Money Magnet

What will be your legacy - how you’ll be remembered after you are passed on? This topic is the perfect climax to the Money Magnet podcast, which concludes with an invitation to those who are wondering ‘what next?’ See omnystudio.com/listener for privacy information.

If giving money means less for you, what role does it play in wealth creation? The surprising answer provided might question the worth or value of giving and whether your focus is aligned with the way you make, manage and multiply your money. See omnystudio.com/listener for privacy information.

Beginning Part 4 of Money Magnet, Steve & Rohan discuss their experiences watching other people use money to help and hinder their personal lives and explore ideas for how people can add meaning to their money beyond simply dollars and cents.  See omnystudio.com/listener for privacy information.

Discover the three ingredients needed to become and remain rich, together with the method for combining them so you can make the most money, in the quickest time, for the least risk and lowest aggravation. See omnystudio.com/listener for privacy information.

While unpacking an intriguing new saying, Rohan quizzes Steve about his 7-step ‘path to prosperity’ system for making, managing and multiplying a fortune that counts.  See omnystudio.com/listener for privacy information.

Steve and Rohan discuss how to spot and avoid debt traps in order to help you stay off the road to poverty, which is paved with good intentions gone bad through the use and abuse of debt. See omnystudio.com/listener for privacy information.

Is owning a home still the Great Australian Dream, or is getting into a multi-decade financial commitment a precursor to a nightmare situation that ends in an asset-rich, income-poor financial reality? Steve outlines his plan for having income from investments, and home security too. See omnystudio.com/listener for privacy information.

Find out why the common phrase of ‘good debt and bad debt’ is a lie perpetrated by lenders who want to gain customers for life, and who want to profit from debt servitude. Steve explains how he has used self-liquidating assets to create wealth. See omnystudio.com/listener for privacy information.

Given it’s almost impossible to save your way to financial freedom, why do parents preach to their kids the importance of saving up their money, when what’s really needed is for parents to show their kids how to invest? Keep an ear out for the explanation of a valuable Steveism about how savings are a store of wealth, not a source of wealth. See omnystudio.com/listener for privacy information.

Steve and Rohan explore the concept of how money can be sticky or slippery as they discuss the principle of it’s not how much you make, but rather how much you keep that counts. Listen in to find out why a dollar saved is more than a dollar earned. See omnystudio.com/listener for privacy information.

Have you ever heard the saying about working smarter rather than working harder and wondered how exactly that can be done? The answer is outlined in this episode via Steve’s TMM principle. See omnystudio.com/listener for privacy information.

The secret to abundant and lasting wealth is so simple it could be taught at kindergarten. Find out what it is, and how you can use it to transform your financial future. See omnystudio.com/listener for privacy information.

Using the wisdom of his late grandfather, Steve looks ahead to Part 3 of 'Money Magnet' and confesses the biggest mistake he’s ever made as an investor, and what you need to do to avoid following in his footsteps. See omnystudio.com/listener for privacy information.

Why is it that people less smart than can still accumulate more wealth than you? The surprising reason is revealed and explained, as is a handy benchmark you can apply to see if you are an average, under or prodigious accumulator of wealth. See omnystudio.com/listener for privacy information.

After sharing the insight that wealth is generational, Steve explains why the first generation makes it, the second generation holds it, and the third generation squanders it. Rohan asks Steve about how he prepares his kids for handling money before asking whether it’s smart to leave your kids an inheritance. See omnystudio.com/listener for privacy information.

How would you rate your financial pedigree – purebred or mongrel, or maybe something in-between? Discover how your financial IQ and financial EQ combine to determine whether you are naturally money attractive, as well as how to overcome poor financial programming. See omnystudio.com/listener for privacy information.

In a recent study, approximately 85% of Australians were found to have poor or average financial literacy. Find out what this means for the country generally, and for you specifically in terms of your ability to attract and keep a fortune that counts. See omnystudio.com/listener for privacy information.

As Steve and Rohan recap all Money Magnet’s Part 1, pay attention to the summary of now, then and when, as the precursor to understanding how to answer the questions ‘how’ to invest and ‘what’ to invest in. See omnystudio.com/listener for privacy information.

Have you ever wondered what prompted Steve to buy 130 properties in 3.5 years, and how he went about achieving it? All is revealed as Steve and Rohan discuss how to go about accomplishing a seemingly impossible goal. See omnystudio.com/listener for privacy information.

If you’re trying to accumulate wealth on the fly then you’re akin to a builder constructing a house without a plan, and the result is likely to be problematic. In this episode Steve shares his recommended blueprint for building lifetime wealth. See omnystudio.com/listener for privacy information.

Time accountability is a key skill for ensuring that you operate at peak productivity, but is having to split up your day into six minute interviews overkill? Discover how to count your time so you can make your time count. See omnystudio.com/listener for privacy information.

Who knew that how you received pocket money as a child forms a behavioural pattern for the way you handle your finances as an adult? If you’ve got kids, you’ll definitely want to listen in. See omnystudio.com/listener for privacy information.

What are the common mistakes that lead to financial slavery, and how can you avoid making them? And why is being your own boss, which some laud as being superior to working for someone else, possibly flawed thinking?  See omnystudio.com/listener for privacy information.

Want to retire rich, retire early but don’t know how? Steve explains the model he used to achieve financial freedom and retire from having to work at age 32 – a model that’s just as applicable now as it’s always been. See omnystudio.com/listener for privacy information.

Given we’re all living longer, and many people desire to stop working earlier, the question everyone needs to answer is: how will you survive when you stop working? In his book, Money Magnet, Steve outlined four options, the first three of which are discussed in this episode: welfare, compulsory superannuation and voluntary superannuation. Steve also shares his thoughts on how to find a good accou...