Episode description
Episode description
Do you know how to make your invisible finances….visible? Or what we mean by “the big rocks in the jar”?!
It’s been a while since we’ve done a Q&A Day folks, and boy we’re covering a lot of ground! We’re answering the questions above, and more, including debunking the “too old to invest” mentality that many people fall into, why it doesn’t work and how it leads to unfortunate statics, like how 73% of all Aussie property investors stop at one property, and 91% stop at 2!
Folks, we need to change this statistic which is why we’re exploring what our question-asker (and you) can do to avoid self-limiting action.
Bryce also lists some great examples of people who’ve only found success later in life; listen in if you need some inspiration.
PLUS, how you can use Capital Gains Tax (CGT) to best benefit you! Yep. We’ve got 2 listeners interested in CGT in 2 VERY different ways…
We’re explaining what CGT is, clarifying whether it affects borrowed money and asset appreciation AND if it’s possible to dodge THE 6-year rule!!! (Don’t know what that is? Tune in to find out )
We’re also hitting a huge pain point of Ben’s, related to why banks treat investors (over owner-occupiers) like second class citizens, and why it doesn’t make a lick of sense to us!
PLUS we discuss the floods on Australia’s east coast and its impacts on the property market. Our thoughts go out to all the people affected by this disaster.
Of course, since it’s a Q&A day there are tons more good stuff crammed in as well.
All questions are listed below folks – so tune in and enjoy!
p.s Remember to send us your tax questions BEFORE the season starts through the Speak Pipe widget found on The Property Couch website. (You’ll find it on the bottom right side!)
p.s.s Did we also mention if we answer your question in the upcoming podcast, you’ll get a free Start & Build course?
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