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And there’s no better place to start than with Brendan Deith, who took his humble beginnings as a paperboy to ignite money habits that would go on to pave the way to a passive income for life!
And Brendan’s journey has indeed been an endless ripple effect – from learning good money management early (thanks to his paper round and his parents’ sound money management conversations around the kitchen table) right through to the ULTIMATE OUTCOME – financial contribution.
There’s a few tweaks and tips along the way too… so strap yourselves in folks ‘cos you’re in for a feel-good episode with solid takeaways that you can go ahead and implement in your own life too!
Psst… just wait to you get to the part about “The Classroom Economy” – it’s game-changing!
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What We Cover…
- 05:38 – Brendan’s Backstory
- 08:30 – The drum set that kickstarted healthy money habits…
- 09:57 – What was his parents’ “extra” jar?
- 11:09 – The award saver account (paper round money)
- 12:18 – What was Brendan’s original budgeting system?
- 14:27 – The first property
- 16:17 – How did having a buffer help with the mindset?
- 17:48 – BEFORE MoneySMARTS…
- 18:58 – AFTER MoneySMARTS…
- 24:26 – The ripple effect of spending habits
- 26:22 – What does Brendan most enjoy about delayed gratification?
- 27:44 – How & when did he discover MoneySMARTS anyway?
- 29:44 – Unique ways to get your essential spending down…
- 30:38 – How does Brendan navigate provisions?
- 31:34 – Why has he NEVER done the 7-day float?
- 32:13 – Using a credit card for everyday spending (Who should & who absolutely should NOT?)
- 33:32 – Is Brendan’s wife equally on board?
- 24:17 – The Best Advice They Ever Got!
- 35:17 – What are they doing with the trapped surplus?
- 35:37 – What’s their passive income target?
- 37:33 – Getting Property Investment Advice and getting an answer to this question: “How many properties do we actually need?”
- 39:41 – How does he feel about getting into debt?
- 41:09 – The first investment property…
- 43:75 – The Two Journeys You’ll Almost Always Take To Reach Financial Peace
- 45:04 – Brendan’s “Classroom Economy” that teaches kids about money…
- 50:42 – MoneySMARTS Hack
- 52:53 – Brendan’s Question for us: Do you plan for an increased material (and labour) cost for renovations?
Note: There are more real-life investor stories like this in our Summer Series! Make sure you check them all out here.
Keen to Get Started with MoneySMARTS like Brendan?
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