ENCORE EPISODE - Design your decade part 1 (episode 45)

ENCORE of the most popular (and Melissa's favourite) episode!

The DESIGN YOUR DECADE episode was published on 26th June 2020. Phil Tarrant and our own, Steve Waters and Victor Kumar deep dive into the critical questions for investors to consider when approaching the first five years of designing their decade.

Regardless of where you are at in your life, the Design your decade episode is a MUST listen for everyone.

There are so many golden nuggets of goodness throughout that are applicable to those who are planning to start their property journey to those who may have started decades ago. So no matter what stage you are at you will find value in what Steve, Victor and Phil have to share.

As an experienced investor Melissa has found this particular episode really resonate and gave her the reminder of what she needed when it comes to the importance of reviewing their portfolio and dedicate regular time towards it. The episode also gave her the opportunity to reflect on their journey so far and where it was headed in the coming years. She distinctly remembers listening for the first time as she was driving and thought to herself " Steve and Victor have really nailed it with this episode".

Key points:

4.07 - Control what you can influence

7.45 - Where do people go wrong? impatience and not organised!

- anyone that has deviated from the fundamentals will hurt

10.31 - Navigating the first 5 years

12.25 - Transition point from consuming information to implementation. Most people get stuck in information overload

14.50 - A fundamental point in time for experienced investors to reflect and reset

17.00 - What are your tolerances to capital and cashflow

20.19 - critically analyse your lot in life. Each person will be different.

31.00 - The banks will tell you what you can afford, however only you know what you can afford. Often there is a big difference.

34.00 - Formulate strategy based on finance.

The best investors are those that have strategies in place to withstand and succeed in any given situation, whether that be changing personal circumstances or a broader economic crisis triggered by a global pandemic.

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