{"id":6912,"date":"2016-07-04T07:31:43","date_gmt":"2016-07-04T07:31:43","guid":{"rendered":"http:\/\/yourpropertysuccess.com.au\/l\/?p=6912"},"modified":"2017-05-05T06:25:19","modified_gmt":"2017-05-05T06:25:19","slug":"ep-02-property-investment-fundamentals-jan-somers","status":"publish","type":"post","link":"http:\/\/yourpropertysuccess.com.au\/l\/ep-02-property-investment-fundamentals-jan-somers\/","title":{"rendered":"Ep 02: Property Investment Fundamentals with Jan Somers"},"content":{"rendered":"<div class=\"powerpress_player\" id=\"powerpress_player_3882\"><!--[if lt IE 9]><script>document.createElement('audio');<\/script><![endif]-->\n<audio class=\"wp-audio-shortcode\" id=\"audio-6912-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"http:\/\/traffic.libsyn.com\/yourpropertysuccess\/Ep2-Jan-Somers-Master.mp3?_=1\" \/><a href=\"http:\/\/traffic.libsyn.com\/yourpropertysuccess\/Ep2-Jan-Somers-Master.mp3\">http:\/\/traffic.libsyn.com\/yourpropertysuccess\/Ep2-Jan-Somers-Master.mp3<\/a><\/audio><\/div><p class=\"powerpress_links powerpress_links_mp3\" style=\"margin-bottom: 1px !important;\">Podcast: <a href=\"http:\/\/traffic.libsyn.com\/yourpropertysuccess\/Ep2-Jan-Somers-Master.mp3\" class=\"powerpress_link_pinw\" target=\"_blank\" title=\"Play in new window\" onclick=\"return powerpress_pinw('http:\/\/yourpropertysuccess.com.au\/l\/?powerpress_pinw=6912-podcast');\" rel=\"nofollow\">Play in new window<\/a> | <a href=\"http:\/\/traffic.libsyn.com\/yourpropertysuccess\/Ep2-Jan-Somers-Master.mp3\" class=\"powerpress_link_d\" title=\"Download\" rel=\"nofollow\" download=\"Ep2-Jan-Somers-Master.mp3\">Download<\/a><\/p><div id=\"gray-border\">\n<div id=\"attachment_437\" style=\"width: 160px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437\" class=\"wp-image-437 size-thumbnail\" src=\"http:\/\/yourpropertysuccess.com.au\/podcast\/wp-content\/uploads\/2016\/07\/JanSomers-150x150.png\" width=\"150\" height=\"150\" \/><p id=\"caption-attachment-437\" class=\"wp-caption-text\">Jan Somers<\/p><\/div>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">In today\u2019s show, we are privileged to be joined by best-selling author, educator and one of the biggest names in Australian property investment, Jan Somers. <\/span><\/p>\n<p style=\"text-align: left;\">Jan has literally been responsible for changing the lives of thousands of everyday Australians through her books and teaching on property investment. In this interview you will hear timeless and practical wisdom that you can put to use immediately and she also shares with us her amazing journey (including the mistakes) to property success.<\/p>\n<p style=\"text-align: left;\">This episode is about the fundamentals of good property investing that stand the test of time and so much more!<\/p>\n<\/div>\n<p><strong>SHOW NOTES<\/strong><\/p>\n<p>1:19 <span style=\"font-weight: 400;\">Who is Jan Somers?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">4:30 Jan shares her definition of wealth<\/span><\/p>\n<p><span style=\"font-weight: 400;\">5:45 Getting started in property investing<\/span><\/p>\n<p><span style=\"font-weight: 400;\">7:14 Jan\u2019s learns she can invest without paying off her home first<\/span><\/p>\n<p><span style=\"font-weight: 400;\">11:50 Mistakes made throughout her property investing journey<\/span><\/p>\n<p><span style=\"font-weight: 400;\">13:24 The importance of priorities<\/span><\/p>\n<p><span style=\"font-weight: 400;\">18:00 Books that helped Jan <\/span><\/p>\n<p><span style=\"font-weight: 400;\">20:35 How her system and strategy developed<\/span><\/p>\n<p><span style=\"font-weight: 400;\">22:00 Does Jan\u2019s simple philosophy work in today\u2019s market<\/span><\/p>\n<p><span style=\"font-weight: 400;\">25:10 How to avoid the lies and get rich quick schemes<\/span><\/p>\n<p><span style=\"font-weight: 400;\">27:02 The mistakes that people just starting out today are making<\/span><\/p>\n<p><span style=\"font-weight: 400;\">27:53 The compounding effect of time and debt to build wealth<\/span><\/p>\n<p><span style=\"font-weight: 400;\">29:00 Isn\u2019t it just easy to wait for the pension?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">32:00 The importance of knowing where to spend and where not to <\/span><\/p>\n<p><span style=\"font-weight: 400;\">33:05 Choosing a financial adviser<\/span><\/p>\n<p><span style=\"font-weight: 400;\">34:14 Why Jan became an author<\/span><\/p>\n<p><span style=\"font-weight: 400;\">38:16 Success stories from people who have read her books<\/span><\/p>\n<p><span style=\"font-weight: 400;\">40:10 Start with goals and the right attitude<\/span><\/p>\n<p><span style=\"font-weight: 400;\">43:10 Advice for those who want to take the plunge and start investing<\/span><\/p>\n<p><span style=\"font-weight: 400;\">44:45 Location and infrastructure<\/span><\/p>\n<p><span style=\"font-weight: 400;\">46:26 Which is better: A property with a low rental yield but a high capital growth or a property with a high rental yield but a low capital growth?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">47:24 Is it better to have many lower priced properties or fewer high priced properties?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">50:22 The steps to grow a portfolio and 2 ways to build equity<\/span><\/p>\n<p><span style=\"font-weight: 400;\">51:40 Student questions<\/span><\/p>\n<p><span style=\"font-weight: 400;\">1:03:25 Episode Recap<\/span><\/p>\n<p><span style=\"font-weight: 400;\">1:05:52 Suburbs Against the Clock<\/span><\/p>\n<blockquote><p>&#8220;<span style=\"font-weight: 400;\">Wealth is the abundance of what gives you pleasure.\u201d &#8211; Jan Somers<\/span><\/p><\/blockquote>\n<blockquote><p>&#8220;<span style=\"font-weight: 400;\">Stick to the formula, stick to the basic property, do what you enjoy doing and don\u2019t go out of your comfort zone.\u201d &#8211; Jan Somers<\/span><\/p><\/blockquote>\n<blockquote><p>&#8220;<span style=\"font-weight: 400;\">A location that\u2019s handy with a decent amount of infrastructure makes the best investment.\u201d &#8211; Jan Somers<\/span><\/p><\/blockquote>\n<p><b>RESOURCES AND LINKS<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Jan Somers Book: <\/span><a href=\"http:\/\/www.somersoft.com.au\/books.htm\"><span style=\"font-weight: 400;\">Building Wealth Story by Story<\/span><\/a><\/li>\n<li><span style=\"font-weight: 400;\">Jan Somers Book: <\/span><a href=\"http:\/\/www.somersoft.com.au\/books.htm\"><span style=\"font-weight: 400;\">Building Wealth Through Investment Property<\/span><\/a><\/li>\n<li><span style=\"font-weight: 400;\">Robert Allen Book: <\/span><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.amazon.com\/Nothing-Down-2000s-Dynamic-Strategies-ebook\/dp\/B000FC2IUS\/ref=sr_1_3?ie=UTF8&amp;qid=1467599034&amp;sr=8-3&amp;keywords=Robert+Allen+books+on+property+investing\">Nothing Down for the 2000s: Dynamic New Wealth Strategies in Real Estate<\/a><\/span><\/li>\n<li><span style=\"font-weight: 400;\">Thomas J. Stanley Book: <\/span><a href=\"https:\/\/www.amazon.com\/Millionaire-Next-Door-Surprising-Americas\/dp\/1589795474\/ref=sr_1_1?ie=UTF8&amp;qid=1467604831&amp;sr=8-1&amp;keywords=The+Millionaire+Next+Door\"><span style=\"font-weight: 400;\">The Millionaire Next Door<\/span><\/a><\/li>\n<\/ul>\n<p><b>ALSO MENTIONED<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Somersoft <\/span><a href=\"http:\/\/www.somersoft.com.au\/pia.htm\"><span style=\"font-weight: 400;\">PIA Software<\/span><\/a><\/li>\n<\/ul>\n<p><strong>TWEETABLES<\/strong><\/p>\n<p>[bctt tweet=&#8221;Luck comes with a lot of hard work &#8211; Jan Somers&#8221;]<br \/>\n[bctt tweet=&#8221;I never put at risk what I already have &#8211; Jan Somers&#8221;]<br \/>\n[bctt tweet=&#8221;Good debt is ok &#8211; Jan Somers&#8221;]<br \/>\n[bctt tweet=&#8221;It\u2019s not about what you earn, it\u2019s about what you do with what you\u2019ve got &#8211; Jan Somers&#8221;]<\/p>\n<p><strong><a href=\"https:\/\/s3.amazonaws.com\/YPS\/01+Podcast\/Episode+02+Property+Investment+Fundamentals+with+Jan+Somers.pdf\" target=\"_blank\">DOWNLOAD TRANSCRIPT<\/a> <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In today\u2019s show, we are privileged to be joined by best-selling author, educator and one of the biggest names in Australian property investment, Jan Somers. Jan has literally been responsible for changing the lives of thousands of everyday Australians through her books and teaching on property investment. In this interview you will hear timeless and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised"],"_links":{"self":[{"href":"http:\/\/yourpropertysuccess.com.au\/l\/wp-json\/wp\/v2\/posts\/6912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/yourpropertysuccess.com.au\/l\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/yourpropertysuccess.com.au\/l\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/yourpropertysuccess.com.au\/l\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/yourpropertysuccess.com.au\/l\/wp-json\/wp\/v2\/comments?post=6912"}],"version-history":[{"count":3,"href":"http:\/\/yourpropertysuccess.com.au\/l\/wp-json\/wp\/v2\/posts\/6912\/revisions"}],"predecessor-version":[{"id":7041,"href":"http:\/\/yourpropertysuccess.com.au\/l\/wp-json\/wp\/v2\/posts\/6912\/revisions\/7041"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/yourpropertysuccess.com.au\/l\/wp-json\/wp\/v2\/media\/6914"}],"wp:attachment":[{"href":"http:\/\/yourpropertysuccess.com.au\/l\/wp-json\/wp\/v2\/media?parent=6912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/yourpropertysuccess.com.au\/l\/wp-json\/wp\/v2\/categories?post=6912"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/yourpropertysuccess.com.au\/l\/wp-json\/wp\/v2\/tags?post=6912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}