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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. 

 

435 | Should I Sell or Hold Right Now?!

By in Podcast, Property Investment

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With today’s unpredictable and rapidly changing market, how does one know the best investing pathway for them? 🤔😕😵‍💫  

Like, how can this couple ensure they stay in the property game long term when they’ve overreached on their first property?  

Should this couple, who have plans to live overseas, look to buy an investment property or home first?!  

Or how can one, who’s burdened with debt and trapped in an “investing is for rich people” mindset, escape this negative spiral?!   

Folks, this is just a snapshot of today’s episode which is focused on sharing REAL stories from real clients who’ve come to us to optimise their investing journeys – especially in today’s turbulent market.  

We’ll be giving you an insider’s look at the tactics that are involved in planning, covering how our highly qualified and experienced advisors navigate and propose their solutions, so you can do it with your own journey.  

Yep. We’re baring it all.  

Tune in now to get a behind-the-scenes look at how the experts do it!  

 

P.S. If you hadn’t heard yet…you can now watch this episode on Youtube! Click here or on the video below now >>

Free Stuff Mentioned… 

 

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

 

Here’s some of the gold we cover… 

  • 0:00 – Massive incoming gold!  
  • 1:23 – Bryce has no heckles left to give…😉 
  • 3:47 – The origins of this episode  
  • 5:28 – Mindset Minute: Reaching the finish line is easy. The messy middle however…  
  • 12:34 – Scenario 1: How To Stay In The Game Long Term 
  • 15:18 – The #2 reasons Ben loves this story so much  
  • 18:07 – Is it really investment-grade for you?  
  • 20:24 – Scenario 2: First Home vs Investment Property 
  • 21:59 – Exploring Rentvesting as an option  
  • 24:22 – THIS was actually the better solution for them… 
  • 26:35 – Scenario 3: Should I Sell or Hold Now?!  
  • 28:41 – Where recycling costs + borrowing capacity comes in to play  
  • 30:29 – Behind-the-scenes: How we solved this!  
  • 33:58 – We haven’t rattled this off for a while…  
  • 36:22 – Scenario 4: Debt Burden 🙁  
  • 38:40 – How she consolidated and overcame these debts  
  • 41:33 – Set your home on stone, folks!  

And… 

 

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. 

 

427 | “I made 200K over 4 years by not doing much”: The Amazing Penny Drop Moment For This Investor – Chat with Steph

By in Podcast, Summer Series

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Folks…we’ve absolutely LOVED creating this Summer Series and getting to sit down with all of our amazing guests, which is why we’re sad that this our last episode🙁  

(Don’t worry though, we’ve got a seriously good next couple of weeks planned!)  

And you can bet, we’re finishing our 2022/23 Summer Series with an unbelievably great episode…  

Meet Steph.   

Her first renovation was done on a shoestring budget. 

With her husband in between jobs, and Steph herself fresh out of university, there wasn’t much money to play with.   

Then, they received some advice….and made the life-changing decision to sell 🙁.  

But this isn’t the end of this couple’s story. In fact, it’s just the beginning… 

During their next renovation is when they had THE penny-drop moment which transformed their life’s path and financial future forever. 

Tune in to find out what this moment was and the journey Steph and her husband (who she met at just 12 years old!!) have been on… 

From her earliest “observation, not conversation”, money management lessons that she learnt from her amazing parents, to how she found the secret sauce to unlocking her confidence on her investing journey.  

It’s a truly fantastic way to end our Summer Series and a true testament to the importance of good money management habits, taking action, delayed gratification and so much more evergreen wisdom.  

 

 

A huge shoutout to Steph and all our amazing 2022/23 Summer Series guests who’ve had the generosity and openness to come on and share their stories with the community – it’s people like you that are changing the lives of investors everywhere! THANK YOU!   

P.S. And for those folks out there who celebrate it today – Happy Australia Day! 🇦🇺🐨 

 

Free Stuff Mentioned… 

  • Want help with your sequencing? Reach out to our award-winning financial advisory! Book a free, no-obligation initial chat with our team here and see how we can help you on your investing journey 😊  
  • Lifestyle By Design App: We’ve just launched Moorr the mobile app! Our free money management platform is now available on Apple and Android. Check it out today and completely change the way you view and manage your money!  
  • EXCLUSIVE MASTERCLASS: We’ve just released our brand new Masterclass! Learn the #3 secrets on How to build a property portfolio and retire on $2k a week and start 2023 right. Check it out here >>  

 

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

 

Here’s some of the gold we cover… 

  • 0:00 – We’re finishing our Summer Series on a high!  
  • 2:53 – Meet Steph!  
  • 3:27 – “Observation not conversations” 
  • 4:31 – What money management strategy did Steph’s parents take?  
  • 7:04 – Valuing Experience First: The trade-offs and what it looks like  
  • 8:44 – Her parent’s investing evolution + portfolio  
  • 11:04 – Dollarmites & the FIRST thing she and her brother saved up for  
  • 15:16 – The greatest things she’s learned from Dad  
  • 17:30 – From the Reject Shop to her first big purchase  
  • 20:23 – Affording the First Home: In between jobs and fresh out of uni  
  • 22:53 – The One Who Spends & The One Who Saves  
  • 23:12 – Meeting her husband at 12 years old!   
  • 25:31 – The 70’s flip: Renovating on a shoe-string budget 
  • 28:40 – …and they sold it 🙁   
  • 30:22 – The 2nd Reno flip!! (To-be renovators: Listen to this for a golden nugget of wisdom!)  
  • 33:59 – Where did this drive for knowledge come from??  
  • 35:08 – The penny drop moment for Steph…  
  • 36:09 – Getting a plan done by Empower Wealth! (+ WHY they got it!)  
  • 38:01 – The power this couple found from automating their finances 
  • 39:40 – How Steph put the plan into action…  
  • 41:42 – “It was some of the best money we’ve ever spent”  
  • 44:27 – What was this couple’s “big rocks in the jar”?   
  • 46:45 – How has Steph been coping with rising interest rates?  
  • 48:36 – Does she talk about finances with her friends?   
  • 50:41 – How does Steph remain calm despite market noise?  
  • 53:38 – The internal achievement their working towards… 
  • 56:24 – Steph’s words of advice to the community!  
  • 59:22 – Wow, just wow.  
  • 1:04:17 – A massive THANK YOU to all our guests who’ve come onto our 2022/23 Summer Series! 
  • 1:07:45 – We’ve got a super exciting announcement to make…… 

 

426 | “I Went Out On My Own From 14 Years Old”: From A Scarcity Mindset To Finding Financial Success – Chat with Maryanne

By in Podcast, Summer Series

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Today’s special Summer Series guest didn’t have a typical childhood.  

Growing up with a scarcity mindset, Maryanne and her siblings lived in an environment where food was scarce and at a young age, were placed into foster care.    

Then, at just 14 years old, she started making her own way in the world.  

If you can’t tell already folks, today’s Summer Series story is an incredible tale of breakthrough and deciding “It’s not where you’re from, it’s where you’re going”.  

From developing her own money management system at just 14 to self-educating and empowering herself on shares, property and more…  

We follow Maryanne as she transforms her mindset from one of scarcity to financial freedom and entirely self-funds her own property portfolio!!   

We’ll be unpacking 15 bank accounts, a life-changing trip to London, the wild ride to purchasing her first property, and so much more!  

Tune in now to hear all this, plus the heart-warming reason why Maryanne decided to come on the couch.  

 

Maryanne, you are a living testament to the power of financial literacy and taking control of one’s destiny, what an amazing and truly eye-opening story. A huge thank you for sharing it with the community today! 😊  

 

 

 

 

 

P.S. Our exclusive Masterclass is live! Learn the #3 secrets on How to build a property portfolio and retire on $2,000 a week and make 2023 your year. Check it out now >> 

 

 

Free Stuff Mentioned… 

  • Want help with your sequencing? Reach out to our award-winning financial advisory! Book a free, no-obligation initial chat with our team here and see how we can help you on your investing journey 😊  
  • Lifestyle By Design App: We’ve just launched Moorr the mobile app! Our free money management platform is now available on Apple and Android. Check it out today and completely change how you view and manage your money!  
  • FREE, Brand New Masterclass: We’ve just launched our brand new Masterclass! Learn the #3 secrets on How to build a property portfolio and retire on $2k a week and start 2023 right. Check it out here >>  

 

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

 

Here’s some of the gold we cover… 

  • 0:00 – This is an absolute breakthrough story folks  
  • 2:14 – Thank you for all your positive feedback about our Moorr Mobile App!!  
  • 4:25 – A quick note about this recording… 
  • 5:00 – Meet Maryanne!   
  • 5:31 – Being put in foster care & leaving at just 14 years old?!  
  • 7:33 – Her early views on budgeting and debt  
  • 9:10 – Growing up with a scarcity mindset  
  • 11:45 – So, why did she have The Envelope System?  
  • 13:51 – Her journey towards becoming financially literate  
  • 15:37 – THIS was the realisation that started it all… 
  • 16:24 – She has 15 accounts?!?! :O 
  • 19:27 – The money system that transformed her finances 
  • 21:27 – The road leading to property! (and using the First Home Buyer Scheme!)  
  • 22:52 – “I feel really lucky”   
  • 24:44 – Overcoming her dyslexia hurdles and pursuing higher education  
  • 25:57 – The life-changing trip to London… 
  • 27:37 – Buying her first property  
  • 32:10 – …and getting into her first BIG debt!  
  • 35:08 – How is she planning to get her “Big Rock” in the jar?   
  • 37:17 – Cross-Collaterisation: Overcoming the lesser of the 3 evils!  
  • 41:53 – Having a Diversified Portfolio   
  • 42:55 – “You stand on the shoulders of those who came before you”  
  • 45:23 – Creating a strong support network  
  • 47:41 – THIS is why she came on the couch (and we’re so glad she did!)  
  • 49:23 – Maryanne’s Words of Wisdom for the community  
  • 51:05 – What does Financial Freedom look like for her?  
  • 53:01 – What a seriously fantastic episode 😊  

 

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