Dec 29, 2021
If you’re looking for more success in life – be it in your property investing, wealth, or money management, today’s episode of my Podcast is for you.
I’m going to share 2 sessions with you – in the first one, I will discuss 21 reasons many people are terrible at managing money.
And even if you’ve got your finances under control, I bet you’ll learn something from the lessons I want to share.
And then I’ll be chatting with Brett Warren, national director of Metropole Property Strategist about something very interesting he found when he sat down with potential clients of Metropole. He realized that their homes often performed better than investment properties they owned. I’m going to ask him why.
21 reasons you're terrible at managing money
Morgan Housel wrote a great column at Fool.com where he explains that people usually get better at things over time, but there's something about money that gets the better of us.
It's one of the only areas in life we seem to get progressively dumber at.
He then outlined 77 Reasons You're Awful at Managing Money.
Here are 21 of my favourites:
And here's two bonuses one for you:
Why your home may outperform your investments with Brett Warren
My business partner Brett Warren wrote an interesting blog recently explaining what he found when he spoke with potential clients of Metropole who were existing homeowners and also owned one or two investment properties.
He found that while often their homes had performed strongly growing significantly in value, yet in many cases, their investment properties have struggled and, in some cases, fallen behind.
So, today I ask Brett why this happens so frequently.
Brett Warren says that while people may keep fundamentals firmly in mind when looking for their homes, they often overlook them when it comes to investments. Take a look at some of the fundamentals that investors tend to overlook.
If you wouldn’t compromise on these factors when buying a home, you also shouldn’t compromise when investing in a property.
Links and Resources:
Brett Warren – National Director Metropole Property Strategists
Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us
Shownotes plus more here: 21 reasons many Australians are bad with money| Why your home may outperform your investments with Brett Warren
Some of our favourite quotes from the show:
“It’s optimists who are successful in this world, not pessimists.” – Michael Yardney
“By the way, successful investors have a long-term horizon.” – Michael Yardney
“What a neat philosophy – to never quit looking for another way to get where you’re supposed to go.” – Michael Yardney
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