Money Minded

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Debt is a pretty polarising concept. Some people love it, and it lures them into a lifestyle they can't afford. Others use it to accelerate their wealth. Others still avoid all forms of debt like the plague. In this episode, Ryan and Terry explore the various properties of debt and how the concept of debt interacts with our psychology and our circumstances.

Also in this episode:

• The two different types of debt
• The simple rule of thumb to know whether debt will be painful or useful
• Why and how debt can be a magnifier in the short term, but an accelerator in the long term.
• The debt quadrant: a simple tool for making informed decisions about debt.
• The four principles of proper lending: how to avoid financial suicide.

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In this episode, Terry chats with award winning mortgage broker and property advisor Chris Bates. Chris dispels the myths around mortgages and shares some of his best insights for navigating property purchase decisions and securing loans for property. 

If you're in the market for a new property soon, or maybe you're even looking to refinance and you want to make sure that you're making smart money moves with debt and property, this episode is going to give you a really firm foundation for clear thinking.

Also in this episode:

• Why first home buyers games mainly benefit the government, not you the buyer, and exactly how much (warning: this might shock you) 
• The most common mental mistake Chris see's people make when making decision about how much debt to get. 
• How to think about the fixed versus variable interest decision and who wins (you or the bank) long-term according to the stats.
• The exact process and path that Chris took to purchase his own property and the tools and tricks that he recommends for prospective buyers.
• How shifting trends in property purchasing post COVID might impact for those looking to buy a property that appreciates in value over time.

Show notes:
https://cashflowco.com.au/pip23/

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https://cashflowco.com.au/fourfactors/

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It's true that the best investment you'll ever make is the investment you make in yourself, but that doesn't mean it's easy. 

No one ever really explains how we should think about making these investments in our future. And at the same time, the internet has unlocked a universe of possibilities, but more choice often makes choosing harder.   

In this episode, Ryan and Terry discuss how they think about using money to make time and talent more productive. If you've ever been paralysed by inaction or wasted money on courses and programs in the past, this episode is for you.

Also in this episode:

• The counterintuitive strategy that fast tracks personal and professional progress.  
• How the worlds highest paid people think about allocating their time to make their highest contribution.
• The simplest way to uncover your signature strengths.
• 7 simple questions to assess any development opportunity. 

Show notes and resources
https://cashflowco.com.au/pip22/

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Four factors training
https://cashflowco.com.au/fourfactors/

The NEW Money Mentorship
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In this episode, Ryan and Terry discuss the most powerful insight they've learned for realising potential and achieving big ambitious goals. If you've set big goals for the year and what the cheat code for success, this episode is for you.

Also in this episode:

• The biggest mistake we tend to make when going after our goals - and why the smartest people are the most prone to making this mistake
• The simple if-then rule that completely changes what's possible by unlocking latent potential and freeing up our time. 
• An easy way to make decisions about how to use money to leverage this insight and achieve your goals without burning out. 

Show notes and links:
https://cashflowco.com.au/clone-of-family-finance-how-to-get-ahead-on-a-middle-income-with-kids/?preview=true

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Four Factor Insiders Training:
https://cashflowco.com.au/fourfactors/

The NEW Money Mentorship
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In this episode, Terry chats with Leigh aka Family Finance of Youtube. Together they discuss the ins and outs of supercharging savings for a family earning a middle income with multiple children and a mortgage. If you've been looking for some inspiration or even a bit of a kick up the butt, this episode is for you.

Also in this episode:

• The big life moment that made Leigh suddenly start taking saving and investing more seriously. 
• How money is managed in the Family Finance home. 
• Leigh's distinction between saving and delayed spending 
• Her secret for keeping living expenses below 5.5k per month
• How her idea of investing has changed
• Her top 3 resources for those getting startedep

Show notes and links:
https://cashflowco.com.au/familyfinance/

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

Four Factor video training:
https://cashflowco.com.au/fourfactors/

The NEW Money Mentorship
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In the second episode of their two-part series on sustainable saving, Ryan and Terry pull back the curtain on their unique method for money management. The guys explain what money mapping is, and the important ways it differs from most popular prescriptions. Then they dive into a detailed explanation of the seven principles it is built on. If you've been looking for an evidence-based approach that works with the way you're wired instead of against it, this episode is for you. 

Also in this episode: 

• How to use the brains inbuilt instinct to automatically improve your personal finance decisions. 
• How to make money management addictive and enjoyable so that it becomes sustainable. 
• The surprising cause of impulse purchases and overspending. 
• How to spend money without feeling guilty. 
• The number one way to obliterate financial stress and anxiety (or how money is like sand when we use it the wrong way). 
• What emotionally charged political stoushes on Facebook have to do with percentage-based saving prescriptions. 
• How to get as motivated as 'Tony Robbins on crack cocaine' to master your money life. 
• Why focusing on what you saved is dumb (and what to do instead). 

Show notes
Find the ultimate guide here 👉 https://cashflowco.com.au/pip19/

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Learn more about the 12 week money mentorship

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The NEW Money Mentorship
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In the first of two episodes, Ryan and Terry explain their 6 week hiatus, and lift the lid on exactly how their approach to money management differs from popular personal finance prescriptions.  

Also, in this episode. 

• The faulty assumption most savings solutions are based upon (and how it leads us astray) 
• The big problem with popular personal finance prescriptions
• The single question at the source of all money worries
• The only way to break up with money worries for good. 

Show notes
https://cashflowco.com.au/save-money-sustainably/

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

The ultimate guide: how to save sustainably and break up with money worries for good
https://cashflowco.com.au/save-money-sustainably/

FREE training: Four Factor cashflow analysis
https://cashflowco.com.au/fourfactors/

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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Spending less doesn't have to mean deprivation. In this episode, Ryan and Terry chat with Gab Pappalardo. Gab has been a part of the program since day one and in this episode she talks about her transformation from 'material girl' to elite money manager and informed investor.

Also in this episode:

• The moment Gab thought 'maybe this isn't for me' (and what caused her big backflip).
• How to find the balance between saving and investing for later and living in the now. 
• How to spend $1500 in a night and feel zero guilt. 
• How to use a 'project mentality' to work on different areas of your life.  
• The left field (non money) book recommendation that had the biggest impact on her journey. 

Show notes:
https://cashflowco.com.au/episode17/

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

Turn insights into action with Terry's episode coach 

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#15: Financial independence requires a level of confidence. But sometimes we can get stuck in indecision not wanting to make a mistake. In this episode Ryan and Terry discuss why we need frameworks for financial decisions and Terry walks through a live example from Ryan's life. These fourteen questions will help you sidestep indecision and avoid the predictable mistakes we make when making big money moves. 

Also in this episode:

• How decision making is correlated to goal achievement.
• The surprising reason why pros avoid using 'intuition' for high stakes decisions.
• How to use an idea from the scientific method to avoid misjudging your decisions and needlessly changing your approach.
• How to uncover the arena's in which you can manage and mitigate risk before you pull the trigger.
• How to 'play the odds' using expected utility to improve your decision making. 
• How to 'read the play' and see two and three moves ahead to anticipate outcomes before you decide. 
• The simple question that creates conviction and empowers you to execute a decision in the face of irreducible uncertainty.
• Why setting a review date protects you from yourself and others. 

Show notes:
https://cashflowco.com.au/episode16/

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

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

Turn insights into action with Terry's episode coach 

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In this episode, Ryan and Terry walk through a simple, three-step approach to picking financial products in the publicly traded markets to build passive income and wealth over time.

Also in this episode. 

• When you should forget about investing and what to focus on instead. 
• Why owning your investing decisions (not outsourcing them) improves your odds of long term success. 
• How mall shopping can help you understand financial product picking.  
• The three core decisions you'll need to make (and how to think about each). 
• The resources, tools that can save you time and improve your decisions. 

Show notes:
https://cashflowco.com.au/episode15/

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

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