Money Minded

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Cam was stuck. He’d thought building wealth through real estate would be his vehicle to financial freedom, but hit a serviceability ceiling.

He’d tried different careers, but nothing had really stuck. He was burned out and knew he had to reassess things.

So when he came across the concept of buying an established business, he looked a little harder than most.

And he found some genuine opportunities. But even though it’s a ‘buyers market’, it wasn’t easy. Finding the right business and securing finance came with some effort - but he made it happen.

And in this episode he takes you inside the process and explains how it all works.

Expect to learn:

• Why he prefers business over real estate as his vehicle
• Why buying business is a buyers market
• How he got the deal done by getting two variables right
• How he’s improving his asset from day one

Owning a business is the most likely way to build wealth, and buying one that’s already been built is the ultimate cheat code. In this ep, you’ll see why.

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Money mentorship:
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So you've got a business idea, how do you know if it's good enough to take the leap? In this episode you'll learn a specific process for answering that question. Repeat founder Grant Butteriss shares one of the most valuable lessons he ever got in business (and the cost). Then, he shares a simple framework you can use to stress test your idea before taking the big bet. If you've ever wanted to do your own thing, but don't know where to start - this episode is for you.

Also in this ep:

01:30 Introducing Grant and His Background

03:08 Grant's Journey in Business

04:57 Challenges and Strategies in Business Growth

06:58 The Reform Story

19:19 Lessons from Business Failures

30:13 Validating Business Ideas

40:37 The Importance of Targeting Specific Groups

42:17 The Role of Connections in Problem Solving

45:12 Avoiding Common Mistakes in Customer Development

46:29 Balancing Passion and Pragmatism

50:38 Building a Business Model Hypothesis

55:57 Vitamin vs. Painkiller Solutions

01:07:13 Testing Customer Interest and Commitment

01:11:38 Overcoming the Fear of Failure

👉 Grants' Linkedin profile
👉 Grants' website 

Find out your financial skill score
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Money mentorship:
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In this episode, Terry welcomes back Helen and Chase, who share their evolution since their last appearance in 2022. They discuss their struggles with initial investment property failure and how they've grown, both career-wise and financially, over the past few years. Helen and Chase dive into their ventures in real estate, Bitcoin, career shifts, and their new venture. The conversation highlights the importance of continuous learning and striving to create meaningful impact while juggling family and financial responsibilities.

00:00 Introduction and preview 
07:10 Big Changes Since 2022
14:02 Exploring Cryptocurrency Investments
19:03 Career Transitions and Personal Growth
30:09 Navigating Career Decisions and Trade-offs
31:20 The Addictive Nature of Career Gains
32:19 Realizations About Work-Life Balance
33:52 Reflections on Career Choices and Regrets
34:54 Starting a New Chapter: Closer to Home
36:06 The Journey to Reignite Passion
36:42 Rediscovering Chace's first profession
38:16 Building a Business Together
40:44 The Importance of Culture and Team Dynamics
42:55 Creating a Rewarding Client Experience
50:50 Challenges and Strategies in Business
55:30 Advice for Aspiring Entrepreneurs
01:03:15 Future Goals and Community Engagement
01:05:14 Conclusion and Final Thoughts

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Money mentorship:
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Britt and Luke have always supported each other to go after their goals. But they'd gotten caught up living life on defence. Lurching from one spot fire to the next and never looking up to define their own direction. 

In this episode, Britt candidly takes us behind the curtain to show us how they pushed forward and created their own momentum.

And how they forged a financial foundation they could build on to make Britt’s business dream a reality.

If you’re feeling stuck in a reactive stance, and sick of living life on the back foot, this episode is for you.

Find out your financial skill score
Do you have the money skills to fund your goals? Take the 4 minute quiz here

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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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Money mentorship:
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Bryce and Lisa got together after knowing each other for years. After moving in, they realised they didn't want to live like housemates anymore. But they weren't sure how they could combine their finances. 

Lisa was conservative and generally liked to keep her money saved. Bryce has run into debt on several occasions, and admits he always saw his money as his own.
After seeking guidance, they learned how to work together with their money, and how to set up their money life to achieve their goals. 

In this episode, they reflect on their journey and share the big lessons they've learned in the process. This episode highlights how being deliberate and intentional with finances can strengthen relationships and help couples achieve their shared ambitions. 

00:00 Introduction to Bryce and Lisa's Financial Journey
00:39 The Importance of Combining Finances
04:10 Early Relationship and Financial Challenges
06:09 Traveling and Managing Finances
10:55 Joining the money mentorship and Initial Impressions
13:09 Setting Up Financial Structures
19:25 The Benefits of Joint Accounts
25:08 Mapping and Forecasting Finances
26:53 Planning for Future Expenses
27:18 Intentional Decision Making
28:56 Reflecting on Financial Achievements
30:36 Refinancing and Financial Strategies
41:17 Career Flexibility and Creative Outlets
45:16 Future Plans and Personal Goals
50:54 Advice for Couples on Financial Unity
54:19 Conclusion and Final Thoughts

Find out your financial skill score
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Money mentorship:
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Mastering Financial Goals: Terry Condon's Six-Step Sequence

In this episode, Terry shares his six-step sequence for funding any financial goal. This framework provides clear direction and an actionable plan for achieving financial objectives. Terry emphasizes the importance of setting clear targets, breaking goals into manageable milestones, celebrating progress, cutting out unproductive behaviors and relationships, strategically finding and raising money, and anticipating potential failures. He also shares personal examples and success stories, and directs listeners to a downloadable worksheet to apply the sequence to their own goals.

00:00 Introduction and Purpose
01:45 The Six-Step Sequence Overview
02:34 Step 1: Set Your Sights
03:16 Step 2: Make the Mountain Smaller
07:12 Step 3: Lose the Deadwood
10:01 Step 4: Plot Your Path
19:18 Step 5: Travel in Tribes
21:44 Step 6: Foreshadow Failure
24:55 Conclusion and Next Steps

>>> Access the worksheet <<<<

Find out your financial skill score
Do you have the money skills to fund your goals? Take the 4 minute quiz here

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Money mentorship:
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In this episode of the Wealth Time Freedom Show, hosts Terry and Ryan discuss the challenge of analysis paralysis in the personal finance space and how tools can serve as an antidote. They define what constitutes a tool, emphasising its role in converting information into actionable insights and results. They explore various examples, such as spreadsheets and digital apps, highlighting their power to simplify complex decisions and facilitate progress. The discussion also touches on the importance of feedback loops and skill acquisition in enhancing financial management. 

00:21 The Curse of analysis paralysis

01:40 Defining and utilising Tools

03:55 The impact of technology: From iPhone to Apple watch

05:22 Navigating the world with tools

09:17 finding and Using effective Tools

11:35 Practical applications and feedback Loops

17:20 Wrapping up: overcoming analysis paralysis

Find out your financial skill score
Do you have the money skills to fund your goals? Take the 4 minute quiz here

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.

Other links 👇

Money mentorship:
Click here to start putting what you've been learning into practice.

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👇

Find out your financial skill score
Do you have the money skills to fund your goals? Take the 4 minute quiz here

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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Money mentorship:
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Join Terry and our new co-host Brooke Dawson, who brings thrilling personal news, as they dive into the vital topic of financial literacy for kids. This episode is crucial for parents eager to set their children on the path to financial independence.

Also in this ep: 

• The simple thought experiment that will change the way you help your kids.
• Why teaching kids about money is waste of time. 
• How kids can develop a healthy relationship with money while building self esteem. 
• How to turn money into a game kids love to play. 

Loaded with actionable advice, this episode will transform your approach to financial education, preparing your kids for a prosperous and confident future.

Resources:

• Stockspot - Investing for kids 
• Strong Money Australia - Podcast: Investment Bonds Examined
• Book: How Ella Grew and Electric Guitar 

Explore more on our website and stay connected through our social media for continuous insights and updates!

Find out your financial skill score
Do you have the money skills to fund your goals? Take the 4 minute quiz here

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.

Other links 👇

Money mentorship:
Click here to start putting what you've been learning into practice.

Ask us a question or suggest a topic 🤙

If you're working harder and harder and the numbers are getting bigger but your life doesn’t feel like it's getting any better, this episode is for you. Join Terry as he reconnects with Mitch Parkins to uncover how he and his wife Brooke broke free of ‘the grind’ to get after their dream of travelling Aus.

Expect to learn: 

• The powerful psychological shift that preempted the change
• The process, resources and tools they used to build the skills and confidence to fund their trip
• The sequence of steps they took to ensure their experience isn’t setting them back, but propelling them forward.

Resources and links mentioned:

1. The 5 life windows visual
2. Episode 87
3. Episode 88

Find out your financial skill score
Do you have the money skills to fund your goals? Take the 4 minute quiz here

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.

Other links 👇

Money mentorship:
Click here to start putting what you've been learning into practice.