It is not uncommon for a group of people to entertain the idea of pooling their resources in order to increase their buying power and spread the risks associated with investing in property. Surely this is a no-brainer, right? By chipping in with friends or family you will have a larger deposit and can potentially…
Welcome to another episode of the Michael Yardney Podcast, as today we discuss how to prosper in a financial world that’s rigged against you. Now that’s a bold claim, but my special guest today is Rob Dix, author of the book The Price of Money, and we’ll be discussing money, inflation, the world of finance,…
Are you looking for a faster way to expertise? You may have heard about the 10,000-hour rule which has been popularized as the gold standard for becoming an expert in any given field. However, recent research suggests that there is a more realistic and achievable timeframe for expertise – the 100-hour rule. The 10,000-hour rule…
Robert Kiyosaki’s “Rich Dad, Poor Dad” series of financial books has changed the way many people think about money and investments. In my early days learned a lot from Robert Kiyosaki, even though I’ve come to disagree with his real estate investment philosophies, which don’t really work in Australia. I’ve quoted Robert on more than…
We all belong to one – a demographic tribe, that is. In fact, Australia is one big country of many tribes. If you don’t belong to the one, you don’t survive. Some are easy to find: it might be your footy team or where you work, the way you vote, or the way you dress….
It looks like 2023 is going to be a watershed year for property. Sure there are still many economic headwinds that we’ll encounter and this has led to many mixed messages in the media and this together with uncertainty about our economy and jobs is causing a feeling of confusion for many investors. But what…
Many consider Warren Buffet to be the world’s greatest investor. Buffett who is 84 years old is consistently ranked amongst the world’s richest people, is arguably the most successful investor of the 20th century and has an estimated net worth of $74 Billion. This means, he’s earned (on average) around $900 million each and every…
There are a number of definitions of wealth. True wealth is not how many properties you own or how much money you have, but what you are left with when they take all your money away — your health, your family, your friends, your spirituality, and your contribution to society. Yet another definition of wealth is…
Renovating a property can be a great way to create value and drive capital growth, but it’s not as simple as many people think. In today’s market, where property values are not expected to grow strongly for some time, many investors are turning to renovations as a way to manufacture capital growth. However, there are…
In a world of economic uncertainty, it’s easy to feel like achieving financial freedom is impossible. In today’s show, Ken Raiss and I answer a number of your questions about how, despite all the unknowns ahead, property investors can achieve the end game of financial independence. You’ll hear that although the journey may not be…