Money Minded

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One of the biggest reasons people don't bet on themselves and build a business is because of not knowing how to manage the finances of a business. There's a whole new set of rules, and complexities that come with running your own shop - and it's all on you. Kate Toon knows this all too well. And she also knows how to overcome it. Kate is one of Australia's most successful, well known online business owners. And in this episode, she comes on the show to share her journey from scared small business operator to savvy business owner.

Also in this episode:

• Why Kate went into business for herself at 5 months pregnant - and how it played out.
• How she managed to crawl out from under a 50k tax bill in 12 months (and why it happened)
• The big decision that led to a gigantic spike in income two and eventually pushed her beyond the million-dollar mark
• The simple question she used to reframe her resistance to learning about money in her business.

Show notes
Click here to see notes on this show and all resources & links mentioned.

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The NEW Money Mentorship
Learn more about the Home Equity Accelerator here

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In this episode, Ryan and Terry talk about one of the most common ways we self sabotage ourselves when it comes to our finances. In what feels like a delicate dance between pain and pleasure, we tend to choose wrongly, and the cost is progress and ultimately success. If you feel like you have a clear goal and have been working hard without really getting anywhere, you need to give this episode a listen.

Show notes
Click here to see notes on this show and all resources & links mentioned.

Corporate program
Click here to find out more about our workplace program

Four factors training
Click here to unlock the insiders training.

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

Follow us on Instagram
Click here to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. 

The NEW Money Mentorship
Learn more about the Home Equity Accelerator here

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.
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Business can be a vehicle for wealth. It can also become a burden on your time, a drain on your finances, and a risk to your relationships. In this episode, Terry brings on one of his mentors to explore this tension and how to deal with it. Lachlan Smith stepped off the career ladder to build a 60 person civil engineering company from scratch. He's tackled many of the toughest issues in business and built a machine that's made him both wealthy and wise. But it wasn't all smooth sailing, and Lachy shares much of his hard-won wisdom in this episode.

Also in this episode:

• How volatility signals trick us into playing it safe and squandering our potential. 
• How to think through the risk you're taking when starting a business (and the insight that allowed him to bet big on himself without fearing failure). 
• The big idea that has played a major role in the growth and success of his business. And how it can be applied by any business. 
• How to increase the odds you'll succeed by knowing the type of business environment you're in and the type of business you're building. 

Show notes
Click here to see notes on this show and all resources & links mentioned.

Project zero
Click here to find out more about project zero

Four handbrakes masterclass
Click here to unlock the insiders training.

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

Follow us on Instagram
Click here to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. 

The NEW Money Mentorship
Learn more about the Home Equity Accelerator here

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

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Change is hard. Especially when it feels like you have to let go of something you've invested alot of time, money and emotional labour to build. In the first of their short SHOT style episodes (Short Hit Of Teaching), Ryan and Terry explore the concept of sunk costs and how they hold us back. Then, they share three powerful strategies for getting out of our own way and making the big moves that will get us more of what we want (and less of what we don't).

Show notes
Click here to see notes on this show and all resources & links mentioned.

Project zero
Click here to find out more about project zero

Four handbrakes masterclass
Click here to unlock the insiders training.

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

Follow us on Instagram
Click here to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. 

The NEW Money Mentorship
Learn more about the Home Equity Accelerator here

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

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Starting out in business can be scary. There are so many unknowns, and even if you're excellent at what you do, business is a skill set that must be mastered in addition. As part of their short series on business, Ryan and Terry chat with Ray Corcoran. Ray is a business growth consultant with a colourful business story.

Having owned and operated more than one business, and making the leap from corporate to business and having to go back to start again - Ray knows what failure and fear feels like. He also knows how to deal with it. In this candid conversation, they explore the trials and triumphs of being in business, and why the reward is worth the risk. 

Also in this episode:

• The turning point that started Ray's business journey
• What Ray wishes he knew before he started a business 
• The two skills that are most critical to focus on when starting out
• How he dealt with the failure of his first business (and how it led to his next) 
• How to deal with the fear and anxiety that comes with 'putting yourself out there' 

Show notes
Click here to see notes on this show and all resources & links mentioned.

Project zero
Click here to find out more about project zero

Four handbrakes masterclass
Click here to unlock the insiders training.

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

Follow us on Instagram
Click here to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. 

The NEW Money Mentorship
Learn more about the Home Equity Accelerator here

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

Ask us a question or suggest a topic 🤙

 If you really study wealth for long enough and go deep enough, you'll start to see a clear pattern. And this pattern relates to how the 'self made' types use their time and talent to earn money. It just so happens to be the quickest and most rewarding route also. In this episode we reveal the fast lane to financial independence that most personal finance gurus refuse to talk about. If you want to achieve financial independence without having to wait until you're too old to enjoy your money, this episode is for you.

Show notes
Click here to see notes on this show and all resources & links mentioned.

Project zero
Click here to find out more about project zero

Four factors training
Click here to unlock the insiders training.

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

Follow us on Instagram
Click here to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. 

The NEW Money Mentorship
Learn more about the Home Equity Accelerator here

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

Ask us a question or suggest a topic 🤙

Facing your financial fears as a couple can feel daunting and even dangerous. In this episode, Terry chats with Sarah and David Thwaites. Their story is a powerful example of how couples can move through the challenge that comes with change. In the space of a little over a year, they've gone from suffering separately in silence to meeting weekly to manage their money and making big decisions together as a team. And in this conversation, they reveal the true value and rewards of tackling the money monster together as a team.

Also in this episode:

• The driving force that was their catalyst for taking action and wading into the waters of money together.
• Their most important ingredient for aligning their efforts
• The simple weekly ritual they never miss and how it's helped them increase their awareness and improve their results.
• The most important thing they've learned from working on their money together.
• Advice for those who have tried and failed at this before.
• Advice for those who've tried and failed at managing their money together in the past

Show notes
Click here to see notes on this show and all resources & links mentioned.

Project zero
Click here to find out more about project zero

Four factors training
Click here to unlock the insiders training.

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

Follow us on Instagram
Click here to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. 

The NEW Money Mentorship
Learn more about the Home Equity Accelerator here

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

Ask us a question or suggest a topic 🤙

In this episode, Terry's wife Elise comes on the show. Together they discuss their journey coming together as a couple and learning to manage their money together as a team.

Also in this episode:

• Their biggest lessons around money and relationships.
• The big mistake couples make with managing money and how to avoid it. 
• How a book about equality improved the way they think about managing their money together. 
• The one thing you can do to make money conflicts more constructive. 
• Why 'norms' are so important, and how the practice of money mapping helped them establish more useful norms for communicating and collaborating around money. 

Show notes
Click here to see notes on this show and all resources & links mentioned.

Project zero
Click here to find out more about project zero

Four factors training
Click here to unlock the insiders training.

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

Follow us on Instagram
Click here to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. 

The NEW Money Mentorship
Learn more about the Home Equity Accelerator here

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

Ask us a question or suggest a topic 🤙

We all have different ideas about money. And that can make it tough to talk about, especially with your partner. In this episode, Ryan and Terry tackle 'the money talk' and how to avoid the big pitfalls that only fuel the vicious cycle of tension and conflict that can occur.

Also in this episode:

• The four stages of team development (and which stage couples often get stuck at when it comes to money).
• Why our partners might resist the money chat, and where that resistance comes from
• The simple, three-part model that can help you guide a money conversation to keep it constructive (even if this has never happened before).

Show notes
Click here for the show notes, links to all resources mentioned and a full transcript.

Project zero
Click here to find out more about project zero

Four factors training
Click here to unlock the insiders training.

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

Follow us on Instagram
Click here  to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. 

The NEW Money Mentorship
Learn more about the Home Equity Accelerator here

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

Ask us a question or suggest a topic 🤙

Read Ultimate Guide

In this episode, Ryan and Terry discuss a clever way to use equity in your home to build an ever growing stream of passive income. Financially savvy Aussies are using this little known strategy to pay off their home loan faster, save tens of thousands in tax, and accelerate their path to financial freedom. If you've been concerned that paying down debt is limiting your ability to grow your wealth, this episode is for you.

Also in this episode:

• How debt recycling is like fitness training
• Who should and shouldn't pursue this strategy. 
• The essential ingredients that must be true for this approach to work. 
• The 6 steps for executing this strategy with precision
• A fully worked example with actual numbers and assumptions
• The key considerations relevant that play a role in how effective this can be. 

Show notes
Click here for the show notes, links to all resources mentioned and a full transcript.

Project zero
Click here to find out more about project zero

Four factors training
Click here to unlock the insiders training.

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

Follow us on Instagram
Click here  to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. 

The NEW Money Mentorship
Learn more about the Home Equity Accelerator here

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