In our emails this year we have discussed money to make you think about:

• Your behaviours and habits towards it
• How you save and spend it
• How to manage it and use it to build wealth
• How you view your own value against it

However, money can be a sensitive and personal topic for many people.

Discussing it can feel uncomfortable.

This discomfort impacts how we use and learn about money.

It hinders our education around it, impacts our relationship with it, and distorts how we value it.

Many of my students, and other people that I meet, ask me how to achieve financial security. It's a topic of conversation I am often involved in.

Talking about money in a practical way has never been an issue for me.

But I am often surprised at how uncomfortable many people are in these conversations.

It's motivated me to think about why talking about money is so taboo when it's a fundamental part of our lives?

There are a variety of reasons why people don't talk about money.

They are all co...

Is it time to get hustling?

At Rising Star we often refer to a side hustle.

It occurred to me the other day when I was speaking to a student that not everybody knows what this is.

Plus, it's always been on my radar.

I firmly believe in the power of a side hustle to build wealth and lifestyle.

I have started two.

Both have been life changing!

My first side hustle was my property development company.

This allowed me to quit a job I didn't enjoy, earn more income, build my wealth, and achieve a lifestyle I wanted.

It’s now no longer a side hustle but my full time gig.

My second was a Rising Star Developer.

This one had the same intent - creating lifestyle and wealth - but not for me - for others.

By definition a side hustle is a small business or a gig that is started in addition to a full-time job.

It is a way to supplement income, pursue a passion, or simply have the freedom to make extra money.

The popularity of side hustles has skyrocketed in recent years, as more and m...

When it comes to property development, one factor stands out above all others: location. The success of any property development project heavily relies on the careful consideration and selection of the right location. In this article, we will explore why location plays a pivotal role in property development and why it should be a top priority for any developer..

"Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world." - Franklin D. Roosevelt, the 32nd President of United States of America

Accessibility and convenience

A prime location is characterised by its accessibility and convenience. Properties situated in areas with easy access to transportation networks, major roads or highways, public amenities, and essential services tend to attract a larger pool of potential buyers or tenants. That’s why it is highly important to recognise the val...

How to access equity to fund a property deal?

You have found the site.

You have crunched the numbers.

You are ready to get started.

But...

You need to fund it!

One of the first things to do when considering doing a development is to work out how to get access to equity to fund your deal.

This was one of our greatest hurdles when we first started. 

We had to sit down and explore all our finances before jumping into developing our first development. 

The takeout here is that this is the first hurdle to jump straight over!

There are a number of ways to free up equity to fund a project. 

Here are some tips and ideas to consider to help you do just that.

Refinance your existing mortgage

If you own your own home, one option is to refinance your existing mortgage.  

This is how my husband financed our first property development.

It sounds like a bold move... and it is.

But if you do your numbers right, the risk is low and it will allow you to use the equity in your home to fun...

We all need money to survive.

Especially in today’s competitive world. 

Where recently life has become expensive and living costs are on the rise. 

The cost of food is higher.

Flights, fuel, and travel have become more expensive. 

Add to this the extra costs that didn’t exist for the generation before us.

Such as the need to keep up with consumer technology, COVID debt, and higher tax bills.

Plus, it's important to also think about life after work.

Will you be able to live off your superannuation? How much do you need? Will the government change the rules?

The list goes on!

It’s no easy road and it can feel like you are living from paycheck to paycheck.

Facing the impossible task of trying to get ahead.

This is exactly where my husband and I were six years ago.

It was this feeling that motivated our desire and motivation for change.

That forced us to change our relationship with the money we earn and our respect for how we used it.

It was uncomfortable to make this chang...

Are you ready to start your first development?

A question I get asked but a lot of my students is...

Am I ready to do a deal?

This is SUCH an important question!

It's also one that many don't consider before jumping into a development.

If you're new to property development, one of the biggest challenges you'll face is understanding if you're financially ready to take on a project.

With so many different costs and expenses to consider, it can be hard to know where to start.

To be ready you must have a strong understanding of your revenue streams, expenses, and debts.

It's important to understand:

• your lifestyle
• family financial commitments
• the impact it could have on these things.

When I started out I spoke to professionals, banks, financial advisors, and friends who had experience on where and what these impacts might be.

As detailed below, the common advice I received was to consider the following five areas, and to understand a resulting financial position.

I hope t...

Are you ready to set sail on your journey towards success?

Today, we're delving into two essential steps that not only make success possible but also inevitable.
It may sound audacious, but it's firmly grounded in a simple truth: Success is a product of dedicated effort, unwavering commitment, and a constant pursuit of self-improvement.

Step 1: Work on What You Want

Dreams and aspirations are the sparks that ignite your journey, but they alone won't get you to your destination.
Success demands action—a deliberate, determined effort to make your dreams a reality. This involves:

• Learning from the Best: Seek guidance from those who've already achieved what you want to achieve. Their wisdom can act as a compass to speed up your progress.
• Take Purposeful Action: Knowledge is vital, but it's the application of that knowledge that propels you forward. Success is a series of small, consistent steps.
• Unwavering Consistency: Commit to showing up, day after day, with consistency. Even on th...

Introduction:

The Australian property market is undergoing a remarkable transformation, offering enticing prospects for those eager to invest. In this blog post, we'll explore the latest developments in the Australian property market and why now is the ideal time to seize these opportunities.

A Resilient Market:

Since February 2023, the Australian property market has been on a robust path to recovery, bouncing back from the challenges of the previous year. The following factors have been instrumental in this resurgence:

1. Tight Supply: The market has seen a shortage of available properties for sale, which has led to an upward pressure on prices.
2. Increased Demand: A surge in buyer demand, especially from first-home buyers and investors, has been a notable trend.
3. Stronger Economy: Australia's economy is thriving, with low unemployment rates and rising wages, contributing to the overall market positivity.

Acknowledging Challenges:

While the market is flourishing, it's essenti...

Property development projects offer exciting opportunities for individuals looking to create wealth, gain financial independence, or simply enhance their lifestyle. However, embarking on such ventures without proper knowledge and guidance can be risky. In this article, we will explore the do's and don'ts of property development projects, shedding light on essential factors that can make or break your success in this dynamic field.

The Do's of Property Development Projects

Thorough Research

Before diving into any property development project, conduct comprehensive research. Understand the local real estate market, demographic trends, zoning regulations, and potential risks and rewards associated with the area. This knowledge will help you make informed decisions throughout the project.

Develop a Clear Plan

Create a well-defined business plan for your property development project. Outline your goals, budget, timeline, and projected returns. A clear plan acts as a roadmap, guiding yo...

In today's dynamic world, achieving financial security and creating wealth is a goal that resonates with people of all ages and backgrounds. Whether you're a young professional starting your career, a family looking to secure your future, or someone nearing retirement, implementing effective wealth creation strategies is crucial. In this article, we will explore a range of strategies tailored to different stages of life, empowering you to take control of your financial destiny.

Building a Strong Foundation: Early Career

When you're just starting out in your career, it's essential to lay a solid foundation for wealth creation. Here are a few key strategies to consider:

Invest in Yourself

Education and continuous learning play a vital role in your career growth and earning potential. Acquire new skills, pursue advanced degrees, or explore specialised training to enhance your professional value.

Save and Budget

Establish a habit of saving and create a budget that aligns with your fi...