Hey folks , welcome back to the Property Couch . Ben and I are here just to touch base with you about something that we're super excited to chat about with you today .
But before we get there , ben , it might be worth setting this conversation up with some of the observations that you have , as a property investment advisor , around the concept of people playing the game of money and playing the game of investing , and how it's easy to fall into the trap that we're all playing exactly the same game .
Yeah , I think it's a really important point that you raise there , Bryce . I mean , you know , no two households that you sit down with have the same value sets , have the same interests , have the same goals .
But we all have sort of some of the bigger goals , which is financial security and , you know , wanting to make sure that our family and loved ones are safe and healthy .
But when we start to unpack the story and we start to look at how those sort of nuances play out , the journeys are all completely different , and so I think it's worth highlighting that and making sure that people understand that . You know , no two scenarios are the same in terms of how we deal with those particular households .
And then it is , you know , the joy of the work that we do and the humbling work that we do is around then starting to sort of work on those nuances and the sequencing about how we get to the goals that they're trying to get to .
Yeah , and something that you might think is amazing might be absolute torture for me . We've joked about this a fair bit , but imagine if I was at the MCG with you a few weeks ago and Collingwood won . That is my definition of torture and your definition of exhilaration , right ?
Yes , so it's just a little tiny example of someone like you and I who spent over a decade hanging out with great mates . But there's things that you like that I don't , and there's things that I like that you don't , despite the fact that we get along so incredibly well .
So , if you think about that in the context , for a lot of people they've got families different , the jobs different , different life experiences , different role models , different risk tolerances . Your social aspirations might be different to mine , what you want for work , life balance , career there's just so many things that make you and I different .
But it's easy to assume that you and I are playing the same game . We're not . We're playing a similar game and we're probably in the world of people that we rub shoulders with . We're probably walking the same path together , but there's things that you want to do with your money that I don't want to do with mine and vice versa .
So I think that what we're trying to say here today is let's just dumb it down to what our game of money is for this podcast is for everyone to get to the finish line that says they've got $2,000 per week passive income .
What we want to say is not everyone is going to get there the same way , and we have got this awesome analogy that we use within our business when we talk to our people is the Google Maps analogy bin . We want to get from Melbourne to Brisbane , or Melbourne to Sydney , or someone who's over in Perth might want to get from Perth to Adelaide .
Whatever it is , you both have the same destination . You are where you are right now and you want the same finish line , but the route to get there can be so incredibly different for so many people .
Yeah , I mean picking up on your analogy before . Sometimes you are on the freeway and you see one of those brown tourist signs that says turn off to Corio Castle or something like that .
That would be the last thing I would want to see in terms of a castle , whereas I might want to turn off because there's a vineyard or something like that , or a great lake or a weir or something that has more natural . But for some people castles could be their thing and manners could be their thing in terms of that .
So that's a perfect example that you just talked about there , in terms of the pace in which I want to potentially get to my destination , but also the stops that I want to make along the way . Maybe there's a strong interest from the family to call into a chocolate factory .
I'll probably call into the gin factory as an example , or the boutique beer hall or something along those lines . So perfect examples of what you're talking about .
Yeah , I don't drink beer . I haven't drunk since 2016 . So to turn up to a craft beer would be something that you would get a lot of joy out of and I probably wouldn't get the same amount of joy out of . So what are we saying here , folks ? The easiest analogy is sports . I think , to land this plane , the easiest analogy is sports .
I remember being exposed to the concept of if we said to someone that they were a power lifter and someone was a marathon runner , would the marathon runner criticize the training technique of the power lifter and would the power lifter criticize the technique of the marathon runner ? And chances are any reasonable person wouldn't criticize it . Because they go .
They're playing different games . This person needs to bulk up to lift as many heavy things as they can above their head , and this person probably needs to lean and be able to use their aerobic capacity to run 42 kilometers in a shorter period of time as possible . So they are not playing the same game . Most people can go . Of course I'll do .
Well , why is it so difficult when we think about money , that people are playing different games ? The things that you need you might need $200,000 passive , whereas someone else might be happy on $30,000 passive .
What you need to get as an experience will be different to what I need to get as an experience , and the quicker that we can get people to understand that and have that sense of that Google map where you go in there and you put your destination and your own starting point and then you design the road that you want to get to .
If you just use Melbourne to Sydney , for example , you can go the coast road . You can go as quick as you possibly can . You could go the coast road and then deviate and see some family along the way .
Ben , you might go , or you and I might drive from Melbourne to Sydney we both got the same destination but you might want to stop at Yarrowonga to say good day to mum and dad , whereas I'll go .
All right , mate , I'll meet you in the next town , or I'll see you I'll be there a day ahead of you or I'll go to a different town and you'll end up there a day ahead of me , but I'll see you at the end destination that we've talked about , that we're going to meet at .
So that is what the game of money is , and the reason we wanted to have this quick chat today is . Some of the things that we've been up to of late is creating a course that allows people to see Two well , not two , in fact , seven people different scenarios where they've all gone . This is the starting line for us .
The finish line is $2,000 per week , but we all play totally different games and there are very many different ways that you can take to achieve the same outcome , so we're excited to talk to our community about it then .
Yeah , we are . I mean , what we've done to make it easier for people to comprehend is we've looked at different household formations . So we're talking about sort of double household income no , kids , families , single people and we've also looked at age profiles to be able to give some relatability to it as well . So , you know , bryce mentioned the footy .
We both relate strongly to footy , but I just relate to a certain team and Bryce relates to a better team in his mind . So that's an example of those particular stories . So I think it's just really important that we give you the education around a starting point so you can understand , okay , how are we traveling on this journey ?
And , as a sidebar , I also think it's really important that we understand that what we're teaching you from an investment point of view in this new course and how we unpack this course , is this is property investing . So this is about investing in property .
So if you're thinking about what game do I wanna play , like you know coming back to Bryce's lifting analogy or long running in it , you gotta find your right sport . And really , you know property is such an excellent , traditionally low risk type investment as well . So we take the investment vehicle , we take the household formations .
And then we basically start to Bryce's point at start , position A , and then we go on this journey . That is your journey but you know , giving those relatable insights is gonna be able to help you on that pathway .
So what I wanna do , ben , is just encourage the people listening to this part of our community . We're often trying to find resources that can empower our people and give them opportunities to reach that same finish line of $2,000 per week . We wrote a bestselling book back in 2016, .
The Principles are Evergreen and chapter 10 is where we get a lot of feedback , ben . We did six case studies where we tried to get as many different people playing different games as we could think of at the time to give a cross-section . So what we did is we set ourselves the challenge to go all right .
So we achieved the goal , because that was groundbreaking back then , ben , if you remember in 2016 , being able to show people how to have a plan with all the graphs and how you could get all those moving parts together so that people could actually have something that they could take away .
So what we've done is we've actually got the case studies that we wrote back in 2016 , and you've worked through them using our proprietary software , our simulator , so that you could recreate that .
You've also then done a second version , which actually brings the same circumstances up but shows all the changes that we've made in the meantime , so that it's actually got all of the tax scales and all the changes now .
So all six case studies have that and we did a bonus one , ben , because we felt like we probably missed an avatar or a particular part of the demographic . So what you don't get in the book and you get in this course is that seventh one that you unpack as well .
Yeah , I mean , look , this is all about education and going on a knowledge journey , because we wanna turn knowledge into action and so , again , bringing these case studies to life is hopefully another step forward in that knowledge journey .
So you can also see that it's plausible and possible for you in terms of how you're able to get there and having that end goal of $2,000 a week .
That's just a you know that's an arbitrary number that we've set up to try and say you do that , you're in pretty good shape in retirement and you'll have your time , but you'll also have an enormous amount of money that will allow you to do some of those experience that will bring you great joy and memories for your family .
So you know , from our point of view , it's our way of sort of paying it forward to allow you to be able to do that and of course , it's available now .
So check it out , folks , if you go to thepropertycouchcomau forward slash case study lower case or one word and , as Stiggy likes to do , there's a backup bin . So if you accidentally go there and go , what was it again ? Was it case studies ? If you wrote case studies you'd actually get to the same point .
But if you go to thepropertycouchcomau forward slash case study , just go and check it out . Go and have a look , see what you think . We've offered it a heavily reduced price bin because we always launch it only once a year at a reduced price so we can maximize the amount of people that get access to it .
But we're really passionate about this course because If you can actually sit there and see what it takes and some of the nuances and some of the thought processes that have gone through your mind to arrive at those decisions , to actually see that and effectively be Looking over your shoulder at that , I think is Invaluable .
So , folks , I definitely want to encourage you to go and check it out . So if you go to the property couch dot com dot au forward slash case study , you'll see all of the avatars that we've gone through you . We've got a video there . You'll see some of the features . You can just land there and check it out . But we think for the price .
If you think about what Ben's hourly rate would be , it's ridiculously affordable for people to go and see that and get access to it , and we we really want to see it as an opportunity that we think will help more people better understand what it takes to have Conversations over their dinner table , men , with their significant others and their families , so that they
can actually do . The very thing that we Get a lot of joy out of is helping people find a roadmap to get their time back so that they can live a fuller Life with the experiences that they want to do . So any closing thoughts on on what we've built there with the name of the course is unpacked how to retire in $2,000 per week .
Just some closing thoughts for me , right .
Well , I think I think you know the observation of thing I've always said is that if you can use these teachings to Start to work out what's important to you and what you're trying to achieve , and you pull away , you know , first of all you pitch yourself in the one that's your avatar effectively , but then you start pulling those things out .
But I encourage you to actually watch all of them because you'll see some of the unique techniques of how you optimize for those plans . So it may not be relevant directly to you , but it may inspire a thought about or an understanding or an aha moment in terms of how it might relate to you .
So that's why we've released all of them together to allow you to basically build a broader knowledge set .
You know , what we've always talked about and pretty much what we're about 100% is that that perception of the impossible and Turning that into the reality of possible is what we're trying to achieve here folks , it's an exciting announcement where , first time , we've offered this course .
We want you to get your hands on it . So if you go to the property couch commcom forward slash case study , we will be excited if you were to take us up on the offer to get access to it so that you can see it . But Then it's . It's lots and lots of Head miles and lots and lots of hours have gone into it .
It's now succinct and available now first time . So if you're part of our community and you've received value up until this point of some of the information that we've been able to provide , we reckon you're gonna get a lot of value out of this . So we want you to check it out . Folks , go to the property couch commau forward slash case study .