Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

We all belong to one - a demographic tribe, that is. In fact, Australia is one big country of many tribes. If you don't belong to the one, you don't survive. Some are easy to find: it might be your footy team or where you work, the way you vote, or the way you dress. But there's another set of tribes that are of interest to property investors and businesspeople - the tribes and labels that demographers divide us into. Now I'm sure you've heard of Baby Boomers and Millennials, but have you heard of FIFOs or VESPAs, or the YOLO tribe? And do you know what they mean and how understanding the demographic tribes can help you target your investments or business decisions? That's what I'm going to discuss in today's show with leading demographer Simon Kuestenmacher. Links and Resources Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Simon Kuestenmacher - Director of The Demographics Group Join us at Wealth Retreat 2024 – click here to find out more Shownotes plus more here: Do you understand the Demographic Tribes and how they influence our property markets With Simon Kuestenmacher, Summer Series

Are you looking at getting investment advice this year? How do you know who to ask? How do you know who to choose how to choose a property advisor, how do you know how to choose a buyers' agent? These are some of the questions we answer in today's Q&A episode the first in the summer series of the Michael Yardley podcast. Whether you are just starting out and looking for guidance, or you have been investing for a while and want to take your skills to the next level, this week's podcast is for you. Links and Resources Michael Yardney Brett Warren – National Director Metropole Property Strategists Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports = www.PodcastBonus.com.au Join us at Wealth Retreat 2023 – click here to find out more. Shownotes plus more here: How do you choose a property advisor or a buyers' agent, with Brett Warren, Summer Series

Today I'd like to share 2 interesting topics with you. The concept for the first part of my chat came about from an email I received from a client who is confused. She was wondering in a market that's buzzing with self-proclaimed property investment gurus, how do you differentiate between genuine expertise and fortuitous luck? We live in an era where overnight success stories often mask the hard realities of investing and understanding these nuances could be the difference between sustainable success and an unfortunate mishap. Regular listeners would know that I usually have guests on this show, but every now and then I like to have a chat, just you and me, where I can share my thoughts and that's what's going to happen today as I'd like to give you my perspective on these overnight property millionaires. And then I'm going to share quite a long mindset message, but I believe a really important one. If you want to stand out from the crowd and be a successful property investor, or a successful entrepreneur, then this session will be for you, but please be warned it's a little heavy. And before you think Michael's gone all metaphysical on me, please persist and listen to my thoughts because if I thought i could help you be more successful by showing the next property hotspot or another finance trick that's what I would discuss- instead I'm going to let you into the secret of how you can get more success by changing. Changing what you may be think – listen in and you'll find out. The Mirage of Overnight Property Millionaires Success and wealth creation take time. Drawing from the wisdom of renowned investing titans and underlining the significance of a shift in mindset, I'll share the psychology of wealth and success and explore the role of sound advice in property investment. ● Exploring the rise of self-proclaimed property investment experts and their potential pitfalls ● The danger of attributing too much value to one success story ● The four most dangerous words in investment ● How to recognize when you're an expert o The ability to achieve continuous, repeatable results in different markets ● The value of making detailed plans o How Metropole can help. Mindset Message: What Holds Australians Back from Wealth Creation I discuss: ● Shifting perspectives on wealth creation and the significance of your "wealth operating system" ● How childhood programming and restrictive beliefs can be obstacles in wealth creation ● The psychology of wealth and success, and how unconscious beliefs shape our relationship with money ● The invitation to join us Wealth Retreat 2024 for a deeper exploration into successful property investment and development ● The importance of sound advice in property investment and the dangers of relying on luck ● Emphasizing the necessity of a clear strategy in property investment ● The significance of adapting to change for successful wealth creation. It's important to learn differentiate between skill and luck and identify the role of mindset and the value of sound advice and strategy in wealth creation. This will equip you with the tools you need to navigate the complex world of property investment and realize your wealth potential. Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports – www.PodcastBonus.com.au Join us at Wealth Retreat 2024 Some of our favorite quotes from the show: "I explained to her that this new breed of get-rich-quick experts are really just selling tickets to see unicorns because there's no secrets to getting rich quickly." – Michael Yardney "I guess planning is bringing your future into the present, so you can do something about it now." –Michael Yardney "Now I know you may be uncomfortable with me saying this, but the level of wealth you're experiencing at the moment is the level of wealth you're most comfortable with." – Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how

If you're most like most listeners of this podcast, you're looking to secure your financial future. I was interested to recently read that Australians think they need $650,000 in their superannuation to have a comfortable retirement. By the way, this would only give him $33,397 annual income - to me that's not a comfortable retirement and most Australians don't even have this in their super anyway. I guess that's why more and more Australians are taking control of their financial future and setting up a self-managed super fund, but even that's not a guarantee of financial success. In today's discussion, you'll get a chance to uncover the mysteries surrounding self-managed super funds. Ken Raiss, director of Metropole Wealth Advisory, and I talk about 9 common mistakes people make with their self-managed super funds. Whether you already own a super fund or are contemplating getting one, this discussion is tailored to serve you some pearls of wisdom that you wouldn't want to miss. Links and Resources: Ken Raiss, director of Metropole Wealth Advisory Have a chat with Ken Raiss to ensure you have the correct asset protection strategies in place – click here Why not get the team at Metropole on your side to give you holistic property and wealth advice– find out more here Get your bundle of E-books and resources as my gift for subscribing to this podcast www.PodcastBonus.com.au Shownotes plus more here: Financial Fumbles: The Top 9 SMSF Mistakes You Could be Making, with Ken Raiss

In today's episode of the Michael Yardney Podcast, I'm joined by independent financial advisor Stuart Wemyss, and we tackle the great debate in property investment - the significance of rental yields versus capital growth. Stuart's insights, backed by years of experience and knowledge of Australia's property market, guide us through this complex topic. We uncover what rental yields can reveal about a property's potential, debunk misconceptions about 'blue chip' suburbs, and emphasize the importance of strategic planning and a long-term approach. Links and Resources: Michael Yardney Stuart Wemyss – Prosolution Private Clients Stuart Wemyss' blog mentioned in this show Stuart's Book – Rules of the Lending Game & Investopoly Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports – www.PodcastBonus.com.au Shownotes plus more here: What do rental yields really tell you about a property? With Stuart Weymss

Learn how Einstein's teachings can be applied to property investing and financial literacy. Discover the importance of education, caution, and action in successful property investing. Explore the power of knowledge and adaptation in property investing, as well as valuable money lessons for children. Express gratitude, promote the show, and mention sponsors.

Have you ever considered that women might just be better property investors than men? This episode reveals some fascinating insights into how gender impacts decision-making in property investment. We also delve into the age-old question of whether money can buy happiness and explore the transformative power of good habits in achieving financial success. I'm joined today by Tom Corley, author of the best-selling book, Rich Habits, Poor Habits, and in our discussion, we share powerful strategies for habit change. Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Tom Corley's blog Get your copy of Rich Habits, Poor Habits here- www.RichHabitsPoorHabits.com Shownotes plus more here: Who makes better investors- men or women?

What's ahead for our property markets in 2024? That's what I'm going to be discussing today with Dr. Nicola Powell, Domain's Chief of Research and Economics. 2023 will go down in history as the year that a new property cycle began as our markets defied high interest rates and all the predictions from the property pessimists. But what's coming next in 2024? Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Dr Nicola Powell, Domain's Chief of Research and Economics Domain's End of Year Wrap and Forecasts Domain's Rental report Get a bundle of eBooks and reports – www.PodcastBonus.com.au Shownotes plus more here: 5 things all property investors must understand about Australia's housing Markets in 2024, with Dr. Nicola Powell

Today, I am joined by Mark Creedon, business coach and mentor to some of Australia's leading business people and CEO of the Metropole Property Group. Today, our discussion is centred around a fascinating list shared by Vala Afshar on Twitter – a collection of insights that reflect the wisdom one hopes to accumulate with time. Together, Mark and I discuss the concept of success, we talk about creating your own luck, remaining forward-focused, and leading by example. These are principles that will resonate with you as a player in the property market and as individuals committed to the pursuit of success. Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Why not join Metropole's Mastermind Business Accelerator Learn more about Mark Creedon – Business Coach to some of Australia's leading entrepreneurs Get a copy of Mark's new book here – Have a Business, not a Job Subscribe to Mark's Mastermind for Business Podcast here Get a bundle of eBooks and reports – www.PodcastBonus.com.au Shownotes plus more here: Wisdom That Comes With Time: 33 Lessons Learned with Mark Creedon

Ever wondered why some property investors hit the jackpot while others barely scrape by? Well in today's show Brett Warren, and I shed light on strategies and philosophies that make a successful property investor. We reveal that the high-achievers do not come from a cookie-cutter background, but instead, a wide array of life stories and income levels. It's less about the size of your paycheck and more about financial discipline, so tune in to learn how to supercharge your property investment journey. The Blueprint of Successful Property Investing In my chat with Brett Warren, we explore the essential traits that set high-achieving investors apart. These key qualities can offer a roadmap to those looking to supercharge their property investment journey. Links and Resources: Michael Yardney Brett Warren – National Director Metropole Property Strategists Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a bundle of eBooks and reports = www.PodcastBonus.com.au Shownotes plus more here: 11 traits shared by the most successful property investors, with Brett Warren