Money Minded

#6 How to Supercharge your Savings


Listen Later

Ask us a question or suggest a topic 🤙

In the second instalment of the escape plan series, Ryan and Terry delve into what makes the difference between savers and spenders. Along the way, they explore the reasons why saving seems to be harder than ever and the false dichotomy inside our mind that stops us from even trying. Terry explains why the way you spend is the most important determinant of saving, and what you can do to flip the script and change the game. 

Also in this episode:

  • The anatomy of an impulse purchase, and the one crucial strategy for breaking the cycle. 
  • What empathy has to do with saving and investing. 
  • The little known law of behavioural economics that can be leveraged to make you more resourceful and minimise mindless spending. 
  • How to spend and get what you want in a way that makes saving more rewarding. 
  • The one lifestyle item you must prioritise for liberal spending if you are to succeed at sustainable saving (and a simple tool to discover what it is)
  • Two universal principles all successful savers apply relentlessly and the specific systems and structures that must exist to support them. 

If you've tried and failed to save successfully in the past, this episode can explain why. If you've set an intention to get better with managing your money, this episode will help you figure out what you need to do and how to do it.

Private podcast community
Click here to get to know us better, debrief episodes and access our top 100 resources. 

Turn insights into action with Terry's episode coach

Join our podcast community
Get live updates, talk shop with us and meet like minded legends in our digital treehouse. Click here to get access now.
🔗 https://www.facebook.com/groups/4609737389252111

Find out your financial skill score
Do you have the money skills to fund your goals? Take the 4 minute quiz here
🔗 https://financialskill.scoreapp.com/


...more
View all episodesView all episodes
Download on the App Store

Money MindedBy The Cashflow Co

  • 4.3
  • 4.3
  • 4.3
  • 4.3
  • 4.3

4.3

7 ratings


More shows like Money Minded

View all
Aussie Firebug by Aussie Firebug

Aussie Firebug

10 Listeners

The Property Couch by Bryce Holdaway & Ben Kingsley

The Property Couch

49 Listeners

Investopoly by Stuart Wemyss

Investopoly

13 Listeners

money money money by Glen James

money money money

54 Listeners

Equity Mates Investing Podcast by Equity Mates Media

Equity Mates Investing Podcast

53 Listeners

Australian Investors Podcast by Rask

Australian Investors Podcast

19 Listeners

Australian Finance Podcast by Rask

Australian Finance Podcast

23 Listeners

this is property by John Pidgeon & Rachelle Kroon

this is property

3 Listeners

Get Started Investing by Equity Mates Media

Get Started Investing

33 Listeners

SugarMamma’s Fireplay by Canna Campbell SugarMammaTV

SugarMamma’s Fireplay

48 Listeners

Dev Raga Personal Finance by Dev Raga

Dev Raga Personal Finance

5 Listeners

Retire Right by Glen James

Retire Right

21 Listeners

Australian Property Podcast by Rask

Australian Property Podcast

6 Listeners

Aussie FIRE | Financial Independence Retire Early by Hayden Smith & Dave Gow

Aussie FIRE | Financial Independence Retire Early

4 Listeners

Australian Retirement Podcast by Rask

Australian Retirement Podcast

9 Listeners