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STOP BUYING PROPERTY. START BUILDING A CASH MACHINE. — Transcript

by Metropole Property Strategists · 4,617 words · 709 segments · language en · Watch on YouTube

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0:01Hey everybody, welcome to the market
0:02room live again. Welcome to Thursday.
0:05Hopefully the sun's shining where you
0:06are and you've had a good week. Really
0:08looking forward to the next 7 weeks.
0:10We're going to unpack this little number
0:11here, Michael's book. Um how to grow a
0:14multi-million dollar property portfolio.
0:17>> [clears throat]
0:17>> And I'm really looking forward to
0:17getting into some of that. Today is week
0:19one. It's all about building the cash
0:21machine.
0:22Starting to put some comments in the in
0:24the comment section. Who wants to build
0:26a cash machine? Who wants to have a cash
0:27machine? That's what we're going to talk
0:28about. Um great to see you online
0:30Adrian. Thanks for jumping in. Hey
0:32Nicole. Usual suspects, Tash, Kylie.
0:34Hope um hope it's as sunny in Sydney as
0:36it is here.
0:37Um and hope everyone's uh happy and
0:39healthy. So we've got a lot to unpack.
0:41Um couple of headlines before we start.
0:43Well, before we start, we're actually
0:44streaming in three different places
0:46today. We're live on YouTube as we
0:47normally are. Um but we're also on
0:49LinkedIn and we're also on Facebook. Hey
0:52Trevor, great to hear from you. Hope
0:54you're well.
0:55Um hopefully everything's going well for
0:56yourself Naya.
0:58Looking forward to the next 7 weeks as
0:59well. Um some headlines. There's lots of
1:01headlines coming out at the moment. Uh
1:04I guess there's the good, the bad, the
1:05ugly. Um and we'll we'll hit it straight
1:07up. Unfortunately, the we're looking
1:09like an interest rate rise very soon,
1:11potentially September. There's a 60%
1:13chance of an interest rate rise in
1:14September.
1:15It appears that the Reserve Bank is
1:17getting a little bit short-tempered with
1:19inflation being so high. Petrol is
1:21skyrocketing, rents are absolutely
1:22skyrocketing, and all those usual
1:24suspects that we all talk about are not
1:26really easing at the moment. So at some
1:28stage they're going to have to correct
1:30that. They've been away from that 2 to
1:313% band for some time, and many
1:34economists and banks are suggesting
1:35either September or November. They're
1:37certainly running out of patience and I
1:39can understand why.
1:40So lots happening there. Um again, 60%
1:43chance. Let's see what happens there.
1:45Hey Joey.
1:46Hey Darren, how are you? Askart, great
1:48to great to see you again. Thanks for
1:49jumping on.
1:51>> [clears throat]
1:51>> Now, I'm looking at property prices as
1:53well. Obviously property prices have
1:55continued to decline.
1:57But as I've said before, I actually
1:58think we're through the absolute worst
2:00of it where that peak fall is happening.
2:02And the reason that is is because
2:03there's a level of you know, scarcity
2:06and there's a level of concern and worry
2:07and frustration about what happens and
2:09people just tend to sit on their hands.
2:11So for the first 3 months, the market is
2:13certainly dropped, but we're starting to
2:15see a few green shoots. Auction
2:16clearance rates are starting to get to a
2:17little bit back into a little more
2:19normality.
2:20Um asking prices is a few more green
2:22lights on the asking prices like we've
2:23mentioned before.
2:25Um lending still falling, but it's
2:26falling less. And I guess that's the
2:27story here. Prices and lending and those
2:30kinds of things are still falling,
2:32but they're not falling at the rate they
2:33have been. They're kind of starting to
2:34shallow out a little bit. So I do think
2:36things will keep slowing, um but I also
2:39think um the sooner and the longer it
2:40goes on, there's more information
2:42around, there's more knowledge
2:42available. And I think those things will
2:44start to dry up. The other interesting
2:45thing is that consumer confidence uh is
2:48also um starting to tick up a little
2:50bit. So that gives me a an idea of Look,
2:52people are learning to adjust. They're
2:54not going to take the actions it's not
2:55going to change overnight. There's still
2:56a period of time here
2:58um that we have to get through. So
3:00there's some of the headlines. Um
3:02Michael's joined me. Hey Michael, great
3:03to speak to you. I'm I'm under pressure
3:04now cuz I'm talking all about your book
3:06uh and I know you've heard me talk about
3:08it before and I'm looking forward to uh
3:10we've got a webinar next week and then
3:11we've also got a uh a seminar uh further
3:13down the track which I'll talk about as
3:15well. So your opportunity to to learn
3:17from the master like I have. And um
3:19let's turn it on to that and let's turn
3:21it now into the 7-week course. The first
3:23one is building the cash machine.
3:25Uh this book quite literally changed my
3:28life. Um it I wouldn't be on the
3:30trajectory I'm now if I hadn't read this
3:32book and and listened to Michael speak.
3:34It really really resonated with me. Uh
3:36like you at the time, I was looking for
3:38something.
3:39Uh I was probably brought up middle
3:41class and I I needed I needed a guide, I
3:43needed a mentor, I needed something to
3:45to help me move forward and and I was
3:47really desperate to kind of find
3:48something like we all are. And you go to
3:49the the and this is something that
3:52really resonated with me. So, I'm really
3:53looking forward to unpacking this today
3:55and really looking forward to getting
3:57into some of these got a few questions
3:59there already. Thank you. I will get
4:01back to those at the end. So, I'll jump
4:02back onto those. So, thanks for putting
4:04some questions in and please feel free
4:05to put questions there along the way.
4:07Around 20 years ago
4:09my wife turned to me we were wanting to
4:11invest in property. I had a couple of
4:12investment properties and she said, "Why
4:13don't we go and listen to this guy talk
4:15about property?" I looked at the picture
4:17was picture of Michael Yardney and said,
4:18"What's this guy going to talk to me and
4:20and teach me about property?" And it
4:21quite literally changed my life. The
4:23presentation, the way we elevated our
4:25mindset and the targets and the systems
4:27and I'm going to share that with you
4:28today. A few years later I was lucky
4:30enough to start working at Metropole. 16
4:33years later I'm one of the national
4:34directors and Michael's business
4:35partner. So, it's been quite a journey
4:37and it's not a cliche. It has quite
4:39literally changed my life.
4:41So, I'd love to hear your thoughts
4:43particularly around the cash machine. I
4:45like the cash machine concept for a few
4:46different reasons.
4:48The main reason is
4:50I actually don't care what happens to
4:51interest rates. I care what happens to
4:52property prices. I've got a long-term
4:55plan and a strategy. I allow for these
4:57types of things to happen in my plan and
4:58strategy. It's all about the mindset and
5:00creating that cash machine for the
5:02longer term. So, let's talk a little bit
5:04about
5:05how we how we do that and how we create
5:07that cash machine.
5:09Let's have a look.
5:13>> [clears throat]
5:17>> Okay.
5:18So, week one is building the cash
5:20machine.
5:23Again, this is really really important.
5:25Dr. Stephen Covey always talks about
5:27always begin with the end in mind. So,
5:29building a cash machine for me was
5:31something we all aspire to and I think
5:33it's something we all look for. Some of
5:34us wanted it in a year or two. Others
5:36are a bit more realistic and are willing
5:38to put a 15 or 20 year time frame
5:39together to create this kind of cash
5:41machine that allows us to build a level
5:43of wealth where we can take our hands
5:44off the wheel. We can live comfortably
5:47and we can also pass things down to the
5:48next generation. So, today we're going
5:50to talk about a couple of things. The
5:51first thing is the wealth pyramid, where
5:53you sit on the wealth pyramid, the five
5:55levels of investing, and how everyday
5:57Australians can build on a cash machine,
5:59and which is what we're going to talk
6:00about.
6:01So, next.
6:04What is real wealth, and what does
6:06wealth really mean to you? I think it's
6:08really, really important.
6:10Um
6:11I guess to start with the on the bottom
6:12right there, we're talking about less
6:14than 1% Approximately 1% of Australians
6:17never become truly financially free, and
6:19that's quite amazing.
6:21Super alone is not going to get you
6:22there. Now, I'm quite realistic here.
6:23I've probably got another 20 years
6:24before I retire. I know um
6:27they're already working on it. They're
6:28going to find a way to tax super. So,
6:30even if I've got a million or 2 million
6:31dollars in super by the time I retire, I
6:33could probably kiss most of that away on
6:35taxes. And the other thing is, there's
6:36certainly going to be no pension by the
6:38time I get there. So, I've got to take
6:39matters into my own hands. And
6:41previously, my third ever Market Room,
6:43if you want to go back and look at it,
6:44is why investing is no longer option.
6:47There's a great divide there, and that
6:49divide is going to get further and
6:50further apart unless you start investing
6:52and creating the the life you want and
6:54the life you deserve. So, for me,
6:56getting into that 1%, I had to do
6:58something different, and this is what
6:59led me to to follow down this path. So,
7:02most people chase money and think it
7:04equals wealth. That's not right. Money
7:05is only the vehicle. True wealth is a
7:07product of the mind. We're talking about
7:09things like health and wealth,
7:10relationships, um growth, and
7:12contribution.
7:14My goal, and what I wanted to achieve,
7:17uh was for my family, for myself, um and
7:20then I'm attaching those types of things
7:21to my goals and my cash machine.
7:24Do you have a number for your cash
7:25machine?
7:26That's a really interesting question,
7:27because most people I meet, and I've met
7:29thousands of investors, don't actually
7:31know what that number looks like.
7:33If you don't know what that number looks
7:34like, we've got a webinar coming up next
7:36week, and I'm actually going to help you
7:38with with the help of help of Michael
7:39Yardney,
7:40help you find a number. What is your
7:43number? We're going to help you find
7:44that cash machine number then we're
7:45going to reverse back and talk about it
7:47and work towards that number and that's
7:49certainly what I've been doing over the
7:50last 15 to 16 years growing that cash
7:53machine and working through that
7:54process.
7:57As we spoke about everyone searching for
7:59that cash machine and everyone wants a
8:00quick and easy option, but unfortunately
8:02that's not out that's not a a
8:04possibility. But wouldn't it be great,
8:06you know, you go on holidays, you wake
8:08up in the morning, you go away on the
8:10weekend and you come back with more
8:12income or more wealth than what you left
8:14with. It's that reoccurring cash machine
8:16reoccurring income. It continues to
8:18churn out money again and again. It
8:21keeps the rent growing and we don't know
8:22what's going to happen to rents at the
8:23moment. The value of the property also
8:25keeps growing and compounding and you've
8:28got a team to run it. You've got a team
8:29of property managers and advisors that
8:31can work through that. So an asset base
8:33that pays you regardless of how hard you
8:34work.
8:35And Michael used to start his seminars
8:37by saying hands up if you work hard and
8:39everybody used to put their hands up.
8:41And then he used to ask how
8:43hands up keep your hands up if you're
8:44wealthy and most of the hands would
8:45obviously go down. So
8:47money and hard work is not correlated to
8:50wealth unfortunately and that was
8:51something that appealed to me. I knew I
8:53was smart enough and I knew I work hard,
8:55but I also wanted to find a way to be
8:56able to to be able to create that
8:58wealth.
8:59And if you can build it through
9:00residential property or a mix of
9:01different things, hold it for the longer
9:03term and manage it by professional
9:05you're going to end up in front. Let's
9:06talk about the wealth pyramid and
9:08perhaps you can identify where you are
9:09on the wealth pyramid and that pyramid
9:11and that will allow us to put some steps
9:13in place to help you get to the next
9:14levels.
9:15Financial instability is living paycheck
9:17to paycheck. Financial stability is
9:19having a buffer in place
9:21where you stop working, you've got a
9:22buffer in place for a period of time,
9:24you're covering your expenses. Financial
9:26security is the next level where it
9:27covers the basics, then it covers the
9:29basics and your lifestyle and finally
9:32the end goal, the target is that
9:33financial abundance. And as I said
9:35before, less than 1% of people actually
9:37get to that point.
9:39So, the instability, um I guess is is
9:41that living on the edge, you're living
9:42paycheck to paycheck. It only takes a
9:45broken car or, you know, um a job loss
9:47or a sickness, uh and all of a sudden
9:50your money becomes debt. For those who
9:51are struggling, it's going to be credit
9:53card debt. For others, it's just an
9:54endless cycle. It's an endless wheel
9:56that goes round and round. So, the way
9:58out of that is mindset, education, and
10:01taking responsibility of your cash flow.
10:04It's so hard these days with Instagram
10:06and Facebook and pop-ups delivering all
10:08these kinds of things to live within
10:10your means. But, the other thing to do
10:12is actually find a mentor.
10:13You know, whether it's property, whether
10:15it's sport, if I was going to go and
10:16climb a mountain, I want to work it with
10:18someone who's actually climbed a
10:19mountain before, knows the the pathway,
10:21the ins and outs, and that's going to
10:23make me much more successful and much
10:25more efficient. So, that's really,
10:26really important. Unfortunately, most
10:28people go it alone, and that's where
10:29they fail.
10:30The next one is the financial stability.
10:32It's having that first 3 to 6 months in
10:34the buffer, and also making sure
10:37when you jump on a plane, you fit your
10:39own mask first before you fit everyone
10:41else's, fasten your own seatbelt, get
10:43your insurances right, your private
10:45medical insurance, disability, um to
10:47make sure that you are the most
10:49important asset, and you need to keep
10:50working to create income to feed this
10:52cash machine.
10:54Your cash flow, unfortunately, is still
10:55controlled by someone else at this
10:57stage, either a business or your boss or
10:58your clients, and you're kind of on a
11:00treadmill. So, the goal here is
11:02investing in your own financial
11:03education and start building your cash
11:05machine. And how do we do that?
11:07Well, we get to that that next level
11:09where we're covering all our bases, our
11:10home, our tax, and our loans are
11:12covered, our car expenses and groceries
11:14and insurance premiums, all those
11:16different things are covered. You're
11:17focusing on building net worth through
11:19appreciating assets. So, this is the
11:21accumulation phase of the process, where
11:24you're building those assets, you're
11:25kind of manufacturing growth, building
11:27that cash flow towards the end, and then
11:29later in level two you begin shifting
11:31from capital gains because you've got
11:32the compounding, you've got the growth
11:34and the leverage, and now it's about
11:36debt reduction and creating that cash
11:38machine. Probably over the last five or
11:40six years before you retire to get into
11:41a point where you not only got the
11:43security, you've also got the basics
11:44covered, and then you've also got that
11:46financial abundance. So, financial
11:48freedom is when you've got both things
11:49covered. Financial abundance is the
11:51ultimate target. A small group of people
11:54whose cash machine works overtime. All
11:57expenses and lifestyle are covered,
11:58generous surplus goes to community and
12:00charity, and asset base just keeps
12:02compounding. That is the goal.
12:05Um unfortunately, most people are
12:06impatient. They want it to happen
12:07overnight. It's going to take you at
12:09least 20 15 to 20 years, and you've got
12:12to be realistic about this. You've got
12:13to stop trading time for money, and
12:16you've got to start thinking differently
12:18about growth and compound and leverage.
12:21So, no matter what side or what part of
12:24the pyramid you're on, here's four
12:26simple steps to get that right. Number
12:28one, and this is the thing that most
12:30people struggle with, spend less than
12:32you actually earn.
12:35The non-negotiable starting point, you
12:36have to spend less than you earn.
12:38Overspending and you'll work you'll be
12:39working forever to pay others off.
12:41Invest the difference wisely.
12:43You know, $90,000 a year could be three
12:45and a half to four million dollars over
12:47the period of your lifetime. Um but they
12:49retire with little. Income is isn't a
12:52predictor, and I've worked with many
12:53people that have had higher incomes than
12:55other people, but they don't get the
12:56basics right, and then reinvest for
12:59compound growth. Don't reinvest for cash
13:01flow. By the time you're financially
13:03free, most of your wealth will come from
13:05compounding growth, not income or rent,
13:08and then just keep repeating the
13:10process. When you're got the ability to
13:12extend, keep extending. And what you'll
13:14find is once you've got that first
13:15property out of the way, you can then
13:16begin to use your equity strategically
13:19by not putting any of your own money in,
13:21by having buffers, and it gets a lot
13:23easier. But we've got to get the first
13:25part right. That's critical.
13:28Again, talking about multiple income
13:30streams. Back in the 50s, there was only
13:32one income. It was very simple, very
13:34easy. As we progress through life, now
13:36we need two incomes and maybe I'm seeing
13:38more part-time jobs being created
13:40because cost of living prices and things
13:41like that are going up, but people are
13:43investing more in property and shares
13:45and ETFs and managed funds and they've
13:47got a number of income streams coming
13:49into their life and that's really,
13:50really important.
13:52Also, important is reoccurring income
13:55and this is a really unique concept. We
13:57sit with a lot of people who want to
13:58create wealth by property and become
14:00property developers or they want to flip
14:02properties.
14:03That is not creating wealth because
14:06that's not reoccurring income. You have
14:08to work, you get linear income by
14:09producing a property or developing a
14:11property and then selling it. In 20
14:13years time, you don't have the cash
14:15machine. You might have the income and
14:17the cash which you would get from a
14:18normal job, but you don't actually have
14:21something that's going to keep growing
14:22and compounding and leveraging. Once you
14:24stop, the whole thing stops. So, getting
14:26that recurring income, the continual
14:28rent from your investment properties,
14:29the royalties, capital growth while
14:32you're sleeping, the easiest way for you
14:34to make a million dollars in the next
14:35decade is to buy a $1 million property,
14:38forget all about it and concentrate on
14:39paying down some of the debt.
14:41And again,
14:42allow that compounding to take over. And
14:44again, there's nothing wrong with
14:46talking about dividends and shares and
14:47we spoke about that last week. Bricks
14:49versus stocks, jump on last week's show
14:51as well cuz I do think there is a role
14:53for both and both play a very important
14:56role.
14:57Assets, not income, create wealth. You
14:59cannot save your way to wealth. Now, if
15:02you're putting some numbers together,
15:03you're going to need a million dollars
15:05unencumbered for every $30,000 of income
15:07at about 3%. If you can get 4% or 5% or
15:106%, great, but property generally lands
15:12between 3% or 4%. So, if you're going to
15:15retire on 100,000, you're going to need
15:16about $3 million
15:18worth of assets.
15:20If I doubled your income today, do you
15:22think you'd be able to save $3 million?
15:24Highly unlikely, but if we buy a
15:26million-dollar property and it grows and
15:28compounds and leverage and remove some
15:30of the debt, then you've got your $3
15:32million giving you an income.
15:34So, most people never get past that
15:35stage. They keep investing for cash flow
15:37and capital growth, which is exactly
15:39where most investors get stuck. The rich
15:41think assets, the poor think cash flow.
15:44And it is incredibly difficult,
15:45particularly at this moment in time, to
15:47start thinking about asset growth when
15:49cost of living's rising. It's really
15:51difficult to save in those times of
15:53things as well.
15:54The five levels of investing, the
15:56spender spends everything, there's
15:57nothing left. They've got to get through
15:58to the next paycheck. The saver pays the
16:00family home, squirrels away savings, and
16:03again, they're on that rat race. They
16:04continue to save and spend, but they're
16:06not spending to invest. They're
16:08consuming. They're going on holidays.
16:09They're buying new cars and things like
16:11well, there's got to be a level of
16:12sacrifice. The passive investor, always
16:15investing matters, but it's financially
16:16literate. And they fall into those
16:18get-rich-quick schemes. They try a few
16:19things here, they try a few things
16:21there. They don't work, and they keep
16:22moving around. And the active investor
16:24takes responsibility, builds knowledge,
16:26and focuses on net worth and assets. And
16:29finally, the professional investor
16:31treats it like a business, runs a true
16:33investment business, gets the right
16:35structures, has a trusted team, and
16:37teaches the next generation. It's the
16:39old story. If you're the smartest person
16:41in your room, you're probably in
16:42trouble.
16:45I've always already spoken about this,
16:46but I've obviously seen a lot of people
16:48who have on higher incomes really
16:50struggle because at the end of the day,
16:52they're just buying more expensive
16:53properties and more expensive cars and
16:55more expensive holidays, and they're not
16:57dedicating themselves to
17:00empowering themselves and investing. Um
17:02life keeps getting in the way. Set aside
17:04at least 10% of your income. There's
17:06some really great banking apps now that
17:07allow you to pay yourself first. So, if
17:10you put 10% of every pay in an account,
17:12that's a great way to start. Live below
17:14your means, only spend what's coming
17:16into your account, allow yourself to
17:18spend some, put that in a bucket, but
17:19have some that cannot be touched. And we
17:21generally say around 10% and then that
17:24can be invested in things like ETFs and
17:26shares until you get a big enough
17:27deposit to start the process into
17:29property.
17:30So, where do you sit on the wealth
17:31pyramid? Wealth is built from assets,
17:33not income. Stop trading time for money.
17:36That's not creating wealth. It's
17:38probably creating income. Choose
17:40compounding and recurring income over
17:42linear income. Pay yourself first. Put
17:45that 10% into the bank account that gets
17:49stuck in the bank account. It's a not
17:51touch. It's not a buy a new jet ski or
17:52go on a holiday. Allow other buckets and
17:55things for that as well.
17:56Uh and finally, every level of the
17:58pyramid needs better education and a
17:59stronger advisory team as you go along.
18:02That's really, really important.
18:04Subscribe for the next video where we're
18:05going to break down why we're using
18:07property, why we're using compounding
18:09and leveraging, and how we can turn a
18:10modest deposit in a multi-million dollar
18:13property portfolio. So, I'm really
18:15looking forward to talking about that
18:16next week.
18:17But first, we have some questions here.
18:20Um the government want to use us as a
18:22cash machine. Absolutely, Darren. I
18:23really like that one.
18:25>> [snorts]
18:25>> Um how do I figure out what my critical
18:27mass number is? I'm glad you asked. Hang
18:29around. We're going to have a webinar.
18:31Um the quickest and easiest way
18:33obviously is just to understand where
18:34you'd like to be, understand what your
18:35costs are, consider that at that time
18:37you may not have a mortgage, but we'll
18:39unpack some of that now
18:40um in our webinar next week. So, we'll
18:42talk through that as well. Um love a
18:44cash machine, don't we? Or what evidence
18:47you have to say rents are rising? Some
18:49data would be great, please. Uh
18:52just put are rents rising into Google
18:54and you get 15,000 different sources.
18:56Uh there's also some some data on
18:59CoreLogic. Uh if you go to Property
19:01Update, Michael Yardney's Property
19:02Update, he just put together every month
19:05he puts together uh 20 charts uh that
19:07explain what's happening in the market.
19:09There's some really, really good tools
19:10there.
19:11Um so, have a jump on there and and and
19:13look at those numbers. They're actually
19:14going crazy at the moment. The
19:16government need to slow down their
19:17spending. It's not helping inflation. I
19:19couldn't agree more. Um, absolutely.
19:21Can someone build a cash machine with
19:23just one or two properties or does that
19:24require scale?
19:26You can build wealth with one property.
19:28The number of properties are actually
19:30irrelevant. It actually doesn't matter
19:31how many properties you own. I would
19:33prefer to own one $3 million property
19:35than 20 properties worth $3 million.
19:38These people that own 40, 50, 60
19:40properties,
19:41at the end of the day, it doesn't really
19:42matter. The value of the property
19:44matters and also what kind of cash flow
19:46it's giving you. As I said before, if
19:48you're wanting $100,000
19:50in cash flow from your properties,
19:51you're probably going to need a $3
19:52million asset base. And that may not be
19:55one property. It might need to be two or
19:57three properties built over time, which
19:59we'll get to throughout the series.
20:01However, the number of properties are
20:03absolutely irrelevant.
20:06Right, before we go,
20:08um, as I said before, we've got our our
20:10webinar coming up next week. Um, if you
20:12haven't joined yet, please jump on.
20:16Um, I'd love you to join and we're we're
20:18obviously going to go through and talk a
20:20little bit about
20:21uh, we're going to talk a little bit
20:22about the uh, the number and and how to
20:25financial number. What's your financial
20:27independence number? This is a free
20:28session with one of Australia's best
20:31wealth educators through property,
20:32Michael Yardney. He's going to be there.
20:34I'm going to be talking to him as well.
20:35So, next Thursday, you can register by
20:38clicking the QR code there. If you're
20:40watching not watching this live, if
20:41you're watching this on the replay,
20:42please join us. It's going to be full of
20:44information. Uh, we're going to go
20:46through all of that. Thursday, 24th of
20:48September from 5:00 p.m. after next
20:50week's market room. We'll talk through
20:51that as well. So, I'm looking forward to
20:54getting into that and finding out what
20:56your number is. And if you don't know
20:57your number, it is an absolute must.
21:00We're going to keep um, some some links
21:02in the the show notes and the websites
21:03as well down there as well. Next week,
21:06uh, we've talking we've talked about the
21:08cash machine. We know what your goal is.
21:09Let's come back and talk about why
21:11should you invest in property? And why
21:13why should we be looking at property?
21:15And we're also going to be talking about
21:16leverage and compounding as well, which
21:18is going to be really really important.
21:20Um, so looking forward to seeing you on
21:22the show. If I've missed any questions,
21:24if you're watching this on the replay,
21:25please put your questions below. I'd
21:27love to answer them. I'd love to get
21:29into a bit more detail. Register for the
21:31webinar. Have a great week.
21:34Make it a great week.

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