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443 | How to Break Free from the Spending Trap

By in Podcast, Property Investment

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Join us in our latest episode of MythBusters as we debunk the widespread misconceptions surrounding taxes and financial planning. Prepare to be enlightened as we unravel the complexities of last-minute tax preparation and unveil the secrets of meticulous documentation.  

Brace yourself for the rollercoaster ride through the ever-changing landscape of tax laws and their impact on depreciation claims.  

We also delve into the realm of financial planning, shattering the myth that a defence strategy is merely optional and challenging the notion that it’s exclusively for the middle-aged. Get ready for a treasure trove of knowledge, including the hidden gems of starting early, skill-building, and networking for long-term financial triumph.  

Discover the multifaceted role of financial planners, far beyond their reputation for recommending shares. And in a world filled with uncertainty, we shed light on the art of informed decision-making. 

We promise you that this dry topic will be full of life and give you much-needed insights into a topic that very few of us ever think about AND might just be the key to optimising your portfolio! 

Don’t miss out! Tune in now or watch the episode below 🙂 

Other Stuff Mentioned… 

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

 

Here’s some of the gold we cover… 

  • 00:00 – The next instalment of our MythBusters series   
  • 12:00 – Mindset Minute……   
  • 16:44 – Entrapped by spending?? 
  • 20:00 – Stuck in the 70’s??? 
  • 22:30 – Passing on wisdom instead of?? 
  • 24:00 – Tax Myths.. 
  • 24:25 – #1….. Do all accountants know how to maximise your…..  
  • 29:15 – Why is forward planning so important? 
  • 33:00 – What I want vs what I get….. 
  • 34:00 – Back in my day it was….. 
  • 35:10 – #2 – Devoting a weekend to do what??? 
  • 35:35 – Don’t leave the gathering too late… 
  • 36:10 – Last-minute scrambling could mean?? 
  • 41:30 – #3 – Are you sure you know what you can claim on depreciation? 
  • 42:10 – The cost may be more than the return but……. 
  • 44:40 – So…… what makes a great accountant?? 
  • 45:30 – Listen up!!!! What’s the data match? 
  • 47:00 – Financial Planning Myths… 
  • 47:50 – #1 – Defence Strategy is discretionary rather than a??? 
  • 48:10 – Protecting your biggest asset… 
  • 51:20 – Change the paradigm from expense to??  
  • 53:20 – #2 – Financial planning advice is only for who????  
  • 53:40 – The value of using a Financial Planner? 
  • 54:00 – The benefits of starting early?? 
  • 1:01:10 – Goal setting, education and… ??? 
  • 1:03:20 – #3 – Financial Planners recommend you buy…. ?? 
  • 1:03:45 – What is the history? 
  • 1:06:50 – Is now the time to be in the property market? 
  • And….. 
  • 1:13:50 – Life Hack…. Now is a VERY GOOD TIME TO BE??? 
  • 1:17:40 – What’s Making Property News

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. 

 

442 | NRL Star on Money, Property and Life after Footy – Chat with Chad Townsend

By in Podcast, Property Investment

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In this week’s episode, we sat down with NRL superstar Chad Townsend. And let us assure you folks, this one is NOT JUST for sports lovers… It truly has something for EVERYONE. It is absolutely packed with inspiration and wisdom. 

Chad’s incredible journey from 17, when he made a huge decision to purchase his first property, to his current state is an inspiring testament to perseverance. His story sheds light on the sacrifices that he had to make, to embracing pivotal catalysts that propelled his progress.  

In the pursuit of financial success, Chad talks about how crucial it is to adhere to timeless principles (that we regularly talk about here on the couch), regardless of your income level.  

In this discussion with Chad, we unpack: 

  • Trusting your instincts and how making sound decisions become key factors in determining the right path 
  • The significance of trustworthy relationships  
  • How investing early lays the foundation for long-term prosperity 
  • The formula for success….. Discipline, Sacrifice, and unwavering Hard Work 
  • How engaging the expertise of a Buyer’s Agent proved to be invaluable  
  • AND…… What lies ahead for Chad when the adrenaline fades!!  

What a sensational episode! It was an absolute delight to have a chat with a true superstar of the NRL. Despite his incredible achievements, his humility shines through, making it a truly memorable experience. 

Tune in to the discussion or watch the episode below.

Other Stuff Mentioned… 

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

 

Here’s some of the gold we cover… 

  • 06:00 – Mindset Minute… The psychology of???
  • 13:50 – Welcome to today’s guest… Chad Townsend
  • 19:50 – Using the same principles, no matter how much money you make!!
  • 22:30 – Questioning whether you are doing the right thing and trusting your gut
  • 25:00 – How important are relationships that you can trust??
  • 27:00 – Investing your money early? Is it important??
  • 29:47 – Do you understand money??
  • 30:30 – What is the common focus???
  • 31:20 – Great advice…. If you make the most of it… It can give you a good??
  • 33:50 – What is the formula of success?? Discipline, sacrifice and???
  • 35:10 – Putting your energy into the things you can control
  • 36:10 – Are athletes normal people going through the same adversities??
  • 37:20 – What were the sacrifices Chad had to make??
  • 38:00 – Driving a what? For how long?
  • 39:19 – What was the catalyst??
  • 40:00 – Why using a Buyers Agent proved to be invaluable….
  • 42:10 – What is the next phase of wealth creation?
  • 43:15 – Why does lowering the bank account seem so scary??
  • 47:30 – What was the great idea??
  • 51:20 – Does renting culture need to change in Australia?
  • 55:10 – The bold decision made by a 17-year-old….
  • 56:20 – What is next when the adrenalin hits run out??
  • 57:40 – How to find that energy balance?
  • 1:04:00 – What can you do today?
  • 1:04:55 – Some of the biggest things Chad has learned over the journey…
  • 1:05:40 – The ability to show patience??
  • 1:06:20 – The importance of a long term horizon..
  • 1:08:00 – What does it feel like for you inside???
  • And…
  • 1:15:50 – Life Hack!!
  • 1:17:15 – What’s making property news?

 

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. 

 

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

By in Podcast, Property Investment

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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

By in Podcast, Property Investment

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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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