X

TPC Gold | Why We Swear by the Seven-Day Float

This snippet is from one of our previous episodes: Seven Tips to Trap Your Surplus Cash. 

In today’s TPC Gold soundbite, Bryce and Ben unpack one of the most powerful—and underrated—tools in the MoneySMARTS money management system: the seven-day float. 

Forget spreadsheets, complex budgeting, or tracking every dollar you spend.  

The seven-day float is all about simplicity and control. It’s a weekly spending system that helps you stay on top of your cash, ditch the guilt, and spend with purpose. 

As Bryce puts it:
“It’s a game changer. It might feel hard for the first couple of weeks, but once you find your rhythm, it can completely change your money habits.” 

What is the Seven-Day Float? 

It’s your weekly spending allowance—the money you’ve already set aside (based on your plan) to spend on things like food, petrol, and everyday expenses. You’re not budgeting in the traditional sense—you’re following a clear, rules-based system that helps you avoid tapping into savings or overspending. 

And the best part? It works whether you’re a uni student, a parent managing a household, or the CEO of a big company. 

Why It Works 

✔️ It replaces guesswork with clarity
✔️ It breaks the “tap-and-go” overspending habit
✔️ It gives every dollar a job
✔️ It builds financial confidence and discipline 

“The seven-day float makes you pause. It helps you ask: Do I really need this right now? Can it wait till next week? That’s the magic.” – Ben 

The banks don’t love this approach… because it’s not built to get you to spend more. It’s built to help you trap surplus, build wealth, and live with less stress. 

Want to Know How to Start with the Seven-Day Float?

Learn all about MoneySMARTS—including how the seven-day float fits into the broader plan—in our book, Make Money Simple Again.  

It’s helped thousands of Australians take control of their money without giving up the things they love. 

__________________

If You Enjoyed TPC Gold | Why We Swear by the Seven-Day Float, You Might Also Like:


Transcript

Bryce Holdaway
So number three is get money smart. That’s a surprise from us.  

Ben Kingsley
Yeah, well we’ve got to weave it in, don’t we? But the point here is…  

Bryce Holdaway
…we believe in it. 

Ben Kingsley
It’s a proven system, Bryce. So the reason why we believe in it is because a lot of people don’t like to have complex ways in which they’ve got to document every dollar they spend. So our top-down approach in terms of how we make money management easier is what it’s all about. And in terms of these top seven tips, the one we want to highlight the most is the seven-day float right, so the weekly allowance.  

Bryce Holdaway
It’s a game changer. 

Ben Kingsley
It’s a game changer because you take that mindset that we were talking about before about how much money have I got, so irrespective of whether it’s a cashless economy or you don’t care that it’s a tap and go then, because you will absolutely know that I have got $50 left so this is a decent purchasing decision. Whereas if you know that there’s $60,000 in your offset account…  

Bryce Holdaway
Absolutely. 

Ben Kingsley
So boom, boom, you’ll just keep doing it, right? So we’ve gotta change that habit. It’s like, no, no, I’ve gotta get to my next seven-day allowance, you know, that weekly flow.  

Bryce Holdaway
So I’ve been doing the seven-day float for years now. Thanks to you and Popey introducing that. I can say to the people, and I don’t know if you can remember far back when you started it, I say to the people, when you implement it, you will probably stumble. Keep going. Because it’s usually week two, you’ve made less, week three, maybe even week four, Ben, but you’ll eventually get into the cadence, you’ll eventually get into that rhythm, and it’s really, really important. Because if you’re trying to undo a lot of habits of keeping up with the Joneses, tapping and going, not being accountable with your money, keep going back to the well. It’s actually a huge shift for you to go: Ooh, what do you mean I’ve got to reign in my spending? What do you mean I’ve got to actually identify how much is in my seven-day flow? What do you mean I’ve got to actually use Grade Five Maths just to keep up to date on how much money I’ve got left? It is an adjustment, it is a shift, but it’s one of those things if we go back (to) if you do what’s easy, your life will be hard. It’s actually gonna be hard in the very first couple of weeks as you’re trying to get two people on the same page if you’re sharing agenda with someone else, but once you’ve done it, it makes an enormous difference.  

Ben Kingsley
It does. I mean we’re seeing some of these money apps from the banks and so forth. I mean they want you turning money over, right? It’s in their best interest, commerce, the whole thing works for them, right? So if their app tells you, I can’t go and buy a dress now because it’s not payday, but if you’ve just been paid, you can go out and buy a dress or you can go out and buy something material, that’s probably not still the best money management system. What you should have is a classification for clothing and footwear, and you should provision for that, and you should know basically how much you’re going to spend on that over the year. Whether you go and buy that dress tomorrow, that’s fine. Just don’t go and buy three or four more dresses or five pair of shoes or in the guy’s case, don’t go and overspend on business shirts or whatever it is you’re going to spend on. That’s the point in terms of once you’ve provisioned for it, you’re able to spend it, but just don’t spend any more than that. So there’s a combination of ideas that meshes together to build the money management system in terms of MoneySMARTS. That’s the way in which to use that.  

Bryce Holdaway
So couple of things for MoneySMARTS… It’s not a budget; it’s a money management system.  

Ben Kingsley
Correct. 

Bryce Holdaway
It’s the money that you said you’d spend each week; we call it the seven-day float, and it just means that you don’t unconsciously overspend again, Ben. And the rest is just a simple rules-based system thereafter. So the fundamental principle behind it is that every dollar has a job to do, every dollar is allocated somewhere, and it’s just based on how our grandparents used to use money BC (before credit cards), and it’s evergreen, Ben. It works at every stage of your life.  

Ben Kingsley
Every stage.  

Bryce Holdaway
If you’re a university student on casual income, no problem. If you are CEO of a Fortune 500 company, it works. It doesn’t discriminate; works for everyone. So if you wanna check that out, clearly we’ve written a book on it, but it’s something that we think is imperative to trapping surplus cash. 

 

486 | “Stuff This!”: How to Tackle Financial Anxiety

 

PLEASE NOTE: We have changed the names of the folks in these case studies.  

We’ve all experienced the gut-wrenching anxiety that comes with property investing, and it’s a natural response considering the huge sums of money and extensive time involved.  

But what happens when it becomes an overwhelming feeling that wakes you up at 2am?  

Folks, this is a REAL story from today’s honest and inspirational case study.  

From Billy, a single dad holding onto his ambition to secure a future for his son amidst personal and financial upheaval, to Liz and Michael, a couple who found themselves constantly fighting their financial fears.  

Hear how these investors confronted their anxieties, took that first big step with a qualified accountability partner and created their path to freedom.   

The end result? One plan maximises time in the market resulting in a passive income of $2K and the other one creates a net wealth of $17M at retirement 😮  

Tune in now to find out step-by-step how these folks will achieve this!  

P.S. Huge thank you to today’s guests for opening up about their journeys, we know it’ll inspire many folks in the community to take action.  

 

Free Stuff Mentioned

 

Timestamps

  • 0:00 – “Stuff This!”: How to Tackle Financial Anxiety 
  • 2:43 – PICA Webinar: Stage 2 Property Reforms (QLD)  
  • 3:28 – Social reach out from Kurtis (Share the ep you’re listening to on your socials!)  
  • 6:08 – Vale Steve Waters  
  • 8:46 – Mindset Minute: What is consistency?  
  • 13:05 – How MoneySMARTS saved this listener! 
  • 14:33 –  Moorr Upgrade Teaser! 
  • 16:31 – Case Study #1: Billy 
  • 20:20 – The magic of soundboards 
  • 22:06 – External Problems: A growing business & limited borrowing capacity  
  • 23:30 – Mortgage-Savvy Brokers vs. Accountants  
  • 26:59 – The Internal Challenge 
  • 28:47 – The Plan: How to put more cards on the table  
  • 31:59 – Contingencies Amanda built into this “Single Gent Plan”  
  • 38:15 – How Billy is maximising his tax deductibility  
  • 39:44 – The end goal and his focused transformation  
  • 43:25 – Case Study #2: Liz and Michael  
  • 45:46 – The Anxiety Pitch 
  • 47:43 – Where did the stress and anxiety come from?  
  • 50:52 – Bryce & Ben’s experience with investing anxiety  
  • 55:09 – Google Maps Analogy: There is NO one-size-fits-all!  
  • 57:27 – The Epiphany: “Stuff this!”  
  • 58:41 – The Plan: The contingency child and education 
  • 1:03:54 – How this couple took action 
  • 1:07:25 – $17M at retirement and no more anxiety! 
  • 1:10:16 – Thank you to Amanda, Stu, Billy, Liz & Michael!  

And… 

  • 1:10:47 – Lifehack: A Bed-Time Routine for Strengthening Connection 
  • 1:14:25 – WMPN: Disturbing data from Victoria: House and land sales plummet  

 

James Clear: Forget Your Goals, Focus on Systems

Please Note: This episode is a re-run. The original air-date was on December 5, 2019. 😊     

Building on from Episode 482, where we explored why progress tracking is key to healthy financial habit formation, we’re bringing back an old episode where we uncover… 

The 4-step framework from James Clear on how to build good habits and break bad ones – for good!  

For those unfamiliar with this best-selling author of Atomic Habits, James applies a unique blend of scientific research and practical life to breaking and building habits. His website receives millions of visitors each month, and he is a regular speaker at Fortune 500 companies.  

We’ll explore his distinctive perspective on habit-building, decision-making and continuous improvement from creating environmental design to the “scaling down” strategy.  

It’s an episode about creating lasting behaviours, overcoming setbacks and what encompasses true behavioural change. Tune in now!

 

Free Stuff Mentioned

  • Make Money Simple Again: Download our best-selling book that breaks down our MoneySMARTS money management system for FREE here >>    
  • Moorr App: Check out our money management platform (available on Desktop and Mobile) that automates the system from Make Money Simple AgainCreate your free account or login >>  

 

Additional Resources

Timestamps

  • 0:00 – James Clear: Forget Your Goals, Focus on Systems    
  • 3:56 – Welcome James!  
  • 5:44 – His backstory… 
  • 10:40 – Why focus on daily habits?  
  • 12:58 – The downsides to goal setting 
  • 15:03 – Why systems always trump goals  
  • 16:49 – How habit formation and MoneySMARTS relate 
  • 18:10 Scaling Down: How to sustain good habits  
  • 20:05 – Why does the entry point matter more than the end?  
  • 21:27 – What is true behaviour change? 
  • 23:58 – What common habits can you move the needle on quickly? 
  • 26:36 – The 4-step Framework to Build Good Habits and Break Bad Ones 
  • 31:51 – Environment design: Why it matters!  
  • 34:33 – Why you need to Master the Art of Delayed Gratification 
  • 36:32 – What is The Valley of Death? (And how do you get through it?) 
  • 38:00 – GOLD! 
  • 43:10 – What does James recommend? 
  • 44:33 – How does James get so much done?? 
  • 48:32 – How to deal with disappointment and setbacks  
  • 52:04 – James’ book recommendations 

 

482 | Why Your Financial Habits Aren’t Sticking

 

We all know money is simple, but behaviour is hard. 

So what can we do to create lasting financial habits and behaviours instead of falling back into old money habits?   

Folks, in today’s episode, we’re sharing a scientifically backed solution that’ll reveal how to achieve your goals financially and in life.  

From introducing feedback loops to creating accountability (and that’s just the tip of the iceberg), we’re uncovering how these can be used to boost goal achievement, motivation, self-efficacy, and more!  

It’s a revolutionary episode where we dive beyond the waters of investing psychology and into the deeper, murkier waters of why humans act the way we do. Give it a listen now!   

 

Free Stuff Mentioned

  • It’s our 9th Birthday! Our Present to You: Free Suburb Report
    Time’s running out to get your Suburb Report for free. Learn how your suburb has performed and its changing community and properties.  
  • “Make Money Smart Again” Book: Our MoneySMARTS money management that’ll reduce your decision fatigue, teach healthy financial habits, and (as the name suggests) simplify your money management. 😊  
  • “The Armchair Guide to Property Investing” Book: The simple steps to invest in property and how to achieve your passive income goals. 
  • Moorr Money Management App: Our platform automates the money management system from “Make Money Simple Again” (available on mobile and desktop). We’ve just introduced MyFinancials and Historical Tracking to help you easily track your progress towards your financial goals!  
  • Read James Clear, Author of Atomic Habits, Ultimate Habit Tracker Guide  
  • Episodes 261 | How to Hack Your Habits to Make You a Better Money Manager – Chat with James Clear 

 

Events Mentioned

  • The Property Investors Council of Australia (PICA) Webinar:
    Melinda Jennison, REBAA Chair, will share insights into the 2024 market outlook, key elements to watch out for as property investors and uncover what buyers’ agents bring to the table. 7-8pm, 27th February AEDST.  
  • Investing for Doctors: Financial Independence Career Optionality Conference
    Ben will be the first speaker on Saturday, 9 March! Tune in to hear a range of speakers from the property world sharing information to assist doctors in everything they need to succeed in their financial and wealth creation journey. The event runs 9-10th March in Sydney. 

 

Timestamps

  • 0:00 – Why Your Financial Habits Aren’t Sticking    
  • 1:21 – It’s our 9th birthday & upcoming events 
  • 8:07 – Mindset Minute: Saving vs. Investing  
  • 9:39 – “Money is simple, behaviour is hard”  
  • 12:00 – The secret behind motivation and goal achievement  
  • 14:00 – How to implement goal tracking  
  • 16:32 – Why financial goals are no different from any other goals 
  • 20:18 – Finding evidence to increase your Self-Efficacy 
  • 22:21 – Be, Do, Have   
  • 26:02 – Habit formation and behavioural change  
  • 29:14 – How Ben quelled his financial anxiety 
  • 33:15 – C_ _p_r_s_n is the thief of joy 
  • 36:05 – Keep it simple!  
  • 40:10 – How to overcome decision fatigue 
  • 43:44 – THIS can be used for the power of good or bad  
  • 49:37 – If you see the progress, it makes you… 
  • 52:37 – Perception of t___ and e____ 
  • 54:27 – This is the 2nd most important thing to be successful  
  • 56:21 – How to track your progress easily  
  • 1:06:16 – Recap 
  • 1:07:20 – Sustained Consistency!   

And… 

  • 1:08:15 – Lifehack: Small action to motivation. Take action today.  
  • 1:22:54 – WMPN: Interest rate cuts in the later part of year… 

 

Why an Abundant Mindset is the Formula for Financial Freedom

In this week’s episode, Ben makes a guest appearance on The Australian Property Investment Podcast, hosted by Aaron-Christie David.  

From dissecting why money isn’t as simple as “in and out” bank transactions to exploring why home ownership is still possible for new investors and generational renters, this week’s episode is all about the power of an Abundance Mindset.  

Here’s a sneak peek of what else we cover…
🇦🇺 Is the Great Australian Dream dead? 
🏠 The 2 biggest mistakes Ben made in property
💡 How Ben and Michael designed a revolutionary money management system
🕰 Building money habits for long-term success
📈 How an investor’s wealth-building speed affects their psychology
📚 PIPA’s pivotal role in property investing
🚩 The Red Flags a property spruiker will show   

Listen now!  

 

Free Stuff Mentioned

  • Make Money Simple Again: Download our best-selling book, for FREE here >>   
  • Manage your money in 10 minutes a month: Check out Ben and Michael Pope’s revolutionary money management platform (available on Desktop and Mobile) that automates the system from Make Money Simple Again. Create your free account or login >>  
  • Get Qualified Property Investment Advice: Learn more about The Property Investment Professionals of Australia (PIPA) and how they can help you to avoid being spruiked. Find out more >>  

 

Timestamps

  • 0:00 – Why an Abundant Mindset is the Formula for Financial Freedom 
  • 4:05  Ben’s 3Ps 
  • 6:40 – The #2 biggest mistakes he’s made  
  • 8:35 – Adopting an “Abundance Mindset”  
  • 12:49 – From coffee to empowering others  
  • 15:09 – Why Money Isn’t Simple!  
  • 18:15 – A client focused approach to property investing 
  • 21:19 – Designing revolutionary money management  
  • 26:27 – Is the Great Australian Dream dead?   
  • 32:15 – Should generational renters be worried?  
  • 36:27 – “The Market Rewards Action Takers and Decision Makers” 
  • 39:54 – Why does the speed of your wealth-building matter?   
  • 43:12 – PIPA’s Pivotal Role in Property Investing  
  • 46:22 – Watch out for these property spruiker red flags! 

Instagram

This error message is only visible to WordPress admins
There has been a problem with your Instagram Feed.
This error message is only visible to WordPress admins
There has been a problem with your Instagram Feed.

Free Resources

What to be notified when there are
new updates & free resources?

  • This field is for validation purposes and should be left unchanged.

×

MONEY SMARTS SYSTEM

Plus We Will Also Notify You When We Release New Episodes

We Only Send You Awesome Stuff

×

SUGGEST A GUEST!

We Only Send You Awesome Stuff

×