December 31, 2024 • 19 mins
The last four years have been a whirlwind of disruption, chaos, and opportunity, creating some of the fastest wealth-building moments in recent history. But 2025 could be the final chapter of this rapid-growth era. In this episode, Zeke Guenthroth breaks down why this year is critical for taking action, how to maximise your potential in Q1, and what you can do to prepare for the next big wealth-building event.
Don’t wait for another opportunity to come knocking—it’s time to grab the bull by the horns and make 2025 your defining year for financial growth. Whether you’re an investor, entrepreneur, or someone looking to secure their financial future, this episode is packed with actionable advice and insights.
🎧 Tune in now to learn how to dominate 2025 and set yourself up for long-term success!
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Zeke Guenthroth (00:00):
The last four years have been nothing short of
chaotic, but for those whograbbed the bull by the horns
and acted fast, they've been themost profitable years of their
lives.
2025, in my opinion, is thelast year of this rapid growth
era, and how you enter 2026could define your financial
future.
If you don't take action now,then you risk falling into the
(00:21):
trap of stagnation.
Then you risk falling into thetrap of stagnation.
Build, implement and executeyour plans by the first quarter
of this year, because a windowto grow is closing very fast.
Speaker 2 (00:43):
Welcome back to another episode of the Finance
Bible Podcast.
You're joined with myself, zeke, and your co-host, oscar.
But before we get into it,please note that nothing in this
podcast should ever beconsidered as personal financial
advice.
But if that is what you areseeking, get in touch, let us
know and we will hook you upwith the correct professionals.
Sit back, relax and enjoy theshow.
(01:05):
Let's get into it.
Zeke Guenthroth (01:10):
In today's episode, we're going to be
covering pretty much what'shappened in the last few years
and what next year holds.
Everyone, towards the end ofthe year, comes in.
They're like okay, new year,new me, 2025 is going to be the
year to do this, to do that in.
They're like, okay, new year,new me, 2025 is going to be the
year to do this, to do that.
Blah, blah, blah.
But 2025 is actually, in myopinion, probably the most
(01:32):
pivotal year in my lifetime, andprobably a lot of people out.
There's lifetime pending yourage, of course, and like I'm not
a genius, I don't know what'sto come.
I can't predict the future.
However, let's talk about thelast couple of years.
2020, covid so huge economicimpact.
(01:53):
Global stimulus was about 15,16 trillion, which drove massive
liquidity into the markets.
Your stock markets reached well, I mean they had an initial dip
where people could takeadvantage of that.
For example, myself I was veryyoung at that point in time took
advantage of it, realised whatwas going to happen.
The GFC is a clear example Soldout of all my shares, bang,
(02:17):
threw back in when it reached alow, like they went down quite
drastically from March in 2020,and then they ended up up about
70% by the end of 21, early 22.
What happened there was youcould actually take advantage of
that and realize what was goingto happen.
(02:37):
It was going to go down.
It was always going to crash.
It's common sense.
So pull out.
It starts going up again.
You see a bit of confidence, oryou know that we're at a point
where, okay, it's not the end ofthe world, which, personally
speaking, covid if it was goingto get me sick and kill me, then
it was going to pretty much geteveryone sick and kill everyone
and it would have been the endof the world anyway.
So, um, as soon as I startedseeing people get covid and
(03:01):
survive without the vaccine andthat kind of thing, it was
pretty clear what was going tohappen.
We were going to live and themarkets will have gone up at
some point in time, whether itwas in the next six months, 12
months, 18 months.
I couldn't be certain on that,but took that risk and invested
Again, made quite good amountsof money in there, and that's
(03:22):
how a lot of people did it atthat point in time.
A lot of people took advantageof that and it was the exact
same with like, uh, you knowcrypto, bitcoin.
It was sitting at like 7k inearly 2020 and now it's up at,
like you know, 100k.
So that's in us dollars as well.
Bitcoin was something that youcould really take advantage of.
I think it was about 7k, um,and went up to close to 70k
(03:45):
within like that one and a halfyear period that I was speaking
about, with stocks like early2020 through to the end of 21.
So, again, created multiplemillionaires, multiple people,
hundreds of thousands theyleveraged in a property and then
we know what property did aswell.
Speaking of which house prices2020 through to 2021, again
(04:05):
March to end of year give ortake 30% growth, nearly 29% give
or take.
You had record low interestrates, which meant pretty much
everyone could afford toleverage in the property.
If you were in a position whereyou knew what was going to
happen and you let history be aguide, you knew that you could
(04:25):
take advantage of the stocksbecause they're quick, they're
more liquid, and then what wasgoing to happen was the same
thing with property A bit slower, they're not as liquid.
So you've got the time then toanalyze one and jump into the
other and go ahead like that.
You had meme stocks as well,which were people lost a lot of
money, made a lot of money.
It was quite a difficult one toget into, like if you didn't
(04:49):
know exactly what was going on,so I won't dive too far into
that.
Like gamestop rose like 1700 orsomething in 2021 and then you
had all the nfts and that aswell, but they're not.
There's not really a trackrecord for them.
They're harder to predictwhat's going to happen, so I
didn't personally jump on boardwith any of that Long story.
(05:10):
Short, volatility equalsopportunity, so in the chaos,
there's always opportunity.
It's the greatest thing in theworld.
When we're in a tumultuousworld like that.
If you move fast, it's lifechanging and the sad thing is
the conditions aren't going tolast forever.
We're now moving into 2025,which is a turning point in my
(05:30):
opinion.
The last four years of growththat we've seen and how quick
and easy it was to make money isslowly shifting and towards the
end of this well, I'm recordingthis literally six hours before
the new year, so I'm going totalk as if it is 2025 right now,
because you'll probably belistening in 2025.
(05:51):
But towards the end of thisyear, it's going to be really
difficult to continue to makethe money that's been getting
made.
I do think this is the lastyear, the last bit of
opportunity to grab that bull bythe horns and take it and ride
that the whole way through tofortune.
So you've got economicstability returning.
Inflation rates have startedstabilizing globally.
(06:13):
Banks are aggressively easingthe rate hikes.
We don't think that we'll seeany more rate hikes.
To be honest, we'll startseeing them to come down,
meaning that are less volatile.
There's a shift to normalconditions which limits growth.
Like, ideally, if we're in anormal, stable world, that is
(06:36):
just stagnant.
There's nothing going on.
It's it's very difficult tomake the kinds of money that
have been getting made.
Opportunities will dwindle.
So with fuel disruptions orspeculative opportunities like
you know, the stocks doing whatthey're doing and the crypto
doing what they're doing, it'sgoing to become rare.
You can't just jump on boardand win.
(07:03):
And housing affordability is Imean it's technically improving
because the interest rates arecoming back a little bit, but
it's kind of stabilizing thegrowth.
Like there will be growthmoving forward in property.
That's common sense, it'salways going to happen, but
we're not going to be seeing the30% that we saw in the 18
months from 2020 to 2021, well,the end of 21.
So we're moving into a new era.
(07:24):
So 2025 marks the end of theprevious era, which I'm going to
call the growth era, and thenext phase won't be about
catching waves, but buildingsteady, sustainable wealth.
It's going to be figuring outhow to build wealth in a more
stable environment.
So it might be a bit slower andthere's going to be higher
(07:46):
competition with lessopportunity.
So this is the year where youreally need to take advantage of
getting things together,implementing them, and I
genuinely think how you finishthis year is how you're going to
start 2026, common sense, so onbut how you start 2026, I think
(08:09):
, is going to be how you remainfor quite a while until whatever
the next event is.
I'm not saying that if you'renot a millionaire by the end of
this year, that you won't be bythe end of 2028.
I mean, if you don't havethings implemented, you haven't
set up changes, you haven't thenyou're going to stay in that
(08:33):
kind of stagnant pattern untilthe next event where you've got
the opportunity to take action.
If you set things up this yearand you start implementing
changes, you get things togetherand try to start building
wealth, it will be slow andsteady.
I mean, this year still holds abit of opportunity, but it
(08:54):
marks the end of it.
If you set up now and you takeadvantage of that and you're
growing in 2025, then you'llcontinue growing in 26 and 27
and 28.
That's what I mean by how youstart.
26 is how you'll remain.
So you'll either start it on aroll, getting things done, or
(09:16):
you won't, and that's how it'sgoing to remain.
So there's a bit of a firstquarter challenge that you're
going to get with 2025.
So Q1, quarter one is criticalbecause we still got a bit of
growth happening in this firstcouple of months and you can
(09:39):
build that momentum to then haveQ2, q3, q4 continue, where the
market will likely adjust toslower growth.
So you can get yourself in agood position, get everything
set up and let it roll.
If that makes sense, let ithave the snowball effect.
If you don't have your strategyimplemented by March, you risk
losing the steam before you evenstart.
You might not get on that rolland it's going to be more
(10:01):
difficult the longer you waitnow.
What do you need to do inquarter one of 2025?
Firstly, review your financialposition.
Are you ready to invest?
Are you ready to expand or areyou ready to consolidate?
What do you actually have asyour goals and deadlines for
execution by March 31?
So this quarter is all aboutfiguring out what you're doing.
(10:23):
In fact, I'd probably sayJanuary is figuring out what
you're doing, what you can do,what you want to do, and setting
your clear goals with adeadline of March 31.
And then February March isimplementing getting it all done
, setting everything up andmaking the changes you wish to
make.
So if you, for example, have abunch of properties, or you've
(10:44):
got a mortgage and a house andwhatever, you're stuck in a
position where you can't doanything, then it's time to
think okay, well, what changescan I make to enable me to
improve?
Like, where can I actually findthese opportunities?
Are you downsizing?
Are you moving to a differentarea?
(11:05):
Are you taking a risk andcreating a business?
Like, what are you doing?
And these are things that youneed to think and figure out for
yourself.
It could even be as simple asinvesting in education or
resources that will prepare youfor the year ahead.
So just lock in and get readyAreas for action.
You've got property investment,you've got business and you've
(11:27):
got personal finance, so lookingat locking in deals before the
interest rates have any changes.
So figure things out about thatBusiness growth, as in scale
operations, or create a businessand get the operations ready to
scale, or implement new revenuestreams or whatever.
Even in your personal world,you can implement new revenue
streams and figure out differentways to generate income.
(11:50):
And then for personal finance,it's literally simple as reduce
debt, find a way to change yourdebt and build liquidity for the
next opportunity.
If you're not in a positionwhere you can do anything but I
strongly believe everyone is ina position to do something you
can be mortgaged up to yourthroat and struggling to breathe
.
You're gasping for air likeyou're drowning, and there's
(12:10):
still a way.
You can find more revenuestreams.
There's always a way to makemoney if you try hard enough.
If you end up in a positionwhere you do nothing, you know
2025 goes by.
You start doing the exact samething as today everything's
terrible, you think you're nevergonna make it or you're never
gonna be able to get out of itor whatever.
Then do the best you can interms of sorting out your
(12:34):
personal life and your personalfinances, reducing your debt and
that kind of thing, trainingskills, getting everything ready
.
Ai is something to takeadvantage of.
Get real into learning how totake advantage of ai and
technology so that you canprepare for the quickness, how
(12:55):
fast you react to the next event, because your speed of
implementation on your on thenext event, if you fail to do
anything this time, will be makeor break, especially like if
you're young.
Yeah, it's not extremely vital,although, for example, I have a
younger sister who's fresh 18,and I'm going to be pestering
(13:17):
her like an absolute animal toget her to learn certain skills
and take advantage of certainthings and put herself in a
position where you can start herwealth journey, because the
longer you wait, the harder itgets, especially in today's
world wealth journey, becausethe longer you wait, the harder
it gets, especially in today'sworld.
So the next big wealth eventwill come.
I don't know what it's going tobe, I don't know when it's
(13:38):
going to be, but it will come.
It's common sense.
You've had GFC, you've hadCOVID, you've had wars, blah,
blah, blah.
Something else is going tohappen at some point in time and
we need to be ready.
So we need to prepare.
You need to have liquid fundsor adaptable plans or just be in
a position where you're nottired, where you can just go
bang, done like quick and getinto it, take advantage of it.
(13:59):
You need to prepare beforehand,like you can't just quickly
react.
Like for myself, if I wasn't ina position where I had the
savings or I had the shares orwhatever, and I wasn't already
actively working on things, thenI wouldn't have been able to do
what I did, and it's probablythe same for everyone out there.
So prepare, get things in order, whether it's building
(14:21):
emergency funds or havingliquidity reserves or just
staying educated on globaltrends like AI or networking
with professionals who canactually help when opportunities
arise.
But you need to prepare andthen, when that thing comes, you
need to sit down and you needto go.
Okay, here it is what's going tohappen.
(14:41):
What has history taught us?
What did I learn during COVID?
What did I learn during the GFC?
What can I go and read about?
That will teach me how thingswill change.
Okay, so do that to learn aboutthe stocks, to learn about
property, to learn aboutinterest rates, inflation and
the economy.
From there, common sense willapply.
(15:02):
You can go.
Okay, well, what things aregoing to be in demand and what
businesses is there to create onthe back of this.
For example, imagine if you werequick enough which, funnily
enough, I know someone whoactually was quick enough and
smart enough to go andmanufacture and produce masks
(15:24):
like your COVID face mask, thelevel of money that could be
made in that, because thegovernments were pushing it so
heavily.
Simple hand sanitizer, simple,so many different things you
could go and produce and post,or even just general PPE like
personal protective equipment,could have made so much money
(15:44):
during COVID.
And then, off the back of COVID, you had lockdowns which meant
people couldn't what.
They couldn't travel, theycouldn't go to work.
So your Zooms of the world,your DocuSigns, adobe they
couldn't go to work.
So your zooms of the world,your docusigns, adobe, um,
there's so many different thingsand technology as a whole took
off.
And then you've obviously gotai coming in now and you had
(16:06):
copywriting, you've gotmarketing, you've got social
media management, all thesedifferent things that are just
huge, mostly off the back ofcovid.
They were all going to getthere anyway, but mostly off the
back of covid.
So when were all going to getthere?
Anyway, but mostly off the backof COVID.
So when that happens, figure outwhat you can take advantage of
2025, you really need to justcommit.
Commit to taking action.
This is the year to move.
(16:28):
No excuses, no procrastination.
What you do today willdetermine how you live in 2026
and beyond.
Don't rely on that next eventthat might not come until 2030.
So what do you do for the next14, 15 years after that?
Up until then, could you justsit there and wait, continue
doing what you're doing, stuckin the mundane nine to five,
(16:49):
struggling?
Or do you pair take action anddo things?
Or do you pair, take action anddo things?
Accountability is everything.
You need to set monthly goalsand you need to review them and
progress consistently.
You need to share your goalswith friends or mentors or
family or coaches, whatever.
For accountability.
(17:11):
I literally sit down everysingle day at the end of the day
with ChatGPT and say here's mygoals for today.
Well, there was a day where Istarted.
First, obviously, you got to doa day to to set it up.
Hey, here are my goals fortomorrow.
Blah, blah, blah, um.
And then, at the end of thenight next day, hey, chat,
(17:34):
here's what I've done.
What did I miss?
Rip into me, roast me.
Blah, blah, blah, blah.
Here's what I'm going to dotomorrow, and it will help you
come up with things you need todo tomorrow, based on what
you've done today and what yourgoals were.
So then you can sit down and gothe next day.
Hey, chat, here's what I didtoday, as we spoke yesterday,
(17:57):
blah, blah, blah blah, and everysingle day I do that.
At nighttime, I'll have a fullblown conversation with chat GPT
and talk about what I have done, what I haven't done, what I
need to do, and all of this isbased on goals that I've spoken
to it about.
For you know, three months, sixmonths, nine months, 12 months,
and then we just break themdown week by week, month by
month, year by year, um, and dayby day.
So it is that simple.
(18:19):
Think beyond 2025 as well, likehow will the actions you take
today set you up for the future,for the next decade?
How will it set up yourchildren?
What impact will it have onthem?
And you need to think about allthese different things, them,
and you need to think about allthese different things.
(18:40):
2025 is the most pivotal yearthat you will have.
If you didn't take advantage of2020 through to 2024.
It's as simple as that.
So the past four years havebeen a time of incredible wealth
creation like outrageous.
But the window's closing 2024is your last chance to act
before the market stabilizes andgrowth slows.
Build your strategy, implementit by the end of quarter one and
(19:04):
prepare for the future.
If you guys found value in thisepisode, share it with your
friends, family, colleagues,whoever you think will
appreciate it and learn from it,and let's boost everyone's
wealth together.
Don't forget to leave a reviewand subscribe to the Finance
Bible.
Your support helps us.
Keep bringing valuable insightsto help you on your financial
journey.
Until next time, keep takingaction and chasing goals, as
(19:35):
always.
We hope you enjoyed the episodeand if you, you did you know
exactly what needs to be done.
Speaker 2 (19:40):
Hit that follow button, subscribe, share it to
friends, family or even yourco-workers, as sharing this
podcast helps not just us, buteveryone in the world to learn
about their finances.
Thank you,
The last four years have been nothing short of
chaotic, but for those whograbbed the bull by the horns
and acted fast, they've been themost profitable years of their
lives.
2025, in my opinion, is thelast year of this rapid growth
era, and how you enter 2026could define your financial
future.
If you don't take action now,then you risk falling into the
(00:21):
trap of stagnation.
Then you risk falling into thetrap of stagnation.
Build, implement and executeyour plans by the first quarter
of this year, because a windowto grow is closing very fast.
Speaker 2 (00:43):
Welcome back to another episode of the Finance
Bible Podcast.
You're joined with myself, zeke, and your co-host, oscar.
But before we get into it,please note that nothing in this
podcast should ever beconsidered as personal financial
advice.
But if that is what you areseeking, get in touch, let us
know and we will hook you upwith the correct professionals.
Sit back, relax and enjoy theshow.
(01:05):
Let's get into it.
Zeke Guenthroth (01:10):
In today's episode, we're going to be
covering pretty much what'shappened in the last few years
and what next year holds.
Everyone, towards the end ofthe year, comes in.
They're like okay, new year,new me, 2025 is going to be the
year to do this, to do that in.
They're like, okay, new year,new me, 2025 is going to be the
year to do this, to do that.
Blah, blah, blah.
But 2025 is actually, in myopinion, probably the most
(01:32):
pivotal year in my lifetime, andprobably a lot of people out.
There's lifetime pending yourage, of course, and like I'm not
a genius, I don't know what'sto come.
I can't predict the future.
However, let's talk about thelast couple of years.
2020, covid so huge economicimpact.
(01:53):
Global stimulus was about 15,16 trillion, which drove massive
liquidity into the markets.
Your stock markets reached well, I mean they had an initial dip
where people could takeadvantage of that.
For example, myself I was veryyoung at that point in time took
advantage of it, realised whatwas going to happen.
The GFC is a clear example Soldout of all my shares, bang,
(02:17):
threw back in when it reached alow, like they went down quite
drastically from March in 2020,and then they ended up up about
70% by the end of 21, early 22.
What happened there was youcould actually take advantage of
that and realize what was goingto happen.
(02:37):
It was going to go down.
It was always going to crash.
It's common sense.
So pull out.
It starts going up again.
You see a bit of confidence, oryou know that we're at a point
where, okay, it's not the end ofthe world, which, personally
speaking, covid if it was goingto get me sick and kill me, then
it was going to pretty much geteveryone sick and kill everyone
and it would have been the endof the world anyway.
So, um, as soon as I startedseeing people get covid and
(03:01):
survive without the vaccine andthat kind of thing, it was
pretty clear what was going tohappen.
We were going to live and themarkets will have gone up at
some point in time, whether itwas in the next six months, 12
months, 18 months.
I couldn't be certain on that,but took that risk and invested
Again, made quite good amountsof money in there, and that's
(03:22):
how a lot of people did it atthat point in time.
A lot of people took advantageof that and it was the exact
same with like, uh, you knowcrypto, bitcoin.
It was sitting at like 7k inearly 2020 and now it's up at,
like you know, 100k.
So that's in us dollars as well.
Bitcoin was something that youcould really take advantage of.
I think it was about 7k, um,and went up to close to 70k
(03:45):
within like that one and a halfyear period that I was speaking
about, with stocks like early2020 through to the end of 21.
So, again, created multiplemillionaires, multiple people,
hundreds of thousands theyleveraged in a property and then
we know what property did aswell.
Speaking of which house prices2020 through to 2021, again
(04:05):
March to end of year give ortake 30% growth, nearly 29% give
or take.
You had record low interestrates, which meant pretty much
everyone could afford toleverage in the property.
If you were in a position whereyou knew what was going to
happen and you let history be aguide, you knew that you could
(04:25):
take advantage of the stocksbecause they're quick, they're
more liquid, and then what wasgoing to happen was the same
thing with property A bit slower, they're not as liquid.
So you've got the time then toanalyze one and jump into the
other and go ahead like that.
You had meme stocks as well,which were people lost a lot of
money, made a lot of money.
It was quite a difficult one toget into, like if you didn't
(04:49):
know exactly what was going on,so I won't dive too far into
that.
Like gamestop rose like 1700 orsomething in 2021 and then you
had all the nfts and that aswell, but they're not.
There's not really a trackrecord for them.
They're harder to predictwhat's going to happen, so I
didn't personally jump on boardwith any of that Long story.
(05:10):
Short, volatility equalsopportunity, so in the chaos,
there's always opportunity.
It's the greatest thing in theworld.
When we're in a tumultuousworld like that.
If you move fast, it's lifechanging and the sad thing is
the conditions aren't going tolast forever.
We're now moving into 2025,which is a turning point in my
(05:30):
opinion.
The last four years of growththat we've seen and how quick
and easy it was to make money isslowly shifting and towards the
end of this well, I'm recordingthis literally six hours before
the new year, so I'm going totalk as if it is 2025 right now,
because you'll probably belistening in 2025.
(05:51):
But towards the end of thisyear, it's going to be really
difficult to continue to makethe money that's been getting
made.
I do think this is the lastyear, the last bit of
opportunity to grab that bull bythe horns and take it and ride
that the whole way through tofortune.
So you've got economicstability returning.
Inflation rates have startedstabilizing globally.
(06:13):
Banks are aggressively easingthe rate hikes.
We don't think that we'll seeany more rate hikes.
To be honest, we'll startseeing them to come down,
meaning that are less volatile.
There's a shift to normalconditions which limits growth.
Like, ideally, if we're in anormal, stable world, that is
(06:36):
just stagnant.
There's nothing going on.
It's it's very difficult tomake the kinds of money that
have been getting made.
Opportunities will dwindle.
So with fuel disruptions orspeculative opportunities like
you know, the stocks doing whatthey're doing and the crypto
doing what they're doing, it'sgoing to become rare.
You can't just jump on boardand win.
(07:03):
And housing affordability is Imean it's technically improving
because the interest rates arecoming back a little bit, but
it's kind of stabilizing thegrowth.
Like there will be growthmoving forward in property.
That's common sense, it'salways going to happen, but
we're not going to be seeing the30% that we saw in the 18
months from 2020 to 2021, well,the end of 21.
So we're moving into a new era.
(07:24):
So 2025 marks the end of theprevious era, which I'm going to
call the growth era, and thenext phase won't be about
catching waves, but buildingsteady, sustainable wealth.
It's going to be figuring outhow to build wealth in a more
stable environment.
So it might be a bit slower andthere's going to be higher
(07:46):
competition with lessopportunity.
So this is the year where youreally need to take advantage of
getting things together,implementing them, and I
genuinely think how you finishthis year is how you're going to
start 2026, common sense, so onbut how you start 2026, I think
(08:09):
, is going to be how you remainfor quite a while until whatever
the next event is.
I'm not saying that if you'renot a millionaire by the end of
this year, that you won't be bythe end of 2028.
I mean, if you don't havethings implemented, you haven't
set up changes, you haven't thenyou're going to stay in that
(08:33):
kind of stagnant pattern untilthe next event where you've got
the opportunity to take action.
If you set things up this yearand you start implementing
changes, you get things togetherand try to start building
wealth, it will be slow andsteady.
I mean, this year still holds abit of opportunity, but it
(08:54):
marks the end of it.
If you set up now and you takeadvantage of that and you're
growing in 2025, then you'llcontinue growing in 26 and 27
and 28.
That's what I mean by how youstart.
26 is how you'll remain.
So you'll either start it on aroll, getting things done, or
(09:16):
you won't, and that's how it'sgoing to remain.
So there's a bit of a firstquarter challenge that you're
going to get with 2025.
So Q1, quarter one is criticalbecause we still got a bit of
growth happening in this firstcouple of months and you can
(09:39):
build that momentum to then haveQ2, q3, q4 continue, where the
market will likely adjust toslower growth.
So you can get yourself in agood position, get everything
set up and let it roll.
If that makes sense, let ithave the snowball effect.
If you don't have your strategyimplemented by March, you risk
losing the steam before you evenstart.
You might not get on that rolland it's going to be more
(10:01):
difficult the longer you waitnow.
What do you need to do inquarter one of 2025?
Firstly, review your financialposition.
Are you ready to invest?
Are you ready to expand or areyou ready to consolidate?
What do you actually have asyour goals and deadlines for
execution by March 31?
So this quarter is all aboutfiguring out what you're doing.
(10:23):
In fact, I'd probably sayJanuary is figuring out what
you're doing, what you can do,what you want to do, and setting
your clear goals with adeadline of March 31.
And then February March isimplementing getting it all done
, setting everything up andmaking the changes you wish to
make.
So if you, for example, have abunch of properties, or you've
(10:44):
got a mortgage and a house andwhatever, you're stuck in a
position where you can't doanything, then it's time to
think okay, well, what changescan I make to enable me to
improve?
Like, where can I actually findthese opportunities?
Are you downsizing?
Are you moving to a differentarea?
(11:05):
Are you taking a risk andcreating a business?
Like, what are you doing?
And these are things that youneed to think and figure out for
yourself.
It could even be as simple asinvesting in education or
resources that will prepare youfor the year ahead.
So just lock in and get readyAreas for action.
You've got property investment,you've got business and you've
(11:27):
got personal finance, so lookingat locking in deals before the
interest rates have any changes.
So figure things out about thatBusiness growth, as in scale
operations, or create a businessand get the operations ready to
scale, or implement new revenuestreams or whatever.
Even in your personal world,you can implement new revenue
streams and figure out differentways to generate income.
(11:50):
And then for personal finance,it's literally simple as reduce
debt, find a way to change yourdebt and build liquidity for the
next opportunity.
If you're not in a positionwhere you can do anything but I
strongly believe everyone is ina position to do something you
can be mortgaged up to yourthroat and struggling to breathe
.
You're gasping for air likeyou're drowning, and there's
(12:10):
still a way.
You can find more revenuestreams.
There's always a way to makemoney if you try hard enough.
If you end up in a positionwhere you do nothing, you know
2025 goes by.
You start doing the exact samething as today everything's
terrible, you think you're nevergonna make it or you're never
gonna be able to get out of itor whatever.
Then do the best you can interms of sorting out your
(12:34):
personal life and your personalfinances, reducing your debt and
that kind of thing, trainingskills, getting everything ready
.
Ai is something to takeadvantage of.
Get real into learning how totake advantage of ai and
technology so that you canprepare for the quickness, how
(12:55):
fast you react to the next event, because your speed of
implementation on your on thenext event, if you fail to do
anything this time, will be makeor break, especially like if
you're young.
Yeah, it's not extremely vital,although, for example, I have a
younger sister who's fresh 18,and I'm going to be pestering
(13:17):
her like an absolute animal toget her to learn certain skills
and take advantage of certainthings and put herself in a
position where you can start herwealth journey, because the
longer you wait, the harder itgets, especially in today's
world wealth journey, becausethe longer you wait, the harder
it gets, especially in today'sworld.
So the next big wealth eventwill come.
I don't know what it's going tobe, I don't know when it's
(13:38):
going to be, but it will come.
It's common sense.
You've had GFC, you've hadCOVID, you've had wars, blah,
blah, blah.
Something else is going tohappen at some point in time and
we need to be ready.
So we need to prepare.
You need to have liquid fundsor adaptable plans or just be in
a position where you're nottired, where you can just go
bang, done like quick and getinto it, take advantage of it.
(13:59):
You need to prepare beforehand,like you can't just quickly
react.
Like for myself, if I wasn't ina position where I had the
savings or I had the shares orwhatever, and I wasn't already
actively working on things, thenI wouldn't have been able to do
what I did, and it's probablythe same for everyone out there.
So prepare, get things in order, whether it's building
(14:21):
emergency funds or havingliquidity reserves or just
staying educated on globaltrends like AI or networking
with professionals who canactually help when opportunities
arise.
But you need to prepare andthen, when that thing comes, you
need to sit down and you needto go.
Okay, here it is what's going tohappen.
(14:41):
What has history taught us?
What did I learn during COVID?
What did I learn during the GFC?
What can I go and read about?
That will teach me how thingswill change.
Okay, so do that to learn aboutthe stocks, to learn about
property, to learn aboutinterest rates, inflation and
the economy.
From there, common sense willapply.
(15:02):
You can go.
Okay, well, what things aregoing to be in demand and what
businesses is there to create onthe back of this.
For example, imagine if you werequick enough which, funnily
enough, I know someone whoactually was quick enough and
smart enough to go andmanufacture and produce masks
(15:24):
like your COVID face mask, thelevel of money that could be
made in that, because thegovernments were pushing it so
heavily.
Simple hand sanitizer, simple,so many different things you
could go and produce and post,or even just general PPE like
personal protective equipment,could have made so much money
(15:44):
during COVID.
And then, off the back of COVID, you had lockdowns which meant
people couldn't what.
They couldn't travel, theycouldn't go to work.
So your Zooms of the world,your DocuSigns, adobe they
couldn't go to work.
So your zooms of the world,your docusigns, adobe, um,
there's so many different thingsand technology as a whole took
off.
And then you've obviously gotai coming in now and you had
(16:06):
copywriting, you've gotmarketing, you've got social
media management, all thesedifferent things that are just
huge, mostly off the back ofcovid.
They were all going to getthere anyway, but mostly off the
back of covid.
So when were all going to getthere?
Anyway, but mostly off the backof COVID.
So when that happens, figure outwhat you can take advantage of
2025, you really need to justcommit.
Commit to taking action.
This is the year to move.
(16:28):
No excuses, no procrastination.
What you do today willdetermine how you live in 2026
and beyond.
Don't rely on that next eventthat might not come until 2030.
So what do you do for the next14, 15 years after that?
Up until then, could you justsit there and wait, continue
doing what you're doing, stuckin the mundane nine to five,
(16:49):
struggling?
Or do you pair take action anddo things?
Or do you pair, take action anddo things?
Accountability is everything.
You need to set monthly goalsand you need to review them and
progress consistently.
You need to share your goalswith friends or mentors or
family or coaches, whatever.
For accountability.
(17:11):
I literally sit down everysingle day at the end of the day
with ChatGPT and say here's mygoals for today.
Well, there was a day where Istarted.
First, obviously, you got to doa day to to set it up.
Hey, here are my goals fortomorrow.
Blah, blah, blah, um.
And then, at the end of thenight next day, hey, chat,
(17:34):
here's what I've done.
What did I miss?
Rip into me, roast me.
Blah, blah, blah, blah.
Here's what I'm going to dotomorrow, and it will help you
come up with things you need todo tomorrow, based on what
you've done today and what yourgoals were.
So then you can sit down and gothe next day.
Hey, chat, here's what I didtoday, as we spoke yesterday,
(17:57):
blah, blah, blah blah, and everysingle day I do that.
At nighttime, I'll have a fullblown conversation with chat GPT
and talk about what I have done, what I haven't done, what I
need to do, and all of this isbased on goals that I've spoken
to it about.
For you know, three months, sixmonths, nine months, 12 months,
and then we just break themdown week by week, month by
month, year by year, um, and dayby day.
So it is that simple.
(18:19):
Think beyond 2025 as well, likehow will the actions you take
today set you up for the future,for the next decade?
How will it set up yourchildren?
What impact will it have onthem?
And you need to think about allthese different things, them,
and you need to think about allthese different things.
(18:40):
2025 is the most pivotal yearthat you will have.
If you didn't take advantage of2020 through to 2024.
It's as simple as that.
So the past four years havebeen a time of incredible wealth
creation like outrageous.
But the window's closing 2024is your last chance to act
before the market stabilizes andgrowth slows.
Build your strategy, implementit by the end of quarter one and
(19:04):
prepare for the future.
If you guys found value in thisepisode, share it with your
friends, family, colleagues,whoever you think will
appreciate it and learn from it,and let's boost everyone's
wealth together.
Don't forget to leave a reviewand subscribe to the Finance
Bible.
Your support helps us.
Keep bringing valuable insightsto help you on your financial
journey.
Until next time, keep takingaction and chasing goals, as
(19:35):
always.
We hope you enjoyed the episodeand if you, you did you know
exactly what needs to be done.
Speaker 2 (19:40):
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