Todd Sloan, host of the Pizza and Property podcast, is a savvy property investor with a $6.3 million portfolio. He shares his journey from a real estate agent to an investor, emphasizing lessons learned from building wealth through strategic choices. Todd discusses the challenges of analysis paralysis and how to overcome them, along with the significance of calculated risks in property investment. He advocates for an empowering mindset in young investors, offering practical advice to navigate the property landscape and achieve financial success.
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question_answer ANECDOTE
Todd's First Property Loss Experience
Todd's first property was a unit bought in 2007 for $281,000 that barely appreciated in 10 years.
This taught Todd the importance of committing seriously and learning from early mistakes.
insights INSIGHT
Property Market Cycles and Affordability
Market affordability gaps vary but will fluctuate over time, offering differing opportunities.
The property market works in cycles with highs and lows, not steady growth.
volunteer_activism ADVICE
Manage Risk to Overcome Fear
Evaluate the worst-case scenario and mitigate risks until comfortable before taking action.
Understand your protection measures like savings buffers and landlord insurance before investing.
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The book offers insights and advice on how to analyze and approach business deals and investment opportunities to think strategically and avoid common pitfalls. By mastering the concepts taught in this book, readers can enhance their decision-making abilities and increase their chances of success in the business world.
Think and Grow Rich
Napoleon Hill
Published in 1937, 'Think and Grow Rich' is a seminal work in the self-help genre. The book is the result of over twenty years of research by Napoleon Hill, who studied the habits and achievements of more than 500 successful individuals, including Andrew Carnegie, Thomas Edison, and Henry Ford. Hill distills their wisdom into thirteen principles that, when practiced with persistence and faith, can transform dreams into reality. These principles include the power of desire, faith, specialized knowledge, organized planning, and the role of the subconscious mind. The book emphasizes the importance of maintaining a positive mental attitude, setting clear and specific goals, and taking consistent action to achieve success. It also explores the concept of the 'Master Mind' alliance and the need to overcome fears and doubts to achieve one's objectives.
Rich Dad Poor Dad
What the Rich Teach Their Kids about Money - That the Poor and the Middle Class Do Not
C.P.A. Sharon L. Lechter
Robert Kiyosaki
The book tells the story of Robert Kiyosaki's two fathers: his 'poor dad,' a highly educated but fiscally poor man, and his 'rich dad,' the father of his best friend who was a successful entrepreneur. It emphasizes the importance of financial education, distinguishing between assets and liabilities, and building wealth through investing in assets such as real estate and businesses. Kiyosaki argues that a good education and a secure job are not guarantees for financial success and provides practical lessons on how to make money work for you rather than working for money[1][3][5].
The Power of Habit
Why We Do What We Do in Life and Business
Charles Duhigg
In this book, Charles Duhigg explores the science of habit formation and change. He explains the 'habit loop' consisting of a cue, a routine, and a reward, and how understanding this loop can help in changing bad habits or forming good ones. The book includes numerous examples from various fields, such as how Procter & Gamble successfully marketed Febreze, how Alcoa transformed its business by focusing on safety, and how individuals like Olympic swimmer Michael Phelps and civil-rights hero Martin Luther King, Jr. benefited from specific habits. Duhigg argues that by harnessing this science, individuals and organizations can transform their lives and businesses[2][4][5].
While everyone’s busy yelling on socials about their “next big thing” Todd Sloan of Pizza and Property been keeping it low-key and quietly stacking a $6.3M portfolio.
All while he sits behind the mic asking folks how to be better property investors.
No flashy branding. No Lamborghini rentals. Just solid properties, $270K a year in rent, and a 50% LVR.
He’s the guy asking the questions in all those interviews, but this time, we're turning the mic around. You don’t hear this kind of honesty often.
The mistakes, the wins, the random $100K profit on a reno he just pulled off in Victoria. Real property chat from someone who’s actually in the trenches.Topics we'll be talking about include:
The Juicy Insights He has gained from Building His Portfolio + Interviewing 100's of others! This one is bound to be juicy and actionable
What He's Up To Now With His Investing
How He Would Start Knowing What He Knows Now
If there's something that's keeping you up at night about building your multi-million dollar property portfolio this is one that is going to help you on your property & wealth creation journey!
For Those Who Want To Learn More About "Levelling Up" Their Property Investing, Make Sure To Jump On The To Check Out The Level Up Property Course