Money Over 50

Dallas and Michael discuss what it is that a financial adviser actually does for their clients. The role of guidance and direction is just as important as the technical-know-how. 
For all listener questions/feedback, please contact the team at podcast@mo50.com.au
 

This episode provides some background on the Money Over 50 podcasters, diving into what their business actually looks like in terms of size.
For all listener questions/feedback, please contact the team at podcast@mo50.com.au

This episode discusses the logistics of "profit first" and how you can put the theory into place in your household.
Reference: Book "Profit First" by Michael Michalowicz
For all listener questions/feedback, please contact the team at podcast@mo50.com.au

This episode discusses the theory of "profit first" Revenue - Profit = Expenses and why it is better than the old way of thinking of basing your profits off your revenue and expenses Revenue - Expenses = Profit (Michalowicz, 2017). The theory was originally based at a company level, but has been adapted by Michael and Dallas to suit a household.
Reference: Book "Profit First" by Michael Michalowicz
For all listener questions/feedback, please contact the team at podcast@mo50.com.au

We know that when betting on a 'sure-thing' racehorse, there is still a large chance that it won't win and you'll lose the gamble. But when it comes to investing in a single company, people struggle to see that it very similar to a gamble. The gamble can be educated, but there is still a very real risk of you losing.
For all listener questions/feedback, please contact the team at podcast@mo50.com.au

For all listener questions/feedback, please contact the team at podcast@mo50.com.au
Michael and Dallas discuss how a big of a difference a regular investment of $100 can make to your future savings. Have a look at your expenses, is there a spare $100 that is being spent each week on something with little to no value that you could invest instead?

For all listener questions/feedback, please contact the team at podcast@mo50.com.au
In life, you'll find yourself making mistakes often and it is no different in the world of investing. But, it is the lessons learnt and the decisions made afterwards that can make a positive impact on your plans.

For all listener questions/feedback, please contact the team at podcast@mo50.com.au
Michael and Dallas discuss the importance of looking at the short term objectives and doing the best you can do during those periods. Focusing on your short term objectives can help make that long term goal become more achievable.