[arve url="https://www.youtube.com/watch?v=CpXXuKquOMk" mode="lazyload" align="center" /]

Book Your Free Strategy Session

Resources Related To This Episode

Rich Dad Poor Dad Book

Barefoot Investor

Barefoot Investor Bank Accounts Explained

Questions About Barefoot Investor Bank Accounts

2 Properties To Financial Freedom

Transcription:

So like most people in Australia, I have a credit card or me and my wife do, it's from St George. Mastercard could eliminate $2,000, but we are actually working to completely get rid of our credit card. And then this episode I'm going to talk about why that is and why I think for us it's going to be best not to have a credit card, so this might help you. You might want to assess whether or not you want credit cards in your life or whether you actually want to step away from credit cards, which is what me and my wife will be doing in the future. Hey, I'm Ryan from on property.com dot EU. I hope people invest in property and achieve financial freedom. And for me, getting rid of the credit card is all about financial freedom and maximizing the cashflow as well as simplifying my life and simplifying my banking.

Now, if you haven't read it yet, Rich Dad, poor dad is an amazing book and one of my favorite things in that book is how he redefined the word asset and redefine the word liability. This completely changed my life when I read it. I sat down and read basically all of his books when my wife was pregnant with our first kid, so that was about nine years ago and I achieved financial freedom and about seven years or six years after reading his books through my businesses and through applying these principles and so he redefined asset and liability. And so what most of us think when we think of an asset is we think of something that's worth value. That it has some sort of value that you could sell it. So your house might be an asset. Your car would be listed as one of your assets.

My gamecube controllers that are worth about $50, age would technically be an asset, but Robert Kiyosaki takes it further and says no, and asset is not about whether or not something is worth money or whether or not it holds value, but an asset is about what that item does to your cashflow. And so an asset is something that puts money into your pocket and so delivers you passive income and then also redefines liability as something that takes money out of your pocket. And so this is an ongoing expense. And so that's why it was so controversial when it came out because he says, your house, the one that you live in is not an asset because living in that house costs you money. Even if you completely paid off the mortgage, you still got counselor rights, you still got insurance, you've still got maintenance. So from a cashflow perspective, it's a liability.

And so you may or may not agree with these terms. It's fine. Like if you want to call your house and asset, that's fine. Pick another word for things that generate passive income, but just this idea of focusing on in your life, building assets and working for assets, working to acquire assets and then getting rid of the liabilities in your life. And this is why I've come to the conclusion that we're just going to get rid of a credit card because it is a massive liability for us. I also recently read the barefoot investor. If you haven't checked out that book, go ahead and check it out. Uh, talk exactly about how I set up my bank accounts as a result of that book in episode five, hundred and 10, so I go to on property.com dot a u four slash 5:10 if you want to learn more about the barefoot investor bank accounts, but basically the mixture of realizing that my credit card is a huge liability as well as this new banking system.

I don't need a credit card anymore. So let's talk about the liability aspect of it and how that's affecting my financial freedom and how it might be affecting your financial freedom.

[arve url="https://www.youtube.com/watch?v=kwaAHOFJn78" mode="lazyload" align="center" /]

Often property investing seems extremely complicated. This leaves many people feeling overwhelmed and unable to take action.

Let's get back to basics and establish a simple way to invest in property and achieve financial freedom. Then if we want we can grow and expand our strategy from there.

Book a Free Strategy Session with Pumped on Property

Resources Related To This Episode:

2 Properties to Financial Freedom Video

Ask a question

Transcription:

Often property investing can seem extremely complicated and extremely overwhelming and the biggest problem that I see people having is that they don't actually stop. And so in this episode I want to talk about how you can make property investing simple, not easy, not quick. This is not going to get rich quick and a really easy way to do it, but it's just going to simplify it. Property investing for you. So you'll have a really simple strategy and then you can go out and expand from there if you want to. But this simple strategy can allow you to actually achieve financial freedom. So what is this? Um, hi, I'm Ryan from on-property dot com dot EU. I help people invest in property and achieve financial freedom. And I do see people getting extremely overwhelmed with how they need to invest in property. They might think they need to buy 10 properties in 10 years.

They might think they need to do development or subdivision or strata titling or commercial properties and mixing all of these different strategies in order to make money in property and in order to achieve financial freedom. And so today I want to share a really simple strategy, not going to be the fastest strategy to make money in property, but it's a really simple way to look at achieving financial freedom through property so you can start with this and then as your skills improve, then you can add in the more fancier stuff if you want to. And the strategy is this super, super simple guys, it's by property, pay off debt, and then live off the rental income for that property. That's it. Okay. You might already know about this. You may have heard of this before, that you can buy and hold property and that you can pay off the debt over time.

And once the debt's paid off your largest expense, which is generally your mortgage, you no longer have to pay, which means the bulk of the rental income is going to go into your pocket and with enough properties and enough rental income, then you can live off that money. So me and Ben talked about this in our two properties to financial freedom video. So if you haven't checked that out, do go ahead and check that out. I'll leave the links in the description down below or go to on-property dot com dot a u four slash five, oh eight, and you can check out that strategy over there, but basically the idea of that strategy was to purchase to high quality properties, will to granny flats on those properties. Then you'll have a over seven percent rental yield and your properties will be positive cashflow. You then focus on paying those properties off over the next 25 years or ideally speeding that up and paying them off quicker and then once they're paid off, the money that was going from those properties to pay off the mortgage now goes into your pocket.

So let's jump into a little bit of maths just to make this more straightforward for you guys or just so you can see some more concrete examples. A lot of people use the amount of 80 percent of rental income as a standard, so you've got 100 percent of rental income coming in. Twenty percent of that is going to go to expenses. So you've got your rental manager fees, you've got council rates, you've got insurance, you've got maintenance. You've got water, you might have strata or body corporate fees if you have a unit, and there's some other expenses as well, so a good kind of mark is about 80 percent of the rental income.

[arve url="https://www.youtube.com/watch?v=PyQtkKPCAXI" mode="lazyload" align="center" /]

Expanding on my episode about the Barefoot Investor bank accounts I talk in more detail about practically how this way of banking works in my life.

Resources From This Episode:

Barefoot Investor Book

Barefoot Bank Accounts Video

ING Bank Accounts

$1,000 Project Book

Canstar NZ

Transcription:

I recently did an episode on the barefoot investor bank accounts and bucket, so I told about exactly how the barefoot investor recommends you set up your bank accounts, tried to make it really straightforward for you guys and also talks about the alterations that me and my wife made in order to make it work for us. So the barefoot investor bank account strategy is a great framework. It's a great way to manage your money. We had to make some alterations because it got a bit confusing for us, so we just made it work a little bit better for us and I think that's a good thing. You take the cool concept and you tweak it for yourself and you make it work for you and for your relationship and for your family and your banking accounts, whether you be single or whether you'd be partnered or whatever it may be.

Anyway, I received some questions from calum from New Zealand and so I thought rather than just writing back to this email, I would create a video answering these questions because I feel like it would be useful to a lot of people out there who have either read the barefoot investor and I'm interested in setting up these bank accounts or people who aren't quite there yet, but the barefoot investor and what I talked about is kind of peak their interest and they want to learn more. So I hope you find this useful. We're going to go into more detail in exactly how I manage my bank accounts and transfer my money and we're going to talk about things in more detail. So yeah, I hope that you enjoy this. Hi, I'm Ryan. If you don't know me already, I'm from on-property dot com dot a u and I help people invest in positive cash flow properties and achieve financial freedom.

And so I love these questions from Callan. So I'm going to go in and read the email to you guys and we'll go through and answer these questions. So callum, I hope that you find this helpful and same to everyone else who's listening. Before I read this email, just want to let you know if you haven't read the barefoot investor book, highly suggest you check that out. Go to on-property dot com, forward slash barefoot and I'll link to booktopia where you can purchase that book and get it shipped out to you. I recently just purchased this book, the thousand dollar project from Booktopia came in a couple of days, so really happy with their delivery and their service. So again, that's on property.com forward slash barefoot. And if you want to watch the previous episode that's On-property Dot Com dot a u four dash 5:10. And that's where I talked about the bank accounts in detail.

And so you can check that out. I'll also leave the links to those in the description down below. Let's get into the email. Hi there, appreciate your time. And if you could just answer a few questions I have after watching your video about the barefoot investor book. I'm from New Zealand and uh, found the book to be amazing and I'm determined to set things up for me. I'll be at with the New Zealand version of things, which is one of my points for you also. So they asked a question about that later. So question number one, I liked your idea of the pot and the everyday spending accounts. So do you have a card for each and with the everyday spending, you didn't mention anything about whether put in the 60 percent of your pay or income each time. And so what's the plan there? What do I do?

So what the barefoot investor recommends is that when you get paid, 60 percent of your money goes to everyday spending, 20 percent goes to a fire extinguisher to pay off debts and to put out financial fires,

[arve url="https://www.youtube.com/watch?v=aN70nowp1LU" mode="lazyload" align="center" /]

Should you buy an investment property or your own home first? This is a major life decision and should NOT be taken lightly. In this episode I give some insights to hopefully make this decision easier for you.

Resources Related To This Episode

2 Properties To Financial Freedom

Transcription:

Tonight I want to talk about the idea of whether or not you should buy an investment property or whether or not you should buy your home first and now this is not a decision that I think you should take lightly. Obviously this is a really important decision for you and for your family. This is going to be a massive purchase and a lot of people want to own their own home, so I'll just go straight out there and say that there's no right answer to this, so I'm not going to be saying what you should or shouldn't do, but I'm going to look at some of the pros and cons of each decision and then you can hopefully I'll help you make that decision for yourself because this is a big one. A lot of people want to own their own home. A lot of people also want to invest in property and achieve financial freedom, so what's going to be best for you and what are some things that you can look at?

One of the things I think people don't realize when they're making this decision is that they often choosing between the idea of security and having that security because having a dream home or having a home that is your own that you pay off and own outright, that provides people with a lot of emotional security. No one's going to kick you out of that home. Banks can't foreclose on you once you own it outright. If you're renting than the people who are in the home can't kick you out. That home is yours. You've got security for yourself, but especially being. If you're like me, where you're married with kids, you've got that security that you've got a place to raise your family, that you're always gonna. Have a roof over your heads. So choosing between the security and the potential of freedom and so freedom is the ability.

Well, I believe to do what you want with your time. And for me, freedom has always been way more important than security. So I'm not saying that freedom should be more important than security for you, but I will let you know that it has always been more important for security for me. And my wife had basically saved up a house deposit ourselves, but we were unhappy where we're living on the gold coast. So we were looking at purchasing property at the time. Actually we've done this twice. We saved up a deposit, we paid off debt and we were basically one commission away from having our deposit ready to buy a house on the central coast and we gave all of that up in order to move up to the gold coast. So we chose freedom in which shows that we wanted to move up to the Gold Coast to get a lifestyle and so I could start my business.

And so we gave up the house deposit, use that savings for the move and to support us while we got my business up and running. So we chose freedom then and then we were on the gold coast. We were in a financial position where we could purchase a house or would be able to purchase a house in the near future, had the deposit, but we weren't happy on the Gold Coast. Um, we decided that we wanted to try something radical, something different, and so we purchased a sprinter van and then did that up and went traveling as a family in the van. So again, we put our savings into that and chose freedom over security because the security wasn't making us happy and we weren't happy in that. And so we thought, you know what, we could double down on the Gold Coast, we could purchase the house like most people do.

We could choose security, but we're not happy right now. And so let's choose freedom. Let's find the place that we're happy. And then if we want to settle down then we'll do that in the future.

[arve url="https://www.youtube.com/watch?v=4AM9QcGkkAM" mode="lazyload" align="center" /]

Something I didn't realise would happen as I paid myself first is the momentum that would build once my savings became too large to touch.

Buy the $1,000 Project Book Here

Transcription:

Hi Guys, Ryan here from on-property dot com dot EU, and in this episode I want to talk about how you don't need to be financially free in order to quit your job and to live the life of your dreams. So how does that work? That's what I'm going to be talking about in today's episode. VII, May. My name is Ryan. As I said, I run on property dot condo. You, I help people find and invest in positive cash flow properties. And today I want to debunk the myth that you need to be financially free. In order to quit your job. You need to be financially free in order to live the life that you want to live because it's actually not true. And so this idea comes out of the video that I did with Ben Everingham on two properties to financial freedom. So if you haven't watched that video, you need to go ahead and check that out.

That's an on-property dot com. Dot Eu four dash five. Oh, eight. So go ahead and check that out if you haven't checked it out already. But there's, that's the idea that there's a way to invest where the properties themselves will work for you and go on to create the financial freedom for you. So you don't need to work hard, strive for 15, 20 years to create the financial freedom. The properties are going to do that for you. They're going to be your little minions in the background working for you. So most people, the way they invest is they're investing for capital growth or trying to grow their properties. They're selling properties, buying new ones. It's negatively geared, so they've got to keep paying for it. Kate, working to pay for it. This idea suggests that you invest in properties that pay for themselves, so positive cash flow properties.

And what we talk about in that episode is you buy two high quality houses and you build a granny flat on each of those. So you've got to high quality properties with, for incomes coming in, your positive cashflow. So it's paying for itself and paying off the debt. And so what happens is, let's say you're working in a job you hate, but you're earning good money, right? So you use that to save your deposits and to borrow money from the bank and to buy these properties. So you buy the two properties, you build the granny flats, but then these properties and now working for you and these properties are positive cashflow so they're paying for themselves. So they're going to pay themselves off over time. If you've got a 25 year line, they're going to pay off that loan over time just because the rental income coming in is more than the expenses.

So once you own these properties, you can just let them do their thing. Girl, I just leave them to it. They're going to go ahead and do their thing. They're working for you to create financial freedom. And so rather than investing with this mindset of I've got to actively create my own financial freedom that I need to be, you know, playing the market, looking for capital growth or this sort of stuff. No. If you just spend a couple of years buying these high quality properties, getting these granny flats in as well, and you don't even have to do granny flats, you can just buy positive cash flow properties, that's fine, but yeah, if you spend time doing that, once you purchase those properties, you don't need that high paying job anymore. You've got these properties that are working for you. They're paying for themselves. They are going to go on and just work behind the scenes and deliver you financial freedom in the future.

So you've got this base, these foundational properties that will deliver financial freedom so you have financial freedom, but not yet. So it's going to happen in the future, but it's just not happening right now.

[arve url="https://www.youtube.com/watch?v=B4HMZKUO0lY" mode="lazyload" align="center" /]

Did you know you don't have to be financially free to quit your job?

By setting up a foundation for financial freedom you stop worrying about retirement and start pursuing a career you absolutely love.

Transcription:

Hi Guys, Ryan here from on-property dot com dot EU, and in this episode I want to talk about how you don't need to be financially free in order to quit your job and to live the life of your dreams. So how does that work? That's what I'm going to be talking about in today's episode. VII, May. My name is Ryan. As I said, I run on property dot condo. You, I help people find and invest in positive cash flow properties. And today I want to debunk the myth that you need to be financially free. In order to quit your job. You need to be financially free in order to live the life that you want to live because it's actually not true. And so this idea comes out of the video that I did with Ben Everingham on two properties to financial freedom. So if you haven't watched that video, you need to go ahead and check that out.

That's an on-property dot com. Dot Eu four dash five. Oh, eight. So go ahead and check that out if you haven't checked it out already. But there's, that's the idea that there's a way to invest where the properties themselves will work for you and go on to create the financial freedom for you. So you don't need to work hard, strive for 15, 20 years to create the financial freedom. The properties are going to do that for you. They're going to be your little minions in the background working for you. So most people, the way they invest is they're investing for capital growth or trying to grow their properties. They're selling properties, buying new ones. It's negatively geared, so they've got to keep paying for it. Kate, working to pay for it. This idea suggests that you invest in properties that pay for themselves, so positive cash flow properties.

And what we talk about in that episode is you buy two high quality houses and you build a granny flat on each of those. So you've got to high quality properties with, for incomes coming in, your positive cashflow. So it's paying for itself and paying off the debt. And so what happens is, let's say you're working in a job you hate, but you're earning good money, right? So you use that to save your deposits and to borrow money from the bank and to buy these properties. So you buy the two properties, you build the granny flats, but then these properties and now working for you and these properties are positive cashflow so they're paying for themselves. So they're going to pay themselves off over time. If you've got a 25 year line, they're going to pay off that loan over time just because the rental income coming in is more than the expenses.

So once you own these properties, you can just let them do their thing. Girl, I just leave them to it. They're going to go ahead and do their thing. They're working for you to create financial freedom. And so rather than investing with this mindset of I've got to actively create my own financial freedom that I need to be, you know, playing the market, looking for capital growth or this sort of stuff. No. If you just spend a couple of years buying these high quality properties, getting these granny flats in as well, and you don't even have to do granny flats, you can just buy positive cash flow properties, that's fine, but yeah, if you spend time doing that, once you purchase those properties, you don't need that high paying job anymore. You've got these properties that are working for you. They're paying for themselves. They are going to go on and just work behind the scenes and deliver you financial freedom in the future.

So you've got this base, these foundational properties that will deliver financial freedom so you have financial freedom, but not yet. So it's going to happen in the future,

[arve url="https://www.youtube.com/watch?v=KL3KKrH39RI" mode="lazyload" align="center" /]

Is a dream home a worthy goal? Or is seeking financial freedom instead of a dream home going to make you happier?

Transcription:

Hey guys, Ryan here from on property and in today's episode I want to talk about this idea of your dream home and whether or not it's actually a worthy goal. Just going to go for a walk. This is my house right here. So you're going to leave my house. Isn't my dream home? No, it's not. We'll talk about that. We've also got my van here, which was my home for a couple of months, so me and the kitchen used to live in that for a couple of months. We're going to go for a walk down to the beach. Okay, so live one street back from the beach. Beach is just there. So we're going to head down to the beach and we're going to talk about this concept of a dream home. So I had an email recently from a listener have on property and if you're listening to this and you probably know who you are, but basically talking about how our two properties to financial freedom strategy, how that fits in with wanting to expand your principal place of residence and expand your home.

Talking about this person talks about how they had invested in a unit in a capital city that they live in as well as in an investment property with the goal in the future of eventually selling those two properties so they can upscale into a larger dream home in Melbourne to get a four bedroom house that was going to be, you know, one and a half million or around that sort of ballpark figure. So as you guys know, especially if you live in capital cities, super expensive to buy houses in capital cities and so it can be really difficult for people to think, okay, I want to get financial freedom, but hey, I also want my dream home. So how do I balance that out? Now? I used to live in Sydney. I used to live in a beach side suburb called crunella. So if anyone's from Sydney, you know what I'm talking about.

I'm a shy boy. Born and bred in the Shire Granola, super expensive. All units now and basically if you want to buy a house in Granola, you're talking to three mil sort of thing. In a previous life that would've been my dream home, a house in Granola near the beach, near the good coffee shops, all that sort of stuff. That would've been my dream home. But now not so much. Okay. So, so life has changed for me a lot significantly, especially in the last two years. So what's happened in the last two years is that I achieved financial freedom through my businesses where I call it pseudo financial freedom because I don't need to work much, but I do need to work a bit and over time those businesses won't always pay me. So it's kind of like short term financial freedom sort of thing if I don't keep up doing a bit of work.

So I'm not completely financially free, but it got to the point where I don't really need to work in order to make money just a little bit. Also location independent because my work is online obviously, so basically we can live anywhere. And so what happened during that period was now I no need to work. That really changed my life a lot. So it really made me open my eyes to how the goals that I had set for myself in terms of business, in terms of financial freedom, they were pushing me for though driving though my focus and I was pushing through life in order to achieve these goals. But when I achieved them, they didn't make me happy. And what also happened was that when we achieve them, we then realized we weren't happy. Okay. You just get so distracted by life. So distracted by work.

So distracted by trying to make money, trying to build wealth, all of that sort of stuff. You've got kids in school, it's really busy and you get really distracted. Just doing that. Like you focus on that and show you got to do it. I remember I used to be a pharmaceutical rep and my wife went after we had our second kid,

The Barefoot Investor recommends you set up your banks accounts in a certain way to help you manage your spending. In this episode I explain the Barefoot Investor bank accounts and buckets and also show you how I set up my bank accounts which is a slight alteration on this strategy. Today I’m going to […]

[arve url="https://www.youtube.com/watch?v=3jJT6_EPTvw" mode="lazyload" align="center" /]

We've tried and failed at a lot of budgets over the years. Here are some of our failures as well as what we are learning about budgeting at the moment.

Transcription:

Hey guys, it's Ryan here from on property. We are just driving home from, we've been at a local farm where they do coffee and stuff like that. And so we're driving home at the moment, kills driving. Is this the first time in over 500 episodes that you've actually been on? So this is my wife Kelly and these are my kids. We go Sasha, Branson and we got lots. And so I thought I'll just take this time as we're driving through the hinterland, pretty gorgeous spot up here to talk about some of our budgeting fails that we've had over the years. There have been so, so many things that we've tried that just basically haven't worked and now I'm like a new budgeting plan and whether or not that'll work. It's definitely not waking for definitely over budget this way, but by, by about 30 percent. Um, so let's go back to when we first got married. I'm trying to remember what our budgeting blank, $70.

Everything except for like rent and electricity. Anything else you wanted to do with $70? And then for awhile we had, and we would put this cash in envelopes and we'd be like, this is our man. Okay. So I think that first we tried the envelope one where people told me you get old cash out and then you can only use what's in that envelope with that, so you'd have like $40 for petrol and that's it. And so that didn't work because we couldn't drive much that week and then we'd want to buy coffee or something. And so we'd always be like taking from one envelope to pay for something else and then we'd be, then we wouldn't take enough cash and we'd have no money to buy that.

Or you would, um, be trying to buy something online, like all you've got is cash in envelopes and so that really wouldn't work. So cash in envelopes well from side of the road, not today. So, um, cash in envelopes, that didn't work. I wouldn't work going forward anyway. Now because everything is completely outdated now. We do online shopping for woolworths, we buy clothes for the kids online because there's no shops around up here to actually buy good stuff. Um, so that wouldn't work. So then we went to the amount of money per day and this was back in the days where what I was working maybe four days a week at mobile. I think I had stepped it up to four, but I'll still any hobby and you weren't working because we had just had sasha, we didn't have much money at all. We were so poor and we, the envelope thing had filed so we decided to do a daily daily budget. So it's like well you get $70 a day or $69 a day, why do we even choose that?

What does it mean? And then that was subtle hot as well because then you kind of like buy bulk of anything. Like if something's on special it doesn't matter. Like you can't buy it, you just have what you have and you just buy like one bag of rice and like a couple of things that went with it and you can't buy for tomorrow. So we are always at the shop and then we had young kids, I was a little bit by then so it just wasn't practical even like filling out petro and you couldn't fill the tank up because it would be. We always did and so that didn't work for us. And then what else did we do?

Are we, what we were budgeting until we could afford to not or we just had a budget budget, budget, budget, but then we would sit down and write all of our expenses and everything, but then we just, we didn't, we didn't have enough money to even do what we wanted to do. I think neither of us are the people that really want to give up a lot of things. We even with over budget this week. Right. And we'd go to this for Joel found this awesome organic farm and they've got like a concert that they had that was sold out and they're doing another one in a couple of months and it's going to sell o...

https://www.youtube.com/watch?v=Pj8gLiDEz8Y

For so many people financial freedom seems like an elusive goal that is extremely difficult to achieve. With the 2 properties to financial freedom strategy that elusive goal becomes an almost inevitable reality. All that changes will be how long it will take you to experience it.

Download the 2 Properties To Financial Freedom Document

Book Your Free Strategy Session

Transcription:

For so many people, financial freedom is this elusive goal that just seems really far in the distance and really difficult to achieve even property investors who purchased one, two, three properties often struggle to actually achieve financial freedom and have the freedom to make the choices that they want and to have the lifestyle that they want. So today, today I am super excited to have Ben Everingham with me. Hey Ben. Hey Ron. I'm excited man. This is going to be huge today. This is probably one of the biggest things that we've ever talked about, so really excited to be sharing this and this is the two properties to financial freedom strategy, something that's been in the works for years but has kind of just come about and it's a way of investing that we believe is simple enough for the everyday investor to do. We believe that it can make it not easy, but achievable for you to get financial freedom and also it just opens up so many options for you as well in your life. You don't need to wait until you're 65 in order to start living the life of your dreams that you can start doing it in a lot sooner and a couple of years sort of thing. So what is it about this strategy that gets you so excited, Ben? Because obviously I'm excited

right now. I get excited when you get excited for it. So this is just like me vibing off you, but when you run me the other day after you sort of had this concept, I think it was while you're having a surf, wasn't it like you like, yeah, something awesome is going to come to me today and he gave me a call that other like what I love about this strategy is you're right. It's not simple because achieving financial freedom takes work and let's all just get real about that for a sec. But it is simple in its application. Most people earning a regular household income in Australia can definitely do this and you don't have to be a rocket scientist to figure it out. And what I love about these compared to all of the other stuff I've read and listened to over the last eight years, is the fact that everyone ends up there if they just follow the strategy, right?

Like worst case scenario, you're going to end up financially free as long as all the crazy stuff of life doesn't get to you when you follow this strategy, which most people should be able to do. So I get so excited about that man. Like I love the fact that it helps people like me and you actually get to where we want to be in a reasonable amount of time without taking on too much risk or too much debt. And it makes the journey a pleasant one because you're not forking out hundreds and hundreds of bucks a week. He negatively gearing just the hope in the future that, you know, you end up getting there when you want to be there.

Yeah. And you don't need fancy strategies or tactics like options or even like things as difficult as subdivision or you know, there's so many different strategies out there that people need to play all these games and get certain amount of capital growth and then sell a property and then buy another property and just juggle so many balls. So I liked that. This is very simple. So I'm gonna. I'm gonna. Lay out the big. Then I'm going to hand it over to Ben and we're going to start to get into the nitty gritty. So the two properties to financial freedom idea, the strategy, what is it? Here's the idea, right? You buy two high quality properties. We're recommending houses. So you buy two high quality properties in Metro markets on those properties. You build a granny flat on each of those properties.