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Michael Yardney Podcast

Insightful, educational and always interesting

Listen and learn from Michael Yardney, Australia’s most trusted property commentator and a group of experts as they discuss Property Investment, Success, Money and Finance to help you multiply your wealth.
While Michael is best known as a property expert, he is also Australia’s leading authority in the psychology of success and wealth creation. You’ll enjoy the way he challenges traditional finance advice with innovative ideas on real estate investing, personal finance and wealth creation. 
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Jul 17, 2017

Welcome to episode two of the Michael Yardney podcast.

 

Today, I’m going to discuss three things. One of them is a very common thing I get asked.

 

  1. Is it too late to get involved in property investment at this stage of the cycle?
  2. Difficulty getting finance from the banks
  3. A lesson that changed my way of thinking about all sorts of things not just property investment.

 

Today’s discussion includes:

 

  • What other factors to consider with investing besides timing
  • Countercyclical investing
  • It’s not the external world that determines if you make money, it is something inside
  • If you are waiting for the perfect time to invest, the timing will never be perfect for you.
  • Buying properties when everyone tells you not to
  • You are not buying the market, you are buying an individual property within that market.
  • Maximize your profits in the upturns while being prepared for the next downturn
  • Why it takes the average investor 30 years to become financially independent
  • Sometimes the right thing to do is nothing.
  • Buying one property each year is unrealistic.

 

Mindset Message: Don’t Wish It Were Easier Wish You Were Better

 

  • When life happens we can choose to be the victim or the victor. We have to be able to face a changing landscape daily.
  • Our mindset and our passion for improvement every day through consistent action will set us apart from the average person.

 

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