EP 020: In this week's episode of the podcast, I sit down with Grant, my co-host and Aaron Whybrow, as we discuss 5 practical ways to increase your borrowing power.

There is a lot more to borrowing power than meets the eye.

So, if you are an Australian business owner, this will be worth your time.



Episode Highlights:
00:00 Welcome to Full Stack Business Owner
01:53 About Aaron, the bagpiping mortgage broker
05:07 How can you increase your borrowing capacity?
06:40 #1 Earn more money
09:53 Business growth vs increasing net profit
12:33 Can you leverage your partner’s income?
14:36 #2 Double down on debt
15:43 Types of debt
17:29 Not all debt is equal in the eyes of banks
22:00 Can you pay off bad debt with good debt?
23:06 Key debt to eliminate first
26:09 #3 Maintain your budget
28:02 Why you should track your personal and business budgets
29:45 Do banks consider income fluctuation?
33:41 #4 Buy an A-grade asset
36:34 How your investments affect your borrowing capacity
39:49 The dangers of underinvesting in your business
43:05 #5 Diversify your banks
44:35 How often do banks change their rules on lending?
47:51 Leverage the knowledge of mortgage brokers
49:53 Pay down your debt first
53:21 What happens to existing debt if your earning capacity drops?
57:00 Is there a ceiling to borrowing capacity?


If you enjoyed this episode, be sure to subscribe, tune in and share this podcast! 



Resources:
○  Business and Investing website: https://www.businessandinvesting.com/
○  Business and Investing partners: https://businessandinvesting.com/partners

About the Guest: 
Aaron Whybrow is the founder of Diagnostics and Finance, a Financial Broking and Personal Risk Insurance Business.

Diagnostics & Finance (ARW Financial Services Pty Ltd) is a Credit Representative 425540 of Finsure Finance & Insurance ACL 384704.

He is known as the ‘bagpiping mortgage broker’, who prides himself on having no ‘flats’ in his career. He blends his experiences as a former intensive care unit nurse and medical sales rep to provide the best outcomes for his clients. 

To connect with Aaron and his team of mortgage professionals, head over to https://businessandinvesting.com/partners/diagnostics-and-finance/

Subscribe: 
○ Subscribe on Youtube: https://www.youtube.com/@businessandinvesting
○ Subscribe on Apple Podcast: https://podcasts.apple.com/au/podcast/business-investing/id1607453342

Connect with Business and Investing: 
○ Join the Business and Investing Community: https://www.facebook.com/groups/440140397804480
○ Follow us on Facebook: https://www.facebook.com/businessandinvestingcom
○ Follow us on Instagram: https://www.instagram.com/businessandinvestingcom
○ Follow us on TikTok: https://www.tiktok.com/@businessandinvestingcom
○ Send your enquiries or drop by to say hello: grant@businessandinvesting.com



DISCLAIMER:

All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

EP 020: In this week's episode of the podcast, I sit down with Grant, my co-host and Aaron Whybrow, as we discuss 5 practical ways to increase your borrowing power. There is a lot more to borrowing power than meets the eye. So, if you are an Australian business owner, this will be worth your time.
 
Episode Highlights: 00:00 Welcome to Full Stack Business Owner 01:53 About Aaron, the bagpiping mortgage broker 05:07 How can you increase your borrowing capacity? 06:40 #1 Earn more money 09:53 Business growth vs increasing net profit 12:33 Can you leverage your partner’s income? 14:36 #2 Double down on debt 15:43 Types of debt 17:29 Not all debt is equal in the eyes of banks 22:00 Can you pay off bad debt with good debt? 23:06 Key debt to eliminate first 26:09 #3 Maintain your budget 28:02 Why you should track your personal and business budgets 29:45 Do banks consider income fluctuation? 33:41 #4 Buy an A-grade asset 36:34 How your investments affect your borrowing capacity 39:49 The dangers of underinvesting in your business 43:05 #5 Diversify your banks 44:35 How often do banks change their rules on lending? 47:51 Leverage the knowledge of mortgage brokers 49:53 Pay down your debt first 53:21 What happens to existing debt if your earning capacity drops? 57:00 Is there a ceiling to borrowing capacity? If you enjoyed this episode, be sure to subscribe, tune in and share this podcast! 
 
Resources: ○  Business and Investing website: <a href="https://www.businessandinvesting.com/">https://www.businessandinvesting.com/</a> ○  Business and Investing partners: <a href="https://businessandinvesting.com/partners">https://businessandinvesting.com/partners</a> About the Guest:  Aaron Whybrow is the founder of Diagnostics and Finance, a Financial Broking and Personal Risk Insurance Business.
Diagnostics &amp; Finance (ARW Financial Services Pty Ltd) is a Credit Representative 425540 of Finsure Finance &amp; Insurance ACL 384704.
He is known as the ‘bagpiping mortgage broker’, who prides himself on having no ‘flats’ in his career. He blends his experiences as a former intensive care unit nurse and medical sales rep to provide the best outcomes for his clients.  To connect with Aaron and his team of mortgage professionals, head over to <a href="https://businessandinvesting.com/partners/diagnostics-and-finance/">https://businessandinvesting.com/partners/diagnostics-and-finance/</a>
Subscribe: ○ Subscribe on Youtube: <a href="https://www.youtube.com/@businessandinvesting">https://www.youtube.com/@businessandinvesting</a> ○ Subscribe on Apple Podcast: <a href="https://podcasts.apple.com/au/podcast/business-investing/id1607453342">https://podcasts.apple.com/au/podcast/business-investing/id1607453342</a>
Connect with Business and Investing: ○ Join the Business and Investing Community: <a href="https://www.facebook.com/groups/440140397804480">https://www.facebook.com/groups/440140397804480</a> ○ Follow us on Facebook: <a href="https://www.facebook.com/businessandinvestingcom">https://www.facebook.com/businessandinvestingcom</a> ○ Follow us on Instagram:<a href="https://www.instagram.com/businessandinvestingcom"> https://www.instagram.com/businessandinvestingcom</a> ○ Follow us on TikTok: <a href="https://www.tiktok.com/@businessandinvestingcom">https://www.tiktok.com/@businessandinvestingcom</a> ○ Send your enquiries or drop by to say hello: <a href="mailto:grant@businessandinvesting.com">grant@businessandinvesting.com</a>
 DISCLAIMER:
All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

It’s absolutely possible for a business owner, like you, to have it all. The only limiting factor to success in your business and in your life is you, the business owner!

The Business & Investing podcast exists to help you overcome your limits. Hosted by successful Australian entrepreneurs Grant Merriel and Charley Valher, the show is dedicated to sharing information, insights and tools to help business owners, like yourself, build a stable, thriving business that unlocks your money and life goals.

Grant and Charley both dive into their own experiences with their fellow Australian business owners and trusted professionals to help you become the best Full Stack Business Owner.

*Disclaimer - We are just like you, Australian business owners, and everything we discuss is intended for entertainment and educational purposes only and is not financial advice. Always seek professional advice before making any decision when it comes to wealth creation.

It’s absolutely possible for a business owner, like you, to have it all. The only limiting factor to success in your business and in your life is you, the business owner!
The Business &amp; Investing podcast exists to help you overcome your limits. Hosted by successful Australian entrepreneurs Grant Merriel and Charley Valher, the show is dedicated to sharing information, insights and tools to help business owners, like yourself, build a stable, thriving business that unlocks your money and life goals.
Grant and Charley both dive into their own experiences with their fellow Australian business owners and trusted professionals to help you become the best Full Stack Business Owner.
*Disclaimer - We are just like you, Australian business owners, and everything we discuss is intended for entertainment and educational purposes only and is not financial advice. Always seek professional advice before making any decision when it comes to wealth creation.

Helping business owners generate wealth inside and outside of their business.

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