podcast

Simple steps to improve your cash flow

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Ben Kingsley, Director, Empower Wealth

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There are some small steps you can take to improve your cash flow and grow your portfolio

 

 

This is the science of property investment. Cash flow is everything when it comes to investing in property. If you can forward manage and forward project your cash flows then the chances are you can build a very successful property investment portfolio. In the event that you have challenges around cash flow for a period of time, there are a couple of great things you can do to help yourself in terms of releasing some of that cash flow. The first thing you can do is maybe switch your loans to interest only, and this may be interest on your principal loan - on your home, or it could also be insuring al your loans are interest only on your investment properties. The other thing you could look at doing is have a look at the family budget and see where the discretionary spending is and see if there's any way you could maybe cut back on a little of that discretionary spending which will ensure that you could hold on to this asset that's going to keep delivering more and more healthy outcomes for you into the future.

 

Listen to other instalments of The Smart Property Investment Show:
Episode 52: Will property prices fall? When? And by how much? What investors need to know
Episode 51: SPECIAL EPISODE: SPI team reveals all the financial details of its portfolio
Episode 50: 8 properties by 25: Former housing commission kid reveals how he changed his life and created wealth
Episode 49: How to build a sophisticated multi-property portfolio
Episode 48: ‘From just $2,000 in my pocket to 6 properties’
Episode 47: The SPI Show answers more listener questions: Special episode
Episode 46: 4 properties by 24 – how to build a portfolio without sacrificing fun, travel or food
Episode 45: Special guest Mark Bouris on what really makes property prices rise and when to invest
Episode 44: ‘11 properties by 31, now I’m stuck: What’s next?’
Episode 43: 22 properties by 30: Can Generation Ys build massive portfolios?
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