Succeed With Money

In this podcast, David and Carolyn talk about their unique and proven system to gain control over your finances. Today they talk about why budgeting is the wrong approach to spending planning. They cover the problems involved and what you should be doing instead.

David and Carolyn continue their three-part series showing you their proven system to take control of your financial plans. This episode is aimed at people who have tried everything but still feel stuck financially, going nowhere. We'll learn how to take more control and start growing your money.

If you can take control of your finances and money plans, you'll avoid a huge amount of stress and start living the lifestyle you want. In this episode of Succeed With Money, David and Carolyn share 8 steps everyone can take to gain more control over your money.

In this episode of the Succeed With Money podcast, David and Carolyn talk about three of the biggest money planning mistakes people make. They talk about how these common pitfalls can lead to you losing control of your finances, and some ways to anticipate and avoid them.

At the end of 2020 Carolyn and David put out the challenge to make 2021 the year that you start living life on your own terms. In this episode of the Succeed With Money podcast David and Carolyn interview Madison Pickering, a 19 year old who has just moved into her own home. She is definitely living life on her own terms compared with 99.999% of her peers! Listen in to find out how she achieved such an amazing outcome at such an early age … making this an episode not to be missed!

In a normal year, I would be saying “Can you believe it, it's December already” but this year is different! I think many people would be saying “Thank God, it's December finally!” However, December marks the beginning of THE most treacherous 3 months of the year when it comes to money. It started with the Black Friday/Cyber Monday sales and then next, the School Holidays start. That continues on through Christmas and New Year (which is a high-cost period for all and a low-income period for tradies). Back to School costs and Credit Card bills arrive in January and February often brings the rates bill for homeowners. It's a period that anyone who does not have a spending plan or a bottomless pit of money actually dreads! In this week's episode of Succeed With Money, David and Carolyn discuss this annual phenomenon and talk about ways to avoid the pain that goes with it… which makes this an episode not to be missed!

In this week's episode of the Succeed With Money podcast David and Carolyn return to focussing on adults, after looking at the topic of teaching Kids about Money during the last 5 episodes. This week they take the opportunity to ask the question: "How are we adults going at learning the lessons we want our kids to learn before they leave home?" Of the 10 lessons David and Carolyn identified that parents should teach their kids about money, in today's episode they look at how well adults are doing with lesson number 6 - Knowing that living week to week is a recipe for disaster, and they give some really sound advice on how to stop living from pay to pay, which makes this an episode not to be missed...

At the end of last week's episode of ‘Succeed With Money' David and Carolyn presented two opposing principles for how to raise your kids. One was to give them everything they want, and the other was to give them nothing but to encourage them to work for the things that they want. In this week's episode we look at the responses that came in from our listeners on these two ideas and discuss the pros and cons. The podcast concludes with a simple principle relating to chickens and butterflies... which makes this an episode not to be missed!

As adults we learn pretty quickly that success with money is pretty important if you want to live a life that's not full of hardship and stress. If you didn't get a good financial education as a child you most likely got some painful and abrupt financial lessons when you arrived at adulthood and that experience may well be ongoing if you haven't taken steps to educate yourself. It stands to reason then that as parents, nothing you do for your children will ensure their success as an adult more than teaching them to be money-savvy from an early age. In this episode of Succeed With Money podcast David and Carolyn outline 10 things that parents should be teaching their kids about money…. which makes this an episode not to be missed!!!

In this episode of the Succeed With Money Podcast David and Carolyn discuss some of the typical money issues that come up when raising kids. This leads into a chat with another Mum about how she is going about educating her 4 boys about money. At the end of that conversation David offers a strategy she can use to teach her boys to become investors. This strategy can be used by any parent to accelerate the financial education and understanding of money principles they impart to their kids….. which makes this an episode not to be missed!

In Part 1 of "Teaching Kids about Money", we opened a can of worms introducing the topic of teaching children about money. We're not sure how big this is going to get but there is certainly a lot of interest in this topic. As parents we have a responsibility to give our kids a solid financial foundation for life. Neglect this and you're setting your kids up for failure. In this podcast we interview a parent of two children who are learning the importance of making smart choices with money… so it's an episode not to be missed!

A recent report from the ABC stated that while each generation of Australians has enjoyed a better standard of living than the one that came before it, today's young Australians are in danger of falling behind. We all want to see our children have a great life and as parents we want to pass on the lessons we have learnt, so our children can avoid making the mistakes we made. Over the past 53 episodes of Succeed With Money we've been banging on about the importance of taking control of your money and how important having a plan for your day to day finances is. If you've been listening to our podcast over the last 12 months you would have learnt the importance of taking control of your money, getting rid of debt, understanding where your money goes and how to create a secure financial future. We are now entering the 2nd year of our podcast and have realised the importance of teaching the next generation, i.e. your kids, good money skills. Over the coming weeks we will be focusing on the importance of teaching children good life money skills ... which makes this an episode not to be missed!

The Federal Treasurer brought down the budget last week and announced we would all be receiving personal tax cuts. Three days later this passed through parliament and it's now law. We're all going to be getting more in our take-home pay each week. So this episode of Succeed With Money looks at our options for what to do with this money…. which makes it an episode not to be missed!

Three and a half million Aussies have benefited greatly from Job Keeper payments over the last 6 months. These payments were designed to keep staff attached to employers while the business's income was down due to Corona Virus. Now it's early October, JobKeeper V1 has officially run out. However it has been extended for some people at a reduced rate. For others it has ended. There are many who will now be facing a change in their financial experience and the reality of having to face up to life after government support and protection from loss of income. The Covid bubble has burst.

When you were a teenager you were probably very excited at the prospect of getting started on your life journey, the way YOU want it to be. When you were in your 20's you would have started that journey and maybe you recognised the need to get some qualifications or skills that would allow you to generate a decent income, but you were having fun doing life your way. By the time you're in your 30's you may well be married, maybe started a family, possibly purchasing or looking to purchase a family home and quite likely up to your eyeballs in financial commitment. If you are in your 40's you would quite likely have teenage kids and financial pressure coming at you from many directions. Each decade of life has its own challenges and rewards. In this episode of Succeed With Money Podcast David interviews Chris Freeman from 'Design A Decade'. Chris tells the story of his own personal successes and failures and the lessons he learnt that now allow him to teach others how to plan the decades of their life to enjoy success on many levels. It's a very interesting interview... which makes this an episode not to be missed!

If you were a prime minister, a king or queen, or perhaps the president of an important country, you would have security staff whose entire time and energy would be dedicated to keeping you safe. To do that every journey you took, every speech you made and every meeting you had would be assessed for the possible risk of something bad happening to you. OK so you are actually not the prime minister or the queen, but does that mean that taking risks is OK for you? Have you ever stopped to consider the risks you are living with each and every day?

Have you ever thought about where money comes from? Right now governments around the world are spending lots of it to keep their economies going. That's borrowed money that has to be paid back! But where does it actually come from and where does it go? If you think of each week's pay as seeds that could be spent and given to others, you realise some of them could be saved and planted to grow massive trees for your own prosperous future over time. Are you sowing seeds for your future? This week's episode of Succeed With Money covers a lot of ground on the topic of creating money.. and yes, it actually does grow on trees!

There are at least three basic human needs. Food, Shelter and Clothing and many would add Companionship to that list as well. Food is usually readily available and quite affordable. Clothing can be expensive if you let it, but there are certainly economical options available. Potential companionship is all around us and it is usually free, although it can come with some substantial non-financial costs. Shelter, somewhere to live, is one of the biggest expenses most people encounter. House prices have always made it that home ownership requires a concerted and deliberate effort to achieve, but is home ownership worth it? Choosing to make the commitment to purchasing a home, or deciding it is better to rent is something that often comes up for debate. In this episode of the 'Succeed With Money' podcast David and Carolyn explore the pros and cons that might influence your decision either way so they can maybe help you answer the question; is it better to buy a house or rent one?

One of the basic needs all humans have is shelter. Owning your own home is the ultimate form of shelter so when I recently met Lindsey Galloway, who calls herself a 'New Property Concierge' I was interested to find out all about what that is, and how a New Property Concierge helps people to get into their first home faster. In today's podcast, David interviews Lindsey to find out all about what she does.

If money stress is painful, why do people go into debt? Is there something attractive about debt that lures us out of our safe place and into the perils of owing someone else money? Obviously there is or we would not go there! If I were to tell you that debt was only a problem if it was bad debt, would you start to wonder what planet I was from? How could debt possibly be good? Today in the Succeed With Money podcast David and Carolyn are looking at the difference between good debt and bad debt and how we can all make better debt choices.

The family you are born into can give you an advantage or a disadvantage when it comes to your financial journey, but, when you boil it all down, we all have the opportunity and the responsibility to learn to manage money well and create wealth in our lifetime. If you do not make it your mission to learn financial principles, you will never be without money stress and you will very easily fall into the debt cycle that has so many people trapped. In this episode of Succeed With Money Podcast David and Carolyn look at the problem with modern money management …. which makes this week's episode one not to be missed.

You're lying on your deathbed looking back at your life. Your fairy godmother appears and says “I'm going to let you go back and change what you spent your time on”. Would you get all excited and revel at the opportunity to make changes or would you say “Ah no, it's OK. I'm really happy with how I spent my time! Thanks but no thanks”? I think most people would want to make changes! This week David and Carolyn look at the life journey and the kind of things we all should be learning along the way. Every decade has its own pleasures and challenges that we need to embrace. It's a really interesting topic…. which makes this an episode not to be missed!

Do you remember your early adult life? How exciting was it to finally have arrived at the doorstep of life on your terms? Do you remember some of your firsts? First date, first kiss, first car, first job??? What an exciting time it was! Of course, it wasn't always perfect! Do you remember your first speeding ticket, your first bust-up with a girlfriend or boyfriend? It wasn't all roses but it certainly was a great time! Looking back it's hard to believe we were so vulnerable and so at risk, yet we were so totally oblivious to that fact at the time! The truth was that we really had no idea about what we had no idea about... and it was great! Sometimes ignorance is bliss. This week David and Carolyn look at the life journey and the kind of things we all should be learning along the way. Every decade has its own pleasures and challenges that we need to embrace. It's a really interesting topic…. which makes this an episode not to be missed!

They say it takes all kinds of people to make up the world. If you look around in a busy city street you will realise just how true that is! Some years ago the speaker at a conference began by saying there are three kinds of people in the world: Those that make things happen; those that watch things happen; and those that just wonder what happened. While this may sound a bit humorous at first, it is actually quite scary to think just how accurate he was. In this episode David and Carolyn look at how important it is to be someone who makes things happen and what you can do to stop being a passenger or an observer and get in the driver's seat…. which makes this an episode not to be missed!

Have you ever had harsh words with your spouse because of a money related issue? Love and Money are the hardest two words to fit into the same sentence! Sadly, around half of all marriages in this country end in divorce and THE biggest killer of romance is money stress! In this episode of Succeed With Money Podcast David and Carolyn look at why romance sufferers from money pressures and how to make sure your romance is not destroyed by your finances which makes this week's episode one not to be missed.

According to this week's Money Magazine newsletter, in the 1600's people struggled with the Bubonic Plague and how to pay for food and shelter every week. In 2020 people are struggling with the Coronavirus pandemic and how to pay for food and shelter every week. Not much has changed! So the question is, WHY? Why do people still have money problems/stress in 2020? In this week's Podcast David and Carolyn look at some of the blockages to being Successful with Money ..... which makes this episode one not to be missed.

You've probably heard the age-old saying, "You Can't Have Your Cake and Eat it Too!". In this week's podcast, David and Carolyn look at the question… "Is it possible to have a wickedly abundant, flamboyant, exciting, amazing, a great life, and still have money saved up for retirement?" which makes this week's episode one not to be missed.

A financial services professional said to David a few days ago that it's not uncommon to have a client say, “I need a new Credit Card because all of my current ones are full”. What this statement showed David is that there are people who actually see a Credit Card as a legitimate source of income. The question is, how did we get here?! How could someone be so financially naive (or maybe so desperate) to believe that getting yet another Credit Card is a legitimate solution to the problem of having a bunch of cards that are already maxed out... Today's Podcast episode is titled 'The Credit Card Pandemic' and it is an episode not to be missed.

If you look back through history you will find many examples of people who earned piles of money but ended up both broke and miserable. It's only a small percentage of the population who end up being able to do what they want when they want, in retirement, but the odd thing about this fact is that they are often NOT the people who earned the most money. In this podcast David and Carolyn look at what they see as THE most important ingredient in Succeeding With Money... which makes this an episode not to be missed.

Have you seen the statistics on what happens to people who win the lottery? Within 12 months 70% have very little or nothing to show for their winnings and it's common for them to actually be worse off than before they had the windfall. It begs the question, "How Much Money is Enough?" It's a great question and it's the topic for today's podcast... which makes this an episode not to be missed.

In this episode of the Succeed with Money podcast, David and Carolyn ask the question, "Do you really need to keep financial records?" and in the process look at the many different ways people attempt to take control of their money. It's a great topic! So many people keep financial records for no real benefit... which makes this an episode not to be missed.

It was once believed that Lemmings would commit mass suicide in a strange act of self-sacrifice. Of course, there is no connection between the bizarre natural phenomenon that led to this misguided belief and your success with money... or is there? Episode 34 of Succeed with Money is definitely not to be missed!

In this episode of the Succeed with Money podcast, David and Carolyn ask the question, “Are You Financially Intelligent?” So many people over the years have said to us that they were never taught about money at school, so what hope have we got of ever achieving any level of Financial Intelligence? It's a great question and it's the topic for this podcast.... which makes this an episode not to be missed.

In this episode of the Succeed with Money podcast, David and Carolyn look at how easy it is to get drawn into a debt spiral from what can appear to be 'bad luck'. The easiest way to solve any problem is to throw money at it, but there is always another option that leads to a much healthier financial outcome. This is an episode not to be missed.

Most people have locked their financial woes away in the cupboard with a big padlock and a ‘do not go there' sign. That's because Pandora's box is in there and the ‘poop' is going to hit the fan if you open it. In this week's episode of Succeed with Money, David and Carolyn interview a Spending Planner client who smashed the padlock and opened Pandora's box.

In this episode of Succeed With Money, David and Carolyn talk about Birthday Cakes, Superman, Mother Theresa and Confucius. They aim to answer the question ‘Why are there things we need to do to be successful with money that we just don't want to do...?'

It's a worrying time, and financial worries are just one element of the current pandemic crisis. In this episode, David and Carolyn talk about the pandemic and explain why they think everything is going to be OK. They cover their experiences with at least four major financial crashes, and what to expect from the future.

You can buy just about anything you want these days. Cars that think for themselves, phones that do much more than making phone calls... but do these things really make us better off? In this episode of Succeed With Money, we'll talk about how people are rethinking what's important, with possessions moving further down the list than they were before.

Sometimes, when you're unhappy with where your life is heading, you need to take a leap of faith and do something a bit out of character. That applies to financial planning as much as anything. That's exactly what Matt Jones, from the Brisbane Property Networking Group, did. In this episode of Succeed With Money, David chats with him and gets to know his story.

Clive Enever is a successful businessman and now business coach. In this episode of Success With Money, David chats to Clive about the life lessons that helped him take control of his finances and succeed in businesses. They cover advice and tips for success with money and financial planning.

There are so many hurting, confused and angry people at the moment. People who have lost total incomes, some who have lost partial incomes, some may need to apply for Government benefits, and others may need to visit Welfare agencies. In this episode of Succeed with Money, David and Carolyn look at some practical things that people can do right now that will help you to weather this current crisis.

The very thought of talking about money with your partner can strike fear into the hearts of many people. Money is a topic people avoid talking about and financial crisis is an issue that most people stuff in the closet. In this episode of Succeed with Money, David and Carolyn shine a light on the issue and talking about 10 reasons why people avoid home budgeting.

In this episode of Succeed with Money, Carolyn has a rant about how fear, shame and embarrassment are holding people back from getting the support, education, and tools they need to finally close the door to money stress. She talks about how we can move into a much brighter outlook for a permanently better financial future.

Have you ever felt like you're between a ‘Rock and a Hard Place' financially? Your financial choices have brought you to a place where you're struggling. You can't see an easy way forward, but there's no way back either. I think we've all been there! It can feel truly frustrating and like you're stuck spinning your wheels. In this episode David and Carolyn define exactly what a Rock and a Hard Place are. They give some great insights into the different reasons we can get stuck there, and how to get moving again.

Most people wish they had lots of money, but wishing doesn't deliver results, so that's about as far as the dream goes. However, there are those people who not only wish; they're prepared to do what it takes to make the wish a reality. Nhan Nguyen (Pronounced N-yung New-en) was your average Aussie uni student studying Science when he picked up and read a book that changed his direction. He dropped out of university and became a very successful property investor. For this episode of ‘Succeed With Money' David interviewed Nhan, and here is what he had to say...

In this episode Carolyn and David look at how important passion and excitement are when it comes to generating extra income. Passion is the secret ingredient that makes people succeed where success seemed almost impossible. If you can harness your passion — like all the world's successful people — you'll reap rewards that go far beyond just your finances.

Sometimes, big life events just ‘happen', and catch everyone (and their financial plans) by surprise. In this episode of the Succeed with Money podcast, David and Carolyn look at what happens when an unexpected ‘Life Happens' kind of event comes out of the blue. They talk about how to cope and how you can be better prepared for the unexpected before it happens.

In this episode of Succeed with Money, David and Carolyn look at the things that stop us from doing what we know we should do to improve our finances. We all know the simple rules that lead to wealth, but an alarmingly high number of people fail to implement. Often, this is because they get so pre-occupied with hobbies, habits, and other interests that they almost become addictions.

Over 100,000 students finished school in Australia at the end of last year. Unfortunately, many of these young adults are walking straight into a string of financial mistakes. By the time they're 20, many will have racked up more than $15,000 in debt on consumer goods. In this episode of Succeed With Money, David and Carolyn give a few sensible money tips for school leavers who are now starting out on their life journey.

As the New Year's Eve hangover fades, many of us are left with a debt hangover from the festive season that's a little harder to budge. When the credit card bill arrives in January we get our Christmas “report card” showing how well we performed... and the results often aren't pretty. In this episode of Succeed With Money, David and Carolyn look at ways to overcome the January credit card hangover and cross that money stress item off your list forever.

At the end of each financial year, we do our tax returns and find out how much we earned in the last year. And for most people, it can be scary to realise just how much money slipped through their fingers! In this episode David and Carolyn look at the question “Where did all my money go?”, and provide some really helpful insights to help answer this question. More importantly, they give some great money tips on how to take control of your expenses so next year can be your best yet.