Mo Money
452 episodes - English - Latest episode: 4 days ago -Mo Money is where we bring you practical tips, hacks, strategies and knowledge to help you save more, invest smarter, and maximise your money to ultimately replace your salary by investing faster and easier.
In this show, Ben Nash, finance expert, best-selling author, speaker, and award-winning financial adviser along with Will Cant, a Financial Adviser at Pivot Wealth, will help you cut through the noise.
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Episodes
#90 - [Express] Money mistake: Trying to do it all yourself
February 26, 2021 21:00 - 8 minutes - 15.9 MBBeing an expert in every area of life is impossible. Money is one of those. Mortgages, tax, insurance, investments, wealth building strategies, the list goes on…. There are so many options and things to get right to get the best money results. Yet for some reason it’s natural for people to think they should be able to do it all themselves. In this post I go through some of the problems going it alone can create, and what you can do to turn paying for good advice into a profit ce...
#89 - [Express] Money mistake: Trying to pick the right time
February 25, 2021 21:00 - 6 minutes - 12.3 MBWith money, like with many areas of life it’s natural to want to nail your timing. Making money moves, your next career move, health kick - all things that take a bit of work to make happen… Because we tend to suffer from inertia, it’s common to put these things off waiting for the ‘right’ time. The problem is though that while we’re waiting for this perfect time, you’re missing the opportunity to build momentum. In this post I cover the ‘right time’ fallacy, and share two frame...
#88 - [Express] Money mistake: Not tax planning before you invest
February 24, 2021 21:00 - 8 minutes - 15.2 MBWhen you invest, getting your tax right from the start will save you hundreds of thousands of dollars, if not into the millions. But it’s easy to get wrong. And it’s difficult, time consuming, and expensive to restructure your investments AFTER you get started. In this post I cover the things you need to know about tax and investment planning so you can get your approach right from the start, maximising your after tax return and saving yourself a bunch of money in the process. ...
#87 - [Express] Money Mistake: Why you should never invest for tax purposes alone
February 24, 2021 01:04 - 6 minutes - 12.5 MBIn Australia we pay a HEAP of tax, so it’s only natural to look for every opportunity you can to (legally) cut your tax bill 💰👇 But it’s easy to get wrong. When it comes to tax and investment planning we know what we don’t know, and this can lead to suboptimal investment choices. In this post I cover some of the investment tax planning strategies that can lead to trouble and how you can avoid them. Want to keep making the right money moves with complete confidence? ...
#86 - [Express] Money mistake: Urgent vs Important
February 22, 2021 21:00 - 6 minutes - 11.7 MBWe've all been there. You have great intentions to do something you know is really important. It might be a health kick, learning a new skill, or working toward a money goal. And then... ...the emails flood in. Work deadlines loom. And then there's your personal commitments. Life gets in the way. It's super easy to get caught up in the day to day, the #urgent. But if you let this happen, you'll never achieve anything that's really important. In this post I cover my top tip ...
#85 - [Express] Money Mistake: Not looking ahead
February 21, 2021 21:00 - 7 minutes - 14.3 MBNot looking ahead when it comes to your money = a really common money mistake Looking ahead = total game changer. What do you want your financial situation to look like in the future? Understanding what your future could look like can bring you the clarity and visibility needed to make huge impacts on your financial future through decisions you make today. In this post I cover the problems and risks you face when you don’t look ahead, the benefits you can get from getting...
#84 - [Express] Limiting beliefs case study: I’m unworthy
February 20, 2021 21:00 - 8 minutes - 15 MBThis limiting belief is the most common one for women, and one that causes us the most frustration and pain when we see it in action. People that are impacted by this limiting belief can fall into the trap of spending more than they know they should, just to impress other people. In some cases, regardless of what they spend they still don’t get the satisfaction they’re looking for, and they sabotage their money success in the process. In this post I cover the practical applicat...
#83 - [Express] Limiting beliefs case study: I need to be perfect + there is a right way
February 19, 2021 21:00 - 7 minutes - 13.5 MBLimiting beliefs case study: I need to be perfect + there is a right way. This one is actually my personal main limiting belief. It’s also super common with engineers and other really detail focused people. It leads to analysis paralysis and the inaction trap. But there is a solution... In this post I cover the practical application and case study of this limiting belief in practice and how it can hold you back. I also cover some frameworks and hacks you can use to push through y...
#82 - [Express] Limiting beliefs case study: I can’t trust myself, others or the world
February 18, 2021 21:00 - 8 minutes - 14.9 MBThe inability to build enough trust to take action on an investment, money strategy, or goal is a common barrier that holds people back. But unless you overcome it you end up stuck in the inaction trap, missing the opportunity to be gettin better results. In this post I cover the practical application and case study of this limiting belief in practice and how it can hold you back. I also cover some frameworks and hacks you can use to push through your limiting beliefs and master your ...
#81 - [Express] Limiting beliefs and their impact on your money mindset
February 18, 2021 05:02 - 7 minutes - 13.4 MBSadly, as humans we all have our flaws. Even I have a couple. Most flaws come from our thinking and psychology which in a lot of cases don’t set us up for success. And one of the main big money mindset issues we have is around the limiting beliefs we hold onto that cause us to self sabotage. I wasn’t aware of limiting beliefs until a little while ago where I was introduced to them through a collaboration I did. But then I ended up going down the rabbit hole learning about how li...
#80 - [Express] Willpower is a limited resource
February 17, 2021 00:30 - 8 minutes - 15 MBWe know almost everything that’s really important in life requires a solid amount of our willpower, read: money, health, weight, relationships… But everyone knows how hard it is to flex your willpower all day every day. So you need some hacks to make your life easier. If you do, you’ll get the important results you want faster, more easily, and with less stress. In this post I cover how willpower works and what you can do to keep more of it to make your life better and easier. ...
#79 - [Express] Money mindset heuristics (and how to hack them)
February 16, 2021 00:06 - 10 minutes - 18.3 MBHeuristics are mental shortcuts we all take every single day. And they’re totally necessary so we don’t go insane. But they can mess with our money decision making. In this session I cover the top five money mindset heuristics that can hold people back from getting results and cause a bunch of frustration in the process, as well as some of the key hacks you can use to avoid falling into these traps. Want to keep making the right money moves with complete confidence? Upc...
#78 - [Express] Money mindset biases (and how to avoid them)
February 15, 2021 03:15 - 7 minutes - 14.3 MBWe’re all a little bit biased. But some are worse than others… Some biases can impact our money and investing decision making and push us to make bad choices. But, if you know what to look out for you give yourself the best chance of catching yourself before you get too far down the path. In this session I dive deep into the five most important money biases you need to understand and avoid. Want to keep making the right money moves with complete confidence? Upcom...
#77 - [Express] Overview of money mindset problems and opportunities
February 15, 2021 03:12 - 7 minutes - 13.3 MBHave you ever wondered why you think about or deal with money the way you do? Ever get the feeling that your thinking and psychology sometimes push you to make choices that aren’t really the best for you? Do you want to change things up but not sure where to start? In this session and over my next handful of posts I’m going to be diving deep into content to help you understand your mindset and how it drives how you engage and relate to your money. You’ll learn how to shift your thinking to...
#76 - [Express] When you should invest in complex investments like forex, gold, options etc?
February 13, 2021 00:30 - 10 minutes - 18.7 MBThere are a bunch of hype and noise out there around ‘sexy’ investment strategies that can make you MASSIVE cash but are these exotic investments actually a good idea? In this post I cover the different types of ‘interesting’ investments, options, shares, currency / forex, derivatives, commodities, and the rest, along with the pros and con so you can learn how you build the right investment strategy for you. Want to keep making the right money moves with complete confidence...
#75 - [Express] How do shares work and how do you actually buy shares?
February 12, 2021 00:30 - 9 minutes - 16.5 MBUnderstanding how shares work is a foundational element of being successful with money, and all people with real wealth have a good chunk of shares as part of their wealth stack. So you need to understand shares or there will be a huge gap in your asset building and investment strategy. In this post I get down to the super basics around shares and stock investing so you can get across the basics and learn one of the keys to growing a second income stream. Want to keep making...
#74 - [Express] What I just invested in and why?
February 11, 2021 00:30 - 8 minutes - 16.2 MBPeople think making money is just about picking good investments, it’s definitely not . To follow on from my last couple of posts on investing hacks I talk through what I’ve been investing in recently and why, so you can learn how you can choose what investments might work for you and how to choose. Want to keep making the right money moves with complete confidence? Upcoming online training events: https://bit.ly/PivotEvents Book a Money Breakthrough Session with ...
#73 - [Express] What smart investors are buying now
February 10, 2021 00:30 - 9 minutes - 17.8 MBMarket downturns are the times wealthy people make money. But knowing what you should be investing in is tricky. There are so many options out there it’s like drinking from the firehose, and it’s hard to get the confidence to overcome analysis paralysis and take action. In this post I talk about what I’m seeing the smartest investors buying now so you can learn from their experience, and how to figure out what investments might work for YOU. Want to keep making the rig...
#72 - [Express] How lifestyle risk can sabotage money success
February 09, 2021 00:30 - 8 minutes - 15.9 MBNot being crystal clear on where your risk is coming from is THE biggest roadblock that stops people from investing money. And there is one risk in particular that most people aren’t aware of. It’s the same risk that causes the most actual problems for investors. I’ve sadly seen a few dozen people cost themselves tens of thousand thousands (most in the hundreds) through being ignorant of lifestyle risk. In this post I cover lifestyle risk so you know what it is and how to avoid...
#71 - [Express] How much told in your emergency fund?
February 08, 2021 05:44 - 9 minutes - 18 MBThe interest rate on cash is pathetic. And, when you factor inflation into the mix you’re probably going backwards… But holding a cash emergency fund in your financial war chest is key to your peace of mind. It’s also a solid tool you can use so you’re never forced to sell investments at a time that isn’t right, that helps you to avoid having to accept investment losses on your portfolio. In this session I cover what makes a good emergency fund, how to understand what makes a go...
#70 - [Express] Why you need to educate yourself about money
February 07, 2021 00:30 - 7 minutes - 14.1 MBYou don’t want to have plenty of money just for money’s sake. But, having the money you need to be able to live the life you want is a key goal for most people and in my view is one of the most important things… There are a lot of different tactics people take to be smart with money. But like with many things, sometimes the strategies that are the most effective are the most overlooked. In this post I cover the ONE THING we’ve found is the biggest driver of money success, and h...
#69 - [Express] Investing in stocks
February 06, 2021 00:30 - 10 minutes - 18.4 MBInvesting in stock and share investing is something getting a lot of attention in the post-COVID19 world. But it’s a super confusing space and it’s easy to get overwhelmed with all the options and fall victim to information overload. But understanding the right sort of investments to help you grow your investment assets and grow your wealth is a foundational element of being smart with your money. In this session I get into how to structure your investment portfolio and the different ...
#68 - [Express] Passive income investing in Australia
February 05, 2021 02:07 - 6 minutes - 12.3 MBYeah I want a passive income. Who wants to work forever...? Such a cliché, but if you don’t want to work forever nailing investing is critical. In this session I cover the key mistakes people make when trying to create a second income stream, the tips and tricks you should know to grow your investment income faster and with more confidence, and the investment mistakes that can blow up your hard earned cashola. Want to keep making the right money moves with complete confidenc...
#67 - [Express] How analysis paralysis can cripple your money results
February 04, 2021 00:30 - 6 minutes - 12.4 MBAnalysis paralysis is a very long shortcut to money mediocrity… But our psychology often works against us. You want to make smart moves with your money. You want to do your due diligence and cover all your bases. And you DEFINITELY don’t want to fk things up and blow up your hard earned But sometimes, the more you analyse the harder it is to take action. In this post I cover how you can overcome analysis paralysis and drive action so you can start getting RESULTS. Want ...
#66 - [Express] Money motivation fails
February 03, 2021 02:31 - 7 minutes - 13.7 MBAround this time of year I get to chatting with a bunch of people who are all pumped up to make THIS year the year they level up their money game. But not everyone makes it… Because it’s not super easy. It takes some work. And effort. It doesn’t need to be heaps of work, but it won’t happen on its own. There are some hacks you can use to make your money success easier. In this session I cover the strategies and tactics you can use to capitalise on your New Years motivati...
#65 - How to avoid the most painful Money Mistakes [Live event collab for the 'How to Money' series with Raiz Invest and General Assembly]
February 02, 2021 05:32 - 1 hour - 112 MBIn this episode, I'm going to be talking about how to avoid some of the most common and most painful money mistakes, some of the things to look out for so you know what to avoid. I'll give you some hacks as to how we can avoid that. I will also take you through three frameworks around some of the things that we can do once we've avoided these mistakes to actually get on the front foot. What you'll learn: *How to avoid some of the most common and most painful money mistakes *Some of...
#64 - How to be smarter with tax in 2021 [Live event collab for the 'How to Money' series with Raiz Invest and General Assembly]
February 01, 2021 04:41 - 59 minutes - 109 MBThis episode is a recording from a live online event that I did in partnership with General Assembly and Raiz invest on how to get smarter with your tax in 2021. I cover a lot of tax planning, strategies, hacks and the tips. We basically deep dive and cover the things you need to know to be smarter with your tax this year, capitalize on some of that new year's momentum to translate that into results. What you'll learn: *Tax planning, strategies, hacks and the tips *The things you need ...
#63 - [Express] How to turn ideas into action
January 31, 2021 00:30 - 9 minutes - 16.8 MBYou may have noticed that I’ve put out a post every day in January, and I wanted to give you some practical guidance on how to translate the ideas from the last 30 posts into RESULTS. One of my favourite quotes of all time is from the one-and-only @@@Derek Sivers, he said; “If information was the answer, we’d all be billionaires with perfect abs”. And it’s so true. We all want results, and the key to turning ideas into outcomes is ACTION. In this post, I go through my top tips on...
#62 - [Express] How to plan with your money
January 30, 2021 00:30 - 10 minutes - 18.7 MBIf you don’t have a clear plan for your money, not only are you shooting from the hip, but you’re probably leaving a heap of money on the table. And the more you earn, the more problematic it becomes, because there are more things you can be doing to get more out of what you have. In this post I cover the process you can use to plan with your money, the steps to follow, what to look out for, and how to get started. I’d love it if you’d use this to leverage the ground we’ve covered in ...
#61 - [Express] How to save tax (and blow up your wealth) buying property off the plan
January 29, 2021 04:05 - 10 minutes - 19.9 MBBuying property off the plan is a strategy that’s made a bunch of people money, and cost a bunch of people just as much. In short, it’s a minefield. It’s something that’s pretty common and promoted heavily, but there are a bunch of things you need to know so you don’t get caught out holding the bag and cost yourself a HEAP of money in the process. In this piece I cover how buying off the plan works, what to look out for, and some of the strategies you can use to make sure your propert...
#60 - [Express] How self managed super funds SMSFs work and when they are beneficial
January 28, 2021 06:47 - 10 minutes - 19.3 MBThere is a heap of money to be made with Self Managed Super Funds or SMSF’s, but sadly most of the time the money is made by the people that are either selling you the SMSF, or the people selling you the investments like off-the-plan property that goes in these funds. But they can be a really great way to grow your assets, when used in the right way. In this piece I cover what an SMSF actually is, how they work, when they are and aren’t helpful, and what to look for when you think abo...
#59 - [Express] When do you REALLY need a good accountant?
January 27, 2021 06:27 - 8 minutes - 16 MBEveryone knows a good joke about accountants, and most people have an accountant that comes to mind when those jokes are told. But, the more money you earn, the more you get smashed with tax and need some sort of help to hold onto a fair amount of your hard earned 💰💰💰 In this episode I cover when you ACTUALLY need an accountant, where to look, and how to make smart moves with your tax and minimise your donations to the ATO. Want to keep making the right money moves with compl...
#58 - [Express] Accounting strategies for business owners
January 26, 2021 00:30 - 8 minutes - 15.8 MBFor business owners, the difference between the right and wrong tax structuring and tax strategies is hundreds of thousands of dollars, if not well into the millions. But it’s not easy. The rules are complex, there are lots of them, and making small mistakes can be costly. In this session I cover some of the top strategies I’ve found to be super effective to save lots of tax for business owners, the traps to look out for, and how to use them to your advantage. Want to keep makin...
#57 - [Express] When do I need a trust for investing?
January 25, 2021 00:30 - 8 minutes - 14.9 MBTrusts aren’t for everyone. But, in the right situation they can save you mountains of tax dollars. But, a common issue I hear from clients is that they’re getting advice to look at a trust from someone with a conflict of interest, and so they don’t have confidence to take action. In this post I chat through the key things you need to understand to establish whether even considering using a trust might be right for you. Want to keep making the right money moves with compl...
#56 - [Express] Tax mistakes to avoid
January 24, 2021 00:30 - 7 minutes - 14.4 MBGiven there are so many different things to get right when it comes to tax in Australia, it’s no wonder most people don’t get them all right. But some tax mistakes are more painful and costly than others, so you should know they are so you can make sure you avoid them. In this post I cover the most common and painful tax mistakes I see so you can learn from the money mistakes other people have made and save yourself a bunch of money in the process. Want to keep making the right m...
#55 - [Express] Tax strategies that can save you $$$$’s
January 23, 2021 00:30 - 7 minutes - 14.2 MBA common area we’re asked about is around the strategies you can use to save tax dollars. And there are a few strategies that can save you a packet, if you know how to use them to your advantage… In this episode I dive deep into some of the tax saving and tax planning strategies you can use to cut your tax bill, reduce your assessable income, and hold onto more of your hard earned income. Want to keep making the right money moves with complete confidence? Upcoming online tr...
#54 - [Express] How tax works on different types of investments
January 22, 2021 05:31 - 9 minutes - 17.7 MBHow the Australian tax system works with different types of investments is an area I’ve found can cause a heap of confusion. Marginal tax rates, rental income tax, property tax, land tax, franking credits, division 293 tax, there are so many types of tax it can be overwhelming. In this episode I cut through the financial jargon and help you understand the different types of tax that applies to your investments and what you can do to increase the after tax return on money you invest. ...
#53 - [Express] How the tax system works in Australia and Aussie tax system overview
January 21, 2021 06:19 - 6 minutes - 12.6 MBIn Australia we pay a lot of tax. And tax is important, but you don’t want your annual donation to the ATO to be any bigger than it needs to be. But understanding what to do to tackle your tax can be overwhelming. In this post I cover the key things you can do to manage and reduce your tax (legally), and some of the common tax strategies we’ve used to save our clients in the 10’s of thousands of $$$$’s. Want to keep making the right money moves with complete confidence? ...
#52 - [Express] Steps to follow when looking for a financial adviser
January 20, 2021 01:08 - 9 minutes - 17 MBOver the last couple of days I’ve been posting about how financial advice works. I’ve had a few questions about what comes next, as in how do you actually get started. In this post I cover the actual practical steps you need to take to start seeking out an adviser, and how to get started. Want to keep making the right money moves with complete confidence? Upcoming online training events: https://bit.ly/PivotEvents Book a Money Breakthrough Session with a Pivot Advise...
#51 - [Express] Where does the value come from in financial advice?
January 19, 2021 02:12 - 10 minutes - 20 MBAny purchase is a value exchange. You need to get more value than you pay for any product or service. But if you haven’t used an adviser in the past, it’s hard to know where the value will come from. In this post, I go through the areas that value can come from in financial advice, and a case study of a recent client so you can learn from their experience. Want to keep making the right money moves with complete confidence? Upcoming online training events: https://bit...
#50 - [Express] How to choose a financial adviser
January 17, 2021 00:30 - 12 minutes - 23 MBWith over 22,000 financial advisers in Australia, choosing the perfect one to help you isn’t easy. There’s licensing, advice areas, service models, charging strategies, aligned, vertically and horizontally integrated, and that’s before you even get to the technical stuff. A pretty common question I get asked is how to get started actually choosing a good financial adviser. In this post I cover the key things you need to get right to make a choice that will actually work for you....
#49 - [Express] The most painful money mistakes I see
January 16, 2021 00:30 - 7 minutes - 14.1 MBConsistently making the right money moves isn’t easy. And it doesn’t come naturally. In fact, our psychology often sets us up for failure when it comes to making our money moves. In this post I cover some of the key money mistakes people make, and how you can avoid them. Want to keep making the right money moves with complete confidence? Upcoming online training events: https://bit.ly/PivotEvents Book a Money Breakthrough Session with a Pivot Adviser...
#48 - [Express] The top three drivers of being successful with money
January 15, 2021 00:30 - 7 minutes - 14.3 MBWhile there is no one set of ‘perfect’ money choices that any person can follow to be successful with money, there are some key things that every person needs to get right. In this post I cover the three top drivers of how to be successful with money, and you can put them into action. Want to keep making the right money moves with complete confidence? Upcoming online training events: https://bit.ly/PivotEvents Book a Money Breakthrough Session with a Pivot Advise...
#47 - [Express] How to choose the perfect super fund
January 14, 2021 00:30 - 10 minutes - 18.7 MBYour super fund isn’t something that needs a lot of attention, but some simple tweaks can make a difference of hundreds of thousands of dollars by the time you eventually are able to access your super. In this post I cover the things you need to get right to maximise your super investments and after tax return on your super. Want to keep making the right money moves with complete confidence? Upcoming online training events: https://bit.ly/PivotEvents Book a Money...
#46 - [Express] How employee share options plans (ESOP) work
January 13, 2021 02:59 - 9 minutes - 17.2 MBEmployer share options plans or ESOP plans can be a pathway to that sweet pot of gold at the end of the rainbow that is sweet sweet startup millions. But you need to know the rules or you can get it seriously wrong and end up being forced to make a much bigger donation to the ATO that you need to. In this post I cut some of the noise and go through the facts. I talk through the key rules that surround options plans, how to maximise the amount of money you make from your options plan, ...
#45 - [Express] How RSUs work and maximising restricted Stock unit plans
January 12, 2021 00:30 - 7 minutes - 14.5 MBRestricted Stock Unit or RSU plans are an epic way to grow your investments and assets. But you need to know the rules, otherwise you end up blindsided with one surprise tax bill after another. I cut through the noise to go through the facts here. In this post I cover the key rules you need to know to maximise your restricted stock, and some of the tips and hacks that can help you cut through the noise and hype so you can make the most money from your restricted share plan. ...
#44 - [Express] How employee share purchase plans work ESPP
January 11, 2021 04:39 - 9 minutes - 18.3 MBThe rules and legalese on employee share purchase plans (or ESPPs/ESSs) can be tricky to understand, but if you don’t take the right approach you can end up leaving money on the table. In this post I cover how employer share purchase plans work, the key rules you need to know to maximise your employer’s share plan, and some of the tips and hacks that can help you cut through the noise and hype so you can make the most money from your share plan. Want to keep making the right...
#43 - [Express] Five steps to get the most out of your employer share plans
January 10, 2021 00:30 - 7 minutes - 12.9 MBEmployer share plans can be a way to rapidly accelerate your asset and investment building. But without the right strategy in place you can get blindsided by one tax bill after another, fall into some common investing mistakes, and miss the opportunity to create real financial security asap. In this post I cover the key elements you need to be aware of to get the most out of your employer share plan and how to get started. Want to keep making the right money moves with complete ...
#43 - [Express] Five steps to get the most out of your employer share plans
January 10, 2021 00:30 - 6 minutes - 12.7 MBEmployer share plans can be a way to rapidly accelerate your asset and investment building. But without the right strategy in place you can get blindsided by one tax bill after another, fall into some common investing mistakes, and miss the opportunity to create real financial security asap. In this post I cover the key elements you need to be aware of to get the most out of your employer share plan and how to get started. Want to keep making the right money moves with complete ...
#42 - [Express] Should you be selling your tech shares now?
January 09, 2021 00:30 - 7 minutes - 14.1 MBThis is definitely a first world problem, but one that’s real, and valuable to solve. APPLE, Atlassian, Amazon, Google, Uber, All up around 100%, plus the dollar is weak. There is also a lot of uncertainty with where markets are going and what will happen as governments around the world wind back the huge amounts of artificial stimulus they’ve been pumping into the economy. In this post I cover the key things to understand if now is the right time to sell your tech company shares, and...