Apr 09 2024 74 mins
Dave and John talk about how they learnt to understand the investing world to help their families secure their future. The goal is to free up time and reduce stress so that parents can be more present with their kids and enjoy the small moments! Links to all mentioned resources below!
Show runsheet:
- You’ve got control over your finances and have a surplus, now what?
- Assets vs liability - Assets bring money in, and liabilities cost you money
- Is your home a liability?
- Different asset types
- Investment properties, shares, business.
- Shares:
- What are they? - small pieces of businesses for you to own, which change in value (hopefully increase) and often pay dividends when the business is profitable
- What our investing philosophies are
- Dave: Property is the centerpiece and shares are on the fringe
- John: Shares are the centerpiece and entrepeneurship is on the fringe
- Pros and cons of property and shares
- List of resources:
- Equity Mates - Get started investing playlist - https://open.spotify.com/show/2ZzAxuxFmQ1U78pL3RMxns
- InvestED - value investing - https://open.spotify.com/show/0lsnMTJtjubPtXDiSOGpFr
- The Property Couch - https://open.spotify.com/show/09ofZB3Y6309Q88HZSzlop
- Aussie Firebug - https://open.spotify.com/show/0qtgsURJynMebHSQcFwqTt
- The Little Book that (still) beats the market - Joel Greenblatt - https://open.spotify.com/episode/3dKkfy3bnVysDN5GhsoSUx
- The Dhando Investor - Monish Phabrai - https://open.spotify.com/show/5P4AyV2R7BobWufalW6kl8
- Rule 1 Investing - Phil Town - https://open.spotify.com/show/00isQs80c5XvBAPd1sPLSD
- Money Smarts - Bryce Holdaway & Ben Kingsley - https://thepropertycouch.com.au/product/make-money-simple/
- The Armchair Guide to Property Investing - Bryce Holdaway & Ben Kingsley - https://www.thearmchairguide.com.au/order-form-528524771642987655481
DAD HACKS
- John: Go see a tax professional to help formulate tax effective ways to structure your finances - there are a lot of laws and strategies so use professionals to find your best outcome.
- Dave: Involve your kids in your exercise regime.
- Time poor
- Bike rides
- Runshow to
- Fun at the park