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Speaker 1: Hi, and welcome to the Rise and Conquer Podcast. I'm

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Speaker 1: your host, Georgie Stevenson. I am a lawyer and health coach,

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Speaker 1: social media influencer, wife and dog mum. On the Rise

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Speaker 1: and Conquer Podcast, we dive deep into all things mindset, habits, career, health,

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Speaker 1: relationships and more. This is a podcast for women who

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Speaker 1: want to rise up to be the best version of themselves,

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Speaker 1: who have big dreams in who are willing to put

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Speaker 1: in the work to get there. I want to bring

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Speaker 1: you the tools and actionable steps to feel confident in yourself,

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Speaker 1: inspired to take bold action, and motivated to conquer your goals.

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Speaker 1: Are you with me, girl friends, Let's rise and conquer. Hi, guys,

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Speaker 1: and welcome to another episode of the Rise and Conquer Podcast.

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Speaker 1: Today's guest is someone different and we are talking all

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Speaker 1: things property, money, mindset and investments. So today's guest is

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Speaker 1: Ida at Shabanz and she is the epitome of a

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Speaker 1: modern day business boss lady. Her informed opinions about property,

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Speaker 1: finance and business are highly regarded across the country. She

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Speaker 1: actually began her career when she was just eighteen and

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Speaker 1: today she is the co founder of several multimillion dollar

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Speaker 1: property and finance companies across Australia and Asia, and she

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Speaker 1: is one hundred percent self made and in just over

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Speaker 1: sixteen years she's built an extensive property portfolio that's worth

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Speaker 1: over ten million dollars. So I wanted to bring her

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Speaker 1: on the show because, as I'm very open with my community,

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Speaker 1: when me and Tim bought our second home, I got

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Speaker 1: a flood of DMS and questions around saving for a house,

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Speaker 1: money mindset, and entering the property market. So I wanted

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Speaker 1: to bring on an expert to chat about these things.

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Speaker 1: And Ida actually runs workshops where she goes more into

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Speaker 1: these specific subjects, and before we bought our second home,

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Speaker 1: I actually went to one of her property workshops and

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Speaker 1: I learned so much, so I really wanted to bring

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Speaker 1: her on the show and share her with you. So

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Speaker 1: you are getting a advice from an expert rather than

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Speaker 1: you know, just my personal experience. So in this episode,

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Speaker 1: we chat about what you should know before entering the

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Speaker 1: property market. She goes into what is the right time

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Speaker 1: to buy, if it should be an investment property or

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Speaker 1: a family house first, and then we also chat a

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Speaker 1: lot about transforming your money mindset so much more so,

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Speaker 1: this is a Packfield episode, so much good advice. If

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Speaker 1: you're someone who is thinking of, you know, buying your

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Speaker 1: first home, or you want to buy your first investment property,

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Speaker 1: or if you're just thinking about entering the property market,

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Speaker 1: this episode is just for you. I really hope you

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Speaker 1: enjoy it. Let's get into the show. Hi, Aida, Welcome

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Speaker 1: to the show.

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Speaker 2: Hi Georgie, thanks for having me.

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Speaker 1: I'm so excited, of course I am too, so guys.

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Speaker 1: I have known Ida for a while now. We actually met.

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Speaker 1: We were both guest speakers at a Minding her business event,

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Speaker 1: which is kind of like what would you call it,

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Speaker 1: like a business event.

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Speaker 2: A women's networking I mean not the traditional style, but yeah,

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Speaker 2: a women's event with work events, because.

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Speaker 1: Yeah, yeah, so that was really fun. That's the first

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Speaker 1: time we met. And then after that, I've been to

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Speaker 1: a couple of Ida's workshops and we've all always sort

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Speaker 1: of like kept in touch. So I'm very excited to

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Speaker 1: have you on the show. Before we get into the

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Speaker 1: good stuff, as this is the Rise and Conquer podcast,

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Speaker 1: I have to ask you what is one thing big

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Speaker 1: or small that you are rising up and conquering this week.

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Speaker 2: This is such a good question because when I was

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Speaker 2: thinking about it earlier today. I was like, I feel

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Speaker 2: like I rise and conquer everything every day, but I

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Speaker 2: think the biggest thing that I have to conquer all

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Speaker 2: the time is time. So when I talk about time,

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Speaker 2: I mean working out with meetings, like I run a

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Speaker 2: number of companies and working out, you know who to

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Speaker 2: give my time to, how to manage my time between tasks,

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Speaker 2: and then outside of work, who to give your time

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Speaker 2: to outside of work, friendships, events, different things. So for me,

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Speaker 2: it's all about conquering time, but not just time, because

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Speaker 2: for me, conquering time is really about being present. So

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Speaker 2: when we talk about time, I don't think time is

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Speaker 2: something that we ever get back, But how can you

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Speaker 2: be able to manage time but be really present with

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Speaker 2: each person and what you're actually doing. So for me,

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Speaker 2: connection is really important. So if I can conquer all

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Speaker 2: my time who I'm giving it to and manage that,

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Speaker 2: I can make sure I'm really present with each client

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Speaker 2: and really connect and give them everything, and then really

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Speaker 2: connect with my friendships, really connect with my family. So

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Speaker 2: for me, it's about conquering time, management and connection being present.

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Speaker 1: I absolutely love that and I definitely need to take

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Speaker 1: a ticket from your book because that I struggle with.

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Speaker 1: But I love that you're already aware that you are

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Speaker 1: such a busy person. You don't have a lot of time,

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Speaker 1: so it's like you have to be very intentional with

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Speaker 1: your time and make sure you're utilizing it in the

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Speaker 1: best way possible.

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Speaker 2: Yeah, I think everyone thinks being busy it's like the

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Speaker 2: new word, like, oh, I'm so busy, But it's like, well,

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Speaker 2: how are you actually using your time every day? And

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Speaker 2: I think as you get older you kind of really

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Speaker 2: appreciate and that's you know, like everything you kind of

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Speaker 2: appreciate what older people tell you, which is, you know,

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Speaker 2: time is something that you never get back. But being

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Speaker 2: able to understand time and then breaking it down to

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Speaker 2: what are the quality things? What inspires me? Who inspires me?

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Speaker 2: What people am I hanging around that lift me? And

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Speaker 2: how am I actually feeling motivation, uninspired or inspired daily?

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Speaker 2: I think that's a good way to break down how

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Speaker 2: you use your time and conquer it and connect.

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Speaker 1: So important and it's so true. I feel like in

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Speaker 1: society today people definitely like with the whole I'm so busy,

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Speaker 1: it's like this badge of honor. Whereas yeah, like you said,

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Speaker 1: it's really important not to be busy all the time

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Speaker 1: and be very intentional with your time. So yeah, I

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Speaker 1: think for sharing that. So I want to get into

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Speaker 1: your story and I want you to tell the audience

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Speaker 1: a bit more about you. I obviously know so much,

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Speaker 1: and you have such an amazing story. You come from

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Speaker 1: such humble beginnings and now you are like this successful

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Speaker 1: boss lady and it's just so awesome to see. So

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Speaker 1: can you give the audience a little snapshot of who

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Speaker 1: Ida is?

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Speaker 2: Where do I start? I think it's important. I think

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Speaker 2: it's really important that people understand that I wasn't actually

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Speaker 2: born in Australia and English is my second language. And

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Speaker 2: I say that because I feel like people look at

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Speaker 2: where you are in life and then sometimes feel like

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Speaker 2: that's impossible for them. So I think understanding that I

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Speaker 2: was actually born overseas and then I moved to Australia,

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Speaker 2: So I was born in Iran, came to Australia, learned

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Speaker 2: English in school, had no idea how to actually even

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Speaker 2: speak or understand English, and then fast forward from there.

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Speaker 2: I moved at a home when I was sixteen years old,

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Speaker 2: so I learned independence quite quickly, moving out a home

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Speaker 2: at sixteen sounds crazy, but for me, it was kind

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Speaker 2: of like what I had to do to survive. So

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Speaker 2: I moved out a home still went to school year

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Speaker 2: eleven and twelve, and then after school I went to UNI,

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Speaker 2: and like everyone, after you finished school and go to UNI,

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Speaker 2: you hate it the first year, I think, And from

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Speaker 2: there I kind of at the age of I think

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Speaker 2: I was probably just nineteen where I realized that I

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Speaker 2: really loved property and I really wanted to find sort

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Speaker 2: of I was studying marketing at the time, and I

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Speaker 2: really wanted to look at how I could do marketing

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Speaker 2: within property. So I actually went and started to look

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Speaker 2: for roles that I could do while studying, and I

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Speaker 2: found a position which was called Project Marketing, which was

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Speaker 2: actually a really similar company to what I have today.

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Speaker 2: And there was like, I don't know, I don't think

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Speaker 2: I've ever seen that many people be interviewed for a

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Speaker 2: cadet ship that pays I don't know, twenty grand a year.

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Speaker 2: There was thousands of people interviewed and I went to

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Speaker 2: like five interviews, I did exams, and right at the end,

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Speaker 2: when I was basically told Okay, You've got the job,

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Speaker 2: I decided not to take that role. And the reason

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Speaker 2: that was is I remember I asked one of the

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Speaker 2: managers or CEOs, what is the maximum money I can

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Speaker 2: earn here? And the lady was like, what do you mean?

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Speaker 2: I said, well, you know, I'm on twenty grand a year,

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Speaker 2: but if I keep working my asshof, what is the

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Speaker 2: role that I can move to and how much money

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Speaker 2: can I earn? This is going back to like two

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Speaker 2: thousand and two, right, So she was like, oh, maybe

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Speaker 2: one hundred and fifty two hundred grand as a senior

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Speaker 2: And at that point I said to her, thank you,

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Speaker 2: but no thank you, and I didn't take the role.

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Speaker 2: That might be a lot of money for people, but

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Speaker 2: for me, I knew that I'm capable of just pushing

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Speaker 2: and pushing and what I really wanted to hear when

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Speaker 2: I was young was that there was no limit to

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Speaker 2: what I could do. So from there, I actually picked

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Speaker 2: up a role which was a commission only position working

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Speaker 2: in finance, and that's how I started my career. So

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Speaker 2: in finance, I was teaching people how to actually manage money,

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Speaker 2: so I was a money management consultant. I was also

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Speaker 2: teaching people how to pay off assets. So at nineteen

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Speaker 2: I was a commission only I was contracting and I

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Speaker 2: just worked worked work, So that's really how I started

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Speaker 2: off my career. Fast forward from there, at the age

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Speaker 2: of twenty one, I opened my own mortgage management business.

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Speaker 2: So for the people that are listening that don't know

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Speaker 2: what that is, a mortgage management company is basically a

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Speaker 2: company that actually provides you with the loans, which is

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Speaker 2: a non bank lender. But we get all of our

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Speaker 2: money wholesale, So we would get our money from say ig,

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Speaker 2: but wholesale, and then we would white label our product

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Speaker 2: to be ours. So basically we were a lender. So

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Speaker 2: you came to me and I would do everything a

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Speaker 2: bank does to work out whether we give you money.

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Speaker 2: So that was our first business. And then in two thousand,

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Speaker 2: so the industry was really pro the small guy. I

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Speaker 2: call it the small guy. So back when around that time,

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Speaker 2: everybody hated corporates and this happens in cycles, and everybody

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Speaker 2: went to the small guy, and so the small guys

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Speaker 2: were really popular and the industry was really towards the

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Speaker 2: small guys, and we did really well. But then things changed,

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Speaker 2: like all cycles, and then the industry started to change

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Speaker 2: and the bank started to shake out the small guy.

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Speaker 2: So that's where we decided that we needed to offer

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Speaker 2: more than just what we were and we shifted our

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Speaker 2: business to what is now called Grow So Grow Consulting

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Speaker 2: Group was established in two thousand and six and we

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Speaker 2: offered everything every lender. We became a mortgage brokers and

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Speaker 2: we also started to offer buying services for our clients.

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Speaker 2: So I was building my portfolio. I bought my first

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Speaker 2: property when I was just eighteen and a half. I

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Speaker 2: bought my first property and so by the time I

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Speaker 2: was twenty one, I was buying and investing in a

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Speaker 2: lot of property. So my client started to tea to

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Speaker 2: actually ask me, can you do it for me? So

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Speaker 2: that's where the buying side of our business was really evolved,

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Speaker 2: and that's where we started to move into buy agents

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Speaker 2: helping people find the right properties. So fast forward from there.

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Speaker 2: We then purchased an established business in a rent role

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Speaker 2: which is now Newstead Realty. As a lot of people

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Speaker 2: and a lot of people in Brisbane that are listening,

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Speaker 2: but for people that aren't from Brisbane, it's within two

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Speaker 2: k's of this city. It's like the Pot's Point of

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Speaker 2: Sydney for Brisbane. So we bought and I was. I

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Speaker 2: think I was. I would have been like twenty three,

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Speaker 2: twenty four, I bought my first business, so an established

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Speaker 2: company we went and bought for back then a few

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Speaker 2: million dollars, just over one point one million when I

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Speaker 2: was that young, and that was a massive learning experience

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Speaker 2: and then moving forward from there, so if I continued

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Speaker 2: to go so today I own five companies or related

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Speaker 2: to property and finance. Today I coach a lot of

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Speaker 2: my clients. I mentor coach clients, whether you're starting out

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Speaker 2: in property, whether you've got a portfolio in property, whether

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Speaker 2: you want to develop and be a developer, which is

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Speaker 2: something that we do as well. And I have my

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Speaker 2: own developments, and we help people through all of those phases.

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Speaker 2: So as we grew, I never wanted to just say, oh, okay,

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Speaker 2: we've grown, so we're not going to help those people.

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Speaker 2: I feel like as I've grown personally, as our company

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Speaker 2: has grown, I've actually wanted to help more people starting

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Speaker 2: it's actually been the reverse. I've really felt such an

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Speaker 2: urge to help people because no one helps you when

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Speaker 2: you're young, because they don't think that you have the cash.

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Speaker 2: They don't think you've got the money. They just don't

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Speaker 2: want to sit down and spend twenty minutes or thirty

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Speaker 2: minutes with someone and say this is your roadmap. And

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Speaker 2: that's really kind of one of my personal passions. I

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Speaker 2: talk about connection earlier, I would say contribution. Contribution not

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Speaker 2: just to people that are you know, in third world

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Speaker 2: or that need help and support, but also just our generation,

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Speaker 2: younger people to understand money, to make better decisions, so

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Speaker 2: really helping people make better decisions financially.

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Speaker 1: I just want to quickly pop in there and ask you.

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Speaker 1: I know from your workshop it was I'm not even

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Speaker 1: going to try and guess, but you have a portfolio

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Speaker 1: yourself of property, and how much is that worth? Again?

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Speaker 2: Over ten million?

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Speaker 1: I think it was nine when I hurt the workshop,

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Speaker 1: so we've.

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Speaker 2: Got to stop counting. I don't know.

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Speaker 1: I you know, Ida is young, Like she's not like

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Speaker 1: in her fifties or anything like that. Ida is very young.

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Speaker 1: So this is it's just so inspirational that you came

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Speaker 1: from such humble beginnings and you just have such drive,

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Speaker 1: like you can really even feel when you speak to

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Speaker 1: you and everything like that. So I absolutely love when

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Speaker 1: you tell your stories. I mean I feel like.

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Speaker 2: I was, like, how much time do we have And

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Speaker 2: I'm like, the thing and I can't hear you saying anything,

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Speaker 2: and I'm like, am I going too long? No?

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Speaker 1: That was perfect. I think it's really important because we

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Speaker 1: are about to get into some really amazing advice. And

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Speaker 1: I think it's really important for you to sort of

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Speaker 1: tell your story because sometimes otherwise, you know, people can think, oh,

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Speaker 1: who is this girl to tell me what to do?

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Speaker 1: If that makes sense? So set that up perfectly. And

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Speaker 1: so guys, like I said, I have been too a

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Speaker 1: couple of IDAs Grow Group workshops, which she will tell

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Speaker 1: you about towards the end, but they're very much aimed

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Speaker 1: at someone who wants to either buy their first house,

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Speaker 1: own an investment property, start their portfolio. And I know

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Speaker 1: a lot of views are interested in this and also

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Speaker 1: very much interested in money mindset, what you do with

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Speaker 1: your debts and that sort of thing. So you're about

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Speaker 1: to get all the knowledge from amazing Ida, So let's

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Speaker 1: get straight into it. And also, guys, I just wanted

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Speaker 1: to pop in here. So when I first met Ida,

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Speaker 1: me and Tim had purchased our townhouse, which is our

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Speaker 1: investment property, and then after I had done one of

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Speaker 1: her workshops, we then went on to bought our family

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Speaker 1: house that we're in now. So so much good knowledge with.

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Speaker 2: So many people. When I see them and they come

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Speaker 2: to my events and they follow you, they're like, I

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Speaker 2: want Georgie's house, Georgie's house. And I'm like, yeah, okay.

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Speaker 1: Do it? I know? Amazed. Well, that's that's lovely to hear.

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Speaker 2: So you're inspiring people to around property.

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Speaker 1: See. I love that because I feel like we're sometimes,

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Speaker 1: like you said, this generation, you hear a lot of

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Speaker 1: stuff like you know, we don't even we're not buying properties,

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Speaker 1: we're not really getting into the market because it's too

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Speaker 1: expensive and all that sort of stuff, which makes me,

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Speaker 1: I guess, like a bit it's disempowering for us, which

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Speaker 1: I hate. So that's why I love talking about this

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Speaker 1: sort of stuff. So my first question, what are some

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Speaker 1: big things overall things that people should know before they

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Speaker 1: want to enter the property market.

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Speaker 2: I think one of the biggest thing is are you ready?

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Speaker 2: I mean, some people like, obviously you need to have

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Speaker 2: deposit or equity and property. So if you need to

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Speaker 2: have a certain level of savings, Now people say, how

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Speaker 2: much is that? It depends if you want to buy

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Speaker 2: a property to live in, or you're buying an investment property.

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Speaker 2: But if you try to aim for about ten percent

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Speaker 2: of the purchase price of what you're buying, that's a

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Speaker 2: really good start. I mean, if you're buying a property

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Speaker 2: as your first home, you can get away with sometimes

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Speaker 2: five percent, but I say if you can aim for

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Speaker 2: ten percent, then you can look at investing in a

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Speaker 2: property and also buying to live in. So you know,

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Speaker 2: aiming for in Queensland and different states is a bit different.

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Speaker 2: But you need to look at anywhere from like twenty

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Speaker 2: five thousand saved to fifty thousand saved before you should

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Speaker 2: really be looking at property because the market's changing all

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Speaker 2: the time. So you know, I don't think you should

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Speaker 2: spend time looking at the market till you're at least

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Speaker 2: six months into like before you're actually ready to buy,

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Speaker 2: because that market changes every six months, so you're, you know,

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Speaker 2: talking about time, you're kind of wasting your time looking

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Speaker 2: at property if you're not ready up to six months prior.

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Speaker 2: Another part of that is so obviously having the deposit

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Speaker 2: and the savings, but a really big thing is is

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Speaker 2: actually being able to know what it's like to own

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Speaker 2: a property. If you're looking at buying a property to

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Speaker 2: live in. For example, and you're currently paying say four

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Speaker 2: hundred dollars a week in rent, how much would a

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Speaker 2: property cost you to live in that same property including expenses.

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Speaker 2: So that property would probably cost you about say six

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Speaker 2: hundred dollars a week including expenses. So what I say

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Speaker 2: to clients that are looking at first home buyers and

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Speaker 2: buying to live in is start actually saving that extra

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Speaker 2: difference regularly for at least six months before you actually

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Speaker 2: buy to live in. That would be a really good

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Speaker 2: indication to see if you can really afford to live

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Speaker 2: in the property. So, if that makes sense, you're already

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Speaker 2: paying four hundred bucks a week rent. That extra two

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Speaker 2: hundred you would also put away and not be able

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Speaker 2: to touch for three to six months. So does that

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Speaker 2: make sense?

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Speaker 1: Yes? Yeah, yeah, So.

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Speaker 2: That would show that you can really live in a property.

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Speaker 2: Because living in a property is a lot, it's cost

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Speaker 2: you more than just the rent component. People just think, oh,

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Speaker 2: I could just live in this property and it's the

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Speaker 2: same as rent. It's not because you now actually have

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Speaker 2: to pay for rates and bills that you normally don't

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Speaker 2: pay if you just rent the property. So actually having

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Speaker 2: a regular savings plan is really important that six months

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Speaker 2: prior showing regular savings that you're actually making a contribution

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Speaker 2: to your account. The next part of that is actually

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Speaker 2: understanding what it is and why you're doing it. I

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Speaker 2: think I covered this in the workshop that a few

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Speaker 2: of the workshops very important. Everybody says it's my goal

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Speaker 2: to own a property. It's like the Australian dream to

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Speaker 2: have your own property. But why is it important to

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Speaker 2: buy a property for you? Every single person has different goals,

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Speaker 2: objectives and where they want to get to is actually

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Speaker 2: really different. So having your goals written out and where

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Speaker 2: you want to go, but really defining your goals and

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Speaker 2: I think you talk about vision boards and things in

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Speaker 2: some of your podcasts. Having that done really links in

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Speaker 2: with why property. So all property is When I look

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Speaker 2: at property, it's a tool that you use to leverage

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Speaker 2: to get to where you want to get too fast.

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Speaker 2: So when you look at I want to retire and

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Speaker 2: I want to have residual income, or I want to

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Speaker 2: do this, this and this, or I want to build

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Speaker 2: this business, property helps you. It's a wealth creation tool,

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Speaker 2: just like shares, just like everything else that you invest in,

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Speaker 2: It's actually a tool that you're using to get to

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Speaker 2: your why. So if you understand that relationship that property has,

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Speaker 2: you actually learn how to buy better properties. People just

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Speaker 2: think really emotional when they buy property, but in fact,

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Speaker 2: if you understand that it's a stepping stone, each property

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Speaker 2: you buy is getting you to the next level of

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Speaker 2: where you're trying to get to in life. And so

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Speaker 2: your vision your goals is really important when you're starting

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Speaker 2: out to look at property, because buying the right properties

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Speaker 2: is so important. I cannot stress enough. So when people

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Speaker 2: say to me what property should I buy? What is

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Speaker 2: the right property? Well, biggest thing is you can afford

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Speaker 2: to hold onto the property as long as possible, and

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Speaker 2: two does it help you get to where you need

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Speaker 2: to get to. So for the amount of money that

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Speaker 2: you can borrow, the amount of money that you can contribute,

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Speaker 2: what is the best property you can buy? That's probably

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Speaker 2: the most critical things that I can share.

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Speaker 1: I definitely resonate when you said about if you're buying

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Speaker 1: it for emotional reasons because our first property, which was

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Speaker 1: a townhouse near Brisbane City and we very much bought

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Speaker 1: that in the thinking mind of an investment property. We

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Speaker 1: made sure you know there was separate bathrooms for the

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Speaker 1: rooms and the two bedrooms, and then it was in

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Speaker 1: a really good location which was close to a bus stop,

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Speaker 1: and like little stuff like that, which we thought. It

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Speaker 1: wasn't so much about, you know, was it pretty for

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Speaker 1: us to live in and that sort of thing. It

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Speaker 1: was more about is it practical, because we very much

401
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Speaker 1: saw it as an investment property, whether the house I

402
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Speaker 1: live in is. It was definitely an emotional buy because

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Speaker 1: we saw it as like a family home that we

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Speaker 1: would be in, you know, for the next ten years

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Speaker 1: with our children and that sort of thing. So is

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Speaker 1: it okay to buy with emotion if that's what you want.

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Speaker 2: So when I talk about emotion, I don't want to

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Speaker 2: get people confused with me telling you that you should

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Speaker 2: just buy pure investment style stock, because I'm very against

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Speaker 2: some of the investment style stock. And what I mean

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Speaker 2: by that is people that say, oh, just look it

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Speaker 2: straight the numbers. I don't mean it like that. I

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Speaker 2: mean in terms of the property. Every time you buy

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Speaker 2: a property, you need to look at if it suits

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Speaker 2: the lifestyle of that person living in there. So there's

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Speaker 2: a couple of things that you mentioned with your first property.

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Speaker 2: It was was it close to amenities and what was

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Speaker 2: the location like, and you know, it might not have

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Speaker 2: been your dream home, but it was still nice to

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Speaker 2: live in, Like it wasn't run down. So when I

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Speaker 2: talk about I feel that I don't want people to

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Speaker 2: think that, Like one of my things is is every

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Speaker 2: type of property that we recommend to our clients people

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Speaker 2: would want to live in. It might not be your

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Speaker 2: dream home, but you would definitely. We're very We're very

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Speaker 2: blue chip. So when I talk about emotion, I don't

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Speaker 2: think I've ever showed a property to a client that

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Speaker 2: they didn't love. But I think what I mean is

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Speaker 2: taking the emotion out and understanding that it's a stepping stone.

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Speaker 2: So not having to live in it is definitely a

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Speaker 2: non emotional decision. So saying, all right, the numbers stack

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Speaker 2: up better if I don't live in this property and

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Speaker 2: someone else does and I keep renting and sharing a room,

434
00:24:42,800 --> 00:24:45,240
Speaker 2: that's a non emotional decision because you might love it

435
00:24:45,280 --> 00:24:48,160
Speaker 2: and you might really want to live in it, but emotionally,

436
00:24:48,560 --> 00:24:53,040
Speaker 2: that's not a great decision financially, So I definitely think

437
00:24:53,119 --> 00:24:55,680
Speaker 2: that you have to have stepping stones, And I definitely

438
00:24:55,680 --> 00:24:57,800
Speaker 2: think that when you get to your final home and

439
00:24:57,840 --> 00:25:00,679
Speaker 2: you want to build a family. There are emotion around

440
00:25:00,720 --> 00:25:03,359
Speaker 2: when you buy your own property to live in. But

441
00:25:03,840 --> 00:25:06,320
Speaker 2: what I want people to understand and all the listeners

442
00:25:06,320 --> 00:25:09,840
Speaker 2: to understand, is don't ever think that's the end. Stop.

443
00:25:10,080 --> 00:25:14,040
Speaker 2: It's not the final destination. Know that after you reach

444
00:25:14,160 --> 00:25:17,440
Speaker 2: that goal, there are other things that you can achieve.

445
00:25:17,640 --> 00:25:21,240
Speaker 2: So with your property, now, yeah, that's that's suitable for you.

446
00:25:21,359 --> 00:25:24,520
Speaker 2: That might be suitable for ten years, five years, but

447
00:25:25,119 --> 00:25:28,359
Speaker 2: you might decide that you want a totally different lifestyle change.

448
00:25:28,760 --> 00:25:30,720
Speaker 2: Not saying that you will, but I'm just saying you

449
00:25:30,800 --> 00:25:33,680
Speaker 2: never need to think that it's the end. Everything is

450
00:25:33,760 --> 00:25:37,200
Speaker 2: the end. So stepping stones is a really important thing

451
00:25:37,240 --> 00:25:39,919
Speaker 2: for people to understand. Like I bought my first property

452
00:25:40,000 --> 00:25:43,359
Speaker 2: was a one bedroom unit and I didn't live in it.

453
00:25:43,440 --> 00:25:46,600
Speaker 2: I didn't live in my first property like you've bought

454
00:25:46,640 --> 00:25:49,040
Speaker 2: your dream home. I didn't have that till my third

455
00:25:49,080 --> 00:25:53,480
Speaker 2: property and I renovated it. I spent you know, a

456
00:25:53,520 --> 00:25:56,200
Speaker 2: lot of money and it was worth long time ago,

457
00:25:56,320 --> 00:25:58,680
Speaker 2: over a million dollars. And this is going years back,

458
00:25:59,160 --> 00:26:03,199
Speaker 2: and I moved into the beautiful architecturally designed home. And

459
00:26:03,280 --> 00:26:06,320
Speaker 2: after I did it, this is me and everybody's different.

460
00:26:06,720 --> 00:26:09,720
Speaker 2: I was like, well that was a fun task, and

461
00:26:09,840 --> 00:26:12,000
Speaker 2: after six months I was like, I can make more

462
00:26:12,080 --> 00:26:15,800
Speaker 2: money if I rent out this whole house. Yeah, you've

463
00:26:15,840 --> 00:26:18,080
Speaker 2: got to achieve the goals. And that's why going back

464
00:26:18,080 --> 00:26:20,960
Speaker 2: to your vision and goals, but being agile and adaptable,

465
00:26:21,160 --> 00:26:25,640
Speaker 2: like if something changes in your life, don't be bummed

466
00:26:25,680 --> 00:26:28,840
Speaker 2: down about it. I think that's really important. Have goals,

467
00:26:29,119 --> 00:26:32,159
Speaker 2: have your objectives, and you're buying the best things that

468
00:26:32,200 --> 00:26:34,639
Speaker 2: you can buy at that time. And the cool thing

469
00:26:34,720 --> 00:26:39,240
Speaker 2: about property is it's an appreciating asset, so the longer

470
00:26:39,280 --> 00:26:41,520
Speaker 2: you hold onto it, the value increases. It's not like

471
00:26:41,560 --> 00:26:43,640
Speaker 2: when you buy a car and the minute you drive

472
00:26:43,680 --> 00:26:45,920
Speaker 2: out of the car yard that property or the car

473
00:26:46,000 --> 00:26:49,879
Speaker 2: is worth you know less. It's different. So if you

474
00:26:49,920 --> 00:26:52,119
Speaker 2: have a long term view with property, it's going to

475
00:26:52,200 --> 00:26:56,600
Speaker 2: help you. Property gives you options. That investment property allowed

476
00:26:56,680 --> 00:27:00,240
Speaker 2: you to buy the dream home, didn't it exactly? Yeah,

477
00:27:00,320 --> 00:27:01,000
Speaker 2: very important.

478
00:27:01,840 --> 00:27:04,439
Speaker 1: And so I guess that brings me to my next question,

479
00:27:04,560 --> 00:27:07,960
Speaker 1: which is do you think property is for everyone? And

480
00:27:08,400 --> 00:27:11,840
Speaker 1: leading onto that too, do you recommend someone buys an

481
00:27:11,840 --> 00:27:15,040
Speaker 1: investment property first, or you know, like what they see

482
00:27:15,040 --> 00:27:16,040
Speaker 1: as their family home.

483
00:27:16,720 --> 00:27:21,480
Speaker 2: Yeah? Good question? Is property for everyone. I mean, we

484
00:27:21,520 --> 00:27:25,160
Speaker 2: all need somewhere to live, right, That's my methanology around property.

485
00:27:25,520 --> 00:27:30,520
Speaker 2: People always need shelter. So why I love property over

486
00:27:30,560 --> 00:27:33,119
Speaker 2: other investments. And I'm not saying that you should just

487
00:27:33,200 --> 00:27:35,400
Speaker 2: have property or and it's the only type of thing

488
00:27:35,400 --> 00:27:38,919
Speaker 2: that you should have. I think a diversified portfolio is great.

489
00:27:39,240 --> 00:27:42,760
Speaker 2: But why I love property over other investments is because

490
00:27:43,240 --> 00:27:46,560
Speaker 2: people need somewhere to live always. You get to have

491
00:27:46,640 --> 00:27:49,200
Speaker 2: the property rented out if you don't live in it,

492
00:27:49,240 --> 00:27:51,920
Speaker 2: so someone pays down the mortgage, helps you pay the

493
00:27:51,960 --> 00:27:55,760
Speaker 2: mortgage off. And in Australia we also get tax advantages,

494
00:27:56,280 --> 00:28:00,720
Speaker 2: so about sixty seven percent of that property is paid

495
00:28:00,760 --> 00:28:03,560
Speaker 2: by someone else. That there is no other type of

496
00:28:03,600 --> 00:28:06,600
Speaker 2: investment you can do where sixty seven percent of it

497
00:28:07,080 --> 00:28:09,920
Speaker 2: of that property or the asset is paid by someone else.

498
00:28:10,320 --> 00:28:13,440
Speaker 2: So that's why I love property. Is it for everyone?

499
00:28:13,560 --> 00:28:15,800
Speaker 2: I think it depends on where you are in your life.

500
00:28:16,320 --> 00:28:19,439
Speaker 2: If you're not earning enough income or you're currently taking

501
00:28:19,480 --> 00:28:22,679
Speaker 2: six months off to travel, I probably wouldn't buy a

502
00:28:22,720 --> 00:28:26,320
Speaker 2: property right then. But property gives you, like I said,

503
00:28:26,359 --> 00:28:29,080
Speaker 2: it gives you opportunities to be able to do those things,

504
00:28:29,119 --> 00:28:32,159
Speaker 2: which is travel, which is work less do more of

505
00:28:32,160 --> 00:28:36,080
Speaker 2: the things that you love later in life. So while

506
00:28:36,080 --> 00:28:38,360
Speaker 2: you're going to work and while you're working hard at

507
00:28:38,360 --> 00:28:41,800
Speaker 2: a younger age, if you invest your money, some of

508
00:28:41,840 --> 00:28:44,760
Speaker 2: your money in assets that grow, whether it's property, shares

509
00:28:44,840 --> 00:28:47,680
Speaker 2: or anything. As long as you're investing some of your

510
00:28:47,720 --> 00:28:50,320
Speaker 2: heart and cash, it will give you the options to

511
00:28:50,320 --> 00:28:52,920
Speaker 2: do what you want in the future. I think that

512
00:28:53,040 --> 00:28:55,680
Speaker 2: property is a great investment. It just depends on where

513
00:28:55,680 --> 00:28:59,400
Speaker 2: you are in your life. Okay, the other the second

514
00:28:59,400 --> 00:29:03,840
Speaker 2: part of that, which was should people buy, yeah, an

515
00:29:03,880 --> 00:29:07,880
Speaker 2: investment or to live in Again, I think that's a

516
00:29:08,040 --> 00:29:10,520
Speaker 2: very I don't say that you need to do one

517
00:29:10,600 --> 00:29:13,600
Speaker 2: or the other. In our business, the way that we operate,

518
00:29:13,640 --> 00:29:17,040
Speaker 2: we're all about the client and what you want and

519
00:29:17,080 --> 00:29:20,080
Speaker 2: what's important to you will show you the numbers. So

520
00:29:20,160 --> 00:29:23,120
Speaker 2: the numbers will always speak for themselves. But at the

521
00:29:23,240 --> 00:29:25,840
Speaker 2: end of the day, it comes to what's really important

522
00:29:25,880 --> 00:29:28,880
Speaker 2: for you. One hundred percent, it's smarter to not live

523
00:29:28,880 --> 00:29:31,040
Speaker 2: in your own property because you get to offset some

524
00:29:31,080 --> 00:29:34,480
Speaker 2: of those costs and you get to claim the expenses

525
00:29:34,520 --> 00:29:38,440
Speaker 2: against your tax. But everybody is at different stages in

526
00:29:38,480 --> 00:29:41,040
Speaker 2: their life and want different things, So for me, I

527
00:29:41,040 --> 00:29:43,040
Speaker 2: don't live in any of my properties. So you heard

528
00:29:43,040 --> 00:29:45,440
Speaker 2: that I have a portfolio worth over ten million. I

529
00:29:45,600 --> 00:29:47,280
Speaker 2: rent okay.

530
00:29:48,640 --> 00:29:51,320
Speaker 1: I was very surprised when you said that in your workshop,

531
00:29:51,320 --> 00:29:55,040
Speaker 1: I like gasped, well, stee, look.

532
00:29:54,880 --> 00:29:59,960
Speaker 2: I think I've kind of I've conquered the whole concept

533
00:30:00,080 --> 00:30:03,000
Speaker 2: that being successful means living in your own home. For me,

534
00:30:03,160 --> 00:30:06,440
Speaker 2: successful is not that. For me, successful is having the

535
00:30:06,480 --> 00:30:08,520
Speaker 2: freedom and choices to do what I love to do

536
00:30:09,120 --> 00:30:12,320
Speaker 2: and not being held down by having to pay something,

537
00:30:12,800 --> 00:30:15,600
Speaker 2: and having the freedom to move if I needed to move.

538
00:30:15,680 --> 00:30:18,400
Speaker 2: But we're all at different lifespans, and I feel like

539
00:30:18,960 --> 00:30:21,840
Speaker 2: in the end, we all make decisions and we learn

540
00:30:21,920 --> 00:30:25,280
Speaker 2: from our own experiences. So we're here to teach people

541
00:30:25,720 --> 00:30:28,680
Speaker 2: to learn from the experiences that we have had so

542
00:30:28,720 --> 00:30:31,600
Speaker 2: that they don't make the same mistakes. We're saving you time.

543
00:30:32,000 --> 00:30:34,040
Speaker 2: But that doesn't mean that you have to buy as

544
00:30:34,040 --> 00:30:36,680
Speaker 2: an investment, doesn't mean that you should buy to live in.

545
00:30:36,880 --> 00:30:41,400
Speaker 2: It just depends on your current situation and what is

546
00:30:41,560 --> 00:30:45,400
Speaker 2: better for you to reach your goals sooner. That's it.

547
00:30:46,480 --> 00:30:50,920
Speaker 1: Just before you spoke about tax advantages if someone is

548
00:30:51,000 --> 00:30:55,120
Speaker 1: renting out your property, what are those?

549
00:30:56,080 --> 00:30:59,640
Speaker 2: So when you own an investment property in Australia. The

550
00:31:00,000 --> 00:31:07,520
Speaker 2: expenses associated with the property are tax deductible, so rates, water, insurances,

551
00:31:07,880 --> 00:31:11,440
Speaker 2: the interest on the loan that you pay, body, corporate

552
00:31:11,880 --> 00:31:16,280
Speaker 2: property management fees, so absolutely everything associated with that investment

553
00:31:16,320 --> 00:31:20,120
Speaker 2: property you get to claim against any taxable income you're

554
00:31:20,160 --> 00:31:24,400
Speaker 2: paying right now. So what happens is they take all

555
00:31:24,400 --> 00:31:26,720
Speaker 2: of your income, so all of the income that you

556
00:31:26,760 --> 00:31:31,120
Speaker 2: earn from work plus the rental income added together, minus

557
00:31:31,240 --> 00:31:35,160
Speaker 2: all the expenses. So what happens is you'll actually see

558
00:31:35,680 --> 00:31:38,840
Speaker 2: all of your tax that you pay would be reduced

559
00:31:38,880 --> 00:31:42,520
Speaker 2: by your net result of that exercise. Bit hard to

560
00:31:42,560 --> 00:31:47,240
Speaker 2: talk about and not draw, but I'm like drawing.

561
00:31:46,920 --> 00:31:51,120
Speaker 1: It in the area right now. You need a whiteboard.

562
00:31:51,560 --> 00:31:55,160
Speaker 2: Yeah, But basically the long story is is that if

563
00:31:55,200 --> 00:31:57,920
Speaker 2: the property costs you money, which is called negative gearing,

564
00:31:58,360 --> 00:32:01,280
Speaker 2: so after all expenses you have to put money in,

565
00:32:01,800 --> 00:32:05,000
Speaker 2: you get to claim all of the expenses associated so

566
00:32:05,040 --> 00:32:09,120
Speaker 2: you get a tax credit. We usually work that out

567
00:32:09,160 --> 00:32:11,560
Speaker 2: for people that are looking at an investment property and

568
00:32:11,880 --> 00:32:14,960
Speaker 2: show you what that looks like. So when you live

569
00:32:14,960 --> 00:32:17,080
Speaker 2: in your own home, you don't get any of those

570
00:32:17,120 --> 00:32:18,320
Speaker 2: tax benefits.

571
00:32:18,880 --> 00:32:22,800
Speaker 1: Amazing, thanks for explaining that. And so the next question

572
00:32:22,840 --> 00:32:25,280
Speaker 1: I want to ask you, and I know you did

573
00:32:25,400 --> 00:32:27,760
Speaker 1: talk a lot about this at your workshet and it

574
00:32:27,800 --> 00:32:32,840
Speaker 1: obviously changes all the time, but is there a right time?

575
00:32:32,880 --> 00:32:35,720
Speaker 1: And I'm doing this in air quotes my hands for

576
00:32:37,320 --> 00:32:40,560
Speaker 1: and what is the property market like right now?

577
00:32:40,960 --> 00:32:44,640
Speaker 2: Okay? Right time to buy property? And this never changes,

578
00:32:44,960 --> 00:32:48,320
Speaker 2: never have ever changed. This is you're ready to buy

579
00:32:48,440 --> 00:32:52,920
Speaker 2: and you can afford to buy property. So affordability is

580
00:32:53,520 --> 00:32:56,840
Speaker 2: not just how much the bank will land you. Affordability

581
00:32:56,960 --> 00:32:59,600
Speaker 2: is when you work out or you're living and lifestyle

582
00:32:59,680 --> 00:33:02,360
Speaker 2: because we all have different lifestyles. No matter how much

583
00:33:02,400 --> 00:33:05,760
Speaker 2: we earn, can you afford to buy a property? Can

584
00:33:05,760 --> 00:33:09,600
Speaker 2: you make those repayments? So that's really critical. The only

585
00:33:09,640 --> 00:33:13,719
Speaker 2: reason people sell property is two reasons. One they couldn't

586
00:33:13,760 --> 00:33:16,360
Speaker 2: afford to hold the property in the first place, and

587
00:33:16,520 --> 00:33:20,520
Speaker 2: two is because they're offloading the property to buy something

588
00:33:20,600 --> 00:33:24,400
Speaker 2: better or invest in something better. So there are two reasons.

589
00:33:24,400 --> 00:33:28,360
Speaker 2: So affordability is critical when you're looking at is at

590
00:33:28,360 --> 00:33:31,600
Speaker 2: the right time to buy property. Second to that is

591
00:33:32,160 --> 00:33:36,240
Speaker 2: when I talked about cycles earlier, Now you're always looking

592
00:33:36,320 --> 00:33:39,240
Speaker 2: at the clock. We talk about the clock now at

593
00:33:39,240 --> 00:33:42,880
Speaker 2: the top, which is twelve o'clock is boom and six

594
00:33:42,920 --> 00:33:46,280
Speaker 2: o'clock is the decline or the bottom of the market.

595
00:33:46,840 --> 00:33:51,320
Speaker 2: Now every city, I would say, between New South Wales,

596
00:33:51,400 --> 00:33:56,600
Speaker 2: Victoria and Queensland, that clock, the property clock sits at

597
00:33:56,640 --> 00:34:01,880
Speaker 2: different times, so it depends where you live and where

598
00:34:01,920 --> 00:34:05,880
Speaker 2: you're investing as to whether the timing is right. Okay,

599
00:34:06,400 --> 00:34:09,160
Speaker 2: to give you a really good example of that right now,

600
00:34:09,640 --> 00:34:12,359
Speaker 2: Sydney is there's a lot of talk and a lot

601
00:34:12,360 --> 00:34:15,759
Speaker 2: of the data shows that New South Wales Sydney is

602
00:34:15,800 --> 00:34:20,719
Speaker 2: in decline right. So in a dropping market, it is

603
00:34:20,760 --> 00:34:24,440
Speaker 2: not the best time to buy a property simply because

604
00:34:24,480 --> 00:34:28,080
Speaker 2: you're buying and the values are going to drop, so

605
00:34:28,160 --> 00:34:33,240
Speaker 2: you're basically buying at the wrong time. In Queensland, we're

606
00:34:33,360 --> 00:34:36,960
Speaker 2: seeing that we were already at the bottom and we're

607
00:34:36,960 --> 00:34:40,960
Speaker 2: seeing an increase, so we're kind of moving through seven o'clock.

608
00:34:41,400 --> 00:34:43,160
Speaker 2: So a lot of the data, a lot of the

609
00:34:43,200 --> 00:34:49,040
Speaker 2: research indicates that Brisbane, Queensland is kind of right for boom.

610
00:34:49,120 --> 00:34:51,839
Speaker 2: It's kind of everything indicates that it's the best time

611
00:34:51,880 --> 00:34:57,440
Speaker 2: to buy there. Melbourne for example, and Victoria is in

612
00:34:57,480 --> 00:34:59,960
Speaker 2: a little bit of a recovery mode at the moment,

613
00:35:00,440 --> 00:35:02,960
Speaker 2: so that's one way to look at whether it's the

614
00:35:03,040 --> 00:35:06,239
Speaker 2: right time. The other part of that is when you're

615
00:35:06,239 --> 00:35:09,920
Speaker 2: buying property, you're looking at the values, so either values

616
00:35:10,040 --> 00:35:14,320
Speaker 2: rising or declining, what is the vacancy rates be, meaning

617
00:35:14,760 --> 00:35:19,480
Speaker 2: what's the overall vacancies What is the yield? So that's

618
00:35:19,520 --> 00:35:21,920
Speaker 2: the return on the investment, So how much money do

619
00:35:22,000 --> 00:35:24,879
Speaker 2: you get back for what you buy? And then what

620
00:35:24,920 --> 00:35:29,000
Speaker 2: are the other factors that help growth, which is population

621
00:35:29,800 --> 00:35:33,960
Speaker 2: and infrastructure. So when you look at those factors, which

622
00:35:34,040 --> 00:35:37,160
Speaker 2: what we do as a company for our clients, we

623
00:35:37,160 --> 00:35:40,480
Speaker 2: would decide where is the right time. So with our business,

624
00:35:40,600 --> 00:35:43,880
Speaker 2: our clients and our investors don't always just buy in

625
00:35:44,480 --> 00:35:47,520
Speaker 2: the city they live in. So in two thousand and eight,

626
00:35:47,680 --> 00:35:51,879
Speaker 2: we bought a lot of property in Sydney and our

627
00:35:51,920 --> 00:35:55,160
Speaker 2: clients did extremely well because we knew that that was

628
00:35:55,160 --> 00:35:58,279
Speaker 2: the bottom and Sydney would eventually go up, which our

629
00:35:58,320 --> 00:36:02,239
Speaker 2: clients had a client buy in Waterloo, which is two

630
00:36:02,320 --> 00:36:04,919
Speaker 2: k's from the city for three hundred and fifty grand

631
00:36:05,800 --> 00:36:11,839
Speaker 2: and yeah that property is worth over eight hundred. So

632
00:36:12,600 --> 00:36:15,680
Speaker 2: there's different indicators to suggest whether it's the right time

633
00:36:15,719 --> 00:36:18,759
Speaker 2: to buy, But the most important thing is is I've

634
00:36:18,760 --> 00:36:22,200
Speaker 2: made money in all cycles I've made money at a

635
00:36:22,360 --> 00:36:25,280
Speaker 2: boom and I've made money in a decline. The best

636
00:36:25,320 --> 00:36:29,360
Speaker 2: time to buy property is when it's at the cheapest,

637
00:36:29,480 --> 00:36:33,040
Speaker 2: which is in recovery and at the bottom right, because

638
00:36:33,040 --> 00:36:35,120
Speaker 2: then you're going to ride the wave through and make

639
00:36:35,200 --> 00:36:38,400
Speaker 2: money on the way up. But it's a long term

640
00:36:38,440 --> 00:36:42,000
Speaker 2: and we go through cycles every seven to ten years.

641
00:36:42,680 --> 00:36:46,399
Speaker 2: So as a young person, so if you're in your

642
00:36:46,400 --> 00:36:49,120
Speaker 2: thirties or you're twenty five and you want to reach

643
00:36:49,200 --> 00:36:54,760
Speaker 2: retirement at fifty, you've got one four cycles to go through.

644
00:36:55,560 --> 00:36:57,279
Speaker 1: So it's almost like you don't have to be too

645
00:36:57,320 --> 00:36:59,920
Speaker 1: worried because it's going to go up, through ups and down.

646
00:37:00,320 --> 00:37:01,600
Speaker 1: You've just got to hold onto it.

647
00:37:01,920 --> 00:37:04,239
Speaker 2: Just got to hold onto it. You can always make

648
00:37:04,280 --> 00:37:07,040
Speaker 2: better decisions if you get the right advice and if

649
00:37:07,040 --> 00:37:09,799
Speaker 2: you use the right people, and that's where we kind

650
00:37:09,800 --> 00:37:12,359
Speaker 2: of come in, so you can make better decisions. But

651
00:37:12,640 --> 00:37:15,520
Speaker 2: we're all like, when you're young, you have to I mean,

652
00:37:15,880 --> 00:37:17,840
Speaker 2: like I talk about this in the workshop, which I

653
00:37:17,880 --> 00:37:21,880
Speaker 2: say instant gratification. We're so used to instant gratification that

654
00:37:21,920 --> 00:37:24,520
Speaker 2: people are trying to apply that to property, and you're like,

655
00:37:24,960 --> 00:37:26,920
Speaker 2: you can't buy property and make money tomorrow.

656
00:37:27,360 --> 00:37:30,120
Speaker 1: No work like that. You've got to be in it

657
00:37:30,120 --> 00:37:30,799
Speaker 1: for the long haul.

658
00:37:31,239 --> 00:37:33,080
Speaker 2: Correct, just it's set and forget.

659
00:37:33,880 --> 00:37:37,319
Speaker 1: Yes, amazing, and well, thank you so much for that

660
00:37:37,640 --> 00:37:41,759
Speaker 1: little insight there and before at the start. I love

661
00:37:41,840 --> 00:37:46,040
Speaker 1: that you did touch on goals and vision, and you

662
00:37:46,080 --> 00:37:49,880
Speaker 1: do talk a lot about money mindset, which is something

663
00:37:49,920 --> 00:37:53,680
Speaker 1: that I haven't really seen in property workshops. So I

664
00:37:53,840 --> 00:37:56,239
Speaker 1: want to dive into that a little bit more because

665
00:37:56,280 --> 00:37:58,440
Speaker 1: I really love the way that you touch on that.

666
00:37:58,760 --> 00:38:02,120
Speaker 1: So what if you know someone is they're wanting to

667
00:38:02,160 --> 00:38:05,400
Speaker 1: get in through the property market, or you know, maybe

668
00:38:05,560 --> 00:38:09,440
Speaker 1: they want to get an investment property and they're currently saving,

669
00:38:10,000 --> 00:38:14,560
Speaker 1: do you have any sort of tips to transform their

670
00:38:14,600 --> 00:38:19,680
Speaker 1: money mindset or to shift into that more abundant sort

671
00:38:19,680 --> 00:38:22,239
Speaker 1: of mindset For us, I.

672
00:38:22,160 --> 00:38:25,640
Speaker 2: Do spend a lot of time because people when they

673
00:38:25,680 --> 00:38:29,840
Speaker 2: think about a property workshop, they would just think purely property.

674
00:38:29,880 --> 00:38:32,840
Speaker 2: But I actually feel like a lot of the first

675
00:38:32,880 --> 00:38:36,520
Speaker 2: half of our event is based around mindset around money

676
00:38:36,680 --> 00:38:40,719
Speaker 2: as well as goals, objectives and really getting people's heads right.

677
00:38:41,280 --> 00:38:44,799
Speaker 2: That's critical to any type of investment. So if your

678
00:38:45,160 --> 00:38:51,000
Speaker 2: mindset around and your association with money in life is

679
00:38:51,040 --> 00:38:55,200
Speaker 2: not right, then you're always going to be struggling with

680
00:38:55,360 --> 00:39:00,399
Speaker 2: money now. Probably the best way to explain this without

681
00:39:00,480 --> 00:39:04,600
Speaker 2: getting like really individual around it is first you have

682
00:39:04,640 --> 00:39:07,480
Speaker 2: to understand what your relationship with money is, and you

683
00:39:07,520 --> 00:39:10,520
Speaker 2: can really look at that in a simple way by

684
00:39:10,560 --> 00:39:13,520
Speaker 2: going in reflection and maybe doing a little bit of

685
00:39:13,600 --> 00:39:18,359
Speaker 2: journaling around how are you currently with money? Do you

686
00:39:18,440 --> 00:39:22,160
Speaker 2: currently spend everything you earn? So are you living paycheck

687
00:39:22,200 --> 00:39:25,759
Speaker 2: to paycheck? Do you always speak about money in a

688
00:39:25,800 --> 00:39:29,319
Speaker 2: negative way? For example, it would be I never have

689
00:39:29,480 --> 00:39:31,680
Speaker 2: enough money, I feel like.

690
00:39:33,200 --> 00:39:34,120
Speaker 1: Bills coming in?

691
00:39:34,520 --> 00:39:37,600
Speaker 2: Yeah, I've always got bills. So do you have a

692
00:39:37,640 --> 00:39:41,320
Speaker 2: general negative undertone around money? So the first step to

693
00:39:41,400 --> 00:39:45,600
Speaker 2: doing that is probably asking yourself in a really simple exercise,

694
00:39:45,960 --> 00:39:49,799
Speaker 2: if you wrote down money is right, and the first

695
00:39:49,880 --> 00:39:54,000
Speaker 2: three things that come to mind, and if those things

696
00:39:54,480 --> 00:40:03,760
Speaker 2: are slightly negative, money is money, is greed? Money? Or people? Yeah?

697
00:40:03,760 --> 00:40:08,440
Speaker 2: And then people that have money or being rich makes you?

698
00:40:09,200 --> 00:40:12,040
Speaker 2: And then you respond quickly with the first three things,

699
00:40:12,280 --> 00:40:15,160
Speaker 2: you can one hundred percent see if you have a

700
00:40:15,239 --> 00:40:20,680
Speaker 2: negative around money, and changing your mindset around money like

701
00:40:20,880 --> 00:40:24,319
Speaker 2: requires understanding where that came from. So a lot of

702
00:40:24,320 --> 00:40:29,000
Speaker 2: our beliefs are embedded in our lives at being a

703
00:40:29,080 --> 00:40:32,799
Speaker 2: child in our childhood, so you can often look at

704
00:40:32,800 --> 00:40:36,840
Speaker 2: your parents and how they've ended up to really see

705
00:40:37,160 --> 00:40:40,080
Speaker 2: how money and what beliefs they have around money might

706
00:40:40,120 --> 00:40:42,880
Speaker 2: have been passed on to you. Just because your parents

707
00:40:42,960 --> 00:40:45,520
Speaker 2: taught you something doesn't mean you can't like it, doesn't

708
00:40:45,520 --> 00:40:47,799
Speaker 2: mean it's in you and you can't break it. I'm

709
00:40:47,840 --> 00:40:51,880
Speaker 2: all about breaking habits, breaking patterns, and limiting beliefs. So

710
00:40:52,680 --> 00:40:56,680
Speaker 2: understanding if you do have limiting beliefs around money, that

711
00:40:56,840 --> 00:40:59,240
Speaker 2: means you need to go and do the work. Now,

712
00:41:00,120 --> 00:41:03,080
Speaker 2: how you do the work around it requires probably some

713
00:41:03,200 --> 00:41:07,040
Speaker 2: expert help, but little things that you can do yourself

714
00:41:07,480 --> 00:41:11,279
Speaker 2: around changing your mindset around money is working out what

715
00:41:11,360 --> 00:41:15,560
Speaker 2: you say and stopping yourself. So you can use a

716
00:41:15,680 --> 00:41:19,759
Speaker 2: one worder, which could be I like to use the

717
00:41:19,800 --> 00:41:25,960
Speaker 2: word shield. So for example, Oh, man, I just feel

718
00:41:25,960 --> 00:41:28,600
Speaker 2: like I can never get on top of things. Yeah,

719
00:41:28,719 --> 00:41:31,440
Speaker 2: you say that, you go, and then straight after I'm

720
00:41:31,480 --> 00:41:36,480
Speaker 2: like shield, Like I almost imagine like this big I

721
00:41:36,520 --> 00:41:39,319
Speaker 2: know I can see you laughing. No, I imagine this

722
00:41:39,480 --> 00:41:43,799
Speaker 2: wall coming up like like and it's like oh, and

723
00:41:43,840 --> 00:41:48,200
Speaker 2: then I'll go, oh, Money's never a problem. So that's

724
00:41:48,280 --> 00:41:50,239
Speaker 2: one one way, and I don't I don't know if

725
00:41:50,239 --> 00:41:52,239
Speaker 2: shields the right word for other people, but you might

726
00:41:52,320 --> 00:41:53,200
Speaker 2: say something else.

727
00:41:53,880 --> 00:41:57,680
Speaker 1: It's definitely about finding what works for you. I definitely

728
00:41:57,760 --> 00:42:02,120
Speaker 1: have a money mantra where when I spend money, I

729
00:42:02,160 --> 00:42:04,800
Speaker 1: always say there's more where that came from.

730
00:42:05,080 --> 00:42:07,720
Speaker 2: Yeah, I was going to say affirmation so every morning,

731
00:42:08,280 --> 00:42:11,400
Speaker 2: and people might think that this is weird, But although

732
00:42:11,400 --> 00:42:14,920
Speaker 2: I'm about money and stuff, I'm quite spiritual. Every morning,

733
00:42:15,040 --> 00:42:19,520
Speaker 2: after I do my morning routine, I actually start my

734
00:42:19,760 --> 00:42:24,600
Speaker 2: day with writing affirmations. And my affirmations are things like

735
00:42:25,400 --> 00:42:28,200
Speaker 2: I like around. Money is one of the things. So

736
00:42:28,960 --> 00:42:33,160
Speaker 2: I always have everything I need, all right, everything I

737
00:42:33,200 --> 00:42:38,040
Speaker 2: want I have. Yeah, money is never a problem. Money

738
00:42:38,160 --> 00:42:42,719
Speaker 2: is flowing into my life easily. I write those affirmations

739
00:42:42,760 --> 00:42:45,400
Speaker 2: and say them out loud every morning. Other things that

740
00:42:45,440 --> 00:42:49,400
Speaker 2: I would say, which is totally irrelevant to money, is

741
00:42:49,480 --> 00:42:53,319
Speaker 2: like I am loved. I am attracting the people that

742
00:42:53,400 --> 00:42:56,160
Speaker 2: share my values. I'm connecting. You know. These sort of

743
00:42:56,200 --> 00:42:59,560
Speaker 2: things are really important, and people might think that they

744
00:42:59,640 --> 00:43:03,200
Speaker 2: might not help. But I guarantee if you change the

745
00:43:03,320 --> 00:43:06,680
Speaker 2: language in which you speak, the things that you want

746
00:43:06,719 --> 00:43:08,000
Speaker 2: will flow into your life.

747
00:43:08,880 --> 00:43:11,719
Speaker 1: I could not agree more. I definitely had to do

748
00:43:12,160 --> 00:43:16,120
Speaker 1: some work with my money story and sort of Yeah,

749
00:43:16,160 --> 00:43:19,399
Speaker 1: it's almost just like kind of retraining your brain how

750
00:43:19,440 --> 00:43:21,719
Speaker 1: you think about it. And yet, like I said, I

751
00:43:21,800 --> 00:43:25,879
Speaker 1: had a money affirmation that was there's more where that

752
00:43:25,920 --> 00:43:29,400
Speaker 1: came from because I had some issues with almost like

753
00:43:29,560 --> 00:43:32,640
Speaker 1: letting money go, if that makes sense, So I had

754
00:43:32,680 --> 00:43:35,560
Speaker 1: to do some work around that. So it's really I

755
00:43:35,600 --> 00:43:39,680
Speaker 1: definitely recommend it's going to be very personal to you,

756
00:43:39,960 --> 00:43:42,759
Speaker 1: so don't just use anything. It's really kind of got

757
00:43:42,800 --> 00:43:45,600
Speaker 1: to have a motion behind it.

758
00:43:46,200 --> 00:43:49,840
Speaker 2: Yeah, And I think just being really aware that you

759
00:43:49,920 --> 00:43:54,799
Speaker 2: are not what's happened to you, like what's happened to you,

760
00:43:55,080 --> 00:43:57,720
Speaker 2: or if you got yourself into debt or you made

761
00:43:57,719 --> 00:44:01,560
Speaker 2: some decisions that you're not proud of, does it forecast

762
00:44:01,600 --> 00:44:03,919
Speaker 2: the rest of your life. It only dictates the rest

763
00:44:03,960 --> 00:44:08,400
Speaker 2: of your life if you let it. So accepting where

764
00:44:08,400 --> 00:44:12,759
Speaker 2: you're at is the biggest best thing that you can

765
00:44:12,840 --> 00:44:16,840
Speaker 2: possibly do to shift forward. And you would have shifted

766
00:44:16,880 --> 00:44:21,319
Speaker 2: forward Georgie when you made that realization that you were

767
00:44:21,360 --> 00:44:21,719
Speaker 2: doing that.

768
00:44:22,440 --> 00:44:25,560
Speaker 1: Yeah, being aware of it is like steps.

769
00:44:26,200 --> 00:44:29,319
Speaker 2: Yeah, be aware, accept where you're at. This is one

770
00:44:29,360 --> 00:44:31,839
Speaker 2: of the things around when I speak to people that

771
00:44:31,920 --> 00:44:35,839
Speaker 2: have got themselves into you know, some bad unsecure debt

772
00:44:35,880 --> 00:44:39,239
Speaker 2: credit cards. Anything like that is like when you accept

773
00:44:39,400 --> 00:44:42,960
Speaker 2: that you made that mistake and say, Okay, you know

774
00:44:43,000 --> 00:44:46,680
Speaker 2: I stuffed up. I did that. I made those decisions,

775
00:44:47,000 --> 00:44:49,960
Speaker 2: but I'm owning that decision. What do I need to

776
00:44:50,000 --> 00:44:53,840
Speaker 2: do now? Yeah? How do I move past that? Now?

777
00:44:54,280 --> 00:44:55,040
Speaker 1: In life, we.

778
00:44:55,040 --> 00:44:58,040
Speaker 2: Come across challenges in everything that we do, and if

779
00:44:58,040 --> 00:45:00,959
Speaker 2: we're going to keep beating ourselves up because we made

780
00:45:01,200 --> 00:45:04,560
Speaker 2: a bad decision, you never move forward. I see that

781
00:45:04,960 --> 00:45:08,560
Speaker 2: with the younger generation that come through the workshops. I'm

782
00:45:08,600 --> 00:45:10,400
Speaker 2: talking when I say younger, like, I've had people as

783
00:45:10,440 --> 00:45:15,040
Speaker 2: young as nineteen come to my events and nobody teaches

784
00:45:15,120 --> 00:45:20,399
Speaker 2: you about money. Nobody teaches these skills at school. And

785
00:45:20,440 --> 00:45:23,160
Speaker 2: that's why we felt it was so important for us

786
00:45:23,160 --> 00:45:25,520
Speaker 2: to start doing these events. And that's why I try

787
00:45:25,520 --> 00:45:30,160
Speaker 2: to integrate as much money and mindset into them to

788
00:45:30,320 --> 00:45:33,400
Speaker 2: help people get that part right in your life because

789
00:45:33,400 --> 00:45:36,200
Speaker 2: that will be the catapult into the rest of your life.

790
00:45:36,960 --> 00:45:40,160
Speaker 1: And so before we wrap up this interview, I want

791
00:45:40,320 --> 00:45:44,120
Speaker 1: you to just give a quick information about your workshops

792
00:45:44,160 --> 00:45:47,440
Speaker 1: in case everyone anyone wants to go. I know you

793
00:45:47,520 --> 00:45:50,520
Speaker 1: have a Sydney and Melbourne one coming up? Is that correct?

794
00:45:50,760 --> 00:45:54,239
Speaker 2: Yeah, so excited. I get so pumped about doing these

795
00:45:54,239 --> 00:46:00,360
Speaker 2: events eighteenth of September and Sydney and then in albert

796
00:46:00,440 --> 00:46:02,359
Speaker 2: on the first and then we kind of do them

797
00:46:02,400 --> 00:46:06,520
Speaker 2: every year. So we've got a website which is Growevents

798
00:46:06,680 --> 00:46:09,680
Speaker 2: dot com dot au and you can register for any

799
00:46:09,680 --> 00:46:12,520
Speaker 2: of our events on there. You can also jump on

800
00:46:12,520 --> 00:46:16,640
Speaker 2: my Instagram, which I'm sure you'll share. But the workshops

801
00:46:16,719 --> 00:46:19,480
Speaker 2: are a event that people can come to. It's a

802
00:46:19,520 --> 00:46:23,360
Speaker 2: free event that we run. It's all about educating you

803
00:46:23,600 --> 00:46:26,960
Speaker 2: around property. So if you're thinking about how do I

804
00:46:27,040 --> 00:46:30,680
Speaker 2: actually get into property, how do I buy a property,

805
00:46:31,000 --> 00:46:33,880
Speaker 2: how do I build a portfolio, how do you actually

806
00:46:33,880 --> 00:46:37,360
Speaker 2: become a developer, we talk about all of those things

807
00:46:37,880 --> 00:46:41,759
Speaker 2: as well as a lot to do with what makes

808
00:46:41,840 --> 00:46:44,319
Speaker 2: the right property. So we go into I mean you've

809
00:46:44,320 --> 00:46:46,680
Speaker 2: been to the workshops. We give you a lot of

810
00:46:46,760 --> 00:46:48,400
Speaker 2: free knowledge at the event.

811
00:46:49,280 --> 00:46:53,120
Speaker 1: Yes, amazing, and I will make sure I put all

812
00:46:53,160 --> 00:46:56,400
Speaker 1: those linked in the show notes so you guys can

813
00:46:56,480 --> 00:47:00,200
Speaker 1: go check that out, and or of ideas, social and

814
00:47:00,239 --> 00:47:01,319
Speaker 1: all that good stuff too.

815
00:47:01,960 --> 00:47:04,560
Speaker 2: And the important thing I want people to realize about

816
00:47:04,560 --> 00:47:07,440
Speaker 2: the workshop is it's not like other property stuff, that

817
00:47:07,600 --> 00:47:12,160
Speaker 2: is my biggest thing. It's fun, interactive. You actually have workbooks,

818
00:47:12,200 --> 00:47:15,960
Speaker 2: so it's a proper workshop where you get really involved

819
00:47:16,040 --> 00:47:19,359
Speaker 2: and you will one hundred percent leave feeling more empowered

820
00:47:19,520 --> 00:47:21,160
Speaker 2: about your future around property.

821
00:47:22,320 --> 00:47:25,759
Speaker 1: And I could not agree more. I come from a

822
00:47:25,800 --> 00:47:31,160
Speaker 1: family where my dad was very much into buying investment home,

823
00:47:31,360 --> 00:47:34,719
Speaker 1: so I had some knowledge and I even went there

824
00:47:34,840 --> 00:47:38,200
Speaker 1: and thought, wow, I have just learned so much. So

825
00:47:38,600 --> 00:47:41,759
Speaker 1: if you are someone who needs that base knowledge and

826
00:47:41,800 --> 00:47:44,279
Speaker 1: then either like you know, more knowledge on top of that,

827
00:47:44,600 --> 00:47:46,440
Speaker 1: I could not recommend it enough.

828
00:47:47,280 --> 00:47:48,880
Speaker 2: Thank you.

829
00:47:49,800 --> 00:47:52,440
Speaker 1: Last question, and this is something new I'm doing with

830
00:47:52,520 --> 00:47:55,120
Speaker 1: all my guest speakers just because I love to know.

831
00:47:55,400 --> 00:47:59,040
Speaker 1: But do you have a recommendation for us? So this

832
00:47:59,120 --> 00:48:03,560
Speaker 1: can be think either you know you're reading, watching, listening

833
00:48:03,600 --> 00:48:04,839
Speaker 1: to I.

834
00:48:04,920 --> 00:48:08,880
Speaker 2: Read a lot, so I would probably say two things.

835
00:48:08,920 --> 00:48:12,560
Speaker 2: So the best book that I ever found around mindset,

836
00:48:12,560 --> 00:48:15,880
Speaker 2: because we talked about that end money and wealth is

837
00:48:16,080 --> 00:48:18,879
Speaker 2: Think and Grow Rich by Napoleon Hill.

838
00:48:19,600 --> 00:48:21,840
Speaker 1: That book, well, yeah.

839
00:48:21,600 --> 00:48:24,960
Speaker 2: It's so good and I reread it. So I feel

840
00:48:25,000 --> 00:48:27,200
Speaker 2: like when you go through different stages in your life,

841
00:48:27,239 --> 00:48:29,160
Speaker 2: you can pick up the same book, read it again

842
00:48:29,239 --> 00:48:32,040
Speaker 2: and you'll get a totally different meaning. So I really

843
00:48:32,120 --> 00:48:35,400
Speaker 2: like that book, but also because I'm all about balance

844
00:48:35,800 --> 00:48:39,360
Speaker 2: and understanding how to give yourself love and all of

845
00:48:39,360 --> 00:48:41,359
Speaker 2: these different things that we talk about. The other book

846
00:48:41,400 --> 00:48:45,920
Speaker 2: that I'm actually reading now is called Thrive by Arianna Huffington.

847
00:48:47,600 --> 00:48:49,719
Speaker 2: A lot of people don't know about this book, but

848
00:48:50,520 --> 00:48:54,360
Speaker 2: it is absolutely amazing. So she was the co founder

849
00:48:54,400 --> 00:48:58,560
Speaker 2: and editor of Huffington Post, which is a massive company,

850
00:48:58,600 --> 00:49:03,560
Speaker 2: and she talks about all different things around like sleep,

851
00:49:03,680 --> 00:49:09,200
Speaker 2: the importance of sleep, psychology, being present, not being busy.

852
00:49:09,480 --> 00:49:13,440
Speaker 2: So I've really a lot to do around psychology, around life.

853
00:49:13,520 --> 00:49:15,799
Speaker 2: So I've really enjoyed it. I haven't finished it yet,

854
00:49:15,840 --> 00:49:18,239
Speaker 2: but so far halfway through and I love it.

855
00:49:18,719 --> 00:49:21,400
Speaker 1: Ah. It's so funny because I was actually just talking

856
00:49:21,440 --> 00:49:24,000
Speaker 1: to another friend and she said she was reading that

857
00:49:24,080 --> 00:49:26,759
Speaker 1: book and it was really good. So it's like a

858
00:49:26,760 --> 00:49:28,640
Speaker 1: sign from the universe that I have to go read it.

859
00:49:29,239 --> 00:49:32,040
Speaker 2: Yeah, there you go. Awesome.

860
00:49:32,239 --> 00:49:35,200
Speaker 1: Well, thank you so much, Ida, you have shared so

861
00:49:35,320 --> 00:49:37,680
Speaker 1: much knowledge for us, and I know my audience would

862
00:49:37,680 --> 00:49:40,880
Speaker 1: be so grateful. Thanks for coming on the show. Thanks

863
00:49:40,880 --> 00:49:46,160
Speaker 1: for having me, Georgie, thanks so much for listening into

864
00:49:46,160 --> 00:49:49,120
Speaker 1: this week's episode. If you love to Rise and Conquer

865
00:49:49,400 --> 00:49:52,439
Speaker 1: and you're craving more community. I have got your girl friend.

866
00:49:52,880 --> 00:49:55,480
Speaker 1: I was feeling the exact same, So I'm very excited

867
00:49:55,480 --> 00:49:58,600
Speaker 1: to announce that we have made a close Rise and

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Speaker 1: Conquer Facebook community group. To join our girl gang, head

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00:50:02,320 --> 00:50:06,040
Speaker 1: to Facebook and search Rise and Conquer Podcast community or

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00:50:06,080 --> 00:50:08,520
Speaker 1: head to the show notes for the link. I decided

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00:50:08,560 --> 00:50:11,200
Speaker 1: to create this community for like minded women who are

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00:50:11,239 --> 00:50:14,560
Speaker 1: searching for a safe and positive space for us to

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00:50:14,600 --> 00:50:18,680
Speaker 1: share our stories, to ask for advice and interact together. Lastly,

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00:50:18,840 --> 00:50:21,360
Speaker 1: if you know someone who would benefit from this episode,

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00:50:21,760 --> 00:50:24,279
Speaker 1: please make sure you share it with them, or even

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00:50:24,320 --> 00:50:27,160
Speaker 1: take a screenshot and share it on your Instagram stories.

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00:50:27,480 --> 00:50:31,120
Speaker 1: I really really appreciate all the support, and this is

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00:50:31,160 --> 00:50:35,520
Speaker 1: a total independent podcast, so any sort of sharing involved

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00:50:35,760 --> 00:50:38,799
Speaker 1: I really really appreciate. Also, if you want to go

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00:50:38,880 --> 00:50:42,760
Speaker 1: beyond this episode, check out our official Instagram at Rise

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00:50:42,800 --> 00:50:47,400
Speaker 1: and Conquer dot podcast or my personal Instagram at Georgie Stevenson.

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Speaker 1: I hope you have an amazing day or night whenever

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Speaker 1: you're listening, by for Now and talk to you Soonest Speaks,

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00:51:02,239 --> 00:51:08,360
Speaker 1: Puff Spots and forts Spot Spots