Dawn's community of business owners are hitting their 40’s and 50’s. As they are all self employed or business owners, they are starting to worry about life after work, from a financial perspective. A lot of them are considering investing in property, so Dawn has decided to interview an expert in this field…Tracy. In this episode, Tracy breaks down the reality of property investment, the many routes to entry, the multiple ways in which you can make extra income, and, if done right, how it can provide a nest egg for your future.

KEY TAKEAWAYS

• Becoming involved in the property business is a great way to make money to secure your future, but it’s not as easy as most make out. Tracy lays out the reality of becoming a property manager.
• Buying property and selling it on at a profit is one way to make an income, but the more popular, and economical, approach is ‘buy to let’. Tracy walks you through how this process works and how to get the best out of it.
• What if you don’t have the cash in the bank to go out and buy a property? You’re not alone, most people don’t. But, there are many strategies to raise finance, as Tracy explains.
• Once the money starts coming in, it’s just as important to manage it as it is to keep making it. Tracy outlines all the best ways to make sure you’re money is safe, to reduce your tax bill and how to keep making it grow.

BEST MOMENTS

“Make sure you get professional advice. Do you really want to build your future based on the opinions of the guy down the pub?”

“Before you do anything, ask yourself the most important question “What do I want out of this?””

“Property isn’t 100% passive, and anyone that tells you it is, is lying. Make sure you understand this before you jump in.”

EPISODE RESOURCES

Real Women on Instagram

Real Women Website

ABOUT THE HOSTS

Dawn and Tracy are real women who are fed up of all the “noise” out there in the real world. Life isn’t simply rainbows and unicorns, it's broken relationships, hard work, hot sweats and never ending laundry baskets. But life as a real woman is also about being honest, having good gossip and speaking our truths. Whether it’s peeling yourself into your spandex for a night out, or running a business meeting barefoot because the heel has fallen off your stilettos, there is always something to laugh about in life.

Dawn is mid 50’s mid menopause straight talking business maverick. Four kids, three grandchildren, two businesses, one husband and a self proclaimed “hottie”.

Tracy is a mid 50’s awesome mum, business and property mentor. Proud of her raw, honest nature, “bonkers” sense of humour and good old-fashioned northern humility.

PODCAST DESCRIPTION

The business of being a real woman juggling life, love and work for many of us is pure sweat, grit & hustle. This podcast is for those of you who are tired of the “noise” and just want real down-to-earth gossip with no filters or fluff. Dawn and Tracy bring heartfelt humour, raw honesty, spandex, stilettos, and intelligent conversion on being a real woman in today's world.