Money Magnet

What will be your legacy - how you’ll be remembered after you are passed on? This topic is the perfect climax to the Money Magnet podcast, which concludes with an invitation to those who are wondering ‘what next?’

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If giving money means less for you, what role does it play in wealth creation? The surprising answer provided might question the worth or value of giving and whether your focus is aligned with the way you make, manage and multiply your money.

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Beginning Part 4 of Money Magnet, Steve & Rohan discuss their experiences watching other people use money to help and hinder their personal lives and explore ideas for how people can add meaning to their money beyond simply dollars and cents. 

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Discover the three ingredients needed to become and remain rich, together with the method for combining them so you can make the most money, in the quickest time, for the least risk and lowest aggravation.

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While unpacking an intriguing new saying, Rohan quizzes Steve about his 7-step ‘path to prosperity’ system for making, managing and multiplying a fortune that counts. 

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Steve and Rohan discuss how to spot and avoid debt traps in order to help you stay off the road to poverty, which is paved with good intentions gone bad through the use and abuse of debt.

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Is owning a home still the Great Australian Dream, or is getting into a multi-decade financial commitment a precursor to a nightmare situation that ends in an asset-rich, income-poor financial reality? Steve outlines his plan for having income from investments, and home security too.

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Find out why the common phrase of ‘good debt and bad debt’ is a lie perpetrated by lenders who want to gain customers for life, and who want to profit from debt servitude. Steve explains how he has used self-liquidating assets to create wealth.

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Given it’s almost impossible to save your way to financial freedom, why do parents preach to their kids the importance of saving up their money, when what’s really needed is for parents to show their kids how to invest? Keep an ear out for the explanation of a valuable Steveism about how savings are a store of wealth, not a source of wealth.

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Steve and Rohan explore the concept of how money can be sticky or slippery as they discuss the principle of it’s not how much you make, but rather how much you keep that counts. Listen in to find out why a dollar saved is more than a dollar earned.

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