Toui’s Story

I feel I’m a time-poor professional, busy life, three young children, demanding job as it goes, keen interest in learning about property investing. But understanding the amount of hours required, we chose the Do It For You option.

I use this tool called Microsoft Money.

The biggest limitation there though, was that it’s a US-based tool, so it doesn’t have any nuanced functions that Australia has—offset accounts, negative gearing, a debt reduction planner—because it doesn’t deal with interest only. So I think that’s what was bugging me at that stage.

Because of those limitations, I didn’t have a clear picture of when my debt was going to retire.

When I went through the process with Stuart, he showed me that clearly in the Empower Wealth tool, and it bridged the gaps for all of those things that I was looking for.

For me personally, it was this huge, overwhelming sense of relief.

For the Property Plan with Stuart, once the final piece of the puzzle was sorted out, I could mentally put or set that aside and focus now on the key targets we need to hit, um, for our next investment property purchase.

Let’s have a think about what we want in retirement. Maybe it is the option of the choice of an overseas trip every year in first-class business class, a luxury car, every five to 10 years, um, giving back to the community in some capacity and looking after our parents, if they require and leaving a legacy for our kids. So those key things are the ones that, okay, well then given that, what does that look like when you attach figures to it?

Stuart helped us work through it like, okay, based off of that, then what do you need?

This is what we need to do, and this is how we need to do it. And this is how much you need, and these are the next steps.

So that detailed plan of working backward from your goal, that was, that was gold for me.

This is the key thing. A lot of people think that maybe how you’re going to build a portfolio of property to actually give you that passive income and the 140K… seven, eight, however many houses, but with our super, which was included in the calculations, we only need four properties, and one of those properties is our primary place of residence. So we’ve got an investment property now and we only need two more.

 

Note

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