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521 | How NOT To Lose $1M: Win at Investing by Losing Less – Chat with John Addis

By in Podcast, Property Investment

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What does it really take to become a successful investor? Is it luck? Skill? Or something a little more surprising… like learning to love your mistakes? 😮  

In this week’s episode, we sit down with John Addis, founder of Intelligent Investor and author of How Not to Lose $1 Million: Win at Investing by Losing Less.  

With a fascination for investing and what makes a successful business tick, John specialises in turning complex financial concepts into easy-to-understand, impactful insights. 

Today, we’ll share John’s inspirational journey, from buying his first flat at 21 to founding one of Australia’s most respected financial magazines.  

Along the way, he’s made his fair share of investing missteps – including a $1.4M property mistake – and shares golden lessons that every investor can use to win more and lose less when investing.  

In this episode, you’ll hear:

👉 The biggest misconception about investing mistakes (and why we actually need to welcome them!)

👉 Why most people should NOT be managing their own money

👉 The surprising truth about valuation methods across stocks, property, and more

👉 Why success too early can be dangerous for your investing journey

👉 John’s simple 3-step thesis for long-term investing success

👉 How his leukemia diagnosis reshaped his perspective on money, family, and what really matters. 

For a sharp look into how humans can overcome the psychological barriers that make us terrible investors, listen in now!  

Free Stuff  

  • Ask Opti, your very own TPC podcast companion, ANY property question!
    Opti, your property AI, has been live for ONE week and has received some fantastic questions! Ask Opti your biggest property questions, and it will scour our entire catalogue – we’re talking all our courses, books and 500+ episodes – to find the answer to your questions instantly. To give it a spin, simply text click here to start the conversation on Whatsapp or scan this QR code: 

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  • We’re on the hunt for a Chief Operating Officer!
    If you, or someone you know, who is passionate about financial services, loves putting people first and is fascinated by digital transformation and technology, then reach out to Ben on LinkedIn or find out more about the job here >>   

 

Timestamps  

  • 0:00 – How NOT To Lose $1M: Win at Investing by Losing Less – Chat with John Addis 
  • 1:22 – Opti, your own property AI is here!  
  • 3:52 – Bryce is donating his 50th birthday to cure blindness  
  • 5:49 – We’re on the hunt for our next Chief Operating Officer!   
  • 7:27 – Summer Series 2024/25 starts soon!  
  • 8:08 – Mindset Minute: What success in investing actually looks like  
  • 8:43 – Welcome, John Addis!  
  • 10:32 – The biggest misconception about investing mistakes  
  • 11:44 – Money Story: “Talking about money had a certain level of dirtiness”  
  • 13:32 – From coal miners to caravan trips in Devon  
  • 17:02 – Buying his first flat at 21 years of age?!  
  • 18:26 – Moving to Australia: Finding his feet and first jobs  
  • 21:33 – What it’s like running Intelligent Investor, one of Australia’s cornerstone financial magazines  
  • 23:44 – Doing the Math: Financial planners take more than HALF of your overall wealth
  • 26:25 – Golden lessons learnt from a $5 all-you-can-eat lunch special  
  • 29:12 – The $1.4M mistake John kicked himself over for YEARS  
  • 32:39 – How to overcome any investing mistake  
  • 35:06 – The biggest mistakes made in property & shares  
  • 37:43 – Why the pandemic was a golden opportunity for bargains  
  • 40:51 – John’s investing strategy: Macro vs. Counter Cyclical   
  • 43:05 – Why Flight Centre was a great investment!  
  • 44:51 – Most people should NOT be managing their own money   
  • 47:42 – Price falls: The difference between shops and shares  
  • 48:49 – Success too early is dangerous 
  • 50:10 – Valuation methods are the SAME across assets 
  • 53:55 – How did his leukemia diagnosis change his mindset and attitude toward money? 
  • 58:21 – How much money is enough? 
  • 1:00:50 – John Addis’ thesis for investing in just three steps  

And… 

  • 1:02:40 – Wow, so much wisdom in one episode!   
  • 1:06:16 – Lifehack: How to track a flight from a photograph of the flight numbers?!  
  • 1:08:26 – WMPN:  A new “super silly” homebuyer pitch from the Liberals… 

 

470 | What Money Means to YOU!

By in Podcast, Property Investment

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Folks, as the LAST episode for 2023 before we kick off our inspiring 2023/24 Summer Series, we’re focusing on a question that looks at the heart of what we do (and not just as a podcast but through our advisory business):  

What Does Money Mean to YOU!?  

To properly dig into this question, we’re unpacking the psyche of the investor through one of America’s greatest psychologists and combining it with data from THOUSANDS of respondents to explore…  

👉 The #2 biggest reasons that investors seek money (+ why they’re critical to our overall wellbeing)

👉 54 of the most common reasons people want to build their wealth

👉 How an individual’s financial freedom fits into Maslow’s Hierarchy of Needs

👉 How Time Wealth drastically improves your life

👉 The #1 thing that will ALWAYS lead to financial stress

👉 What does financial independence really look like?

👉 If you don’t know your cashflow, you risk… 

 Plus tons more gold! As rates and cost of living continue to rise, this super topical episode will help you remember – and solidify – your why. Listen in now!  

Free Stuff Mentioned

  • We’ve supercharged Moorr’s engine room! Check out the newest MyFinancial feature to help you track and manage those rising costs now >>  
  • See Maslow’s Hierarchy of Needs below
  • Check out Victoria’s reducing rental prices from Ben’s “What’s Making Property News” Segment below (Another CLASSIC example of what happens when investors are treated like second-half citizens 🙁)
     

Timestamps

  • 0:00 – What Money Means to YOU!  
  • 2:50 – We’ve added a new feature to Moorr’s financial engine room!  
  • 12:30 – Mindset Minute: Where are the Client’s Yachts? 
  • 17:03 – We use THIS planning exercise to understand success  
  • 20:31 – Maslow’s Hierarchy of Needs & the Top 10 Reasons We Hear!
  • 26:17 – Reason 1: S_c_ _it_ – Why does it matter?  
  • 31:31 – Reason 2: F_ _ed_m  
  • 37:55 – You will ALWAYS be stressed if you do this… 
  • 39:18 – Safety Nets, Opportunities & Options!  
  • 43:24 – The complete compilation of reasons what investors want from money!  
  • 45:12 – A trusted advisor should actually be pulling you up on these things… 
  • 48:51 – If you don’t know your cash flow, how will you know… 
  • 50:52 – What the data reflects about the investor’s mindset  
  • 54:08 – THIS is the best financial asset you can have  
  • 56:51 – These 2 reasons ranked surprisingly low😮  
  • 57:29 – Bryce & Ben were surprised by these findings!  
  • 1:01:24 – Summer Series starts NEXT WEEK!  

And… 

  • 1:03:18 – Lifehack: Why do some people succeed more? 
  • 1:07:57 – WMPN: Victoria’s rental numbers are going backwards…  

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