Money Minded

Ask us a question or suggest a topic 🤙

Does it make sense to pay money to make money? That is the question and in this episode, Mitch and Terry get to the heart of the matter. Because the truth is, there are times when it does, and there are times when it does NOT make sense.  The rules and tools in this episode will help you make wise investments in yourself for the rest of your life.

Also in this ep:

• The hidden cost you're already paying 
• How 'myopic loss aversion' muddies our thinking 
• How to value financial education 
• Terry's three steps for determining how much to invest 

Resources and Links Mentioned

Terry's article
👉  'How Much Should You Pay for Financial Education?' 

1. Episode #87 Mitch and Brooke's story
2. Episode #88 on decisions 
3. Episode #78 Rachael Taylor 
4. Episode #21 The WHO not HOW rule 

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 🤙

Timing the market is impossible. Timing your life cycle is MUCH easier and extremely important when it comes to debt. In this episode, Ryan and Terry debrief the series and use three powerful tools to help you get the timing and serving size right.

Also In This Episode 

• The debt quadrant for taking calculated risks
• The debt gauge for right-sizing exposure 
• The 5 Life Windows for timing debt decisions. 

Resources and Links Mentioned

Blog Post: Debt is a double-edged sword, here's how to wield it to build your wealth

The Ultimate Guide to Debt Recycling, how to pay of your home faster while building a passive income

UNLOCKED: Stepping into the 3rd Dimension. One of the most powerful modules in our mentorship.

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 🤙

Time in the market buys alot of insight. In this episode, Bryce Holdaway delivers a masterclass packed full of 25 years of property investing wisdom. From his early forays and interest in property, this is a deep dive into the psychology and behaviour of property. This is a truly long term view of the asset class. 

Expect to learn: 

• The difference between horrible, tolerable and productive. 
• The difference between investment grade property and everything else. 
• How and why Australia's property market is unique and distinct from other countries. 
• How demographic shifts and government policies are likely to impact property prices in the next 5-10 years. 
• The role of Super in wealth creation

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 🤙

Big data is reshaping industries and economies, and Real estate is ripe for disruption. In this wide-ranging conversation with Goose McGrath founder and CEO of Dashdot, you'll discover how data-based decisions are being used to inform savvy property investments that help people escape the status quo.

This is good old property, but not at all as you know it. 

Also in this episode:

• The 3 stages of financial freedom
• The key insight behind Dashdot's unique approach 
• Why property is not at all like the stock market 
• How to think about and approach risk in investing and life 
• Scientific investing and how it differs from traditional investing
• S curve dynamics in Real Estate 
• The three phases of a property portfolio 
• The three constraints of a property portfolio 
• Property predictions for 2024/25

Resources and Links 

Dashdot - Property Growth Partner
Dashdot Insider - Podcast
The Wild Goose Chase - Podcast
Goose McGrath - Linkedin Profile 

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 🤙

A mortgage can be one of your greatest allies for building wealth, or it can be a noose around your neck. It all depends on how you use it. To sidestep the biggest mistakes is to know what they are. And few are more experienced than Sarah Thomson. After more than 20 years as a broker and over 1 Billion in loans written she's seen it all. 

Also in this episode: 

• The hidden value a broker provides (that can be pivotal) 
• How brokers get paid (and how they don't get paid) 
• Red flags to look out for when choosing a broker 
• The most costly mistakes to avoid when taking on a mortgage

Knowing how to partner with the banks to win the wealth game is critical. And in this episode, you get a peek inside Sarah's playbook.

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 the first episode of this series, Ryan and Terry explained why debt is so important for growing your money.  In this episode, they explore the different ways debt can be used to build wealth. 

Expect to learn: 

• The different types of debt: consumer, hybrid, investment
• 2 common ways debt s used to build wealth 
• 2 less common (but lucrative) ways debt can be used 
• How to make yourself attractive to the banks

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 🤙

What everyone knows is usually wrong.  And the narratives surrounding debt are a classic case. In this episode, you'll discover why and how debt IS the most powerful tool for putting your money to work. And why not having and using debt is one of the biggest risks you can take financially. 

Also in this episode: 

• How early relationships with authority figures shape our relationship with debt
• Why past experiences of others need to be analysed before being taken on 
• How and why savers lose in a debt-based system 
• The winning money move most experts miss. 

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 🤙

Debt is demonised, but what if it is THE most powerful tool you can wield to build your wealth.  In this series you'll learn why 'debt is bad' is one of the most damaging messages in personal finance. Tune in to this ep so discover what we'll cover and why now it the best time to get across it. 

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 🤙

The Passive Income Project is no more! And in this episode, Ryan and Terry talk through the reasoning for retiring the name. And they explain why Wealth Time Freedom (WTF) was chosen as the new torch. Finally, they reveal the topic for their next series on the podcast. Tune in to find out!

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 want to know how to master the money game to win the wealth game (and how they're different) this is the ep you've been looking for.

Matt from the Aussie Firebug is back for another epic conversation. This time we discuss his revelations and a shift in direction and focus in his FIRE journey.  We examine the good, the bad and the ugly of the FIRE movement. 

Also in this episode: 

• Travel as the ultimate investment
• The role of meaningful work vs retirement 
• The unquantifiable value of investing outside of Super 
• Why it's easier to use money made from dividends vs growth-oriented portfolios

This episode is packed full of transformational perspectives and powerful truths told in retrospect. It will encourage you to step back, reflect and reset.

Resources Mentioned

AFB Article: FIRE/Life update
Reddit Article: I lost the love of my life because of FI, don't be me

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