podcast

Simple steps to improve your cash flow

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 78: The house sitting venture helping this young couple achieve their investment goals
Episode 77: How will the government's changes to tax depreciation impact investors?
Episode 76: SPI portfolio update: what's next for the team?
Episode 75: How travelling cross-country helped this investor buy 9 properties in 6 years
Episode 74: How this investor plans to double his portfolio within 10 years
Episode 73: Bad builders: how this investor bounced back
Episode 72: Policy changes to interest-only loans: what buyers need to know
Episode 71: How this 'stubborn' investor recognised a property lemon
Episode 70: How this investor complements each property and balances his portfolio
Episode 69: Are you a ‘lazy’ investor? Consider the benefits to working with a financial team
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