November 9, 2025 • 39 mins
Michael Khouri & Lachlan Stuart unpack how to make money serve your life, not swallow it, with practical ways couples can reduce stress, align goals, and create simple systems that actually stick. Michael shares why outside advice shortens the path, and how to talk about cash without fights or shame.
• money as an enabler, not the finish line
• common mistakes couples make in their 30s and 40s
• why more income without structure makes things worse
• spotting real financial planners and avoiding sales traps
• starting calm money talks and naming money stories
• a simple budget framework and bank buckets
• turning a surplus into debt reduction and investing
• reducing conflict between spenders and savers
• joint vs separate finances and when to merge
• protecting time with family and scheduling what matters
Visit betterfinancialplanning.com.au to book a free 15‑minute call. Listen to Sharing More Than The Sheets on Apple Podcasts and Spotify
All information contained in this podcast is general in nature and does not consider your individual circumstances. You should consider the appropriateness of this information with regards to your individual objectives, financial situation and needs. This podcast episode is for educational purposes only. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. Past performance of financial products is no assurance of future performance. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. Michael Khouri is an Authorised Representative and Wealthness Pty Ltd ACN 613 313 250 t/a Better Financial Planning Australia is a Corporate Authorised Representative of Infocus Securities Australia Pty L
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
SPEAKER_00 (00:00):
Welcome back to the Man of the Cam project.
I am your host, LoughlinStewart, and today I have an
incredible guest, someone who isoutbeating me immensely, and
there is a little bit ofjealousy.
However, you know, we've we'veall through Michael said, I
just, you know, I just grew itthe other week.
I'm like, well, that would takeme about half a year to grow,
and I'm very, very impressed.
But very excited to have you on,Michael.
(00:22):
So Michael is joining us fromBetter Financial Planning.
And just a couple of days ago, Ijoined him on his podcast.
And it's one that I've beenlistening a lot to, and I
thought, how much value Michaelwould be able to deliver to
everyone who is listening heretoday, just around how financial
planning can improve things.
So, Michael, I wanted to kickoff.
We talk a lot about leadership,about mindset, about
(00:44):
performance, but I guess todaywe're going to dive into one of
the biggest stresses that canundo it all, and that is money.
Money.
What drew you to want to helpfamilies and couples navigate
money together, not just asnumbers, but as a part of, I
guess, the bigger life picture?
SPEAKER_01 (01:03):
That's a good question, because that's
actually something I like toshare with my clients sometimes
when I sit with them.
And it's I think it's the factthat growing up we didn't have
much.
And I learnt and I saw that ifyou don't control money, it
controls you.
And I'm taking me wrong, myparents gave us an amazing
childhood, and to us it was sofulfilled.
And even looking back, we've gotthere's literally nothing I
(01:23):
would change about it.
But it was one of those thingswhere we didn't have lots and
lots of money.
And that probably combined withthe fact that I've got an
obsession with helping people.
Like literally, I'm the guy thatwill, you know, be at a cafe and
notice something and find theowner and give him some quick
advice and tips.
Or if I've just bought a nicewatch, I'll tell everyone to get
the same watch because I lovethe watch so much.
(01:44):
So it's yeah, I think those twocombined is what drew me to it.
And I think that's probably whyI'm so passionate about it.
SPEAKER_00 (01:50):
There's two things you said that straight away just
jumped out at me.
Firstly, you didn't grow up withmuch, which made you want to
start looking in how you can notallow money to control you.
But secondly, you wouldn'tchange a single thing about your
upbringing because your parentsdid provide so much in many
other ways.
And that to me, I guess, is agreat place to start because I
(02:10):
know your mission is to helppeople do better, right?
You help families make betterfinancial uh choices so that
they can focus on the thingsthat they love.
Quite often, I know this evenfrom my own personal experience,
Michael.
I thought I had to hit a milliondollars to be successful.
I just I had never questionedwhy, but I thought if I hit that
number, life is going to beamazing.
But what I've since gone on torealize is there that's just one
(02:33):
aspect or one domain of my life.
And if all I focus on in isthat, and once again it's
important to focus on and we'lltalk about that, but if I
neglect everything else, what'sthe point?
SPEAKER_01 (02:46):
Yeah, literally, literally.
And I think what when I waslooking at that, um the the the
seven areas that that you talkabout, you know, that resonates
so much with me.
So much with me because Ihonestly, money is it's
something, don't get me wrong,but it's just a thing.
Like you could have 10 millionbucks in the bank, but unless
you've got something to do withthat money or someone to spend
it with or the health to use it,it's it's nothing.
(03:07):
It's an enabler, and that's whyI'm so passionate about money
and I help people with it.
But I also like to always saythat, you know, there's a
hundred things I could list offthe top of my head, which are
more important than money.
SPEAKER_00 (03:17):
What what do you see?
I guess some of the commonfinancial mistakes that couples
make, especially I'm not sure ifyou work with all different age
groups, but maybe people intheir 30s to 40s, they've got
young families, and I guess I'masking for myself here as well,
because I'm about to ventureinto that territory.
SPEAKER_01 (03:34):
Yes, yes.
I think to be honest with you,most of our clients are actually
in their 30s and 40s and 50s.
Well, we've got plenty in the70s and 80s as well, but I'd say
the majority are our age, Gen X,Gen Y type of thing, if if
that's what we're called.
The biggest mistake I'd say isjust probably assuming that
money is going to fix allproblems.
In that if somebody isn'tmanaging their money properly or
(03:55):
they're not keeping up withtheir expenses, for example,
just assuming that making moreis going to fix it.
Or if they've got a whole bunchof debts, just assuming that
consolidating them is just goingto fix it.
And it doesn't.
It's things like that are justnormally more of a band-aid
approach.
And and probably the other thingis just assuming that,
especially as a couple, thatthings will just fall into place
and that things will just happenby themselves without talking
about it or anything or planningit.
SPEAKER_00 (04:17):
So it's interesting to think about a couple of those
things, and I'd love to dissectthem in a moment.
I'm thinking, you know, I growwent through school, and the
idea is that if I get a trade orcomplete a university degree,
you'll be successful.
And the definition of a successfor me was financially.
However, I still see, and I'msure you see this every single
(04:39):
day, super smart people, supersuccessful people, but they're
still making ridiculously poormoney decisions.
Why do you think that is?
SPEAKER_01 (04:48):
A big part of it, I think, is growing up.
We weren't I mean, first of all,a lot of families don't talk
about money at the dinner table.
I mean, we actually didn't.
Like we as much as I say, youknow, it's it was a it was a
thing that, you know, obviouslywe wish we had more of, we
didn't talk about money.
And it's something that like myparents never taught me how to
manage money at all, you know,and it's something they we never
got taught at school.
(05:09):
So I think it's it's it's justone of those assumed things that
people or society probably justassumes that everybody is just
going to work it out.
And the other thing is sometimespeople trust the wrong people.
So there's people out there thatpretend to be experts, or they
could be, but they have anagenda, you know, and they just
assume it.
Because I'll talk to a client,they'll say, Oh, we saw a
financial planner and didn'twork out, and then as we start
(05:30):
talking, I'll find out that theyweren't actually a financial
planner, they're more of asalesperson, or there was other
there was something else there,you know.
SPEAKER_00 (05:36):
How would one figure that out?
Like if you're looking at afinancial planner or having
someone to help you guide youwith your financial decisions,
how would you separate that justfor the average person who isn't
in the industry like yourself?
SPEAKER_01 (05:49):
Yes.
These days it's a lot betterthan what it was 10 years ago,
for example.
So these days there's a lot oflegislation on who is allowed to
call themselves a financialplanner or a financial advisor,
same thing.
And there's there's a lot moretransparency, there's a lot more
regulation that's come in.
In fact, there's literallyalmost half as many advisors now
in Australia as there was fiveyears ago.
Half as many?
Literally.
There was about 30,000 advisors,now there's about 14 and a half
(06:11):
thousand advisors.
Yeah.
Just because of all thelegislation and all the things
that have come in, educationstandards.
So there's less of us now.
So these days you're probably ina lot more safer hands if
someone calls themselves afinancial planner.
But yeah, it was probably moreback then when anyone could call
themselves that and get awaywith it.
And there was commissions oninvestment products, now there
isn't.
SPEAKER_00 (06:31):
But yeah, yeah.
Interesting.
Yeah, someone's saying this isthe this is exactly where you
should put your money, andthey're getting a little back
pocket handout there.
Yeah, literally.
Interesting.
In regards to likecommunication, you said like
most families don't talk aboutit, and guilty of that for sure,
a little bit different now.
How would family go aboutapproaching that if they're if
(06:52):
they're listening to this,right?
And they're like, shit, that'sme and that's my family.
Like, how do we initiate that?
And what would I guess some ofthe best places to start around
questions or even an even a goalor a bit of a framework to help?
SPEAKER_01 (07:06):
Yeah, that's that's a really good question.
I think it's by listening togood content like yours, like my
podcast, like listening topeople that look at things from
an outsider's point of view tohelp them maybe just to start
the conversation.
The best way is to get propercoaching, to get an advisor or
to get a coach or someone that'slooking at things from the
outside and working with themone-on-one.
But the initial spot I thinkwould be to start listening to
other people, listening to otherperspectives.
(07:28):
Just because when you're in asituation, as you'd know, I'm
sort of preaching to the choirhere, but when someone's in a
situation, they're in their ownbubble, they're very biased,
they make decisions the way theythink, they you know, they just
like to a kid, everything's a ahammer in a way.
You know, like it's they justhave their way of doing things,
and sometimes they're bashingtheir head against a brick wall
and they don't realise it, andthey're just trying their way to
fix it, which they've alwaysdone, and it's always gotten
(07:50):
them to the same place, yet theystill keep doing the same thing.
SPEAKER_00 (07:54):
It's so true.
Just what's that, the definitionof insanity, right?
We need to look up and and Ifound, especially as a bloke and
majority of our audience,Michael, man, and I knew that I
had this resistance to askingfor help because I thought that
I should have had it all figuredout.
I thought that I should haveknown the answers, and that in
itself was a really bad cyclefor me to be in because I
(08:17):
prolonged the time between beingwhere I was and being where I
wanted to be, because I was too,I guess my ego or my pride was
in.
I'm like, I should should knowthis and I should figure it out.
As I've gotten older and I'veworked with coaches in different
areas, I've now realized that ifI've got a problem, first place
I'll go is you know, ChatGPT orGoogle and and find podcasts
(08:37):
like yours or people who havethe results that I'm looking for
and can start making orchallenge me to think
differently.
And then finally, if I'm stilllike I just need some support
and some personalization, I'mgonna get a coach and have them
walk me through that becausethose blind spots and those
years of conditioning are thethings that are gonna continue
to hold me back.
(08:58):
And I was thinking life's to bebloody short, money is an
important part, I want to get iton track so that m every other
area of my life can thrive.
SPEAKER_01 (09:06):
Yeah, and and honestly, like if there's any if
there's anything I'm really goodat, it's asking questions.
And for me, I even remember atschool, the teacher in primary
school, teachers used to getannoyed because I asked lots of
questions, and to this day I'mnot embarrassed to you know say
I have not, I don't understandthis, I don't know how this
works.
Can you just explain it?
If anything, I actually enjoyit.
(09:27):
I actually enjoy being like, heyguys, I don't know everything.
And it's even talking to likeexperts, like I've got there are
some of the best advisors inAustralia, literally the best
advisor in Australia, who I nowtalk to all the time, only
because I randomly messaged themone day on LinkedIn say, Hey,
look, you do this really well,I'm not very good at it.
Can you sort of just give me a f10 minutes of your time?
And they said, Yeah, of course,and we've had some chats, and
(09:47):
it's just gone from there.
And I was even like just I wasactually listening to one of
your recent episodes.
You interviewed someone, and youwere just mentioning how
initially you didn't really knowhim, and it was just through
LinkedIn.
I think you were talking to him,and I think just yeah, having
that being able to put yourwalls down because really, not
many people, unless they thinkyou're a scammer, not many
(10:07):
people are going to say no.
If anything, someone would feelprivileged that someone's gone
out of their way to say, Hey,look, can I have 10 minutes of
your time?
I just want to have a quickchat.
I need help with X, Y, and Z.
SPEAKER_00 (10:19):
I agree, that's so awesome.
And I do, it's even how weconnect it.
I know Dan connected us, uh,absolute legend.
But there are so many peoplethat I follow on different
platforms that as soon as theysay something, I'm like, I'm
giving them a high like avirtual high five and dropping
them a message because assomeone who creates content like
the both of us do, sometimes youdon't know whether it's landing,
(10:40):
whether people are listening,and then when you get those
messages, you're like, cool,this is worthwhile, or when
someone validates some of thecontent that you've done, or
even asks you questions, you'relike, I definitely want to help
people because that's why we'redoing it in the first place.
And if I can talk to someonedirectly as opposed to a
podcast, awesome.
Yeah, I'm more than happy.
And to your point, you've justgone and surrounded yourself
(11:01):
with some of the experts whohave the answers that you want,
which has helped you become moresuccessful, which has helped you
serve your clients a whole heapbetter.
On the something that poppedinto my head a moment ago when
you were talking, and I juststarted smiling was there's some
things that you're like, I justdon't even understand that.
Have you had a couple come inand and sit down with you about
their financial situation andjust start talking?
(11:23):
You're like, oh my god, I haveno idea what's going on here.
Like, there's just such a bigamount of miscommunication and
misalignment that we've got toscrap this and start again.
SPEAKER_01 (11:33):
Uh yeah, definitely.
You mean as in like I'mconfused, I've been confused by
what they're doing, and thenyeah, definitely.
And and it's usually that's whenthey've gotten advice from
different people in differentplaces.
Like I've sat with clients andthey start rattling all this
stuff off and things about aparticular share, which I
wouldn't even know.
I'm like, wow, okay, this personknows their stuff, and then then
they show me something thatthey're doing.
I'm like, okay, well, that makesno sense.
(11:54):
Why have they done that?
And then they'll then the wifewill admit something, then the
husband admits something, andthen I'll just figure out that
all they've done is they've goneand spoken to work colleagues
and friends and Googled thingsand watched videos, which is
good, but they've gone andgrabbed all these bits of advice
from different places, educatedthem a lot on one area, for
example, not much on another,forgotten another.
(12:15):
There's no strategy to anythingthat they've done.
They've gotten some advice thatdidn't suit their personal
circumstance, like maybe, youknow, like in this case, they
were in their 30s and they gotadvice off someone in their 60s,
for example.
Different life stage, differenteverything.
And there was all these, it'slike it was sort of like a
puzzle that they were trying tofit together, but they had
grabbed pieces from differentboxes, and it just wasn't
(12:36):
working.
And then, yeah, I definitely didwork out.
Hold on a second, I don'tunderstand why you've done this.
This makes no sense.
I need to look into this.
But we worked out very quicklybetween the three of us that
they needed a strategy, likethey needed something.
SPEAKER_00 (12:50):
So true.
Personal circumstance issomething that I think many of
us often overlook.
We might see things on theinternet.
As you said, we're grabbingstuff from all different boxes
and we're trying to make our ownlevel of definition of success
without actually asking whatwhat is the success that I'm
chasing and what are my currentcircumstances?
Many we all live differentlives, we all have different
(13:10):
levels of responsibility, incomeearning, potentials, outgoings,
all of that, but we just neverreally audit that.
So you're talking about strategywould be once again a nice
strategy.
And I know the first part wouldbe go see yourself or a
financial planner, but wouldthere be any simple framework
that someone who's listeningcould do to give themselves a
(13:31):
little bit of an audit or anunderstanding of maybe their
personal circumstances and whatI guess moving forward without
it obviously being financialadvice?
Yeah, no, plenty, plenty.
SPEAKER_01 (13:40):
Like the the the simple the most simplest thing
is going back to basics andhaving a budget, figuring out
what's coming in and what'sgoing out.
Most people literally have noidea.
It doesn't matter how smartsomeone is, how how much money
they earn, if you're not doingthat, the you don't even know
what you're working with.
So it's initially having thatfirst that discussion with if
it's a couple having adiscussion together, um, or if
(14:01):
it's just yourself, just askingyourself these questions and
going through it, listing yourincome, listing your expenses,
and then from there, probablyculling some of it.
Normally when I get my clientsto do what they work out,
they're paying for like fourdifferent subscriptions that
they don't even use, or they'redoubling up here.
And yeah, I even had it theother day, like I ended up
finding out I had some sort ofscriptscription that was going
through my Apple, but I also hadit through Telstra, I think,
(14:23):
through my Telstra bill.
And I was like, you know,literally, I was double dipping,
you know, and my budget's liketight, you know, it's it's not
tight, but it's it's prettyoiled up.
But it was it's it's justsitting down and going through
that first of all, just to workout what's going in, what's
going out.
Okay, and then from there they'dwork out are they in a deficit?
So are they every week, do theyare they in in the red or are
(14:44):
they in the green?
If they're in the red, they needto obviously increase their
income, which isn't usually aseasy as said, but they need to
also potentially reduce theirexpenses.
If they're in the green, or oncethey are in the green, it's then
working out what are we doing.
First of all, are we surprisedby the surplus?
Usually it's a yes.
When I show couples, they've gotlike a surplus of two grand a
month and they're like, where isthis going?
(15:04):
But working out what thatsurplus is, making sure it's
real, so maybe running thebudget for a few months and
giving it a trial in casesomething's been forgotten, and
then working out what to do withthat surplus.
Okay, do we invest it, do we buyproperty, do we chuck it into
shares, put it into super, payoff the mortgage, put it into
savings, and just to work, andthat's where having advice
helps, but just working out whatto do with that money instead of
just having it sit there.
(15:27):
And then once they've got thatstructure, the simplest way
would be to have different typesof bank accounts, so like having
like a bills account, having aspending account.
I don't know if you've noticed,I've I haven't I think I've only
said the word budget once,because when most people think
of budgeting, they think ofcomplicated spreadsheets, they
think of they think of beingrestricted, you know.
And when I think of budgeting, Ithink of structure.
(15:49):
I think of having a reallysimple process in place where
someone's not restricted andit's not complicated because not
many people like complicated,not many people like being
restricted.
And in a relationship, sometimesyou'll see someone, it's
normally the engineer in therelationship or the technical
person that loves a complicatedspreadsheet, and the other
person just gets anxiety justlooking at it.
(16:11):
Yep.
Then you've got the spender andthen you've got the saver, and
you know, and it's the idea of abudget is it puts everyone on
the same page and having thatstructure so that you know where
things are going.
Because without that, it's thesmall expenses that fall between
the cracks, and that's whensometimes at the end of the
month, they're like, Where's allthe money going?
And they don't know where it'sgoing, and they literally can't
figure it out because they'vegot everything coming in out of
(16:31):
the one place.
SPEAKER_00 (16:33):
What would you say is the best way to get couples
to be able to, I guess, get thisstructure or even learn to start
talking about money withoutfighting?
Because I can imagine youmentioned a few things there,
you've got the spenders, you'vegot the savers, you've got the
people who love the complicatedspreadsheet, the other person
who gets overwhelmed by thecomplicated spreadsheet.
And if you're looking at onething without, I guess, getting
(16:55):
on the same page, I can see thatthere can be a little bit of
tension and potentiallyarguments or even just head in
the sand kind of business.
From what you've experienced,what would be some great ways to
help couples talk about moneywithout the fighting?
SPEAKER_01 (17:09):
Two things I'd say.
One is to do it as early aspossible.
I'm a big advocate that couplesshould do it when they first get
together.
Like that's literally the wholetitle of my podcast.
(17:38):
So they're the spenders, they'rethe ones that usually grow up
with money, potentially.
And money to them equals freedomand they're the spenders in the
relationship.
To others, money equalssecurity.
They could be the ones thatdidn't grow up with much,
they're the savers, they're theones that will have a hundred
grand just sitting in the bankdoing nothing.
They don't know why it's justthere.
Because it helps them sleep atnight.
And acknowledging that neitheris right or wrong.
Um, neither is usually the maleor the female, it could be the
(17:59):
other way around.
And that it's both that there'snot there's nothing wrong with
both of those, but it's abouthaving a structure or a process
in place so that they can movetogether forward, you know.
And as soon as you do that, itmakes it a lot easier because
it's like someone telling theother person, I don't know, it's
like talking to someone withADHD and saying, Why can't you
focus?
(18:19):
It's like because they can'tfocus for more than 10 seconds,
you know.
Well, it's a and it's the samething with spending and saving
because what does happen is whensomeone does like they're two
different extremes.
And the spender, for example, ifthey happen to agree to having a
really strict budget, it maylast a week or a month, but it
usually falls apart and itcauses a lot of tension.
(18:40):
And same the other way around.
This is a person that reallywants to save.
If they're not saving, theymight be they might be able to
bite their tongue for a coupleof months, but eventually it
causes issues.
So that's that's a big part,just acknowledging that
everyone's different.
SPEAKER_00 (18:53):
And even on that, to add to that, that's essentially
to me, it sounds like that couldpotentially drive a wedge
between between partners,essentially.
So would that be, I guess, awarning sign, and would there be
any other warning signs thatthere is a I guess a financial
wedge being thrown betweencouples?
SPEAKER_01 (19:10):
So many, so many.
It's it's it's it's a good verygood question.
And I would say everyrelationship's different.
To some people it could be justspending lots of money.
One of them it could be, youknow, like arguments about
bills, arguments about who'spaying for what.
It could be just the anxiety oftalking about money.
So to some men or women, they'llliterally get anxiety just
(19:31):
talking about the topic.
Like, you know, like forexample, my wife to this day is
still convincing me to clean outour garage.
I want to clean out the garage,but I I need a whole day to do
it properly.
But even just talking about itstresses me out because I'm
like, oh, okay, I'll we're gonnaget to it, we're gonna get, you
know, and it's and it's not it'sjust cleaning out the garage.
I know how to do it, but andit's not that bad, but it's just
(19:52):
the talking about it gives meanxiety, just and it and I can
just imagine a lot of men andwomen they get anxiety literally
just talking about money becauseA, they never talked about it,
B, there could be issues there,and that could sometimes be a
sign that they just don't wantto talk about it.
And that's where it helps tohave someone come in from the
outside, like an out a thirdparty.
And I've had literally the mostsmartest one of my clients is a
(20:15):
financial planner.
I mean, he's got me there to sitdown with him and his wife as a
third person to come in becausehe they both know whatever I say
is not connected to emotion.
Like if someone's wrong, I'mgonna say, no, that's wrong.
This is right, this is wrong,this is how you should do it.
There's no bias.
I don't tell them what to do,obviously, it's their decision,
but it's my job to look atthings from the outside.
So having someone come to lookat things from the outside
(20:37):
helps.
But yeah, I think just thearguments about money, the
obvious things where just goingback to what I said at the
start, a lot of couples justassume they need to earn more
money, and that's just gonna fixeverything.
But usually there's somethingelse going on.
SPEAKER_00 (20:49):
And the and the trade-off with earning more, and
I see it all the time with themen that I work with, is they're
winning on paper, but the otherareas of their life are falling
apart.
So to earn more, you'regenerally giving more time,
longer hours, stressful ifyou're creating leverage through
bringing on staff or management,whatever it is, and that then
robs you of you know peace whenyou're at home, and it impacts
(21:10):
your relationship or your sparetime or your lifestyle or your
health, and that also can impactthe relationship, and it's this
this circle.
So I think as you said, it's notalways the most important
decision.
So you need to understand why itwould be beneficial to earn more
money as opposed to bringingback your lifestyle a little bit
to keep what's importantimportant, and everyone's
(21:33):
different for sure, but yeah, Ithink there's it's definitely
very important to bring someonein for that third party, no
emotional connection tohighlight a few things for for
people, that's for sure.
I'll show you guys.
SPEAKER_01 (21:46):
I just wanted to say on that note, like I always
remind myself and my wife, Ineed my wife to always remind me
of this as well as well, thatyou know, we're working for our
families at the end of the day.
And if you talk to anyone thatthey're working for their
families, and what's the pointof working for your family if
you're not seeing your family?
You know, so I think that's Ialways think of that if
literally every single week.
I think, okay, I'm doing thisfor them.
(22:07):
So Yeah, I'm pretty sure thekids would rather be homeless
and have their dad hanging outwith them than being like a$20
million home and not see theirdad four days a week.
SPEAKER_00 (22:17):
It's crazy how common people hear that, and
even men will hear that wheretheir partner's like, look, I'd
rather earn less and have youhome than you constantly coming
home stressed and being pissedoff or being lethargic and
overweight and just like theywant you.
SPEAKER_01 (22:34):
I read this thing on Facebook or I think it was
before Facebook, whatever it wasbefore MySpace.
There was something I read.
My face, not Bivo.
I read something years ago.
Years ago, years ago I'll neverforget this.
And it's literally my worstnightmare.
If my son's my son's gonnalisten to this and say it to me
now, just to piss me off.
But anyway, it's it's a kid thatwent up to his dad and said, Hey
dad, how much do you earn?
You know, what do you do forwork?
(22:55):
He goes, I do all these things,I consult, you know, celebrities
and hot really famous people andexecutives.
And he goes, How much do you howmuch do you charge?
He goes, I charge you know 400bucks an hour.
He goes, Oh, that yeah, reallycool, Dad.
Okay.
And then you came to him, hegoes, Oh dad, can I have a
hundred bucks?
He goes, Yeah, sure.
You gave it to him.
He goes, What do you want themoney for?
And you gave it back to him.
He goes, Oh, can I have 15minutes of your time?
(23:15):
And to me, that's so powerful.
Like, I'm getting emotional justthinking about it now.
And it's like, you know, it'sour kids are our biggest, like
that should be our focus.
I know we have to work, but howmany times do we put that before
that?
You know, like it's crazy.
And that was literally at least15 years ago that I read that,
but to this day I still thinkabout it.
SPEAKER_00 (23:36):
It hits like, and this is where I think what you
do is so important, and even toa lesser degree what I do, when
we're reminding people of whythey're actually doing what
they're doing.
You said, you know, we'reworking for our families, which
is true, and it's very easy thatwhen you spend X amount of time
in a place and generally wespend a fair amount of time at
(23:56):
work, it does become allconsuming because wherever we
are or whatever we're doing,moderation tends to disappear
just because of time inproximity.
So that's where it's good to bepulled back and just be like,
look, there is more to you,there's more things happening in
your life outside of work.
How much money is enough?
Like, and what does that looklike for you and your specific
(24:18):
personal circumstances, as wewere saying earlier?
An area that I'm also interestedin is like what's one thing or
even a couple of things that youwish that couples knew about
like joint and separatefinances?
Because I always hear differentthings around this, and I'm I'm
just curious to see what I guesswhether it's data or
(24:39):
conversations that you've hadwith people around yeah, whether
everyone goes all in on jointfinances or you have separate or
what that could potentially looklike.
SPEAKER_01 (24:48):
Yeah, so this is actually a big it actually is a
big topic that comes up a lotbecause I'll sit with a couple
sometimes that's doing itcompletely separate, and
sometimes they've been togetherfor like 10 years and they've
got kids and everything, and youknow, and but they still have
their own bank accounts andsomeone pays for this, someone
pays for that.
And then you've got some whohave gone all in straight away
and had issues and it didn'twork out and whatever.
(25:10):
And in a perfect world, you'dhave both together.
And the reason for that, and andthat's what we all everyone, all
couples I feel should strivefor, having everything together.
And the reason it's the perfectscenario is because you're
basically working together, likethat budget that I explained to
you.
You know, when you list yourincome and expenses, you've got
both your incomes, you've gotall your expenses, and you're
working together as a team.
(25:31):
And two people working onsomething together is better
than two.
It's like I I always give thescenario of a kitchen.
You can have two head chefs, oryou can have one head chef in
the kitchen.
It's going to be a lot moreefficient having one head chef,
one strategy, one person there.
And at the end of the day, itall goes into the same pot
anyway, even if you are doingthings separately.
So it is a lot easier to manageif it is together.
(25:52):
A lot of couples I talk to thathave probably come out of a
separation or maybe in general.
I had a mate once that was withhis girlfriend for like 10 years
and didn't want to get married.
She wanted to get married, hedidn't.
And I started asking him why.
And he was just worried that shewas going to take his money.
I was like, Do you want to havekids?
And he said, Yeah.
And we were young, like we wereearly 20s, you know, by the way.
(26:13):
So sorry, mid-20s, if he waswith her for 10 years.
I'd say we were mid-20s.
And I asked him, like, do youwant to have kids with her?
He's like, Yeah, yeah.
I'm like, how soon?
I was like, Yeah, straight away.
I'm like, okay, well, if youyou're willing to share kids
together, why are you too scaredto share money?
Like, what's more important?
It's like, yeah, that's true.
And as soon as I said that,yeah, I think it clicked.
Um, a year later they gotengaged.
I don't know if that was thereason.
(26:34):
Probably not, but claim it.
Literally, you know, and it'sit's probably realizing that
thing, okay.
What's the worst that can happenas well?
That's now put certain scenariosaside where there could be, you
know, abuse and addiction andother th other more complex
matters.
If we're just looking at it in avery basic scenario, you know,
what's the worst that couldhappen?
(26:55):
You know, worst case, threemonths later, you run out of
money, you think this was aterrible idea, and you separate
again, you know, you separateyour money again separately.
And because if you're livingtogether, you've got most of the
same bills.
You know, and but saying that,the rule I would say, and the
best way to before you do thatis to have a budget first.
Make sure you're on the samepage and make sure you've got a
(27:17):
strategy as to where things willgo, have that bills account,
have that spending account.
Because, yeah, of course, if youshove everything together and
you don't have a plan, it'sliterally setting yourself up
for failure.
SPEAKER_00 (27:29):
Yeah, I I agree with you.
My wife and I, we have all ofour stuff together because I I
would just it's just more workhaving to be like, oh, can you
transfer me for this or transferit's like because it just brings
tension to the relationship,it's just like put it all in one
pot.
You have the same common goals.
Like my wife and I know whatwe're building towards over the
next decade and all of that interms of our financial position.
(27:52):
And you know, we obviously bothrun our own businesses, so you
know what we get paid, and allof those sorts of things.
So just for me, I just try toremove as much friction and
additional conversations oractions as possible for my
financial life, so you sort ofcan check it every week, and
it's very consistent becausethere's processes in place and
(28:12):
we're working towards the samesame thing.
So yeah, I'm very interestedbecause there, as you've said,
there's some people who justwant to keep it separate, which
each to their own, but for mepersonally, it just adds more
stress and frustration to mylife.
It it does.
SPEAKER_01 (28:27):
And the other thing as well is it's like in in a lot
of relationships, let's behonest, it's actually there are
very little relationships whereboth people earn the same thing.
You can have a stay-at-home mum,you can have a stay-at-home dad,
you can have someone that'searning$300,000 a year and the
other person earns 80.
Like my wife is a stay-at-homemum, she's like she's got like a
small business and just shedabbles in that, and you know,
(28:47):
it's more of a passion for herthan anything else.
But I always say that she worksharder than me, and she
contributes, I would say, moreto our family than I do, you
know, because you know, it's notfinancial, it's everything else.
But A, I can't do what I dowithout her.
And secondly, even if I could,I'd still say she contributes
more anyway, you know.
So so it's also couples gettinga getting around that idea as
(29:11):
well, because sometimes thereluctance is that it's like one
person is earning a hundredgrand a year, one person's
earning three hundred thousanddollars a year, and the person
earning more says, Oh, it's notfair if we put it all together
because I'm earning more.
SPEAKER_00 (29:23):
Yeah, okay.
But that yeah, as you said, it'sone metric, and that's I think
it's so important to make theother domains of your life
tangible because it's very easyfrom like a health perspective,
we can track our weight or howmuch we're lifting or how fast
we're running.
Finance is the same thing.
It's like, are we earning morethan we're spending, or vice
versa?
And then obviously work hours,but many other areas like
(29:45):
relationship or investing in thefamily, many people don't really
make that tangible, it's just itjust happens.
But if you think about for me,if I'm making a relationship
tangible, there's things that wedid initially in a relationship
that make made the couple fallin love with each other.
You know, that for me, forexample, driving down from
Toomba, driving two hours acouple of nights a week, even
(30:07):
though I was working as a chippyin Toowomba, getting up at 4
a.m., driving back to start workat six, like that's an
investment and that's an action.
That's an act of giving.
And so then I look back to,well, as relationships we get
more responsibility, which meansit's very easy to sacrifice the
things that were important inthe relationship, the morning
walks, the date nights or thedate days or the random flowers
(30:28):
and those things.
And that's where I'd go, okay,if I wanted to keep my
relationship, you know, the vibealive and all that, I'd go back
to what are some things that Icould do that I could track and
then I could gain anunderstanding of is that moving
my direction in a myrelationship in a better
direction?
Or is it making it worse?
SPEAKER_01 (30:45):
Yes, yes.
And I actually had a um marriagecounsellor on the podcast the
other day and something she saidis always be dating.
Yes.
And I think of that now alwaysbe dating.
It makes sense, you know, likeit's it's yeah doing those
things and understanding what alove language is like I only
figured out I only heard aboutlove languages like five years
ago.
But it just hit me how like oneperson love their love language
could be active giving.
(31:05):
They love gifts.
For one person it could behugging for one person it could
be providing, you know and mywife and I have very different
love languages.
It's if you know the otherperson's love language and
you're always dating then Yeahit's yeah those things don't
seem so silly you know no not atall.
SPEAKER_00 (31:23):
I think you're spot on there's always going to be
tools and things that we can doand across the park.
Even a stat for men is recentlycame out that we should be
having two catch-ups a week withwith our with our mates.
SPEAKER_01 (31:36):
Yeah.
SPEAKER_00 (31:37):
I wonder how many men actually do that.
I know I don't and I work in thespace and I'm very aware of it.
I get to catch up with a lot ofpeople but just hanging out with
my mates in whatever contexttwice a week that's insane.
Yeah.
Right?
And so there's things that wecan do to make tangible we then
just have to that comes back toand it does influence and this
(31:58):
is where integration of thedomains rather than the
isolation of the domains is likeokay if I were to be able to do
that how do I need to set mylife up from a financial
standpoint from the flexibilitywith my time or my career to the
trust and love that I have in mymarriage to be able to say I
want to start catching up withmy mates once or twice a week.
(32:20):
Is that okay?
And can I afford to do that andyou know is that worthwhile like
that's where we have to startthinking and it's what I'm
always thinking about becauseotherwise it's very easy to just
go I need to earn more money andsometimes it's not about earning
more money it's maintaining whatyou earn and getting time back
or leverage in other ways.
SPEAKER_01 (32:37):
Yeah I I've been so passionate about time management
in the last probably I meanprobably since I've had my
business so for the last eightnine years.
Yep.
Because it's like even like Istarted Pilates a year and a
half ago for example and I'mliterally one of the most
busiest people I know I knoweveryone's busy but I'm really
busy and but I still manage togo three times a week how do I
do it it's in my diary.
(32:58):
Like I put it in my diary threedays a week 8 30 in the morning
I'm there.
Doesn't matter what it is I'mthere.
My wife and I every um actuallytoday we're catching it we're
going out for lunch together youknow so we have we make sure
every week we have a datetogether a couple of hours
through two three hours lunchcoffee something just being
together so I think putting itin your diary as stupid as that
sounds like for me anywayeveryone's different but for me
(33:19):
it's helped having it there andbecause otherwise it'll just
it's just one of those thingsyou'll always you'll just get
around it and if you just expectto get around it you normally
don't get around to doing it.
It just doesn't happen.
SPEAKER_00 (33:30):
Bot on make time for what matters it's super
important.
Like you can tell someone whatthey value by looking at their
calendar and if they don't havea calendar you're like well
we've got some work to do.
Let's start there.
That's a great first step.
If I guess if you had onefinancial principle or piece of
(33:51):
advice that you would want toleave people who are listening
to this today, what would thatbe?
SPEAKER_01 (33:57):
One piece of advice I would say that's just too hard
to narrow it down for someonelike me that just likes to talk
about everything.
SPEAKER_00 (34:04):
Even if we made it around like financial principles
or finances and the work thatyou do that could better improve
that domain of their life.
SPEAKER_01 (34:13):
Yeah I would say get help get get advice get external
advice get an external person tolook at your situation and I'm
not just saying that as afinancial planner because I'm I
might sound it sound a bitbiased but it really is
important.
Like there's having a coach youknow you know it's I had I had a
business coach three years agofor six months it was the best
thing I ever did probably a yearactually I think I had him for
(34:35):
it was the best thing I everdid.
So having someone help you fromthe outside could be a friend
that you really trust you knowthat you know won't be biased it
could be an advisor it could bea coach it could be someone but
have someone look at things fromthe outside because I always say
even the best you know even thebest player in the world has a
coach.
Even coaches have coaches evenon my podcast the other day you
(34:59):
mentioned blind spots you knowso e even the best race car
driver has blind spots.
So have someone look at thingsfrom the outside because we like
as people you know we alwaysthink that we know what's best
but usually we're missing themark and very rarely do I ever
sit down with a couple that knoweverything or have everything
sorted.
I'd probably say 99% of the timethere's something big that
(35:20):
they've missed or somethingsmall that it is big and and
sometimes that one thing canjust change everything
everything everything.
SPEAKER_00 (35:29):
I love it great advice and an easy actionable
step for people to implementwhere can people find you
Michael like if they'relistening and they're like okay
well I'm keen to get somefeedback and have a yarn and see
what that could potentially looklike where's the best places for
people to go and what wouldthose next steps look like I'd
probably say just to visit thewebsite and just I've got a
(35:50):
calendar an online calendar andthey can book a free 15 minute
phone chat just to have a chatand in that first call I like to
at least just work out if I canhelp that person uh whether
we're a good fit.
SPEAKER_01 (35:59):
If not I'll at least point them in the right
direction.
If so we'll organise anappointment to do like a full
health check together.
Yep.
So betterfinancialplanning.comdot au and secondly the podcast
I'd say just good place tostart.
It's called sharing more thanthe sheets.
SPEAKER_00 (36:15):
It's on Apple Podcast Spotify all that stuff
and it's yeah it's a big passionproject of mine as I'm sure like
literally what this is for youas well it's just talking about
these things putting good newsout there good ideas good advice
awesome well that's MichaelCurry ladies and gentlemen as he
said sharing more than thesheets it is a really good
podcast I've listened to I thinkI'm up to six episodes now
(36:38):
they're super easy to listen toand I always take away one or
two things that leave me wantingmore information or I'm able to
start having those conversationsaround that household.
So thank you so much for yourtime today.
SPEAKER_01 (36:49):
It's been awesome thank you thank thank thank you
so much for having me on andkeep up the amazing work Lochlin
honestly like as even justlistening to your podcast and
just everything you've beengoing through over the years and
the just even what you did earlythis year it's it's crazy.
It's crazy.
So it's it's inspiring to behonest with you.
I'm not going to run a marathonbut it's still inspiring.
I appreciate it.
(37:09):
Thank you so much.
Thank you.
Welcome back to the Man of the Cam project.
I am your host, LoughlinStewart, and today I have an
incredible guest, someone who isoutbeating me immensely, and
there is a little bit ofjealousy.
However, you know, we've we'veall through Michael said, I
just, you know, I just grew itthe other week.
I'm like, well, that would takeme about half a year to grow,
and I'm very, very impressed.
But very excited to have you on,Michael.
(00:22):
So Michael is joining us fromBetter Financial Planning.
And just a couple of days ago, Ijoined him on his podcast.
And it's one that I've beenlistening a lot to, and I
thought, how much value Michaelwould be able to deliver to
everyone who is listening heretoday, just around how financial
planning can improve things.
So, Michael, I wanted to kickoff.
We talk a lot about leadership,about mindset, about
(00:44):
performance, but I guess todaywe're going to dive into one of
the biggest stresses that canundo it all, and that is money.
Money.
What drew you to want to helpfamilies and couples navigate
money together, not just asnumbers, but as a part of, I
guess, the bigger life picture?
SPEAKER_01 (01:03):
That's a good question, because that's
actually something I like toshare with my clients sometimes
when I sit with them.
And it's I think it's the factthat growing up we didn't have
much.
And I learnt and I saw that ifyou don't control money, it
controls you.
And I'm taking me wrong, myparents gave us an amazing
childhood, and to us it was sofulfilled.
And even looking back, we've gotthere's literally nothing I
(01:23):
would change about it.
But it was one of those thingswhere we didn't have lots and
lots of money.
And that probably combined withthe fact that I've got an
obsession with helping people.
Like literally, I'm the guy thatwill, you know, be at a cafe and
notice something and find theowner and give him some quick
advice and tips.
Or if I've just bought a nicewatch, I'll tell everyone to get
the same watch because I lovethe watch so much.
(01:44):
So it's yeah, I think those twocombined is what drew me to it.
And I think that's probably whyI'm so passionate about it.
SPEAKER_00 (01:50):
There's two things you said that straight away just
jumped out at me.
Firstly, you didn't grow up withmuch, which made you want to
start looking in how you can notallow money to control you.
But secondly, you wouldn'tchange a single thing about your
upbringing because your parentsdid provide so much in many
other ways.
And that to me, I guess, is agreat place to start because I
(02:10):
know your mission is to helppeople do better, right?
You help families make betterfinancial uh choices so that
they can focus on the thingsthat they love.
Quite often, I know this evenfrom my own personal experience,
Michael.
I thought I had to hit a milliondollars to be successful.
I just I had never questionedwhy, but I thought if I hit that
number, life is going to beamazing.
But what I've since gone on torealize is there that's just one
(02:33):
aspect or one domain of my life.
And if all I focus on in isthat, and once again it's
important to focus on and we'lltalk about that, but if I
neglect everything else, what'sthe point?
SPEAKER_01 (02:46):
Yeah, literally, literally.
And I think what when I waslooking at that, um the the the
seven areas that that you talkabout, you know, that resonates
so much with me.
So much with me because Ihonestly, money is it's
something, don't get me wrong,but it's just a thing.
Like you could have 10 millionbucks in the bank, but unless
you've got something to do withthat money or someone to spend
it with or the health to use it,it's it's nothing.
(03:07):
It's an enabler, and that's whyI'm so passionate about money
and I help people with it.
But I also like to always saythat, you know, there's a
hundred things I could list offthe top of my head, which are
more important than money.
SPEAKER_00 (03:17):
What what do you see?
I guess some of the commonfinancial mistakes that couples
make, especially I'm not sure ifyou work with all different age
groups, but maybe people intheir 30s to 40s, they've got
young families, and I guess I'masking for myself here as well,
because I'm about to ventureinto that territory.
SPEAKER_01 (03:34):
Yes, yes.
I think to be honest with you,most of our clients are actually
in their 30s and 40s and 50s.
Well, we've got plenty in the70s and 80s as well, but I'd say
the majority are our age, Gen X,Gen Y type of thing, if if
that's what we're called.
The biggest mistake I'd say isjust probably assuming that
money is going to fix allproblems.
In that if somebody isn'tmanaging their money properly or
(03:55):
they're not keeping up withtheir expenses, for example,
just assuming that making moreis going to fix it.
Or if they've got a whole bunchof debts, just assuming that
consolidating them is just goingto fix it.
And it doesn't.
It's things like that are justnormally more of a band-aid
approach.
And and probably the other thingis just assuming that,
especially as a couple, thatthings will just fall into place
and that things will just happenby themselves without talking
about it or anything or planningit.
SPEAKER_00 (04:17):
So it's interesting to think about a couple of those
things, and I'd love to dissectthem in a moment.
I'm thinking, you know, I growwent through school, and the
idea is that if I get a trade orcomplete a university degree,
you'll be successful.
And the definition of a successfor me was financially.
However, I still see, and I'msure you see this every single
(04:39):
day, super smart people, supersuccessful people, but they're
still making ridiculously poormoney decisions.
Why do you think that is?
SPEAKER_01 (04:48):
A big part of it, I think, is growing up.
We weren't I mean, first of all,a lot of families don't talk
about money at the dinner table.
I mean, we actually didn't.
Like we as much as I say, youknow, it's it was a it was a
thing that, you know, obviouslywe wish we had more of, we
didn't talk about money.
And it's something that like myparents never taught me how to
manage money at all, you know,and it's something they we never
got taught at school.
(05:09):
So I think it's it's it's justone of those assumed things that
people or society probably justassumes that everybody is just
going to work it out.
And the other thing is sometimespeople trust the wrong people.
So there's people out there thatpretend to be experts, or they
could be, but they have anagenda, you know, and they just
assume it.
Because I'll talk to a client,they'll say, Oh, we saw a
financial planner and didn'twork out, and then as we start
(05:30):
talking, I'll find out that theyweren't actually a financial
planner, they're more of asalesperson, or there was other
there was something else there,you know.
SPEAKER_00 (05:36):
How would one figure that out?
Like if you're looking at afinancial planner or having
someone to help you guide youwith your financial decisions,
how would you separate that justfor the average person who isn't
in the industry like yourself?
SPEAKER_01 (05:49):
Yes.
These days it's a lot betterthan what it was 10 years ago,
for example.
So these days there's a lot oflegislation on who is allowed to
call themselves a financialplanner or a financial advisor,
same thing.
And there's there's a lot moretransparency, there's a lot more
regulation that's come in.
In fact, there's literallyalmost half as many advisors now
in Australia as there was fiveyears ago.
Half as many?
Literally.
There was about 30,000 advisors,now there's about 14 and a half
(06:11):
thousand advisors.
Yeah.
Just because of all thelegislation and all the things
that have come in, educationstandards.
So there's less of us now.
So these days you're probably ina lot more safer hands if
someone calls themselves afinancial planner.
But yeah, it was probably moreback then when anyone could call
themselves that and get awaywith it.
And there was commissions oninvestment products, now there
isn't.
SPEAKER_00 (06:31):
But yeah, yeah.
Interesting.
Yeah, someone's saying this isthe this is exactly where you
should put your money, andthey're getting a little back
pocket handout there.
Yeah, literally.
Interesting.
In regards to likecommunication, you said like
most families don't talk aboutit, and guilty of that for sure,
a little bit different now.
How would family go aboutapproaching that if they're if
(06:52):
they're listening to this,right?
And they're like, shit, that'sme and that's my family.
Like, how do we initiate that?
And what would I guess some ofthe best places to start around
questions or even an even a goalor a bit of a framework to help?
SPEAKER_01 (07:06):
Yeah, that's that's a really good question.
I think it's by listening togood content like yours, like my
podcast, like listening topeople that look at things from
an outsider's point of view tohelp them maybe just to start
the conversation.
The best way is to get propercoaching, to get an advisor or
to get a coach or someone that'slooking at things from the
outside and working with themone-on-one.
But the initial spot I thinkwould be to start listening to
other people, listening to otherperspectives.
(07:28):
Just because when you're in asituation, as you'd know, I'm
sort of preaching to the choirhere, but when someone's in a
situation, they're in their ownbubble, they're very biased,
they make decisions the way theythink, they you know, they just
like to a kid, everything's a ahammer in a way.
You know, like it's they justhave their way of doing things,
and sometimes they're bashingtheir head against a brick wall
and they don't realise it, andthey're just trying their way to
fix it, which they've alwaysdone, and it's always gotten
(07:50):
them to the same place, yet theystill keep doing the same thing.
SPEAKER_00 (07:54):
It's so true.
Just what's that, the definitionof insanity, right?
We need to look up and and Ifound, especially as a bloke and
majority of our audience,Michael, man, and I knew that I
had this resistance to askingfor help because I thought that
I should have had it all figuredout.
I thought that I should haveknown the answers, and that in
itself was a really bad cyclefor me to be in because I
(08:17):
prolonged the time between beingwhere I was and being where I
wanted to be, because I was too,I guess my ego or my pride was
in.
I'm like, I should should knowthis and I should figure it out.
As I've gotten older and I'veworked with coaches in different
areas, I've now realized that ifI've got a problem, first place
I'll go is you know, ChatGPT orGoogle and and find podcasts
(08:37):
like yours or people who havethe results that I'm looking for
and can start making orchallenge me to think
differently.
And then finally, if I'm stilllike I just need some support
and some personalization, I'mgonna get a coach and have them
walk me through that becausethose blind spots and those
years of conditioning are thethings that are gonna continue
to hold me back.
(08:58):
And I was thinking life's to bebloody short, money is an
important part, I want to get iton track so that m every other
area of my life can thrive.
SPEAKER_01 (09:06):
Yeah, and and honestly, like if there's any if
there's anything I'm really goodat, it's asking questions.
And for me, I even remember atschool, the teacher in primary
school, teachers used to getannoyed because I asked lots of
questions, and to this day I'mnot embarrassed to you know say
I have not, I don't understandthis, I don't know how this
works.
Can you just explain it?
If anything, I actually enjoyit.
(09:27):
I actually enjoy being like, heyguys, I don't know everything.
And it's even talking to likeexperts, like I've got there are
some of the best advisors inAustralia, literally the best
advisor in Australia, who I nowtalk to all the time, only
because I randomly messaged themone day on LinkedIn say, Hey,
look, you do this really well,I'm not very good at it.
Can you sort of just give me a f10 minutes of your time?
And they said, Yeah, of course,and we've had some chats, and
(09:47):
it's just gone from there.
And I was even like just I wasactually listening to one of
your recent episodes.
You interviewed someone, and youwere just mentioning how
initially you didn't really knowhim, and it was just through
LinkedIn.
I think you were talking to him,and I think just yeah, having
that being able to put yourwalls down because really, not
many people, unless they thinkyou're a scammer, not many
(10:07):
people are going to say no.
If anything, someone would feelprivileged that someone's gone
out of their way to say, Hey,look, can I have 10 minutes of
your time?
I just want to have a quickchat.
I need help with X, Y, and Z.
SPEAKER_00 (10:19):
I agree, that's so awesome.
And I do, it's even how weconnect it.
I know Dan connected us, uh,absolute legend.
But there are so many peoplethat I follow on different
platforms that as soon as theysay something, I'm like, I'm
giving them a high like avirtual high five and dropping
them a message because assomeone who creates content like
the both of us do, sometimes youdon't know whether it's landing,
(10:40):
whether people are listening,and then when you get those
messages, you're like, cool,this is worthwhile, or when
someone validates some of thecontent that you've done, or
even asks you questions, you'relike, I definitely want to help
people because that's why we'redoing it in the first place.
And if I can talk to someonedirectly as opposed to a
podcast, awesome.
Yeah, I'm more than happy.
And to your point, you've justgone and surrounded yourself
(11:01):
with some of the experts whohave the answers that you want,
which has helped you become moresuccessful, which has helped you
serve your clients a whole heapbetter.
On the something that poppedinto my head a moment ago when
you were talking, and I juststarted smiling was there's some
things that you're like, I justdon't even understand that.
Have you had a couple come inand and sit down with you about
their financial situation andjust start talking?
(11:23):
You're like, oh my god, I haveno idea what's going on here.
Like, there's just such a bigamount of miscommunication and
misalignment that we've got toscrap this and start again.
SPEAKER_01 (11:33):
Uh yeah, definitely.
You mean as in like I'mconfused, I've been confused by
what they're doing, and thenyeah, definitely.
And and it's usually that's whenthey've gotten advice from
different people in differentplaces.
Like I've sat with clients andthey start rattling all this
stuff off and things about aparticular share, which I
wouldn't even know.
I'm like, wow, okay, this personknows their stuff, and then then
they show me something thatthey're doing.
I'm like, okay, well, that makesno sense.
(11:54):
Why have they done that?
And then they'll then the wifewill admit something, then the
husband admits something, andthen I'll just figure out that
all they've done is they've goneand spoken to work colleagues
and friends and Googled thingsand watched videos, which is
good, but they've gone andgrabbed all these bits of advice
from different places, educatedthem a lot on one area, for
example, not much on another,forgotten another.
(12:15):
There's no strategy to anythingthat they've done.
They've gotten some advice thatdidn't suit their personal
circumstance, like maybe, youknow, like in this case, they
were in their 30s and they gotadvice off someone in their 60s,
for example.
Different life stage, differenteverything.
And there was all these, it'slike it was sort of like a
puzzle that they were trying tofit together, but they had
grabbed pieces from differentboxes, and it just wasn't
(12:36):
working.
And then, yeah, I definitely didwork out.
Hold on a second, I don'tunderstand why you've done this.
This makes no sense.
I need to look into this.
But we worked out very quicklybetween the three of us that
they needed a strategy, likethey needed something.
SPEAKER_00 (12:50):
So true.
Personal circumstance issomething that I think many of
us often overlook.
We might see things on theinternet.
As you said, we're grabbingstuff from all different boxes
and we're trying to make our ownlevel of definition of success
without actually asking whatwhat is the success that I'm
chasing and what are my currentcircumstances?
Many we all live differentlives, we all have different
(13:10):
levels of responsibility, incomeearning, potentials, outgoings,
all of that, but we just neverreally audit that.
So you're talking about strategywould be once again a nice
strategy.
And I know the first part wouldbe go see yourself or a
financial planner, but wouldthere be any simple framework
that someone who's listeningcould do to give themselves a
(13:31):
little bit of an audit or anunderstanding of maybe their
personal circumstances and whatI guess moving forward without
it obviously being financialadvice?
Yeah, no, plenty, plenty.
SPEAKER_01 (13:40):
Like the the the simple the most simplest thing
is going back to basics andhaving a budget, figuring out
what's coming in and what'sgoing out.
Most people literally have noidea.
It doesn't matter how smartsomeone is, how how much money
they earn, if you're not doingthat, the you don't even know
what you're working with.
So it's initially having thatfirst that discussion with if
it's a couple having adiscussion together, um, or if
(14:01):
it's just yourself, just askingyourself these questions and
going through it, listing yourincome, listing your expenses,
and then from there, probablyculling some of it.
Normally when I get my clientsto do what they work out,
they're paying for like fourdifferent subscriptions that
they don't even use, or they'redoubling up here.
And yeah, I even had it theother day, like I ended up
finding out I had some sort ofscriptscription that was going
through my Apple, but I also hadit through Telstra, I think,
(14:23):
through my Telstra bill.
And I was like, you know,literally, I was double dipping,
you know, and my budget's liketight, you know, it's it's not
tight, but it's it's prettyoiled up.
But it was it's it's justsitting down and going through
that first of all, just to workout what's going in, what's
going out.
Okay, and then from there they'dwork out are they in a deficit?
So are they every week, do theyare they in in the red or are
(14:44):
they in the green?
If they're in the red, they needto obviously increase their
income, which isn't usually aseasy as said, but they need to
also potentially reduce theirexpenses.
If they're in the green, or oncethey are in the green, it's then
working out what are we doing.
First of all, are we surprisedby the surplus?
Usually it's a yes.
When I show couples, they've gotlike a surplus of two grand a
month and they're like, where isthis going?
(15:04):
But working out what thatsurplus is, making sure it's
real, so maybe running thebudget for a few months and
giving it a trial in casesomething's been forgotten, and
then working out what to do withthat surplus.
Okay, do we invest it, do we buyproperty, do we chuck it into
shares, put it into super, payoff the mortgage, put it into
savings, and just to work, andthat's where having advice
helps, but just working out whatto do with that money instead of
just having it sit there.
(15:27):
And then once they've got thatstructure, the simplest way
would be to have different typesof bank accounts, so like having
like a bills account, having aspending account.
I don't know if you've noticed,I've I haven't I think I've only
said the word budget once,because when most people think
of budgeting, they think ofcomplicated spreadsheets, they
think of they think of beingrestricted, you know.
And when I think of budgeting, Ithink of structure.
(15:49):
I think of having a reallysimple process in place where
someone's not restricted andit's not complicated because not
many people like complicated,not many people like being
restricted.
And in a relationship, sometimesyou'll see someone, it's
normally the engineer in therelationship or the technical
person that loves a complicatedspreadsheet, and the other
person just gets anxiety justlooking at it.
(16:11):
Yep.
Then you've got the spender andthen you've got the saver, and
you know, and it's the idea of abudget is it puts everyone on
the same page and having thatstructure so that you know where
things are going.
Because without that, it's thesmall expenses that fall between
the cracks, and that's whensometimes at the end of the
month, they're like, Where's allthe money going?
And they don't know where it'sgoing, and they literally can't
figure it out because they'vegot everything coming in out of
(16:31):
the one place.
SPEAKER_00 (16:33):
What would you say is the best way to get couples
to be able to, I guess, get thisstructure or even learn to start
talking about money withoutfighting?
Because I can imagine youmentioned a few things there,
you've got the spenders, you'vegot the savers, you've got the
people who love the complicatedspreadsheet, the other person
who gets overwhelmed by thecomplicated spreadsheet.
And if you're looking at onething without, I guess, getting
(16:55):
on the same page, I can see thatthere can be a little bit of
tension and potentiallyarguments or even just head in
the sand kind of business.
From what you've experienced,what would be some great ways to
help couples talk about moneywithout the fighting?
SPEAKER_01 (17:09):
Two things I'd say.
One is to do it as early aspossible.
I'm a big advocate that couplesshould do it when they first get
together.
Like that's literally the wholetitle of my podcast.
(17:38):
So they're the spenders, they'rethe ones that usually grow up
with money, potentially.
And money to them equals freedomand they're the spenders in the
relationship.
To others, money equalssecurity.
They could be the ones thatdidn't grow up with much,
they're the savers, they're theones that will have a hundred
grand just sitting in the bankdoing nothing.
They don't know why it's justthere.
Because it helps them sleep atnight.
And acknowledging that neitheris right or wrong.
Um, neither is usually the maleor the female, it could be the
(17:59):
other way around.
And that it's both that there'snot there's nothing wrong with
both of those, but it's abouthaving a structure or a process
in place so that they can movetogether forward, you know.
And as soon as you do that, itmakes it a lot easier because
it's like someone telling theother person, I don't know, it's
like talking to someone withADHD and saying, Why can't you
focus?
(18:19):
It's like because they can'tfocus for more than 10 seconds,
you know.
Well, it's a and it's the samething with spending and saving
because what does happen is whensomeone does like they're two
different extremes.
And the spender, for example, ifthey happen to agree to having a
really strict budget, it maylast a week or a month, but it
usually falls apart and itcauses a lot of tension.
(18:40):
And same the other way around.
This is a person that reallywants to save.
If they're not saving, theymight be they might be able to
bite their tongue for a coupleof months, but eventually it
causes issues.
So that's that's a big part,just acknowledging that
everyone's different.
SPEAKER_00 (18:53):
And even on that, to add to that, that's essentially
to me, it sounds like that couldpotentially drive a wedge
between between partners,essentially.
So would that be, I guess, awarning sign, and would there be
any other warning signs thatthere is a I guess a financial
wedge being thrown betweencouples?
SPEAKER_01 (19:10):
So many, so many.
It's it's it's it's a good verygood question.
And I would say everyrelationship's different.
To some people it could be justspending lots of money.
One of them it could be, youknow, like arguments about
bills, arguments about who'spaying for what.
It could be just the anxiety oftalking about money.
So to some men or women, they'llliterally get anxiety just
(19:31):
talking about the topic.
Like, you know, like forexample, my wife to this day is
still convincing me to clean outour garage.
I want to clean out the garage,but I I need a whole day to do
it properly.
But even just talking about itstresses me out because I'm
like, oh, okay, I'll we're gonnaget to it, we're gonna get, you
know, and it's and it's not it'sjust cleaning out the garage.
I know how to do it, but andit's not that bad, but it's just
(19:52):
the talking about it gives meanxiety, just and it and I can
just imagine a lot of men andwomen they get anxiety literally
just talking about money becauseA, they never talked about it,
B, there could be issues there,and that could sometimes be a
sign that they just don't wantto talk about it.
And that's where it helps tohave someone come in from the
outside, like an out a thirdparty.
And I've had literally the mostsmartest one of my clients is a
(20:15):
financial planner.
I mean, he's got me there to sitdown with him and his wife as a
third person to come in becausehe they both know whatever I say
is not connected to emotion.
Like if someone's wrong, I'mgonna say, no, that's wrong.
This is right, this is wrong,this is how you should do it.
There's no bias.
I don't tell them what to do,obviously, it's their decision,
but it's my job to look atthings from the outside.
So having someone come to lookat things from the outside
(20:37):
helps.
But yeah, I think just thearguments about money, the
obvious things where just goingback to what I said at the
start, a lot of couples justassume they need to earn more
money, and that's just gonna fixeverything.
But usually there's somethingelse going on.
SPEAKER_00 (20:49):
And the and the trade-off with earning more, and
I see it all the time with themen that I work with, is they're
winning on paper, but the otherareas of their life are falling
apart.
So to earn more, you'regenerally giving more time,
longer hours, stressful ifyou're creating leverage through
bringing on staff or management,whatever it is, and that then
robs you of you know peace whenyou're at home, and it impacts
(21:10):
your relationship or your sparetime or your lifestyle or your
health, and that also can impactthe relationship, and it's this
this circle.
So I think as you said, it's notalways the most important
decision.
So you need to understand why itwould be beneficial to earn more
money as opposed to bringingback your lifestyle a little bit
to keep what's importantimportant, and everyone's
(21:33):
different for sure, but yeah, Ithink there's it's definitely
very important to bring someonein for that third party, no
emotional connection tohighlight a few things for for
people, that's for sure.
I'll show you guys.
SPEAKER_01 (21:46):
I just wanted to say on that note, like I always
remind myself and my wife, Ineed my wife to always remind me
of this as well as well, thatyou know, we're working for our
families at the end of the day.
And if you talk to anyone thatthey're working for their
families, and what's the pointof working for your family if
you're not seeing your family?
You know, so I think that's Ialways think of that if
literally every single week.
I think, okay, I'm doing thisfor them.
(22:07):
So Yeah, I'm pretty sure thekids would rather be homeless
and have their dad hanging outwith them than being like a$20
million home and not see theirdad four days a week.
SPEAKER_00 (22:17):
It's crazy how common people hear that, and
even men will hear that wheretheir partner's like, look, I'd
rather earn less and have youhome than you constantly coming
home stressed and being pissedoff or being lethargic and
overweight and just like theywant you.
SPEAKER_01 (22:34):
I read this thing on Facebook or I think it was
before Facebook, whatever it wasbefore MySpace.
There was something I read.
My face, not Bivo.
I read something years ago.
Years ago, years ago I'll neverforget this.
And it's literally my worstnightmare.
If my son's my son's gonnalisten to this and say it to me
now, just to piss me off.
But anyway, it's it's a kid thatwent up to his dad and said, Hey
dad, how much do you earn?
You know, what do you do forwork?
(22:55):
He goes, I do all these things,I consult, you know, celebrities
and hot really famous people andexecutives.
And he goes, How much do you howmuch do you charge?
He goes, I charge you know 400bucks an hour.
He goes, Oh, that yeah, reallycool, Dad.
Okay.
And then you came to him, hegoes, Oh dad, can I have a
hundred bucks?
He goes, Yeah, sure.
You gave it to him.
He goes, What do you want themoney for?
And you gave it back to him.
He goes, Oh, can I have 15minutes of your time?
(23:15):
And to me, that's so powerful.
Like, I'm getting emotional justthinking about it now.
And it's like, you know, it'sour kids are our biggest, like
that should be our focus.
I know we have to work, but howmany times do we put that before
that?
You know, like it's crazy.
And that was literally at least15 years ago that I read that,
but to this day I still thinkabout it.
SPEAKER_00 (23:36):
It hits like, and this is where I think what you
do is so important, and even toa lesser degree what I do, when
we're reminding people of whythey're actually doing what
they're doing.
You said, you know, we'reworking for our families, which
is true, and it's very easy thatwhen you spend X amount of time
in a place and generally wespend a fair amount of time at
(23:56):
work, it does become allconsuming because wherever we
are or whatever we're doing,moderation tends to disappear
just because of time inproximity.
So that's where it's good to bepulled back and just be like,
look, there is more to you,there's more things happening in
your life outside of work.
How much money is enough?
Like, and what does that looklike for you and your specific
(24:18):
personal circumstances, as wewere saying earlier?
An area that I'm also interestedin is like what's one thing or
even a couple of things that youwish that couples knew about
like joint and separatefinances?
Because I always hear differentthings around this, and I'm I'm
just curious to see what I guesswhether it's data or
(24:39):
conversations that you've hadwith people around yeah, whether
everyone goes all in on jointfinances or you have separate or
what that could potentially looklike.
SPEAKER_01 (24:48):
Yeah, so this is actually a big it actually is a
big topic that comes up a lotbecause I'll sit with a couple
sometimes that's doing itcompletely separate, and
sometimes they've been togetherfor like 10 years and they've
got kids and everything, and youknow, and but they still have
their own bank accounts andsomeone pays for this, someone
pays for that.
And then you've got some whohave gone all in straight away
and had issues and it didn'twork out and whatever.
(25:10):
And in a perfect world, you'dhave both together.
And the reason for that, and andthat's what we all everyone, all
couples I feel should strivefor, having everything together.
And the reason it's the perfectscenario is because you're
basically working together, likethat budget that I explained to
you.
You know, when you list yourincome and expenses, you've got
both your incomes, you've gotall your expenses, and you're
working together as a team.
(25:31):
And two people working onsomething together is better
than two.
It's like I I always give thescenario of a kitchen.
You can have two head chefs, oryou can have one head chef in
the kitchen.
It's going to be a lot moreefficient having one head chef,
one strategy, one person there.
And at the end of the day, itall goes into the same pot
anyway, even if you are doingthings separately.
So it is a lot easier to manageif it is together.
(25:52):
A lot of couples I talk to thathave probably come out of a
separation or maybe in general.
I had a mate once that was withhis girlfriend for like 10 years
and didn't want to get married.
She wanted to get married, hedidn't.
And I started asking him why.
And he was just worried that shewas going to take his money.
I was like, Do you want to havekids?
And he said, Yeah.
And we were young, like we wereearly 20s, you know, by the way.
(26:13):
So sorry, mid-20s, if he waswith her for 10 years.
I'd say we were mid-20s.
And I asked him, like, do youwant to have kids with her?
He's like, Yeah, yeah.
I'm like, how soon?
I was like, Yeah, straight away.
I'm like, okay, well, if youyou're willing to share kids
together, why are you too scaredto share money?
Like, what's more important?
It's like, yeah, that's true.
And as soon as I said that,yeah, I think it clicked.
Um, a year later they gotengaged.
I don't know if that was thereason.
(26:34):
Probably not, but claim it.
Literally, you know, and it'sit's probably realizing that
thing, okay.
What's the worst that can happenas well?
That's now put certain scenariosaside where there could be, you
know, abuse and addiction andother th other more complex
matters.
If we're just looking at it in avery basic scenario, you know,
what's the worst that couldhappen?
(26:55):
You know, worst case, threemonths later, you run out of
money, you think this was aterrible idea, and you separate
again, you know, you separateyour money again separately.
And because if you're livingtogether, you've got most of the
same bills.
You know, and but saying that,the rule I would say, and the
best way to before you do thatis to have a budget first.
Make sure you're on the samepage and make sure you've got a
(27:17):
strategy as to where things willgo, have that bills account,
have that spending account.
Because, yeah, of course, if youshove everything together and
you don't have a plan, it'sliterally setting yourself up
for failure.
SPEAKER_00 (27:29):
Yeah, I I agree with you.
My wife and I, we have all ofour stuff together because I I
would just it's just more workhaving to be like, oh, can you
transfer me for this or transferit's like because it just brings
tension to the relationship,it's just like put it all in one
pot.
You have the same common goals.
Like my wife and I know whatwe're building towards over the
next decade and all of that interms of our financial position.
(27:52):
And you know, we obviously bothrun our own businesses, so you
know what we get paid, and allof those sorts of things.
So just for me, I just try toremove as much friction and
additional conversations oractions as possible for my
financial life, so you sort ofcan check it every week, and
it's very consistent becausethere's processes in place and
(28:12):
we're working towards the samesame thing.
So yeah, I'm very interestedbecause there, as you've said,
there's some people who justwant to keep it separate, which
each to their own, but for mepersonally, it just adds more
stress and frustration to mylife.
It it does.
SPEAKER_01 (28:27):
And the other thing as well is it's like in in a lot
of relationships, let's behonest, it's actually there are
very little relationships whereboth people earn the same thing.
You can have a stay-at-home mum,you can have a stay-at-home dad,
you can have someone that'searning$300,000 a year and the
other person earns 80.
Like my wife is a stay-at-homemum, she's like she's got like a
small business and just shedabbles in that, and you know,
(28:47):
it's more of a passion for herthan anything else.
But I always say that she worksharder than me, and she
contributes, I would say, moreto our family than I do, you
know, because you know, it's notfinancial, it's everything else.
But A, I can't do what I dowithout her.
And secondly, even if I could,I'd still say she contributes
more anyway, you know.
So so it's also couples gettinga getting around that idea as
(29:11):
well, because sometimes thereluctance is that it's like one
person is earning a hundredgrand a year, one person's
earning three hundred thousanddollars a year, and the person
earning more says, Oh, it's notfair if we put it all together
because I'm earning more.
SPEAKER_00 (29:23):
Yeah, okay.
But that yeah, as you said, it'sone metric, and that's I think
it's so important to make theother domains of your life
tangible because it's very easyfrom like a health perspective,
we can track our weight or howmuch we're lifting or how fast
we're running.
Finance is the same thing.
It's like, are we earning morethan we're spending, or vice
versa?
And then obviously work hours,but many other areas like
(29:45):
relationship or investing in thefamily, many people don't really
make that tangible, it's just itjust happens.
But if you think about for me,if I'm making a relationship
tangible, there's things that wedid initially in a relationship
that make made the couple fallin love with each other.
You know, that for me, forexample, driving down from
Toomba, driving two hours acouple of nights a week, even
(30:07):
though I was working as a chippyin Toowomba, getting up at 4
a.m., driving back to start workat six, like that's an
investment and that's an action.
That's an act of giving.
And so then I look back to,well, as relationships we get
more responsibility, which meansit's very easy to sacrifice the
things that were important inthe relationship, the morning
walks, the date nights or thedate days or the random flowers
(30:28):
and those things.
And that's where I'd go, okay,if I wanted to keep my
relationship, you know, the vibealive and all that, I'd go back
to what are some things that Icould do that I could track and
then I could gain anunderstanding of is that moving
my direction in a myrelationship in a better
direction?
Or is it making it worse?
SPEAKER_01 (30:45):
Yes, yes.
And I actually had a um marriagecounsellor on the podcast the
other day and something she saidis always be dating.
Yes.
And I think of that now alwaysbe dating.
It makes sense, you know, likeit's it's yeah doing those
things and understanding what alove language is like I only
figured out I only heard aboutlove languages like five years
ago.
But it just hit me how like oneperson love their love language
could be active giving.
(31:05):
They love gifts.
For one person it could behugging for one person it could
be providing, you know and mywife and I have very different
love languages.
It's if you know the otherperson's love language and
you're always dating then Yeahit's yeah those things don't
seem so silly you know no not atall.
SPEAKER_00 (31:23):
I think you're spot on there's always going to be
tools and things that we can doand across the park.
Even a stat for men is recentlycame out that we should be
having two catch-ups a week withwith our with our mates.
SPEAKER_01 (31:36):
Yeah.
SPEAKER_00 (31:37):
I wonder how many men actually do that.
I know I don't and I work in thespace and I'm very aware of it.
I get to catch up with a lot ofpeople but just hanging out with
my mates in whatever contexttwice a week that's insane.
Yeah.
Right?
And so there's things that wecan do to make tangible we then
just have to that comes back toand it does influence and this
(31:58):
is where integration of thedomains rather than the
isolation of the domains is likeokay if I were to be able to do
that how do I need to set mylife up from a financial
standpoint from the flexibilitywith my time or my career to the
trust and love that I have in mymarriage to be able to say I
want to start catching up withmy mates once or twice a week.
(32:20):
Is that okay?
And can I afford to do that andyou know is that worthwhile like
that's where we have to startthinking and it's what I'm
always thinking about becauseotherwise it's very easy to just
go I need to earn more money andsometimes it's not about earning
more money it's maintaining whatyou earn and getting time back
or leverage in other ways.
SPEAKER_01 (32:37):
Yeah I I've been so passionate about time management
in the last probably I meanprobably since I've had my
business so for the last eightnine years.
Yep.
Because it's like even like Istarted Pilates a year and a
half ago for example and I'mliterally one of the most
busiest people I know I knoweveryone's busy but I'm really
busy and but I still manage togo three times a week how do I
do it it's in my diary.
(32:58):
Like I put it in my diary threedays a week 8 30 in the morning
I'm there.
Doesn't matter what it is I'mthere.
My wife and I every um actuallytoday we're catching it we're
going out for lunch together youknow so we have we make sure
every week we have a datetogether a couple of hours
through two three hours lunchcoffee something just being
together so I think putting itin your diary as stupid as that
sounds like for me anywayeveryone's different but for me
(33:19):
it's helped having it there andbecause otherwise it'll just
it's just one of those thingsyou'll always you'll just get
around it and if you just expectto get around it you normally
don't get around to doing it.
It just doesn't happen.
SPEAKER_00 (33:30):
Bot on make time for what matters it's super
important.
Like you can tell someone whatthey value by looking at their
calendar and if they don't havea calendar you're like well
we've got some work to do.
Let's start there.
That's a great first step.
If I guess if you had onefinancial principle or piece of
(33:51):
advice that you would want toleave people who are listening
to this today, what would thatbe?
SPEAKER_01 (33:57):
One piece of advice I would say that's just too hard
to narrow it down for someonelike me that just likes to talk
about everything.
SPEAKER_00 (34:04):
Even if we made it around like financial principles
or finances and the work thatyou do that could better improve
that domain of their life.
SPEAKER_01 (34:13):
Yeah I would say get help get get advice get external
advice get an external person tolook at your situation and I'm
not just saying that as afinancial planner because I'm I
might sound it sound a bitbiased but it really is
important.
Like there's having a coach youknow you know it's I had I had a
business coach three years agofor six months it was the best
thing I ever did probably a yearactually I think I had him for
(34:35):
it was the best thing I everdid.
So having someone help you fromthe outside could be a friend
that you really trust you knowthat you know won't be biased it
could be an advisor it could bea coach it could be someone but
have someone look at things fromthe outside because I always say
even the best you know even thebest player in the world has a
coach.
Even coaches have coaches evenon my podcast the other day you
(34:59):
mentioned blind spots you knowso e even the best race car
driver has blind spots.
So have someone look at thingsfrom the outside because we like
as people you know we alwaysthink that we know what's best
but usually we're missing themark and very rarely do I ever
sit down with a couple that knoweverything or have everything
sorted.
I'd probably say 99% of the timethere's something big that
(35:20):
they've missed or somethingsmall that it is big and and
sometimes that one thing canjust change everything
everything everything.
SPEAKER_00 (35:29):
I love it great advice and an easy actionable
step for people to implementwhere can people find you
Michael like if they'relistening and they're like okay
well I'm keen to get somefeedback and have a yarn and see
what that could potentially looklike where's the best places for
people to go and what wouldthose next steps look like I'd
probably say just to visit thewebsite and just I've got a
(35:50):
calendar an online calendar andthey can book a free 15 minute
phone chat just to have a chatand in that first call I like to
at least just work out if I canhelp that person uh whether
we're a good fit.
SPEAKER_01 (35:59):
If not I'll at least point them in the right
direction.
If so we'll organise anappointment to do like a full
health check together.
Yep.
So betterfinancialplanning.comdot au and secondly the podcast
I'd say just good place tostart.
It's called sharing more thanthe sheets.
SPEAKER_00 (36:15):
It's on Apple Podcast Spotify all that stuff
and it's yeah it's a big passionproject of mine as I'm sure like
literally what this is for youas well it's just talking about
these things putting good newsout there good ideas good advice
awesome well that's MichaelCurry ladies and gentlemen as he
said sharing more than thesheets it is a really good
podcast I've listened to I thinkI'm up to six episodes now
(36:38):
they're super easy to listen toand I always take away one or
two things that leave me wantingmore information or I'm able to
start having those conversationsaround that household.
So thank you so much for yourtime today.
SPEAKER_01 (36:49):
It's been awesome thank you thank thank thank you
so much for having me on andkeep up the amazing work Lochlin
honestly like as even justlistening to your podcast and
just everything you've beengoing through over the years and
the just even what you did earlythis year it's it's crazy.
It's crazy.
So it's it's inspiring to behonest with you.
I'm not going to run a marathonbut it's still inspiring.
I appreciate it.
(37:09):
Thank you so much.
Thank you.
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