The Property Academy Podcast 5 lessons I learned about money in 2024 ⎥ Ep. 1931
Dec 24, 2024
Discover five valuable lessons learned about money in 2024. The hosts reflect on challenging self-limiting beliefs that hinder timely investments. They reveal why waiting to invest can cost you opportunities, emphasizing the power of leveraging equity. Insights on navigating buyer’s markets highlight the tension between opportunity and fear. Learn how being conservative with growth assumptions can bolster retirement plans, while recognizing that emotions often overshadow numbers in investing.
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Buying Sooner After Challenging Beliefs
- Ed McKnight impulsively decided to start looking for a house after a conversation about self-limiting beliefs.
- He and his partner went unconditional on a house within about three and a half weeks.
Act Instead Of Waiting For Perfection
- If you plan to invest, don't wait for a mythical perfect time and let limiting beliefs stall you.
- Use available tools like equity to act sooner rather than deferring investment for unnecessary reasons.
Be Conservative With Long-Term Assumptions
- Long-term averages mask year-to-year variability and give only a 50% chance of beating that number.
- Choosing more conservative assumptions raises the probability you'll hit your retirement targets.