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66. Scott O'Neill - Self-made $300K in passive income by 28. Marketing BS or the real deal?

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Manage episode 341297270 series 1918697
Content provided by Aussie Firebug. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Aussie Firebug or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

I have an interesting episode for you guys today and I think you’re really going to like it. My guest today is Scott O’Neill. Scott bought his first investment property in 2010 with a $60K deposit after saving for 5 years. Just 8 years later, Scott and his wife had 28 properties generating $300K of profit each year plus around $7Million of equity. And Scott is very adamant that he didn’t receive any financial help, gifts, inheritance, living at home rent-free until his late 20’s etc. He’s self-made and agreed for me to dive deeply into exactly how he managed to do it.

Some of the topics we talk about today are:

  • Scott’s background. What type of socioeconomic situation did he come from? (00:06:24)
  • How did Scott come to be an investor? (00:11:41)
  • The schools Scott attended and what type of career he had once he graduated from uni? (00:14:13)
  • A timeline of Scott and his wife’s salary and savings rate during those 8 years from 2010 to 2018 (00:17:15)
  • How did the banks let him and his wife load up on that much debt? Especially during the APRA crackdown in the early/mid-2010s. (00:42:04)
  • How much of their success does Scott attribute to timing and luck vs skill and hard work? (01:00:26)
  • How much he personally draws from his buyer agency business even after reaching financial independence? (01:13:39)

Links

www.aussiefirebug.com/podcast

  continue reading

149 episodes

Artwork
iconShare
 
Manage episode 341297270 series 1918697
Content provided by Aussie Firebug. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Aussie Firebug or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

I have an interesting episode for you guys today and I think you’re really going to like it. My guest today is Scott O’Neill. Scott bought his first investment property in 2010 with a $60K deposit after saving for 5 years. Just 8 years later, Scott and his wife had 28 properties generating $300K of profit each year plus around $7Million of equity. And Scott is very adamant that he didn’t receive any financial help, gifts, inheritance, living at home rent-free until his late 20’s etc. He’s self-made and agreed for me to dive deeply into exactly how he managed to do it.

Some of the topics we talk about today are:

  • Scott’s background. What type of socioeconomic situation did he come from? (00:06:24)
  • How did Scott come to be an investor? (00:11:41)
  • The schools Scott attended and what type of career he had once he graduated from uni? (00:14:13)
  • A timeline of Scott and his wife’s salary and savings rate during those 8 years from 2010 to 2018 (00:17:15)
  • How did the banks let him and his wife load up on that much debt? Especially during the APRA crackdown in the early/mid-2010s. (00:42:04)
  • How much of their success does Scott attribute to timing and luck vs skill and hard work? (01:00:26)
  • How much he personally draws from his buyer agency business even after reaching financial independence? (01:13:39)

Links

www.aussiefirebug.com/podcast

  continue reading

149 episodes

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