Finance & Fury Podcast

Welcome to ‘Say What Wednesdays’, this ‘Say What Wednesday’ is brought to you by Adam and Tate, they both asked separate questions about the Franking credit issues and just to help clarify around that because Labor's announced some proposed changes to the Individuals Wealth Policies, one of them includes a thing called, Changes to Franking Credits.   This system for Franking credits was set up so individuals weren't taxed twice on any dividends that they received from companies that they owned. The other individual polices that Labor have introduced, or want to introduce, are to lower the income threshold for superannuation tax rates for contributions so, they want - if you're earning greater than $200,000 you are going to have to pay 30% on contributions to Super. They want to limit 0.5% increase to the Medicare levy for people earning over $87,000, lifting the top marginal tax rates by 2%, scrapping the first homeowners super savings scheme, restricting negative gearing for properties, halving capital gains

Hey guys, and welcome to Finance and Fury. Today the misunderstanding we're going to be tackling is how to be wealthy. There seems to be a lot of “rich-hating” going on around at the moment, but why? I think it's just a lot of not understanding how people actually got to be wealthy in the first place. So, today I want to treat wealth, or building it, just like a game. Because most games are pretty fun to play, and it's all about just following the basic rules of games to actually win in the end. And generally depending on the game, it's who's accumulated the most by the end. And we’ll be running through the best ways to win a game - whether it's actually through competition with others or cooperation with others. Because there's a lot of misconceptions around how the economy actually works, how building wealth works, and why the wealthy are actually wealthy, and whether they've competed to get there ie just taken everything from you, hence why, you know, there’s all the hate directed, or if they're just coope

Welcome to the first episode of Finance and Fury and today we're going to be setting the scene for the rest of the podcast. The whole podcast is about helping to solve misunderstandings… and one really big one is actually how to get what you want financially! So, today we'll be running through two underlying factors that you can actually use to get what you want financially and to do so, we'll actually be talking about a few hot or explosive topics, so as a bit of a warning if you are offended by sensitive things this might not be the right episode. But it's not meant to be offensive in any way, it's purely helping to provide some illustration on a few factors behind what actually causes a bit of a disparity and financial pay and a few other things. And the most important thing is actually going to be covering through what they really mean for you and how to use them, because fortunately these same underlying factors can be really applied or harnessed by anyone when they know how. So, to take us into it, Mr.

Hey guys! Welcome to the wrap up party for this little intro series Well done if you’ve made it to this point listening. I know a lot of it could have come across pretty confusing …and don’t worry I was quite confused myself by this point. So, I decided to do a bit of a summary on everything that’s covered; all of the problems that we covered and talked about, and then also the potential solutions that we hope to be able to provide. The first one we went through was, where are you aiming, and why? There’s a bit of a problem if you’re not quite sure what you want to aim at. And, without an aim, it’s hard to actually put a value to it, to not only put in place a strategy to get you there, but measure progress as well, and help provide some positive motivation along the way. You can constantly tick off little achievements say, every month, of reaching that target (because you’ve got a figure on it) and you know how much you’ve got to do to achieve it. It’ll actually help provide some forward momentum towards the

What do you normally think about before you go anywhere? Anyone who has ever left the house before has probably had to think about something before taking a step out the front door. Anyone who hasn’t, this analogy won’t really apply to you but for those of us who have, what was the last thing you thought before going to the shops? Probably fairly common - you need to do a list of what you’re going to buy. And sometimes it’s a spontaneous trip of just going to get one item. Thankfully, for this a lot of habit and routines kick in to take over the duty of actually getting to the shops, because it is a relative common occurrence. But say you have to drive to your relative’s house and they live around 8 hours away. It’s probably going to take bit more planning than just popping down to the shops or even driving to and from work every day. But generally, an 8-hour drive in the modern age (with cars) you’ll not need to put too much planning in to it. Say for instance you’re 15 minutes down the road after you leave

To start off, do you think that having a map to financial independence would be the ideal solution? Compared to a puzzle it actually would be far better than trying to pieces together something, if you could just have a map to take you to where you needed to go. We’ve all used maps before. We’ve probably even used those old maps that are a few hundred pages long and you’ve to look up “G3 to E6” and compared that to the iPhone today where you’ve got a GPS – all you need to do is jump on the phone as long as you know the address, enter that in, and you can get there fairly easily And even if you’re in a car that has blue tooth the car will talk to you and tell you where you need to go But unfortunately, that still runs into a few issues - the phone not have updated with the new internet location, it tells you to go down the wrong street or even a street that’s a dead end or a no right turn that you have to make... so eventually you have to pull over, stop, and figure out where you need to get to from where you

Welcome to the 3rd part of the intro series for Finance and Fury Today let’s start with a bit of time travel.   Picture 1500’s, London. All the guys have hipster like facial hair, accessories, the big beards, the little curly moustaches (wearing some frills instead though, maybe that’s going to be the new trend?). And women were wearing those big wire frame silhouetted dresses, trying to make their butts look bigger rather than getting implants. Times they looked very, very different but people were still doing similar things. If you really want to picture it, just think of Shakespearean times. It was around this time where modern English was starting to take form. Imagine that you’re actually now back in those times when Shakespeare is having his plays put on at The Globe Theatre. I’m sure most people have read a bit of Shakespeare or heard some of those sentences and words that are actually in there. And while it’s pretty hard to interpret the meaning of what’s actually being said we know that the words are

Welcome to Part 2 of this intro series to Finance & Fury. Today I wanted to start this episode off with getting you to imaging you’ve hit the lotto jackpot! Say for instance, you’ve got a guaranteed million dollars per annum in future income, perhaps it’s one of those “Get rich for life” programs where for every year of the rest of your life you’re guaranteed to get a million dollars. So, what are you doing? Where are you? And how are you living your life? This might be pretty hard to think about for some (or, actually pretty easy for others) and it just depends on much time you’ve actually spent thinking about it before. If you had unlimited financial resources how would you spend your time? and what would you do? and would all your problems be solved? More importantly how much would you actually be spending? If you were getting a million dollars a year, would you just spend that million dollars per year, or would you have a different expense requirement in mind to just do what you want to do? And this i

Welcome to the first part of this intro series to “Finance and Fury”. This series is brought to you by THINKING, as thinking is where this all started! Thinking about the easiest solutions to reaching financial independence.  And, in doing so, helping to give you greater value in the time you spend listening to us. But trying to solve a problem where we would need a lot information and different perspectives to actually get to the root cause, we needed to start asking listeners and people that we deal with day to day what are the common set of problems that they face are. Because if there’s a common set that everyone has, then that would be a pretty easy thing to focus on first to try to solve.   But like most people, most of their goals and the problems they faced to meet these were all different, and not only that, they had different ones over different time periods. One thing though that they had in common was being frustrated that these were all still problems. So, frustration seemed like a pretty good pl

Were back! Sorry for keeping you waiting for quite some time, but our absence hasn’t been wasted. As you can probably tell the podcast looks a little different, but don’t worry, you’re not lost. To help avoid any further confusion this is a quick announcement introducing “Finance and Fury”, and also the reasons why for the change and the rebrand. We started the Rentvesting podcast with one purpose in mind, to help you become financially independent. Our goal was to do this through helping educate on property and investing, plus making smarter financial decisions to achieve your OWN financial independence… rather than following the masses. However, we reached a point where we felt there was actually little additional value that we could provide with education on “rentvesting” as our sole focus. Plus, there’s no shortage of property or investment education online. So, while we felt that while we were meeting our goal of educating, would this actually help you achieve your goal of financial independence? While w

Today we will discuss three things that have really helped me in my life, so I wanted to share these with you. They are three daily practices which help me to reduce stress, increase concentration and my general health as well. Meditation   I started meditating about 2 years ago. At first, I was really sceptical. I always had in my head that this was something monks did under a tree, until I started trying it. Now I think of it as a bit of quiet time with some massive benefits being both mental and physical, as follows: Reduces stress – Time to switch off. All phones, computers, emails, all switched off. Studies have shown an improved ability to regulate the emotions in the brain from meditating, helping to reduce the levels of stress. Improved concentration - Meditation has been linked to a number of things that lead to increased ability to focus and improves memory. Greater concentration is related to the increased energy meditation provides to the prefrontal cortex which also helps impulse controls. Incre

There is a quote by the Roman Politician, Cicero. "What then is freedom? The power to live as one wishes." In this episode, we will discuss how to gain freedom through financial independence. As Cicero said, what is freedom if not to live your life the way you want? This means not being beholden to a job, being able to travel, live where you want and go after what you want. So, what does it take to achieve financial freedom? It is really simple, having enough passive income to pay for your expenses. If you have investments which can pay a passive income to cover your expenses, then your only reason to work is because you enjoy it. This is where money can buy happiness through doing what we enjoy and is meaningful. If you want to have financial freedom, you need to decide what this looks like for you and plan on how to achieve this! This can be broken down in to six steps to work through and then implement: Determine what income you need to cover your costs. How you generate a passive income? Reverse engineer

The saying goes that ‘Money can’t buy happiness’ – I’m sure you have all heard this. Well it has been proven to be kind of right, and kind of wrong. The studies around this have shown once you have a certain level of income (around $75,000 per annum), the returns of happiness decrease significantly for any additional income that you earn. Once you can pay your bills, not worry about money and use money to convert into experiences, then you are set, right? Well, why is ‘affluenza’ a thing?   This is what we will be looking at today through the sources of happiness and some ways to boost your happiness. There is a general consensus that there are three primary sources to happiness, as follows: 50% baseline genetics - Since happiness is an emotional state dictated by specific neurons in the brain, it follows that happiness would be a heritable, genetically-regulated trait. This can be referred to as 'the cortical lottery'. 10% Life circumstances – How much money you make, social standing, where you live. 40% In

Hacking your brain to become more productive, or to stop bad behaviours doesn't require a computer chip! Instead it can be done through implementing good habits, or rewiring bad ones. What are habits? Habits are your brain’s own internal productivity drivers. Your brain has a lot to do each day between controlling your bodily functions and actions along with your though process. Thankfully, it is constantly striving to become more efficient in doing this through transforming as many tasks or behaviours as possible into habits. This allows you to do things without thinking, freeing up more brainpower to tackle new challenges. If you are like 98% of people, your habits each morning will remain relatively unchanged. These habits may be to wake up, have a coffee, shower, have breakfast and go to work all without thinking. In doing all of this without thinking your brain has conserved resources to put towards your daily activities. While this mechanism allows us to become more efficient, it occasionally works aga

It can be hard to get effective work completed, and stick to the GSD model thanks to a little thing called 'procrastination'. This episode is to give you a guide behind the science on why we procrastinate and to share proven ways to beat it! Procrastinating is a part of humans and creeps into our lives without really consciously thinking about it. One of the worst parts about procrastinating is that we justify this behaviour as well using some very clever tricks: Avoidance and distractions – Looking for other tasks to do instead of taking action on what we need to. Blaming – We external events as the cause of why we delayed in doing a task. Denial – We can tell ourselves that what we are doing is more important now, or that we will do what we need to do tomorrow. Comparisons – Other people haven’t gotten round to do this, so why should we? Sadly, while these may make us feel better in the short term, all that they do is delay the inevitable pain we will feel. What is procrastination? Procrastination has bee

To be successful in any part of life, you need to learn how to control your time, not just manage it. This is what this episode will focus on, or put bluntly, it’s about Getting Shit Done! You can GSD by being able to control your time and reduce procrastinating (which is the next step). When it comes to controlling your time you need to implement habits to work smarter, not harder. It is about what you get done, not how long you spend doing it. The reason this is important is that time is limited. Whether you are a CEO or retired, we each have 24 hours a day. So how do some people seem to get so much done working with the same time constraints? They do this by creating and controlling time. When I first heard this it took me a while to fully comprehend. How do you create time? Easily, you can either free up tasks or get through them quicker, however focus is the key. Tim Ferris has his 4-hour work week through unlocking potential to achieve as much in a few hours as what it takes others a week to do. I belie

Achieve your goals and overcome the fear of failure! To do anything new can be scary due to the unknown. Our brains paint a dramatic picture of possible outcomes and we psych ourselves out from ever pursuing these goals. This mental picture can create anxiety due to the fear of failing so we remain in our comfort zones and never try. This type of fear is something that effects a lot of people, I know I used to be one. When I first started working in financial services even calling a superannuation fund to get clients information caused a bit of anxiety in me, god forbid calling a client to discuss their personal situation. Over time I learnt how to get rid of fear and with it, the fear of failing.   The irony of this situation is that you are guaranteed to fail if fear stops you from ever trying! This in conjunction with procrastinating (which we will cover later) are the biggest causes of not reaching your goals. What is fear? Fear is a vital response to physical and emotional danger. This response has led u

Welcome episode 5 in the steps to success series! This week we chat about the ‘building blocks’ of your vision, which are goals. You might really like doing goals, or you may hate doing them, either way most soon end up on a piece of paper in a draw which we find when we move houses. New Year Eve goals are typically treated in the same way. We say we want to lose weight, start saving or investing, generally anything we can think of to better ourselves. The trouble is that these aren’t really goals, they are just good ideas. Also, arbitrary goals that don’t align up to our vision typically fail to be achieved as where is the motivation to keep going at the first sign of resistance. This is why having your vision and knowing what you want is so important. You can’t achieve something if you don’t know what it is. As soon as you know what you want though, you can hone your inner GPS to get it. This is where goals come in, they will be your map or navigation system. For every vision that you have, you need to put

Having a purpose is the reason to get out of bed each day. Having a vision, allows you to complete a picture of your ideal life. When combined together, these will be the measure of what ‘success’ means to you! A vision is an ideal picture of how you want your life to look. It is what you want the future to hold for you. But you have to make it happen! Your vision should show you where you want to head and provide some motivation and focus to help achieve this. Life happens, there will always be setbacks but the best way of overcoming setbacks is keeping your long-term vision in mind and working towards this. To expand on this a little further, imagine that you are about to go on a road trip. You start your journey and have your destination in mind. There may be speedbumps along the road, maybe some potholes as well, but if you really want to reach your destination you will keep driving. So how do you build your vision? Last episode we did some lists to work out a purpose statement, this week it is no differe

Behaviours that kill your investments: Do you suffer from these? Sitting wondering where the year has gone and that you are no wealthier for it? Or what has happened with your financial goals of building wealth? It’s time to sit down, take 20 minutes and think about if you may be suffering from one of the following behaviours! This episode is on four behaviours that will destroy your ability to grow wealthy through investing. 1) Myopic risk aversion   Myopic risk aversion is one of the greatest behaviour traps that people repeatedly fall into leading to investment losses. While it is a fancy title, it simply means the fear of loss in the short term which occurs regardless of intelligence or skill level.  Loss aversion is completely rations, however it’s the myopic or in other words the short-term part which is irrational. There is a saying in the share market that the Bulls take the stairs and the Bears take the window. A Bull market is when the market is going up (like a bull bucking its horns) while a Bear