Are you thinking about building a property portfolio but not sure where to start? Getting the foundation right is pivotal and can be achieved through a streamlined process developed by Max Phelps, author of ‘Getting your money $hit together’.
Max draws from his extensive experience in finance, building his own international property portfolio and many years advising clients on how to build their portfolios.
Using the Five-2 Money Diet as a starting point, Max focuses on helping people to stop worrying about money, retire young and enjoy their life along the way.
“Most people don’t realise that achieving their financial goals is not about getting the next promotion or salary increase.
It’s more important to get clarity and control over your finances, as well as enjoying life”, said Max.
In the book, Max covers off his Five Ps for financial freedom :
- prepare for a first home by being awesome at saving, while enjoying guilt-free spending
- plan to buy strategically for a lifetime of changing property needs and leapfrog your peers
- purchase a first and second home confidently, despite how scary and exciting it can be
- build a property portfolio like a pro, while managing risk
- pay down debt, retire young and give back to help others.
You can listen as Max explains his strategies and provides insights into some of his own and his clients purchases by clicking the link above.
If you want to enjoy your life now, while building a future and life on your terms, grab a copy of the book – see link below.
About the author
Debra Beck-Mewing is the Editor of the Property Portfolio Magazine and CEO of The Property Frontline. She has more than 20 years’ experience in buying property Australia-wide and has extensive experience in helping buyers use a range of strategies including renovating, granny flats, sub-division and development. Debra is a skilled property strategist, and a master in identifying tailored opportunities, homes and sourcing properties that have multiple uses. She is a Qualified Property Investment Advisor, licensed real estate agent and also holds a Bachelor of Commerce and Master of Business. As a passionate advocate for increasing transparency in the property and wealth industries, Debra is a popular speaker on these topics. She is also an author, podcast host, and participates on numerous committees including the Property Owners’ Association.
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Disclaimer – This information is of a general nature only and does not constitute professional advice. We strongly recommend you seek your own professional advice in relation to your particular circumstances.