James Clear: Forget Your Goals, Focus on Systems

By The Property Couch February 27, 2024 in Podcast

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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 Again. Create your free account or login >>

Additional Resources

James’ Book — Atomic Habits
Books that James highly recommends reading:
- Meditations, by Marcus Aurelius
- Manual for Living by Epictetus
- The Lessons of History by Ariel and Will Durant
- A Calendar of Wisdom: Daily Thoughts to Nourish the Sou l by Leo Tolstoy

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

By The Property Couch February 22, 2024 in Podcast, Property Investment

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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…

March Monthly Recap

By The Property Couch February 16, 2024 in Free Resources

Episodes

Ep 484 | Cracking the Code: Mastering the 60% Land to Asset Ratio

Kicking off our first Q&A session for 2024, we’re diving into the widespread economic and political factors that have become “the perfect recipe” for today’s housing crisis, dissect how to master the 60% of land-to-asset ratios and more!

485 | Must the Plane Have Landed BEFORE I Retire?

Is 64 too old to be starting a property portfolio?
Must your investment property be fully funded by the time one retires?
And why does investing with intention matter – even after you’ve acquired 5 properties?

In today’s Q&A we’re answering these fantastic questions that explore the many layers folks should consider BEFORE they choose to enter or exit the property game.

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

We’ve all experienced the gut-wrenching anxiety that comes with property investing, and it’s a natural response considering the large 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 just one of the REAL stories from today’s honest and inspirational Case Study episode.

Bonus Episodes!

Exploring “Scarcity” in Property Investment

Note: This episode is a re-run of one of our older episodes. It originally aired on 12th November 2015 😊

In this episode, we explore why the old adage of ‘location, location, location’ still rings true for property investment. We explore how 80% of your return is determined by where you buy and only 20% by what you buy.

Redefining Debt: The Game Changing Strategy You Need to Hear

In this week’s episode, Bryce makes a guest appearance on the Wealth Time Freedom (WTF) podcast, hosted by Terry Condon!

They cover a wide range of topics including:
💵 Horrible, tolerable and productive debt
🏘️ How to pick an investment grade property
👩‍👦‍👦 Demographic shifts that are likely to impact property prices over the next 5-10 years

This bonus episode is all about the courage to pursue passion over expectations, cultivate financial resilience, and play the long game of property investment!

Free Stuff…

Property Suburb Report

Learn how your suburb has performed and its changing community and properties. ‘Cos it’s our birthday month, we’re also giving it away for free!

Corelogic’s Women in Property Report

As Australians increasingly engage in conversations around gender equality, CoreLogic adds a new dimension to the debate – the issue of gender equity in property ownership. This year, they’ve also updated their survey methodology to offer new insights into the differences between genders in motivations, attitudes and barriers to getting on the property ladder.

RBA Cash Rate Mar 2024 | Are We Facing Challenges with Sticky Inflation?

Welcome to the second RBA Rate Release of 2024!

Once again, our esteemed economist Evan Lucas and affable host, Ben Kingsley, reunite to decipher the latest economic trends and data in this month’s episode.

In this instalment, Ben & Evan covers sticky inflation in the US, dive deep into the December GDP Quarter Numbers, uncover the Bank of Japan’s Interest Rate Decision, and much more.

MOORR Webinar Replay: Best Tools for the Job – What to Use When?

Within Moorr, our money management platform, there are currently over 25 features and tools, providing more than 100 different insights!

We recently hosted a webinar covering the best tools for the job and revealed how all your data comes together to give you meaningful insights through our “track your progress” approach to money management.

Check out our other platforms for more free content:

Youtube >>

Instagram >>

Facebook >>

Why an Abundant Mindset is the Formula for Financial Freedom

By The Property Couch February 13, 2024 in Podcast

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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!

478 | What Happens When Money is Used to Control: How She Escaped It & Overcame Scarcity & Gender Wealth Inequality – Chat with Amanda

By The Property Couch January 25, 2024 in Podcast, Property Investment, Summer Series

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For our final episode in our 2024 Summer Series, we’re welcoming Amanda, an extraordinary guest who is not only a TPC listener but also an empowering qualified property investment advisor at Ben’s advisory!

Today, she’s sharing an incredibly eye-opening and gut-wrenching story…

Amanda grew up in an environment where…

“Money was frequently used as one of the tools on the coercive control toolbelt by my dad… There was also financial inequity between the males and females in my family growing up.”

From battling psychological, physical and financial abuse to rebuilding her family’s life from scratch after a life-changing epiphany, we’re unpacking a tale that demonstrates Amanda’s strength and determination at every turn.

But this story isn’t just about Amanda.

We also get to celebrate how her inspirational supermum escapes from this abusive relationship and takes control of her future – also using property as a vehicle! 🙌🙌🙌

This episode explores the scars that are left from financial abuse, the determination and bravery it takes to start again, and the financial disparity (be it finances, property investing or superannuation) that still exists between men and women.

It’s a truly impactful and heartwarming story – we’re finishing our 2024 Summer Series with a guest we’re so proud to have on the couch and in our team.

Free Stuff Mentioned

FREE AUTOMATED MONEY MANAGEMENT SYSTEM – Check out the Moorr platform that automates Money SMARTS for you!
FREE BOOK— Make Money Simple Again
FREE BOOK – The Armchair Guide To Property Investing
The Binge Guide – The First 20 Episodes
Keep sending us your stories! We love to read them, and for us, it’s never too early to start searching for guests for our next Winter Series 😉 Send us your money story now >>

Helpful Resources

This week’s episode explores serious financial issues. For those looking for assistance or support, especially in dealing with financial abuse, you are not alone. Below, you’ll find a collection of helpful resources and links. Please don’t hesitate to reach out for support.

1800RESPECT is a 24-hour national sexual assault, family and domestic violence counselling line for any Australian who has experienced or is at risk of these occurring. Learn more about what financial abuse looks like on their webpage or YouTube.
Facing financial abuse? Equip yourself with 1800’s financial abuse support toolkit.
Financial counsellors can be contacted via 1800RESPECT or the national debt helpline on 1800 007 007. You can also visit the National Debt Helpline’s webpage.
The Centre for Women’s Economic Safety offers a supportive space for individuals seeking guidance on financial matters. You have the option to schedule an appointment through their Money Clinic online, or you can call them at 1800 730 031. (Please note – they do not provide direct financial assistance.)
Each state and territory has police specifically dedicated to supporting family and domestic violence. Often called Domestic Violence Liaison Officers (usually women), those facing financial abuse can ask to speak with one at a nearby police station.

Timestamps

0:00 – What Happens When Money is Used to Control: How She Escaped It & Overcame Scarcity & Gender Wealth Inequality
1:26 – Welcome Amanada!
1:59 – Living with financial abuse 🙁
4:36 – “Our psychological, physical and financial safety were shifting plates beneath us”
6:26 – What was it like living with financial gender disparity?
8:30 – First jobs and sent away to boarding school
12:15 – Growing up with a parent who was narcissistic…
14:36 – How she used these experiences to positively shape her life.
16:00 – Cutting contact & finding courage at her wedding
17:32 – Ben’s family faced financial abuse too. Here’s his story.
20:51 – Amanda’s mum used property to change her financial future 🙌🙌🙌
22:42 – From the grieving period to re-building confidence
29:32 – Amanda’s first big rock in the jar!
30:37 – Managing money as a couple & love languages
32:34 – The solvent money management system they used to save
33:54 – “We jumped onto the property ladder on an oily rag”
36:50 – Raising Kids & Renovating: Why did they decide to stay?
41:23 – The 10-property strategy
45:00 – Amanda’s epiphany moment and leaving it all behind…
47:39 – What motivated them to make this life-changing leap?
49:17 – Finding their dream home!
51:52 – Future plans & landing the debt plane ✈️
53:22 – The transformational career pivot & finding The Property Couch
57:11 – The War on Wage Disparity
1:02:33 – “I just want to live my life authentically”
1:04:15 – Folks, you can always pivot.
1:10:20 – A message to anyone facing coercive control…
1:16:19 – Amanda, we’re so proud of you!
1:20:10 – “Where I am right NOW is my FAULT, IF…”
1:21:14 – Our Mission
1:22:30 – How can the Moorr platform help with your Lifestyle by Design?
1:33:20 – Stay tuned! We’ve got historically revolutionary updates in store!
1:40:50 – Keep sending us your stories! We read every single one of them 🙂

Free Stuff Mentioned

Additional Resources

Timestamps

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

Free Stuff Mentioned

Events Mentioned

Timestamps

Episodes

Bonus Episodes!

Free Stuff…

Check out our other platforms for more free content:

Free Stuff Mentioned

Timestamps

Free Stuff Mentioned

Helpful Resources

Timestamps

Instagram

Free Resources

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