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PROPERTY + LEVERAGE + COMPOUNDING = WEALTH — Transcript

by Metropole Property Strategists · 4,932 words · 720 segments · language en · Watch on YouTube

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0:02Hey everybody, welcome to the market
0:03room. It's that time of the week again.
0:05Hope everyone's had a fantastic week.
0:07Starting to get into the warmer weather.
0:08The sunshines out, the footy finals are
0:10starting. Uh it's been a real positive
0:12week in in so many different ways. But
0:14there's also a lot of different
0:15headlines and certainly around the
0:17property market and a few other types of
0:18things as well which we're going to
0:19unpack. You guys know how this works. If
0:22you could pop pop a big hello into the
0:24chat room. Good to see some people
0:25coming through. Just want to make sure
0:26I'm loud and clear before we kick off.
0:29Kylie, Jenny, Nicole, hope you're
0:31feeling better. Good to see you. Hey,
0:32Dorian. Um, thanks for joining in, Viv.
0:35Uh, also Adrian, Alicia, I know you're
0:37all on a bit of a break, Alicia, so I
0:39appreciate you tuning in. Um, great to
0:41see everybody online. We've got a lot to
0:43unpack today. We're going to work
0:45through uh some of the latest headlines,
0:47talk through some information for week
0:50two of Seven Weeks to Wealth, which I'm
0:52looking forward to unpacking, and then
0:53we'll talk a little about a little bit
0:54more. Last week, if you missed the show,
0:56I really encourage you to go back. I
0:58believe the best place to start when
1:00you're starting to prop to invest in
1:02property is begin [clears throat] with
1:04the end in mind and understand what you
1:06want your cash machine to look like. Hey
1:08Michael. Hey Tash. Really important.
1:10That's a really great place to start.
1:12Begin with the end in mind. Once you
1:13actually know your end goal, what you
1:15want your end figures and cash flow to
1:17be and you can link it to something
1:19emotional. Maybe it's a legacy, maybe
1:21it's a a lifestyle and choice. It's a
1:23real way, a real strong way to start
1:25your portfolio because otherwise what
1:28are you aiming for? You're got a more of
1:29a buy and hope strategy. We're going to
1:31talk a little more about that later.
1:32We've got a great webinar coming up this
1:34afternoon. If you don't know your
1:35financial number, your cash machine
1:37number, let's get that right for you
1:39this afternoon at 5:00. I'll have more
1:41details later. But if you haven't seen
1:43last week's show, I highly recommend
1:44going back before we get into this week.
1:46Hey Shannon. Hey Christine. Thanks for
1:48jumping on. Greatly appreciate it. So,
1:51we've got a lot of headlines coming up.
1:52In case you've missed it, there's a very
1:54high chance we're going to get a
1:55interest rate rise next week. Quite
1:58interesting. The Reserve Bank meets on
2:00the Tuesday and all the information's
2:02released a couple of days later. So,
2:04they're going to make a decision before
2:05they even get to look at that
2:06information. And my money suggests 80%
2:09chance of a rate rise. And whether they
2:12raise rates or not, the banks are
2:13already increasing their interest rates
2:15at the moment. So whether we get that or
2:17not, it's uh it's already upwards and
2:19onwards for interest rates and also
2:21likely for November as well when they
2:23meet after that period of time. So
2:24there's some big things happening there.
2:26We just cannot get inflation under
2:28control. Interestingly enough, our old
2:30mate Koshi wrote a letter to the RBA to
2:33investigate what happens if government
2:34also decreases their spending. And they
2:36haven't even looked at it. They haven't
2:38even modeled what would happen if
2:40governments decrease spending.
2:42So maybe they can help us out and and
2:45cut back on some spending as well. Um,
2:47interestingly enough, Elenezy is getting
2:50absolutely hammered on this. Uh,
2:51finally, Jim Charas is having to answer
2:53some questions. I think this is a
2:54positive. Let me get get right. It
2:56doesn't feel great with all this
2:58information going on, but they are
3:00tanking in the polls. They're also
3:02paying more interest uh on their loans
3:04and their debt. And as I said before,
3:06stamp duty revenue has fallen through
3:08the floor because of this change. So
3:11always back the horse called
3:12self-interest. Um this could be a
3:15change. They could either get rid of
3:16Charmers or Albani potentially and they
3:19could, you know, wash and and put those
3:22policies out with them. That's a highly
3:24highly likely opportunity if Labour want
3:26to get through to the next election. And
3:27if those results keep going one way,
3:29most governments always want to retain
3:31power at every cost. It's happened many,
3:33many times before. So let's just watch
3:36this space a and see what happens.
3:38Regardless of that, regardless of what
3:40going on in the short term, let's switch
3:41back our thinking to longer term
3:43mentality. I'm unpacking week two, which
3:46is using property. Why we're going to
3:47choose property. I'm going to talk about
3:49that in a moment. We're going to use
3:50property compounding and leverage to
3:52create longerterm wealth. And I'm going
3:54to show you how to use debt
3:56strategically. That's something I've
3:57used myself. And it really changed the
4:00way and empowered my portfolio to move
4:02forward. So, as you know, this is
4:04fast-paced, uptempo. Hang on to your
4:07hat. We're going to go through a fair
4:08bit of information here in the next 15
4:10or 20 minutes. If you do have any
4:12questions, pop them in the chat box. If
4:14you're watching the replay, also pop it
4:15in the chat box and I'm I'll get to
4:17answering them as quickly as possible.
4:19Let's get into it.
4:26Okay,
4:29hang on a sec.
4:35Right, we got week two, property using
4:37compound and leverage to create wealth.
4:40Really good opportunity to talk through
4:41some of these points. Uh, and also think
4:43about things differently. Change the way
4:45you're thinking about we're not going
4:46out to buy a property. We're here to
4:48create longerterm wealth. In week one,
4:50we established what your goals are. Now,
4:52we need to find a vehicle to do it and
4:54use those points of difference to help
4:55you create that longerterm wealth as
4:57well.
5:00Why choose residential property? The
5:02first thing is choosing the vehicle. And
5:04I'm suggesting you use property. Why?
5:05Because it's a good investment. And a
5:07good investment needs two things. Strong
5:09compounding capital growth to build
5:11wealth. And a secure income that
5:13increases over time. Well-located
5:15capital city residential property does
5:17both. And it's quite reliable over the
5:20longer term. You've got reliability and
5:22performance. Simple, safe, reliable over
5:24the longer term. As long as you know
5:26what you're doing, and that's what we're
5:27going to get at today.
5:29Let's also reframe risk. We're going to
5:32talk about debt in a moment. The biggest
5:33risk at the moment is actually doing
5:35nothing and letting inflation erode your
5:37savings on your money. The people who
5:39aren't taking risks, they're the ones
5:41who are the risk takers.
5:43Leave that with you. It's an interesting
5:44thought. Let's start to unpack it a
5:46little bit more. The good thing about
5:47property is everyone can play property.
5:49Most people understand what property is.
5:51Um there's an opportunity for more
5:53multi-millionaires to to to work through
5:55because of property. Most people who are
5:57multi multi-millionaires have some kind
5:59of property investing in their
6:00portfolio. Whether they've used their
6:02business and then put it into into uh
6:04property or whether they've used
6:06property to create that wealth. It's
6:08consistently been the major source of
6:09wealth for Australian millionaires for a
6:11long long time. And as I said before,
6:13those who have made money elsewhere
6:14generally put that in to property. And
6:16the good thing is anyone can do it. And
6:18that was what really appealed to me
6:20early on when I started investing.
6:22Anyone can get wealthy through property.
6:24You've just got to have the right
6:24strategy mindset. Banks can lend up to
6:2780%. In some cases, they're lending up
6:28to 90 or 100%. You don't need a large
6:31sum. And in many cases, most people with
6:33a steady job and good savings can also
6:35achieve that. And I would also suggest
6:37for those of you who are sitting on your
6:39home and you've lived in your home for 5
6:40to 10 years, you've probably got an
6:42untapped resource there, which I'd like
6:45to talk about as well. The other good
6:47thing about Australian property, it's
6:49Australia's largest asset class. There's
6:5111.3 million in Australian val dwellings
6:55with 11.7 trillion. It's four times
6:58larger than the ASX. Um and the other
7:01thing as well, there's only about um I
7:03think the debt to asset
7:06ratio is roughly about 20%. So it's not
7:09a bubble, it's not going to burst, you
7:11know, it's not up around debt to to
7:13income. It's not debt to ratio is up
7:15around 80%. It's at 20%. And the other
7:17thing I like about property is almost
7:1970% of people are home buyers. Um, now
7:22things like the share market and all
7:24those other types of things, investors
7:25can panic. That's why a lot gets wiped
7:27off the share market and onto the share
7:29market. It's quite volatile. But home
7:31owners don't think like that. They think
7:32long term. If they're going to buy a
7:33property, they're thinking seven to 10
7:35years ahead at least. Uh, and if there
7:37is a financial crash tomorrow, they'll
7:39do whatever they can to keep a roof over
7:41their family's head. I often say we'd
7:44eat magic noodles to keep a roof over my
7:45family's head. I would and that keeps
7:47the market fairly fairly simple and and
7:50not as volatile as other markets. So,
7:52owner occupies don't sell in a downturn.
7:54Um, giving investors a built-in safety
7:56net. So, if you can get into those
7:57higher income areas that we talk about,
7:59you've got a little bit of a safety net
8:00there as well. The income also grows in
8:03four ways. Rental cash flow, regular
8:05income from your tenant over time. And
8:07boy, as I've outlined, isn't rent going
8:09to grow quite substantially over the
8:11next 3 to 5 years? The next way is that
8:13capital appreciation. um we've
8:15experienced that in the last five to
8:17seven years might be a bit lower over
8:18the next couple of years, but certainly
8:20capital appreciation over the longer
8:21term should be on the agenda. There's
8:23also tax benefits. Now, those rules have
8:25changed a little bit and we're going to
8:26unpack just how we do that later on in
8:28the series, but you can still take
8:30advantage of tax benefits. It's also an
8:32inflation hedge. I've mentioned before
8:35um it's a great way debt is a great way
8:37to to work through inflation. If you
8:39borrow a million dollars worth of debt
8:42and uh inflation at 4%, that means it's
8:45decreasing by about $4,000 a year. It
8:47gets easier to pay off the later and
8:49longer you pay it off. So, it's another
8:51way to think about debt a little bit
8:53differently. So, there's some of the
8:54reasons I think um that that that income
8:57favors property as well. You're also
9:00going to get consistent capital growth
9:01compounding over time. And this is a 7%
9:04compounding chart. Now, I know I'm going
9:06to have some engineers. I know I've got
9:08a particular accountant on that always
9:09likes to reach for the calculator um and
9:11and challenge some of these numbers as
9:13well. Don't worry about the numbers.
9:15Just think about the concept. Take a
9:18deep breath. Switch that side of your
9:19brain off and just listen to I guess the
9:21concept for now. And if you do want to
9:23talk more about this, we can actually
9:25sit down with you. We can work through
9:26your situation. We can get your
9:27calculator out and we can work through
9:29it. But again, let's have a look at
9:30this. Over compounding over time, if
9:32you're starting with a million dollars
9:33today, it's like a snowball, right? It's
9:36quite slow to start with. It goes from 1
9:38million to 2 million to 3 million, but
9:40by the third and fourth decade, it's
9:42tripled, more than tripled in value.
9:44That compounding's really worked through
9:45and by the fourth decade, it's grown
9:47more than seven times its original. So
9:50that's the trick with compounding. And a
9:51lot of investors and I guess miss out
9:53because they hold properties, they flip
9:55properties, they sell properties, they
9:56don't get to that back third of holding
9:59that property and the huge amount of
10:01growth that comes through from that over
10:02that period of time. So if you accept
10:05that the market's going to continue to
10:06compound at some kind of rate, then you
10:09should understand that back third is
10:11critical to get into that range.
10:15Um the other thing is borrowing and
10:17using other people's money, particularly
10:19at the start of your journey rather than
10:20putting down, you know, 200,000. If you
10:23can put down 100,000 to deposit, you're
10:25going to end up further in front. Keep
10:27that extra 100,000 as as I guess a bit
10:29of a buffer, a safety net. um keep it in
10:32an offset account so you're still
10:33reducing that debt. But you can see here
10:36um five investors borrow at $100,000
10:38each. Some are growing at 10%. Um some
10:41use a 20% LTV, 50%, but you can see that
10:44the investor that borrowed the most made
10:46five times the five times the uh the
10:49return of the investor that borrowed
10:50100%. So leverage is critically
10:53important as well. When you've got
10:54compounding and leverage, it's a
10:56critical tool that you can use to move
10:58forward.
11:00The other thing when you're look when
11:01you're starting to reframe how you're
11:03investing, you move from how to and then
11:05you go to when to. So rather than buying
11:08shares and trying to time the market and
11:10getting in the top of the market or the
11:11bottom of the market um losing badly,
11:14you just have to figure out when you get
11:16into the market, how to get into the
11:17market, and what structure you're going
11:19to get into the market, and what your
11:20long-term strategy is. It rewards you
11:22for how you buy and how you add value
11:24far more than timing. less liquid but
11:27steady producing millions of wealthy
11:28people and a handful of losers because
11:30property can be a really forgiving asset
11:32if you're holding for the longer term
11:34which is exactly what we advocate for.
11:37Six more reasons why I love property and
11:39why I invest in property. The first
11:40thing is I said before someone else is
11:42paying your mortgage. Tenants will fund
11:44your mortgage. Um and again that helps
11:47you while you're building equity. Rents
11:48are going to skyrocket in the more
11:50established locations. We've established
11:51that over the the medium term. Um you're
11:54in control. You can renovate. you can
11:55add value. You cannot add value to
11:57shares. You can't go down to Bunnings,
11:59paint the walls, and your share price is
12:00going to go up. Um, but you can with
12:02property, and I think it's a real trick
12:04that most people miss out on. Even if
12:05it's just a simple cosmetic renovation,
12:08doesn't have to be something more
12:09substantial or a development, but that
12:11will certainly help. So, that adding
12:13value is a really important point. It's
12:15also in perfect market. If I'm buying
12:17shares, I have to pay the share price. I
12:19can't negotiate. I can't get a better
12:21deal. I can't buy below a replacement
12:23cost, which we do so well here at
12:24Metropole. Um, and it's not as liquid, I
12:27guess, as the share market. You can
12:28insure it. You can obviously have
12:30building insurance. You can also cover
12:32yourself for rent if you've got a period
12:34of time where something happens where
12:35you're without a tenant. You've got the
12:37ability to claim some of those vacancies
12:39as well. So again, another really great
12:42riskmanagement tool. It's also quite
12:44forgiving. Even we've done research on
12:46this. Even if we've bought at the
12:48absolute top of the cycle, in 10 or 20
12:50years time, it's going to make very very
12:52little difference to the outcome of what
12:54you're investing in. So remove timing
12:56from the equation.
12:59One of the other things I want to talk
13:00about compounding is this is really
13:02really powerful. Have a look at the um
13:04the the yellow line there. This is the
13:06this is a dollar doubling every day for
13:0830 days. So if I take a dollar, tomorrow
13:10I give you two, the next day four, the
13:12next day eight, and I double it every
13:14day for 30 days. The yellow there
13:16suggests I end up at over $1 billion
13:20just by holding it for 30 days. You get
13:23your calculator there if you like. I'm
13:25pretty sure on those numbers. Um
13:26although it does seem quite a lot. The
13:28next thing is what happens instead of
13:29doubling it the next day. If I take out
13:31a tax rate at 37%. So instead of a
13:34dollar, I take out the 37% tax and
13:36double it. Then isn't that different
13:39quite substantial? I've got a million
13:40dollars. If I'd have to take out tax, I
13:42only end up with $1,000.
13:46That is astounding. And that's another
13:47message of compounding. And it's also
13:49another message of why we don't sell
13:51property after five or seven years just
13:53because the property's done well because
13:55straight away you're going to lose
13:56$100,000. You're going to pay capital
13:58gains tax. You're going to pay sales
14:00agents. It's a big big big step
14:02backwards. And then when you get back in
14:03the market, you're going to have to go
14:04through the same process. Stamp duties
14:06and fees and conveyancing and building
14:08and pest. So, why not just get a really
14:10great property or two and hold it for
14:12the longer term? I think that's a real
14:14powerful graph there of compounding an
14:16action without interrupting it by
14:18selling and having to pay fees and
14:20charges. Let's put this all in
14:23perspective. Um, interestingly enough,
14:25Mark Boris come out during the week and
14:27suggested that if he had a million
14:28dollars, he'd prefer to put it into
14:30shares than property. All things being
14:32equal, he may be right. The only problem
14:34is with a million dollars, I could
14:36borrow a $10 million property
14:38potentially or5 million. So there's
14:41quite a difference there. And the other
14:42thing is that compounding and leveraging
14:44now becomes a completely different tool
14:46because if I'm putting a million dollars
14:47into shares and $5 million into
14:49property, I can compound and leverage
14:51those returns become exponentially
14:53higher. And that's one side of the
14:55argument he missed. Let's put this into
14:57a case study. And if you've got a home
14:59that I'm talking to you because you've
15:00bought your this person here, this is
15:02Liz and Gavin. They've bought their
15:03first home for 500,000 seven or eight
15:05years ago. It's now worth a million
15:07dollars and they've got 300,000 left on
15:09their mortgage. So, concentrate on the
15:12left there. Home value a million. They
15:14can borrow up to 800,000 with an a loan
15:16to value ratio of 80%. Um, their
15:19existing mortgage is 300,000. So, their
15:21usable surplus is 500,000.
15:25Now, this is going to be a little bit
15:26foreign. So, keep an open mind when we
15:28walk through this. What I want to do now
15:30is I want to work out, can I borrow up
15:33to 80%. Um, if I can, now I've got a
15:36usable surplus of $500,000.
15:39Now, I'm not going to go out and buy
15:41cars and boats and holidays. We're going
15:43to use this to fund a portfolio by
15:45putting zero of your own dollars down.
15:47And this is really powerful. Let's move
15:49into the middle number there, the middle
15:51graph there, where I've transferred that
15:53surplus of $500,000.
15:55I'm going to use 200,000 260,000 which
15:58is a deposit for a another $1 million
16:01property. Um 260 and the 60,000 is the
16:04cost. 200 is the deposit. It's going to
16:06leave in that little buffer section
16:08there $240,000 of equity which I'm not
16:12allowed to touch. I'm just going to
16:13leave it there. I'm not going to do a
16:15thing. Now I've got um an investment
16:17property. I've taken a loan again of
16:2080%. I've funded a deposit through my
16:22equity and my costs and I've put zero
16:24money into that and now I've got this
16:27nice big safety buffer of $240,000.
16:32What do I do with that buffer? Well,
16:35what would you do? What I would suggest
16:37you do is use it to fund the rest of
16:39your portfolio. The shortfall, let's
16:41just say the shortfall each year is
16:42$24,000
16:44or $30,000 each year. let the equity use
16:48and pay those funds rather than it
16:50coming out of your own money. By doing
16:52that, you've bought yourself pretty much
16:5410 years before you have to pay that
16:56back. And let's what look what happens
16:58in 10 years time. 10 years later, your
17:01home that was a million is now worth $2
17:03million. And the real estate value of
17:06all your properties has now gone to $4
17:08million because you got your home,
17:09you've also got your investment
17:10property.
17:12So that's gone up quite substantially
17:14from a 200,000 deposit. You've now got a
17:17$2.64 million in equity. At 8% growth,
17:20their property gains around 130 160,000
17:23in a year alone compounding annually
17:25from there and they're saving. They're
17:27going about their life, but their
17:29property business is taking care of
17:31itself and paying for itself, which is
17:33amazing.
17:35Yes, let's get to it. What happens with
17:37the 240? Well, that 240 is a line of
17:39credit covers years of interest
17:41shortfall on the new property costing
17:43nothing until it's drawn. We capitalize
17:45the interest which is a real foreign um
17:48a real foreign thought for some people.
17:50And this is not something you do over a
17:52two or three year period. This is
17:53something you set up over a five, seven,
17:5510 year period. So you've got a layer of
17:57safety there as well when you're re
17:59refinancing. Instead of paying interest
18:01from their own pocket, it adds to the
18:02loan over 10 years at 8% 5% interest.
18:05debt grows by 335%.
18:08But your equity has grown by 800,000. So
18:11definitely you've eroded all that um
18:13that cash flow and now you've gone to
18:15800,000. You've funded itself and now
18:17you've got the ability to go back and
18:19refinance again to unlock even more
18:21equity and maybe look at buying another
18:23property or maybe look at retiring some
18:24debt. There's plenty plenty options
18:26there.
18:28So from my point of view, you need two
18:30businesses. You need a cash flow
18:32business and you need an asset
18:33appreciation business. And that's what
18:35I'm talking about today. The problem
18:36with property investing is investors get
18:39them right wrong. They they think
18:40property is cash flow. And if you're
18:42flipping, developing, and making those
18:44kinds of cash flow, that's actually a
18:47cash flow business. It's not a capital
18:48appreciation business. So the two are
18:51very separate.
18:53The single greatest trade of investors
18:55of a 100 people you meet today, by 65,
18:58one's going to be wealthy, four are
19:00going to be financially independent,
19:01five are still going to be working. And
19:03I think that's going to continue. And
19:05unfortunately 54 are going to be broke.
19:07So what separates the successful from
19:09the unsuccessful? They decide to act.
19:11They ignore the information. They ignore
19:12the short-term detail. They put a
19:14long-term plan in place. They understand
19:17how to use their savings and their debt
19:18strategically. And they offerly go out
19:21and take action. And I'm sure we've all
19:22heard the saying about I wish I'd bought
19:24a property 10 years ago. Well, ask
19:26yourself this question. In 10 years
19:27time, will you be saying the same thing?
19:30Hopefully not. So to recap,
19:33why property, leverage, and time create
19:36your cash machine. Residential property
19:38offers rare power and stability. Few
19:40asset classes have both. Leverage turns
19:43modern gains into outsiz returns and
19:45outsiz risk is mitigated and down.
19:49Compounding is using growth equity, not
19:51new savings, to buy your next property.
19:53And finally, setting up buffers before
19:55you need them and take decisive action
19:57over perfect timing. As I said before,
20:00if you want to buy a property 10 years
20:01ago, it wouldn't have mattered when you
20:02bought 10 years ago, and the same
20:04applies now. All right, couple of quick
20:06questions. Looks like we've got a few
20:08there in the chat box. So, let's start
20:09to unpack some of those before we start
20:11to wrap up. Hey Brett, what's your
20:14recommendation or strategy when you have
20:15plenty of equity but run out of
20:16serviceability? That's that's a bit of a
20:19a tougher one. When you've run out of
20:20serviceability, that's a really great
20:22time to understand if you've run out of
20:23serviceability. Take a step back. If
20:25you've got a couple of properties, how
20:27are they going to perform over the next
20:2810 to 15 years? How do they fit into
20:30your longerterm plan? Now, you can use
20:33these numbers. If you're compounding a
20:35million dollar property at 4% versus a
20:38million dollar property at 7%, it could
20:40be $400 or $500,000 difference in 15
20:43years time. So, now you've got to
20:45understand that those properties are
20:46going to get you to your end goal in the
20:48desired time frame, which is what we're
20:50going to talk about this afternoon in
20:51the webinar. But I think it's a great
20:53time to reassess to make sure you've got
20:55the right properties. And if those
20:56properties performed well in the last
20:57five years, but the 15 years before that
20:58they haven't. Then you should have an
21:00alarm bell there. Um, you've got to have
21:03high capital growth assets. So, it's a
21:04great time, Andrea, thank you for your
21:06question, just to take a step back and
21:08get those properties looked at.
21:10Tash, is there a point where you've
21:12borrowed too much? How do you know where
21:13your line is? Well, unfortunately, um,
21:15the banks will tell you that. Obviously
21:17the loan to value ratios you can
21:18generally float up to around 80%.
21:21Generally speaking the maximum borrowing
21:23capacity is probably going to be about
21:25six times your income. So if you're
21:27earning $100,000 you're probably going
21:28to be able to borrow about $600,000. But
21:31if you've got rental properties as well
21:32and they're renting for $400 or $500 a
21:34week that in that is classified as
21:36income as well. So that will extend your
21:38borrowing capacity. Uh and as long as
21:40you're playing within the bank's
21:41guidelines and you're borrowing up to
21:4380% there should be no issues accessing
21:46those types of things. And that's uh
21:47certainly what I did in my experience. I
21:49had an average wage, but probably below
21:51average wage when I started investing,
21:53but I had this equity because my
21:54properties had gone in value. And I used
21:56that debt and equity strategically to
21:58get into my next properties. And I
22:00haven't paid for a property since. It's
22:01been the compounding and the leverage
22:03and the refinancing every seven to 10
22:05years that has helped me do that.
22:08Any other questions, please pop them in
22:10the chat box. If you've enjoyed this
22:12session, I know I rushed through it. I
22:14highly recommend going back looking at
22:16the case study, particularly if you've
22:17got equity in your home that you can
22:19unlock and we can do it safely and
22:21strategically. It's a really great
22:23opportunity to do that. If you got some
22:25value, I'd love you to like um let's
22:27also subscribe so you can c you can make
22:29sure you get the rest of the
22:31presentation as well. Um next week we're
22:33going to be talking about what's ahead
22:35for property. Now we're considering
22:36investing in property. It's really
22:38important you understand what's ahead,
22:39not just in the next three or four
22:40years, but in the next 10 or 20 years.
22:42We're going to look at the next stage of
22:43the cycle and why demographics are so
22:45important. Finally, if you're still
22:48around, I'd love to um I'd love you to
22:50jump on our webinar this afternoon.
22:51Here's the details. You're not too late
22:53to register. Um myself and Michael are
22:56going to be talking about what is your
22:58financial independence number.
23:01So, coming up on the screen,
23:05there it is. We've got a QR code. You
23:07can scan the QR code. What is your
23:09financial independence number? the three
23:11decisions that turn financial
23:13independence from an idea into a
23:16strategy. We're going to talk through
23:17those types of things this week. Um,
23:19looking forward to talking with Michael
23:21about that today. I think that's the
23:23best place to start in this type of
23:25environment when there's so much
23:26volatility. News headlines are changing,
23:28interest rates changing on a daily
23:30basis. I think it's a great opportunity
23:32to unpack some of that. That's it for
23:34this week. Um, I hope you enjoyed the
23:36show. Next week again, we're talking
23:38about what's ahead for property and
23:39demographics, which is key to what we're
23:41doing. Some really important points
23:43around debt there. If you'd like to talk
23:45in more detail about your personal
23:46situation and get some numbers behind
23:48that, there's a link in the show notes.
23:50Let's catch up and talk in more detail.
23:52Until then, have a great week. Make it a
23:55great week.

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