Nada and Adrian came to Pivot with one property and a plan to buy another. Adrian also had a list of his own: refinance the house, buy the second property, buy a $130,000 car, then take a holiday. His words for how that would have gone are not repeatable in a description.

Three months in, the plan looks nothing like that. Two weeks after their strategy session the federal budget landed and changed the maths on the second property entirely, so they went back to the drawing board and ended up somewhere they'd never seriously considered. This is an honest look at what the first few months of getting advice actually feels like, including the admin, the arguments about a $2,000 suit, and the moment it clicked.

WHAT YOU'LL GET OUT OF IT

• What their plan was before they got advice, and what it would have cost them

• How the budget forced a full rethink two weeks after the strategy was set

• Choosing shares over a second property, and how they got comfortable with it

• Aligning as a couple when one of you wants to travel and the other wants a car

• The money myths they both believed, including that earning more means keeping more

• Planning around starting a family and the income dip nobody accounts for

• What surprised them most about the process

• What they'd tell someone who thinks they don't have enough money for advice

CHAPTERS

00:13 Rapid fire round

17:59 Intro

20:34 What was on their mind before they got advice

24:38 The turning point

27:02 What staying stuck would have cost them

28:08 What surprised them about the process

31:19 The moment it clicked

33:17 How they talk about money now

36:02 The frustration that's gone

36:49 What they're working towards

38:34 Why the budget made them choose shares over property

40:11 What Reece said that stuck

41:08 Advice for anyone on the fence

43:10 What if you think you can't afford advice

45:45 Advice to their 21 year old selves

Smarter money moves start here.

Learn how to cut through the noise, avoid expensive mistakes, and get ahead faster.

FREE 7-DAY MONEY CHALLENGES

Pick one and see what changes in a week: https://pivotwealth.com.au/challenges/

WORK WITH US

Book a no-strings call: https://www.pivotwealth.com.au/booking

More about Pivot Wealth: https://www.pivotwealth.com.au

BEN'S BOOKS

Virgin Millionaire: https://amzn.to/3VFPPDM

Replace Your Salary by Investing: https://amzn.to/3J9Ta8g

Get Unstuck: https://amzn.to/3xo0MQG

All books: https://www.pivotwealth.com.au/books

FOLLOW

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TikTok: https://www.tiktok.com/@bentalksmoney

YouTube: https://www.youtube.com/c/BenNashPivot

Facebook: https://www.facebook.com/pivotwealth/

DISCLAIMER

This podcast is for education only and doesn't take into account your personal circumstances. It's not financial advice. If you buy a financial product, read the PDS and TMD, and seek advice tailored to your situation. Ben Nash and Pivot Wealth are authorised representatives of Fish Tacos Pty Ltd, ABN 14 649 248 082, AFSL 533055.

Same money, same returns, same twenty years. One fund charges 0.2%, the other charges 1%. The difference is more than fifty thousand dollars, and Shani Jayamanne ran the numbers before she walked into the studio.

Shani is an Investment Specialist at Morningstar, co-host of Investing Compass and co-author of Invest Your Way. Morningstar runs a study twice a year comparing what funds return against what the investors in those funds actually get, and the funds win by 1.2% a year. Shani explains where that gap comes from, why Australians are among the best in the world at closing it, and what that has to do with the fact that someone else decides when your super goes into the market.

WHAT YOU'LL GET OUT OF IT

• The gap between investment returns and investor returns, and exactly what's causing it

• Why losses hurt more than twice as much as gains, and the two mistakes that come from it

• What a 1% fee really costs you over twenty years

• Why more investment options make people less likely to invest at all

• What happens to your returns if you miss the ten best days in the market

• Lump sum versus dollar cost averaging, and where Ben disagrees with the research

• Why the most sophisticated investors tend to have the simplest portfolios

• The investment specialist who doesn't pick stocks, and why

CHAPTERS

00:21 Intro

00:44 The biggest mistake Australian investors make

01:30 Mind the Gap: your fund beat you by 1.2%

02:30 Why compulsory super makes Australians better investors

04:00 Loss aversion, and why losses hurt 2.25 times more

06:11 Do men and women invest differently

06:30 Complexity is not sophistication

08:00 Boring is profitable

10:30 The chart a colleague left on her desk

12:00 Why more choice means less action

15:22 Thematic ETFs and the AI question

19:43 Growing up with cash and property and no shares

22:00 Fifty dollars a week on a $56,000 salary

24:16 What changed in how she invests

26:30 What a 1% fee really costs

27:55 Where markets are and what's already priced in

29:27 Lump sum or drip feed, and Ben pushes back

33:24 Advice to her 21 year old self

SHANI JAYAMANNE, MORNINGSTAR

Investing Compass on Apple: https://podcasts.apple.com/au/podcast/investing-compass/id1533956604

Investing Compass on Spotify: https://open.spotify.com/show/70E7mbBaJOFuVQOGhxWsK3

Invest Your Way: https://amzn.to/46qMXAu

Morningstar Australia: https://www.morningstar.com.au

Smarter money moves start here.

Learn how to cut through the noise, avoid expensive mistakes, and get ahead faster.

FREE 7-DAY MONEY CHALLENGES

Pick one and see what changes in a week: https://pivotwealth.com.au/challenges/

WORK WITH US

Book a no-strings call: https://www.pivotwealth.com.au/booking

More about Pivot Wealth: https://www.pivotwealth.com.au

BEN'S BOOKS

Virgin Millionaire: https://amzn.to/3VFPPDM

Replace Your Salary by Investing: https://amzn.to/3J9Ta8g

Get Unstuck: https://amzn.to/3xo0MQG

All books: https://www.pivotwealth.com.au/books

FOLLOW

Instagram: https://www.instagram.com/pivotben

TikTok: https://www.tiktok.com/@bentalksmoney

YouTube: https://www.youtube.com/c/BenNashPivot

Facebook: https://www.facebook.com/pivotwealth/

DISCLAIMER

This podcast is for education only and doesn't take into account your personal circumstances. It's not financial advice. If you buy a financial product, read the PDS and TMD, and seek advice tailored to your situation. Ben Nash and Pivot Wealth are authorised representatives of Fish Tacos Pty Ltd, ABN 14 649 248 082, AFSL 533055.

Everyone's calling it a crash. Louis Christopher runs SQM Research, one of Australia's biggest property data houses, and he says that word is wrong. What we're in is the largest downturn in 10 to 15 years, but the one ingredient every genuine housing crash has ever needed is missing here.

Louis breaks down where the market actually is, which cities are falling hardest, and which pockets are barely moving at all. We get into what the budget's tax changes are really doing to investor behaviour, why rents have stalled when everyone expected them to spike, and what he'd buy if he were putting money in today.

WHAT YOU'LL GET OUT OF IT

• The difference between a correction and a crash, and why a 10% property fall hurts more than a 10% sharemarket fall

• Why Australia isn't set up for a US or Ireland style collapse

• The city by city forecasts for the rest of the year

• What happened to rents after the negative gearing changes, and why the answer is more concerning than it looks

• Which markets are holding up, and the ones carrying the most risk right now

• How long this downturn runs, and what the long term growth rate looks like from here

• Whether the 6.8% long term average still holds

CHAPTERS

00:00 Intro

00:25 Where the property market actually is right now

02:24 Crash or correction, and why the difference matters

03:15 Why a 10% property fall hurts more than a 10% sharemarket fall

04:00 How APRA and the RBA really behave in a downturn

05:00 How long downturns last, and why this one is structural

06:30 What the budget tax changes did to the investor maths

08:45 The flow-on to the economy and state budgets

11:25 Rents went up $2 a week, and why that is the worrying part

13:00 Which suburbs are most exposed

16:18 Semi-rural and lifestyle property, and the risk nobody prices

18:09 Airbnb income and the wealth effect

19:00 The city by city forecasts

21:08 Adelaide and Perth

26:02 What actually drives values over the long term

28:37 How people are coping with record rents

30:17 Population growth and the 6.8% question

34:52 Where Louis put his own money

Smarter money moves start here.

Learn how to cut through the noise, avoid expensive mistakes, and get ahead faster.

FREE 7-DAY MONEY CHALLENGES

Pick one and see what changes in a week: https://pivotwealth.com.au/challenges/

WORK WITH US

Book a no-strings call: https://www.pivotwealth.com.au/booking

More about Pivot Wealth: https://www.pivotwealth.com.au

BEN'S BOOKS

Virgin Millionaire: https://amzn.to/3VFPPDM

Replace Your Salary by Investing: https://amzn.to/3J9Ta8g

Get Unstuck: https://amzn.to/3xo0MQG

All books: https://www.pivotwealth.com.au/books

FOLLOW

Instagram: https://www.instagram.com/pivotben

TikTok: https://www.tiktok.com/@bentalksmoney

YouTube: https://www.youtube.com/c/BenNashPivot

Facebook: https://www.facebook.com/pivotwealth/

DISCLAIMER

This podcast is for education only and doesn't take into account your personal circumstances. It's not financial advice. If you buy a financial product, read the PDS and TMD, and seek advice tailored to your situation. Ben Nash and Pivot Wealth are authorised representatives of Fish Tacos Pty Ltd, ABN 14 649 248 082, AFSL 533055.

This episode of the Mo Money Podcast is a money diary session with a client of ours, Amanda. Amanda talks about her money journey and how she's done reverse rent vesting, essentially sold her home so that she could rent and invest at the same time, and how she's used that strategy to acquire multiple investment properties and build a share portfolio and start making passive income and a transition away from corporate achievable in less than five years.

We get into a bit of the mindset or the things that were happening in Amanda's world at the time that she first jumped into the planning process, some of the sticking points along the way, and what she's most excited about coming up. This episode is perfect for anyone that wants to understand the different pathways that you can use to get ahead with your money smarter.

Smarter money moves start here.

Learn how to cut through the noise, avoid expensive mistakes, and get ahead faster. Helpful links:

Book a no-strings call to get more out of your money here: www.pivotwealth.com.au/booking

Upcoming events: www.eventbrite.com.au/o/ben-nash-pivot-wealth-34379655697 Ben's books: www.pivotwealth.com.au/books More about Pivot Wealth: www.pivotwealth.com.au

Follow us on socials:

Instagram: https://www.instagram.com/pivotben

TikTok: https://www.tiktok.com/@bentalksmoney

YouTube: https://www.youtube.com/c/BenNashPivot

Facebook: https://www.facebook.com/pivotwealth/

Book a chat: calendly.com/pivot-new-clients/intro-chat-w-pivot-wealth

Disclaimer This podcast is for education only and doesn't take into account your personal circumstances. It's not financial advice. If you buy a financial product, read the PDS and TMD, and seek advice tailored to your situation. Ben Nash and Pivot Wealth are authorised representatives of Fish Tacos Pty Ltd, ABN 14 649 248 082, AFSL 533055.

In this episode of the Mo Money Podcast, we have a Money Diary session with Nikki, where she unpacks some of the big shifts that she's made with her money over the last little bit, what it was like making some really big decisions about an employer share plan for a company that had just listed on the stock exchange, how she made decisions around creating or replacing her work salary with investment income, streamlining properties, saving a bunch of tax through investing and investing structures, and some of the mindset imposter syndrome stuff that was sort of getting in her way when she first started with her planning.

This episode is perfect for anyone that that wants to understand the different pathways that can take you from where you are to where you want to be with your money.

Smarter money moves start here.

Learn how to cut through the noise, avoid expensive mistakes, and get ahead faster. Helpful links:

Book a no-strings call to get more out of your money here: www.pivotwealth.com.au/booking

Upcoming events: www.eventbrite.com.au/o/ben-nash-pivot-wealth-34379655697 Ben's books: www.pivotwealth.com.au/books More about Pivot Wealth: www.pivotwealth.com.au

Follow us on socials:

Instagram: https://www.instagram.com/pivotben

TikTok: https://www.tiktok.com/@bentalksmoney

YouTube: https://www.youtube.com/c/BenNashPivot

Facebook: https://www.facebook.com/pivotwealth/

Book a chat: calendly.com/pivot-new-clients/intro-chat-w-pivot-wealth

Disclaimer This podcast is for education only and doesn't take into account your personal circumstances. It's not financial advice. If you buy a financial product, read the PDS and TMD, and seek advice tailored to your situation. Ben Nash and Pivot Wealth are authorised representatives of Fish Tacos Pty Ltd, ABN 14 649 248 082, AFSL 533055.

In this episode of the Mo Money Podcast, we chat about debt recycling post the budget, what it is as a bit of a refresher, but importantly, how the budget changes or lack of changes around share investing and negative gearing for shares has made debt recycling one of the last real bastions, I suppose, of tax deductions for really any investors moving forward.

So, we get into some of the mechanics, we talk about the budget rule changes and how that impacts or doesn't impact debt recycling, as well as how you can set this up, the key things that you need to make sure that you're getting right, particularly if you're investing through debt recycling in the post-budget world.

This episode is perfect for anyone that owns their own home or is planning to and has some debt against it. That likes getting tax deductions and that wants to replace their work salary with investment income.

Smarter money moves start here.

Learn how to cut through the noise, avoid expensive mistakes, and get ahead faster. Helpful links:

Book a no-strings call to get more out of your money here: www.pivotwealth.com.au/booking

Upcoming events: www.eventbrite.com.au/o/ben-nash-pivot-wealth-34379655697 Ben's books: www.pivotwealth.com.au/books More about Pivot Wealth: www.pivotwealth.com.au

Follow us on socials:

Instagram: https://www.instagram.com/pivotben

TikTok: https://www.tiktok.com/@bentalksmoney

YouTube: https://www.youtube.com/c/BenNashPivot

Facebook: https://www.facebook.com/pivotwealth/

Book a chat: calendly.com/pivot-new-clients/intro-chat-w-pivot-wealth

Disclaimer This podcast is for education only and doesn't take into account your personal circumstances. It's not financial advice. If you buy a financial product, read the PDS and TMD, and seek advice tailored to your situation. Ben Nash and Pivot Wealth are authorised representatives of Fish Tacos Pty Ltd, ABN 14 649 248 082, AFSL 533055.

On this episode of the Mo Money Podcast, we unpack the budget changes and what it means for your money and investing. We talk about you know the issues and the challenges that have come from the budget, as well as the opportunities that are out there for investors today.

We unpack these newly announced changes to SMSF borrowing and what that actually means for property investors, as well as how to invest without paying any capital gains tax when you're strategic, the power of structures, tax planning on your investments, and the key opportunities, particularly for higher income earners in the post-budget environment, how the rulebook has changed and what the new one actually looks like.

This episode, well, I think it's actually critical for anyone that wants to be smart, given how much change has happened over the last little while.

Smarter money moves start here.

Learn how to cut through the noise, avoid expensive mistakes, and get ahead faster. Helpful links:

Book a no-strings call to get more out of your money here: www.pivotwealth.com.au/booking

Upcoming events: www.eventbrite.com.au/o/ben-nash-pivot-wealth-34379655697 Ben's books: www.pivotwealth.com.au/books More about Pivot Wealth: www.pivotwealth.com.au

Follow us on socials:

Instagram: https://www.instagram.com/pivotben

TikTok: https://www.tiktok.com/@bentalksmoney

YouTube: https://www.youtube.com/c/BenNashPivot

Facebook: https://www.facebook.com/pivotwealth/

Book a chat: calendly.com/pivot-new-clients/intro-chat-w-pivot-wealth

Disclaimer This podcast is for education only and doesn't take into account your personal circumstances. It's not financial advice. If you buy a financial product, read the PDS and TMD, and seek advice tailored to your situation. Ben Nash and Pivot Wealth are authorised representatives of Fish Tacos Pty Ltd, ABN 14 649 248 082, AFSL 533055.

In this episode of the Mo Money Podcast, we chat to Chris Bates from Alcove. He's a mortgage broker that's helped thousands of Aussies buy homes and invest through the property market. We talk through his take on what's going on in the post-budget world for property, what smart property buyers should be thinking about today, and some of the mistakes to look out for if you're wanting to get ahead and using property as part of your plan. This episode is really perfect for anyone that wants to understand property better.

Smarter money moves start here.

Learn how to cut through the noise, avoid expensive mistakes, and get ahead faster. Helpful links:

Book a no-strings call to get more out of your money here: www.pivotwealth.com.au/booking

Upcoming events: www.eventbrite.com.au/o/ben-nash-pivot-wealth-34379655697 Ben's books: www.pivotwealth.com.au/books More about Pivot Wealth: www.pivotwealth.com.au

Follow us on socials:

Instagram: https://www.instagram.com/pivotben

TikTok: https://www.tiktok.com/@bentalksmoney

YouTube: https://www.youtube.com/c/BenNashPivot

Facebook: https://www.facebook.com/pivotwealth/

Book a chat: calendly.com/pivot-new-clients/intro-chat-w-pivot-wealth

Disclaimer This podcast is for education only and doesn't take into account your personal circumstances. It's not financial advice. If you buy a financial product, read the PDS and TMD, and seek advice tailored to your situation. Ben Nash and Pivot Wealth are authorised representatives of Fish Tacos Pty Ltd, ABN 14 649 248 082, AFSL 533055.

In this episode of the Mo Money Podcast, we chat to Damien Cooley, who's a founder at Cooley Auctions. He's auctioned over 75,000 - in fact, over 80,000 properties, he mentioned - and he talks about the lessons from that, how you can not overpay for property, some of the auction bidding strategies to secure a property at a decent price, as well as what's going on in the property market today in the post budget world with confidence a little bit lower across the premium markets across Australia. This episode is perfect for anyone that wants to understand the property market better and to be able to figure out how they can buy property smarter.

Smarter money moves start here.

Learn how to cut through the noise, avoid expensive mistakes, and get ahead faster. Helpful links:

Book a no-strings call to get more out of your money here: www.pivotwealth.com.au/booking

Upcoming events: www.eventbrite.com.au/o/ben-nash-pivot-wealth-34379655697 Ben's books: www.pivotwealth.com.au/books More about Pivot Wealth: www.pivotwealth.com.au

Follow us on socials:

Instagram: https://www.instagram.com/pivotben

TikTok: https://www.tiktok.com/@bentalksmoney

YouTube: https://www.youtube.com/c/BenNashPivot

Facebook: https://www.facebook.com/pivotwealth/

Book a chat: calendly.com/pivot-new-clients/intro-chat-w-pivot-wealth

Disclaimer This podcast is for education only and doesn't take into account your personal circumstances. It's not financial advice. If you buy a financial product, read the PDS and TMD, and seek advice tailored to your situation. Ben Nash and Pivot Wealth are authorised representatives of Fish Tacos Pty Ltd, ABN 14 649 248 082, AFSL 533055.

This episode of the Mo Money Podcast is a money diary session with John and Greta. There are business owners that have been on a journey trying to get more out of the money that they already have. So we chat about how they've set up their finances to be automated, so that they can focus more on their business, how they've aligned as a couple with very different perspectives and approaches and interest levels in their money, and how that's made it easier for them to focus again on improving their business and the things that really matter to them.

They also talked about investing, building income, and setting up an investment for their daughter, and how they went about making the decisions around that. This episode is perfect for anyone that wants to understand the smart things that you can do to take you from where you are to where you want to be with your money.

Smarter money moves start here.

Learn how to cut through the noise, avoid expensive mistakes, and get ahead faster. Helpful links:

Book a no-strings call to get more out of your money here: www.pivotwealth.com.au/booking

Upcoming events: www.eventbrite.com.au/o/ben-nash-pivot-wealth-34379655697 Ben's books: www.pivotwealth.com.au/books More about Pivot Wealth: www.pivotwealth.com.au

Follow us on socials:

Instagram: https://www.instagram.com/pivotben

TikTok: https://www.tiktok.com/@bentalksmoney

YouTube: https://www.youtube.com/c/BenNashPivot

Facebook: https://www.facebook.com/pivotwealth/

Book a chat: calendly.com/pivot-new-clients/intro-chat-w-pivot-wealth

Disclaimer This podcast is for education only and doesn't take into account your personal circumstances. It's not financial advice. If you buy a financial product, read the PDS and TMD, and seek advice tailored to your situation. Ben Nash and Pivot Wealth are authorised representatives of Fish Tacos Pty Ltd, ABN 14 649 248 082, AFSL 533055.