Property Buying Life Cycle: Through the Lens of a Financial Advisor

In this episode, we delve into the fascinating world of the
property buying lifecycle, offering invaluable insights through
the lens of a seasoned financial advisor. Now, before you dismiss
this as irrelevant to your current situation as a first home
buyer, hold on tight! We're about to uncover how your first home
purchase can be a stepping stone towards long-term financial
success.


As we explore the property buying lifecycle, we'll touch on the
potential for future property acquisitions, whether it be
upgrading or diversifying your portfolio. You'll gain a holistic
understanding of how your initial home purchase can become a
springboard for building wealth, providing you with the
flexibility to adapt and grow as your circumstances change.


Discover the critical factors to consider beyond just finding a
roof over your head and learn how to approach your first purchase
with a strategic mindset, ensuring that your property aligns with
your long-term goals and aspirations.


Tune in to gain the knowledge and confidence needed to make
informed decisions at every stage of the property buying
lifecycle.


Episode Highlights:


00:00 - Welcome to Your First Home Buyer Guide Podcast!


02:13 - Meighan’s special house of the week


04:14 - Why property and wealth creation go hand in hand


08:53 - Stuart Wemyss’ podcast and the Home Buyer Guide’s phases
of life


10:22 - Phase 1: The recommended time to master cash flow
management


14:12 - Why you need an investor’s mindset when buying your first
home


17:25 - Phase 2: Before starting a family – career progressing,
income increasing


20:17 - Phase 3: The almost impossible to build wealth phase


22:43 - Tips for continuing to build wealth even if you’re in
phase 3


24:45 - The importance of understanding different needs through
different phases of life


30:16 - You also need to think about other investment
opportunities other than property


31:16 - Having a home you own can help in retirement


33:12 - When is a really important time to get advice from a
financial advisor?


35:06 - Final phase: The retirement age


Resources:


Investopoly Episode 253: The typical life cycle of an
investor
https://podcasts.apple.com/ph/podcast/the-typical-life-cycle-of-an-investor/id1348458167?i=1000609537175

Listen to Stuart Wemyss’ podcast Investopoly
https://podcasts.apple.com/ph/podcast/investopoly/id1348458167

Investopoly by Stuart Wemyss https://amzn.to/3OkkTpu

Visit our website https://www.homebuyeracademy.com.au/

Learn how to buy property without making a mistake with our
10-step online course for first time home buyers
https://homebuyeracademy.com.au/YFHBG

If you have any questions or would like to be featured on our
show, contact us at: Your First Home Buyer Guide Podcast
support@homebuyeracademy.com.au

Looking for a Sydney Buyers Agent?
https://www.gooddeeds.com.au

Work with Veronica: https://www.veronicamorgan.com.au

Looking for a Brisbane Buyers Agent?
https://www.propertypursuit.com.au/

Work with Meighan: https://www.linkedin.com/in/meighanwells/



If you enjoyed today’s podcast, don’t forget to subscribe, rate,
and share the show! There’s more to come, so we hope to have you
along with us on this journey!


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