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I used to think a successful property investor could easily translate their experience into success in the share market.
Until I learned just how different the two asset classes are.
While there are some skills that overlap, they require fundamentally different strategies to work.
In this week’s article, I discuss:
— The brutality of the business world
— Individual companies vs individual properties
— Supply, demand, and uncertainty
— Volatility, emotions, debt, and leverage
Read: Why Property and Shares Are So Different
STRONG MONEY PODCAST
In the latest Strong Money Podcast, I explore the tricky art of balancing enjoyment now with building for the future.
I share my thoughts on how to prioritise what matters most and get clarity in your life.
Not just so you feel good, but so you can confidently carve your own path, stay on track and beat FOMO.
Listen here on Spotify, Apple, or on the website.
AUSSIE FIRE PODCAST
In the latest episode of Aussie FIRE, we tackle some listener questions around:
– When it’s okay to start splurging (in a big way)
– Savings account vs share returns
– How to use a $500k inheritance
– What to do with unused home equity
– Margin loans vs debt recycling
Listen now on Spotify or Apple.
BOOK TWO UPDATE
As you guys know, I’ve been busy working on the second book in the background.
This will be a natural follow-on from the first Strong Money book, designed specifically for those of you about half-way to FI or further along.
Anyway, the first draft is done, and it’s actually looking like a book!
In the editing stage now, and still lots to do. But I think this will really help a lot of people struggling with fears around FI, One More Year Syndrome, and the next steps of turning the wealth they’ve built into a life they love.
Lots going into it, but I’ll update you more on the book’s content soon. For those wondering, no title at this stage, but will keep you posted and ask for your input when the time comes.
Stay tuned! 🔥
THOUGHTS OF THE WEEK
It’s better to be 40 years old with $2 million, than 80 years old with $200 million. Maximum time and freedom beats maximum money. The 80 year old will just wish they were 40 again.
It’s almost like the system is designed to keep you working forever. Schools teach you little about wealth, most adults have no clue, and the media scares you into submission. You’re meant to shut up, not question anything, and be a good little slave. And most ppl accept it…
Let’s say the doomers are right. Let’s say AI is going to take millions of jobs and displace large numbers of people. How does that not motivate the shit out of you to save, invest and build as much wealth as possible while you still have a chance?
NEW INTERVIEW
I was just on the Two Drunk Accountants podcast.
But there was only one accountant – the other is on paternity leave – and he was sober… I think.
Nevertheless, we spoke about my story, how much the average lifestyle has changed over the years, tweaking your finances for big savings, and how to invest in shares for the long term with confidence.
Listen to the interview here on Spotify.
