383 | How to create the optimal mindset for investing – Q&A |
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Welcome back folks! In Episode 383 of The Property Couch, we’re discussing how to optimise your mindset and control your emotions as an investor. We’re talking about how to navigate not knowing all the facts, and what bases you do need to cover.
And since it’s Q&A Day we’ve got tons more gold in the bank! We’re answering your questions around knowing when to change Buyers Agents (or when to back them!), and why it’s important to know the difference between specialist and regular Buyers Agents! PLUS, we’re unpacking the upcoming generational wealth transfer that will flow from Baby Boomers and explaining key factors you should understand, or have in place, BEFORE deciding to upgrade houses. There’s something for all ages in there, so tune in now! Here’s some of the gold we cover… 0:00 – Intro 2:16 – Make sure you sign up for Ben and (previous podcast guest) Antonia Mercorella’s PICA Webinar on Queensland’s housing market! https://thepropertycouch.com.au/ep382-antonia-mercorella-property-investors-atm-for-state/ 4:25 – Folks, do THIS to have a great relationship 7:52 – Leave us a question here! (Did we mention you could win a FREE Start & Build course?!) 9:00 – Question 1: Low Stock for Properties 9:55 – When and why you should back your Buyers Agents https://thepropertycouch.com.au/ep-018-what-is-a-buyers-agent/ 11:06 – Where should you buy when there is low property stock? 13:28 – You CAN ask your Buyers Agent these things… 18:23 – The difference between regular Buyers Agents and specialist Buyers Agents https://empowerwealth.com.au/services/buyers-agents/?_gl=1*5ax5w6*_ga*OTA1ODQ5OTMwLjE2ODM1MzI5MzU.*_ga_FXS064WMVF*MTY4NDc5MjM1Ny4xLjEuMTY4NDc5NjA5Ny41Ny4wLjA. 21:33 – Question 2: Buying Off-Market From Mum 23:42 – Why we think there’s more opportunity for your mum…. 27:26 – What’s best for Leino and his brother? 30:33 – Dealing with the generational wealth transfer 37:26 – Question 3: Upgrading or Buying Another House 37:53 – The reason you should know your priorities 40:07 – How to make the invisible visible 41:45 – Folks, it comes down to ____ cost or _____ cost 44:35 – We’ve found most people choose… 47:36 – Why having a finance strategy is important BEFORE you decide! 49:08 – Question 4: Optimal Mindset 49:52 – Please accept this fact folks… 50:55 – How to create the optimal investor mindset https://thepropertycouch.com.au/ep179-winning-property-investor-mindset-jaemin-frazer/ 52:42 – Why people fall into analysis paralysis… 56:12 – Be a farmer, not a hunter!! 57:47 – Practices to control your emotions around investing! And… 1:03:18 – What does genuine connection, not conversation, look like? 1:06:24 – Beware the social influencer spruiker! https://asic.gov.au/regulatory-resources/financial-services/giving-financial-product-advice/discussing-financial-products-and-services-online/ ------ 👋 About Us: The Property Couch is Australia's No.1 Property Podcast hosted by Bryce Holdaway and Ben Kingsley, where they have a good ol' chat about property investing, finance, and money management in Australia. Every week, they cover everything from picking the right property to sorting out your loan, finding the best investment strategy, and even give you some tips for bidding at auctions. So, if you're keen, check out their podcast on the Podcasts app or in the iTunes Store. It's gonna be a ripper! 🎧LISTEN TO THE FIRST 20 EPISODES HERE - Apple Podcast: https://thepropertycouch.com.au/itunes - Spotify: https://thepropertycouch.com.au/spotify - Straight from our website: https://thepropertycouch.com.au/archive - Download our Free Bingeguide e-book: https://thepropertycouch.com.au/tpc20/ DOWNLOAD MOORR, OUR FREE MONEY MANAGEMENT APP: 👉 Apple: https://apple.co/3ioICGW 👉 Google Play: https://bit.ly/3OT86bW 👉 Learn more: https://www.moorr.com.au/ 🎓 FREE MASTERCLASS: How to Build a Property Portfolio and Retire on $2,000 a week: https://thepropertycouch.com.au/masterclass 📖 FREE BEST-SELLING BOOKS: - The Armchair Guide to Property Investing: https://www.thearmchairguide.com.au/ - Make Money Simple Again: https://www.makemoneysimpleagain.com.au/" |