In their next SHOT, Ryan and Terry delve into an idea from investing that can be used to normalise failure in order to speed up success when starting a business. Then, as a way to apply this idea they share a coveted decision making framework used by the worlds top military strategists, startup entrepreneurs, and athletes.Also in this episode:The faulty thinking that slows us down and keeps us stuck when pursuing ideas.Why the pursuit of collecting information can thwart the process of gathering intelligence (and making progress). How to use the OODA loop to accelerate learning and achieve &apos;traction&apos;. Show notesClick here to see notes on this show and all resources & links mentioned.Four factors trainingClick here to unlock the insiders training.Private podcast communityClick here to get to know us better, debrief episodes and access our top 100 resources.Follow us on InstagramClick here to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. 

Passive Income Project

#35 SHOT: How to normalise failure and speed up success

One of the biggest reasons people don&apos;t bet on themselves and build a business is because of not knowing how to manage the finances of a business. There&apos;s a whole new set of rules, and complexities that come with running your own shop - and it&apos;s all on you. Kate Toon knows this all too well. And she also knows how to overcome it. Kate is one of Australia&apos;s most successful, well known online business owners. And in this episode, she comes on the show to share her journey from scared small business operator to savvy business owner.Also in this episode:Why Kate went into business for herself at 5 months pregnant - and how it played out.How she managed to crawl out from under a 50k tax bill in 12 months (and why it happened)The big decision that led to a gigantic spike in income two and eventually pushed her beyond the million-dollar markThe simple question she used to reframe her resistance to learning about money in her business.Show notesClick here to see notes on this show and all resources & links mentioned.Four factors trainingClick here to unlock the insiders training.Private podcast communityClick here to get to know us better, debrief episodes and access our top 100 resources.Follow us on InstagramClick here to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. 

#34 Kate Toon: How to manage the money side of business (and build generational wealth)

In this episode, Ryan and Terry talk about one of the most common ways we self sabotage ourselves when it comes to our finances. In what feels like a delicate dance between pain and pleasure, we tend to choose wrongly, and the cost is progress and ultimately success. If you feel like you have a clear goal and have been working hard without really getting anywhere, you need to give this episode a listen. Show notesClick here to see notes on this show and all resources & links mentioned. Four factors trainingClick here to unlock the insiders training.Private podcast communityClick here to get to know us better, debrief episodes and access our top 100 resources.Follow us on InstagramClick here to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. 

#33 SHOT - The choice that is slowing you down and stifling your success

Business can be a vehicle for wealth. It can also become a burden on your time, a drain on your finances, and a risk to your relationships. In this episode, Terry brings on one of his mentors to explore this tension and how to deal with it. Lachlan Smith stepped off the career ladder to build a 60 person civil engineering company from scratch. He&apos;s tackled many of the toughest issues in business and built a machine that&apos;s made him both wealthy and wise. But it wasn&apos;t all smooth sailing, and Lachy shares much of his hard-won wisdom in this episode. Also in this episode:How volatility signals trick us into playing it safe and squandering our potential. How to think through the risk you&apos;re taking when starting a business (and the insight that allowed him to bet big on himself without fearing failure). The big idea that has played a major role in the growth and success of his business. And how it can be applied by any business. How to increase the odds you&apos;ll succeed by knowing the type of business environment you&apos;re in and the type of business you&apos;re building. Show notesClick here to see notes on this show and all resources & links mentioned. Four handbrakes masterclassClick here to unlock the insiders training.Private podcast communityClick here to get to know us better, debrief episodes and access our top 100 resources.Follow us on InstagramClick here to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. 

#32 How to build a business that works FOR you (without killing yourself in the process)

Change is hard. Especially when it feels like you have to let go of something you&apos;ve invested alot of time, money and emotional labour to build. In the first of their short SHOT style episodes (Short Hit Of Teaching), Ryan and Terry explore the concept of sunk costs and how they hold us back. Then, they share three powerful strategies for getting out of our own way and making the big moves that will get us more of what we want (and less of what we don&apos;t). Show notesClick here to see notes on this show and all resources & links mentioned. Four handbrakes masterclass Click here to unlock the insiders training.Private podcast communityClick here to get to know us better, debrief episodes and access our top 100 resources.Follow us on InstagramClick here to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. 

#31 SHOT: How to let go of the sunk costs that are holding you back

Starting out in business can be scary. There are so many unknowns, and even if you&apos;re excellent at what you do, business is a skill set that must be mastered in addition. As part of their short series on business, Ryan and Terry chat with Ray Corcoran. Ray is a business growth consultant with a colourful business story.Having owned and operated more than one business, and making the leap from corporate to business and having to go back to start again - Ray knows what failure and fear feels like. He also knows how to deal with it. In this candid conversation, they explore the trials and triumphs of being in business, and why the reward is worth the risk. Also in this episode:The turning point that started Ray&apos;s business journeyWhat Ray wishes he knew before he started a business The two skills that are most critical to focus on when starting outHow he dealt with the failure of his first business (and how it led to his next) How to deal with the fear and anxiety that comes with &apos;putting yourself out there&apos; Show notesClick here to see notes on this show and all resources & links mentioned. Four handbrakes masterclass Click here to unlock the insiders training.Private podcast communityClick here to get to know us better, debrief episodes and access our top 100 resources.Follow us on InstagramClick here to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. 

#30 Ray Corcoran: How to face failure and fear when starting out in business

 If you really study wealth for long enough and go deep enough, you&apos;ll start to see a clear pattern. And this pattern relates to how the &apos;self made&apos; types use their time and talent to earn money. It just so happens to be the quickest and most rewarding route also. In this episode we reveal the fast lane to financial independence that most personal finance gurus refuse to talk about. If you want to achieve financial independence without having to wait until you&apos;re too old to enjoy your money, this episode is for you. Show notesClick here to see notes on this show and all resources & links mentioned. Four factors trainingClick here to unlock the insiders training.Private podcast communityClick here to get to know us better, debrief episodes and access our top 100 resources.Follow us on InstagramClick here to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. 

#29 How to fast track financial independence (and find more meaning in your work)

Facing your financial fears as a couple can feel daunting and even dangerous. In this episode, Terry chats with Sarah and David Thwaites. Their story is a powerful example of how couples can move through the challenge that comes with change. In the space of a little over a year, they&apos;ve gone from suffering separately in silence to meeting weekly to manage their money and making big decisions together as a team. And in this conversation, they reveal the true value and rewards of tackling the money monster together as a team.Also in this episode:The driving force that was their catalyst for taking action and wading into the waters of money together.Their most important ingredient for aligning their effortsThe simple weekly ritual they never miss and how it&apos;s helped them increase their awareness and improve their results.The most important thing they&apos;ve learned from working on their money together.Advice for those who have tried and failed at this before.Advice for those who&apos;ve tried and failed at managing their money together in the pastShow notesClick here to see notes on this show and all resources & links mentioned. Four factors trainingClick here to unlock the insiders training.Private podcast communityClick here to get to know us better, debrief episodes and access our top 100 resources.Follow us on InstagramClick here to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. 

#28 How to face your financial fears together with your partner

In this episode, Terry&apos;s wife Elise comes on the show. Together they discuss their journey coming together as a couple and learning to manage their money together as a team. Also in this episode:Their biggest lessons around money and relationships.The big mistake couples make with managing money and how to avoid it. How a book about equality improved the way they think about managing their money together. The one thing you can do to make money conflicts more constructive. Why &apos;norms&apos; are so important, and how the practice of money mapping helped them establish more useful norms for communicating and collaborating around money. Show notesClick here to see notes on this show and all resources & links mentioned. Four factors trainingClick here to unlock the insiders training.Private podcast communityClick here to get to know us better, debrief episodes and access our top 100 resources. Follow us on InstagramClick here to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. 

#27 How to work together with your partner on your money life: a conversation between Terry and his wife

We all have different ideas about money. And that can make it tough to talk about, especially with your partner. In this episode, Ryan and Terry tackle &apos;the money talk&apos; and how to avoid the big pitfalls that only fuel the vicious cycle of tension and conflict that can occur.Also in this episode:The four stages of team development (and which stage couples often get stuck at when it comes to money).Why our partners might resist the money chat, and where that resistance comes fromThe simple, three-part model that can help you guide a money conversation to keep it constructive (even if this has never happened before).Show notesClick here for the show notes, links to all resources mentioned and a full transcript.Four factors trainingClick here to unlock the insiders training.Private podcast communityClick here to get to know us better, debrief episodes and access our top 100 resources. Follow us on InstagramClick here  to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. 

#26: How to get on the same (financial) page as your partner

In this episode, Ryan and Terry discuss a clever way to use equity in your home to build an ever growing stream of passive income. Financially savvy Aussies are using this little known strategy to pay off their home loan faster, save tens of thousands in tax, and accelerate their path to financial freedom. If you&apos;ve been concerned that paying down debt is limiting your ability to grow your wealth, this episode is for you. Also in this episode:How debt recycling is like fitness trainingWho should and shouldn&apos;t pursue this strategy. The essential ingredients that must be true for this approach to work. The 6 steps for executing this strategy with precisionA fully worked example with actual numbers and assumptionsThe key considerations relevant that play a role in how effective this can be. Show notesClick here for the show notes, links to all resources mentioned and a full transcript. Four factors trainingClick here to unlock the insiders training. Private podcast communityClick here to get to know us better, debrief episodes and access our top 100 resources.  Follow us on InstagramClick here  to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. 

#25 Debt recycling: how to use your home to build passive income (and smash your mortgage)

Debt is a pretty polarising concept. Some people love it, and it lures them into a lifestyle they can&apos;t afford. Others use it to accelerate their wealth. Others still avoid all forms of debt like the plague. In this episode, Ryan and Terry explore the various properties of debt and how the concept of debt interacts with our psychology and our circumstances.Also in this episode:The two different types of debtThe simple rule of thumb to know whether debt will be painful or usefulWhy and how debt can be a magnifier in the short term, but an accelerator in the long term.The debt quadrant: a simple tool for making informed decisions about debt.The four principles of proper lending: how to avoid financial suicide.Click here for  Show notesClick here for FREE insiders trainingFollow us on Instagram

#24 How to use debt to build your wealth (and avoid financial suicide)

In this episode, Terry chats with award winning mortgage broker and property advisor Chris Bates. Chris dispels the myths around mortgages and shares some of his best insights for navigating property purchase decisions and securing loans for property. If you're in the market for a new property soon, or maybe you're even looking to refinance and you want to make sure that you're making smart money moves with debt and property, this episode is going to give you a really firm foundation for clear thinking.Also in this episode:Why first home buyers games mainly benefit the government, not you the buyer, and exactly how much (warning: this might shock you) The most common mental mistake Chris see's people make when making decision about how much debt to get. How to think about the fixed versus variable interest decision and who wins (you or the bank) long-term according to the stats.The exact process and path that Chris took to purchase his own property and the tools and tricks that he recommends for prospective buyers.How shifting trends in property purchasing post COVID might impact for those looking to buy a property that appreciates in value over time.Show notes:https://cashflowco.com.au/pip23/Unlocked insiders training: four factorshttps://cashflowco.com.au/fourfactors/

#23 Chris Bates: How to make smart money moves with debt and property

It&apos;s true that the best investment you&apos;ll ever make is the investment you make in yourself, but that doesn&apos;t mean it&apos;s easy. No one ever really explains how we should think about making these investments in our future. And at the same time, the internet has unlocked a universe of possibilities, but more choice often makes choosing harder.   In this episode, Ryan and Terry discuss how they think about using money to make time and talent more productive. If you&apos;ve ever been paralysed by inaction or wasted money on courses and programs in the past, this episode is for you. Also in this episode:The counterintuitive strategy that fast tracks personal and professional progress.  How the worlds highest paid people think about allocating their time to make their highest contribution.The simplest way to uncover your signature strengths.7 simple questions to assess any development opportunity. Show notes and resourceshttps://cashflowco.com.au/pip22/Four factors traininghttps://cashflowco.com.au/fourfactors/

#22 How to invest in yourself to reach your full potential

In this episode, Ryan and Terry discuss the most powerful insight they&apos;ve learned for realising potential and achieving big ambitious goals. If you&apos;ve set big goals for the year and what the cheat code for success, this episode is for you. Also in this episode:The biggest mistake we tend to make when going after our goals - and why the smartest people are the most prone to making this mistakeThe simple if-then rule that completely changes what&apos;s possible by unlocking latent potential and freeing up our time. An easy way to make decisions about how to use money to leverage this insight and achieve your goals without burning out. Show notes and links:https://cashflowco.com.au/clone-of-family-finance-how-to-get-ahead-on-a-middle-income-with-kids/?preview=trueFour Factor Insiders Training:https://cashflowco.com.au/fourfactors/

#21 How to unlock achievement and abundance (without burning out)

Two young Aussies discuss their journey and lessons in personal finance, investing and career success.

hubhopper

Passive Income Project

hubhopper