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356 | Secrets Behind A $250M Net Worth – How This Investor Did It! Chat with Fred Schebesta

Meet one of the richest Australians under 40… and learn how he built a net worth of around $250 million!

Folks, today we have a very special interview with Fred Schebesta — the co-founder and CEO of the comparison website Finder, which is one of the world’s biggest comparison websites and money apps that helps users compare products across 105 categories, from car insurance to cruises.

And Fred, who went from working in a Pizza Hut call centre as a university student to running a business that employs 450 staff in 80 countries, has some Radical Rules on Money, Investing, Cryptocurrency (… any bitcoin fans, out there?!), Property, Stocks and Business that will make you look at things a WHOLE Lot Differently!!!

You’re about to get the behind-the-scenes secrets of someone who has experienced HYPER success when it comes to wealth creation… but what we’re super keen for you to hear is the MINDSET it took to create such an impressive net worth in the first place — including what it means to “Reframe Mistakes”, focus on “Concentrated Investments” and go against the grain to carve your own Lifestyle Design.

Fred is also the author of  Go Live! 10 Principles to Launch a Global Empire and while we do indeed cover his epic journey as an entrepreneur (…just wait ‘til you hear it!), there is plenty of gold in there for everyday investors at ANY stage of their journey.

Psst… Oh, and yeah… while we might not ALL be able to invest in a spaceship-like Fred (yep!), we will say this:

… This is a VERY rare opportunity to learn from someone at the top of their game… and from someone who has achieved significant success.

Tune in now to get the secrets behind a $250M Net Worth… you won’t forget this one!

 

Free Stuff Mentioned

 

Here’s What We Cover…

  • 04:38 – Meet Fred!
  • 05:22 – What was money like for Fred growing up?
  • 05:58 – What does he invest in?
  • 08:49 – How does Fred teach his kids about money? (… wow, skills for life!)
  • 09:31 – Fred’s Radical Rules Around Money!
  • 12:56 – Fred’s 2 Biggest Keys to Wealth Success…!
  • 13:38 – SLAPPED By Google…. what the!?!
  • 16:43 – Growth Mindset vs Upbringing
  • 20:35 – Making Money While You Sleep: How’d It Start?
  • 22:48 – Such A High Net Worth… how does that actually feel??
  • 25:59 – The Mindset Behind A $250M Net Worth!
  • 26:25 – Why CONCENTRATED Investments?
  • 28:35 – When You Lose $150,000…
  • 28:58 – How To Reframe Mistakes!
  • 30:30 – What Warren Buffett Asked Bill Gates…
  • 32:04 – Investing In Bitcoin Mining Companies
  • 34:27 – When You’re Looking To Buy Spaceships…. (!)
  • 35:26 – Where Does PROPERTY Sit In Fred’s Thinking?!
  • 39:41 – Buying Property Now & Inflation…
  • 39:38 – Fred’s Mum & Property Investing
  • 41:57 – Investing In Bitcoin!
  • 44:29 – Who Runs Bitcoin?
  • 47:29 – The New Financial System: Will It Overtake The Old One?
  • 49:20 – The First Critical Step To A Winning Investor Mindset
  • 52:13 – Why you should be a Continuous Student of Life!
  • 52:53 – How to create a life you don’t want to escape from
  • 53:41 – What’s the vision that drives Fred BEYOND money?
  • 57:05 – Fred’s final message for you… (LOL)
  • 59:30 – How to stack the odds in your favour 😊

And…

  • 1:00:45 – A Home School Hack For Your Kids!!
  • 1:03:27 – What’s Making Property News??

 

 

 

151 | Is Bitcoin a good investment and what are the Final Budget Changes on Tax Depreciation?

There are so many things to be excited about in this week’s episode!!!

First of all, PICA IS FINALLY UP! Remember a few weeks back (Sydney expo) when Ben gave you a sneak peek at setting up a not-for-profit association for property investors by property investors? Well, it’s official now … and it’s time to unite and make our voices heard. It’s time we take action to ensure our property investments are protected, now and into the future. So make sure you check it out! www.pica.asn.au

(Membership is only $5 a year or $20 for 5 years! Find out more about PICA’s Membership here.)

 

Following on from this … the most drastic change impacting property investors significantly is the recent depreciation changes. On this year’s Budget Night, 7:30 pm AEST on the 9th of May 2017, the Government proposed quite some changes to the tax depreciation schedule. We’ve talked about these changes before with Bradley Beer, CEO of BMT Tax Depreciation back in Episode 117.

Since then, the Government has finalised on some of these changes and has decided that some of the proposed changes will not go ahead after all. But what are the finalised depreciation changes? That’s why we’ve invited Brad back into the studio today for a quick update!

 

And finally… Bitcoin.

It’s the No.1 trending search word at the moment.

So, are we for or against it???

Let’s talk.

So, what are you in for?

  • What depreciation changes did the Government finally decide on?
  • Who will be affected and who WILL NOT be affected?
  • What happens if you purchase an existing property after the 9th of May?
  • Will you be able to claim tax depreciation now, and is it still worth get a tax depreciation schedule done?
  • Are commercial properties affected by this change?
  • How can your accountant help with your claim?
  • What’s the definition of “Substantial renovation” in this new ruling?
  • Will Capital Gains Tax be affected?

and of course, on Bitcoin…

  • What is Bitcoin to start with, and why is it so trendy now?
  • Are there other cryptocurrencies out there?
  • Can they be used as a valid currency?
  • Will this last?

 

Don’t forget the Free Resources mentioned:

  • Brad’s previous appearance on the Couch — Episode 117
  • Ben’s Did You Know Tips can be found here.
  • Access to PICA (Property Investors Council of Australia) — Subscribe here
  • BMT Tax Depreciation Application Form – Fill in the form below to download or click here

 

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P.S. Ben’s Webinar Impact of Interest Only Lending is out! Make sure you check out your Throwback Thursday newsletter. Haven’t subscribed to our newsletter yet? Download the Money SMARTS and you’ll get it 🙂

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