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!
Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f

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:
<ul>
<li aria-level="1">Investopoly Episode 253: The typical life cycle of an investor <a href="https://podcasts.apple.com/ph/podcast/the-typical-life-cycle-of-an-investor/id1348458167?i=1000609537175">https://podcasts.apple.com/ph/podcast/the-typical-life-cycle-of-an-investor/id1348458167?i=1000609537175</a></li>
<li aria-level="1">Listen to Stuart Wemyss’ podcast Investopoly <a href="https://podcasts.apple.com/ph/podcast/investopoly/id1348458167">https://podcasts.apple.com/ph/podcast/investopoly/id1348458167</a></li>
<li aria-level="1">Investopoly by Stuart Wemyss <a href="https://amzn.to/3OkkTpu">https://amzn.to/3OkkTpu</a></li>
<li aria-level="1">Visit our website <a href="https://www.homebuyeracademy.com.au/">https://www.homebuyeracademy.com.au/</a></li>
<li aria-level="1">Learn how to buy property without making a mistake with our 10-step online course for first time home buyers <a href="https://homebuyeracademy.com.au/YFHBG">https://homebuyeracademy.com.au/YFHBG</a></li>
<li aria-level="1">If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast <a href="mailto:support@homebuyeracademy.com.au">support@homebuyeracademy.com.au</a></li>
<li aria-level="1">Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au">https://www.gooddeeds.com.au</a></li>
<li aria-level="1">Work with Veronica: <a href="http://www.veronicamorgan.com.au">https://www.veronicamorgan.com.au</a></li>
<li aria-level="1">Looking for a Brisbane Buyers Agent? <a href="https://www.propertypursuit.com.au/">https://www.propertypursuit.com.au/</a></li>
<li aria-level="1">Work with Meighan: <a href="https://www.linkedin.com/in/meighanwells/">https://www.linkedin.com/in/meighanwells/</a></li>
</ul>
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!
<ul>
<li aria-level="1">Subscribe on YouTube: <a href="https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast">https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast</a></li>
<li aria-level="1">Subscribe on Apple Podcasts: <a href="https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825">https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825</a></li>
<li aria-level="1">Subscribe on Spotify: <a href="https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f">https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f</a></li>
</ul>

Your First Home Buyer Guide. Get there without missing a step.

Your First Home Buyer Guide. Get there without missing a step.

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