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25.01.2022 Join Steve McKnight as he presents his research, findings and recommendations for how to financially survive and thrive the Covid-19 pandemic. The webinar notes can be downloaded here: http://dl.propertyinvesting.com/20-08-09-Notes.pdf

25.01.2022 The easiest and smartest way I know to accumulate more money to buy more real estate is by turning ideas into income using the internet. And the best person I can recommend to train you on what to do is Derek Gehl. Tomorrow (Tuesday), Derek will be offering two chances to learn his latest strategies - a live session at lunchtime, and a recording tomorrow evening. If you can, I highly recommend listening in and broadening your understanding of how to use online "real estate" ...to make positive cashflow returns. Register for the Tue 09/03/21 LIVE webinar @ 12 noon AEDT https://attendee.gotowebinar.com/regist/1929178226725098512 Register for the Tue 09/03/21 RECORDING @ 7pm AEDT https://attendee.gotowebinar.com/regist/6446986842861400592

20.01.2022 Hot off the press: after heaps of requests from people who couldn't make last Saturday's mega-training (sooo many people had to take kids to school sports!) I've managed to get Derek Gehl to run a shorter 90 minute 'highlights' training next week: Live at noon on Tuesday, and a hosted recording of that session later that day at 7pm. If you want to participate (either session) and discover Derek's "ideas to income positive cashflow outcomes for less than $5,000 down" strategy... then here are the links to register. Family and friends welcome to participate too if you want to share the link. Lunchtime (Tue 9th @ noon AEDT) https://attendee.gotowebinar.com/regist/1929178226725098512 Evening (Tue 9th@ 7pm AEDT) https://attendee.gotowebinar.com/regist/6446986842861400592

19.01.2022 A couple of thoughts on last night's Federal budget... First, a budget is a forecast, not a promise. In such volatile times, there will be a huge margin of error. Second, the present stimulus gravy train will continue, and that should feed into continued upwards pressure on property prices into 2022.... For some sobering parallel non-budget news, the cost of construction inputs (timber, steel, concrete, etc.) is rising massively, and if oil joins the party then inflation might spark (there are eerie similarities to now and the 1970s). If this happens, interest rates would naturally follow higher, potentially catching out borrowers who are over-leveraged. If you are in real estate now, or getting in, remember that managing debt is as important as making money.

16.01.2022 With the C-19 second wave hitting Victoria, and possibly unfolding in NSW, and with borders closed in other States, it's time to come together for another straight-shooting webinar to try and make sense of what's going on, and what might happen from here. If you'd like to join me at 4pm this Sunday (Melbourne time), then here's the link to register: https://attendee.gotowebinar.com/regist/2379950501654681615... There's no cost. I have nothing to sell. If you're feeling confused, confuzzled, or are struggling for inspiration and motivation, this session will help.

16.01.2022 Vic has announced its moratorium on rental evictions and rent increases for resi and commercial tenancies is to last until 31 Dec (from 30 Sept). Let's see if other states follow (esp. Queensland). Do you think this extension is fair and reasonable?

15.01.2022 So... I know it is not real estate related, but how do you feel about the government mandating (i.e. forcing) you to get a Covid-19 vaccination? I'm not an anti-vaxer, but I'm REALLY uncomfortable about this proposed serious erosion of civil liberties. Your thoughts?

14.01.2022 Just wrote this for a new product I am working on and thought I would share it with you... Sadly, more and more people have been so-called rewarded, dare I say trained, to use credit as their go-to payment method. This makes Visa, MasterCard, Afterpay etc. all very wealthy, while often tempting the user to over-consume by spending money they don’t yet have. The author’s of The Millionaire Next Door made a very astute observation in that UAWs spend in anticipation of earning. ...In other words, they spend today and earn tomorrow. PAWs earn today and spend tomorrow, Here’s a little known fact that may cause you to consider the merits of the so-called rewards. As a general rule, most rewards points have a cash value of 1%, or less, of what you spend. So the easiest way to quickly determine the ‘value’ of the reward is to take two zeros off what you spend. For instance, spend $100 and you have $1 reward. Spend $1,000 and you have a $10 reward. Spend $10,000 and you have a $100 reward, spend $100,000 and you have a $1,000 reward, etc. But wait, there’s more! You also need to deduct the annual cost of the credit card that you need to pay to ‘open up’ the rewards. For example, if you spend $2,000 a month using your credit card, you would spend $24,000 per annum and have $240 worth of reward point spending power. If your annual credit card fee was $295, then you would be $55 worse off (i.e. unrewarded!) than if you just paid cash. Here’s what I recommend Forget the rewards! Get into the habit of spending only what you have already earned, which means choosing to only use cash, EFTPOS, or a debit card where the money comes straight from your account.

12.01.2022 Data released just minutes ago saw Aus GDP fall by the biggest % in a quarter ever, and confirmed the first recession in nearly 30 years. While I am sure there will be lots said, my focus for the moment is this in the ABS commentary: "General government net saving fell to -$82.6 billion from $1.2 billion in the March quarter 2020. The fall in the June quarter reflected the government economic response to the COVID-19 pandemic, which resulted in a record high subsidy payments ...of $55.5 billion and reduced tax income received." That means the government has spent (i.e. reduction in net saving) the equivalent of $2,200 for every man, woman and child in Australia, with more to come. Wow! That's a lot of tomorrow's tax revenue that has been consumed today. What I think is this... that handout has kicked the financial hangover normally associated with a recession down the road somewhat, but we all know that delaying a hangover by drinking (i.e. spending) more only makes it worse when it finally comes. Please! Get in control of your finances - increase savings and reduce debt - while you still have time!

11.01.2022 Just noting today that ANZ NZ business confidence has fallen. I think this is noteworthy because we hear how well NZ is doing with managing the pandemic, but the effect to business seems as bad as their C19 numbers are good. Can anyone from NZ comment on business conditions in the land of the long white cloud?

10.01.2022 Just a shout out to everyone doing it tough, or having a difficult day. Hang in there. Just hang in there.

07.01.2022 Hi friends, I'm reposting this short video I recorded for the church I normally attend. I hope it gives you some encouragement, especially if you are stuggling emotionally or financially. Sorry for looking a bit rugged - it's the effects of living 'off the grid'.

05.01.2022 Happy Spring everyone (in the southern hemisphere). Latest price (index) data has been released by Core Logic. Results indicate soft market conditions coming into what is the busiest annual time for real estate sales. Predicably, Melbourne was the weakest capital city. Perth was flat, which is better than down! Canberra and Darwin outperformed. But what does this mean? To me it says that confidence is factured and skittish, and is likely to be so for a while yet.

03.01.2022 It's CPI data day, and anything could happen given Victoria went back into lockdown. Keep an eye out on the headlines, but higher than expected CPI will be a reason to wind back handouts. Lower will mean more stimulus may be needed. If you want me to post a summary (as a comment) once the data has been released then like this post.

01.01.2022 Good news on cases in Vic coming down, and thankfully deaths too. But the talk is also now soberingly on supression and future waves of controllable and managable levels. We are also inching closer to September and the windback of welfare. This makes me believe we are still in a high risk, higly volatile environment, so I recommend you remain cautious for the time being. Be careful not to be attracted to so-called cheap or bargain buys. The risk is still to the downside for property - particularly in tourist hot spots.

01.01.2022 This from my industry super fund today (I have it as my life is insured through them). Negative returns for the current year. Expect that to be the new norm for a while to come. All that money spent on ads doesn't necessarily translate into outperformance. "Media Super's Balanced (MySuper) investment option recorded a slightly negative return for the financial year (-0.28%) but it's important to remember super is a long-term investment. Over the long-term the Balanced option is performing strongly, with our 3, 5, 7 and 10 year returns all above the median."

01.01.2022 Rapidly rising house prices are back in the news. Undoubedly the equity bump is a win for those already in the market, but on the other hand it is a 'value loss' for those trying to buy in, as prices are rising faster than most people's ability to save (and fixed interest returns on savings). The downside to "saving jobs" via COVID stimulus will be higher house prices, and I suspect people will be worse off once lending laws are relaxed. Which is better? Supporting jobs in th...e short term, or housing affordability in the long term? Only time will tell. Just be wary... this boom is caused by government intervention, not wage growth or increased economic output leading to better living standards (rather protecting living standards that some say were already funded on the back of high debt). When the good times end the debt will remain, and that will be a drag on future prosperity.

01.01.2022 Just a word of wisdom for today: Recessions are like cyclones. We fear their arrival, but the real extent of the damage can only be assessed once they've passed. Reports of job lossess are becoming more widespread, and with the windback of government assistance only weeks away, the pain is about to become even more evident. I'm not suggesting a broadbased crash in property prices, as I feel the Fed government will move mountains to prevent that (see how much they spent on JK ...and JS... that is a drop in the bucket compared to propping up the housing market and nationalising private debt). But there will surely be some tremors and shocks. I'm working and tweaking my financial survival plan. I suggest you do too.