Get Rich Slow Club

Part two with Dave Gow from Strong Money Australia picks up where the numbers end. Plenty of people hit their FIRE number and then freeze: scared to pull the pin, unsure who they are without a job, quietly signing up for one more year. It's the problem that prompted Dave's second book, and this episode works through the fears one by one.
In this episode we'll discuss:
💸 The fears that stop people grabbing the freedom they built: identity, boredom, meaninglessness, what others will think, and whether the numbers will really hold
💸 One more year syndrome: why you won't be a braver person in 12 months, and how to find the fear actually driving the delay
💸 Untangling identity from a job title by diversifying your time the way you'd diversify your money
💸 How to test-drive retirement before you commit: take a week off, stay home, and watch what you gravitate towards
💸 Dave's first three months of doing deliberately nothing: fixing shift-worker sleep, walking, reading, and the surprise of feeling human again at 28
💸 How the blog was born: ikigai, finding the overlap between what you enjoy, what you're good at and what helps people, and deciding from a position of strength rather than for money
💸 Why turning a hobby into a money-maker can drain the joy out of it, and why not everything has to earn
💸 Tasting FIRE along the way: mini retirements, extra days off, semi-retirement as the goal, and Ana's working-holiday sabbatical that changed her whole trajectory
💸 Why "what if the market crashes?" is one of the most overblown retirement fears, and the buffers and flexibility that solve for almost every bad scenario
Dave's parting advice: reconnect with why you wanted financial independence in the first place. If you're kicking the can down the road, you've probably forgotten. Find Dave's articles, books and newsletter at strongmoneyaustralia.com

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@tashinvests
@anakresina
@getrichslowclub
@pearlerhq
Get Rich Slow Club
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How To Not Work Forever

Disclaimer Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.
Tash Invests Pty Ltd is a Corporate Authorised Representative #1317713 of Rask Licensing Pty Ltd. Read the FSG available from https://tashinvests.com/links
Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide
If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.
Hosted on Acast. See acast.com/privacy for more information.

The final part of the economics series tackles the question every investor asks eventually: can you actually time the market? Evan Lucas's answer starts one step back, with why the market isn't the economy in the first place, and ends somewhere more useful: the behavioural traps that catch investors at every point in the cycle, and the one thing you can actually control.
In this episode we'll discuss:
💸 Why the economy and the market are different things: individual companies chasing shareholder value can sidestep the economic cycle entirely, which is why markets rally while economies stumble
💸 Timing the market versus time in the market: why picking the peak is a fluke dressed up as analysis, and why markets price 12 months ahead using forecasts nobody can actually make
💸 Is investing just gambling? Evan's distinction: gambling is risk with nothing behind it, investing is backing an asset that produces something, with Warren Buffett's gold versus farmland comparison
💸 Loss aversion, and the Kahneman experiment showing we'll gamble to avoid a guaranteed loss even when the maths says take it
💸 Why your eyes go straight to the red holdings in your portfolio while ignoring that the whole thing is green, and what the rational move usually is
💸 Herding, recency bias and gambler's fallacy: GameStop, crypto and the "have I missed the AI boat?" feeling, and why chasing the herd amplifies losses
💸 The sunk cost trap, told through the Concorde fallacy: decades of good money thrown after bad because too much had already been spent to stop
💸 The takeaway from the whole series: cycles happen in economies, businesses and markets alike, and controlling your own behaviour is the only lever that's reliably yours
That wraps the four-part series with Evan. If you missed the earlier episodes, go back for how the economy works (part one), inflation, interest rates and the RBA (part two), and property and housing (part three).

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@tashinvests
@anakresina
@getrichslowclub
@pearlerhq
Get Rich Slow Club
Pearler
YouTube
How To Not Work Forever

Disclaimer Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.
Tash Invests Pty Ltd is a Corporate Authorised Representative #1317713 of Rask Licensing Pty Ltd. Read the FSG available from https://tashinvests.com/links
Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide
If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.
Hosted on Acast. See acast.com/privacy for more information.

Dave Gow from Strong Money Australia is back, this time for a two-part series. Part one goes right back to the start: the toxic workplace that lit the fire, the property portfolio he spent years building, and the moment he ran the numbers and realised the strategy he loved would keep him working for another decade. Ana and Dave also get into why "sacrifice" is the wrong word for any of this.
In this episode we'll discuss:
💸 What actually started it: watching blokes 20 and 30 years older stuck in a job they couldn't leave, and deciding at 19 that there had to be another way
💸 The pre-FIRE era: no Mr Money Mustache, no 4% rule, no target. Just a rule that the bank balance had to go up every week
💸 Why the property plan broke down: capital city yields so low you'd need closer to 50 times your expenses instead of 25, plus the holding costs nobody talks about
💸 The Peter Thornhill reframe that made shares click: stop buying tickers on a chart, start buying a basket of businesses that pay you their profits
💸 Running the real numbers on his property returns after deposit, stamp duty, negative cash flow, selling fees and CGT, and finding index funds would have landed him in much the same place
💸 Why falling in love with the asset instead of the reason you bought it is the trap
💸 The case for semi-retirement over full FI, and why more options usually means you don't mind working, you just want control over it
💸 Dave on the word "sacrifice": you're not giving something up, you're trading it for something you want more, and the holidays and nicer car can still come later
Nothing here is a recommendation, and Dave is upfront that property can work out better depending on the market and the timing. His actual point is smaller and more useful: be deliberate about the trade-offs you're making with your time, your energy and your money, because yours will look different to his. Part two covers what to do once you've actually built the money.

Case Study Form

@tashinvests
@anakresina
@strongmoneyaustralia
@getrichslowclub
@pearlerhq
Get Rich Slow Club
Pearler
YouTube
How To Not Work Forever

Disclaimer Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.
Tash Invests Pty Ltd is a Corporate Authorised Representative #1317713 of Rask Licensing Pty Ltd. Read the FSG available from https://tashinvests.com/links
Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide
If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.
Hosted on Acast. See acast.com/privacy for more information.

Everyone has an opinion on housing, and Evan Lucas warns up front that this one will make you either very angry or very happy. In part three of the four-part economics series, he and Ana get into why there's no such thing as "the Australian property market", why supply has lagged for 40 years, and why the standard fixes tend to make the demand side worse.

In this episode we'll discuss:
💸 The uniquely Australian problem: we have the highest urbanisation rate in the developed world and we all want to live near the CBD, while Europe and North America happily commute
💸 Why supply has been stuck for decades: planning approvals, NIMBY versus YIMBY, our resistance to density, and build times that have blown out to 30 to 33 months
💸 Price to income ratios that have doubled, with Perth going from about 4.5 to 8.5 times gross income and Brisbane from 5.5 to 9.5, against the 3 to 4 times boomers were paying
💸 Why property behaves unlike shares: if a seller doesn't like the price, they pull the listing, so supply shrinks exactly when you'd expect it to grow. Clearance rates are now the worst since 2018
💸 Why the 5% deposit scheme is a demand-side answer to a supply-side problem
💸 The downsizing trap: stamp duty, agent fees and a lack of anything smaller to move into, and the radical HECS-style proposal for drawing on the family home instead of the pension
💸 Melbourne's slowdown, Victoria's sick economy, the honeymoon bump that follows a change of government, and why Melbourne is on track to become Australia's biggest city by 2050
💸 Evan's closing point: a house is shelter as well as an asset, and that changes what it's reasonably worth to you
Nothing here is advice, and no one can tell you what prices do next. But if you're trying to get in and it feels impossible, Evan's view is that you probably will, and you may have to change what you're willing to accept to do it. Next episode: business cycles, markets, and why timing doesn't work.

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@tashinvests
@anakresina
@getrichslowclub
@pearlerhq
Get Rich Slow Club
Pearler
YouTube
How To Not Work Forever

Disclaimer Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.
Tash Invests Pty Ltd is a Corporate Authorised Representative #1317713 of Rask Licensing Pty Ltd. Read the FSG available from https://tashinvests.com/links
Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide
If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.
Hosted on Acast. See acast.com/privacy for more information.

Every year Pearler publishes the ETFs its community actually invests in, ranked by how many people hold them rather than by returns. Ana sits down with Pearler founder and CEO Nick Nicolaides to walk the top ten, plus the most popular pairings, and to talk about what the list is genuinely useful for (a starting point for research) and what it isn't (a shopping list).

In this episode we'll discuss:
💸 Why the list is ranked by number of investors, not performance or fund size, and why Nick thinks that matters
💸 The new entry at number ten: a high yield Australian shares ETF, and whether the proposed 30% minimum tax on capital gains has people rethinking growth versus dividends
💸 Nick's take on investing for tax outcomes: would you rather a bigger gain and a bigger tax bill, or a smaller gain and less tax?
💸 Management fees across the list, from 0.03% at the cheap end up to 0.59% for an ethically screened global fund, and what you're actually paying for
💸 All-in-one ETFs: the two big diversified funds the community argues about endlessly, their geographic splits, and the DRP setting that catches people out
💸 Why the Nasdaq-focused ETF is both the highest performer on the list and the one Nick watches most nervously, and why he owns it anyway
💸 Overlap: why holding two ETFs that share holdings isn't automatically a problem, and Nick's own simple two-fund setup
💸 The near-identical Aussie large-cap ETFs, two popular and two barely known, some with cheaper fees than the famous ones
💸 The top ten pairings, which Nick says really boil down to three groups: Australia plus the world, the world tilted towards the US, or all in on America
Nick's advice when two ETFs are genuinely that similar: you've done the work, so pick the one you'll be happiest holding, whether that's the cheaper fee or the brand you trust. And nothing here is a recommendation. Have a look at what's in the holdings and decide what suits you.

Case Study Form

@tashinvests
@anakresina
@getrichslowclub
@pearlerhq
Get Rich Slow Club
Pearler
YouTube
How To Not Work Forever

Disclaimer Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.
Tash Invests Pty Ltd is a Corporate Authorised Representative #1317713 of Rask Licensing Pty Ltd. Read the FSG available from https://tashinvests.com/links
Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide
If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.
Hosted on Acast. See acast.com/privacy for more information.