The Michael Yardney Podcast

Over the years I’ve spent a lot of time studying rich people, and over the last decade I’ve personally mentored some very successful people. Along the way, I’ve become much more successful as well. I’ve written about success in my books and my blogs, and we discuss these topics in this monthly Rich Habits Poor Habits podcast. This is the second in a series focusing on the Success Habits of the rich. In today’s show, we’ll continue to look at some of the main success habits of the rich.

While the Labor party have indicated that if they come into power they intend to introduce a number of taxes that will directly affect our property market, the 2019 Liberal Federal Budget made little mention of our property markets. However there was plenty of good news in the Federal Budget and many of the key initiatives will help promote economic growth which will be positive for our property markets. Listen and we'll explain

Negative gearing is set to be a key issue in the upcoming federal election. If elected, Labor intends to reform the practice with the aim of improving housing affordability. The problem is Labor’s proposed policy will affect every Australian home owner and all property investors is designed to put downward pressure on home prices and improve affordability, particularly for first home buyers. But will it really be as bad for property prices as some media commentators suggest? Maybe not!

History shows us that our property markets move through a cycle. There’s a downturn, followed by a stabilisation phase, then an upturn, then a boom. And then the cycle starts all over again. Now that we’re in a downturn phase of the property cycle, I want to share some valuable lessons that I’ve learned from past property cycles. I’ll be explaining what you can do when you find that the property markets have gone a little crazy.

What will the property markets be doing for the rest of 2019? And what can we expect to happen after 2019? In today’s episode, I’ll be asking those questions of property researcher John Lindeman who joins us to talk about why he disagrees with many of the so-called experts predicting long-lasting house price falls and what he bases his analysis on.

Are you interested in getting into property development? If so, the insights in today’s episode can help you on your journey. And even if you’re not planning on getting into property development yourself, you can still learn a lot about property selection and how the mind of a successful property developer works by listening to the interview in today’s episode. In this special bonus episode, you’ll hear Dan Gold of Long Property interview my son, Bryce Yardney.

Many commentators are worried that the current crisis in consumer confidence will impact economic growth. They suggest that the negative wealth effect of falling house values could lead to a cut in consumer spending which could lead to Australia into recession. Today Ken Raiss and I explain what's going on and why we’re not going into recession

These are times of financial and economic turmoil. With the current uncertainty and many changes on the horizon, it’s time to go back to the big picture. Today, I’ll be joined today by Ahmad Imam, and we’re going to talk about 24 of those big picture ideas that everyone should understand about investing and the economy.

Just over 30 years ago I began my study of rich and successful people. Of course, not all rich people are successful, and not all successful people are rich; but remember I was much younger and more naïve then and wanted it all. I’ve found rich people share similar habits. While we explain this in some detail in our book RICH HABITS POOR HABITS, in today’s podcast we begin a series where we discuss… 21 Success Habits of The Rich ….

Mentors are an important part of your success. They help you get further in life, whether that’s in property investment, entrepreneurship, or just in how you handle your money. In today’s show I’m going to share with you some lessons that I’ve learned from one of my mentors, Warren Buffet. I’ll also have a conversation with Ahmad Imam about FOBO – what it is and how to cure it.

To be successful in the current more challenging property markets, you not only need to know what to do, but just as importantly you need to know what not to do. So in today’s show, we’re going to talk about what not to do in property in 2019. I also have a bit of a controversial mindset moment to share with you. And I’ll chat with Ahmed Imam about the questions you should ask an agent before you make an offer so you understand how to take advantage of this buyer’s market.

I was asked to put together a list of simple rules that distilled my property investment philosophy, so in today’s episode, I’ll give you 9 simple property investment rules to go by. In my mindset moment, I’ll share 2 inspirational quotes that have helped me and that might be helpful for you as well. Then we’ll discuss some of the differences that separate rich people and poor people. Hopefully, by the end of the episode, you’ll be a little wiser when it comes to money, property, and succ

How do I invest? What approaches do I use and which strategies do I use? In this show I explain that there is no “secret” to successful property investing, but there is a strategy I use to boost my chances of success. I also discuss the true cost of financial freedom and share some ideas people tend not to talk about

Most of us want to become rich. In today’s show, I’m going to debunk some of the biggest myths about rich people. The myths that have developed around wealth and rich people are not only interesting but within these myths and the realities behind them, we may find clues as to how we can become wealthy ourselves.  It’s important to challenge these misconceptions because how you think about money and rich people can determine how successful and wealthy you become.

All investing is associated with some level of risk. But if you’re taking on too much risk, you may be speculating, when you think you’re investing. In today’s episode, I’m going to talk about the difference between investing and speculating as well as a number of myths about risk that most investors don’t understand. Then I'll have a chat about the risk of getting scammed. You may be surprised to learn that Australians lose more than a million dollars a week in scams.