Money Magnet

Do you have a definite money goal – how much and by when? If not, then this episode will be very helpful. You’ll discover the trick to understanding and implementing Steve’s 10-8 Rule, as well as other benchmarks and financial short-cuts, for calculating how much income and assets you’ll need to enjoy a life and lifestyle that many others can only dream of.   See omnystudio.com/listener for privac...

It’s unlikely anyone plans to be poor, but are you planning not to be? As discussion moves to Chapter 4 of Money Magnet, Steve and Rohan reveal how the process people seem to be following when they haven’t made a plan is leading to poverty in retirement. Want to avoid this outcome? Then listen in find out how to avoid making the common ‘miscalculation of time mistake’ by considering and answering...

The central theme of this episode, which explores the concepts outlined in Chapter 3 of Money Magnet, is that if you don’t have a vision for your money, someone will. In such cases, money will leak and wealth will be repelled. Listen in for practical insights about how to improve your financial vision as a precursor to improving your finances. See omnystudio.com/listener for privacy information.

Many people hope for a better financial future, but in this episode Steve explains why hope is not enough before delving deeper and sharing what else is needed. Be on the listen-out for some fun personal facts, including how Steve misspent his youth doing something that cursed his dating prospects. See omnystudio.com/listener for privacy information.

Rohan made a career out of finding and exposing financial fraudsters, which is why he was surprised to hear that Steve thinks it is possible to get rich quick. Listen in for the scoop, as well as learning why starting at the end, and ending at the start is a great way to gain focus. See omnystudio.com/listener for privacy information.

Listen in to discover how the way you think and act around money affects your ability to attract and keep a fortune. Find out if you have what it takes to succeed financially, and if not, how you can get what you need before it’s too late. See omnystudio.com/listener for privacy information.

Are you worried that your parenting style might be hurting your children's financial future? Listen in to discover how well-meaning parents might be unwittingly making a big mistake, and why it is that family fortunes are made and lost over three generations. See omnystudio.com/listener for privacy information.

Listen in to find out why it took Steve 16 years to write Money Magnet to discover the surprising truth about how comfort zones can hold you back, and what’s needed to find the courage to chase your dreams. See omnystudio.com/listener for privacy information.

You’ve heard the saying, but is it true? How safe is real estate as an investment? In this episode, Steve explains how the residential property market is defying gravity and is actually poised to once again boom. He also shares four important tips for finding and maximising opportunities. See omnystudio.com/listener for privacy information.

Superannuation (aka Super) is often a person’s most important retirement asset, yet the topic is complex and confusing. Steve and Rohan break down what is super, explain recent important changes and give an important alert about how to make sure your super is performing. See omnystudio.com/listener for privacy information.

Is it a good idea to lend money to, or invest with, family and friends? Rohan raises several situations, including co-investing in a house and prenuptials, and seeks Steve’s guidance on how he’d consider structuring things to gain maximum protection against financial loss, and personal aggravation and anxiety. See omnystudio.com/listener for privacy information.

Is the Australian government’s deposit guarantee scheme of $250,000 per account something that can be relied upon? Discover the surprising detail in the fine print that waters down the effectiveness of the scheme, and how you can ensure you have maximum protection for minimum cost. See omnystudio.com/listener for privacy information.

Banks are not governments. They are profit making ventures which have been known to fail on a regularly frequent basis throughout history. Find out what causes banks to fail, and why the inherent nature of their liquid debts and illiquid assets mean most banks operate an inch away from insolvency. See omnystudio.com/listener for privacy information.

Incredible! Rohan has won tattslotto! Find out the details and whether life really is a dream for winners. This episode is also the first in a new mini-series titled “How safe is my money”. Rohan shares what he learned in psychology class, and Steve outlines who you can turn to in a crisis. See omnystudio.com/listener for privacy information.

The looming mortgage cliff is presenting as a scary proposition for 800,000+ borrowers and could crash the housing market and the economy. Steve and Rohan explore what the ‘mortgage cliff’ is, and what you can do (or how you can guide someone else) to avoid a financial disaster. See omnystudio.com/listener for privacy information.

Why do governments need to borrow, and is government debt going to lead us into a recession, or worse, as global interest rates rise? Some economists believe the normal rules of debt don’t apply to governments, but find out why Steve believes no one can escape the downsides of debt. See omnystudio.com/listener for privacy information.

Getting back to basics, Rohan seeks Steve’s help explaining how to build wealth by investing in real estate, before asking the question everyone seems to want an answer to: how do you find positive cashflow property in Australia? See omnystudio.com/listener for privacy information.

With interest rates on the rise, mortgages and the cost of everything on the up and up, households are feeling the financial pinch more and more. Discover what ‘Dictator Steve’ would do to fix the problem, and what you can do to prevent getting pinched in the first place. See omnystudio.com/listener for privacy information.

A listener in his 50s has written in seeking some guidance and investing direction, which leads to a very interesting case study and supporting discussion of important concepts everyone can profit from.  See omnystudio.com/listener for privacy information.

If teaching your kids to save is dangerous, what should you be teaching them? Steve and Rohan delve deeper into what you can do to empower your children and help them form lifetime habits that will see them attract, rather than repel, money. See omnystudio.com/listener for privacy information.

Pozi schemes are scams that topple over and cause huge losses for those taken in by them. Might property be a ponzi scheme? Find out why Steve McKnight says it might be, and what you can do to protect yourself from being wiped out if the ‘house of cards’ topples over. See omnystudio.com/listener for privacy information.

Did you parents drum into you the importance of saving? Are you telling your kids the same thing? Find out how you’ll never be rich if you can’t save, but you’ll never be rich by saving alone. The truth is saving is the outcome, and that a more critical skill is needed. Listen in to find out what it is. See omnystudio.com/listener for privacy information.

Ever wondered why they don’t teach good money habits at school? The answer is revealed in this episode, together with an outline of what parents should be doing to set their kids up for lives of financial empowerment (and it’s not leaving them a big inheritance!). See omnystudio.com/listener for privacy information.

Interest rates are on the up and up, which will be a crisis for some and an opportunity for others. Steve and Rohan start with the basics of what interest is and how it is calculated, before the conversation takes a very unexpected turn to a theory that has to be heard to be believed.   See omnystudio.com/listener for privacy information.

With home loan interest rates on the up and up, Steve & Rohan explain the pros and cons of whether or not it’s a good idea to fix your interest rate. Also, up for discussion is the relationship between inflation and interest rates, and why Steve believes rates need to go higher – maybe much higher, and why interest rates going back down will be an ill omen for the Aussie economy.  See omnystud...