This episode discusses the theory of "profit first" Revenue - Profit = Expenses and why it is better than the old way of thinking of basing your profits off your revenue and expenses Revenue - Expenses = Profit (Michalowicz, 2017). The theory was originally based at a company level, but has been adapted by Michael and Dallas to suit a household.

Reference: Book "Profit First" by Michael Michalowicz

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We know that when betting on a 'sure-thing' racehorse, there is still a large chance that it won't win and you'll lose the gamble. But when it comes to investing in a single company, people struggle to see that it very similar to a gamble. The gamble can be educated, but there is still a very real risk of you losing.

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For all listener questions/feedback, please contact the team at [email protected]

Michael and Dallas discuss how a big of a difference a regular investment of $100 can make to your future savings. Have a look at your expenses, is there a spare $100 that is being spent each week on something with little to no value that you could invest instead?

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In life, you'll find yourself making mistakes often and it is no different in the world of investing. But, it is the lessons learnt and the decisions made afterwards that can make a positive impact on your plans.

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Michael and Dallas discuss the importance of looking at the short term objectives and doing the best you can do during those periods. Focusing on your short term objectives can help make that long term goal become more achievable.

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This episode has Dallas and Michael discusses the troubles that can be involved when making financial decisions that are influenced by your fears.

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Michael and Dallas discuss a number of different types of taxes involved in retirement, revealing the most tax effective ways to use your money during this time. 

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Dallas and Michael explain how successful investing is not just about buying shares at a cheaper price. To become a successful investor, it is more likely the long term plan that you follow will do you more good.

Please note, this episode is the 2nd version as the original file had multiple audio glitches.

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This episode reveals 5 legal loopholes/tax-savings that you can use in order to maximise your retirement savings!

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This listener question gets Michael and Dallas discussing some of the time frames one might look at when it comes to moving some of their retirement savings into cash. It might not be the answer you have been lead to believe!