I Can Be Wealthy Podcast

In this episode, I interview Julie Parker, a dental practice management consultant, to share how dentists and entrepreneurs can build wealth and overcome challenges in running successful businesses and dental practices in 2024 and beyond. Julie talks about the best soft skills that make or break success in dentistry or any industry, the secrets to attracting and retaining top talent, and tips on i...

In this episode, I interview a seasoned business and website investor, Matt Raad, to share how you can generate semi-passive income streams that work for you even while you sleep. Matt talks about buying and selling websites as a unique approach to wealth, the secrets to valuing businesses and conducting diligence like a pro, and the crucial mindset shift required so you can break through income c...

In this episode, we talk about the exact steps and strategies you can take to transition from active to passive investing so you can speed up your timeline to achieve financial freedom. We also discuss how top investors leverage other people's skills to make money work for them, when to start incorporating passive income strategies into your portfolio, and why dealing with "tenants and t...

In this episode, we talk about why traditional retirement planning is an absolute "sack of sh*t" and what you can do to achieve financial freedom faster than most people.  We also discuss why many advisors may not have your best interests at heart, how to optimise your current investments for maximum income, and why NOW is the best time in history to adopt a new mindset towards retiremen...

In this episode, we answer the controversial question of whether Australia's booming real estate market shares unfortunate similarities with a Ponzi scheme. We also discuss the challenges of affordability and supply in Australian real estate, the pitfalls of negative gearing in property investments, and alternative strategies that could offer better cash flow opportunities. Enjoy the episode!...

In this episode, we expose why most accountants, financial planners, and other finance professionals may NOT be experts at building personal wealth.  We also talk about what skills you need to grow your money wisely, the key questions you must ask about any advisor you work with, and the importance of understanding the limitations of finance experts in the wealth industry.    Enjoy the episode!  ...

In this episode, we expose why the traditional wealth-building model is seriously flawed and then explore an alternative pathway to true financial freedom that generates strong, predictable cash flow.  We also discuss the simple formula for funding a $100k lifestyle without needing $10 million in net worth, the myths surrounding asset growth, and why you need grit and determination to break free f...

In this episode, I interview Kieran Johnson, state manager of Opportunity International, to explore the transformative power of small loans and their impact on poverty reduction in India and Indonesia. Kieran talks about the philosophy of 'infinite banking', the innovative ways business owners integrate philanthropy into their organisations, and Opportunity International's unique mo...

In this episode, we talk about how you can leverage Seneca's wisdom of anti-fragility to turn potential crises into fruitful investments and market chaos into your stepping stone to success.  We also talk about how to mentally prepare for potential losses, resist emotional attachment to assets, and get your personal finances in order - so you can act quickly when the right opportunities arise...

In this episode, we talk about reframing your relationship with financial loss so that it doesn't negatively impact your confidence or future investing success.  We also discuss the importance of mastering the art of comeback, the psychological impact of loss aversion, and why avoiding financial loss at all costs can be a misleading strategy.  Enjoy the episode!   TIME STAMPS: 00:00 - Intro 0...

In this episode, we talk about the essential financial metrics you should review at the beginning of every financial year to set yourself up for wealth-building and financial success. We also discuss the formula for calculating your "lifestyle burn rate", how to use your age and income to benchmark where your net worth should be, and why obsessing over your bank account balance or net wo...

In this episode, we talk about the widespread misconception that wealth is only for the elite few and how it is actually within reach for anyone determined and strategic.  We also discuss the importance of defining personal wealth goals, the strategies for managing and growing assets, and the key habits for successful wealth accumulation.    Enjoy the episode!   TIME STAMPS  00:00 - Intro 02:53 -...

In this episode, I share the 5 MOST IMPORTANT (yet rarely talked about) wealth lessons I've learned from spending over a decade with millionaires and billionaires.  If implemented properly, these simple yet profound principles can completely transform your financial trajectory.  We also talk about how to align yourself with those who have the results you want, why you should never fully outso...

In this episode, we discuss how strategic use of DEBT can be a powerful tool for rapidly growing your wealth, especially through property investing.  We also talk about why borrowing capacity matters at every stage not just when starting out, the importance of smart property selection to build your portfolio, and how you can manage your risks while still using healthy debt leverage. Enjoy the epis...

In this episode, we discuss a surprising twist in the journey to wealth building – could your intelligence actually be holding you back? We also talk about the impact of the Dunning-Kruger effect on financial decisions, real-world examples illustrating the consequences of overconfidence in investing, and why conducting a "financial autopsy" is critical for your wealth success.  Enjoy the...

In this episode, I share the 3 BIGGEST lessons I learned in my 20s so you can apply them to fast-track your way to financial success earlier than people your age. We also discuss the common mindsets that hold young individuals back from optimal growth, how to build skills that impact your wealth-building journey, and why you must reflect on both wins and losses to evolve as an investor.   TIME STA...

In this episode, we talk about the challenges and strategies of building wealth, particularly in the context of the Asian-Australian experience.  We also discuss the mindset shift between generations when it comes to prioritising money, practical steps to buy your first property as financial security, and balancing enjoying life now while still preparing financially for the future. Enjoy the episo...

In this episode, we talk about crafting your escape plan from the 9-5 grind with the "FU Number"—that golden figure signifying your financial independence.  We dive into why knowing this number is important, the pitfalls of setting it too low or high, and the three pivotal questions to help you calculate your personal FU threshold.   TIME STAMPS: 0:00 - Intro 1:12 - “FU Number” is the Po...

In this episode, I share the BEST 5 MONEY LESSONS I wish I had known in my 20s to help set you on a faster path to FINANCIAL FREEDOM without the costly missteps I made along the way. We also talk about the difference between being an investor versus a trader, why investing should be boring - NOT exciting, and how to CULTIVATE the essential investing mindset for the long term. Enjoy the episode! TI...

In this episode, we talk about the 5 most important lessons I learned while making my first million so you can implement them on your way to that seven-figure mark and beyond. We also talk about the transformative power of having clear financial aspirations, why chasing after the best blue-chip property isn't always the right strategy, and the pitfalls of trying to achieve everything all at o...

In this episode, we talk about the book 'The Millionaire Next Door' and how you can embrace the seven traits of wealthy people to help you achieve financial freedom sooner than you think. We also discuss what real wealth looks like beyond flashy cars and brand names, a unique formula to measure your success other than calculating net worth, and how to avoid the modern pitfalls derailing...

In this episode, we talk about the invaluable lessons I learned from a staggering $500,000 loss and how it can guide you to invest SMARTER and manage RISK better. We also discuss why "failing forward" is a necessary component in the wealth-building journey, the main reason inaction can be costlier than making mistakes, and debunk the myth that successful investors always get it right. En...

In this episode, we talk about 5 simple yet game-changing money hacks that could set you on the path to lifelong financial freedom. We also cover how to prevent financial self-sabotage, the benefits of separating your bank accounts, understanding your emotional triggers related to spending, and how micro habits can make you a multimillionnaire. Enjoy the episode!   TIME STAMPS: 0:00 - Intro 2:52 -...

In this episode, we discuss the dangers and illusions of the “You Only Live Once” or YOLO mentality and how it might be the invisible chain keeping you from attaining real wealth. We also talk about how to mindfully allocate your finances at any income level, debunk the ‘I’ll become better with my money when I have more’ myth, and share some practical takeaways on how to YOLO wisely so you can set...

In this episode, we discuss the top five money mistakes that keep you broke and then provide practical tips for avoiding them once and for all. We also talk about an effective three-bucket system for financial management, the risks of "YOLO" and "FOMO" mindsets on long-term financial well-being, the significance of questioning societal spending norms, and more. Enjoy the episod...