Tuning in with Munzurul Khan, property investor and principal of Keshab Chartered Accountant, you will pick up some tips on what to look for in terms of macro drivers in the market and why the bucket list is a fallacy. Also uncover how you can implement the compounding effect to your advantage – rather than watch the house of cards fall apart!
Benefit by saving one third of your income for your investments, find out what successful people say about failure and why the big picture is always more important than the micro drivers when considering your property as a business entity.
In this episode, here’s what you’ll learn:
01:32
How in 2005, Khan learnt and found the resources to kickstart his investment portfolio, sharing that without the internet he sought through books by Steve McKnight, Robert Kiyosaki and many more – to find out how to become an investor.
06:33
How the book ‘The Richest Man in Babylon’ motivated his investment endeavours, teaching him the strategy to divide his wealth equally – giving him gratitude to what he can save, own and use.
10:13
Why Khan believes that having a bucket list is a fallacy – explaining that it is better to just do it than just wish to do it – there making life fulfilling.
13:38
Khan shares his personal strategy in building his portfolio – why it is important to do extensive research on your properties price and rate of return – making sure that you also have an exit plan.
19:57
How Khan listens and learns through business channels on his television, as he reflects on some advice he would give himself ten years ago.
22:42
Khan gives insight on his future property development plans, as he expresses the importance of questioning every decision.
Show Notes and Credits:
Thanks a million for checking out this episode! Below are the websites and other tidbits that were mentioned in today’s podcast with Munzurul Khan. If you have any questions, feel free to leave a comment below and I’ll respond right away!
Show Notes:
Jan Somers
Margaret Lomas
Steve McKnight
Robert Kiyosaki
Somersoft Forum
Richest Man in Babylon
Income Protection
Life Insurance
Channel 602 on the Foxtel
Money Your Call with Margaret Lomas
Your Property Empire on Sky News with Chris Gray
Bucket List
Keshab Chartered Accountant 02 9633 5511
Do You Have A Question or Have A Story To Share?
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Mentionable Quote
This episode was produced by Alex Cooper with narrations and interviews conducted by Tyrone Shum.