We all dream of financial success, and for many, property investment is a path that promises long-term prosperity. It's easy to get swept up in the allure of strategies that promise quick returns, but how do we know if these tactics are built on substance or mere hype? How do we tell the difference between solid investment choices and empty promises?

In this episode, we explore the intriguing realm of exclusive access and so-called "secret recipes." There's always someone offering a shortcut to prosperity, but what's the evidence behind their claims? We also dive into the stories of these "sub advisors" who confidently tout untested methods. What drives their confidence, and how do they build businesses without solid foundations?

Joining us today is Stuart Wemyss, a respected financial planner and author with a keen focus on both finance and property. Stuart is a trusted voice in the realm of finance, known for his down-to-earth explanations of complex concepts. What sets him apart is his commitment to evidence-based approaches. Instead of pushing quick fixes, Stuart values a well-informed perspective that's free from hidden agendas.

By the end of this episode, you'll be better prepared to navigate the complex world of property investment with a discerning eye. Tune in now to join the conversation and gain insights that could reshape your investment approach.

Episode Highlights:

00:00 - Introduction

01:21 - Who is Stuart Wemyss?

03:08 - Has Stuart’s philosophy and fundamental beliefs changed?

04:48 - Is the mortgage brokers industry undergoing a transformation?

10:53 - What factors contribute to the "all or nothing" mentality in property investment?

13:09 - The complexities of property investment compared to shares

20:28 - The misconceptions associated with timing the property market

24:58 - The volatility of the property market

26:03 - What are the common mistakes in asset selection that property investors make?

30:17 - Why is considering long-term consistency important in evaluating property investments?

34:49 - Alternative property investment strategies for individuals with limited budgets

37:45 - Alternatives to property investment recommended for building retirement wealth

39:46 - Stuart’s thoughts on investing in the share market while saving for property deposit

43:31 - The pros and cons of buying property within a superannuation fund

50:01 - Factors to consider when deciding between a home upgrade and property investment

54:55 - Stuart Wemyss’ property dumbo

About Our Guest:

Stuart Wemyss is a qualified chartered accountant, independent financial adviser and mortgage broker with over 20 years' experience. His business, ProSolution Private Clients, has helped hundreds of people invest successfully. Stuart is licensed to provide financial, credit and tax advice, which means he's able to give holistic advice.Stuart has always believed in the need for people to be able to access trustworthy, independent financial advice. Nothing upsets him more than to hear about selfish advisers ripping off their unsuspecting clients! This passion is what drives him daily to write books and blogs, publish podcasts, appear in the media, advise his clients, mentor his staff and give presentations &– whatever it takes to help more people access a source of unbiased information and advice.

Connect with Stuart Wemyss:

Resources mentioned in this episode:

Episode 39: Where Can You Get Excellent Financial & Property Advice? https://theelephantintheroom.com.au/podcasts/039
Episode 126: Lending Rules & Predicting the Property Market https://theelephantintheroom.com.au/podcasts/126
Episode 162: Houses vs Apartments https://theelephantintheroom.com.au/podcasts/162
Episode 225: Getting Started With Commercial Real Estate Investing https://www.theelephantintheroom.com.au/podcasts/225

Resources:

Visit our website https://www.theelephantintheroom.com.au
If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast questions@theelephantintheroom.com.au
Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
Work with Veronica: https://www.veronicamorgan.com.au
Looking for a Mortgage Broker? https://www.blusk.au
Work with Chris: hello@blusk.au

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Ep #21 - La clause de préférence