In this episode, Sanjeev dives into Bhavya’s inspiring story of growth, from initial uncertainties and learning curves to purchasing three investment properties and achieving considerable financial success.
Through this candid conversation, Bhavya emphasizes the importance of starting small, understanding market dynamics, and empowering oneself with financial knowledge especially for women seeking to establish financial independence. Join us as we explore how strategic investments can yield significant value appreciation and positive cash flow.
— TIMESTAMPS —
(00:00:00) Intro
(00:03:49) Bought Unit in Sydney: Transition to Investment
(00:07:23) Learning Through Mistakes: Property Sale and Loan Pay-off
(00:12:06) COVID’s Impact: Hybrid Work and Regional Investment Boost
(00:14:49) Housing Market Struggles: Fear of Rising Prices
(00:18:18) Investment Properties: Positive Experiences Summary
(00:21:18) Investing: Easing Financial Stress and Family Commitments
(00:22:45) Financial Support: Entrepreneurial Transition in 2019
(00:27:50) Stick to Budget: Start, Educate, Motivate, Succeed
(00:30:58) Self-Care for Happiness, Empowerment, and Success
(00:33:14) Leveraging Bank’s Money: Safe Asset Growth
(00:34:56) Outro
— QUOTES —
“We just only went through our convenience, what would work, our location, easy maintenance and that’s what we want.”
”And the knowledge that we gained through the whole process was like, wow, why didn’t we know this before? So whatever I said, the mistakes we learned, it was then that we started realizing that, oh, my God, if only I had done this way, it would have been a different story for us now.”
“Oh, that’s totally a misconception because I think the population only keeps growing. And now COVID has taught us so much that it’s become a hybrid working model, at least for most of us. So our homes where we live and what we do has become more important and we are no more stuck to the city life and want to be closer to the city.”
“It’s only getting harder. Sanjeev, I’ll be honest with you, with the interest rate hikes, haven’t made any change, its property has not come down, it’s not even paused, to be honest.”
“Having the right property buying agent or the local. We got hooked onto the local agents who are doing very well in that area. They know the area in and around. So that gave us that. Who took away our stress? We didn’t really have to do anything apart from making decisions, right.”
“A small example being, as I said, we are trying to look at upgrading. So if I didn’t have any of this, and if I just had not invested and I just had the owner occupy, I think we would have struggled to get our foothold and that, okay, we have to get in all our savings, not have any flexibility and it would have been a different challenge.”
“Don’t go beyond your budget or what you can contribute to with less stress or what you’re able to do. Just get started. I’m just saying, just get started.”
“Try and diversify and think of other ways of doing it. And yeah, probably these are my top three things.”
“I think first thing is empower yourself with that knowledge of investing.”
“And the minute we contribute towards taking care of ourselves, we are happy women. Happy wife is happy life. So the minute we are happy, we are able to give that time to our children, our partners, and that stress has gone away.”