Dave and John talk about how they learnt to understand the investing world to help their families secure their future. The goal is to free up time and reduce stress so that parents can be more present with their kids and enjoy the small moments! Links to all mentioned resources below!

Show runsheet:

• You’ve got control over your finances and have a surplus, now what?
• Assets vs liability - Assets bring money in, and liabilities cost you money
  • Is your home a liability?
• Different asset types
  • Investment properties, shares, business.
  • Shares:
    • What are they? - small pieces of businesses for you to own, which change in value (hopefully increase) and often pay dividends when the business is profitable
• What our investing philosophies are
  • Dave: Property is the centerpiece and shares are on the fringe
  • John: Shares are the centerpiece and entrepeneurship is on the fringe
• Pros and cons of property and shares
• List of resources:
  • Equity Mates - Get started investing playlist - https://open.spotify.com/show/2ZzAxuxFmQ1U78pL3RMxns
  • InvestED - value investing - https://open.spotify.com/show/0lsnMTJtjubPtXDiSOGpFr
  • The Property Couch - https://open.spotify.com/show/09ofZB3Y6309Q88HZSzlop
  • Aussie Firebug - https://open.spotify.com/show/0qtgsURJynMebHSQcFwqTt
  • The Little Book that (still) beats the market - Joel Greenblatt - https://open.spotify.com/episode/3dKkfy3bnVysDN5GhsoSUx
  • The Dhando Investor - Monish Phabrai - https://open.spotify.com/show/5P4AyV2R7BobWufalW6kl8
  • Rule 1 Investing - Phil Town - https://open.spotify.com/show/00isQs80c5XvBAPd1sPLSD
  • Money Smarts - Bryce Holdaway & Ben Kingsley - https://thepropertycouch.com.au/product/make-money-simple/
  • The Armchair Guide to Property Investing - Bryce Holdaway & Ben Kingsley - https://www.thearmchairguide.com.au/order-form-528524771642987655481

DAD HACKS

• John: Go see a tax professional to help formulate tax effective ways to structure your finances - there are a lot of laws and strategies so use professionals to find your best outcome.

• Dave: Involve your kids in your exercise regime.
  • Time poor
  • Bike rides
  • Runshow to
  • Fun at the park

It might be two weeks late, but the boys pulled through to bring some chat around financial nesting. They talk about why they both took on cleaning up their personal finances, how they got control, reduced stress and began accumulating weatlh with every paycheck. What are the bonuses? Having the freedom to change jobs whenever, stop worrying about bills, and ultimately buy back time to spend with their kids

Disclaimer: This is not financial advice, there are no guarantees. If you're looking for personalised advice, seek help from the professionals near you

'Rich Dad Poor Dad' - Robert Kiyosaki: https://www.audible.com.au/pd/Rich-Dad-Poor-Dad-Audiobook/B00FGA7BUG?action_code=ASSGB149080119000H&share_location=pdp

'The Barefoot Investor' - Scott Pape: https://www.audible.com.au/pd/The-Barefoot-Investor-Revised-and-Updated-Edition-Audiobook/B072JX1MH6?action_code=ASSGB149080119000H&share_location=pdp

Show Runsheet:

'Know thy self, know thy enemy, a thousand battles, a thousand victories' - Sun Tzu

KNOW THY SELF:

• Why accumulate wealth?
  • Provide safety for our family
  • Reduce stress over bills that contribute to tension in our relationships
  • Buy back time from ‘the man’ to spend with family and friends (coaching sport teams)
  • Provide maximum opportunity for our children to be creative and provide the best impact they can on society.
• Why did it take us so long to get into it?
  • I believed that a high income was how you got rich
  • I hate math, and I assumed finance was really boring
  • I did not realise that wealth accumulation was behavioural, not a strict budget and constant excel spreadsheeting
• Discuss how our personalities impact our money management
  • Johns creative chaos vs Dave’s considered calculation

• Money Management:
  • Track expenses (atleast 3 months worth)
    • Gives you an idea of where you are over spending
    • You become more conscious of your spending
  • Use the excel cashflow budget - it has graphs!
    • Budgets need to be forward facing, but you need to review at the end of each month
• Work out the best money system for you
  • Dave: Savings, weekly expenses and splurge account. All incoming money into savings account, all bills come out of savings. I pay myself each Thursday from my savings (amount is based on my budget) into weekly expenses and splurge account. This must last all week.
  • Other people like to have heaps of accounts for all their different expenses ie. fuel, groceries, shopping, holiday accounts. If it works for you great, however it takes more work.

KNOW THY ENEMY

• Finding the enemy from the allies
  • Shop around on your “fixed” bills
    • Speak to a mortgage broker about your interest rate.
    • Review all insurances (car, home/contents, life, TPD, income protection) yearly.
  • Budget your discretionary spending ie. eating out, subscriptions, shopping, gym, in app spending, haircuts haha
• The enemy is consumerism and unchecked spending
• The Hedonic Treadmill

Dave and John talk about being in the thick of the newborn phase, from changing clothes for the first time, hearing tests (for the babies, not the husbands) and how much time to take off work.

The boys share their experience of baby blues and how they could best support their partners in their roles of caring for the newborns.

The Wonder Weeks: https://www.thewonderweeks.com/

The 5 S's for Getting Baby To Sleep: https://www.happiestbaby.com/blogs/baby/the-5-s-s-for-soothing-babies

How to Cut Your Own Hair: https://www.youtube.com/watch?v=eUwR_CbezmQ

Modern Day Dad Challenges:

• Dave’s Surprise: The golden bullet strikes again
  • I believe the words used where ‘baby making machine’
• Hospital stay:
  • First night - what our experiences were
  • Tests done on babies in the hospital:
    • hearing
    • Hepatitis b and vitamin K vaccine
  • Breast feeding
    • Collecting colostrum
    • Latching
    • Many opinions presented as fact
    • Nipple confusion - bottles and dummies
  • Skin to skin contact
  • Swaddling to stop moro reflex
• Back home:
  • Putting bub in the car seat for the first time
  • Introducing bub to pets
  • The importance of the first month - western vs eastern cultures
  • How long to take off work
  • Challenges we faced
    • Dave: Overtiredness, learning wake windows, googling fucking everything, first bath, being overly anxious about her sleep
  • Baby blues:
    • Mood swings, anxiety, stress, overwhelm. 80% of women experience the baby blues
    • Occur between 3-5 days post birth
    • Rapidly changing hormone levels that happen during birth and soon after.
    • Birth experience can also play a role
    • PND rate according to the national institute of health ‘Postpartum depression most commonly occurs within 6 weeks after childbirth. PPD occurs in about 6.5% to 20% of women. It occurs more commonly in adolescent females, mothers who deliver premature infants, and women living in urban areas.’

• Eat, burp, change, sleep, repeat (and cuddles)
• ‘Sleep while baby sleeps’
• Nappy changes
  • Dont leave poop too long as it can cause skin irritation
  • Any redness of skin needs cavilon, bepanthan, sudocrem
  • Female anatomy, wipe front to back
  • Male anatomy, get all the crevices
• Tummy time, contrasting colours
• Trying to eat meals while they’re still hot

What Dad’s Didn’t Teach (John): 5min

• Alex's Pram modification
• Teach your wife to cut your hair - actually, thats a risk, cut your own hair
  • Talk about the fade tutorials on YT

Dad Hack/Advice (Dave): 5min

• Make household chores fun with toddlers:
  • As blokes we constantly have a to do list of what needs to be done around the house
  • Get the kids involved and make a game of it
  • Studies show that kids who are involved in chores at a young age tend to do better academically and have improved problem solving skills
  • Kids love to feel needed and part of the team “help”

In todays episode, Dave and John jump into their family experiences of second and third trimester. They chat about scans, plans, testing and nesting and all the miscellaneous purchases they made before the kids arrived.

The Dads share hacks like the nappy trolley (with links below), styling your beard to shape your face - which will make you look exactly like David Beckham and you will be as rich as him. All the while Dave suggests to train your children to play the sport you like, and then teach them a pub game so they're occupied while you drink 46 schooners.

Ikea RASKOG - https://www.ikea.com/au/en/p/raskog-trolley-yellow-30496650/?utm_source=google&utm_medium=surfaces&utm_campaign=shopping_feed&utm_content=free_google_shopping_clicks_Kitchen&gad_source=1&gclid=Cj0KCQiAv8SsBhC7ARIsALIkVT2kNophP3hjn030ZhijFTh2x8wOWPocgSCyFElG6RUBxOXg45bDxKsaAm4FEALw_wcB

Runsheet:

• Trimester 1 - what we missed last week:
  • When to share pregnancy news and with who
  • 12 week scan - 12-13 weeks. Looking to see if baby is developing as expected.
• Second Trimester
  • 20 week scan. Again looking to see if baby is developing as expected. This is the scan where the sonographer can tell you the gender.
• Should you attend appointments with your partner
• Tests - NIPT (NIPT done in trimester 1) looking for hereditary diseases
  • Non-invasive prenatal testing - looking at chromosomal disorders eg. down syndrome. Can also determine babies gender earlier than 20 week scan
  • Costs associated with testing
• Pregnancy insomnia
• Now is the time to buy everything - generally your partner is feeling good in second trimester (morning sickness is hopefully gone).
  • What should and shouldn't you spend money on in preparation for babies arrival

• Third Trimester
  • Johns partner, Renee described it as ‘ fucking sucks’ and said she was:
    • Fat
    • Couldn't breath
    • Couldn't get out of bed
    • Felt like a burden
  • Prep for labour
    • Refer to first poddy
• Nesting
  • Kitting out babies room
  • What does your wife actually need
  • Making a breastfeeding/nappy trolley

Dad hacks!

• Learn your face shape and cut your hair and beard to match
• Getting your kid into the sports you enjoy, like golf, and darts so they are kept busy while you delete a few froths in the pub

Todays episode dives into John and Daves experience of the first trimester, from confirming pregnancy by blood tests to crazy hormones, and keeping healthy during pregnancy. John comes clean about enjoying a cheeky lung lolly before Renee came along, and the boys chat about food avoidance in pregnancy. Top foods to avoid turns out to be potting soil and ham from the bin!

John's dad hack cover foot health and getting your running shoes fit, and Dave gets organised with a household shared calendar

Topics!

• Even though you know if was your cheeky birthday gift, the medical team can never truly tell what day conception was, so to standardise it, aging starts at the last period prior to positive pregnancy result
• A lot of women track their period to find the ovulation window and will therefore know what their period date should be. But it's not uncommon to have irregular periods

• Hormonal storm and why your wife’s a yelling at you
  • Hormones are messengers across the body and certain factors can influence their behaviour, and therefore the messages they pass on. Pregnancy influences a few particular hormones, estrogen and progesterone (female hormones) - which are the same hormones at play in period mood swings

• Keeping healthy
  • quitting vices
    • Darts and alcohol are a no go unfortunately for those who treat themselves to a cheeky lung lolly - same rules for digital and analogue cigarettes
  • morning sickness,
    • Hyperemesis gravidarum
    • Anti emetics, prescribed and natural
    • Occurs whenever
    • Preempt that this will happen - get prescriptions from your GP on the first visit
  • diet and sleep

• So you want sushi and soft serve? - understanding risks with food

Non spon mentions

Factfulness - by Hans Rosling - https://www.amazon.com.au/Factfulness-Reasons-World-Things-Better/dp/1250107814

So what do I actually have to avoid - Beyond the Bump Podcast https://podcasts.apple.com/au/podcast/beyond-the-bump/id1484930949?i=1000605061956

Tommy Tippe Nappy Bin - https://www.tommeetippee.com/en-au/shop/changetime/nappy-disposal-systems?gad_source=1&gclid=CjwKCAiA5L2tBhBTEiwAdSxJXz2Ko15LHNflK5A7XlnY86_v_WUhld4EB6xUqMDypnvxbBBIta2vWBoC5n4QAvD_BwE&gclsrc=aw.ds

Today's episode discusses the fairly new father's experience of falling pregnant. We bust a few myths about fertility, and we take a 'lads look' at the menstrual cycle to understand our partner's journey to pregnancy. We chat about Dad vs. Mum nesting and optimising fertility through exercise and general 'ball' management.

Today's Dad Hacks include house organisation and increasing success rates of new years goals to up to 95%

Pregnancy and Menstrual Cycle Tracking App: Flo - https://flo.health/

Today's episode introduces us, the (fairly) new fathers, Dave and John as we discuss everything we learnt from the birth of our kids! Including:

• How to Dad when Mum is in labour
• What to do to prepare for the big day
• What to do during the day
• What to do in the days following

As well as some major tips that no one talks about, like how to fart your baby: https://www.tiktok.com/@kaseybuscemi/video/6990261669913971974?is_from_webapp=1&sender_device=pc&web_id=7317550422586885634