show episodes
 
Each episode lasts around 15 minutes (as short and succinct as possible) and contains tips, strategies, research, methodology, case studies and ideas to help you build wealth safely and successfully. Stuart Wemyss is a qualified independent financial advisor, accountant, tax agent and licenses mortgage broker allowing him to provide holistic advice. He has authored four books with his latest being Investopoly & Rules of the Lending Game. Stuart writes a weekly blog which is reproduced on thi ...
 
Are you looking for financial freedom or more choices in life? You're in the right place. Twice each week Michael Yardney shares smart property investment strategies as well as the success and personal finance secrets of the rich, in around 30 minutes. MIchael has been voted one of Australia's top 50 Influential Thought Leaders and while he is best known as a real estate investment expert, he is also Australia's leading expert in the psychology of success and wealth creation and a #1 best se ...
 
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show series
 
One of the most significant changes in the time I’ve been investing in property, and that’s close to five decades now, is the availability of data. When I first started investing in the 1970s there weren’t any blogs, podcasts, YouTube channels and the only way to get property data was to be part of the secret inner circle – which was then a men’s c…
 
If you want to take advantage of our property markets and become financially independent, today’s show is for you, because I’ve got 3 segments during which I share a number of concepts that will help you along the way. First, we discuss whether property investing is an art or a science. Spoiler alert: it’s both. But you still need to listen to the …
 
The internet and newspapers are awash with stories of properties selling for amounts wildly above reserve. Such news can create FOMO and fuel buyer demand. But buyer overexuberance is rarely sustained for long periods of time. My feeling is that price growth will level out this year and I set out the reasons why below. Properties can sell above res…
 
With the property markets surging around Australia, people are starting to ask is this more than a just a property boom? Are we about to enter a property bubble? That’s what I’m going to discuss today with property researcher John Lindeman, and we’ll explain the difference between a boom in the bubble in what we believe is ahead for a property mark…
 
Who do you ask for property advice? With so many mixed messages and so many people out there with property advice, who can you trust? Today I’m going to teach you the ten-meter rule, and suggest you never break the ten-meter rule when getting property advice. The rule will also stand you in good stead in other situations where people are willing to…
 
The word ‘holistic’ is defined by Oxford Languages as “characterised by the belief that the parts of something are intimately interconnected and explicable only by reference to the whole.” This definition implies what a holistic accountant is positioned to offer you the most value. But not all accountants are able to adopt a holistic approach. This…
 
Just like 2020 was the year of surprises many of us didn’t foresee, I believe 2021 will offer its own surprises – but this time, on the upside. There is a perfect storm of economic outcomes and that’s what I’m going to be chatting about with Pete Wargent in today’s show as we have a look at the macroeconomic big picture that will affect our propert…
 
Almost everyone is predicting that property prices will surge higher this year. In fact, the newspapers are already full of stories about properties selling well above reserves. Low stock levels are partly responsible for the currently exuberant property market. That exuberance might cool as more stock becomes available. But the RBA and the governm…
 
As we move into a new property cycle, a whole new generation of people are going to become financially independent through property. So, today’s show is going to be dedicated to helping you become one of those. I’ve got two segments for you today. The first segment is a chat with Brett Warrant about 10 questions you should ask yourself when you’re …
 
There is no doubt that our property markets are in a broad-based boom, with almost all segments, other than the inner-city apartment market showing strong property price growth. And the media is having a field day whipping up a frenzy of emotions with headlines causing some buyers to worry that the housing market is running away from them. In fact,…
 
It is alleged that Sydney-based financial advisor, Melissa Caddick stole $25 million from her clients. She has recently gone “missing”, leaving a trail of disaster for her clients and family members. Many con artists are very cunning and go to great lengths to conceal their wrongdoings. But there are a few simple steps you can take which will virtu…
 
Have you considered getting involved in property renovations? If so, then today’s show is just for you. Making a tidy profit renovating a property seems like an attractive proposition, doesn’t it? And that’s why more real estate investors are turning to renovations: you know, buy low, renovate cheaply, add substantial value. That’s the aim of their…
 
As we move through 2021, we’re still getting regular reminders that even though life is more normal, the effects of Coronavirus will be with us for a long time. While some people are still looking back in the rear vision mirror to see what lessons we can learn to give us some guidance for the year ahead, today I’ll be looking forward into the futur…
 
Do you realise that $10,000 invested in Bitcoin 5 years ago would be worth over $1.1 million today? Makes you think, right? With lockdowns occurring almost everywhere around the world, no one is travelling and AirBNB’s business has been decimated. Yet, its share price has risen by more than 40% over the past year, and it is currently worth nearly $…
 
Success is no accident. The most successful people in life – whether in business, family life, music, or on the sports field – may not always seem like they have much in common. How are The Beatles similar to Steve Jobs? Or Warren Buffett and Shane Warne? But when their traits, habits and work ethics are distilled down, these unlikely characters sh…
 
Property values can’t keep rising! It’s all a Ponzi scheme and is going to come crashing down around us! The only reason our property markets have survived COVID-19 is because of bank and government support. That’s some of the commentary you’ll find in the media and over the Internet at present and on the other hand you’ll find many experienced pro…
 
Choosing the right accountant can make a world of difference. A proactive accountant will share tax-saving and wealth-building ideas, be available to answer questions during the year and ensure you never end up in the ATO’s ‘bad-books’. Common complaints There are two common complaints about accountants. Firstly, that they don’t provide proactive a…
 
Have you ever wondered how certain people become so rich and successful? Well, if you’ve been listening to my podcast or reading my blogs and my books, you’d know that rich people don’t become rich by luck or by accident. Becoming rich requires hard work, dedication, and a certain set of habits. We are what we repeatedly do. That means excellence i…
 
Navigating the world of personal finance can be overwhelming, even for an adult who has quite a bit of experience in the working world. Yet with some smart planning, a good strategy, and an understanding of the basics you should be able to develop the money-management skills you need to get your finances under control. And that’s what I discuss in …
 
If the recent property price growth predictions become reality over the next couple of years, more homeowners may become ‘priced out’ of their desired location. What might be affordable today, could quickly become unaffordable, as prices can rise quickly. Sometimes it’s not possible to buy your dream home in one fell swoop. But do not despair. A st…
 
How do you evaluate the investment potential of a particular property? Well, that’s what I’m going to share with you today as we I share 5 metrics that we use at Metropole when discussing the investment potential of properties that we’re considering showing to our clients. But I’m also going to share 1 metric that you probably think is important, b…
 
No one expects 2021 to be the same type of rollercoaster ride as 2020. And while there’s plenty of good news for our economy and our property markets, it’s important to remember that considerable uncertainty remains and the extreme dislocation to many businesses over the past year will take time to resolve. Now the general optimism is well-founded.…
 
Exchange Traded Funds (or ETF’s) have become very popular, particularly over the past 5 years. In fact, the amounts invested in ETF’s has doubled over this time. Last year (2020), Australians invested over $20 billion in ETFs. It is true that there are some advantages to investing in ETF’s. However, of course, not all ETF’s make good investments an…
 
Would you like to know where the property hotspots are going to be as Australia enters some semblance of normality in 2021? Or maybe you’d like to know exactly where property values are going to end up at the end of this year. Now I know that’s what a lot of the other podcasts are currently offering you, so I’m sorry if I’m going to disappoint you,…
 
As we enter a new year, many of us will be focusing on the strange year we've had and trying to extract the lessons we've learned. Rather than do the same, in today’s episode of the Michael Yardney Podcast I’d like to remind you of some of the foundations of lifetime investment success with Stuart Wemyss. Now to be clear… this is very different to …
 
It is generally an accepted investment principal that diversification can reduce your risk and improve investment returns. The common vernacular is, spread your eggs amongst various baskets. I would agree with this principle, so long as it doesn't result in deterioration of investment asset quality. Sometimes property investors should not diversify…
 
What’s ahead for our property markets this year? Is it time to be fearful or time to be greedy? We survived 2020, and 2021 is going to be another interesting year with a lot of positive things happening, but there’s no doubt will have our share of challenging times, because even though we are over the recession there it will still be fallout from t…
 
While many markets suffered from the economic impact of COVID-19, Brisbane’s property values remained resilient last year, and now almost all property analysts are suggesting that Brisbane’s housing markets will perform strongly in 2021. On today’s show, I chat with Brett Warren, national director of Metropole Property Strategist based in Brisbane …
 
One good financial decision will have positive consequences. But five good decisions in a row will be life changing. It will create a lot more than five times the positive outcomes than one good decision will. That’s because good decisions are a compounding asset. Our lives are a sum total of the choices we have made - Wayne Dyer. When it comes to …
 
With interest rates near zero, Australia’s economy rebounding, and pumped with massive amounts of stimulus, and the coronavirus all but eradicated from our shores, our property markets are looking healthy and starting the year off on a strong footing. The stats show that after the nation went into lockdown last year, national property rates fell ov…
 
Would you like Life Time Wealth? Well…today we’ll explain what that means and how you could achieve it as I replay a chat I had with my good friends Louise Bedford and Chris Tate from The Trading Game and we discuss the concept of true wealth. This is the last of the summer series of podcasts where I’ve been running three shows a week rather than t…
 
During his five years studying the rich and the poor Tom Corley identified 10 hard truths about the wealth gap that no politician or member of the mainstream media would dare reveal. And as I share them with you today, you’ll probably get a few surprises. These aren’t just our thoughts. In his 5year study, Tom asked 361 rich and poor people 144 que…
 
A common question people ask is, “can property values continue to rise at the same rate which they have over the past 3 to 4 decades?” The short answer is no, they cannot. Mathematically, this is unlikely to occur as incomes are not rising at the same pace. I came across the interesting graphic/visualisation (below) which sets out how property valu…
 
How wealthy are you? I guess that depends upon how you define wealth. In today’s podcast, I chat with demographer and social commentator Mark McCrindle about wealth distribution in Australia. We talk about what’s happened to the wealth gap between the rich and the average Australian, and we answer the question “are we better off financially than ou…
 
I’m often asked what are the big lessons I’ve learned from investing in property for close to 50 years? Probably the most important lesson I think we can learn is that the market is driven not only by the fundamentals but also by the irrational and erratic behavior of an unstable crowd of other investors and homebuyers. So never get too carried awa…
 
Not all investors are created equal. If you want to become a successful property investor you really need to understand the five levels of investing which is a model that I’ve designed to explain how most investors progress along their path to financial freedom. Just to be clear, this has nothing to do with your level of income. It has a lot to do …
 
Interest rates on savings accounts were over 5% p.a. in 2011… only 10 years ago. Today, you would be lucky to receive more than 0.5% p.a.! That means your savings won’t even keep pace with inflation, let alone provide you with any investment return. As such, many investors are wondering what to do with their cash savings, other than depositing the …
 
We’re into a new year, and there’s lots of good news on the horizon. We’re going to have a better year this year than in 2020. We can’t have all of those challenges again this year, can we? There’s lots of good news. The economy is picking up, we’ve beaten the recession, it looks like we’ve contained the virus, and there’s an earlier-than-expected …
 
Let me ask you a question - Have you made any mistakes in your investment career? If you’re an investor, you almost certainly have made some mistakes. Nobody starts out as a great investor – property investment is a learned skill. Today, I’m going to share with you one of the biggest mistakes I made early on in my investment career indisputable pro…
 
While you’re listening to this podcast, my wife and I are away on our vacation. Unfortunately due to Covid, it’s not the extended overseas trip we usually take at this time of the year, but we are able to take a number of breaks each year because we’ve built a substantial property portfolio that gives us the lifestyle we enjoy. I’m not showing off.…
 
The beginning of a new year is a great time to take stock and set personal and financial goals for the coming year. I wanted to share the process that I use personally. It has worked well for me and of course, I use the same approach when advising my clients too. It’s particularly useful to undertake this exercise after you have had a break, which …
 
Did you make New Year’s resolutions for 2021? What were they? Were you planning to get more money? Become healthier? How many have you broken already? My resolution of eating more healthily didn’t last long. But I know that a lot of people are planning to make 2021 a great year considering the challenges and how many opportunities were lost in 2020…
 
Success is no accident. The most successful people in life may not always seem like they have much in common. How are The Beatles similar to Steve Jobs? Or Warren Buffett and Shane Warne? But when their traits, habits, and work ethics are distilled down, these unlikely characters share many similarities. They do the work, they turn up, they believe…
 
There are many definitions of what it means to be rich. In today’s podcast, we’re going to discuss the #1 factor that makes poor people rich. Being rich is more a state of mind than a dollar amount, though – the rich can be poor and the poor can be rich. Being rich is really more about having what you want and being able to enjoy your wealth. You n…
 
2020 didn’t exactly turn out the way I or anyone expected at the beginning of the year. Just as the bushfires were receding, we started to learn about this virus in China that eventually made its way to our shores. The pandemic caused massive health issues in Australia and around the world. Many countries, including ours, have had two waves of Coro…
 
I was recently asked to put together a list of simple rules that distilled my property investment philosophy, so in today’s episode, I’ll give you 9 simple property investment rules to go by. In my mindset moment, I’ll share 2 inspirational quotes that have helped me and that might be helpful for you as well. Then we’ll discuss some of the differen…
 
For many of us, 2020 has been a year to forget, but I don’t think we’re going to do that easily. I’m confident that we’re going to remember 2020 for a long time. I don’t know when you’re going to listen to this podcast, but it’s almost certainly time for me to wish you a happy, healthy, and prosperous 2021 – a much better year ahead. 2020 brought a…
 
You’re in for a treat today because I’m going to chat with one of my very early mentors when I started my property investment journey. I bought my first investment property in 1971 without much money, having saved a little deposit and going halves with my parents and I definitely didn’t understand the rules of the game. I just knew that wealthy peo…
 
Today’s podcast is a little different: it’s all about me. This is an interview with me. I hope it will help give you some insights about what makes me tick, what I’ve learned, what I’ve done wrong. This interview is with Peter Fritz of the Office Anywhere Podcast. Peter is a client, a successful property investor, and an author who writes regularly…
 
One of the interesting benefits I experienced from the prolonged lockdowns during 2020 was that I’ve been working more efficiently. Prior to COVID-19, I worked from home one or two days a week and from the office the other days. But interestingly, working from home full time made me much more efficient with my use of time. So, how do you make the m…
 
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