Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

One of the aims of my podcast is to help you become more financially successful and help you grow protect and pass on your wealth, and what we talk about in today's show with Ken Raiss, who is widely regarded as Australia's leading property tax strategist is asset protection. Now for people who don't know, for many years Ken was an accountant and managing partner in a national accounting firm. He's still an account but doesn't do regular accounting work – instead he gives high-level wealth advice to our clients at Metropole wealth advisory. But he's not a theorist, he's a successful investor, business owner, and entrepreneur with accounting, financial planning, and real estate qualifications. That's why he's able to give a holistic approach to our clients and help them grow protect and pass on their wealth. Today, Ken and I will talk about asset protection. Links and Resources: Michael Yardney Ken Raiss, director Metropole Wealth Advisory Have a chat with Ken Raiss to ensure you have the correct asset protection strategies in place – click here In turbulent times like we're experiencing why not get the team at Metropole on your side to give you holistic property and wealth advice– find out more here Shownotes plus more here: Asset protection strategies to safeguard what's yours, with Ken Raiss

Strategic property investors plan for the long term and therefore theoretically should be immune to the ups and downs of the property market. However, the grinding reminders of the economic challenges we are facing can be a harsh test of character for even the most experienced investor. There is continual news about rising inflation and higher interest rates and how this could lead to a significant downturn in our property market. So how can property investors prepare for the possible turbulent times ahead? That's what I'm going to be asking leading financial advisor Stuart Weymss, in today's show. 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: Here's how property investors prepare for turbulent times, with Stuart Wemyss

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

A 40-year high in inflation, rising interest rates, talk of our property markets crashing, and our economy falling into recession. Then there's Russia's war with Ukraine. A spike in energy prices, a skyrocketing jump in the price of oil. Supply chain problems. Excessive government spending. Exploding government debt. A huge increase in the nation's money supply. All these factors and others are contributing to increased inflation. But am I worried? Not really. And you shouldn't be either. I'm going to explain why in today's podcast. Links and Resources: Michael Yardney If you're keen to buy your next home or investment property why not get the team at Metropole to build you a personalised Strategic Property Plan – this will help both beginning and experienced investors. Get a bundle of eBooks and reports here:- www.PodcastBonus.com.au Shownotes plus more here: Why I'm not worried about inflation — and why you shouldn't be either

If you want to become a more successful property investor, today's show is just for you. I'm going to discuss how to become more successful as an investor by discussing two separate concepts with you. Are all those other investors crazy? The ones who don't reach success? We're going to have a talk about that. Then I'm going to share with you one thing you're going to have to change to get more successful. Are all those other property investors crazy? Around 8.6 million Australians bought a lottery or scratchy ticket in the last year. That's around 44.8% of our 18+ population. Who is buying all these tickets? When you do the maths, you might think they must be crazy. Fact is: No one is crazy. The decision to buy a scratchy, a lottery ticket, or an off-the-plan property or a house and land package or whatever must make sense to them at that moment and ticks all the boxes they need to check. I've often written about how we're not rational when making investment decisions – we're subject to behavioral biases. I've been a student of behavioural finance for years trying to understand why investors keep making the mistakes they keep making, when the end results of their actions – the negative consequences of the decisions they make – seem so obvious to me. People are often wrong, but few are crazy. Be careful taking cues from other people when you have no idea what they're thinking Many finance and investment decisions are rooted in watching what other people do and either copying them or betting against them. But when you don't know why someone behaves as they do, you won't know how long they'll continue acting that way, what will make them change their mind, or whether they'll ever learn their lesson. No one is crazy, including you. But everyone justifies actions based on poor reasoning, including you. Few people make financial decisions purely based on logic and by using research and spreadsheets. The bottom line: The fun part of behavioral finance is learning about how flawed other people can be. The hard part is trying to figure out how flawed you are, and what stories make sense to you but would seem crazy to others. That's why when making significant property decisions it's important to have a team of independent, unbiased advisors on your side. Here's one thing you need to change to become a successful property investor I've found that for most property investors to change their level of wealth, they must change. Why is change difficult for many of us? Because change makes us move out of our comfort zones. We tend to believe that if we stick with what we know, with what is familiar, then we won't get hurt. In terms of wealth creation, it's not what we know that's holding many of us back. It's what we think we know that isn't so that is holding us back. I'd like to discuss why many Australians are not as far advanced with their wealth creation as they would like to be. What holds most of us back? It's our Wealth Operating System ™ – our financial blueprint – the programming we received as a child. It is no coincidence that your inner world creates your outer world. So, one of the first steps in change is changing your thoughts. How do you think about money, success, and prosperity? Remember: Your thoughts lead to your feelings, your feelings lead to your actions and your actions determine your results. So, money is a result, wealth is a result, and your health is a result. Your results in all these fields have been caused by you – by your actions. The problem is for many Australians their thermostat is not set for Wealth. Many of us need to intentionally change our inner world – our way of thinking. Firstly, we need to change the way we think about ourselves. Why are we scared of change? The only constant in the world, the only thing you can absolutely count on, is change itself. Results change when people change their way of thinking. If any of what I've said has made an impression you will realize that if you're going to go to another place in your life financially, then you are going to have to do some things differently. And doing things differently first requires thinking differently. Until you change how you are, you will always have what you've got. To have more, you need to become more. The rich keep getting richer because they're programmed and conditioned to, while most people are boxed in by the boundaries of their thoughts. If you've heard me speak on the topic of the psychology of success, you'll know I suggest you always get what your subconscious wants, not what you think you want. 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 Get a heap of eBooks and reports here: - www.PodcastBonus.com.au Shownotes plus more here: Are all those property investors crazy? Some of our favourite quotes from the show: "Every decision everyone makes is rationalized in their head when they make it." – Michael Yardney "Most investors probably rationalize what they're doing in ways that weren't crazy to them." – Michael Yardney "If you think you're going to move on without changing, it's not going to happen." – 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

Today I'd like you to come on a journey with me and leading demographer Simon Kuestenmacher. First, we'll go back to the 1950s, then forward to today, and then forward again to 2054. We'll look at how our cities have changed and will change even more over a century as the Australian nation transitioned from a colonial outpost to a cosmopolitan global community. We'll delve into Simon's latest research which tells a powerful story about our nation. It reveals the lifestyle preferences of the Australian people and the drivers of demand for residential property, something all property investors need to understand. Links and Resources: Michael Yardney Simon Kuestenmacher - Director of Research at The Demographics Group If you're keen to buy your next home or investment property why not get the team at Metropole to build you a personalized Strategic Property Plan – this will help both beginning and experienced investors. Get a bundle of eBooks and reports here:- www.PodcastBonus.com.au Shownotes plus more here: The rise and fall of Australia's Biggest Cities, with Simon Kuestenmacher

How am I preparing for the upcoming property market slowdown? That was a question posed to me by Jarrad Mahon for his Perth Property Insiders podcast, but we discussed much more than what's happening in Western Australia. And that's why I asked if I could share the recording of that show with you, which is what you'll be hearing in a moment because we discussed what I believe is ahead for our property markets, what I'm doing personally to protect myself, and what you can do to ensure that you make the most of the current market and don't become a casualty of the economic and property changes ahead. Links and Resources: Michael Yardney Jarrad Mahon – Investors Edge Perth If you're keen to buy your next home or investment property why not get the team at Metropole to build you a personalized Strategic Property Plan – this will help both beginning and experienced investors. Get a bundle of eBooks and reports here:- www.PodcastBonus.com.au Shownotes plus more here: Here's how to prepare for the upcoming downturn with Jarrad Mahon

Last year you could buy almost any property, go away on holidays (even though you really couldn't because of Covid) and when you came back you would have been richer than when you went away. But that was a once-in-a-generation property boom that made almost anyone who bought a property look like a smart investor. If history repeats itself, and most likely will, many investors will come to regret the hasty purchases they made last year. On the other hand, at Metropole, we were very selective in the type of properties we bought to ensure our clients' investments would outperform the markets in the short-term and the long term. So in today's podcast, I chat with Brett Warren about the type of property his team of buyer's agents bought for our clients, and hopefully, these case studies will give you some insight into how to choose an investment-grade property. 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 = at www.PodcastBonus.com.au Shownotes plus more here: Here are details pf some of the properties we recently bought, with Brett Warren

As we sit here today inflation is the highest it's been for years, interest rates are rising and people are wondering how high they will go, plenty of tech stocks are down by up to 50%, the war in Ukraine continues, and supply chains are broken, the pandemic is lingering, China is in lockdown, we have a new government, and on and on. Somehow it feels like there's more economic uncertainty than there has been in years. Even though that's probably not the case But what does all this mean for Australia's economy and our property markets? Since these don't operate in isolation, each month I take time out to have a look at the big picture, the macroeconomic factors affecting not just Australia, but the world economy in these Big Picture Podcasts with Pete Wargent, in our attempt to give you a little more clarity on what's ahead. Links and Resources: Michael Yardney Metropole's Strategic Property Plan – to help both beginning and experienced investors Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Pete Wargent's new Podcast Pete Wargent's blog Shownotes plus more here: The Big Picture – economic and property trends you must understand – June 2022, with Pete Wargent

If you're a property investor you probably want to increase your rental returns. And while you've most likely enjoyed strong capital growth over the last couple of years, moving forward this is likely to be more subdued – meaning getting better rentals is going to be even more important. So how do you do this without losing tenants? That's what I'm going to chat about today with Leanne Jopson, national director of Property Management of Metropole so that at the end of today's podcast you'll have some hints about how, when, and how much you can increase your rents. 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 Property management for serious property investors – get the team at Metropole to help you maximise your returns. Get your bundle of free eBooks and reports at www.PodcastBonus.com.au Shownotes plus more here: Proven strategies to boost your investment property's rent, with Leanne Jopson