Why Financial Planning is Important

PIT EP 74 - Why Financial Planning is Important - Shot List Welcome to Property Investor Tales, Stories From The Front Yard, where we get to speak with people across Australia about their property investing journey. My name is Vicki Hines and I'm one of the Coaches at Positive Real Estate where I help people build wealth through property. With over 8000 clients across Australia and New Zealand, there are some incredible stories to tell, which hopefully will make your investing journey that little bit easier and will inspire you along the way. Today I have the privilege of chatting with Tracey Dwyer. Tracey has been in the Mentoring program since 2014. Tracey has built a great portfolio and has always been an extremely active member and she's continued to attend events both in person and online. As a result, she's a master of a wealth of knowledge as an investor and has built some wonderful investment muscle and some of the learnings that she's experienced, which should help both those starting out, as well as those who are those who are some way through their property journey. Enjoy this conversation between myself and Tracey. Summary Introduction to Tracey. 1:05 How did you become interested in real estate? 6:41 Learning new things about yourself. 11:29 Paying down debt to build equity. 15:56 The importance of having a budget. 21:23 What do your friends and family think about your investments? 26:12 How to get your daughter into the property market? 31:12 The value of joint venture investments. 36:50 The importance of having a clear financial plan. 42:54 Once you’ve listened to this episode, I’d love it if you hit the subscribe button so you get notified every time a new episode drops. I love hearing people's property investor tales so if you’d like to share yours then please get in touch with me via email at [email protected] You can watch all of these podcasts over on YouTube at Positive Mentor or at positivementor.com.au