Ep. 110: Breaking the mould for the next generation of investors, with Max Jennings

In this instalment of the Geared for Growth podcast, Mike teams up with Max Jennings, a remarkable property investor, who at the age of 21, has already built an impressive property portfolio and is just getting started. Max shares his captivating story and offers invaluable advice on getting ahead in the property game, regardless of your age and background.

Max embarked on his savings journey at the age of 14, recognising the power of compound interest. By harnessing his earnings from his job at McDonalds, he laid the foundation for his financial growth, driven by his ambition to put his money to work for him.

Mike leads the discussion by questioning Max about the distinctive qualities that have propelled his success and how he nurtured his ambitions from a young age. Max challenges the notion that his achievements stem solely from living at home and illustrates how others can replicate his success.

Max recounts his initial hesitance towards paying lenders mortgage insurance, prompting a conversation between Mike and Max about the advantages and disadvantages of LMI. They delve into Max’s yield strategy and why it’s so important to him to achieve set criteria, and Max explains his ultimate goal of having the choice of early retirement even though he will likely continue to work and invest in property.

Regardless of where you are in your property journey, this conversation is undeniably inspiring. Max’s achievements over just seven years are truly impressive and his determination to succeed is infectious.

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Mike teams up with Max Jennings, a remarkable property investor, who at the age of 21, has already built an impressive property portfolio and is just getting started. Max shares his captivating story and offers invaluable advice on getting ahead in the property game, regardless of your age and background.

• Breaking the mould of property investing
• Growing a portfolio of four properties from an early age
• The power of hard work and compound growth
• The pros and cons of Lender’s mortgage insurance
• Max’s 8% yield strategy
• The freedom of early retirement
• Challenging preconceptions of the current market
• Moving from residential investing to commercial

“I’d say 17 I knew I wanted to buy a property at least my first one. I don’t think I saw the scope for how many I’d have by now. Certainly from 18 I knew what I was going to achieve” 2:51

“I believed that 8% was a really good point to be at because then the holding was easy. It’s always good to buy properties but if you can’t hold on there’s no point and selling costs are quite incredible sometimes especially if it’s in such a short time frame as well ’cause you have to if you’re distressed” 9:04

“I think I’ve had quite a head start as well from 14, boom, that’s when I had my mind set then I’ve just continued that I’ve just had time on my side. They talk about compound interest for seven years and then you really get the snowball happening I’m at 7 years now so I’ve had quite the snowball” 12:47

“I think the freedom of early retirement, being able to do it is probably more powerful than actually doing it ’cause I think I enjoy working with what I’m doing and what I will be doing so it’s not the necessity to retire ’cause that’s a bit empty but being able to and having the freedom to choose you know what, I have no financial hardship” 15:46

“I was looking for another resi one and my borrowing capacity just simply wasn’t there because resi’s already have that negative gear buffer the banks love to put on it” 20:54

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