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441 | Why Great Investors Don’t Need to be Champions

Investing can be a daunting task, as it requires making definitive decisions in an uncertain and ever-changing market.  

Many people fall prey to the sirens that lure them towards investment traps, but today’s guest Michael Kemp, the author of the Ulysses Contract, has spent 35 years mastering the art of investing and avoiding these traps.  

He emphasizes the importance of staying focused on your investment goals and using history, diversification, and patience as your guide towards financial success. Great investors don’t necessarily need to be champions, but they do need to apply skill to generate market-beating returns.  

He also believes that investing is more about farms than casinos, highlighting the importance of long-term thinking and disciplined execution.  

We sat down on the couch with Michael and explored some key insights; 

  • The investment sirens to watch out for… 
  • Why Great Investors Don’t Need to be Champions 
  • How to generate market beating-returns through the application of skill  
  • How to create your own watertight plan to pursue your own form of investment success and financial freedom!  
  • Why investing is about farms, not casinos?  

Tune in to the discussion to gain valuable insights and take your investment game to the next level. You can also watch the episode below.

Other Stuff Mentioned… 

    • Check out the new Moorr Dashboard on your Mobile device
    • Want to be a part of our 2023 Winter Series? We would love to hear from you… Register your interest here >> Winter Series
    • Buy a copy of Michael Kemp’s The Ulysses Contract today

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 00:00 – All the awesome stuff we’re covering today! 
  • 02:53 – What’s the new feature in the Moorr Mobile Platform??
  • 04:15 – Shout out for our upcoming Winter Series.. We would love to hear from you. Register your interest here >> Winter Series
  • 07:55 – Mindset Minute…. To invest successfully over time does not require……???
  • 10:40 – Let’s welcome today’s guest…. Michael Kemp  
  • 13:45 – What?? A colouring competition led to a bike??
  • 20:00 – From Dentistry to Corporate Finance
  • 22:58 – Retirement? What retirement?
  • 23:52 – Michael’s philosophy…. The 3 F’s; Friends, Family and???
  • 28:33 – The importance of exploring the experiences of people that came before you…
  • 31:00 – How do you help your kids without feeding them a sense of entitlement?
  • 31:52 – Is it discipline or is it patience??
  • 33:30 – The mindset of self-discovery
  • 35:30 – Where did the Ulysses Contract get its name??
  • 37:08 – Songs, Sirens and Bells!!
  • 37:40 – How do you stay on the journey?
  • 38:00 – What are the TEMPTATIONS??
  • 38:43 – Kicking through a sieve of logic…
  • 39:30 – Which one is most important???
  • 41:33 – Why would you make that contract for yourself?
  • 47:40 – Why would you look for narratives over statistics??
  • 51:15 – Great investors don’t need to be champions….
  • 53:20 – The skill it takes to beat the market!!
  • 56:30 – The epiphany that took 35 years!!
  • 56:55 – What are THE SIRENS?
  • 58:50 – Integrity and ???..
  • 59:40 – WHAT IS THE GREATEST FORCE?
  • 1:00:50 – Reversion to the what??
  • 1:02:10 – How to look at the horizon
  • 1:12:00 – Huh??? Treat our investments like farms and not casinos??
  • 1:13:50 – WHAT IS THE CONTRACT??
  • 1:19:10 – The wisdom that comes when the market starts misbehaving.
  • 1:19:50 – When the storm ACTUALLY brings CALM

Get Moorr out of your money:
Log in or create your free account via the
Moorr web platform, or download the app on Apple and Android and transform the way you view and track your wealth. 

 

440 | How Do They Do It? 5 Wealth Destroying Property Myths

We all have those family and friends with impressive portfolios and beautiful renovations that leave us wondering… 

“How the heck did they do it?!”  

Like…is the answer simply earning a higher income?? Or did they hit the golden number of properties to achieve their dream lifestyle? And ultimately, is it possible for you to achieve the same results?!?  

Well, you’ve arrived at the perfect episode to answer ALL the questions above!!  

In our third awesome Mythbusters episode, we’re shining a light on the 5 BIGGEST wealth-destroying property myths.

Tune in as we debunk and discuss…

🎙️ Myth #1: Does Equity = Borrowing Capacity?!
🎙️ Myth #2: You need 5+ properties to live your lifestyle by design 
🎙️
Myth #3: Rent-vesting as…a Magic Wand?!
🎙️
Myth #4: Higher Incomes = Good M_n_ _ M_ _a_e_ _nt
🎙️
Myth # 5 – Home upgrades: Do they just happen!?!  

If you can’t tell, we’re jumping in feet first to a massive episode!  

And if that wasn’t already a teaser enough, we’re also revealing…  

  • The 5 C’s that banks really assess you on,  
  • The crucial difference between Pure and Partial rent-vesting,  
  • How to overcome and identify when you’re being affected by the Diderot Effect, and much, MUCH more!  

Avoid these pitfalls and uncover how they did it by listening to this episode now!  

 

P.S. Missed the rest of our Myth Busting series? Listen to them here:
Episode 437 | The Biggest Danger people face when looking at property data
Episode 438 | REVEALED: Avoid these Property Buying Myths 

 

Tune in now or watch the episode below 😊 >>

 

Free Stuff Mentioned… 

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 0:00 – The incoming gold!!  
  • 1:16 – AFL chat and a dagger was dropped on Bryce on Anzac Day… 😉  
  • 3:44 – We’d love to learn how you heard about us! Take our 1min survey here >>  
  • 7:03 – PSA: We have a super exciting job opening!! Find out more here… 
  • 8:29 – Mindset Minute: Ever experienced the Diderot Effect?  
  • 11:07 – Brendan experienced this…😰 (and so did Ben!)  
  • 18:14 Myth #1: Equity = Borrowing Capacity  
  • 19:24 – The Backstory 
  • 20:15 – Folks, you can’t just lend on the ____ over the ___ term!  
  • 21:42 – The 5 Cs: What do Banks really look for during their assessment?!? (A. C_a_a_ _er)  
  • 23:09 – B. C_p_ _it_ 
  • 23:45 – C. C_p_ta_ & D. Co_ _a_or _ _  
  • 28:18 – E. C_ _d_t_ _ns 
  • 29:40 – F. Co_ _on _en_e!  
  • 33:09 – Myth #2: You need 5+ properties to live your lifestyle by design  
  • 35:06 – The $100K target is becoming feasible. Here’s why.  
  • 36:33 – You may only need…1 property?!? 
  • 38:39 – It all starts with a plan (This is how to start TODAY) 
  • 43:06 Myth #3: Rent-vesting as a Magic Wand 
  • 44:24 – Pure vs. Partial rent-vesting  
  • 48:07 – The alternate pathways (How our advisors navigate it!) 
  • 53:36 – This is the BIG question you need to ask.   
  • 54:11 Myth #4: Higher Incomes = Good M_n_ _ M_ _a_e_ _nt 
  • 55:29 – More income = More…   
  • 58:30 – THIS is the real builder of wealth!   
  • 59:56 – Some of the hurdles that higher income earners face  
  • 1:02:29 – A common conversation our advisors have…  
  • 1:05:00 Myth #5 – Thinking home upgrade is just going to happen! 
  • 1:05:47 – How to reality-check your dreams  
  • 1:08:44 – Folks, set expectations!  
  • 1:10:58 – It’s actually an act of love…   

And… 

  • 1:13:33 Lifehack: How to escape the Diderot Effect!   
  • 1:18:03 What’s Making Property News: Has Melbourne overtaken Sydney?!  
  • 1:20:11 – And the ABS’ analysis paints a different picture of the rental market…  

 

Get Moorr out of your money:
Log in or create your free account via the
Moorr web platform, or download the app on Apple and Android and transform the way you view and track your wealth. 

 

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