Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

What would Warren Buffett say about how I approach my property investing? And why do I even care? Well… Buffett who is 90 years old is consistently ranked amongst the world's richest people, is arguably the most successful investor of the 20th century and has an estimated net worth of $107 Billion. This means, he's earned (on average) over $11 million each and every year of his life, which is thousands of times more than the average worker in Australia earns. Anyway… I think he'd be impressed with how I invest because there are some similarities in our investment philosophies. So in today's show, I'd like to look at some of Buffett's investment principles and see how we can apply them to our property investing. Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Get a range of my ebooks here: www.PodcastBonus.com.au Shownotes plus more here: Why not invest like Warren Buffett?

When it comes to property investing are you a fox or a hedgehog? Is property investment and art or science? Maybe property investment isn't what you should be spending your time on; maybe you should stick to your day job instead That's what I discuss today with Stuart Wemyss. And then, in my mindset moment, I'm going to share with you why we're not all created equal. You'll get lots of great information from today's show that will help you get more success in your investments. 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 Stuart Wemyss – Prosolution Private Clients Stuart's Book – Rules of the Lending Game Shownotes plus more here: Maybe you should stick to your day job and not invest in property, With Stuart Wemyss

Are you wondering what's ahead for our property markets in 2023? In my mind, after a tumultuous 2022, investors must be prepared for even more uncertainty this year. But it will be a year that our property markets reset and a new cycle starts meaning it's a time of opportunity. Just don't expect it to be easy. In today's show, I'm going to share my expectations for the year ahead by discussing the major structural shifts that have led to previous property booms, then Brett Warren and I will discuss the property cycle, 8 reasons property values increase in the short to medium term, and 3 reasons property values increase in the long term. Then I'll try and tie all this together to give you some expectations for the year ahead and help you make those important decisions homebuyers and property investors need to make. 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: What's ahead for our property markets in 2023? With Brett Warren

There are some must-read books on personal finances that will help you develop good saving and investing habits. One of them is Robert Kiyosaki's Rich Dad, Poor Dad, a must-read if you want to learn about personal finance. Now I've interviewed Robert three times on this podcast and while I don't agree with many of his views on Real Estate, and I definitely don't agree with his views that we're heading forth an economic Armageddon, I respect the lessons I learned from him many years ago on personal finance so today in this podcast with Mark Creedon, founder of Metropole's Business Accelerator Mastermind, I'd like to share 20 lessons I believe you should understand from his great book Rich Dad, Poor Dad. At the end of today's show, I hope you learn a few new things about money and finance and that I will have reinforced a number of things you already knew, and maybe we can help you escape the vicious cycle of working hard your whole life. 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 Why not join Metropole's Business Accelerator Mastermind 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 Get a bundle of eBooks and reports – www.PodcastBonus.com.au Shownotes plus more here: 10 Key Lessons to Learn from Robert T. Kiyosaki's Rich Dad, Poor Dad, with Mark Creedon

Today's podcast will be a little different. Today I'm going to be brutal. I'm not holding back and I'm going to tell you some brutal truths about property investing You'll learn some of the things that can go wrong. You'll learn about the frustrations of being a property investor. You will learn some of the ways in which slick marketing can lead you astray. But stick with me. It's not all negative. Understanding what could go wrong is one way of making sure things don't go wrong and you can enjoy the success a small group of property investors enjoy. The problem is most people who get involved in property investment don't develop the financial freedom they're after. 50% of new investors sell up in the first 5 years Most investors never get past their 1st or second property Only 20,000 Australians own 6 properties or more. Now, this is not the type of information most people tell you about property when you first get started. That's probably because many of the people you speak with are trying to sell you something – sometimes it's a property – in other cases it's their services (buyers' agents). This episode is my attempt to redress that balance a little bit and share some brutal truths about property that you don't often come across. 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 Collect your bonus ebooks and reports here: www.PodcastBonus.com.au Shownotes plus more here: The Brutal Truths about property investment that no one else will tell you

I'm going to be bold and start off with my first property prediction for 2023. I believe our property markets are going to reset this year. At some time this year our housing markets with reach a trough, which will herald the beginning of the next property cycle, as buyers and sellers return as they realize that there will be no more interest rate rises and that inflation is under control. Now don't get me wrong - I'm not suggesting there's a property boom ahead. But I am suggesting there's a window of opportunity for those who understand the forces behind the property market reset over 2023, and that's what Dr. Andrew Wilson and I discuss in today's show. 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 Dr. Andrew Wilson, Chief Economist My Housing Market Join Dr. Andrew Wilson at Wealth Retreat 2023 – click here to find out more Subscribe to our weekly Property Insiders videos – www.PropertyInsiders.info Get your bundle of eBooks and reports at www.PodcastBonus.com.au Join Michael Yardney's Mentorship Program – find out more here Shownotes plus more here: The forces behind the property market reset of 2023, with Dr. Andrew Wilson

If you've been listening to my podcasts or reading my blogs, you'll know I have a number of rules and frameworks to help my property investing. By having these it takes the emotion out of investing and makes the results more predictable, but what's the most important golden rule of property investing? That's a question I'm going to ask today of leading financial advisor Stuart Weymss, who's written a book about the golden rules of investing so let's see which rules have stood the test of time. Links and Resources: Michael Yardney Stuart Wemyss – Prosolution Private Clients 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 Shownotes plus more here: Is this the most important Golden Rule of property investing? With Stuart Wemyss (Summer Series)

How do you view life? Some people think that what happens in their lives is out of their control. These are the folks who wait passively for what life dishes out to them. They have few goals, and they are the ones who usually hope for the best — that life will be kind to them and that they will eventually be at the right place and at the right time. Other people realize that life is a great opportunity for learning and for realizing their fullest potentials. Some of these lessons are learned the hard way. However, by learning to cope with the challenges, one can come out of the experience wiser and stronger, more able to face whatever else lies ahead. Now, this is as just relevant in property investing as it is in business, entrepreneurship, relationships, in fact in all areas of your life. So, in today's show Mark Creedon and I discuss a series of life lessons you may have learned in the past but have most probably forgotten. And hopefully, by the end of today's show you'll have some great ideas, inspiration, and new plans to make this new year, 2022 the best year of your life. 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 Business Accelerator Mastermind 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 Join us at Wealth Retreat 2022 – find out more here Shownotes plus more here: Here's a list of life lessons you've learned over the years but probably forgotten, with Mark Creedon (Summer Series)

Have you ever wondered why the rich keep getting richer and how you can join the ranks of the wealthy and successful? There's been a lot of research into this question, including by my good friend and guest today Tom Corley who spent 5 years studying the rich, which he then documented in his first book, Rich Habits Poor Habits. Today we're going to talk about why the 1% comma control over 80% of the wealth in the world, and you may well be surprised that if you're listening to this show, you fall into that 1%. Why the 1% control over 80% of the wealth The topic for today's show was inspired by an article I recently read article complaining about the rich. The author was upset at the fact that 1% controlled 82% of the wealth in the world. Now there's no doubt the rich are getting a lot richer and doing so a lot faster, and of course, this has been fodder for some sensational headlines and a lot of commentaries. Let me be clear…No one's hardship should be belittled. Becoming unemployed or not being able to keep up with your mortgage payments aren't just financial problems. They're social and emotional problems that strike at your sense of worth. But things always need to be kept in perspective. Some really interesting numbers emerge when you expand your view and look at the richest 1% in the entire world. So, how do the 1% cultivate wealth? That's what I'm going to discuss today with my good friend Tom Corley who is my co-author of our internationally best-selling book Rich Habits Poor Habits. Tom is a CPA, and CFP and heads one of the top financial firms in New Jersey. For 5 years, Tom observed and documented the daily activities of wealthy people and people living in poverty, and in his research, he identified over 200 daily activities that separated the "haves" from the "have nots," which culminated in his #1 bestselling book, Rich Habits, Poor Habits. So what do the rich do differently? Habits. The top 1% cultivate wealth by doing certain things: Read to Learn Every Day — 88% of the rich in my Rich Habits Study read 30 minutes or more every day to learn. Deliberate Practice — 69% of the rich in my study practiced some specific skill for two or more hours every day. Pursue Long-Term Goals or a Dream — 70% of the rich in my study pursued some long-term goal or some dream. Focus on Daily Goals — 62% of the rich in my study focused on their daily goals. Save — 94% of the rich in my study saved 20% or more of their income every year. Be Frugal with Your Money — 67% of the rich in my study were frugal with their money. Forge Rich Relationships — 68% of the rich in my study forged relationships with other upbeat, success-minded people. Volunteer — 72% of the rich in my study volunteered 5 hours or more a month. 5 AM Club — 44% of the rich in my study woke up 3 or more hours before they began their workday to pursue dreams, and goals, read, be productive, etc. Become a Decision-Maker at Work — 91% of the rich in my study were a decision-maker where they worked. Do Work You At Least Like — 86% of the rich in my study liked what they did for a living. The Bottom Line. Everyone wants to be on top of the mountain, but few are willing to make the climb. The 1% control 82% of the wealth because the 1% are willing to climb the mountain. If you want to be one of the 1%, you need to start climbing. Links and Resources Michael Yardney Metropole's Strategic Property Plan – to help both beginning and experienced investors Tom Corley's blog Get your copy of Rich Habits, Poor Habits here- www.RichHabitsPoorHabits.com Join Tom Corley and me at Wealth Retreat 2023 – click here to find out more Some of our favorite quotes from the show: "There's dumb luck, as we've spoken about before, and there's good luck, but interestingly, you've got to be in the right position to recognize that." – Michael Yardney "It's not just who you know, it's who who you know knows." – Michael Yardney "The way this works is you only need a slight edge to be above other people." – 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

Have you played Monopoly recently? Monopoly has been a classic board game for over a century. It's a real estate trading game played for fun… and for a chance to be a real estate tycoon. I recently played with some of my grandchildren, and while it annoyed me that I wasn't able to borrow to buy a property, I was still hooked on the thrill of accumulating Real Estate and collecting rent. I also realized that there are some valuable lessons all investors can learn from playing Monopoly to help them win the game of property investing in real life. Playing Monopoly with my grandchildren reminded me of a very important lesson all property investors must understand – and this is that not all real estate is equal. You see…everyone wanted to buy Mayfair the most expensive street on the board, but no one really wanted the cheap locations at the other end of the board, the names of which I don't even remember. Then there are other locations on the Monopoly board, some of which were more desirable than others. And it's the same in real life…not all real estate locations are equal and just like there are different precincts on the Monopoly board, there are basically 4 types of locations where you could buy properties in the real world. And as you'll see a lot has to do with the demographics of those who want to and can afford to live in these suburbs. 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 Shownotes plus more here: Here's what a game of Monopoly taught this veteran property investor (Summer Series)