Money Minded

#60 How to stay on track and avoid shiny object syndrome


Listen Later

Ask us a question or suggest a topic 🤙

In this episode, Ryan and Terry discuss the most important mechanism for developing a sense of conviction and direction for your financial future: your financial plan. It's well known that behaviour accounts for the majority of investor returns, and a well constructed financial plan is one of the most important behavioural tools that exists. And, it is much simpler than we're often led to believe. If you want to know how to avoid the biggest mistakes most investors make, this episode is for you.

Also in this episode:

  • What a financial plan actually is (and what it's not) 
  • The three 'jobs' a financial plan must accomplish 
  • The 6 core elements any financial plan should have 


👉  Level up with Compass
Get started using the only habit formation system for personal finance.

Other Links

  • Show notes: Click here to see notes on this show and all resources & links mentioned.
  • Private podcast community: Click here to get to know us better, debrief episodes and access our top 100 resources.
  • Corporate program: Click here to find out more about our workplace program
  • Follow us on Instagram: Click here to see behind the scenes of our business and learn more about personal finance in bite-sized chunks.

Join the live weekly workshop with Terry
Discover the proven 3 part process we use in the Money Mentorship to help our members turn bold ambitions into fully-funded, real-life outcomes.
To save your spot, click here

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/


Success Stories 👇

Rachael Taylor | Retired early

🎧 listen here and here

Helen and Chace | Escaped cubicle nation
🎧
Listen here and ...

...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
The Property Couch by Bryce Holdaway & Ben Kingsley

The Property Couch

73 Listeners

Property Investment Podcast Network by Momentum Media

Property Investment Podcast Network

25 Listeners

The Money Puzzle, with James Kirby by The Australian

The Money Puzzle, with James Kirby

44 Listeners

Equity Mates Investing Podcast by Equity Mates Media

Equity Mates Investing Podcast

59 Listeners

Investopoly by Stuart Wemyss

Investopoly

14 Listeners

money money money by Glen James

money money money

54 Listeners

Australian Investors Podcast by Rask

Australian Investors Podcast

21 Listeners

Australian Finance Podcast by Rask

Australian Finance Podcast

27 Listeners

this is property by John Pidgeon & Rachelle Kroon

this is property

8 Listeners

SugarMamma’s Fireplay by Canna Campbell SugarMammaTV

SugarMamma’s Fireplay

51 Listeners

Friends With Money by Money Magazine

Friends With Money

13 Listeners

Get Rich Slow Club by Ana Kresina & Natasha Etschmann

Get Rich Slow Club

6 Listeners

Australian Property Podcast by Rask

Australian Property Podcast

9 Listeners

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

Aussie FIRE | Financial Independence Retire Early

2 Listeners

Financially Fierce by Jess Brady

Financially Fierce

2 Listeners