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369 | “I Spent It All and Dad Picked Up The Tab” – How this investor changed her bad money habits? – Chat with Amy

Born in England to accountant parents, Amy was given great money advice growing up. And obviously, so did her brother.

Only one of them took the advice to heart though… and it’s not our special guest. ☹

From credit card spend sprees to climbing Mt Kilimanjaro, Amy lived life to the fullest!

So… what changed?

Why did she go from having no budget whatsoever to being a Money SMARTS advocate? Yes, you’ve read that right… she got her circle of friends on board with Money SMARTS too!

What would she get from doing that??

And… what are the lessons learned along the way?

Tune in to find out more!

p.s. Make sure to tune in to 18:04 minute where she shared an interesting story that happened in the middle of a surgery! #EpicStory

 

Free Stuff Mentioned

  • FREE eBookMake Money Simple Again
  • FREE MyWealth Portal & Start Your Financial Transformation Today! (includes Money SMARTS, Money FIT + Money STRETCH) – Fill in the form at the bottom of this page or Free Sign Up Here
  • BingeGuide to Property, Finance & Money Management Download here

 

Here’s what we cover…

  • 02:17 – Meet Amy.
  • 3:32 – The holiday planning wisdom from her dad!
  • 5:13 – What were the Money habits like back home (remember, her parents are accountants 😉)
  • 5:57 –  Invaluable advice on student loans and credit cards
  • 8:23 – The completely different deals her brother and her had with their dad…
  • 11:02 – What triggered the epiphany?
  • 13:12 – “I’m never going back”
  • 14:39 – What’s Amy’s definition of “Life Admin” that she was doing every week?
  • 17:08 – Her 1st Investment Property that started a behavioural change..
  • 18:32 – What’s the difference in repayment of student debt between UK & AUS?
  • 21:12 – The one that got away… In the middle of a surgery!!
  • 21:50 – How did The Property Couch got into her radar?
  • 24:16 – The best things she’s learned from the podcast…
  • 27:37 – ONE Money Trick that Amy recommends you do!
  • 29:46 – The Power of Staying Between the Line
  • 32:12 – Why Money SMARTS?!
  • 34:17 – The END Game!!
  • 36:27 – Money Discussion: THIS is how it should be
  • 42:37 – What’s her unique hack with Money SMARTS?
  • 45:13 – …. Cutting her 7-day Float by 70%? 😨
  • 47:33 – “Supporting the local economy”… The worst (or best?) derailer
  • 52:36 – GREAT take home messages!

 

 

Note: There are more real-life investor stories like this in our Previous Summer Series! Make sure you check them all out here.

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368 | Got Stung By A Spruiker: Restarting After Ten Years of Property Mistakes – Chat with Michael

“I read enough book to make me dangerous”

That’s the quote from our special guest today.

 

A thirst for knowledge is an excellent virtue to have but in some cases, you might encounter information overload… Or in other rare cases, you might be reading the wrong books or getting advice from mentors with hidden agendas.

Unfortunately today’s Summer Series guest, Michael, is in the latter category.

Folks, if you had been stung by a spruiker before, you’d know that it’s not easy getting back on the property ladder and, even more so trusting another so called property professionals.

But Michael did.

Despite being a victim of opportunity cost, he did not let that deter him at all. In fact, he learned from each experience, good and bad, and stood up to the challenge, stronger and more motivated than ever.

But…

How did he recover from all the bad purchases? (Yes, there were a few!)

Tune in for all those and more folks because his true story starts waaaaay before he bought the first investment stock property 😉

 

Free Stuff Mentioned

 

Here’s what we cover…

  • 1:17 – Meet Michael.
  • 1:58 – What is it like growing up in a caravan park…?
  • 4:41 – “I knew (money) was tight I suppose but…”
  • 6:47 – Why was building his own first house at 20 his first mistake?
  • 9:55 – Setting up his finances on his own!
  • 11:35 – When did the drive to own his own home begin?
  • 12:33 – What happened when he was 21 that taught him the biggest money lesson ever?
  • 13:43 – His fortnight spreadsheet updates!
  • 16:05 – The discovery of Money SMARTS
  • 17:02 – How having a goal changed his habits and mindset?
  • 18:57 – “That’s the other thing, I’ve done everything wrong” – The mistakes that made him realised that he couldn’t do it alone
  • 19:20 – Here’s when the spruiker story begins!
  • 21:26 – What are the signs to look out for to spot a spruiker?
  • 22:50 – The 10 Year Property Journey that changed his life
  • 27:05 – Why did he decide to pay for professional advice?
  • 29:50 – When reading too much is dangerous…
  • 33:37 – What should you expect from a great property advisor?
  • 36:35 – Get your partner on board!
  • 37:50 – What does planning for the future looks like?
  • 39:22 – What convinced him to let go of his spreadsheets?
  • 41:00 – His end game and the #1 advice for others

 

 

Note: There are more real-life investor stories like this in our Previous Summer Series! Make sure you check them all out here.

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367 | The Chain of Unfortunate Events: What Made This Single Mum a Superhero? – Chat with Dee

“A wound is where the light gets in” – Rumi

It’s our 2021/22 Summer Series folks!!

This is our 4th year of Summer Series and we get very very excited each time because not only do we get to chat directly with our listeners, we get to learn so much from their life transformation. From the adversity that life threw at them, the mistakes that they’ve made, the perseverance that they’ve shown, the tenacity to be better and so much more.

Their story is so insightful and motivating that we’re certain that you would definitely learn at least one gold from each of them.

And this year is no different.

 

Kicking off our Summer Series this year is a superhero single mum of two, Dee!

Immigrating from South India and growing up in North England during the Thatcher era in the 80s is obviously no easy feat.

On top of that, Dee was the oldest of four siblings where money was so tight that a treat must be split four ways to be shared among the kids.

All the adversity in her early life clearly built up her foundation for money and generate an invincible determination and drive for success.

But that’s not the end of today’s story…

In fact, it’s just the beginning.

Without giving too much away, let’s just say that there was a chain of events that completely shocked us and brought a tear to our eyes.

Please just listen to this episode folks – we’ve started the Summer Series with her story ‘cos if it ain’t a bang, we don’t know what is!

Huge shout out to Dee for sharing her incredible story with us – powerful stuff, folks!

 

Free Stuff Mentioned

 

Additional notes:

A separation is never easy… Especially when you got pull the rug from under.
So if you’re finding yourself in that spot then please do not hesitate to reach out for help. That’s the first step to recovery. Here are some useful links that might help you take that step:

 

Here’s what we cover…

  • 1:37 – Meet Dee.
  • 2:13 – What was her early life like when money was very scarce…
  • 7:39 – When did she start to have a consciousness with money?
  • 8:50 – Sticking to old money habits (even when she didn’t need to!)
  • 10:45 – The sacrifices made to live in a rich neighbourhood
  • 12:55 – How did she spent her first pay-packet? (What an indulgence!)
  • 13:57 – The significant change that happened in uni…
  • 14:28 – When was her 1st holiday…?
  • 15:48 – What she didn’t see coming…
  • 16:30 – THIS is what a single parent’s life is like
  • 17:50 – The Event Timeline
  • 18:40 – What was the turning point in her life?
  • 20:05 – What did money management look like in the past?
  • 23:05 – How the same advice from the same person can still be perceived differently?
  • 24:25 – The journey to recovery…
  • 27:15 – Overcoming the “perfect family” stigma…
  • 28:15 – How do you separate everything when they are joined for so long?
  • 32:05 – Why was Mortgage Free so crucial for her?
  • 34:51 – What’s Dee’s definition of wealth?
  • 36:46 – What are the next steps after a separation?
  • 40:44 – Discovering Make Money Simple Again and The Armchair Guide to Property
  • 43:33 – The gift to herself!!
  • 44:51 – Favourite Quotes
  • 47:30 – How does it feel to model her transformation to her kids?
  • 51:34 – Her message to others

 

 

Note: There are more real-life investor stories like this in our Previous Summer Series! Make sure you check them all out here.

Keen to Get Started with Money SMARTS?

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348 | From Refugee To $140,000 A Year In Passive Income! – Chat with Toui

From Government Welfare to Passive Income! Yep, you read that right. You’re about to hear a refugee’s real life story to a self-funded retirement. And we probably don’t need to tell you that this Financial Transformation is Off-The-Charts incredible…

Meet Toui “pronounced Twee”. A first-generation refugee who came to Australia in 1980 for a better life. And he is now talking to us from an EXTREMELY DIFFERENT financial position than when he and his family first arrived from Laos as all those decades ago!

Fast forward to today, and Toui and his own family – his wife Jen and their 3 kids – are now on track to a passive income of $140,000 a year! Yep. This story certainly takes “If it’s meant to be, it’s up to me!” to a whole new level.

And, get this, there’s EVEN MORE to this financial transformation… (so many layers of awesomeness going on!)…

Case in point: Have you heard of something called “Microsoft Money?”

Well, let’s just say Toui’s got a bit to share with you there too…

Look, folks… while our new Winter Series has set a seriously high benchmark (how good have the listener transformation’s been!?!), we just might’ve saved the best for last!!

Please Listen.

 

Free Stuff Mentioned

 

Here’s what we cover…

  • 02:52 – Meet Toui.
  • 03:20 – Starting Life As A Refugee…
  • 04:09 – “You think we’re made of money…”
  • 04:40 – When you miss out on breakfast and sometimes lunch as well…
  • 05:51 – Early memories that shape Toui’s upbringing (wow!)
  • 07:23 – The beginnings of breaking free from Financial Survival
  • 10:10 – The Big Shift In Mindset That Really Changed Everything!
  • 11:47 – The pull to “Want to be Like everyone else…”
  • 14:12 – Has Toui’s brother followed a similar path?
  • 16:00 – Okay. But what was The Big Pivot REALLY like?
  • 19:07 – Why property?
  • 19:28 – “I’ve got toys that I want to play with” – How to curb impulse buying…
  • 20:10 – Is Microsoft Money all it’s cracked up to be?
  • 20:27 – The Mate that got him onto The Property Couch!
  • 23:07 – The power of an END GOAL!
  • 25:33 – THE provisioning story… “Jen’s gonna hate me…”
  • 28:46 – Toui’s simple advice for YOU…
  • 30:55 – The critical importance of self-education
  • 32:44 – When you can retire 10 YEARS EARLIER than you first thought… (!!)
  • 38:56 – THIS is where people get stuck the most!
  • 39:33 – Why you MUST STOP Keeping Up With The Joneses!
  • 42:33 – … $140,000 in passive income!
  • 43:03 – How are they going to achieve that!?!
  • 43:04 – … HOW MANY??
  • 44:14 – The most powerful instrument in investing!
  • 44:51 – What lessons does Toui want to pass on to his kids?
  • 45:09 – Forcing the family to listen to The Property Couch! (LOL! Sorry, guys…)
  • 47:14 – Being able to tell Dad how different life is now…

 

Note: There are more real-life investor stories like this in our Previous Summer Series! Make sure you check them all out here.

Keen to Get Started with Money SMARTS like Toui?

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347 | “Whatever You Do, DON’T Do What I Did!” – Listener Shares His Big Wake-Up Call – Chat with Scott

Meet The “Squirreller” ­ – or should we say EX-Squirreller – who unfortunately learnt the hard way about the real costs of Pinching Every Penny… 😬

Here’s the deal:

Joining us today is listener Scott who has a very, very important message for our community. ESPECIALLY for those who, like Scott, happen to view money as safety – and as because of this, do whatever they can to minimise their spending. To the point that’s, ahh, well, “NQR” – Not Quite Right. Even if it’s coming from an honourable place.

Before you ask – YES – there IS a point where you can “squirrel” or save TOO much money! And the tip-over point? When your relationship with money begins to ruin your relationship with your family…

In this tell-all episode, Scott generously shares his Big Wake-Up Call that forced him to seriously reconsider his squirrelling habits. A lesson he learnt the hard way and doesn’t want for you, or anyone else.

But this is only part of the story.

Not only will you learn what caused the “OMG, I need to change” shift in mindset and how Scott managed to safeguard tomorrow WITHOUT sacrificing his family’s ability to enjoy today… but also, you’re going to learn what it’s like to build a property portfolio from a “regular” Australian who simply wants to create a better future for himself, his wife and his kids. And, yep, this includes the good, the not-so good and the “Whatever You Do, DON’T Do What I Did!” mistakes.

In short, this ep is a word to the wise – and we highly suggest tuning in folks! ‘Cos, you know what they say… it’s best to learn from someone else’s mistakes than to learn them first-hand…

 

A huge shout out to Scott for his extreme transparency — we have no doubt that your hard-won wisdom will be of immense benefit to our community 🙏🙌

 

Free Stuff Mentioned

 

Here’s What We Cover…

  • 01:48 – Meet Scott.
  • 01:50 – Oh no, not another Collingwood supporter!
  • 03:46 – Money conversations around the dinner table…
  • 04:37 – In the good ol’ days of Layby…
  • 05:36 – Scientifically Proven Benefits of Delayed Gratification!
  • 07:50 – Inside the mind of a Squirreller…
  • 09:15 – The Warning Signs of Financial Anorexia!
  • 10:32 – The First Big Purchases (… would you do this??)
  • 13:27 – The Understated Power of DEFENCE
  • 15:13 – Why Property Investing Should Be Boring!
  • 15:38 – When Being A Squirreller Causes Stress In Your Relationships
  • 15:58 – Money as Safety. Let’s talk about it…
  • 17:28 – What caused the change…?
  • 18:28 – How is Scott implementing Money SMARTS?
  • 19:24 – What planning work has Scott done with his portfolio?
  • 21:05 – When the goal is NOT to retire!
  • 21:47 – Life As An EX-Squirreller: How it positively affects intimate relationships
  • 23:25 – What does Scott think has been the BIGGEST impact to his success?
  • 25:03 – Scott’s Money Mantra!
  • 27:19 – … Paid CASH for his Principle Place of Residence!?!
  • 28:23 – The Ups & Downs of Joint Ventures
  • 31:00 – Was everything done by the book??
  • 32:17 – What caused the deep desire to build a property portfolio?
  • 34:04 – How on earth did he swing Eddie McGuire into THIS sentence! (well played, Scott, well played!)
  • 32:25 – How does he organise his buffers?
  • 36:30 – The property in South East Queensland… (ouch!)
  • 37:44 – What you need to know about “Growth Corridors”
  • 38:41 – What does Scott ALWAYS look for in an investment property now?
  • 40:00 – Passing On The Wisdom: What Scott wants you to know about “falling for the bling”…
  • 43:39 – How’d he get pitched by a Spruiker, anyway?
  • 49:06 – The Biggest Lesson!
  • 50:30 – What money advice does Scott pass onto his teenage kids?
  • 54:10 – How many more properties does he have left to buy?

 

 

Note: There are more real-life investor stories like this in our Previous Summer Series! Make sure you check them all out here.

Keen to Get Started with Money SMARTS like Scott?

Fill in the form below and create your account on our Money SMARTS Platform now!

Already have an account? Log in here.

 

 

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