40 property investment lessons I learned in the last 4 decades

Property Investment, Success & Money | The Michael Yardney Podcast

Hindsight is a wonderful thing, isn’t it?

Let me ask you a question… with the benefit of hindsight and knowing what you know now, if you had the opportunity to do so, would you have bought an investment property 40 years ago?

I bet your answer would be yes, realising that the median property price in Sydney was $68,500 back then and that you could have bought a median-priced property in Melbourne for just $40,000.

So today I share 40 valuable lessons learned from over five decades of property investment.

Takeaways

• Hindsight's a wonderful thing, isn't it?
• Successful investors have a long-term strategy.
• Don't do what most property investors do.
• The biggest risk is not doing anything.
• Location will do 80% of the heavy lifting.
• Don't rely on the media for your investment strategies.
• A change in your thinking will lead to a change in your life.
• You improve at what you practice intentionally.
• Time spent worrying is time that you could spend identifying opportunities.
• Never give up, you need resilience.

Chapters

04:14 Key Lessons from 40 Years of Investing

04:41 Understanding Market Cycles and Trends

06:57 The Importance of Long-Term Strategies

11:05 The Role of Debt and Financial Management

14:17 Surrounding Yourself with the Right Team

16:33 The Importance of Quality Advice

19:45 Understanding Property Data and Market Dynamics

22:57 Mindset and Emotional Management in Investing

26:34 Learning from Mistakes and Resilience

28:29 The Masterclass of Daily Practice

31:13 Choosing What to Practice for a Better Life

31:33 Introduction to the Podcast and Demographics Decoded

Links and Resources:

Michael Yardney

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Shownotes plus more here: 40 property investment lessons I learned in the last 4 decades