Finance & Fury Podcast
546 episodes - English - Latest episode: 11 months ago - ★★★★ - 4 ratingsThere is zero formal financial education through the standard schooling system.
Your formal education prepares you for your career and making money! ...but after graduation you're on your own trying to figure out what to do. This leads to a lot of frustrated, furious people!
Finance and Fury picks up where your formal education left off, providing a unique insight into the world of economics, personal finance and building wealth with three different episodes each week.
To start the week, in Mondays' episodes we look directly at personal finance, so you can act independently and make your own financial decisions - not follow the crowds. Let's be real here, how well is that working out for the ‘average’?
Say What Wednesdays – Each Wednesday we give you the answers you are looking for and respond to questions from our listeners (that's you!)
Furious Fridays – Each Friday we explore often misunderstood topics about finance and the economy, shedding some light in dark places, and challenging some common misconceptions.
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Episodes
The skinny on spare change investment apps and building wealth when you’re earning $25,000 or less a year.
May 30, 2018 01:47 - 12 minutes - 11.8 MBWelcome to Say What Wednesdays – Where we answer your personal finance questions each week. Two questions this week from Chris: No 1 what are your thoughts on investing through a platform such as acorns? In your opinion do you see it as reliable and a worthwhile investment option? Furthermore, with such platforms would you say that there is a degree of double fees being taken out (platform fees and ETF fees for underlying investments e.g. ASX ETF's) which erode earnings? No 2 What ...
Financial crash proof your share investments
May 27, 2018 04:20 - 16 minutes - 15.4 MBWelcome to Finance and fury Financial Crash proof your Share investments There is no way to control the rise and fall of investments but focusing on what you can control makes all the difference! Behaviours lead to underperforming, or outperforming, the ‘market’ Firstly – What you buy and when Secondly – What you actually do when a “crash” occurs What is a correction or crash? Drop on prices – followed by mass hysteria – panic selling – further declines in investment values Shar...
Cannibalism, Nazism and property rights
May 25, 2018 05:50 - 21 minutes - 19.8 MBWelcome to Part Two: Let’s look at these claims: Means of production owned by the public or state This removed property rights – Which is the foundation of wealth accumulation Think of a group assignment – social loafing Property rights lead to incentives Zimbabwe – Took property rights away – expropriated land and property rights China – Introduced property rights – Incentivised farmers – reduced starvation Australia – Same thing – gave the convicts rights – as was only...
Give the people what they want; Socialism for the masses & the human economy
May 25, 2018 01:52 - 16 minutes - 15.3 MBHaven't Liked us on Facebook yet? Show some love This is going to be a bit of a longer episode in order to unpack this topic fully… You’re probably going to need to relisten Book – Utopia Wishful thinking – the story described perfect, imaginary world. A complex, self-contained community set on an island, in which people share a common culture and way of life. Although this book was a work of satire, I was 13 or 14 at the time, so wasn’t quite sure what satire was. There is no money, n...
Premiums on the rise...But is Private Health Cover worth it?
May 23, 2018 00:39 - 19 minutes - 17.8 MBWelcome to Finance & Fury, Say ‘What’ Wednesdays! where we answer your questions on finance and economy. Today’s question comes from Mike – ‘Hey mate, loving the show, what’s your view on Private health insurances, I keep seeing my premiums going up and am wondering if you think it is worth having or not’. Thanks Mike! Hikes in premiums over the past few years Media articles are stating that Australians are dumping their covers ...but are they? Roy Morgan Research – 265,000 Austr...
Buying Property & Financial-Crash proofing your investments: how to get yourself into a position to survive any market correction
May 19, 2018 22:33 - 16 minutes - 15.3 MBWelcome to Finance and fury Financial-Crash proof your investments This is a flow on from the last Say What Wednesday, this episode talks about how to get yourself into a position to survive any market correction. We’ll cover off on the two types of volatile investments – Property and Shares; today’s episode will focus on Property, and in the next episode we will look at shares. What is a correction or crash? A decrease in prices, followed by mass hysteria and panic selling, which fur...
Is money the root of all evil? And, how statistics are used to perpetuate misunderstandings and f*ck with you
May 18, 2018 05:07 - 18 minutes - 17 MBWelcome to Furious Friday – These episodes aim to solve misunderstandings In this episode - Furious about the muckery of statistics used to perpetrate misunderstandings Misconceptions about the world when it comes to the world, the economy and what we are taught, by the media. Click Bait is the winner when we are too busy to fully look into an article! So, I did it for you – I’ll go through two examples Article about 9 out of 10 Australians support Healthcare and Education being f...
Property Boom, or Doom and Gloom? Understand property bubbles and crashes so you can stop being freaked out by the media
May 15, 2018 22:57 - 22 minutes - 20.5 MBThis week’s Say ‘What’ Wednesday is from my friend Adam. We were talking on the weekend about Harry Dent’s recent visit He predicts a property crash - There is ALWAYS another financial crash coming! He claims that Australian property is set for a 50% crash - Or correction? Interestingly, Dent made similar prediction in 2011, 2012, and 2014 as did The Economistand Demographia. History: Lets go back in time 2014 - Dent came to Australia warning the China bubble would bursts in mid...
The Great Debate! Managed Funds vs ETFs vs LICs...what they are, how they work and what's best to invest in
May 13, 2018 06:17 - 23 minutes - 21.5 MBThe debate! (it’s not time for a math debate, there will be numbers) Please do listen to our episode “Pay yourself” first The choices are: Managed Funds, ETFs, LICs What they are and what they do Features and what works best Who will win? Disclaimer – Full disclosure, I own all three types. Bought shares first, Managed funds about 6 years ago (tech super longer), ETFs and LICs in past 3 years. Introducing the contenders: Managed Fund – more managed funds than shares on ASX. 31...
B!tching about the budget: What does it mean to your back pocket, Santa Claus, wage growth and the cocaine economy
May 11, 2018 04:00 - 24 minutes - 22.3 MBWelcome to ...Furious Friday! Today’s episode is a special edition covering off on B!tching about the budget Why are people complaining? Well, I actually don’t know…. The media kept harping on about Santa – The jolly guy who gives free things away in concept - but it isn’t free, someone is paying for it (the parents). And isn’t Santa a fictional fantasy we tell kids to behave? Sounds a lot like the Government, except you are the children in their eyes! Instead, this budget is letting...
Is it time to jump ship? Should you sell your bank shares?
May 09, 2018 00:04 - 13 minutes - 12.8 MBToday’s question comes from Jake. He asks “should I sell my bank shares, given the recent fall out from the royal banking commission?” IMPORTANT: This episode comes with a general advice warning! I’m not telling you to buy or sell... Instead I’m going to run through what the future of banking might look like given what we have seen so far. But let’s break it down. The nature of the beast – Where profits come from Banks are diversified revenue models – out of top 5, they make u...
Why work your whole life just to have nothing left over?
May 06, 2018 03:23 - 18 minutes - 16.7 MBPay yourself first! Keep your own money – why work for others, then have nothing left to show for it? You earn more over your lifetime with this strategy – you save more and get rich right? Income earners can be wealthy Where does money go? Hedonic Treadmill (or, hedonic adaptation) - The tendency of humans to return to a relatively stable level of happiness despite major positive or negative events or life changes. Money/goals - despite a change in fortune or the achievement of majo...
Welcome to the Wild West!
May 02, 2018 07:18 - 19 minutes - 17.5 MBWelcome to Say What Wednesday This week we’re going to answer some of the burning questions that have been on a lot of peoples’ minds around the banking royal commission…and rather than repeat everything you’ve been hearing in the media, we’re going to approach this from a different angle. In fact, beyond doing this podcast and teaching personal finance courses, I am one of these financial advisers all painted with the same stroke by ABC and other media outlets. Banking Royal Commission ...
Leveraging: how the wealthy get wealthy, how the rich get rich!
April 29, 2018 02:02 - 16 minutes - 22.7 MBThis is how the wealthy get wealthy, how the rich get rich! We’re discussing the two-tiered economy and leveraging – taking something that you don’t have, investing it, and growing that over time. It’s one of the tricks behind how companies and individuals can amass such great fortunes leveraging to generate additional returns. But, the higher the reward, the higher the risk. You can do it to! Only catch is you have to borrow at a higher rate than the Banks, so you better make it worthwh...
How much is the economy of regional Australia worth?
April 24, 2018 03:08 - 9 minutes - 9.08 MBWelcome to this week’s ‘Say What Wednesday’ episode! Our question today comes from Anna …who was actually listening to our podcast while driving her tractor on a farm, which is pretty cool! Anna asks, ‘how much is the economy of regional Australia worth? Is this growing faster or slower than metropolitan areas and what will it look like in the future?’ We’ll define ‘Regional Australia’ as all areas outside of metropolitan areas. Let’s get started… Regional Australia - Population b...
Not all returns are created equal; diversification (and over diversification), correlation and covering your butt.
April 22, 2018 03:45 - 14 minutes - 20.2 MBWelcome to Finance & Fury. I’m sure that everyone’s heard the saying, “playing it safe” before. And in any game, it’s generally a good idea. If you’re playing a game or participating in anything, you want to make sure you don’t get kicked out of the game too early. And that’s where diversification comes in with investments. Its about covering your butt to make sure you don’t get kicked out of the investment game or at a certain point where it’s actually really essential to have your invest...
How would Universal Basic Income work in Australia?
April 18, 2018 02:10 - 14 minutes - 13.3 MBLet’s take a look at a recent Press Club speech from the Australian Greens leader, Dr Richard Di Natale, “With the radical way that the nature of work is changing, along with increasing inequality, our current social security system is outdated…A modern, flexible and responsive safety net would increase their resilience and enable them to make a greater contribution to our community and economy. That’s why we need a Universal Basic Income. We need a UBI that ensures everyone has access t...
Risky business; why fortune favours the brave (and smart!) and why volatility isn’t necessarily a bad thing
April 14, 2018 22:30 - 16 minutes - 15.2 MBToday on Finance & Fury, we’re talking about …risky business! Why take risk at all when investing? There must be a reason some people are willing to expose themselves to unwanted troubles, to downward movement in their investments? As the saying goes, ‘fortune favours the brave’ but unfortunately you still have to get it right! You can be as brave as you like, but it can still go quite wrong. Getting it right with ‘risk’ without actually taking much risk, is really the smart, brave thing...
Economic sanctions, tariffs and what they mean for both sides
April 11, 2018 01:45 - 7 minutes - 7.13 MBWelcome to 'Say What Wednesdays' - Where we answer your finance questions. Today's question is from Rhys: “I’ve been seeing stories on the news about Trump putting tariffs on China and sanctions on Russia. What is the benefit for the US to do this?” Thanks Rhys Economic sanctions Economic sanctions are penalties applied by one or more countries against a targeted country Examples - trade barriers, tariffs, and restrictions on financial transactions Economic sanctions are used as a to...
Making money from shares; ratios, prices and what to look for
April 08, 2018 05:02 - 18 minutes - 17.1 MBWelcome to Finance & Fury! Is it better to actually make money or take money? Today we'll be discussing whether it's better to actually cooperate with companies or compete with them, and the best ways to actually make money of your own. And specifically we will be discussing shares and what to look for when you want to buy shares as well. Because when looking for the best companies to own and how to pick them, it's all about picking the best company to cooperate with. And we'll run throu...
Debt recycling & leverage - How to turn liabilities into assets
April 04, 2018 07:13 - 12 minutes - 11.7 MBWelcome to finance and fury, the Say What Wednesday editions! Today’s question comes from Dale: “My question refers to a point you and Jayden made a few times about recycling debt or using good, specifically using equity to purchase shares. I understand that you can claim the interest paid on the equity as a tax deduction. So, does that mean you have a second loan to pay down? And also, how does it look at the backend when you want to liquidate your shares? Great questions! Today we wi...
8 Tax Loopholes, Trump's tax losses, and thoughts on progressive taxation
April 02, 2018 08:46 - 22 minutes - 20.9 MBWelcome to Finance & Fury! Today we're talking about increasing your net income …and the way to do that is reducing tax. So, in today's episode we'll run through why we pay tax, where it goes and I'll break down all of those dirty little “loopholes” that you’re hearing about, how the super wealthy tax dodge every single year, how they pay no tax…well, guess what! you're all entitled to do the exact same thing if you're in a similar position. So, to take us into it, Mr. Fury… Enough is en...
The deal with proposed Changes to Franking Credits policy
March 28, 2018 06:32 - 10 minutes - 9.74 MBWelcome 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...
How to be wealthy; Germs, Monopoly, and Competition Vs Cooperation
March 25, 2018 21:31 - 28 minutes - 26 MBHey 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 ...
Gender pay gap, porn and becoming "in demand"
March 22, 2018 06:30 - 13 minutes - 30.8 MBWelcome 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 offe...
The wrap up party
March 19, 2018 04:37 - 8 minutes - 8.01 MBHey 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...
What will your retirement look like, and WHY
March 16, 2018 03:28 - 17 minutes - 15.9 MBWhat 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 ...
Trusting yourself and learning the basics
March 12, 2018 02:45 - 16 minutes - 23.1 MBTo 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 t...
From 'puzzle' to 'map'
March 07, 2018 23:40 - 17 minutes - 16.1 MBWelcome 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 b...
Translating Finance
March 05, 2018 09:10 - 17 minutes - 23.4 MBWelcome 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 ...
What is financial independence?
March 02, 2018 00:29 - 20 minutes - 18.5 MBWelcome 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 ...
We're back!
March 01, 2018 22:59 - 3 minutes - 33.7 MBWere 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 help...
Archive: Steps to Success - Step 12
August 29, 2017 06:53 - 16 minutes - 22.9 MBToday 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 bo...
Archive: Steps to Success - Step 11
August 21, 2017 03:38 - 14 minutes - 20.6 MBThere 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 ...
Archive: Steps to Success - Step 10
August 13, 2017 23:02 - 17 minutes - 24.5 MBThe 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...
Archive: Steps to Success - Step 9
August 06, 2017 04:58 - 13 minutes - 18.9 MBHacking 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 task...
Archive: Steps to Success - Step 8
July 31, 2017 03:11 - 12 minutes - 17.2 MBIt 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 distracti...
Archive: Steps to Success - Step 7
July 24, 2017 08:52 - 15 minutes - 21.9 MBTo 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 tim...
Archive: Steps to Success - Step 6
May 14, 2017 04:08 - 14 minutes - 32.1 MBAchieve 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 supe...
Archive: Steps to Success - Step 5
May 07, 2017 03:38 - 13 minutes - 30.5 MBWelcome 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 re...
Archive: Steps to Success - Step 4
April 30, 2017 23:40 - 13 minutes - 31.9 MBHaving 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 a...
Archive: Do you suffer from behaviours that kill your investment returns?
April 23, 2017 04:52 - 17 minutes - 40.4 MBBehaviours 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 t...
Archive: Steps to Success - Step 3
April 16, 2017 01:50 - 11 minutes - 27.2 MBIf you take 100% responsibility for your own life, you are more in control of your success than if things just happen to you. But what is success and how do you reach it? In this episode, we run through finding your purpose and coming up with a clear idea about what you want to achieve in life. This is what you are responsible for to make real and how you can define success for yourself. This doesn’t have to be purely financial, but ranges in any area you want; your finances, relationships...
Archive: Steps to Success - Step 2
April 09, 2017 03:57 - 15 minutes - 21.2 MBThis week, we build on this through taking 100% responsibility for your life! To be successful you need to be 100% responsible for your own life. Ask yourself this question: Who is in control of your current situation of income, debts, relationships? Is it Politicians, your boss, your spouse or parents? It is a common thinking among a lot of people that they are entitled to a great life, great relationships, health, incomes and always being happy. This couldn’t be further from the truth....
Archive: Steps to Success - Step 1
April 02, 2017 06:37 - 17 minutes - 23.7 MBThis is the first episode of many in a series called ‘the steps to success’. What is success? Everyone has an idea about what success means to them. What we will be talking about here is success on all areas of your life. This includes the level of your achievements, the results you produce, the quality of your relationships, the state of your health and physical fitness, your income, your net worth, your happiness or anything that is important to you! This is not easy. Over the next...
Self Made Millennials
March 22, 2017 04:28Welcome to the podcast helping to create happier and wealthier Millennials! If you are a Millennial looking to kick ass in life then this is the podcast for you!