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Money Mindset
Money Mindset episodes
- 033. Real scenario- Rooming Houses as Investments
Rooming houses can be a great investment when managed correctly.
1. Lower Cost- Renting a room is usually cheaper than renting an entire apartment or house.
- Utility bills (electricity, water, internet) are often split or included in the rent.
- You usually don’t have to worry about maintenance or yard work.
- The homeowner or main tenant may handle repairs and other big tasks.
- Many room rentals come with furniture, saving you money and effort.
- Great way to meet new people or make friends, especially if you're new to the area.
- Can feel less lonely than living alone.
- Shorter lease terms are more common (month-to-month or 6-month leases).
- Ideal for students, interns, or people in transition.
Sorry about the audio in this episode. Email me if you need me to share anything or would like to hear about a specific topic.
23 min - 032. Real Scenarios- Meet Wendy the Entrepreneur, IT professionaland property investor
An inspirational real life story about a young person with big dreams and goals who demonstrates that if you really want something, you can achieve it. A client who became an IT professional, property investor and entrepreneur with genuine hard work and dedication. A fantastic inspiration to those who are driven to succeed. Learn that anything is achievable, if you are willing to devote time to it.
19 min - 031. Mixed Episodes- 1. A New Career and 2. Career changing
Choosing a Career or Changing a Career or job. A great episode if you are compensating on starting a new career or thinking of changing a career and what to look out for. A must too listen before making the jump. Email me if you think there is anything I can add to this episode or something you would like to hear about.
14 min - 030. Real Scenarios- Cash Flow issues
Cash flow will make and break a business or Investment. It is the blood flow for most instances and should be on the top of the money priority list of all investors and business owners. This episode shares a real life scenario (names and figures were changed for privacy), where cash flow concerns may have ruined a business, yet once addressed, the cash flow made the business get back on track. See what is important and whet to look out for when managing cash flow. A must episode for business owners and Investors.
29 min - 029. Guarantor loans revisited Q & A's
We revisit the guarantor loan via a client asking certain questions about their scenarios. A great episode to help assimilate or relate to your current circumstances when determining whether a guarantor loan may be appropriate for you. Please share with anyone if you believe it may help them.
14 min - 028. The relationship between money and society
A great episode to help understand the motivation of money in our everyday thoughts and drives. We discuss what and why money means and how it can often detract or distract up from the true contentment of life. Learn to appreciate the simple things in life, while building your financial wealth. An awesome eye opener to understanding happiness and appreciation of what we have today.
26 min - 027. Starting a business or side hustle
Great tips and hacks to successfully starting a business that you have always thought of opening. A must hear episode at any stages of starting or considering a side hustle. Learn what to look out for and what may escalate you to a faster success.
22 min - 026. Questions & Answers
A great episode that helps 3 separate clients who have asked for some help regarding their individual concerns.
Each client messages their concerns or questions for an suggestive answer. I hope you enjoy and if any of the 3 subjects relate to you or anyone you know, please let me know if they were helpful. And if they do not relate to you, maybe listen for some information that may help in the future...
- Deals with an investor wanting to buy an investment property
- Discusses Rent Investors and the advantages
- Talks about Separation and divorce. What to look out for..
37 min - 025. Fractional Investing & Tenants in common
This episode explains what is Fractional investing and what is tenants in common. Not the most talked about subject but may help you in the future with mind mapping your next property purchase or investment. Enjoy and let me know if there is anything I can add...enjoy!!
17 min - 024. Using a guarantor to buy a property
Using a guarantor to buy property is becoming popular in todays property market, as prices of property continues to climb,. Find out what the purpose of a guarantor is and find out what to look out for when using a guarantor or becoming a guarantor.
15 min
About Money Mindset
From the publisher's feed
The Money Mindset Podcast delves into the fascinating relationship between mindset and money. A healthy mindset is directly linked to a healthy financial position.
Discover how a healthy…
mindset can pave the way for healthy income, smart investments, and overall financial well-being. We'll also share practical mindset hacks that can transform your financial life for the better.
Tune in to learn how to cultivate a mindset that supports your financial goals and unlocks your full potential for wealth creation.
Finance is the blood flow towards survival and your level of comfort in survival is up to you. Increase your finance wealth to increase your life comfort and choices.
Please email me on [email protected] if you would like to comment or hear anything specific on the next podcast episode.
Watch on YOUTUBE
https://www.youtube.com/@MoneyMindsetwithMarkyMP
Get the results you financially seek at:
www.cabpropertywealth.com.au
Check out Podcast Author Profile at:
https://www.linkedin.com/in/markperkich/
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Please note that the information provided in this podcast is for general informational purposes only and does not constitute personal financial advice. It has been prepared without considering your individual objectives, financial situation, or needs. Before making any financial decisions, you should consult with a qualified financial advisor to ensure the information aligns with your specific circumstances.
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A healthy mindset is foundational for building and maintaining healthy finances. The way we think, feel, and behave significantly influences our financial decisions and habits. Here's how a healthy mindset contributes to a healthy financial life:
1. Promotes Rational Decision-Making:
- Emotional Control: A healthy mindset helps us manage emotions like fear, greed, and impulsivity, which can lead to poor financial choices (e.g., panic selling during market downturns, overspending on emotional purchases, chasing "get rich quick" schemes).
- Objective Assessment: A balanced perspective allows for a more objective evaluation of financial situations, opportunities, and risks, rather than being swayed by biases or short-term feelings.
2. Fosters Long-Term Thinking and Goal Setting:
- Patience and Discipline: A healthy mindset cultivates patience and discipline, essential for sticking to long-term financial plans like saving for retirement or paying off debt.
- Future Orientation: A positive outlook encourages envisioning and working towards future financial goals, providing motivation for present-day financial responsibility.
3. Encourages Self-Awareness and Realistic Expectations:
- Understanding Values: A healthy sense of self helps us identify our core values and align our spending with what truly matters, reducing wasteful expenditure.
- Realistic Goal Setting: Self-awareness allows us to set achievable financial goals based on our income, expenses, and risk tolerance, preventing discouragement and promoting progress.
4. Builds Resilience and Adaptability:
- Coping with Setbacks: A healthy mindset equips us to cope with financial challenges and setbacks (e.g., job loss, unexpected expenses) without becoming overwhelmed or resorting to destructive financial behaviors.
- Adaptability to Change: Being open to learning and adapting to changing economic conditions and personal circumstances is crucial for long-term financial success.
5. Supports Positive Financial Habits:
- Budgeting and Tracking: A disciplined mindset makes it easier to create and stick to a budget, track expenses, and understand where our money is going.
- Saving and Investing: A future-oriented perspective encourages consistent saving and informed investing, building wealth over time.
- Avoiding Unnecessary Debt: A healthy sense of security and self-worth reduces the tendency to rely on debt for emotional gratification or to keep up with others.
6. Reduces Financial Stress and Anxiety:
- Proactive Management: Taking control of our finances through planning and healthy habits reduces feelings of stress and anxiety associated with money worries.
- Peace of Mind: A healthy financial situation, built on a sound mindset, contributes to overall peace of mind and well-being.
In essence, a healthy mindset provides the psychological foundation for making sound financial decisions, developing positive habits, and navigating the inevitable ups and downs of the financial landscape. It's about approaching money with a sense of control, responsibility, and a long-term perspective, rather than being driven by emotions or short-sighted impulses.
Think of it this way:
- Healthy Mindset (Strong Foundation): Clarity, discipline, resilience, long-term focus.
- Healthy Finances (Stable Structure): Effective budgeting, consistent saving, wise investing, manageable debt.
One supports and reinforces the other, creating a positive feedback loop for financial well-being. Neglecting the mental and emotional aspects of money management can often derail even the best financial plans.