Listen "Life Update- Finance challenges!"
Episode Synopsis
In this episode, I give an update on Passive Income Doctor, and how portofolio is faring- interest rates in last 2 years gone from 2% to 6.5%. Headline inflation has been 7%p.a but when I see property prices, grocery prices, it seems more like 10-20%.I also talk about finance challenges- obstacles in obtaining lending. I discuss the current 3% interest rate servicing buffer, DTI limits.I finish with some practical tips how to get through difficult financial times, and finish with mindset minute of the week: "Wealth is the transfer of money from the impatient to the patient. "Articles of interest:Overview | Statement on Monetary Policy – May 2023 | RBAWhy Is the Consumer Price Index Controversial? (investopedia.com)APRA holds 3% serviceability buffer - Mortgage BusinessOther resources/links:Buying my first property at 23 years oldMusic Credit: Bass Nation.New episode every fortnight.Send in your questions to: passiveincomedoctors[AT]gmail.comIf you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos
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