Putting property at the forefront of financial planning with Andrew David Courtney Ep. 43

For the latest episode of this bonus series of the property investing journey, Mike is joined by Strategic Financial Adviser and Plenitude Wealth Strategist, Andrew Courtney, to talk about the role of property in financial planning and why most financial planners tend to focus more on shares and insurance.

Andrew brings a unique perspective to the usually dry topic of financial planning. He looks at wealth creation holistically and believes that good investing comes down to the smart allocation of your resources, being time, energy, and focus.

In this insightful conversation, Andrew explains the difference between shares and property as an investment vehicle, and talks through the implications of a margin call when the share market is in a downturn. Together Mike and Andrew explore the element of luck in succeeding in shares, and point to the potential for Mum & Dad investors to potentially be at the mercy of big corporations using AI and algorithms to time the market.

Andrew works closely with his clients, setting them up with a solid strategy so that they only need to spend a total of 10 hours on their finances per year. He takes into account his clients’ wealth goals and looks at the income level they are seeking for financial freedom, working backwards to create an investment target.

Mike and Andrew discuss the opportunity cost of paying down the family home, and consider a balanced approach to leveraging the equity available from the principal place of residence.

If you’re looking to hear from a financial planner who speaks the property language, you can’t go past this episode. Packed full of valuable insights and pragmatic advice, Andrew and Mike cover off some of the trickier points of investing and provide practical next steps for your financial journey.

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Mike is joined by Strategic Financial Adviser and Plenitude Wealth Strategist, Andrew Courtney, to talk about the role of property in financial planning and why most financial planners tend to focus more on shares and insurance. Andrew brings a unique perspective to the usually dry topic of financial planning. He looks at wealth creation holistically and believes that good investing comes down to the smart allocation of your resources, being time, energy, and focus.

• Why financial planners focus more on shares and insurance than property
• Margin calls – what makes property investing different to the share market
• The element of luck
• The importance of resource allocation
• Focusing on the things that you can control
• The opportunity cost of paying down your home loan
• Andrew’s three tips for the next steps in your financial plan

“It’s because it’s unregulated, and if you cut the long story short, because it’s unregulated you can’t get paid as a financial planner with the property” Andrew 2:27

“You mentioned before that it’s a finance game. At the end of the day you’ve got a certain amount of capacity that you can utilise for the game of your financial future whatever that sort of goal and that target looks like for you”  Mike 5:36

“I don’t really like using the word retirement because it tends to be attached to 60-65 year old individuals. I’m inclined to think you can get there a hell of lot faster if you’re smart with your money.” Andrew 15:20

“A lot of people are just obsessed with paying down their mortgage, not realising the opportunity cost of not investing somewhere else” Andrew 16:49

Links mentioned

https://www.linkedin.com/in/financialadviserstlucia/

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