The Clever Investor Property Podcast

There are certain things that are supposed to terrify us, things that go bump in the night, vampires in castles, clowns hiding in storm-water drains.
But Lenders Mortgage Insurance is as lovely as a basket of kittens and quite possibly the best invention since we started slicing up bread.
Don’t let any of BBQ experts tell you otherwise.
Lenders’ Mortgage Insurance was introduced into Australia in 1965 with the simple purpose of helping first home buyers to get into the property market.
LMI protects a lender in the event of a borrower defaulting on a residential mortgage. But remember, lenders hate risk. 
Happy Lender = Better deals for us all.

Do you lay under the stars at night pondering the universe and what's beyond all that glitter in the sky and then thoughts like
"What is the difference between a Financial Planner and a Financial Advisor??"
shoot across your mind like a wonky satellite spiralling out of orbit? 
"...and exactly how rich do I have to be to need one??"
Trouble yourself not more, come listen to this weeks show.
Our special guest to help smooth out your mind is Scott Taylor from Financial Accord. 
He's not my cousin....we just happen to have a common as muck surname.
"Retiring today is completely different to what it was 20 and 30 years ago because people are more active, living longer, they want to see the grandkids and travel".   Scott Taylor
 
If you liked his style and need some help contact Scott:
Scott Taylor
scott@financialaccord.com.auOffice: 9888 2544Mobile: 0439 988 163

"To fix or not to fix, that is the question.Whether ’tis nobler in the mind to sufferThe slings and arrows of outrageous fortune,Or to take arms against a sea of troubles,And by opposing end them? To die....to sleep...."
Might not be exactly as Shakespeare originally wrote it but our no drama show this week is taking the fright out of Ye age ole question every time there's rate movements.
Fix, Variable or a bit of both?Grab yourself a cup of English breakfast tea, sit back and get the facts 'Clever Investor Podcast' style.

In 1939 the British government released a motivational poster that has become synonymous
"Keep calm and carry on"
It was intended to raise the moral of the British public, which at the time was greatly threatened by mass air attacks and the potential of invasion.Fear not fellow Australians nobody is trying to pinch your house, nobody is trying to kick you out into the street.
Don't try and figure all of this out on your own you're not meant to and please don’t jump on doctor Google and make all of your decision's from that.
Our Aussie economy is doing well, the outlook is very positive and the Reserve Bank (RBA) are not unhappy with us. Remembering that the RBA work outside of any political influences. 
In the words of Douglas Adams....."Don't Panic".

Ok, I admit to catching your eye with 'sexy' in the title and for most of you (with the exception to maybe accountants) the though of trying to start a budget is a million miles away from ever being sexy.
But if you are struggling to make ends meet or want to one day buy that home or investment, you need to stop wasting time, wasting money and consider that a budget is a tool to help you get the job done.You'll eventually find this very arousing. We talk about goal setting and here's the effective way to do it using S.M.A.R.T.
Specific, make them defined not vague.
Measurable, add a time of financial value.
Actionable, you must be really capable of being able to achieve your financial goals.
Realistic, make them challenging but make them achievable. 
Timetabled, put a fine time line or deadline on them, progressive milestones dates a great to use.
Evaluate your progress, celebrate you wins, learn from your mistakes, don't ever give up.Let us know how you are going. 

Part two of the battle of the major investment classes.
We dip a toe into their past histories, the highs and lows. Take a look at the term Gearing and then the acquisition, borrowing and disposal costs for each one. You get to find out who Franking Credit is and what CGT really means. 
All this packed up and delivered faster than your Uber eats dinner. 

Should you investing in property or shares? 
Its a question that many grapple with and sadly many put it in the too-hard basket and never do anything.
We put the gloves on these long time adversaries and let them duke it out in 'The Clever Investor octagon'. 
There are many reasons why you would pick one over the other. It will depend on your individual financial circumstances and goals. Listen to the episode on 'building your team' as these are the people you'll need in your corner to give you the right advise.We are going to look at the basics of property and share market investing and give you an insight to help you answer this perennial question.We've split this into two episodes or should we call them Rounds ?

If you’ve been to any family multi-generational gathering, you would have heard a 20/30ish year old say
‘I’m never going to be able to afford to buy property.’  
It's been hot topic around the BBQ grill for years and right now, you could say its boiling.
Especially around the rising property prices in Sydney. Feeling frustrated about it? 
We have a solution.
We are personally inviting you, family, friends, loved ones to an all NEW online webinar event called
“Helping your kids into the property market.”
It's being presented by my good friend and CEO of Blue Wealth Property Dr Tony Hayek.
Tony will be debunking the common myths surrounding the affordability of property, explaining why now is the best time to be investing and how using research will get them the results they want.
Here are 3 things you will learn at the event:
We are debunking the myth that your kids will never be able to buy property
We’ll give you solutions to help your adult kids enter the property market sooner
Learn where the property markets are, and what opportunities our research is uncovering.
Booking link: Helping Your Kids into the Property Market
https://www.bluewealth.com.au/event/booking/1626/

There is an old saying that 'if you fail to plan, you plan to fail'. A budget is a personal financial plan that you can use to make sure you have plenty of pay left at the end of the month.  Learning to make, plan and run your own Budget is a skill that takes time to perfect.
The Benefits of Budgeting
You take control of your money
Avoid unnecessary debt
Pay off debt faster
Show banks you are a low credit risk
Much better for your mental health
You become a better lover (I might have made this one up)

Property investment can be complex for first time investors.
In our typical 'Clever Investor' style you know it doesn't have to be that way, follow these nine simple steps.
#1 Have a Plan
#2 Know your Numbers
#3 Use a Mortgage Broker
#4 Get Educated
#5 Think with your Head
#6 Avoid Negative People
#7 All good things take Time
#8 Use a Property Manager
#9 Reflect, Review, Refocus

A terrible thing about growing up is thinking about all those grown-up things. 
Understandably, dying is not something any of us really want to dwell on. However, if no will is found on that fateful day, it is usually presumed you passed away intestate.
That is, without a will. 
The best way to ensure you have covered all bases is to get advice from a licensed legal or estate planning professional. You can also learn more about intestacy on the NSW Trustee and Guardian website.

Come along to this very special webinar event where we will help you explore the strategies behind what Rentvesting is, and how you can still own AND live in the location you love.
If you have been faced with the difficult decision of wanting to buy, but not knowing if you can afford it in your chosen location?
The ‘Great Australian Dream’ of owning your own home and being able to retire comfortably has had to change. Lets explore how many Australians are set to achieve financial freedom.  
Wednesday, 23rd March 2022 7:30pm - 8:30pm AEDT
Rentvesting webinar
 

Have you been laying asleep at night thinking 'What really is a Contract of Sale?'  and when you've discovered the answer to that you'll be asking yourself...
'Can I sell or buy property in Australia without one?'  'Are all these contracts are the same ??'
Oh you're hooked now........
Find out the answers to all of that and so much more by our studio guest Peter Ishak, property contract expert, all round nice guy and founder of Ishaks 
Ishaks is a professional, experienced team with a commitment to meticulous process and individual service. The organisation has deep knowledge of the conveyancing industry and are specialists in off the plan and house & land acquisitions. 

What does most people’s superannuation look like?
Most Australians are in superannuation funds selected by their employer.
And of the 15 million superannuation fund members, 40% of you have multiple accounts !!! That collectively costing you $2.6 billion in additional fees each year.
60% of Australians make no choice on how their super in invested, by default most of it is invested into the share market (and nearly 50% of that is in the equites markets).
What's the alternative??
This week we take a short peak into Self Managed Super Funds (SMSF).
 
 
 

Short term loans are not a new thing and since Adam was a boy there has been a need for quick no questions cash.
 
It's a well backed big business now as the Australian payday loan market has become a billion-dollar industry.
With the growth and ease of the internet in our world its now estimated that 90% are applied for online.
We look at what to watch out for when utilising this type of credit.
 

We talk about a very unique bank, we’ve all heard of it, but you can't get a credit card with them. They have no need for adverts on TV, they don't sponsor a footy team and you can't get a mortgage from this bank.
Opening the lid on The Reserve Bank of Australia. 
 

This week Owun teaches us to no longer take that innocent piece of paper for granted.
Within its great mysteries it harbours a multitude of must-have-information-bits and if you think its confusing to look at, then you can bet that the loan assessor at the bank will push your file into the to-hard basket.
Owun lifts the lid on Gross and Net pays and introduces you to Beryl in payroll.  

You are not alone when you are trying to build your wealth, so please stop trying to do it all on your own. 
Don't fall in to the horrid trap of spending time trying to Google(Edu)cate yourself.
There are beautiful, qualified, trained, experts out there, waiting to join your team. 
Who are they and what do they do?...welcome to this weeks show. 

Banks and other lenders use your credit score to decide if they feel you are a good or bad risk. Knowing what is on your credit file can help you understand why a lender might reject your application or get a great deal.
Your credit score is calculated:  
the amount of money you’ve borrowed
the number of credit applications you’ve made
whether you pay on time
The score will be between zero and either 1,000 or 1,200. A higher score basically means lenders consider you less of a risk.
You have a right to get a copy of your credit report for free every 3 months and I highly recommend you get a copy at least once a year.
Jump online and get a credit score for free from an online credit score provider, such as Equifax Credit Simple, Finder Canstar
Let us know how you went getting your credit file.

An introduction to The Clever Investor Podcast: Do you wish that all things wealth and finance were much easier to understand and not presented by a bunch of beige cardigan wearing geeks.We are dishing up the easiest to understand finance program, served in bite-sized chunks, no show is any longer than 20 minutes, your brain will thank you as your knowledge grows.Hosted by Owun Taylor, a multiple award-winning expert with a glorious knack for explaining the complex world of wealth in the simplest of ways.