making these portfolio before he creates a full system to not make those mistakes again, you're getting this giant spreadsheet now. I'll just try and remember it. Difference in how we work, but okay. When it comes to questions for the agent, we just want to say from the outset that it is really good to book an open for inspection rather than trying to do this at a open to the public open for inspection. So I did do a video with Simon on how to actually make that happen. So if you haven't checked that out, we'll leave the links in the description down below, but you want to talk about why that's so important before we get into what questions are. It's so important because at an open home, one of two things happen. The agent is freaking out about nobody being there and then every single person that walks through the door, they have to have these meaningful conversation with or there's just heaps of people there and you can't spend meaningful time with them. The second reason and the most important reason to me why it's important is you want to build a personal relationship with these guys and actually get, give them the sense that this is important to you, that you're a serious buyer so that they treat everything that you say, you know as it's going to actually affect us out. Yeah, and so when you're at an open public open for inspection, there's so many things that can distract the agent and it can be so and distract you as well and having a meaningful conversation with the agent, it's going to be more difficult. Whereas if you're building that relationship one on one through an inspection that you booked, then it's much easier to ask these questions and, and to put that into perspective a business we have never actually attended a public inspection since we started because there's absolutely no point in going there. Yeah, and so we recommend that you do the same and it's not very hard to do either to poker. So we've written down a couple of questions and by we, I mean all the work here. This is five years of Ryan's mind coming onto the first question I absolutely love, which is asking the agent, when did the current buy this property and for how much? Why do you ask that question when you can find it online? It's so funny that you say that because I actually go and find it online before I go and then I asked the agent to see straight away the agent's bullshitter or they actually earn openagent and secondly, if the agent actually knows anything about the property or not, I'm there to re

[arve url="https://www.youtube.com/watch?v=FyZ81FnIu40" mode="lazyload" align="center" /] Bad financial decisions can hold you back, or they can be a catalyst to push you forward towards even more wealth. What will they be in your life? Resources Related To This Episode Rich Dad Poor Dad By Robert Kiyosaki If You Want To Be Rich Focus On This One Thing Transcription: There comes a time in all of our lives where we make poor financial decisions, but what you do with those financial decisions will determine whether you become richer as a result or whether you become for a as a result. So today's episode, I want to talk about some of my poor financial decisions and how they actually led me to create more wealth in my life and hopefully this will encourage you and the way that you approach your setbacks and use them as an actual catapult to move you forward. So Hey, I'm Ryan from [inaudible] Dot Com dot a U. I help people achieve financial freedom and the idea for this episode came as a result of this skateboard which is behind me. Now. This has recently been painted by my wife who is a fantastic artist bus. As you can see, it is extremely, extremely rusted. This has been outside for quite some time. The bottom is also very destroyed. This skateboard. It means a lot to me. It is a joy to ride. It has huge sentimental value because it's been in my life for over 10 years now. I bought it when I was with my wife before she was my wife. All of my kids had re written on the skateboard and I just love the way that it feels, so what I did was I got my wife to repaint it as you can see and went to the skateboard shop yesterday to try and get some new bearings for it so I could continue to use it as well as some grip tape thinking, you know, might cost me 40 bucks or something like that. My budget isn't super tight, but it's also not super loosey goosey either. And so went to the skate shop, ended up paying about 80 bucks for bearings and grip tape and then in the end turned out that the old bearings that actually fused onto the truck and we couldn't get them off, couldn't get a refund for them, was able to get a credit. But basically it was about $80 down with nothing to show for it. Which kind of punched a hole in our budget this week that we weren't expecting. I wasn't expected to be $80 down and still not have a skateboard to show for it and to have to invest a couple of hundred dollars to fix this thing if I want. It's actually gonna be more expensive to fix it than it is going to be to buy a brand new one. So that was a bit of a setback which made me really, really frustrated yesterday. I just hate it when you invest money into things and it just doesn't work out. So spent $80 and basically got nothing for it. My wife had a similar situation where she has to go to a funeral and she purchased a dress for the funeral. She doesn't own a funeral dress and it ended up being the wrong one, but it was on sale so she couldn't take it back. So there was another $40. Another mistake we had made in our budget that we couldn't really recover from because she couldn't return that dress even though it wasn't actually. Right. So sometimes you have financial setbacks like this. It might be small financial setbacks like the one that we've had this week where we've just kind of overspent on things that really didn't work out or it could have been larger setbacks. I've had businesses in the past that have failed. I've invested thousands of dollars into different projects that never turned out to be anything. I bought domain names for thousand dollars that I had big plans for that never made me a dime. You guys know the USB stick story where we were really tight on cash and I spent our savings at the time, our entire savings on USB sticks from China to resell on Ebay and ended up getting fraudulent USB six that weren't actually what they said they were and so lost a great deal of money there. So there's a lot of financial setbacks that happen in your life, but what you do as a result of those financial setbacks, I think we'll have a big impact on whether or not you become wealthy. So for me, using the skateboard as an example, I was actually really upset and frustrated at the situation because I know that this is going to blow out our budget for the week and we weren't in budget last week either. And so that was really frustrating for me. Something that has great sentimental value is just currently still broken and has cost me a great deal of money, not a great deal but a bit of money and so I was a bit upset about it, but what I decided to do as a result of this setback was to use it to motivate me to go forward. So now I'm $80 in the hole with this ad in my wife's dress that was $40, $120 in the hole. As a result of mistakes that we've made this week, we can wallow

[arve url="https://www.youtube.com/watch?v=M8mqdqYnBcA" mode="lazyload" align="center" /] There is power in having small financial goals that once achieved allow you to take stock and then decide on the next goal. In this episode I'm joined by my wife Kelly and we discuss why big financial goals can actually be a bad idea and how a goal like baseline financial freedom can set you up for success. Resources Related To This Episode 2 Properties To Financial Freedom Transcription: Hi Guys, Ryan here from on property and today I am joined by Kelly. Hey guys. And we wanted to talk about the power of small financial goals in your life. And this discussion kind of started when we're talking about the power of aiming for baseline financial freedom rather than extreme wealth, but then kind of evolved from there. So do you wanna kind of expand on this idea? Well, I always loved the idea of they're actually achievable as opposed to like these ginormous things that, well I certainly feel overwhelmed by goals that are just so far out there in the future and I love the ID that you can kind of set a goal that keeps you from just not being present in your life. Like you've, you've setting a goal that's like decades in the future. You're like, you're not going to look up for decades. Like you're not going to be present in your life until you achieve that goal after, if you hopefully achieve that goal and even then you're going to be that same person that you are when you said it. Yup. And so really the revelation for us came, I had the goal that I wanted to be financially by 30 thing. I wanted to be a millionaire as well. It's definitely didn't. But I had that goal and head down, bum up for many years. We strived after that goal. I would work long hours, we still had kids and we'll still living life, but we kind of felt like will sleep walking through a bit of our life. And then we got to the point where it was like, okay, we don't really need to work anymore. We're not rich by any stretch of the imagination, but our bills are paid and our lifestyle is covered. And then we got to that point and took stock and we realized how unhappy you were. Totally. That was pretty crazy that time, wasn't it? Well then as well as, you know, we were different people when we set those goals and we've probably set them for the wrong reasons, which is would be what a lot of people do because you're just young and you just think you idolize people that are already a decade ahead of you with what they've got and they look like they have it altogether and you analyze the people on instagram and the people on Youtube who looked like they spend their lives flying in private jets and driving lamborghinis or amazing cars wrong with doing that. If you know, if you're, if that's what you want and that's nothing probably prep. Yeah. It's just being more realistic, isn't it? So that you're just not missing out on your life striving for a goal that you don't even necessarily want. Yeah, so I think the big revelation for me was that when we hit that goal a couple of years ago and then I wasn't happy, I thought I would be happy when I achieve financial freedom and I wasn't. And it took us a journey of 18 months, two years to get to where we are now. We feel more comfortable in our lives and in our own skin and in our relationship. Yep. Um, so much of that as well as like really just slowing your life down, isn't it? So if achieving small goals, you've got time to achieve when you've achieved the goal, you can stop, take stock, look around you and then set a new one and you can do that at intervals throughout your life, which I think is so much safer as well. So be on target with what you actually want your life to look like. I liked what you said about how you changed as a person over the decades and one of the problems that I see is that people set the goal based on not, not really knowing what it's going to be like when they get there, but they sent this highly ambitious financial goal to be super wealthy, to have a massive mansion on the beach in Sydney, to have the cars and the lifestyle and everything like that. They set that goal head down, bum up for 10 years, 20 years, 30 years, 40 years, and then they waste all this time in their life, achieve it, and then they realize that stuff didn't make them happy. Anyway. That's my biggest fear is that people will spend all of this time striving for a goal that in the end won't make them happy because you don't actually know until you achieve it, how you're going to feel once you achieve it. Definitely. And that frightens me. Well, it's funny as well, like how uncomfortable it is. I mean when you're setting, when you're setting a goal. I remember talking to her, one of our friends an

[arve url="https://www.youtube.com/watch?v=X8LsIJHM0jA" mode="lazyload" align="center" /] Today I share what has become the most important and impactful quote in my life. It has pulled me through many dark times and I want to share it with you today in the hopes that it inspires some of you out there. Resources Related To This Episode The Mexican Fisherman Story From The 4 Hour Work Week Transcription: Today I want to share my absolute favorite quote of all time. This is actually pretty personal for me. This quote has seen me through a lot of dark days, has helped me a lot and continues to inspire me today to live the lifestyle that I live, to live quite an alternative life and to not worry what people think about me, but to try and live my truth and so I want to share this quote with you tonight. It's a bit of a long quote, but I think that you'll enjoy it and hopefully it will put a smile on your day or maybe it will become one of your mantras as well like it has in my life. And so this quote is from Marianne Williamson who I believe is South Africa. It's often attributed to Nelson Mandela by accident, but he never actually said it. The quotes quote our deepest fear and it goes like this. Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It's our light, not our darkness that most frightens us. We ask ourselves, who am I to be brilliant, gorgeous, talented, fabulous. Actually, who are you not to be? You're a child of God. Your playing small does not serve the world. There's nothing enlightened about shrinking so that other people won't feel insecure around you. We are all meant to shine as children do. We were born to make manifest the glory of God that's within us and it's not just in some of us. It's in everyone. As we let our own light shine, we unconsciously give other people permission to do the same. As we are liberated from our own fear, our presence automatically liberates others. Say that. That quote I originally discovered in the movie coach Carter, which you haven't seen that movie. That is one of my favorite movies of all time. It's originally in that movie, slightly altered in that movie, but that is where I first heard it and I was like, oh my God, that resonates with me so much. I love that quote. I have always felt a little bit different to other people. As you can see, if you've been following me for any amount of time on not your standard real estate guy out there, the way that I approach investing and Finances and financial freedom and wealth is very different to most people and the way I do my life is very different to most people. Me and my wife has always really felt that we were kind of pioneering that were out on our own. I've never had a mentor in my life so to speak because there's never really been anyone that has lived the exact life that I want to live. So I've never had someone you know, really get behind me and mentor me to be all that it can be. I've always felt different. I always felt on my own, which is kind of weird because in the early days when I was younger, I really, for a mentor, I really pined for someone to look at me and to see me and see the potential in me and invest in me and to give me that mentorship and it just never happened in my life. So I had to do it myself. I mentored myself through reading shit, tons of books, how lots of podcasts, lots of videos, lots of educational content. I mentored myself, uh, and I just decided to live my own life when I started on property in the early days. I really wanted to help people and I still do, but there was a lot of opportunities to make money that would not help people to sell new build properties that were overpriced to pay the bills for me and my family. And I decided in those early days that I would skip paying my bills and skip being able to afford to put food on the table at that point in time to do the right thing by my audience and to do the right thing that I felt in my heart. And yeah, so I believe that we all have greatness in us. I believe that, you know, there is some truth in this, that our deepest fear is not that we're inadequate, but that our deepest fear is that we are powerful beyond measure. It's very difficult to put your head up like the tall poppy syndrome that we talk about here in Australia. When someone sticks their head up, when someone rises above the rest, they get cut down. I don't know if I've experienced that in my life where I have actually been cut down for what I'm doing. I haven't had mentors or people that have really supported me apart from my wife who has been the best support I could hope for, but I don't feel like I've really been cut down, but yeah, I love the end of this quote where it says, as we let our own light shine, we unconsciously give other people permission

[arve url="https://www.youtube.com/watch?v=q5enuaXH0Ac" mode="lazyload" align="center" /] The Mexican Fisherman story, which I originally read in the 4 Hour Work Week by Tim Ferris, completely changed the way I viewed wealth and financial freedom. Resources Related To This Episode The 4 Hour Work Week By Tim Ferris 2 Properties To Financial Freedom 3 Stages Of Property Investing Transcription: Today I want to share with you a little story that completely changed the way that I view business and the way that I viewed life. It was extremely impactful for me and that's why now I live a pretty conservative life. I focus on lifestyle and enjoyment. I focus on spending time with my family and with my friends and being creative and just loving life rather than striving for extreme well. So this was this story that I'm going to share today was hugely the defining for me and it comes from the four hour work week by Tim Ferris. If you haven't read it yet, I will leave links in the description down below or you can go to on property.com forward slash four hour and that will link through to the book. This story comes from that and I just think it is a great way to look at life and to look at finances as well. So the story's called the Mexican fisherman and American banker was that the peer of a small coastal Mexican village. When a small boat with just one fisherman docked inside the small boat with several large yellowfin tuna, the American complimented that Mexican on the quality of his fish and asked how long it took to catch that. The Mexican replied only a little while. The American then asked, why didn't he stay out longer and catch more fish? The Mexicans said he had enough to support his family's needs but the American than us, but what do you do with the rest of your time? The Mexican fisherman said, I sleep late. Fish a little play with my children. Take css with my wife, Maria, stroll into the village each evening where our sip wine and play guitar with my Amigos. I have a full and busy life. The American scuffed. I'm a Harvard Mba and can help you. You should spend more time fishing and with the proceeds, buy a bigger boat with the proceeds from the bigger boat. You could buy several boats and eventually you'd have a fleet of fishing boats. Instead of selling your catch to a middleman, you'd sell directly to the processor. Eventually opening your own cannery. You control the product processing and distribution. You would need to leave this small coastal fishing village and moved to Mexico City, then La and eventually New York City where you'll run your expanding enterprise. The Mexican fisherman asked, but how long will that take to which the American replied, 15 to 20 years, but then what? Ask the Mexican. The American laughed and said, that's the best part. When the time is right, you will announce an IPO and sell your company stock to the public and become very rich. You would make millions, millions. Then what the American said. Then you would retire. Move to a small coastal fishing village where you would sleep late. Fish a little play with your friends or play with your kids. Take css with your wife, stroll to the village in the evenings where you could sit wine and play your guitar with your Amigos, and so that fisherman story, the Mexican fisherman story had a huge impact on my life and the way that I saw wealth and just that line there. That is you could make millions and then the Mexican fisherman says millions. Then what in the outcome was the exact life that he had. It's just crazy to think about that. There's so many of us. We strive after wealth. We strive after extreme wealth so we can have a particular life, but that particular life is actually potentially accessible to us right now. It can be accessible with a little bit of work, with enough work so that we enjoy our jobs and that we have enough money to get by and to do the things that we love to do. We don't need extreme wealth. In order to do that, we can do that with a job. We can do that with a business. You can do that in your life right now. One of the reasons I'm so passionate about sharing the two properties to financial freedom strategy is that a lot of people aren't comfortable doing what the Mexican fisherman did, which is that his income is directly tied to what he produces that day and while this story makes it sound really easily. Obviously in life there's a lot of things that don't happen the way you plan, so he might not be able to fish every day. He might get sick, he might have medical expenses that he needs to pay for it if he was more wealthy. So obviously there's a combination of growing your wealth as well as living like the Mexican fisherman and that's why I think the two properties to financial freedom strategy comes into play because most people don't want to live paycheck to payche

[arve url="https://www.youtube.com/watch?v=rn5G6P6AjZU" mode="lazyload" align="center" /] Cash-on-cash return is a way to measure the success of a property investment. But what exactly is cash-on-cash return, why is it useful and how do you calculate it? Resources Related To This Episode Property Tools The 2 Key Elements For Financial Freedom Transcription: There are many different ways to measure the success of an investment property and there's many different metrics you can use to determine whether or not the property is successful. People look at capital growth, they look at cashflow. There's so many different ways that you can measure growth. One of those is cash on cash return, and in this episode I want to talk about exactly what cash on cash return is and why you may want to use this metric to work out whether or not your property is performing as well as it could, and also show you how to calculate it as well. Hi, I'm Ryan from on-property dot com dot EU. I help people achieve financial freedom and understanding your numbers is really important towards achieving financial freedom. So what we're gonna do is we're going to look at a specific property here and look at what the cash on cash return is, which is gonna. Help us talk about it. So here we have a property in Mount Austin which is near Wogawoga and it's asking price is 249,900. Renting for about 3:50, two, three 60 per week. So what I'm gonna do is I'm going to go to a property tools.com dot a u, which is a calculator that I created myself to do these calculations. And it also does cash on cash return. So here we are in the calculator. Let's go ahead and put in the asking price of $249,000. Two hundred 49,000, 900 renting for. We'll put 3:50 per week. So this calculator, we'll go through and look at the expenses of the property, look at maintenance, your interest repayments, etc. And so we have a weekly cashflow before tax of about 36, $37. So thAt's one way to look at it. Uh, and to say how much are we going to get per week? Uh, it's about $2,000 per year. So not a huge amount of money. Another way to look at it is the cash on cash return. So we scroll down, we can see the cash on cash return before tax as well as after tax. So cash and cash return before tax of two point eight percent. So let's have a look at what exactly is cash on cash return. So cash on cash return simply is how much cash you're getting back for the amount of cash that you put in. Now if you're making an investment in say a term deposit at a bank, this is a really simple calculation to do your cash on cash return is whatever they give you back. So if you put in a thousand dollars into a term deposit at three percent, then you're getting a three percent cash on cash return. You're getting three percent back of the cash that you put in. with property it's a little bit different because you're putting in a deposit and then you're borrowing money from the bank in order to purchase that property. So what the cash on cash returns looking at is how much cash are you getting back each year in terms of positive cashflow and how does that compare to the amount of cash you put into the deal in terms of your deposit as well as stamp judy and other closing costs as well. So why is this useful? I think this is useful because it allows you to compare your investment to other investments that are out there in terms of putting your money in a term deposit, in terms of putting your money in the stock market, et cetera. So before you even take into account capital growth and how much money you can make, they're looking at your cash on cash return. You can say, how much money am I going to get back each year as an investment even if this property doesn't go up in value? And so I really liked that. I also liked the idea that robert kiyosaki has talked about called return of investment, or maybe it was steve mcknight that talked about it and basically in order to purchase a property, you need a deposit. In order to purchase another property, you're going to need another deposit. So you're going to want to get your investment back. So whichever money you put in as a deposit, you're going to want to get that back. So then you can go and reinvest it elsewhere. And then effectively you're playing with house money. They call it or you've effectively got your money back and then anything else at that property does is cream on top of that. You can take that investment and go and apply it somewhere else. So knowing your cash on cash return can also help you know how quickly you're going to return your investment. Get your money back so you can go ahead and invest. Again, it can also be useful to compare properties that are in different price ranges and see how they perform. Because if you were just to look at the weekly cashflow

[arve url="https://www.youtube.com/watch?v=GtEKFQw7fEo" mode="lazyload" align="center" /] If done correctly properties can actually do the work required to create financial freedom for you, with little financial input from yourself. This is a powerful concept and makes achieving financial freedom seem a hell of a lot easier. Resources Related To This Episode 2 Properties To Financial Freedom Transcription: Tonight, I want to share with you a really important concept which may change the way that you look at property investing and achieving financial freedom. Now, that is a huge statement to make at the very start of an episode, but I really do believe that this concept is so powerful that it just makes financial freedom seems so much easier than what you may think it is high on Ryan from on-property dot com dot EU. I help people achieve financial freedom and today we're talking about the concept that properties, if invested correctly, will actually go on and do the work to create financial freedom for you. So you purchased the properties, you acquire them, you rent them out, and then they pay themselves off and eventually there'll be completely paid off. You can then take the rental income and live off it and you'll be financially free. So rather than paying down the debt yourself, those properties are working hard to pay themselves off. And eventually we'll go on to deliver you financial freedom. So in this episode we're going to get into the nitty gritty. We're going to look at some numbers with this. So you can see it in action and then hopefully this is just going to flick a switch in your mind that you realize, oh, just acquiring these properties as the hard work and then the properties do most of the work towards achieving financial freedom for you. So we'll jump into the data here and we're going to be looking at the details around the two properties to financial freedom strategy. So if you haven't checked that out yet, you should check that out. That's an on-property dot condo. You forward slash fibo eight we go into in complete detail. But if you haven't seen it, the basic strategy is you purchase a house for around 400,000 and you build a granny flat which cost around 110,000. So total cost is $510,000. You then rent the house for about 4:20 per week. You rent the granny flat for about two 80 per week. So you've got about $700 per week coming in. That's the basic strategy. You just do that twice by a house, build a granny flat, buy a house, build a granny flat, so you don't actually need to watch that video, but I do suggest you watch it at on-property dot com dot EU four slash five slash eight, or in the links down below if you haven't already, because we just talked through it in more detail. So I'm going to assume a 20 percent deposit in this, which means we're going to be very close to cashflow neutral if not cashflow positive in the first year when we start. If you use a lower deposit, you may start negatively geared and you need to work yourself out of that. Um, but yeah, it using a 20 percent deposit which should be cashflow neutral from day one. So let's look at some of the data here in the rental income. This is not the most accurate way to predict the cashflow of the property, but it's all right and it's going to be good for what we're looking at today to just explore this concept in a bit more detail. And that's the idea that 20 percent of our rental income is going to go on expenses. So that's things like manager fees, counsel rates, insurances, all of that sort of stuff. So we'll take the rental income, which as we can see over here is $700 per week and then we'll take away 20 percent of that. And so here in this column is our rental income after expenses. So for that first year we're looking at about $560 rent leftover after our expenses. And we're going to use that money to pay off our loan first. And then anything left over, we could either take that, put it in our pocket or we could go ahead and spend it. So if we jump over to the loan, we can see that the weekly payment for our loan is $550 per week. So after the 20 percent of expenses, we've got five slash 60 left, then we've got our loan of 5:50. And so, you know, give or take $10 there. So we're looking like we're in a positive cashflow position. So what have we done so far? We've worked hard, we've saved a deposit, we've then gone out and purchased this property for $400,000 and rented it for, for 20 per week. We've also gone out and build a granny flat for 110,000 and rented that for two 80 per week. So that's what we've done. And now we're going to project into the future and watch how this property is going to pay itself off. So in this sheet here, I've got all the years from year one down to year 25 a

[arve url="https://www.youtube.com/watch?v=kcv9QVwhcj8" mode="lazyload" align="center" /] Building a granny flat isn't a difficult process. In this episode we share the exact granny flat building process including what you need to do, how long it takes and some important things to think about. Book Your Free Strategy Session With Pumped On Property Resources Related To This Episode How To Find A Property To Build A Granny Flat On How To Not Over Pay For A new Build Property Handovers.com 2 Properties To Financial Freedom Transcription: When it comes to building a granny flat, it can be a little overwhelming to think about what's it going to be like to build this granny flat, how hard is it going to be? But it's actually a really simple process and so today I have with me Ben Everingham. Why is I jumped from pumped on property event Iran and we're going to be talking about the granny flat building process. So what is it like to go through this process? So if you're thinking about investing using the two properties to financial freedom strategy that we've talked about, you're thinking of using that strategy, purchasing a property and building a granny flat, what is it going to be like once you purchased that property and now you want to build the granny flat, how does that work? So for those of you out there a bit worried about that or just want to get I guess a teaser and you know, really understand the process. That's what we're here for today. So pen, how many granny flats have you built personally yourself or help it will not built yourself but hire to have built. I've done it without my own hands because I'm hopeless. You definitely. I'm not a trade. You can tell them I competed, man. Look at my posture and my hands, but I've built a number of these things myself. I've built them on existing homes. I've also found piece of land and build the house and the granny flat at the same time. And as a business we've helped a lot of clients in Sydney and Brisbane execute on this strategy. But what I wanted to say, as you mentioned it, is super, super simple to build a granny flat and people should not feel overwhelmed about it. Yep. So first thing you need to do before you go ahead and do this is to make sure that you can legally build and rent out a granny flat on your block. We've talked about how to find the right block for these granny flats in the previous episode. So if you haven't checked that out, go to on-property dot Condo, you four dash five, 48, and you can see the details over there. So we're assuming that you have the right block to build this, that you know, that you meet the council regulations and the state regulations to build a granny flat. So now it's just a process of getting it built. And so the first step is obviously to get a design for the property. Yeah. So the design is the most important thing. And you've always putting on your tenant hat or your own or occupy hat and going, what is the most functional design for this site? I've got a designer called the pumped on property. We pay, I pay one, which is a big rectangle. Um, you know, I wish I could draw this Adam, identify the technology, do it, but let's think about a big rectangle. You've got a big bedroom on one side you've got a middle area which is your lounge room with the kitchen. And then on the side you've got a smaller bedroom with a bathroom slash laundry. So it's a big box. That's the 55 to 60 square made design, which is pretty much what you can build in most places in Australia. And that rent's really, really well. And it's got functional space for everything that people need. Yup. And so with most people, when they're getting design, do they need to go to an architect to people use granny flat company, so they contact local builders. What do most people do? I have some and pretty pimped architecturally designed granny flats, but I would not recommend that for someone looking to spend a hundred and 10 to 115, so get rid of the granny flat builder. Obviously they're the specialists. They will have a heap of designs that they've built for other people, which you can have a look at effectively. You've got to go to them with a price because they can easily get carried away with the design and build something that you may or may not need for that market. So talk to the granny flat builder, come up with a functional design for the site. Now there's three parts of the design. There's the physical granny flat design, and then there's the site plan, which I think is equally important and not a lot of people focus on the site plan. When I'm talking about the site plan, I'm talking about the position of the house, the position of the granny flat, the position of the fencing and the driveways, etc. To make sure tha

[arve url="https://www.youtube.com/watch?v=HEVkseXw2H8" mode="lazyload" align="center" /] The $1,000 Project by Canna Campbell is a book about achieving financial freedom one step at a time. In this book review I talk about the core concepts in the book, what I liked about it and how I'm applying it to my life. Get The $1,000 Project Book Get The $1,000 Project Audiobook Sugar Mamma Youtube Channel Transcription: Thousand dollar. Hey everyone. Ryan here from on property and in this episode I want to do a book review of a book that I've just read called the thousand dollar project by Canna Campbell. This book is a really good book to help you take significant steps towards your financial freedom, but to do it a little bit at a time. So I just finished reading this will actually I listened to the audio book and so I'm excited to share with you guys what this book is about, what I thought about it, and then you can decide whether or not you want to pick it up for yourself. So I first discovered Canna Campbell through her youtube channel called Sugar Mama. If you haven't checked it out, go ahead and check that out. She has lots of great tips on personal finance and budgeting and things like that. So I found her through there, discovered that she had written a book, purchase the book it got delivered, not gonna lie. Uh, I got about a quarter of the way through the book, as you guys might know. I'm not a big book reader. I'm a big book listener now, so I love audiobooks, got about a quarter of the way through and then found out the audio book was coming out, so I waited. When the audio book came out, I listened to it and got through it in one day, so I just smashed through it as I was picking the kids up from school and then listen to it at night. So really great book and I love this concept of the thousand dollar project. So the concept is really simple and the concert is saving a thousand dollars at a time and then using that money to put it towards your financial future. And so that can be the way Canada does it, which is invest in shares and get passive income from shares or it could be anything from saving a house deposit to paying off debt to all of these different things. But the core idea of the book, the core idea of the thousand dollar project is to get expansive with your mindset around money. So rather than just doing the day to day, living paycheck to paycheck, the thousand dollar project encourages you to look outside of your job, look outside of your current budget, and look for ways to earn extra money to save towards a thousand dollar project. So what you do is you set up a separate bank account online. So I'm with ing and so basically I set up a separate online savings account and anything that I can do extra, I then put into that savings account. When the savings account reaches the magical number of a thousand dollars. Then you go ahead and you apply that thousand dollars somewhere, as I said, that might be paying off debt and might be towards a deposit or it could be as Canada suggest to invest in shares that deliver you passive income. So that's the core concept of the thousand dollar project. It's pretty simple, but just the idea to look outside of your current situation, to look outside of your current job and to look for opportunities of different ways that you can make money. Whether that be through starting a side business, whether it be from selling old things like selling your clothes or selling your old game cube controllers or whatever it may be. There's different ways to earn extra money to put towards the thousand dollar project. She also talks about ways to save money. So let's say you're going to go out for dinner with a friend. You're going to get entrees, mains, some wines, things like that. You expect to be out of pocket $50, but your friend goes ahead and shout you for that dinner where you were expecting to pay $50. So in that instance you would take that $50, put it in your thousand dollar project savings account, and then you would be $50 closer to that thousand dollar project. So whole bunch of different ways. She gives a whole bunch of ideas of how to make extra money or save extra money or get money towards the thousand dollar project. So for those of you out there who are struggling to think about how can I make money outside of my job, how can I make money outside of my current income? This book has some good ideas in there. Now I am an online business owner. I run multiple different businesses. So bunch of those ideas weren't really applicable personally to me in my life because if I'm going to try and make extra money I'll do it through my business. But for a lot of you guys out there, I think this is going to be really helpful. She also goes in, there is a section where she talks about investing in shares and how to invest in shares. Now I have not investe

[arve url="https://www.youtube.com/watch?v=FXlxavKJXMM" mode="lazyload" align="center" /] There are 3 distinct phases to property investing which can give you a good framework for what to focus on. Foundation, Acceleration and Freedom. Book A Free Strategy Session With Pumped On Property Resources Related To This Episode 2 Properties To Financial Freedom What It Feels Like To Be Financially Free Transcription: Hey guys, it's Ryan here from on property and welcome back to another property investment episode where we're talking about investing in property and achieving financial freedom. Today I'm joined with me by none other than Ben Everingham, the buyer's agent. How's it going, Ben and Ryan, how? Amen. Yeah, really good. So in this episode, Ben, we're going to talk to the good people out there about the three stages of property investing and this is more specifically for people who are interested in investing using the two properties to financial freedom strategy that we've talked about. But before we get into your background, looks a little bit different there. What's going on? You're in your room. It looks like I'm in a wardrobe right now, I think from the camera angle, but um, we've moved into our new office which is super exciting for our business. So we were in a property that I owned, um, I've decided to sell that property and we built this other property for the Sydney office or which was my own home. Um, and it's now become the office and it's pretty kick ass. Maybe you and I can show some people on the next visit when you come in next week. Yeah, well maybe next week I'll come in and we'll do like a walking tour, get people to have the office and they can see it. For people who don't know. This is actually Ben's dream home, quote unquote Ben and Lisa's dream home. They built this home themselves. It was going to be their dream home and then they lived in it for a bit and turned out not to be and they now live in their new dream home. But yeah, you having a laugh about this yesterday because a couple of epic clients came up and we'll talk about it all and I said like they'd been working towards being on the water for five or six years. We bought that piece of land that took about a year and a half to register about another half a year to build. We moved in for like eight months and then decided it wasn't for us and it's like, you know, we have a bit of a laugh about it now that I'm two sentimentally attached to the house. To sell it, so we thought we'd put the office in it. Okay, so maybe not the soundest financial decision, but hey man, it feels good. Do it. Why not? So anyway, in this video we want to talk about the three stages of property investing for those using the two properties to financial freedom strategy. For those of you who don't know about this strategy and haven't seen the episode on it yet, please go to on-property dot com dot a u four dash five. Oh eight. That's when me and ben spent about an hour talking through the strategy in depth, but the basic rundown is that you purchase two properties, build a granny flat on each of those properties. So you've got four incomes coming in, you pay those properties off, all those properties, pay themselves off over a number of years, 15 to 25 years, and once they're paid off, effectively you become financially free because the money that you're using to pay down the mortgage can now be put into your pocket. So it's just a really simple investment strategy for getting that baseline financial freedom, but something that can really help you as an investor when you are going along your investment journey is you just have a framework of the different stages of investing so you know where you're at, you know, what stage you're and you know what to focus on at that point. So that's why we wanted to create this episode to really talk about those stages and give you that framework to work with because it's been really helpful for us and it's been helpful for a lot of Ben's clients as well. Yeah. So I think I'm sort of jumping into the strategy or this framework. We've been talking about it with a couple of different people obviously through video format, the podcast and then I've started to introduce it to clients probably over the last six to eight weeks and the feedback's been really positive and I like the second phase of this strategy probably more than anything else. And I'll explain that a little bit more once we get to that. But um, I really do like this concept of starting with foundation is Ryan calls it, which means getting your ducks lined up so that in the future you've locked in financial freedom for yourself based on obviously you being disciplined and actually saying this strategy through be

[arve url="https://www.youtube.com/watch?v=jVGcBWQn5zg" mode="lazyload" align="center" /] Most people have the goal to be rich, but we don't have that goal in our life. So why don't we want to be rich and what do we want instead? Resources Related To This Episode Our Minimalism Journey Transcription: You want to do the intro for this one? No, no, no. I didn't know what you say. He's just done this like 550 times. I've done this five times. He's turning around. A lot of people have the goal in their life that they want to become rich, that they want to become extremely wealthy and we don't have that goal like as the pool filter and we don't have that goal in our life. So in this episode we wanted to talk about why we don't want to be rich. What's not that we don't have any reach reach. We just don't want to be filthy rich. Yes. And it's Kinda like, well it was sure it would be nice to be rich, but what it would take to become rich, we're not willing to do. That's right. So how are we going to start this and what are we going to tell them? Well, I think early on without even realizing we made that choice, like when we first got married, we really did, didn't we? Yeah. We just never wanted to go to work. We just were like, why? We just want to go to the beach, so I don't care about no money, like thinking about the future. Well, in the early days when we first got married, within our first six months of marriage, I was trying to, well, I was actually trying to get rich. I thought we were going to get rich and I thought I would get rich by making money online and so I didn't want to go to work because I was trying to get rich online and you would come home and you'd be like, well, why am I working full time? And you're just like chilling, hanging out at home. And then I'm like, well, don't work full time. Have you done one today? And so then he moved to part time. I did. And so we, yeah, that was within our first six months of marriage and then we had hardly any money. Um, but that was, yeah, I guess our first decision we made really early on that we are going to choose lifestyle over riches and we kind of went a bit extreme with it because then we didn't have money so we couldn't do anything. And we fought all the time about my, yeah, probably wasn't the best way to go about it. So. And then life moved on for us. We had our first kid, then I ended up getting a full time job, then we had our second kid, I got an internal promotion and I was working as a pharmaceutical rep and we're at the point where I was working full time and I was earning good money. But were we happy? No, we weren't. You were working so much you would leave almost in the dark and you get home and it was dark and then you work at nights. Yeah, late nights as well sometimes. So I was working in a sales role and I tend to put a lot of pressure on myself and work more than I probably should or more than what was expected of me. So I was doing a lot of nighttime trainings with these pharmacies and going above and beyond where I probably didn't need to. And then at the same time you had postnatal depression? Yes. Uh, and so it was kind of like I went to work because I felt like I needed to go to work to pay off our debts, which we, which we did pay off and to pay for like some of the bad financial decisions that we made, which were done in a previous video on some of those bad financial decisions. That was around the time that we bought the range rover, which was terrible. We didn't do that. So I think we were getting to the point where we could, we were saving for a house deposit and will one or two commissions away from having a house deposit. And then we decided to give all of that up again in the pursuit of happiness for us. We've made many choices in our life where we've chosen happiness and chosen to take a risk on something rather than trying to be rich. And I think when it comes down to it for us, when it comes to setting goals and when it comes to what you want in life, it's really easy to say, I want to be rich. Yeah. I would love to be rich. But I think realistically what you should be asking yourself is what are you willing to struggle for and what are you willing to sacrifice for them and for us, if we want to become extremely wealthy, well then that's going to mean like extremely long working hours for me probably work for you as well, which means like our kids in afterschool care. Well that's, that's the key, isn't it? Then it was will our kids are really young and we want to spend time with them. Yes. So we chose to be kind of a bit more, not really poor. I mean, you know, but yeah, we weren't comfortable so that we could have more time with them as well. Even in my business, I always chose to pursue passivity over rich

[arve url="https://www.youtube.com/watch?v=-2KVJ_1KbI4" mode="lazyload" align="center" /] While financial freedom requires work, there are actually only two key elements required for financial freedom. Assets and Liabilities. Resources Related To This Episode $1000 Project By Canna Campbell Why I'm Getting Rid Of My Credit Card Transcription: Achieving financial freedom isn't easy and it does require a lot of work, but there's actually just two key elements that are required to achieve financial freedom. So in this episode I want to talk about what those two key elements are, give you this framework, and so then you can go about creating financial freedom in your own life. One step at a time. Hey, I'm Ryan from on-property dot com dot EU. I hope people invest in property and achieve financial freedom. And when it comes to achieving financial freedom, there's two key things that you need. One of them is assets, and I'm going to use Robert Kiyosaki's definition of an asset here rather than the financial definition. And so an asset is something that generates passive income and puts money into your pocket. So you're going to need as many assets as possible and you're going to need as little liabilities as possible. And so liabilities are things that take money out of your pocket. So basically the opposite of passive income. So if you have a loan to pay interest on that, that's a liability. If you have a house, even if you own that house outright, you've got to pay rates, you've got to pay insurance, you've got to pay water for that house, so they are liabilities, their expenses in your life that you need to pay for. And so the two key elements for financial freedom is as many assets as possible and as few liabilities as possible. And to achieve financial freedom, you just need more income coming in from the assets than you have going out from the liabilities. And that's how you flip the scale into financial freedom. So there's two ways you can do that. Obviously you can decrease your liabilities so you don't need as much passive income coming in, or you can increase your passive income or you can go ahead and do both. So the key element here is that you're going to need to create some passive income in your life to achieve financial freedom. So a lot of people go after, after just owning their own home, owning their own home outright, which I think is a really great goal. But let's have a look at that from the asset standpoint. And the passive income standpoint, well, owning your own home and owning an outright can be great for reducing your liability. So if you need to pay rent or if you need to pay a mortgage, then that's some serious expense that you need to pay each and every week or each and every month in order to live in that property. If you can own a house and own it outright, you're taking away rent, you're taking away mortgage, and so even though you still need to pay rates, insurance, etc, that's going to be significantly lower than someone who's paying your mortgage or someone who's renting. So by owning your own house, you're reducing your liabilities, which is a good thing, but if you don't have any passive income, it's never going to create financial freedom. So really there's only one key element to creating financial freedom, and that's assets that deliver you financial freedom. Reducing your liabilities is good because it means it's easier to achieve financial freedom. You don't need as much passive income from your assets, but really you only need that one key element, which is the assets that deliver you financial freedom. Now these assets can come in many different forms. It could be in shares and dividends that those shares pay out. It could be through investing in property and the rental income from those properties. It could be investing in cash and then making a return in cash, though with current interest rates as well as inflation, the chances of you achieving financial freedom and enough passive income through savings alone is extremely, extremely small, so you can invest in a lot of things. It could be a business that just runs without you, which is how I achieved my financial freedom. I have online businesses that run without me needing to touch them every single day. So that's how I achieved my financial freedom. So let's have a look at building these assets because there's two ways you can do it. One way is you can purchase that asset, and the second way is that you can go ahead and actually create that asset from scratch. Now that is harder. It makes a lot more sense for people to go ahead and purchase assets. So you might work in a job and you go to work. You work everyday, you earn money, you spend less than what you earn, you save up some money and use that money to purchase as

[arve url="https://www.youtube.com/watch?v=y5ZLnwYEhO0" mode="lazyload" align="center" /] What is going to be a better investment of your time and money? A property course, seminar or hiring a buyers agent? Book A Free Strategy Session with Pumped On Property Resources Related To This Episode How To Do Suburb Research How To Find Positive Cashflow Properties Ultimate Guide To Renovations Course with Jane Slack 2 Properties To Financial Freedom The Problems With House And Land Packages Transcription: For a lot of property investors, there may come a time where they feel like they need some help to take them to the next level in their property investing. That might be the kick them out the bomb to get them to buy that first property, or maybe they've hit a wall and they want some help moving forward to grow their portfolio, but is it better to spend that money on a property coach attending a seminar or to actually go ahead and hire a buyer's agent? These are all really expensive options, so it's important that you know which options best for you before you go ahead and pay the money. Hey, I'm Ryan from on-property dot com dot EU. I help people invest in property and achieve financial freedom and that's what we're going to be looking at in this episode. Whether or not you should hire a property coach, attend a seminar or hire a buyer's agent. So what we're gonna do is we're going to look at what each of these options are. Then we're going to look at some of the pros and cons of each of these so you can make a decision for yourself as to what you think is worth your money. If anything. Okay, so let's have a look at an overview of what these things are. So property coach, look, to be honest, there's not that many property coaches out there, so maybe I shouldn't have included it in this video, but a property coach to me would be a mentor. Somebody that you would sit down with, you look at your personal situation, look at your financial goals, and to help walk you through exactly how to achieve that as well as keep you on track to say, okay, what's the next step for you? What do you need to do next? And then check in with you. Have you done that step? So the only property mentors that I've seen out there where you've got your free strategy sessions with pumped on property where they do that sort of mentorship model in a smaller way, but the other mentors I've seen out there, the kind of mentors, but then they're also trying to sell you new build property that they make a commission on, which I believe is kind of like a conflict of interest. So in terms of coaches and mentors out there, in terms of paying for them, I don't think there's that many great options that I know about. But I do know that a lot of people get property coaches and mentors for free. Just people in their life who have already done it and achieved it. You've also got seminars or courses, so seminars or courses generally costs in the range of maybe one or $2,000 up to five, maybe even $10,000. And so this could be an online course where they take you through a high level concept and how exactly to implement that concept. So this could be something like Jane [inaudible] Smith's course on the ultimate guide to renovation, which is a great course on how to make a profit through renovating property. She goes through everything from selecting the right suburbs and the right properties to different types of renovations and how to implement them. So that's quite an expensive course in the thousands of dollars, but there's a lot of great content in there. There's also a community around that as well to help you. And so there you have online courses. Seminars are generally in person events that you would attend. These are generally, again, thousands of dollars, 2000, 3000, $5,000, maybe even $10,000 to attend a seminar, which might be a couple of days or could be a week long where you sit in a room with a whole bunch of other investors. People go on stage and they'll talk through different strategies. They'll talk through lots of things relating to property and how to implement those strategies. And then you've got on the flip side of that, you've got a buyer's agent. So a buyer's agent is someone that you hire to actually do most of the leg work for you. So here in Australia when investors purchase property, the majority of the time they don't have someone working with them. There's a seller's agent who's selling the property. But as the investor, you're dealing directly with the seller's agent in order to negotiate and buy that property. You're doing the research, you're doing the inspections, you're negotiating your buying the property. A buyer's agent is someone that you would hire that would do all of that for you. So

[arve url="https://www.youtube.com/watch?v=yEdU8Zl1F1Y" mode="lazyload" align="center" /] Interest Only vs Principal and Interest loans can have a huge impact on your cash flow and can mean the difference between a property paying for itself and then some and you having to find money to keep the property afloat. Resources Related To This Episode Property Tools On Property Membership Treat Property Investing Like A Business How Changes In Interest Rates Can Affect Cashflow ING Mortgage Calculator Compare Interest Rates Transcription: Having an interest only loan versus a principal and interest loan can have a serious impact on your cashflow and can mean the difference between the property paying for itself or you needing to find money to keep that property of float. So in this episode we're going to be on really basic and looking at how principle and interest versus interest only can affect your cash flow. Hey, I'm Ryan from on-property dot com dot EU. I hope people invest in property and achieve financial freedom and cashflow is vital when it comes to investing in property. You can be in positive cashflow position where the property pays for itself and then some or a negatively geared position where you're constantly paying money out of your pocket each week in order to keep those properties afloat and if you have to pay too much money out of your pocket than the whole tale of cards can come crumbling down. And so I don't want that to happen to you. I want you to be aware of how these different types of loans can affect your cash flow. So let's jump into it. We're going to be looking at this calculator from ing, which is a mortgage calculator. If you're listening along on the podcast, then I will be talking through all these numbers, so don't worry. You don't need to watch the video, but what we're going to do is start with a loan amount of $100,000. Now that is not a realistic loan amount to buy a property here in Australia, but what I like about using 100,000 dollars is we can see how this difference looks on a small amount and then it's really easy to scale up from there. So we scale up to $500,000. We're just five x, whatever our results are. If we scale up to a million dollar loan, then we just x whatever we're looking at, but this can give us a really clear indication of the different. So we're going to be looking at a loan period of 25 years. We're going to be looking at a loan amount of five percent, which is probably a bit high for today's loan amounts, but I like to use five percent. We're going to be looking at weekly repayment amounts because I like weekly because then you can compare, okay, how much extra weekly rent, what I need to be able to cover this extra cost, and then we've got principal and interest here so we can see on this $100,000 loan across 25 years at five percent per annum. We're looking at $134 80 per week. Now we're gonna jump over to property tools.com dot a u, which is the tool that I created myself in order to be able to quickly assess the cashflow of a property to see whether it's going to be positive cashflow negative and by how much. If you're on, check that out. Go to property tools.com dot a u and you can sign up for it over there. So we're going to put in a purchase price of $100,000. We won't worry about the rental income at the moment. Interest rate of five percent and deposit. We're going to put a zero percent just so we get that full loan amount here of $100,000. Now if we scroll down, we can see the interest cost here of $96 and fifteen cents per week. So we can say with interest only at five percent, $96 per week, we need to pay if we're going mortgage, principal and interest, sorry, we're looking at $134 80. So you're looking at about a $38 difference between interest only there and principle and interest, so $38 per week extra that you would need to find to be able to pay the principle and interest off your property. Now obviously that extra money is going to paying down your debt versus interest only where you're not paying that money. You're not paying down the debt at all. That's why it's called interest only. And so you do have to weigh up those different options as well. It's not necessarily one is better than the other, they're just different, but it is good to know how it affects the cashflow. Now let's say let's bump this up to $500,000, which is a more likely loan amount for a property in Australia. Um, across 25 years at five percent we can see that it's about $674 per week when we're doing principal and interest back in property tools here, let's bump that one up to 500,000 as well. And we'll see that the difference that makes. So we can see interest only at five percent on that $500,000, we're paying about $480 per we

[arve url="https://www.youtube.com/watch?v=ppXWxLebvjQ" mode="lazyload" align="center" /] In marriage and life you make some good and some terrible financial decisions. Here are the best and worst financial decisions that we have made in our life. Resources Related To this Episode Barefoot Investor Bank Accounts Explained Our Budgeting Fails Transcription: In life and in marriage, there are some good financial decisions that you make and there's some bad financial decisions that you make. And so we thought that it would be fun to do an episode on our best and worst financial decisions over the last 10 years of marriage. So Hey, I'm Ryan from on-property Dotcom Day you, I hope people find property and achieve financial freedom. And today I'm joined by my wife. She's Kelly. Say Hi, I'm Kelly. Okay. And so we want to talk through. This was kind of funny like going through this list and thinking what's our best and worst financial decisions we like immediately filled out the worst color like we had. Like really we have no problem locking in this day and it took us a bit longer to work out what our best decisions were. But yeah, I think this is going to be a fun episode to talk about this of stuff. So should we do like one best one where. So she would just like start with the worst because they're the ones kind of alone with. Okay. So some of the worst decisions that we made financially, the first one was I bought a bunch of USB sticks from shine, so this was at the time were seven years ago, quick get rich quick scheme, but the idea was important things from China and then sell them on Ebay. And so I'd done some research into it and been on Alibaba and thought I thought I found an opportunity in the market and bought a bunch of USB sticks to sell on Ebay. And the other time we were living in your mom's like granny flat and we had no money basically. And so I spent about a thousand dollars on these USB sticks and they ended up, they ended up being fake. And so I sold a bunch of them on Ebay, found out they were fake because people started complaining. And so then I did the only thing that I thought was right, which was refund everyone. And so not only did I have to pay the thousand dollars, but then there's all these like Ebay fees and everything as well. And that was basically our life savings at the time. Yeah. So that was a pretty big mistake for us at the time and while a thousand dollars might not sound a lot to people out there or it might be alive for us a lot for us, for us at the time it was a lot of money and I dug us into a pretty big hole. But yeah, noodles for awhile. And so another bad decision that we had made actually prior to that was we were going over to New Zealand for a holiday slash care was going to be working over there to do up a new freedom store that they were opening and we thought, you know what we're going to be like on holidays for two weeks. One, why pay rent for those two ways? Story. It's like, yeah, we're out. And they come with the doorway. That dumb. It was so wet, we don't want to pay two weeks it was about 300 bucks a week or three slash 20 a week. At the time this was like $600. So like yeah, we don't want to do that. So let's put our stuff in storage. And then when we come home, will I live with my mum for a bit until we find another place that was so stressful. It's so stressful. And the apartment that we gave up was awesome. It was good. Hey, you could. That was like, Oh shit. It was like three. It was all white as well. So that was, that was a really dumb decision and I think we have probably a dumb financial decision, but one that I don't really regret is that we have moved so many times. We've had moved more than we've holidayed yes. Really? So we'll be married 10 years and I think this house is like our 13th or 14th place that we have lived in in 10 years. There was at one point we were on average staying in places less than six months. Like we had moved like eight, eight places in less than four street. That was like 11 months was the longest we've ever lived in one place. And so every time you move there's extra costs with moving, with moving the Internet. Ah, yeah, yeah, yeah. All the utilities. And then the crossover, the rents as well. You would never lined it up perfectly and we will be breaking rules, breaking leases, so we'd be paying double rent as well as fees on top of that. So yeah. I don't know why we do that so many times, but wait, did they on. I really like it. Let's move. But now now we feel settled. I feel like this is the first house where we actually feel settled and we want to stay here, so fingers crossed we get to stay here for awhile so it will be like, okay, another dumb financial decision. Oh yeah. That's one of those things where you bought a range rover because we thought we j