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The Michael Yardney Podcast

Michael Yardney; Australia's authority in wealth creation through property

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The Michael Yardney Podcast

The Michael Yardney Podcast

Michael Yardney; Australia's authority in wealth creation through property

9
Followers
41
Plays
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About Us

Are you looking for financial freedom or more choices in life? You're in the right place. Each week Michael Yardney shares smart property investment strategies as well as the success and personal finance secrets of the rich, in 20 minutes or less.While Michael is best known as a property expert, he is also Australia's leading experts in the psychology of success and wealth creation and a #1 best selling author of 8 books. He frequently challenges traditional finance advice with innovative ideas on real estate investing, personal finance and wealth creation.His wisdom stems from his personal experience and from mentoring over 2,000 business people, investors and entrepreneurs over the last decade.Michael's message will be priceless regardless of the size of your investment portfolio - whether you're just starting out or an experienced investor wanting to move to the next level, he will provide you a roadmap for real estate investing and financial success.http://MichaelYardneyPodcast.com

Latest Episodes

7 Australian demographic trends investors and businesspeople must understand

How important is assessing demographics in building your property portfolio or planning your business or personal ventures? If you don’t pay attention you could be missing the key to building long-term wealth in a way that minimizes your risks. In today’s episode of Michael Yardney podcast, I chat with Simon Kuestenmacher, and we’re going to talk about 7 macro / big picture demographic trends. So, at the end of the episode, you’ll have a better big picture macro view of what the demographic trends in Australia are. Highlights from my conversation with Simon: Over half of Australia’s wealth is in housing, so the housing market underpins Australia’s wealth The property market itself isn’t in trouble However, the Australian middle class has been hollowed out, and the big challenge is getting low-paid workers on the path to homeownership We may move into the right direction because of corona-inspired infrastructure programs that create middle-skill jobs Australia is the most intensely concentrated population on the planet This is because of the kinds of jobs that Australia creates A large percentage of Australians are born overseas The influx of international students to Australia has created a student boom One of six international students will become permanent residents Australia is more generationally diverse than ever before Australia may be the location of choice for companies who want to set up Asia-Pacific centers The need to build higher-quality buildings that last longer Changes in where people want to live and the kinds of accommodation they need Mixed development in the inner cities The makeup of the workforce Baby boomers are staying in the workforce longer Close to half of the workforce is Gen Y, so it’s important to understand them Links and Resources: Michael Yardney Simon Kuestenmacher - Director of Research at The Demographics Group Simon’s YouTube Channel In these challenging time why not get the team at Metropole to build you a personalised Strategic Property Plan – this will help both beginning and experienced investors. Join us at Wealth Retreat 2020 – click here and register your interest Shownotes plus more here: 7 Australian demographic trends investors and business people must understand Some of our favourite quotes from the show: “I think one of the great things about our cities over the last couple of decades is the vibrancy of being in the inner city.” –Michael Yardney “There’s no doubt that the bulk of these generations do think very very similarly, and to be a good employer or to sell to them, to be a good businessperson, you’ve really got to understand what drives, what motivates them.” –Michael Yardney “Letting go of attachments makes your life richer, as you create space for new experiences to come.” –Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how

50 MIN5 d ago
Comments
7 Australian demographic trends investors and businesspeople must understand

10 Important Lessons You Can Learn From a 6-Year-Old | Build a Business, Not a Job Podcast

As adults we often forget that at one point in our life we saw the world and the people around us in a much different light— we saw the world through a child’s eyes. As we grow up and mature, we allow life and rules to restrict some of the greatest instincts we had as children. Instead of never taking no for an answer, waiting for permission, or even embracing our wildest dreams, we fall into a strict regimen we believe will keep us safe and drive us to success. However sometimes it’s important to remember that to truly be effective and productive leaders, our old “childish antics” can actually do us some good. In fact, it turns out the children can teach us a lot about being successful in business and in life. In today’s episode, Mark Creedon and I discuss ten things we each learned from our grandchildren that can help us in business. Here are ten things Mark learned from a chat with one of his grandchildren, which I think can help us all in business, success and life in gene...

30 MIN1 w ago
Comments
10 Important Lessons You Can Learn From a 6-Year-Old | Build a Business, Not a Job Podcast

Property forecasts - which are useful and which to ignore, with John Lindeman

Much of the Australian economy is being kept on temporary life support either by federal government schemes or through bank relief. These assistance measures are slated to end after 6 months, but clearly the coronavirus crisis won’t be over by then, and unemployment probably won’t return to normal levels for a few years. People are wondering what’s going to happen to house prices, unemployment, and our economy once these protections are taken away, and there are lots of forecasts coming up. That’s one of the things I want to talk to John Lindeman about today. Many of the upcoming predictions are bound to be wrong, so we’re going to have a chat about what you should be looking for when you’re looking at forecasts, and he’s also going to share a great analogy with you about a plane flight and our property markets to help you understand where we are in the market at the moment, and how to pick the turning points. And then, in my mindset moment, I’m going to show you 11 ways to ...

36 MIN1 w ago
Comments
Property forecasts - which are useful and which to ignore, with John Lindeman

Chicken Soup for Your Soul will get you through these challenging times with Mark Victor Hansen

If you’re like the most listeners to the Michael Yardney podcast you are here to learn about success, money and property investment. Well you’re in for a treat today because I’m going to be chatting with Mark Victor Hanson who has inspired over 1 billion people through his books that have been translated into 54 languages. I know he inspired me when I first read his chicken soup for the soul series of books, but then I went on to read his books related to entrepreneurship and property and they came at the right time in my life when I needed them. I know currently a lot of people are feeling challenged by what’s going on in the world around them, so I hope Mark words of inspiration will come at the right time of your life, just like they came at the right time in my life. He got a powerful message to share with you and it’s more than his normal message about the principles of perseverance, excellence and believe in oneself. It’s a message for everybody in these challenging time...

34 MIN2 w ago
Comments
Chicken Soup for Your Soul will get you through these challenging times with Mark Victor Hansen

What would a serious second wave of Coronavirus do to our property markets?

The coronavirus pandemic has created one of the worst recessions the world has seen since the 1930’s Great Depression – but it was also shaping up to be one of the shortest. Australia’s economy was already showing signs of bouncing back, following a “very deep contraction” but then the threat of a second wave of coronavirus hit us. What would a serious second wave of coronavirus due to our economy and our property markets? That’s what I want to discuss with you today. While I’m optimistic about the future, I realize that unemployment and underemployment rates are set to take years to return to pre-coronavirus levels. Our economy will grow more slowly this year and next, but a significant second wave of coronavirus will do some damage to our consumer confidence and slow everything down again, so I’ll explain my thoughts about this in more detail today. Then I’d like to share an important message from one of my mentors, Jim Rohn, that will help you give you some inspiration t...

30 MIN2 w ago
Comments
What would a serious second wave of Coronavirus do to our property markets?

Are there really only 3 factors that drive property price growth? With Brett Warren and Pete Wargent

What drives property price growth? Especially in this era of lower interest rates, lower inflation and lower capital growth in general? If you want to one day live off the fruits of your property portfolio, you’ll need to own the sort of properties that grow at wealth producing rates of return that outperform the averages. Today we’re going to have two different views on the subject. First, Brett Warren is going to give his thoughts and views on the subject. Then, I’m going to have a chat with Pete Wargent, who says there are only three factors that drive property price growth. These two guests are probably going to end up in much the same place, but after listening to both you’ll be much more informed about how to choose an investment-grade property. Demographics is the key with Brett Warren Demographics is a critical factor in both property prices and the economy. Understanding the demographics can make the difference when it comes to choosing the right property. Some of the m...

41 MIN3 w ago
Comments
Are there really only 3 factors that drive property price growth? With Brett Warren and Pete Wargent

We’re halfway there - what comes next? The real truth about Mortgage Stress with Pete Wargent

We’re halfway through the year, and let’s hope the second half of 2020 is going to be better than the first half. That’s what we’re going to chat about in this episode of the Michael Yardney podcast, while I give you some ideas about what’s ahead. I also chat with Pete Wargent about what’s really happening with the financial system, our housing markets, and concern about housing stress. Hopefully, today’s episode will bring some extra clarity and certainty in today’s uncertain times. Now that we’re halfway there I’ve never seen a trilogy like this with: A global pandemic, Australia slipping into recession and Increasing geopolitical and local social unrest. This means there’s a lot to think about … both at the macro-level affecting our country and its place in the world economy and at the micro-level with your investment or business strategy. It’s like those jugglers at the circus, with so many plates spinning in the air at the one time. Which ones are going to keep spi...

39 MIN3 w ago
Comments
We’re halfway there - what comes next? The real truth about Mortgage Stress with Pete Wargent

Number Crunching: How to Understand Property Data, with Kate Forbes

There’s no lack of property-specific data information out there. It is often available with just the click of a mouse. However, with this increased availability of data, there are new challenges. How do you make sense out of all this data? Whose numbers can you trust? In today’s episode of the Michael Yardney podcast, I chat with Kate Forbes about her specialty, how to interpret data. How important are median prices? In the simplest sense, the median house price is the middle point of all sales ranked from high to low. For example, if there is an influx of first home buyers in a location who are buying at the lower end of the price scale, then the median price will drop. On the other hand, the median will go up if a lot of people in the area are renovating and upgrading their properties. Median prices tell you what’s happened recently, but it doesn’t give you much information about individual properties. What factors in supply and demand should you look at? It’s important to un...

28 MINJUL 14
Comments
Number Crunching: How to Understand Property Data, with Kate Forbes

16 Things I wish I knew when I first started investing

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 away when the market is booming or too disenchanted when the market slumps, because letting your emotions drive your investments is a surefire path to disaster. Today, I’ll chat with Brett Warren about some of the lessons I wish I’d known when I first started investing. If you can learn these lessons now, you can avoid paying some of the learning fees that I had to pay to the property market as I made mistakes. The value of education It’s easy to think you’re smarter than you are when you don’t know what you don’t know. Goal setting Setting goals helps you focus because if you don’t know where you’re going, while any road may get yo...

42 MINJUL 9
Comments
16 Things I wish I knew when I first started investing

Here’s where Robert Kiyosaki is wrong about property

Robert Kiyosaki has taught millions and millions of people some important financial concepts. I learned a lot from him in my early years, and I’ve quoted him on many occasions. But I also believe that the way he thinks about real estate – which may work for him in the US – is not relevant in Australia. And there are a number of his other concepts that I don’t believe are correct. He does have some great basic rules of investing that I’m going to share with you on today’s podcast. I’m also going to share what I disagree with about his concepts. Then you’ll have the information you need to make your own decisions. Some of Robert’s basic rules: Rule number 1: You should adjust your money mindset. Rule number 2: Know what kind of income you’re working for. Earned income, portfolio income, or passive income? Rule number 3: Convert ordinary income to passive income. Spend less than you earn, save it, invest it into an asset class that will give you investment income. This involv...

31 MINJUL 7
Comments
Here’s where Robert Kiyosaki is wrong about property

Latest Episodes

7 Australian demographic trends investors and businesspeople must understand

How important is assessing demographics in building your property portfolio or planning your business or personal ventures? If you don’t pay attention you could be missing the key to building long-term wealth in a way that minimizes your risks. In today’s episode of Michael Yardney podcast, I chat with Simon Kuestenmacher, and we’re going to talk about 7 macro / big picture demographic trends. So, at the end of the episode, you’ll have a better big picture macro view of what the demographic trends in Australia are. Highlights from my conversation with Simon: Over half of Australia’s wealth is in housing, so the housing market underpins Australia’s wealth The property market itself isn’t in trouble However, the Australian middle class has been hollowed out, and the big challenge is getting low-paid workers on the path to homeownership We may move into the right direction because of corona-inspired infrastructure programs that create middle-skill jobs Australia is the most intensely concentrated population on the planet This is because of the kinds of jobs that Australia creates A large percentage of Australians are born overseas The influx of international students to Australia has created a student boom One of six international students will become permanent residents Australia is more generationally diverse than ever before Australia may be the location of choice for companies who want to set up Asia-Pacific centers The need to build higher-quality buildings that last longer Changes in where people want to live and the kinds of accommodation they need Mixed development in the inner cities The makeup of the workforce Baby boomers are staying in the workforce longer Close to half of the workforce is Gen Y, so it’s important to understand them Links and Resources: Michael Yardney Simon Kuestenmacher - Director of Research at The Demographics Group Simon’s YouTube Channel In these challenging time why not get the team at Metropole to build you a personalised Strategic Property Plan – this will help both beginning and experienced investors. Join us at Wealth Retreat 2020 – click here and register your interest Shownotes plus more here: 7 Australian demographic trends investors and business people must understand Some of our favourite quotes from the show: “I think one of the great things about our cities over the last couple of decades is the vibrancy of being in the inner city.” –Michael Yardney “There’s no doubt that the bulk of these generations do think very very similarly, and to be a good employer or to sell to them, to be a good businessperson, you’ve really got to understand what drives, what motivates them.” –Michael Yardney “Letting go of attachments makes your life richer, as you create space for new experiences to come.” –Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how

50 MIN5 d ago
Comments
7 Australian demographic trends investors and businesspeople must understand

10 Important Lessons You Can Learn From a 6-Year-Old | Build a Business, Not a Job Podcast

As adults we often forget that at one point in our life we saw the world and the people around us in a much different light— we saw the world through a child’s eyes. As we grow up and mature, we allow life and rules to restrict some of the greatest instincts we had as children. Instead of never taking no for an answer, waiting for permission, or even embracing our wildest dreams, we fall into a strict regimen we believe will keep us safe and drive us to success. However sometimes it’s important to remember that to truly be effective and productive leaders, our old “childish antics” can actually do us some good. In fact, it turns out the children can teach us a lot about being successful in business and in life. In today’s episode, Mark Creedon and I discuss ten things we each learned from our grandchildren that can help us in business. Here are ten things Mark learned from a chat with one of his grandchildren, which I think can help us all in business, success and life in gene...

30 MIN1 w ago
Comments
10 Important Lessons You Can Learn From a 6-Year-Old | Build a Business, Not a Job Podcast

Property forecasts - which are useful and which to ignore, with John Lindeman

Much of the Australian economy is being kept on temporary life support either by federal government schemes or through bank relief. These assistance measures are slated to end after 6 months, but clearly the coronavirus crisis won’t be over by then, and unemployment probably won’t return to normal levels for a few years. People are wondering what’s going to happen to house prices, unemployment, and our economy once these protections are taken away, and there are lots of forecasts coming up. That’s one of the things I want to talk to John Lindeman about today. Many of the upcoming predictions are bound to be wrong, so we’re going to have a chat about what you should be looking for when you’re looking at forecasts, and he’s also going to share a great analogy with you about a plane flight and our property markets to help you understand where we are in the market at the moment, and how to pick the turning points. And then, in my mindset moment, I’m going to show you 11 ways to ...

36 MIN1 w ago
Comments
Property forecasts - which are useful and which to ignore, with John Lindeman

Chicken Soup for Your Soul will get you through these challenging times with Mark Victor Hansen

If you’re like the most listeners to the Michael Yardney podcast you are here to learn about success, money and property investment. Well you’re in for a treat today because I’m going to be chatting with Mark Victor Hanson who has inspired over 1 billion people through his books that have been translated into 54 languages. I know he inspired me when I first read his chicken soup for the soul series of books, but then I went on to read his books related to entrepreneurship and property and they came at the right time in my life when I needed them. I know currently a lot of people are feeling challenged by what’s going on in the world around them, so I hope Mark words of inspiration will come at the right time of your life, just like they came at the right time in my life. He got a powerful message to share with you and it’s more than his normal message about the principles of perseverance, excellence and believe in oneself. It’s a message for everybody in these challenging time...

34 MIN2 w ago
Comments
Chicken Soup for Your Soul will get you through these challenging times with Mark Victor Hansen

What would a serious second wave of Coronavirus do to our property markets?

The coronavirus pandemic has created one of the worst recessions the world has seen since the 1930’s Great Depression – but it was also shaping up to be one of the shortest. Australia’s economy was already showing signs of bouncing back, following a “very deep contraction” but then the threat of a second wave of coronavirus hit us. What would a serious second wave of coronavirus due to our economy and our property markets? That’s what I want to discuss with you today. While I’m optimistic about the future, I realize that unemployment and underemployment rates are set to take years to return to pre-coronavirus levels. Our economy will grow more slowly this year and next, but a significant second wave of coronavirus will do some damage to our consumer confidence and slow everything down again, so I’ll explain my thoughts about this in more detail today. Then I’d like to share an important message from one of my mentors, Jim Rohn, that will help you give you some inspiration t...

30 MIN2 w ago
Comments
What would a serious second wave of Coronavirus do to our property markets?

Are there really only 3 factors that drive property price growth? With Brett Warren and Pete Wargent

What drives property price growth? Especially in this era of lower interest rates, lower inflation and lower capital growth in general? If you want to one day live off the fruits of your property portfolio, you’ll need to own the sort of properties that grow at wealth producing rates of return that outperform the averages. Today we’re going to have two different views on the subject. First, Brett Warren is going to give his thoughts and views on the subject. Then, I’m going to have a chat with Pete Wargent, who says there are only three factors that drive property price growth. These two guests are probably going to end up in much the same place, but after listening to both you’ll be much more informed about how to choose an investment-grade property. Demographics is the key with Brett Warren Demographics is a critical factor in both property prices and the economy. Understanding the demographics can make the difference when it comes to choosing the right property. Some of the m...

41 MIN3 w ago
Comments
Are there really only 3 factors that drive property price growth? With Brett Warren and Pete Wargent

We’re halfway there - what comes next? The real truth about Mortgage Stress with Pete Wargent

We’re halfway through the year, and let’s hope the second half of 2020 is going to be better than the first half. That’s what we’re going to chat about in this episode of the Michael Yardney podcast, while I give you some ideas about what’s ahead. I also chat with Pete Wargent about what’s really happening with the financial system, our housing markets, and concern about housing stress. Hopefully, today’s episode will bring some extra clarity and certainty in today’s uncertain times. Now that we’re halfway there I’ve never seen a trilogy like this with: A global pandemic, Australia slipping into recession and Increasing geopolitical and local social unrest. This means there’s a lot to think about … both at the macro-level affecting our country and its place in the world economy and at the micro-level with your investment or business strategy. It’s like those jugglers at the circus, with so many plates spinning in the air at the one time. Which ones are going to keep spi...

39 MIN3 w ago
Comments
We’re halfway there - what comes next? The real truth about Mortgage Stress with Pete Wargent

Number Crunching: How to Understand Property Data, with Kate Forbes

There’s no lack of property-specific data information out there. It is often available with just the click of a mouse. However, with this increased availability of data, there are new challenges. How do you make sense out of all this data? Whose numbers can you trust? In today’s episode of the Michael Yardney podcast, I chat with Kate Forbes about her specialty, how to interpret data. How important are median prices? In the simplest sense, the median house price is the middle point of all sales ranked from high to low. For example, if there is an influx of first home buyers in a location who are buying at the lower end of the price scale, then the median price will drop. On the other hand, the median will go up if a lot of people in the area are renovating and upgrading their properties. Median prices tell you what’s happened recently, but it doesn’t give you much information about individual properties. What factors in supply and demand should you look at? It’s important to un...

28 MINJUL 14
Comments
Number Crunching: How to Understand Property Data, with Kate Forbes

16 Things I wish I knew when I first started investing

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 away when the market is booming or too disenchanted when the market slumps, because letting your emotions drive your investments is a surefire path to disaster. Today, I’ll chat with Brett Warren about some of the lessons I wish I’d known when I first started investing. If you can learn these lessons now, you can avoid paying some of the learning fees that I had to pay to the property market as I made mistakes. The value of education It’s easy to think you’re smarter than you are when you don’t know what you don’t know. Goal setting Setting goals helps you focus because if you don’t know where you’re going, while any road may get yo...

42 MINJUL 9
Comments
16 Things I wish I knew when I first started investing

Here’s where Robert Kiyosaki is wrong about property

Robert Kiyosaki has taught millions and millions of people some important financial concepts. I learned a lot from him in my early years, and I’ve quoted him on many occasions. But I also believe that the way he thinks about real estate – which may work for him in the US – is not relevant in Australia. And there are a number of his other concepts that I don’t believe are correct. He does have some great basic rules of investing that I’m going to share with you on today’s podcast. I’m also going to share what I disagree with about his concepts. Then you’ll have the information you need to make your own decisions. Some of Robert’s basic rules: Rule number 1: You should adjust your money mindset. Rule number 2: Know what kind of income you’re working for. Earned income, portfolio income, or passive income? Rule number 3: Convert ordinary income to passive income. Spend less than you earn, save it, invest it into an asset class that will give you investment income. This involv...

31 MINJUL 7
Comments
Here’s where Robert Kiyosaki is wrong about property
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