In this episode, Ryan and Terry discuss different strategies for spending your time, talent and money to capitalise on the opportunities that present as a result of COVID-19. Also, in this episode: Why 'self-care' meme's are dangerousThe simple litmus test that can explain your financial progressThe most important investment you can make right now (and why it's not money) How to zero in on the most lucrative opportunities that are hiding in plain sightWhat to do before throwing your money in the market while shares are cheapShow noteshttps://cashflodojo.com/budgetingforcovid-19/https://cashflodojo.com/5-books-that-will-help-you-make-good-career-decisions/Our website www.cashflodojo.comBook a call with us. https://calendly.com/cashflodojo/strategycallFollow our socialshttps://www.instagram.com/cashflodojo/https://www.facebook.com/Cashflodojo/

Passive Income Project

The ultimate guide to surviving the COVID-19 cash crunch (part 2)

Spending less doesn't have to mean deprivation. In this episode, Ryan and Terry chat with Gab Pappalardo. Gab has been a part of the program since day one and in this episode she talks about her transformation from 'material girl' to elite money manager and informed investor.Also in this episode:The moment Gab thought 'maybe this isn't for me' (and what caused her big backflip).How to find the balance between saving and investing for later and living in the now. How to spend $1500 in a night and feel zero guilt. How to use a 'project mentality' to work on different areas of your life.  The left field (non money) book recommendation that had the biggest impact on her journey. Show notes:https://cashflodojo.com/gab/

Gab Pappalardo | How to spend less and live more

#15: Financial independence requires a level of confidence. But sometimes we can get stuck in indecision not wanting to make a mistake. In this episode Ryan and Terry discuss why we need frameworks for financial decisions and Terry walks through a live example from Ryan's life. These fourteen questions will help you sidestep indecision and avoid the predictable mistakes we make when making big money moves. Also in this episode:How decision making is correlated to goal achievement.The surprising reason why pros avoid using 'intuition' for high stakes decisions.How to use an idea from the scientific method to avoid misjudging your decisions and needlessly changing your approach.How to uncover the arena's in which you can manage and mitigate risk before you pull the trigger.How to 'play the odds' using expected utility to improve your decision making. How to 'read the play' and see two and three moves ahead to anticipate outcomes before you decide. The simple question that creates conviction and empowers you to execute a decision in the face of irreducible uncertainty.Why setting a review date protects you from yourself and others. Show notes:https://cashflodojo.com/14-questions/FREE Training:https://cashflodojo.com/howmoneyworks/

These 14 Questions will help you avoid making big money mistakes (and stack the odds in favour of your success)

In this episode, Ryan and Terry walk through a simple, three-step approach to picking financial products in the publicly traded markets to build passive income and wealth over time. Also in this episode. When you should forget about investing and what to focus on instead. Why owning your investing decisions (not outsourcing them) improves your odds of long term success. How mall shopping can help you understand financial product picking.  The three core decisions you'll need to make (and how to think about each). The resources, tools that can save you time and improve your decisions. Show notes:https://cashflodojo.com/how-to-pick-financial-products/FREE TRAINING: How money workshttps://cashflodojo.com/howmoneyworks/

How to pick financial products (and avoid analysis paralysis)

In this episode, Ryan and Terry delve into the history of humanity to answer some commonly held questions about the stock market. What is it really? How does it work? and is it really a risky place to put your money? Also in this episode:What the stock market has in common with 'gluten' Why human endeavour is the stock market and the stock market is human endeavor.  The birth of passive income and income investing. A simple intuitive definition that explains the form and function of the stock market. The two types of people that use the stock market and the two different things each uses it for. The difference between 'stock picking' and investing. Show noteshttps://cashflodojo.com/how-the-share-market-works/FREE traininghttps://cashflodojo.com/howmoneyworks/

How the share market works

In this episode, Terry chats with the Aussie Firebug: a cult figure in the Australian FIRE community. Matt recounts his journey and lessons in chasing financial independence and what it's like to be within arms reach at just thirty. Also in this episode:Matt's biggest influences and the book he recommends to understand the stock market. What retirement means to Matt and what he'll do with his time when he gets there The most important thing most people miss when it comes to financial independence The hidden cost of focusing on the wrong things for financial independenceWhat was behind Matt's shift from property to shares as a vehicle for financial independence. The two biggest decisions Matt was able to make because of his financial position (that otherwise would not have been possible)What it feels like to know that money worries won't impact his life or relationships.  Show notes 

Aussie Firebug | How to Fast Track Financial Independence (without living like a hermit)

The financial impact of COVID-19 has been significant and stressful. In this episode, Ryan and Terry offer some practical tools and tips for stretching your dollar further and building your financial defence as we enter what looks to be a global recession. Also in this episode:The shocking sum of money that dipping into your super could ultimately cost you. Why fixing your mortgage is a bad idea if you can afford not to. The four one time actions that will help you save without any extra effort on your part. Our 60minute budgeting challenge and tools that will help you rapidly build a cash cushion for what's coming. Episode show notes (with all links) - https://cashflodojo.com/budgetingforcovid-19/Cashflo crunch - https://cashflodojo.com/cashflocrunch/

The ultimate guide to surviving the COVID-19 cash crunch (part 1)

In the final episode of their first season, Ryan and Terry talk action. They discuss what drives the internal resistance that keeps us scared and stuck, and how to tackle the money monster one step at a time. Here's what you'll learn:The difference between gathering information and gaining knowledge. The two seductive stories that cripple us financially.  The three beliefs at the heart of our financial apathy. The ultimate cost of indecision (and why it's so easy to ignore). A simple 5 step process for slaying the money monster using the secrets of a Stanford behaviour scientist. If you tend to sit on the sidelines and drag your heels with money decisions, this episode will help you get into the game and start making moves with your money. Episode links:Action Worksheet (download) Book a chat with us to ask a question

S1 E10: How to stop spinning your wheels and start taking action to improve your money life

In this episode, Ryan and Terry discuss the number one rule of wealth creation, and why most people unwittingly ignore it at their peril. Also in this episode:What the pass your hat around ritual has to do with insuranceWhy taking out insurance is one of the noblest things you can doThe four core components of any wealth protection portfolioThe crazy inconsistency that puts most of us at huge financial risk Why using brokers can be your best friends, and sometimes your worst advisers when it comes to insurance (and how to avoid being duped) The two biggest mistakes those who already have 'cover' tend to makeFacebook pageInstagramWebsite

S1 E9: How to avoid financial catastrophe

In their most ambitious episode yet, Ryan and Terry lift the lid on some of the most valuable mental models used by top money managers and successful investors. You'll discover the four fundamental concepts every investor should understand to avoid big money mistakes. You'll also learn why some of the 'safest' places to put your money might actually be the riskiest, and how the 'riskiest' might just be the safest. If you know enough to know that you need to be investing but have been concerned you don't know enough to make an informed decision, this episode is for you. 

S1 E8: how to invest intelligently (part 2)

In the third instalment of the escape plan series, Ryan and Terry demystify investing. The discussion is centred around breaking down and through the big barriers that get in the way of learning and doing. Also in this episode: The biggest misconceptions and myths that surround investing and 'investors'. The crucial difference between investing and speculating. The three precious resources you have to invest (and how to think about investing them)The hierarchy of how to invest your money - and where you'll always get the best return. Why we fear investing (and who is responsible). The true cost of sitting on the sidelines.If you've been sitting on a stack of cash and worried about making a big mistake with your money, start here and look out for part two of this instalment.

S1 E7: How to invest intelligently (part 1)

In the second instalment of the escape plan series, Ryan and Terry delve into what makes the difference between savers and spenders. Along the way, they explore the reasons why saving seems to be harder than ever and the false dichotomy inside our mind that stops us from even trying. Terry explains why the way you spend is the most important determinant of saving, and what you can do to flip the script and change the game. Also in this episode:The anatomy of an impulse purchase, and the one crucial strategy for breaking the cycle. What empathy has to do with saving and investing. The little known law of behavioural economics that can be leveraged to make you more resourceful and minimise mindless spending. How to spend and get what you want in a way that makes saving more rewarding. The one lifestyle item you must prioritise for liberal spending if you are to succeed at sustainable saving (and a simple tool to discover what it is)Two universal principles all successful savers apply relentlessly and the specific systems and structures that must exist to support them. If you've tried and failed to save successfully in the past, this episode can explain why. If you've set an intention to get better with managing your money, this episode will help you figure out what you need to do and how to do it. 

S1 E6: How to Supercharge your Savings

In their meatiest episode yet, Ryan and Terry discuss the real reasons some seem to have a knack for earning more than others and what you can learn from them. Here's what you'll discover:How income is linked to impact, and what your pay has to do with problem-solving. A simple 2 part equation that explains why most people never earn what they could or should (and what to do about it)The formula that shows you how to find and exploit the most profitable opportunities for earning more income. Three universal principles that will help you leverage the science of serendipity and consciously create your own 'luck'. If you've been searching for strategies to boost your savings so that you can speed up your escape from the rat race, you need to listen to this podcast. 

S1 E5 How to maximise your earning potential

In this episode, Ryan and Terry discuss the four timeless pillars of personal finance that combine to form an unbeatable financial game plan. If you've been wondering how all the puzzle pieces fit together, and why you might not be where you want to be, this useful framework will create clarity, simplicity, and momentum in your money life.

S1 E4 How To Escape The Rat Race By Mastering 4 Core Money Moves

In this episode, Ryan and Terry delve into the reason why 'money doesn't buy you happiness' is wrong, the two different types of happiness, and how following four simple rules can help you use money to not just get rich, but also build a rich life. If you've ever felt like your ideas about money might be working against what you want, you need to listen to this episode.

S1 E3: How to Use Money to Live a Rich Life

Two young Aussies discuss their journey and lessons in personal finance, investing and career success.

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The ultimate guide to surviving the COVID-19 cash crunch (pa...

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