Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

Yes another podcast about the coronavirus, but you really need to listen to this one.   What started as a little cold for our economy has progressed to the flu and now sounds like it could be a dose of economic pneumonia. L ook where we are today… Dwindling confidence, a major stock market crash, talk of recession, workplaces closing, major events cancelled, social distancing.  What next?  Well…pa...

In today's show, I've got a special interview that I'm sure you're going to enjoy.  More importantly, it's one where I know you're going to learn something that will help you as a businessperson, investor, or entrepreneur.  If you're a regular listener, you know that I enjoyed a 6-week cruise at the beginning of the year.  And on that cruise, I befriended Lord Digby Jones, a politician who sits in...

There are a lot of scary headlines at the moment.  All of the anxiety in the air can even make an optimistic person a little nervous. In today's episode, I want to bring some perspective to the frightening headlines by explaining some of my thoughts on the current situation. Then, I'll be talking to Dr. Andrew Wilson, who's also been around for a while and has seen and experienced things like this...

What are the common mistakes made by beginning property investors?  In today's show, we're going to discuss those mistakes and how to avoid them.  This episode is one of two that I recorded with Marc and Sally from Finder.com.au. If you heard last week's episode, you know that we previously discussed the common mistakes that first-time homebuyers make.  In this session, Mark and Sally asked me abo...

Are you looking at buying your first home now or in the future? Then this episode is for you.  I'll be talking with Marc and Sally from Finder.com.au about things first-time homebuyers need to do to make the most of their purchase and the mistakes they should avoid.  Even if you're not a first-time buyer, the property information we discuss is valuable for those who have been through the process b...

Not all investors are created equal.  If you want to become a successful property investor you really need to understand the five levels of investing which is a model that I've designed to explain how most investors progress along their path to financial freedom. Just to be clear, this has nothing to do with your level of income. It has a lot to do with your financial fluency and financial intelli...

Have you ever wondered why there is so much bad news out there? Maybe it's because people find bad news more interesting than good news. That applies to property, the economy, politics, and everything else. A recent study that I read concluded that on average, people pay more attention to negative news than positive news. I've found that blogs and podcasts with subject lines that are more negative...

What's ahead for property this year? Is this the end of interest rate cuts?  We started this year with optimism, but now we have our fair share of turbulence. We have the coronavirus epidemic, the bush fires, political tensions overseas.  How will these affect our property markets and our economy?  Those are some of the things we're going to talk about today with Dr. Andrew Wilson.  We're also goi...

If you're looking for more money, better success in property investment or other areas of your life, or more wealth, this episode is for you.  I have three messages for you today. We're going to discuss one thing you're going to have to change to become a more successful investor – and it's not what you think.  I'm also going to share what is the right type of property investment for this stage of...

If you're in business, and even if you're not, today's show about the common mistakes businesspeople and entrepreneurs make will be useful for you.  If you think about it, we're all in our own little businesses: the business of property investment or the business of improving ourselves.  Hopefully, this discussion will help you avoid making some of these common mistakes.  Top 7 mistakes Entreprene...

For the last few decades, Baby Boomers have been driving our economy and our property markets.  But interestingly, they're not doing what everyone thought they were going to do.  They're redefining retirement. And this is going to have significant implications for our property markets and on our economy and businesses.  So, if you're interested in property investment or if you're a business owner,...

It's the million-dollar question so many investors ask: what's a better investment, the stock market shares or property?  Outside superannuation, property and shares are the two most common ways Australians build wealth.  Some find deciding which to invest in is a bit of a hard decision. If someone tells you only shares or only property, run away fast. That probably means they have a vested intere...

As we enter a new year and the beginning of a new property cycle, there are still many mixed messages in the media leaving many investors and potential homebuyers confused.  Hopefully, by the end of today's show, you'll be a little less confused because I'm going to ask Dr. Andrew Wilson, Australia's leading housing economist, some of the questions you're probably thinking about.  But before that,...

During his five years studying the rich and the poor Tom Corley identified 10 hard truths about the wealth gap that no politician or member of the mainstream media would dare reveal.  And as I share them with you today, you'll probably get a few surprises. These aren't just our thoughts. In his 5 year study, Tom asked 361 rich and poor people 144 questions each. That's 51,984 questions. From the d...

Our property markets have been on the move for a while now.  But some people are saying no, it's all going to end, there's still a property crash coming.  Others are saying that Australia's property markets are different.  But are they really different? That's what we're going to discuss today with Dr. Andrew Wilson. But first, we're going to bust another 5 property market myths so that you don't...

If you want to become successful at anything, whether it's property investment, business or entrepreneurship, a great strategy is to find yourself a mentor – someone who's achieved what you're wanting to achieve and study them, learn from them and emulate them. You can learn from their successes as well as their failures. In fact it's much cheaper to learn from your mentor's mistakes So please all...

Fears of the property bubble are back.  It's a new year, and the naysayers and the property pessimists are out telling us we've got a property bubble. That's what we're going to unpack today as I chat with Pete Wargent.  First-time homebuyers are back, established homeowners are back and investors are back in the property market because they fear missing out, particularly in our two big capital ci...

I was recently asked to put together a list of simple rules that distilled my property investment philosophy, so in today's episode, I'll give you 9 simple property investment rules to go by. In my mindset moment, I'll share 2 inspirational quotes that have helped me and that might be helpful for you as well. Then we'll discuss some of the differences that separate rich people and poor people. Hop...

The custom of making New Year's resolutions has been around for thousands of years, but it hasn't always looked the way it does today.  The ancient Babylonians held their new year's celebrations in mid-March when the crops were planted. They made promises to pay their debts or return items they borrowed.  These promises were the forerunners of our new year's resolutions.  Today, we're going to tak...

It's already turning out to be an interesting year for property in 2020.  Some commentators are suggesting double-digit capital growth in some of our capital cities, others are suggesting more subdued growth.  The question is, who are you going to listen to? Whose advice are you going to take?  Because if history repeats itself, and it surely will, many property investors are going to get it wrong...

If you want to become more successful in life, business, and investing, you're going to get a lot out of today's show. Even if you're not an entrepreneur in the sense that you would normally use that word, if you want to be more successful than the average property investor you will need to be entrepreneurial. In this episode, you'll hear me being interviewed by Brett Warren and I'll be answering...

While you're listening to this podcast, my wife and I are away on a cruise. We're able to do that again this year because we've built a substantial property portfolio that gives us the lifestyle we enjoy.  I'm not showing off. What I'm suggesting is you should also build a substantial asset base to give you choices in life.  How are you going to do that? How are you going to be different from all...

These are times of financial and economic turmoil. With the current uncertainty and many changes on the horizon, it's time to go back to the big picture. In today's episode, I'll be discussing 24 things all investors and entrepreneurs should understand about the way property investing and the economy work. A favourite columnist of mine, Morgan Housel, wrote a great column about 122 things everyone...

Have you ever wondered how property professionals do their research? If you're interested in finding properties that will outperform the market, this episode is for you. The most research many property investors do is finding a property that they already like, then looking for information that confirms their biases. However, sophisticated investors take a more strategic approach. Today, Kate Forbe...

Some goals are very hard to reach. Some are not so hard.  That's why climbing is often used as an inspirational metaphor for reaching new goals.  It's well into a new year, you've probably set some goals for the year or even for the new decade.  Today we're going to talk about climbing to the top of the mountain wanting to reach the top of the mountain, even though it's going to be hard, even thou...