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Brendan Gale and his partner Marrissa have an unusual way of running our MoneySMARTS system that we think is pretty cool. At first, this unorthodox twist made us go “Woah, what?!” and we kinda struggled to wrap our heads around it (we’re old school, folks)! But as you’re about to hear…. this surprise twist to the MoneySMARTS system STILL works… and they’re trapping more surplus than ever before (just like they would if they were running it our ol’ simple way.)
Even better? Since running their “version” of MoneySMARTS, they were able to….
- Afford their dream wedding in the Greek Islands (yep! Not a cheap affair folks — and there’s a bit of story about an unexpected cost that came up here, eek!)
- Invest in property
- And still have their own cash to spend!!
And the craziest thing is of all?? Before all this… Brendan was living paycheck-to-paycheck!
So if you want to hear from someone who has been running MoneySMARTS for some time now… and you’re curious to hear about the spin they’ve put on it, which might actually work for you… then hit play on another great ep from our Summer Series 😉
Pssst…. yes, they’ve got the same name… but today’s guest is NOT the Richmond Football Club President, ha!
Free Resources:
- FREE BOOK! (the MoneySMARTS “manual”)— Make Money Simple Again
- FREE TPC MyWealth Portal (the system that implements MoneySMARTS for you) — http://thepropertycouch.com.au/financialpeace
Episode Breakdown:
- 02:54 – Life before MoneySMARTS!
- 05:15 – Why property over investing in shares?
- 08:50 – Why does the 7 Day Float make it so simple to trap surplus?
- 11:22 – How much of a deposit was needed for the First Investment Property?
- 11:23 – And what was the LVR on it?
- 13:30 – Why was going ‘wider’ a better investment strategy?
- 15:37 – The TWIST!
- 17:04 – The Pros and Cons of having separate money from your partner?
- 19:10 – Why do Brendan and his wife WANT separate money? (it’s probably not what you think!)
- 21:33 – Why are they both using MoneySMARTS then?
- 24:40 – How did they save for their dream wedding on The Greek Islands?
- 27:25 – The “ouch” hidden cost — how much was the VAT tax?
- 29:25 – Why model out your property investment strategy?
- 33:57 – Brendan’s money, property and plain ol’ life advice for YOU…
Keen to Get Started with MoneySMARTS like Brendan?
Sign up for your Moorr account today!
Acted on your knowledge learnt on The Property Couch just like Brendan has? Let us know here!
P.S. Haven’t got your FREE PHYSICAL COPY of The Armchair Guide to Property Investing yet?? Get it here (just pay shipping + handling)
