Welcome to Finance and Fury

Today’s episode is with Jayden and we will be talking about why property might not work for you, or when you shouldn’t buy property.

We have talked about using property to build long term wealth using leverage. However, there are some reasons why you should not buy property.

The 4 reasons:

  1. Getting rich quick
  2. Financial literacy
  3. Tax reasons
  4. Your personal finances

Getting rich quick:

  • Property is a long term game, 20 – 30 year journey
  • Jumping at an opportunity due to the fear of missing out
  • Don’t let your emotions ruin your investment plans
  • Trying to time the markets
  • Stats show this isn’t a good way

Financial literacy:

  • You need to learn how property works
  • Not understanding your finances – just the basics
  • You need to know some stuff to get through property investing
  • The difference between lifestyle assets and investment assets
  • Experience really helps

Doing it for tax reasons:

  • Using negative gearing
  • Buying a property for depreciation and claiming deductions
  • Property should be for long-term wealth building, not loss accumulating

Personal finances:

  • Having enough cash for little costs
  • There will be times that the property isn’t rented
  • Make sure you can achieve the loan you need
  • Your ability to afford the loan is very important
  • What will happen if rates go up?
  • Know your limits on borrowing before starting to research investment properties

When do investment properties work well?

  • When your finances are in order
  • When you can afford a quality investment property
  • When your investment plan is long term
  • If you are willing to be patient to find the right investment

Thanks for listening today, if you have any questions you can reach us at the contact page here. 

Another episode around property investment:

How to invest in property in 2019 – https://financeandfury.com.au/how-do-i-invest-in-property-in-2019/

 

Should we be getting charged up for Electric Vehicles?

Welcome to Finance and Fury, The Say What Wednesday Edition Today’s question came from Matt and Lucas Labor’s plan for 50% of new cars to be electric by 2030 plus introduce a carbon emissions target for new cars. The Greens have one-upped this. Today we break down the...

The Economics of War – conducted for the benefit for the very few, at the expense of millions

Welcome to Finance and Fury, The Furious Friday Edition. War is a racket – Something that always catches my attention is when politicians get on What is one thing they seem to get on about? Police enforcement, regulations on industries On a more global scale - Going...

Younger than 35 are experiencing low to negative income growth – but there are real ways of actually getting around it

Episode 27 Younger than 35 are experiencing low to negative income growth - but there are real ways of actually getting around it Today we’re talking about a news article that came out highlighting that young Australians’ are experiencing either zero, or negative...

Where to invest in preparation for the next financial collapse?

Welcome to Finance and Fury Today – Want to start looking at what would likely survive another financial correction or worse, collapse Been thinking a lot recently about the structure of the modern economy – This episode is probably more like a FF ep, but this topic...

Say What Wednesdays: Should I lock in a fixed rate on my home loan with interest rates so low?

Say What Wednesdays Should I lock in a fixed rate on my home loan with interest rates so low? Welcome to Say What Wednesdays – Where we answer your questions about personal finance and the economy! This week’s question comes from Michael. His question related to...

The Cash Bill – stabilising the financial system for negative interest rates, Bail Ins and more, all at your expense

Welcome to Finance and Fury Last Monday's ep – Cash Restrictions Bill – Went through black economy and outline of regulations Today – Go further into implications of this – along with other considerations such as bail-ins and negative rates why bill needed – not for...

Say What Wednesdays: Adani Coal Mine; we dig deeper and look more closely at the pros and cons

Say What Wednesday Adani Coal Mine; we dig deeper and look more closely at the pros and cons Welcome to Say What Wednesday. Today's question is from our listener, Sam. "Hi Louis, love the podcast! I’m wondering if you could do an episode on Adani. I’ve seen lots of...

Say What Wednesday: Makin’ coin flippin’ houses

Welcome to Finance & Fury’s Say What Wednesday Today’s question is from Lucas, “Hey guess, just wondering if you think that flipping houses is a good strategy? Can you really make a living flipping houses?” Good question! Flipping houses has become very popular...

Furious Fridays: The dark side of electricity price capping

Furious Fridays The dark side of electricity price capping Welcome to Furious Friday! I recently saw a news article about Australians being “promised new laws to slash up to $832 from their annual electricity bills” This article outlines; This is a “federal government...

The dark past of ‘environmentalism’ provides clues to the point of the UN’s Sustainable Development Goals

Welcome to Finance and Fury, The Furious Friday Edition.  The final episode in the mini-series for the SDGs - Covered a lot – today - Summary wrap up and piece together next step One sentence – UN's Agenda 2030 wants us giving up sovereignty to a global unelected...

Pin It on Pinterest

Share This