Finance & Fury Podcast

Welcome to Finance and Fury, today’s episode is a flow on from last Monday’s Investment philosophy episode and narrow down into an Investment Strategy. To invest properly, your investment beliefs need to expand into a strategy, an implementation plan. So Today: Expand on building an investment strategy from the investment philosophy – check out the worksheet Look at goals and timeframes The types of investments you will use How much additional risk you can take on Next Week: Investment plans and specifics of putting the strategy in place Implementation of said plan The workbook will be available What to actually do? And what habits you will make a part of your life? Workbook for this: Spent time putting together a work book for listeners Questions to hep run through this exercise Includes a checklist Investment strategy: Summary of what you will do Behaviours that are necessary Based off of the investment philosophy Making it into an actionable plan How to come up with it? Be honest and ask yourself

  Welcome to Finance and Fury, the Furious Friday edition. This is part 3 in the poverty miniseries, which is alongside the supply side economics flow on. The first episode was supply and poverty. The second episode was the big 5 factors of poverty. Today we will put it all together to derive a system that can reduce overall poverty. This system: will it be perfect? Just look at Utopia “misplaced faith in political utopias has led to ruin” All systems have flaws Having less freedom leads to more poverty Could technically lead to more poverty, if it’s by choice The system has to be 2 parts: What system works best to reduce the big 5 factors: reduce diseases, increase knowledge, reduce apathy, reduce authoritarianism and build resilience rather than dependence. What provides individuals freedoms? Disease: Death from chronic disorders in the first world Death by horrible diseases in the third world like respiratory infections, diarrheal diseases etc The necessities: clean water, electricity, food, and educa

Welcome to Finance & Fury’s, ‘Say What Wednesday’, where each week we answer questions from you all. This week our question comes from Tara;   “Hi Louis, what do you think are some financial considerations when it comes to a relationship? - Should you have a prenuptial agreement? - Shared bank accounts - If you are looking to start a business together, what will happen if you break up? And what are the laws in Australia in regards to this?”   Thanks Tara, that’s an awesome question because it’s really important to think about, for anyone entering into a relationship. There’s the obvious factor; being on the same page as your partner financially is sometimes easier said than done. I’ll do a future episode to cover off on this and include strategies to work on together financially to ensure you’re on the same page. But today, let’s look at the legal / protection side. By the way, this comes with a big disclaimer – I’m not a lawyer! This is not legal advice, just general discussion around what constitute

Welcome to Finance and Fury Today we are going to talk about how to implement an investment philosophy. It is a coherent way of thinking how you fit into your investment plan. It is a mission statement to follow when investing. It can help with understanding the types of investments you should be making, and avoid mistakes that influence your investment behaviour. What is it: Core beliefs for your investment strategy Investment philosophy vs investment strategy Why is it important? Think about your investment strategy as your purpose A philosophy outlines a purpose and helps you stick to it Benefit from long term investing Avoids making rushed decisions How to make an Investment Philosophy: How do you learn? What do you know about investments? What else do you need to know? What are active and passive investment styles? How capable are you to do it yourself? How much time do you have? Is there value with outsourcing it, and gaining a comparative advantage? What are your goals? Why are you investing? Wha

Welcome to Finance and Fury, the Furious Friday edition This episode is a flow on from the previous furious Friday episode question from Nick, about poverty. Last episode we talked about how poverty is defined and the economic factors of poverty, which play only a part. Today we will cover off on the major contributors of poverty. There will be a third part for answering the question about the types of government systems. Poverty is a social problem: Poverty as a lack of resources, so poverty at an individual rate We didn’t address the social problem of poverty, communities, under-employment, lack of skills etc. Social problems are secondary factors Dr. Phil Bartle: Spent time living with poor communities Dedicated his life to the development Much of our aid contributed to poverty Empowerment methodology – struggle produces strength and ability The solution is the removal of the big 5 factors No moral judgment is intended The Big 5 factors: Lack of knowledge – people keep knowledge to themselves and a l

Welcome to Finance & Fury, the ‘Say What Wednesday’ edition where every week we answer questions from you guys.   Today’s question is from John;   “Thanks for the podcast and the content you provide. I thought a useful podcast topic could be the legislative changes Labour are proposing if they win the next election. Such as changes to franking credits, negative gearing and taxation of family trusts. I thought this could be an interesting topic considering these changes will possibly affect a lot of your listeners, especially small business owners who are operating as a trust etc - John”   Thanks John, that’s a good question, and great timing with the election between 33 days from now (if called on the day listening – min time rules) and May 2019 To start, here is a quick list of the policy changes, not including the bigger ones everyone is talking about; CGT Discount: Going from 50% to 25% (on new investments after 1/7/17). This applies to business as well. Superannuation: SG increase to 12% On one han

Welcome to Finance and Fury Today’s episode is with Jayden and we will be talking about why property might not work for you, or when you shouldn’t buy property. We have talked about using property to build long term wealth using leverage. However, there are some reasons why you should not buy property. The 4 reasons: Getting rich quick Financial literacy Tax reasons Your personal finances Getting rich quick: Property is a long term game, 20 – 30 year journey Jumping at an opportunity due to the fear of missing out Don’t let your emotions ruin your investment plans Trying to time the markets Stats show this isn’t a good way Financial literacy: You need to learn how property works Not understanding your finances – just the basics You need to know some stuff to get through property investing The difference between lifestyle assets and investment assets Experience really helps Doing it for tax reasons: Using negative gearing Buying a property for depreciation and claiming deductions Property should be for

Welcome to Finance and Fury, the Furious Friday edition. This week is a flow on from last week’s episode talking about the basics of supply-side economics. But, it’s going to be applied to a question we got from Nick. What is a solution for society that would eliminate all the poverty that exists? This will be broken up into 2 episodes in total. The second part being which political party that seems to be on the right track to achieving this. Poverty: It’s an extremely deep topic to discuss We must look at the statistics and the root causes Humanity was born into poverty, so how did humanity get out of it? How long ago was everyone in extreme poverty? What is the quality of life? What are the standards of living? How is extreme poverty defined? What does history tell us about how many people in extreme poverty changes over time?   The poverty line: We don’t really have extreme poverty in Australia What about people who receive a pension or government assistance? What is the Australian relative poverty rate

Welcome to Finance & Fury, the ‘Say What Wednesday’ edition. This week’s question comes from Gab; “Hi Louis, I was looking at different asset classes and how someone could get exposure to them (outside superannuation) and got stuck on "fixed income". If I understand this asset class correctly, if you hold to maturity you get all the capital back. But if you buy ETFs or managed funds you lose this benefit (as you basically just get exposure to the secondary market). Also, I thought the fees were ridiculous, especially with active managers charging 0.5%, when the long-term return is 5-6%. What are your thoughts on this? Thanks, Gab (keep up the good work!)" Hi Gab, Great question!   Today we’ll focus on explaining Fixed Interest in straightforward terms; What are Bonds, why do they exist, and how do they work? Price, ‘Face Value’ and coupon rate Buying and selling bonds The effects of interest rates on the value of bonds Bond managers – Managed funds or ETFs The role of Bond Managers Costs compared to ret

Hello everyone, and Welcome to Finance and Fury. The last episode was about finding the right job, from your purpose in life.  In today’s episode, we will be looking at investing in a business, by creating one. To start: There is lots of work in planning and having an action plan when you create a business If you think what you plan to provide is better than what is out there, do it First step: It is an investment, there is risk and reward Running a business is beyond financial Become very emotionally invested in the business Risk/reward: – invest for the best return Fulfillment + financial gain + time gained Fulfillment, what do you care about and enjoy doing? Financial gain, what are you great at? Don’t start one just because of financial gain, might as well earn a salary Recap: what you care about/enjoy = industry, what you are great at = product or service Finding something: What is a problem that you can solve? Who does it provide value to? People often don’t buy something with little value to the

Hey all, and Welcome to Finance and Fury, the Furious Friday edition. Have you ever heard of trickle-down economics? As you know, Friday episodes are here to clear up any misconceptions about economics and politics, and this is the biggest one when it comes to conservative side economics. Today’s episode covers: What is trickle-down economics? How does it work? Who does it benefit? What is the misconception? When and Where did trickle down economics start? How does wealth get produced? What are some common examples of trickle-down economics? What is supply-side economics? How do you solve unlimited wants with finite resources? How can you demand anything if there is no supply? What does supply-side economics say? What is better to have? And what improves our living standards? The benefits of supply-side economics: What are the benefits of supply-side economics? What are the aims and objectives? How is wealth different today compared to a caveman? Today, it’s those who innovate that do the best Compare rece

Welcome to Finance & Fury, the ‘Say What Wednesday’ edition, where every week we tackle questions from you guys. This week the question comes from Jason; “My question is about investing with an Environmental, Social and Governance (ESG) / Ethical investment focus. Given their increasing popularity, do these types of investments have the potential to make the world a better place? Historically how have ESG/ethical investments performed in Australia relative to the market and what factors should be considered before investing in this space?”   Today we discuss; What are Ethical Investments, and how do they work? Inclusionary v exclusionary managed funds; what types of companies are excluded when making their investment decisions, and what types of companies are included? The difference between ‘Supporting’ and ‘Forcing’ when it comes to the way managed funds impact the underlying investment companies’ practices and what this might mean for you as an investor. What to consider when buying these types of i

Hi Guys, and Welcome to Finance and Fury. Today we continue to talk about investing in yourself. Think about investing in anything, you’re doing something with the aim of gaining something out of it. This is why we went through the purpose and vision statement in the last episode.   How to invest in yourself? And, how can you love your current job more? My experience: What did I start out with? How did I find what I enjoyed? How to learn on the job? How to narrow down what you care about? How to design your ideal career? What is reasonable when planning your future? Don’t confuse a job with a career.  Your career: What can you do to get more out of your job? Treat your education as an investment in human capital Using upward mobility factors Making yourself more valuable to employers Do you need to go back to university to improve your income potential? Have you considered informal education pathways? The more you learn the more you can earn Looking to change career? Thinking and knowing are different th

Welcome Finance and Fury the Furious Friday edition, and welcome to part 2 of Talking about the risks and the future of our economy In the last episode, we covered the future of our economy In this episode, we will explore economic subversion and internal reliance (threats from inside and out) The major points addressed are: What is subversion? Why is this done? Who can we learn more from? Who is Yuri Bezmenov? What is demoralization? Why does it take so long? What does the process involved? How is the media involved? What is ideological brainwashing? What is cognitive dissonance? How has good and evil been redefined as rich and poor? What level of wealth is seen as immoral? Is tax an effective behaviour changing factor? How does this affect children? How do they learn to consider other people’s needs? How do we nurture resilience? What issues does the destabilisation of institutions create? What takes away the initiative and responsibility of individuals? What do unqualified politicians do for the governmen

Hi Everyone, and Welcome to Finance and Fury, the Say What Wednesday edition. Today we have a question from Daniel: The question is around cryptocurrency; Daniel has come across a fascinating crypto called Liven. The business model seems really sound, with the consumer being rewarded (in liven coins) for dining are participating restaurants. I wanted to get your thoughts on this. I pretty much agree with Daniel on cryptocurrency, I don’t see it as a long term investment. In today’s episode we address: Cryptocurrency and what changes the price? What is the future of prices for crypto? What is Liven? Who are the users and market participants? How does it work? What are the risks for individuals? What are the risks for businesses? Why don’t governments like cryptocurrency? What are the main problems for Liven? Thanks for listening to today’s episode, and thank you, Daniel, for the question. If you have any questions or want to get in touch, you can do so at our contact page here. Resources: White Paper: https

Welcome to Finance and Fury! Today’s episode we continue our miniseries which looks at the best places to invest in 2019… Turns out, one of the best places to invest in 2019 might actually be in, Yourself. Today’s episode is the first building block for the next two episodes where we will cover off on the two routes of building wealth throughout your life; your career and starting your own business/side hustle Either way, it all starts the same. And this is what we will be covering today; what you need to do in your own life to work out whether starting a business or developing your career is the best thing to do. It all comes back to what your purpose is and what your personal goals look like. It’s not just about making money, but also about being happy along the way. Today’s episode will actually be somewhat of a summary of a previously archived “Steps to Success” episode. We talk about the importance of accepting responsibility, finding your purpose, building the vision of your life and then making it happ

Hi Guys, and Welcome to Finance and Fury, the Furious Friday edition. Today we are discussing the future of our economy. What is the future of the Australian Economy? Welcome Today’s episode is on the future of the Australian economy. In today’s episode we will cover a multitude of questions: What is the big deal? Firstly, What is the economy? Why is it so important? What would we do without it? Also, What are some issues with the Australian economy currently? How strong is the Australian economy? What makes it tick? Where do we sit in comparison to the world? What is currently going on? What the government is doing to fix the housing markets? What happened to the manufacturing sector? What are the warning signs of the underlying issues? What does regulation do? What are the future implications from current regulations? What does regulation do to Australia’s economic future? What will the outcomes be? And finally, What can you do to look after yourself? Along the way, we explore all the in’s and out’s o

Welcome to Finance & Fury’s Say What Wednesday Today’s question is from Lucas, “Hey guess, just wondering if you think that flipping houses is a good strategy? Can you really make a living flipping houses?” Good question! Flipping houses has become very popular but it’s not as easy as you think.   The Theory Find a ‘fixer up’ property at a low price Renovate it. Spend some money bringing it up to higher standard. There are people who run courses on this – you spend $1 and it should increase the value of the property by $1 Sell it for a profit – Like magic! Sounds good right?   Finding the property   It’s the same process for any property purchase (researching, etc): Research property Values, growth history, what work needs to be done on the property? Your situation Cap your price – Know how much you can afford Budget – do you have surplus cash in case renovations go over budget? Is it worth it? Look at potential gains – Minus costs in and out, along with interest, stamp duty, agent fees, lega

Hi Guys, and Welcome to Finance and Fury. Today I have Jayden with me for part 2 in the Mini-Series on the best investments for 2019 Last Monday we went through Shares, and whether it is a good idea to invest in 2019. Today we will look at investing in property in 2019 On today’s agenda we have: Firstly, what constitutes a bubble, based around historical price rises and income ratios? Also, if you can’t afford a property, how do you access property this year? And then, if you can afford a property, where do you go to invest? And finally, what is going to cause the property market to go up this year? And what’s going to cause it to go down? Along the way we guide you through the options of what you could be doing within property. In conclusion, property is a long term game. There is plenty of opportunity if you know where to look.   If you would like to ask a question or get in touch you can reach out through the contact page here. Charts and tables discussed today: The State of Property around the world: Y

Hi Guys and welcome to Finance and Fury the Furious Friday edition. This is part 7, the last episode of the miniseries about all things politics. Sorry it took a while to cover, I wanted to do this topic justice and explain all the steps and outcomes instead of jumping to conclusions. We have covered a lot, there are many bits of the puzzle. Who, what, how, why, and potential outcomes – We have been through the Fabians, the political spectrum and democracy, then how a population is organised (Rules For Radicals), the fair go, then political progress for equality, then how the west got to be in such a good position, and how we may lose it. If you made it all the way through, awesome work. Thanks for listening to me rant on this Final part: What should the government be involved in? What services should they be involved in? To start: Have a quick real-world example to look at US Government Shutdown: It’s been almost a month, shutdown since 22/12/18. It’s the longest in US history, everyone has called i