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10 Brutally Honest Money Lessons I Learned the Hard Way, with Ken Raiss

Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

Release Date: 06/10/2026

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Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

House prices are falling across most of our capital cities right now, and the rate of decline is actually picking up speed.   Now, I know what the headlines are going to say about that. They'll call it a crash, a correction, a crisis — and frankly, most of those headlines will be written to scare you, not inform you.   So what's really going on? Is this the beginning of something serious, or is this just a market catching its breath after three extraordinary years of growth?   Today, I cut through the noise as I am joined by Dr. Andrew Wilson Chief Economist at My...

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Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

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What if you could sit down with someone who’s spent over 50 years investing, building wealth, making mistakes, and getting it right… and ask them what they wish they’d known about money from day one?

 

Most people think building wealth is about finding the right investment or timing the market perfectly.

 

But after more than 50 years of investing, I can tell you that’s not what really makes the difference.

 

The biggest financial mistakes I’ve seen – including some of my own – didn’t come from bad markets. They came from misunderstandings about money itself.

 

In today's show, leading property tax expert Ken Raiss and I discuss the differences between long-term investing and speculation, and we analyse practical tips for property investment and asset management, focusing on quality assets and ownership structures.

 

Join us as we provide insights to help you make informed business and investment decisions in the face of market uncertainty.

 

 

Takeaways 

  • Mindset is crucial for wealth creation.
  • Delayed gratification leads to long-term success.
  • Cash flow Buffer reduce investment risk.
  • Strategic planning trumps luck.
  • Fundamentals outweigh chasing hotspots.
  • Long-term investing beats speculation.
  • Quality assets drive sustained growth.
  • Professional property management preserves assets.
  • Clear financial plans provide purpose.

 

Links and Resources:

 

Answer this week’s trivia question here - https://www.propertytrivia.com.au/

·        Win a hard copy of What Every Property Investor Needs To Know About Finance, Tax And The Law

·        Everyone wins a copy of a fully updated property report – What’s ahead for property for 2026 and beyond.

 

Michael Yardney

 

Get the team at Metropole Wealth Advisory to create a Strategic Wealth plan for your needs. Click here and have a chat with us

 

 

Ken Raiss, Director of Metropole Wealth Advisory

 

Get a bundle of eBooks and Reports at: www.PodcastBonus.com.au 

 

Also, please subscribe to my other podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.

 

About The Michael Yardney Podcast | Property Investment And Wealth Creation Australia

 

The Michael Yardney Podcast helps Australians build financial independence through strategic investing, wealth creation strategies and smart property decisions.

 

We go beyond property headlines to discuss:

• Building long-term wealth
• Creating intergenerational wealth
• Passive income strategies Australia
• Asset allocation and portfolio growth
• Financial freedom through property
• Strategic investing for professionals and business owners
• Risk management and wealth protection
• Structuring your investments for capital growth
• Money management and financial habits

 

If you want to move from earning an income to building assets that fund your lifestyle, this podcast will help you think and act like a successful investor.

 

Discover more insights at:
https://propertyupdate.com.au
https://metropole.com.au