In today's episode, we go through 6 things you should know before you buy a house. 

The 6 things that we focus on in today's episode are:

1. Hidden Costs

2. Buy a House You Can Afford

3. Sort out the Neighbourhood, Traffic, & Noise

4. First Homers Grant

5. Get an Inspection Done

6. Ask Questions

We break this down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out.

I am not a financial advisor, please seek financial advice before making any sort of financial decision.

In today's episode, we go through 4 side hustles you can start today to start earning extra income other than your 9-5 job. 

The 4 side hustles that we focus on today's episode are:

1. Reselling

2. Uber

3. Monetize Your Skillset

4. Social Media Manager

We break these habits down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out.

I am not a financial advisor, please seek financial advice before making any sort of financial decision.

In today's episode, we are talking about a property investment strategy called rentvesting. We will cover what rentvesting is, what the benefits are, followed by the downsides of rentvesting. We will also cover who rentvesting might be most suited for. Here is a brief overview of the benefits of rentvesting: 

Live Where You Want - You have the flexibility to live where you want. You are not bound by the property that you purchased in a certain area. So you could live close to work, close to school, or to family. This is all while still investing property elsewhere, where it makes more sense to invest in.  

Low Maintenance Costs - The owner of the property is liable for maintaining the place you are renting. So you will save a lot on not having to worry about that, as usually, you would be living in an area where property prices are higher.  

Tax Benefits - You can claim a variety of different expenses when you have an investment property like interest expense, depreciation on building and fittings, costs of renting and maintaining the property, and much more. This can be used to help offset your income earnt, hence you will generally pay less tax.  

Rental Income - The rent that you get from the tenants living in your investment property, can be used to pay down the mortgage and cover most if not all expenses depending on if you purchase a cash flow positive or negative property. If it is a positive cash flow property, you can use the surplus cash to pay some of the living expenses too.  

Capital Gain - The investment property, in general, will appreciate in value every year. Which you can then leverage by using the surplus equity in the home to purchase another property or you could sell the property and pocket the difference between the sale price and the cost price.  

Here are the downsides of rentvesting:  

First Home Owner Grant - You won't be eligible to get a first home owner's grant which can be anywhere between $5-20k. 

Cost of Home Ownership - You will have costs associated with your investment property, such as maintenance, property management fees, insurance, rates, water, etc.  

Primary Residence is Less Secure - You are living in a property that is not yours. So if the owner decides to end your lease after the fixed term is up they can do that. If they decide to move into their home, they can do that as well. You also can't renovate the house and do any upgrades. 

Stamp Duty & Deposit You have to pay stamp duty on an investment property which can be pretty hefty in Australia. While in New Zealand, if you want to purchase an investment property you have to pay a 40% deposit to do so compared to if you want to buy your first home to live in, which will only require a 20% deposit.  

We break these benefits and downsides down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out. I am not a financial advisor, please seek financial advice before making any sort of financial decision.

In today's episode, we are going to go through different costs associated with owning a home. These costs include:

1. Insurance, 

2. Interest 

3. Property Rates

4. Maintenance 

5. Water

6. Electricity & Gas

If you are going to be renting your property out, there are two other costs associated with this as well which are:

1. Vacancy

2. Property Management Fees

We break these expenses down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out.

I am not a financial advisor, please seek financial advice before making any sort of financial decision.

In today's episode, we will be doing things a little different. Just last week me and my good friend Shameer did a webinar session where we discussed everything Crypto, Metaverse and NFTs. So what we are going to do today is share that audio with you guys via this podcast. It is a super interesting webinar so make sure to listen all the way to the end to better understand the new digital world.

We break these terms down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out.

I am not a financial advisor, please seek financial advice before making any sort of financial decision.

In today's episode, we uncover 6 life-changing habits that you can incorporate in your daily life to help you build a stronger foundation for yourself to make you happier, healthier, and more focused on achieving the goals that you set out for yourself. 

The 6 habits that we focus on today's episode are:

1. Creating Life Goals

2. Create To-do Lists

3. Give Yourself Deadlines

4. Excercise Regularly

5. Read Books

6. Consistent Sleeping Pattern

We break these habits down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out. 

I am not a financial advisor, please seek financial advice before making any sort of financial decision.

In today's episode, we go through 6 tips on how to build your wealth as a young person. The tips we focus on today's episode are:

1. Read Books

2. Get a Job

3. Find a Mentor

4. Track Your Expenses 

5. Start Investing

6. Get a Credit Card

We break these tips down in great detail & drop a few golden nuggets along the way, so be sure to check this episode out. 

I am not a financial advisor, please seek financial advice before making any sort of financial decision.