{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"10 Brutally Honest Money Lessons I Learned the Hard Way, with Ken Raiss","description":"What if you could sit down with someone who\u2019s spent over 50 years investing, building wealth, making mistakes, and getting it right\u2026 and ask them what they wish they\u2019d known about money from day one?   Most people think building wealth is about finding the right investment or timing the market perfectly.   But after more than 50 years of investing, I can tell you that\u2019s not what really makes the difference.   The biggest financial mistakes I\u2019ve seen \u2013 including some of my own \u2013 didn\u2019t come from bad markets. They came from misunderstandings about money itself.   In today's show, leading property tax expert Ken Raiss and I discuss the differences between long-term investing and speculation, and we analyse practical tips for property investment and asset management, focusing on quality assets and ownership structures.   Join us as we provide insights to help you make informed business and investment decisions in the face of market uncertainty.     Takeaways  Mindset is crucial for wealth creation. Delayed gratification leads to long-term success. Cash flow Buffer reduce investment risk. Strategic planning trumps luck. Fundamentals outweigh chasing hotspots. Long-term investing beats speculation. Quality assets drive sustained growth. Professional property management preserves assets. Clear financial plans provide purpose.   Links and Resources:   Answer this week\u2019s trivia question here - https:\/\/www.propertytrivia.com.au\/ \u00b7        Win a hard copy of What Every Property Investor Needs To Know About Finance, Tax And The Law \u00b7        Everyone wins a copy of a fully updated property report \u2013 What\u2019s ahead for property for 2026 and beyond.   Michael Yardney   Get the team at Metropole Wealth Advisory to create a Strategic Wealth plan for your needs. Click here and have a chat with us     Ken Raiss, Director of Metropole Wealth Advisory   Get a bundle of eBooks and Reports at: www.PodcastBonus.com.au    Also, please subscribe to my other podcast Demographics Decoded with Simon Kuestenmacher \u2013 just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.   About The Michael Yardney Podcast | Property Investment And Wealth Creation Australia   The Michael Yardney Podcast helps Australians build financial independence through strategic investing, wealth creation strategies and smart property decisions.   We go beyond property headlines to discuss: \u2022 Building long-term wealth \u2022 Creating intergenerational wealth \u2022 Passive income strategies Australia \u2022 Asset allocation and portfolio growth \u2022 Financial freedom through property \u2022 Strategic investing for professionals and business owners \u2022 Risk management and wealth protection \u2022 Structuring your investments for capital growth \u2022 Money management and financial habits   If you want to move from earning an income to building assets that fund your lifestyle, this podcast will help you think and act like a successful investor.   Discover more insights at:https:\/\/propertyupdate.com.auhttps:\/\/metropole.com.au ","author_name":"Property Investment & Wealth Creation Australia | The Michael Yardney Podcast","author_url":"https:\/\/michaelyardneypodcast.com.au","html":"