4 Properties To Financial Freedom

4 Properties To Financial Freedom


Ryan: A lot of property content out there
talks about how you can buy 10 properties in 10 years or how you can buy hundreds of
properties in order to become financially successful, but me and ben here want to talk
about something that’s a bit smaller than that and that’s this idea of four properties
to financial freedom and how you don’t need this massive, massive portfolio in order to
achieve your financial goals. You don’t need to have 10 properties in 10 years. You don’t
need to have a hundred and 30 properties in three and a half years. You don’t need this
huge portfolio in order to have success in the property market and in order to achieve
financial freedom and then be able to quit your job and spend time doing whatever you
want to do. So. Hey Ben. Thanks for coming on again today. Ben: G’Day Ryan. I’m actually really excited
about this ep in particular. This is something you and I have been talking about a lot and
I’m excited to sort of dig into it and show people a different way of thinking rather
than more is more like this is a less is more type of approach. Ryan: For those of you who don’t know, Ben.
Ben Everingham is a buyer’s agent from pumped on property and he helps everyday investors
like yourself basically find and invest in great properties that are in a good suburb
that have good cash flow and that have opportunities to increase the value of the property or manufacture
growth. So he is in the thick of it, day in, day out. Him and his team looking at properties
and they’re working with people to help them achieve financial freedom. We’re not talking
lamborghinis here and all of this sort of stuff. We’re talking about everyday financial
freedom where you can earn enough to get by that you don’t need to work, so your time
is freed up to then do work you love or to go and do whatever you want. So Ben’s got
a lot of expertise in this and this concept of four properties to financial freedom is
something that I’m really fond of and that I know Ben is working with a lot of people
this year to help them achieve that. Ben: Yeah. So this, this concept I suppose
originated from conversations that you and I have had mainly you’ve helped me have to
myself. Like honestly when Ryan and I talk, it’s kind of like me verbally dropping stuff
on him and then he asking me a really good question and completely changing my world,
um, that the conversations have really been around. I suppose when you me I was still
working in a job for somebody else. I hadn’t. I was doing this business part time and you
enabled me to realize like I was very, very, you know, go out there and make it happen.
You know, thought I needed 10 properties or 20 properties at that time. And what you’ve
made me realize since then is that time is the most important thing and choices is the
most important things. So instead of going out there and having 10 properties and all
of these debt and all of these stress, it’s more about owning a couple of really high
quality properties that, you know, rent in good times and bad times that I don’t have
think about. Ben: I don’t have to stress it out. I’ve got
a good manager I’ve got insurances in place. I’ve got consistency there and it means that
I’ve got, you know, $80,000-$100,000 dollars a year in passive income coming in, whether
I get out of bed in the morning or not. And that’s enabled me and my family to do completely
different things like take a Friday off now, which is something that trialed last year
and I’ve got really comfortable with now being in a space where just because you know, people
on Youtube and doing crazy things and selling the sizzle all the time doesn’t mean that’s
in line with who I am or what I want. I just, I wanted choices. I wanted time with my family.
So, you know, we’ve been thinking about this and I suppose developing this concept for
a few years now. How can people achieve financial independence without taking on ridiculous
amounts of debt and putting themselves in a really vulnerable position where if the
wind changes, the whole house of cards comes tumbling down and this is the easiest way
I’ve been able to figure out how to do that. Ryan: Yeah. And this really comes from the
heart of we want you to be able to do what you want with your time. Like both, both Ben
and I are family men. We love our kids. We love spending time with our kids. We’ve both
got three kids and beautiful wives, um, who loves spending time with and that is what’s
important to us. And I just think that in the property space and in the money making
space and investment space in general, you just got this over emphasis on just huge amounts
of money and riches and wealth and owning private jets or as I said before, driving
lamborghinis. It’s all about that sort of stuff. But then I look at my life and I’m
like, yeah, I’m a Lamborghini. Wouldn’t make me happy of all the things that I could have
currently. I drive a Honda jazz that cost me about $6,000 and dude, I love that car
that car makes me so happy sure an electric like a tesla or something would make me happy
out because it’d be better for the environment. Ryan: But other than that I’m really happy
with my life and I live a straight back from the beach and you know, kind of a rural area.
Um, but it’s just enough like I’m not super rich or anything like that. I get a decent
amount of money but nothing excessive. But I can do what I want with my time. And that
allows me to do work that I’m passionate about. It allows me to pursue ideas that I find interesting.
It allows me and my wife to spend time to work through our relationship, allows us to
spend time with our kids. And that’s where all I find the happiness in my life. And so
we want to get away from giving people the idea that you need to be super rich to be
super happy because that’s just not true. Ben: And these are the concept around you
need to be earning a lot of money to invest his complete complete like a complete myth
and a complete misconception. I bought my first six properties, I know we’re talking
about a 4 property strategy, I didn’t know that a 4 property strategy was a thing until
like nine properties. And so I sold a bunch of them so that I could go back to a simpler
portfolio. But this concept of being able to do something so simple with a limited amount
of money, like it is not how much you earn, I like what I was trying to get to there is
I did buy my first six properties earning less than eighty thousand dollars a year.
And you know, that is, that’s extreme, you know, some things that I did at that time.
Pretty extreme as well. Like I was very budget focused and very, you know, invest everything
that I earned type focused because I knew where I wanted to be and I had a strong enough
reason to get there, but the reality is like, you know, I bought my first four properties
only less than $60,000 a year. Ben: Like there’s an opportunity to really,
really do good stuff with a limited budget and I know a lot of people that aren’t on
this call are earning a significant, you know, it’s combined income earning a significantly
larger amount of money than that. But what I’m trying to say is it’s not about all of
these things that people sell you in this space. It is really, really about having a
clear plan, having a strategy that is workable for you and having a strategy that’s not going
to disrupt your lifestyle on the way through. Sure. Saving a deposit mains that certain
luxuries or experiences might not be afforded like something in your reality for six month
period while you get the money together. But after the purchase, if you’re buying the right
type of property, it should cover itself, will provide you with some extra income anyway,
like it doesn’t have to cut away from your lifestyle or your, you know, your time with
your family or you having to work harder or make more money. Ryan: And so I think we’ve given people enough
of a reason for this. So let’s talk about the strategy and let’s talk about the specifics
of it. Now I’ll put the disclaimer out there that this is not financial advice. Obviously
see a professional financial advisor before you make any decisions. And also we won’t
be talking about specific prices or property or even necessarily suburbs or anything like
that because we, we recognize that everyone’s situation is different. So there’ll be single
people listening to this on small incomes. There’ll be families listening to this that
be people with large incomes. See, everyone’s different. Everyone’s financial goals are
different. So the types of properties that you choose will be different and the prices
you pay will be different based on what you can afford and what your goals are, et cetera.
So this is just going to be kind of general overview of it to give you like something
to something to nibble on, something to think about, to say, OK, maybe there is an alternative
to 10 properties in 10 years or maybe there’s an alternative to having to be quite extreme
in the way you invest that this is a more simpler approach. Ryan: So without further ado, do you want
to give us the outline 4 properties to financial freedom? Ben: So this concept again is like a very
broad approach today is 4 properties. There’s three phases of this strategy, which I’ll
break down what to do in each of the three phases. And for today’s conversation I’m going
to talk about a 15 year plan. Again, I know there’s people on this call so I can call
on a call. I don’t know why I video this podcast. You’re digesting this, but reading it, there’s
just um, you know, people that want to do this in two years. Cool. There’s people that
want to do it in seven, 10, 15, 30. This is a 15 year strategy. Like speed it up, slow
it down, like you know, you play with the numbers and the timeframes for you. But the
first phase of the 4 property strategy is what I call the accumulation phase. It’s where
95 percent of the work is actually done. Ben: It’s just like an airplane taking off.
It takes a lot more energy to get off the ground. Once it’s in the air, it’s, it’s cruising.
And once you get to that level, you know it’s doing even less. Once you get above, like,
you know, the river, whatever. Um, so you know, this, this first concept is accumulation.
Now there’s basically accumulation is broken into two pieces. One is the first 2 properties
that you buy, they should be quality properties at reasonable prices. You don’t want to break
the bank on those ones. They should be capital growth is the absolute focused. So what we’re
looking for here is a property that can double in value over a 15 year period. Now we know
in 15 years there’s going to be good and bad parts of the market, but we need an average
annual growth rate over 15 years. Ben: Of 4.8% a year, which Sydney, Melbourne,
Brisbane have done consistently or even smash that in the last 20 years. So coming back
to basics, they’re the three markets that this, these particular properties worked for.
Um, so, you know, we go out, we buy always houses because we know that land is where
the value is in property and we buy low maintenance properties that you can put a tenant straight
in and not really think about for the next five, 10, hopefully even 15 years. And these
properties just sit there and you know, they tick away and the long term trend looks like,
you know, 15 years from now they’re worth twice as much as you pay for. And if you’re
a bit more active like I am, you might want to buy a place that you can cosmetically renovate
in the future or that you could add a bedroom or a bathroom too. Ben: But if you’re like 90 percent of the
people that we work with and you just want to set and forget property, then you know,
buying close to the beach or close to the cbd in Sydney, Melbourne and Brisbane at a
good price point where people can afford the property close to transport and good schools,
you know, that’s the type of bread and butter stuff we’re talking about now. Ryan: Does that happen in the first year,
like is that two properties in the first year? Ben: I’ve had clients buy all four properties
in the first year. I’ve had other clients that I’ve been working with now for three
years that have bought one and plan to buy the next one in two years. Obviously the sooner
you buy the first two, the quicker, those properties can double in value. And that’s
ultimately what you’re looking for. Ryan: Yeah. Well if it’s going to take 15
years to double in value, if you buy them both now than in 15 years, they’ll have doubled.
If you buy one now one in five years. The one you buy in five years, we’ll again take
15 years, so you’re looking 20 years down the track, so I guess you could do it slower,
but it might adjust the timeline Ben: and again, I’m looking with a crystal
ball into the future. I have no idea if property prices are going to keep going up. Historically
in Australia, England and America, they have population growth, looks great for Australia
in the next 15 years, but who knows like this is or hoping that the future looks is somewhere
as good as the past it so it could take your 25 years for these properties to doubling
value if you’re not a more active investor, but the way you can shorten that period at
the market doesn’t do what it needs to do is buy something you can add value to and
buy below market value and then sell at the top of the cycle rather than the bottom. But
these are all more advanced things for the videos we’ve talked about before. So coming
back to basics 2 quality properties that the focus is capital growth. Now, if I was buying
those two properties now just starting out, I would want them to be as close to cash flow
neutral as as positive. I don’t want these properties costing people 100, 300 bucks a
week out of their pocket for 15 years. I really want them to be balanced, which means you
can put it in a little bit of a bigger deposit or you can just buy in an area where you know
the rent returns closer to five percent as opposed to two percent in Sydney or Melbourne
right now. Ryan: And the good thing about doing that
if you have it cashflow neutral or cashflow positive is that that then frees up your finances
to save future deposits for the next properties. Is that right? Ben: And it also allows the banks to look
at you in a more favorable way. If you’re losing money hand over fist, the banks won’t
want to know about youth are properties three and four. Ryan: So it’s about getting a set up for properties
three and four isn’t Ben: exactly that. It’s about getting quality
properties in place and buying them at the right time in the right market so that you
can also make some short term growth on them too. And being in a lower risk position, which
is ultimately what it’s all about. The second part to the first phase, which is accumulation
is now going out and buying another couple of houses. I love how I just say go out and
buy another couple of houses like it’s the easiest thing in the world, um, that, you
know, like let’s pretend that all of the challenges that we all face that just wiped. And this
is just a theoretical conversation to the future, I guess Ryan: let’s just assume that people will be
able to work through these challenges because they’re not going to be wiped and there’s
always going to be challenges, but we can generally work through them. So let’s assume
that people can work through them and they can acquire these houses. Ben: So yeh, much better language as always.
So now we go and buy two houses. Now, first house should be, in my opinion, something
around about that $400,000 mark that rents for 400 bucks a week. And what we want to
do with this house after we bought it is we want to build a secondary dwelling or a granny
flat, um, which you know, might be a two bedroom dwelling. You could build it for $110,000,
for example, and it will rent for 300 bucks a week. Now again, all the assumptions aside,
that is ultimately what we’re looking for. And once you’ve got the house and the granny
flat, that’s now giving you a seven percent rent return. And that means that that property
is covering itself and after tax probably giving you based on a five percent interest
rate, a little bit of extra money in the pocket a week to cover properties one and two that
you bought, which are probably still costing you a tiny bit each week. Ben: So that’s properties three and four.
It’s very simple. It’s just the house with a granny flat. So the reason we do that is
we’re looking for cash flow and we’re also not sacrificing growth, so still remembering
that you want quality markets, your Sydneys your Melbournes you Brisbane’s type thing
when you’re looking for those third and fourth properties, that’s the accumulation phase
over. That’s it. That’s the hard work done. That’s all the hard work. That’s 95 percent
of what you do. Yeah. And for buying four properties is a lot of time. It’s a lot of
energy. So those people sitting there with one property now or two properties or none,
don’t worry about 4 just go out and make step one happen. Knowing that step one is going
to link you to two, three and four, no matter where I’m going, I only ever focused on the
step immediately in front of me because that’s the only thing I can control.k Ryan: And I think even though 4 may sound
big, sound daunting to people, the idea that this is a 15 year plan, but the majority of
the work is done in the beginning and then it’s just kind of a waiting game after that.
So yes, you’ve got to put in effort, you got to put in work time, energy, stress or that
sort of stuff, but then once it’s done it’s done. And then you can relax, you can focus
on your career, you can focus on that sort of stuff. You can work on improving the properties
you have, but it’s not like 15 years of striving in order to get to this point. It’s hard work
to get the properties. But we’re not spending, we’re not, it’s not 15 years of hard labor
or something like that. Ben: And that’s what I really wanted to focus
on. I had this conversation with a young bloke and he’s wife last night, um, from woolongong
and you know, he hates his job right now. Like he cannot stand that they’ve just had
a baby. She’s just gone back to work part time and he’s, he’s staring down the barrel.
Like this was his words. He’s like, I just hate, I’d hate my job if I had to work till
I’m 67. And in his mind he’s already locked in this job till retirement. And I’m like,
Bro, if you’re not financially independent based on your income within 20 years from
today, we never had this call tonight because everything can change over 20 years because
it’s such a long period of time. It’s, you know, you’re thinking about it. It’s from
the time you were born to the time you almost finished university or your trade or whatever
you went and did with you yourself. Like it’s such a big period of time. Ryan: Yeah, dude, I just got goosebumps because
my whole, I’ll just have this like mental shift in ideas because I know that there’s
a lot of people out there who completely hate their job, but their job earns them a decent
amount of money. Maybe they’ve gone to uni and studied and so they’re in a high income
sort of job. They’re looking down the barrel and this saying it’s going to take me 15 years
or 20 years or I’m going to have to work till I’m 67 in this job that I hate, but I need
that job in order to be able to invest in properties or in order to get by and because
the hard work’s done in the first four properties, these people could stay in the job they hate
in order to buy these four properties and then are effectively, they’ve set up their
financial freedom goal for 15 years or however long it is, but then they can move on and
they can stop working in a job they hate. Ryan: Yes, they’ll still need to get a job,
but there’s not the pressure that they need to earn enough money to grow their portfolio
and stuff like that. The portfolio is going to grow now. They just need to earn enough
money to get by and to pay their way to pay for food and rent or whatever it may be. So
that’s taken 15 years of a job, hate down to maybe a few years of a job. You hate to
buy these properties and now you’re freed up to pursue work that you might enjoy that
will still pay the bills. You might not be rich, but those properties are now working
in the background and you don’t need that crappy job anymore. Ben: That’s exactly the convo with him. Last
night I said, if you are smart for the next two years. Ben: If you’re smart for the next two years.
You can accumulate these properties because he’s got good equity in his home and he does
have a good income and then you can go and do whatever you want to do without fear. You
know that you’re going to be financially independent in the future. If it takes 10, 15, 20 years,
you’re going to get there. He’s only 28 years of age, man. Fifteen years from now he’ll
be 43. You know what I mean? If you’re 40 now, 15 years from now, you’d be 55, which
is still 12 years before everyone you know is going to be even thinking about retirement.
You know, it’s just this concept and he can. He doesn’t need the income once, he’s not
saving and borrowing money, like his portfolio is going to be completely balanced and pay
for itself up to about a six percent interest rate. Ben: He can take the pressure off, he can
jump into what he really wants to do. He was an electrician. I’ve got heaps of mates who
are sparkies. He’s like, he just hated it for whatever reason he never wanted to do
at his dad forced him into what he said, but he wants to go out there and do volunteer
work with the ses and get a paid position looking after the members because that’s his
passion right now is only good income. But if he’d bought the properties, he could kick
back to 50 k a year, a basic wage, go through the apprenticeship, you know, again, learning
those skills in the office that he needs to build to work back up to a hundred k, which
he could easily get. And you know, two years, two years isn’t long if you’ve got a very
focused goal. Like when I used to go to work doing stuff I hated for people that are literally
despised, I would have a very, very focused goal because I was buying the property, I
could get through it as soon as I bought the properties that are needed to do what I want
to do, started this business or as soon as ryan kicked my butt and start their business
properly. Ben: But you know, it’s, that’s accumulation
and you know, you don’t have to go to 4 properties. This 4 property strategy can really be 2,
if you don’t feel comfortable buying properties that don’t cover themselves just by two houses
in a granny flat to them and you know, pay principal and interest for the next 15 years
and without even knowing it, you pay 50 percent of the property when you get an increase in
your job and your wage, pay 50 percent of that extra money for the next 15 years onto
the property and leave it up with the other 50 percent. Like there’s so many different
ways to do this. So now we go to phase two, which is consolidation. This is the boring
waiting phase and this is why most people are not financially independent because they
sell too early. They freak out during a property cycle, the worst, the worst depressions only
last three to four years. Ben: Hold through it. Rent always increase
during a shitty period of price growth. Just because the price of a property is in growing
doesn’t mean the assets are bad. One over 15 years during the last recession in Australia,
the average property price growth over the 20 years, 10 years before, seven years after
it now has still been in Sydney, eight point seven percent a year. You know in some, in
some suburbs in Sydney, property prices went down by 30 or 40 percent. Like don’t stress
about all that stuff. It’s a long game and most people get caught up with it’s the top
of the market I’ve got to sell. It’s the bottom of the market or you know, if I sold this
property I’d have 500 k day that you still wouldn’t be financially independent. Ryan: I remember looking at the stats where
we looked at was at the 46 years of property data across the major cities, Sydney, Melbourne,
Brisbane, Adelaide or something else was in there. I can’t remember. And looking at the
recessions and looking at when property prices went down and in some areas property prices
will drop about a hundred thousand dollars or something like that and looking at how
many years it actually took for the average property price to go back up to the high that
it was out before the drop and people would be surprised with how short it was. In most
cases it was two to three years or even less. There were some cases are a bit longer, four
or five years Ryan: or something like that, but nearly 90
percent of the time or something like that. It was really short. So I think in accumulation
phase people need to just hold on Ben: consolidation phase. Yeah. You’re crook
as Bro, I can’t even believe are doing the consolidation phase. It’s just about trusting
that it’s going to work out for you. And so what you do once you get your consolidation
is you’ve got your 4 houses, two of them with granny flats, hopefully bought smart in an
area where you’re not getting absolutely smashed from a rental perspective and your portfolio
is not costing you anything so you can just keep living. Now, what I do during consolidation
phases, like I don’t like debt personally and I know there’s a lot of other people that
don’t feel comfortable listening to this. Um, for all of those people that loved debt,
you know, teach me what I do is I start paying principle and interest off the first two properties
that I bought, the ones with the worst cashflow without the granny flats on them. Ben: And then what I started doing is I set
up offset accounts, which is basically just a savings account attached to the property.
Um, and I’ll start putting my extra savings into the offset account against one of those
first two properties, which means effectively pay a little bit less interest over the 15
year period on that property. So we can talk about offsets in another video, anyone can
google it who doesn’t understand it, but I know most people listening to this will already
get it. Um, and so all it’s about over that 15 year period is consolidating, reducing
your debt, but that’s also the opportunity to change careers or do something you love
or cut down your wage or you know, because you don’t need the income like you did during
the first phase of accumulation. So it’s pretty boring. You just sit there, you just pay off
debt, you focus on living it out with your family or whatever you want to do for the
15 year period. And then the third phase and the final phase Ryan: before you jump into the third phase,
I just want to highlight that during this 15 year period, there are opportunities to
increase the rental income in your property. So if you bought in the right area than overtime
rents go up, which means you’ve got more income coming in, which hopefully allows you to then
put more money into an offset account or to pay down your loans more on that property.
It can also be a good time during this period as well to maybe do some renovations, cosmetic
renovations, if you haven’t already, in order to increase the rental income, once you get
in a pretty good position over the course of a couple of years, you might have enough
money freed up to then be able to do that and to increase your rental yield further
to help you pay off more debt so there’s things that you can be doing in this time. You can
just sit on it and hopefully rents will naturally go up, but you can also be more active as
well to improve the properties you have so that they’re giving you a better return while
you’re holding them. Ben: It’s a hundred percent. Like if it was
me and I was following my 4 property strategy, getting to the point where I’m the properties
because that’s the most important thing, and then adding as much value to them without
over capitalizing as I possibly could to get the rents up. Generally when you’re going
to borrow money for a few properties in a five year period of time, you’re going to
know you’re not going to get in the best interest rates, but once you’ve got them, once they
can save your cash flow stable and the property is it good and you’ve got history there. That’s
also a big opportunity to go down and reduce the cost base. Go find better managers at
cheaper prices, go find better insurance at cheaper prices, go, you know, refinance properties
so that you’ve got the best possible interest rate and you know, do all of those things
that, you know, it’s not just about increasing, it’s about decreasing as well. Ben: And there’s a big opportunity there.
Like last year alone across four properties I’ve refinanced and it ended up saving me
35 grand a year in interest. Like it’s just insane what you can do once you get to that
point where you’ve got some leverage as well. Um, and your portfolio’s going to look really
nice to a bank because the properties a balance from a cashflow perspective. And I can see
that, you know, there’s some, probably even some surplus money coming from there if you
do it right as well. So we get through consolidation phase two and then we get to phase three,
which is this, um, lifestyle, you know, I call it debt reduction, lifestyle phase, which
is where we all want to be in, which is what really pulls you along. Like that’s the vision
of, you know, I get to live my life on my terms for the rest of my life. Um, and at
that point it’s very simple. You sell properties one and two and you pay off properties three
and four completely outright. And if you’ve done this right, you might even have some
extra money left over. And then you, you know, decide whatever you want to do, you’ve got
choice at that time, whether you keep working or taking a year off or do whatever it is
that’s meaningful for you. Ryan: And even at this point, there’s options
based on where you’re at. Let’s say you want to wait a bit longer. You don’t need the cashflow
straight away because you found a job that you like, you might want to hold onto properties
one and two longer. You might want to just try and pay all four properties off over time
yourself, so your own 4 outright. So there’s flexibility here that you can sell off one
and two to pay off three, and four and own them outright with no debt, which a lot of
people would absolutely love, but then if you’ve got more time and you’re happy to wait,
you don’t need the cash flow from them yet. You can take that cash flow that you’ve gained
over those 15 years and you can use that to start reducing debt. And so eventually you
can own all four properties as well. So it might take you longer to get to be able to
live off the properties, but then you would, I guess being in a better position at the
end of it. Ben: Yeah, and you know, a lot of people like
to sell properties. That’s another one of the things that we’ve all been taught and
it’s absolutely going to disrupt your long-term wealth position. Um, but man I’ve made my
peace with selling properties is OK because I want to be financially independent like
it now as opposed to 30 years from now. So everyone has to come to terms with that. Your
portfolio, after 15 years, if you do nothing more than the four properties is going to
be so nice on paper, it’s going to be so easy for you to maintain. It’s going to be well
and truly positively geared by that time because of the increase in rents and the reduction
of debt that if you want to hold it, you hold it. But this is a strategy to do it. And I
talk to people every day that could be financially independent now complaining about their jobs
that aren’t prepared to pay that trigger because of something that they might lose in the future.
That’s paper, you know? Ryan: And that’s totally, it’s really situationally
dependent because I guess I’m thinking about it from yours and my perspective. I love my
job. I can’t imagine not working. I want to work and I really enjoy it. So if you’re in
that position and you have a job that you enjoy and you think, if I was financially
free, would I keep working? And for me the answer’s yes in that position, then you could
hold it. But yeah, if you’re in the position where you’re like, my job sucks. I hate my
life, that’s going to affect so many other areas of your life and bring your whole happiness
down and it would totally be worth selling so that you can live off that money today
and you can pursue things that you enjoy that make you happier as a person, which will again
make you a better spouse and parent and all that good stuff. Ben: You know, there’s two reasons why people
work towards financial independence and we’ve talked about all the reasons why people are
pulled to financial independence today, which is, you know, being able to have choices,
spend time with the people you care about, train more, travel more, contribute more volunteers
or start businesses, do a job they love. But you know, my motivation isn’t the pull. My
motivation is the push and the fear of where I would be if I don’t take these actions and
so the challenges that I face you have, we all have different experiences with this stuff,
but I’m, I’m motivated very heavily by fear. Still like I am afraid of debt. I don’t like
the thought of not being able to produce a consistent income. Like I am scared of the
thought of being on the pension. Like that scares the absolute hell out of me. Ben: I’m scared of not having choices when
the economy goes down. I’m scared of not having choices when the economy goes down to actually
go out and buy stuff really, really cheap, you know, like. So this, there’s two ways
that people are motivated and regardless of where you’re coming from, the people that
actually achieve financial independence, like you and I are both in positions now where
we have a lot of choices in our lives that we’ve created for ourselves. Doesn’t stop
me working 60 hours a week because I love this stuff and I’ll do that 60 hours over
four days. But I love showing up and doing it. I love recording these with you. I love
talking to people about their situation and helping them. I get a kick out of it all and
it doesn’t feel I haven’t worked a day in like three years, like yeah, there’s been
some really hard long, shitty days, but there’s also been so much more upside too. That’s
nice to know that even though we are in financially stable positions, there’s a reason to get
out of bed still. It’s just a different one. Ryan: Yup, and so we hope that this idea of
4 properties to financial freedom really releases you in your life to say that this can be done
more simply that the hard work is done over a short period of time so you’re not looking
down the barrel of something that’s going to take a lot of hard work for an extremely
long period of time. That if you’re smart with your choices in the beginning, that you
can really set yourself up in the future and then it doesn’t have to be this big ordeal.
Yes, there’s a lot of roadblocks. Yes, there’s a lot of challenges to investing in property
that you’re going to need to work through the stress that comes with it, but hopefully
as you can see from this episode that it’s achievable for basically we hope everyone
out there or if not everyone, definitely a lot of people, so if you’re interested in
this 4 properties to financial freedom but you want a bit more help yourself, then Ben
and his team over at pumped on property are offering free strategy sessions to listeners
have on property. Ryan: So that’s you and you’re like, yes,
I’m pumped about this. This is where I’m going. So I’m excited that this sounds good. This
sounds achievable for me that I could actually achieve financial freedom, but you think I
need some help with that because that would be pretty hard to do by myself. I need some
help. I need some guidance. Then head over to onproperty.com.au/session and you can book
a time with Ben and his team from pumped on property over there and you can talk through
the strategy with them and then obviously if it’s a good fit you can hire their services,
they can help you buy these properties or you can go on your merry way and you can do
it yourself and you’ll have a strategy behind you. So again, that’s onproperty.com.au/session
if you’re interested in that. So thanks so much Ben, for coming on today and sharing
this. I got goosebumps in the session Ben: that hasn’t happened before. That’s awesome.
All right guys, thanks so much. Ryan: And until next time, stay positive. Speaker 3: This.

10 thoughts on “4 Properties To Financial Freedom

  1. I have just started building my own house ( not literally) and cannot afford to even think about an investment property, which means i missed out on a potential buy of a house which had what wouod be the backyard on the side of the house, so perfect for that dual income potential. Hope by the time i can invest i see more opportunities like the one i misses.

  2. I was listening to this guy 2 years ago when I bought my first Investment(Already had a house)…Now it has doubled…Trying Num 2 now.

  3. so let me get this right boys, we need to buy the right properties at the right time in the right location, "buy below market value and sell them at the peak rather than bottom of the market", buy at higher yield than what the current market rate gives. Eureka!

  4. Guys. I love what you guys are trying to do. However. The last 20 years of capital growth isn't the norm. We've been living through an unprecedented private debt expansion period that's come to an end. The next stage will be the RBA cutting rates and printing money. That money will firstly go into bonds then shares then trophy properties.

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