Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

You rarely see psychology discussed alongside business and investment, but I believe that psychology is foundational to entrepreneurial success. Your mindset matters when it comes to achievement. In today's episode, I'm going to chat with Pete Wargent and discuss his 6 rules for wealth creation. Some of them may surprise you. 6 Rules for Wealth Creation: Increase Your Self-Esteem – People with low...

Who do you ask for property advice? With so many mixed messages and vested interests, who can you really trust? Our annual Property Investor Consumer Sentiment Survey revealed the many and varied sources that property investors consult for advice. But since most property investors fail to achieve the financial freedom they deserve, and with less than 8% ever owning more than 2 properties, a better...

Well, it's the beginning of the New Year, in fact, the beginning of a new decade. It wasn't that long ago I remember the turn-of-the-century when we were all worried about the Y2K bug. All those predictions of mayhem that didn't occur. In fact, we are now 20% through the 21st century – that's a scary thought isn't it. So, what's ahead for the new decade?  I'm sure there will be lots of scary predi...

Depending upon when you're listening to this, it's either just about to become a new year, or you're already into a new year and a new decade.  Today, I'm going to discuss twelve things that are going to change over the next decade and ten things that are not.  This is the end of my fifth decade investing in property and being able to look back and see what's gone on gives me some great perspectiv...

Would you like Lifetime Wealth? Well…today we'll explain what that means and how you could achieve it as I replay a chat I had with my good friends Louise Bedford and Chris Tate from The Trading Game as we discuss the concept of true wealth. How to Obtain Lifetime Wealth Michael shares how he bought his first investment property over 40 years ago. He's made plenty of mistakes, but has still built...

There are so many common misconceptions that people just don't question.  In fact, there's so much misinformation surrounding wealth creation, that in today's episode, I'm going to debunk 15 common myths.  If there's one thing I've learned, it's that you shouldn't allow these kinds of blanket statements to hold you back.  In this episode we'll explore these statements and help you avoid the "would...

The facts are in again, and they show that the rich are getting richer.  If you're a regular listener, you know that we've said that on many occasions.  But today I'm having a conversation with Michele Levine, CEO of Roy Morgan, Australia's longest-established research company who recently released an Australian wealth report that's very different from all the other reports.  We're going to dig in...

We have all experienced stress.  Whether it is at home, at work, in our own business, stress feels an unavoidable part of our busy lives.   It's the unavoidable part I want to focus on.  It may be that seeing stress as something we should seek to avoid is what actually heightens its negative impact.   Rather than seeing stress as something to avoid or a necessary evil there are ways in which we ca...

If you want to become a more successful property investor, today's show will point you in the right direction.  First, we'll have a chat about where not to invest.  This aren't just my thoughts. They are the results of a recent university study in Australia that shows where you shouldn't invest. Most property investors never get past their first or second property. You don't want to be in that gro...

Have you ever felt like everyone else knows what they're doing when you have no clue?  Do you sometimes believe your success is all about luck, but your failures are all you?  Do you wonder when the fraud police are going to come to kick down the door and drag you from your desk?  If the answer is yes to any of these, welcome to the imposter club!  The good and bad news is that it's not a very exc...

When you look back on 2019, it's going to be a watershed year for property, a year of two halves.  At the beginning of the year everyone was very nervous about the future of our property markets.  At the end of the year there's so much more optimism.  Of course, there are still some economic issues and headwinds ahead for our property markets.  But we've recently conducted our annual Property Inve...

If you want to be rich and successful be like Spock. If you're a Star Trek fan, you'll really enjoy that segment where Tom Corley and I discuss controlling emotions as being one of the rich habits.  And even if you aren't, you're going to get a lot of good information out of it. Then, I'm going to teach you one of the lessons I learned many years ago.  It's an extended mindset moment about the Law...

We know the Reserve Bank is determined to lower unemployment and increasing wages growth and inflation.  It's attempting to do this by lowering interest rates and is even talking about other measures such as quantitative easing.  But what if this doesn't work?  What if the only effect of lowering interest rates is pushing up property values, yet the economy doesn't pick up?  That's the subject of...

Around this time every year, a little animal creeps out.  They're called naysayers. And they find all the bad things that are going on in the world, rather than seeing the good things. Rather than being grateful.  Interestingly, in the 40-something years, I've been investing, the naysayers always come out.  And interestingly, they've always been wrong.  So in today's episode, I'm going to explain...

Have you made any mistakes in your investment career? If you're an investor, you almost certainly have made some mistakes.  Nobody starts out as a great investor – property investment is a learned skill. Today, I'm going to share with you one of the biggest mistakes I made early on in my investment career. I hope you'll learn something from my mistake today.  I'm then going to have a chat with Pet...

Wherever you look property is in the news. And while there are many more good news stories than there were at the beginning of the year, there is also a lot of conflicting information. So to bring some clarity to some of the recent news stories, I have a chat with Australia's leading housing economist, Dr Andrew Wilson chief economist of myhousingmarket.com.au.   We discuss the following: Is the p...

If you're a property investor, in business, or an entrepreneur, you're really going to enjoy today's show.  Simon Kuestenmacher, Director of Research at The Demographics Group, is joining the podcast today, and we're going to talk a bit about demographics – how many Australians there are, where they're living, where they want to live.  But more importantly, we'll talk about what the big trends are...

Where's the best place to be born?  Where you're born will make a big difference in your life, in your lifestyle, the amount of wealth you can get, and the health you're going to have. That's one of the things we'll discuss in today's episode. For people interested in property investment, John Lindeman has a great cash flow surprise for you.  Then, in my Mindset Moment, I have a lesson for you fro...

Can property investment really fund your retirement?  Will this really be possible at a time when the banks are being stricter with their lending making it harder to grow a significant portfolio and at a time of lower capital growth?  That's what we're going to discuss in today's episode as I have a chat with Pete Wargent. We're going to look at how you can take control of your financial future, w...

Are men and women different when it comes to their wealth habits? The simple answer is yes and in today's episode you may find out a little bit more about how you're wired.  You see… we all have some rich habits and some poor habits, so after this episode, you'll be able to adopt some great rich habits and eliminate some of your poorer habits.  Differences Between Rich Habits of Men and Women #1 G...

If you're a property investor, today's episode is a must.  Why? Because the tax man is after you – you and all property investors.  Recently, the tax department recognized that 90% of property investors' tax returns contain an error. 9 out of 10!  They've found a number of common errors, and today Ken Raiss and I are going to tell you what they are and how to avoid them.  Remember, if you follow t...

Do you want to become rich? In today's show we're going to look at the habits you're going to have to form to become richer, more successful, and get further in life.  This podcast is part of a series I've been doing with Finder.com.au. and in this episode, Mark and Sally ask me some of the same questions that you're probably also been thinking about with regards to what makes the rich different,...

In today's show, I'm going to teach you the most important money lesson you can teach your children to help them become successful in life.   This lesson is relevant to you as well, so even if you don't have children, you can learn something from listening to this episode.   Today's debt equals tomorrow's slavery  Limiting your debt obligations when you're younger will mean having more control ove...

Overwhelm is the feeling that everything is just too much, that feeling that we will never get everything done, that there are too many things in the to-do list at the end of the day and that we don't have the time or the ability to do anything about it. Left unattended overwhelm can led to levels of negative self-talk which take us to the point of simply giving up. It can affect our emotional sta...

In today's podcast, we're going to talk about property management, and more specifically what a property manager does.  There will be some things that surprise you.  We'll also talk about how to select a property manager, because if you're going to build a business, a property business on the side, you've got to have one that doesn't have too many working parts and that works for you even when you...