START WELL‪™‬ Dawn Thomas

Episode 12 of the START WELL™ podcast, titled "Buying
Happiness," features  author and podcaster Kate Campbell. In this episode, Kate discusses her new book, which she had her friends in their twenties in mind, when she wrote this book. The book focuses on helping people find contentment with their financial situations while also
empowering them to progress financially.

 

Kate emphasizes that money is more than just numbers. She highlights the importance of integrating one's money history and mindset with practical strategies for financial advancement. Her goal is to convey that understanding and managing money involves a blend of emotional and practical elements. She wants people to recognize that achieving financial well-being requires a holistic approach that includes both personal financial history and actionable steps for improvement.

Kate also stresses the importance of not comparing oneself to others when measuring success. Instead, she suggests focusing on what you admire about others' achievements and how those can relate to your own goals.
She has tips on how you can have open money conversations with others which is still inclusive and not presumptuous.

When it comes to children, Kate provides tips for making
money conversations open and educational within the household. She advises explaining how financial systems work, such as how a mortgage needs to be paid off, and the concept of cash in an increasingly cashless world. She advises against expecting kids to do what you have done because what works for you may not work for them. It is more about supporting them in finding their own way,
versus following your way. Kate recommends allowing children to take healthy financial risks, referring to the book "50 Risks to Take With Your Kids." This approach helps them learn to navigate different financial
situations. She says some of the best things happen on the other side of taking a risk. Additionally, she encourages involving kids in planning and budgeting for activities like holidays, helping them understand the end-to-end costs
involved.

 

General Advice

Warning – This Podcast contains general advice. The

information, including tax information and any advice
provided in this Podcast, does not take into account your objectives, financial situation or needs. Because of that, you should before acting on the advice, consider the appropriateness of the advice, having regard to those
things. If the advice relates to a particular financial product, you should obtain the relevant Product Disclosure Statement for any product mentioned and
consider its contents before making any decision. You should consider talking to a financial adviser before making a financial decision.  Dawn Thomas is
a Senior Financial Adviser and is an authorised representative of TWD Licensee Services Pty Ltd ABN 88 605 064 480 Australian Financial Services Licence
No.475964 (TWD Licensee Services).

Episode 11: The Richest Man in Babylon – Grant Millar

 

In this episode of the START WELL™ podcast, we have guest book reviewer Grant Millar, GIF master, dad of 2, financial adviser and former DJ (rumoured). We discuss the classic financial book The Richest Man in Babylon by
George S. Clason, which has sold over 2 million copies and been in circulation since 1926. Grant has engaged with this book as an audio book and provides not
just his experience, but the feedback from his family, from the small snippets they listened together to in the car. The book due to its language, which is written in olden style English, may not be everyone’s cup of tea but it still covers the important foundations of finance. Some of the writing in the way people are represented (or not represented) has not stood the test of time. Grant says this book could
be engaging for some, and inaccessible to other (his family were not too impressed), however in all cases there is the opportunity to bring back money lessons from the book to the home. Grant recommends this as an audio book which you could complete in 3 hours.

The Richest Man in Babylon: Key Principles

Parables are grouped into overarching themes of financial
advice, notably "The Seven Cures" and the "Five Laws of
Gold."

Seven Cures For a Lean Purse:

Start thy purse to fattening: Save 10% of income to build wealth.
Control thy expenditures: Avoid unnecessary expenses.

Make thy gold multiply: Invest wisely and compound
returns.

Guard thy treasures from loss: Avoid risky investments.

Make of thy dwelling a profitable investment: Own your
home.

Ensure a future income: Plan for retirement and family
security.

Increase thy ability to earn: Continuously develop
skills.



Five Laws of Gold:

Gold cometh gladly to those who save: Saving is the
foundation of wealth.

Gold laboreth diligently for the wise owner: Investments
grow with wise management.

Gold clingeth to the cautious owner: Invest wisely with
expert advice.

Gold slippeth away from unfamiliar investments: Stick to what you know.


Gold flees from risky ventures: Avoid impractical or aggressive strategies.


These principles emphasize the importance of saving, wise investment, caution, and avoiding imprudent financial decisions.

 

Follow for more money conversations.

 

 

 

 

 

 

General Advice

Warning – This Podcast contains general advice. The

information, including tax information and any advice
provided in this Podcast, does not take into account your objectives, financial situation or needs. Because of that, you should before acting on the advice, consider the

appropriateness of the advice, having regard to those
things. If the advice relates to a particular financial product, you should obtain the relevant Product Disclosure Statement for any product mentioned and
consider its contents before making any decision. You should consider talking to a financial adviser before making a financial decision.  Dawn Thomas is a Senior Financial Adviser and is an authorised representative of TWD Licensee Services Pty Ltd ABN 88 605 064
480 Australian Financial Services Licence No.475964 (TWD Licensee Services).

START WELL™ Podcast, Episode 10 - "The Psychology of
Money"

 

In this episode of the START WELL™ Podcast, our resident
reviewer, Michelle Flanagan, shares her insights on the beloved book "The Psychology of Money" by Morgan Housel.

 

Key Points Covered:

Unconventional Approach: Housel's book stands out from
traditional finance literature by employing storytelling to convey its messages.

Wealth vs. Riches: Michelle appreciates the book's
exploration of the distinction between being wealthy and being rich, emphasizing the importance of personal fulfillment and contentment over mere material wealth.

Confidence and Comparison: The book encourages readers to cultivate confidence in their own financial journey without succumbing to the trap of comparing oneself to others.

Time as a Commodity: The idea of time as a valuable
currency. Planning finances effectively can grant individuals greater control over their time, a perspective Michelle finds particularly important.

Audiobook Experience: Given the book's dense text, listening to it as an audiobook could offer a more immersive and engaging experience.

Representation Observation: We note a predominance of male characters in the book, suggesting potential implications for inclusivity and diverse perspectives.

Parent-Child Resource: Michelle evaluates the book as a
valuable resource for fostering financial conversations between parents and children, awarding it a commendable 4 out of 5 rating.

 

Thank you for listening to the START WELL™ Podcast. Be sure to subscribe for more enriching discussions on personal and finance and growth.

General Advice

Warning – This Podcast contains general advice. The

information, including tax information and any advice
provided in this Podcast, does not take into account your objectives, financial situation or needs. Because of that, you should before acting on the advice, consider the appropriateness of the advice, having regard to those
things. If the advice relates to a particular financial product, you should obtain the relevant Product Disclosure Statement for any product mentioned and
consider its contents before making any decision. You should consider talking to a financial adviser before making a financial decision.  Dawn Thomas is a Senior Financial Adviser and is an authorised representative of TWD Licensee Services Pty Ltd ABN 88 605 064 480 Australian Financial Services Licence No.475964 (TWD Licensee Services).

 

 

START WELL™ Podcast: Episode 9 - Girls that Invest

 

Our Resident Book Reviewer Michelle Flanagan helps us
discuss and unpack the popular book Girls that Invest In this episode of the START WELL™ Podcast, we delve into the world of investment through a unique lens: that of women taking charge of their financial futures. Our guest Michelle Flanagan, Principal Adviser at The Wealth Designers, steps in as our resident book reviewer (coming up The Psychology of Money and Rich Dad, Poor Dad).

Michelle graciously offers her insights and expertise by
reviewing this hugely popular book. She recommends this book for its plethora of valuable lessons, contemporary references (like TikTok) that connect to a younger audience, and its strong call to action to just get started on the path to financial empowerment. Michelle likes the book's robust action plan at the end of each chapter and addressing potential challenges her readers may face
from those around them when beginning their financial empowerment journey.

 

Michelle liked how the author, Simran, uses interesting analogies to help the reader understand concepts such as likening investing to skin care. A concept that particularly stood out to Michelle was how Simran, articulates the impact of stagnant wages effectively amounting to a pay cut due to inflation. Michelle appreciates the directness
with which Simran addresses such crucial concepts. It's worth noting that while the book isn't solely focused on investing, it plays a vital role in empowering women to strengthen their overall financial position.

Michelle has given this book a 5/5 in relation to how impactful it would be for a young person or a parent wanting to share a book with their kids.

 



General Advice

Warning – This Podcast contains general advice. The
information, including tax information and any advice provided in this Podcast, does not take into account your objectives, financial situation or needs. Because of that, you should before acting on the advice, consider the
appropriateness of the advice, having regard to those things. If the advice relates to a particular financial product, you should obtain the relevant Product Disclosure Statement for any product mentioned and consider its contents before making any decision. You should consider talking to a financial adviser before making a financial decision.  Dawn Thomas is a Senior Financial Adviser and is an authorised representative of TWD Licensee Services Pty Ltd ABN 88 605 064 480 Australian Financial Services Licence No.475964 (TWD Licensee Services).

In this episode of the START WELL™ podcast, we speak  with Marc Bineham, author of "The Money Sandwich." With over three decades of experience as a financial adviser, Marc brings a wealth of insight into the challenges faced by the "sandwich generation" – those caught between the responsibilities of raising
children and caring for aging parents.

 

Marc's book is a beacon of guidance for individuals
navigating this complex phase of life. He understands the time constraints that pull people in multiple directions, often hindering their ability to plan effectively for their financial futures. What sets "The Money Sandwich" apart is its recognition of the diversity of circumstances among
its readers. Marc advocates for a step-by-step approach tailored to each individual's unique situation, rather than imposing a one-size-fits-all solution.

 

One of the book's standout features is Marc's pragmatic
approach to financial management. He emphasizes progress over perfection, encouraging readers to work within their means and make incremental strides
towards their goals. Rejecting the notion of strict budgets or demonizing credit cards, Marc empowers his audience to take control of their finances without feeling overwhelmed by unrealistic expectations.

 

Central to "The Money Sandwich" are the real-life
stories woven throughout its pages. Drawing from his extensive client interactions, Marc shares anecdotes that illustrate the diverse challenges and triumphs experienced by individuals in similar circumstances. From managing
money with his own daughters to educating grandparents on the intricacies of investing, Marc offers practical insights gleaned from personal and professional experiences alike.

 

A key concept discussed in the book is the "Goldilocks
phenomenon" observed in retirement planning. Marc highlights how individuals often gravitate towards the default option within their superannuation, opting for a balanced approach out of fear of making the wrong
choice. However, he cautions against this mindset, as it can significantly impact long-term returns and hinder financial growth. By challenging conventional wisdom and providing actionable advice, Marc empowers readers to
make informed decisions that align with their financial objectives.

 

Tune in to this enlightening episode as Marc Bineham shares
his expertise on navigating the financial complexities of the "sandwich
generation" and offers invaluable insights for securing a prosperous
future.





General Advice

Warning – This Podcast contains general advice. The
information, including tax information and any advice provided in this Podcast, does not take into account your objectives, financial situation or needs. Because of that, you should before acting on the advice, consider the
appropriateness of the advice, having regard to those things. If the advice relates to a particular financial product, you should obtain the relevant Product Disclosure Statement for any product mentioned and consider its contents before making any decision. You should consider talking to a financial
adviser before making a financial decision. 
Dawn Thomas is a Senior Financial Adviser and is an authorised representative of TWD Licensee Services Pty Ltd ABN 88 605 064 480 Australian Financial Services Licence No.475964 (TWD Licensee Services).

Episode 7: Girls Just Wanna Have Funds with Molly Benjamin

 

In this episode of the START WELL™ podcast, we sit down with Molly Benjamin, the author of "Girls Just Wanna Have Funds." Molly's book has been highly recommended for young women seeking to navigate the world of personal finance.

Molly is known for her vibrant approach to personal finance. With a background in communications within the financial sector, Molly brings a unique perspective to money management.

Learning from her own challenges with finances, Molly's journey led her to establish the Ladies Finance Club in 2018, aimed at empowering women to take control of their financial futures.

About "Girls Just Wanna Have Funds":

 Molly's book is not just informative; it's also engaging, fun and
relatable, making finance accessible to all.

The book covers everything from the basics of money
management to more advanced strategies for financial success.

Concepts like risk profiles are explained in relatable
terms, such as comparing different types of shoes (Stilettos High Risk High Reward).

Molly's ability to connect with her readers makes them feel like part of her inner circle.

The Birth of Ladies Finance Club:

Over a casual gathering with friends, Molly realized the
lack of financial literacy among women and decided to host an informational
event.

The success of this gathering led to the creation of Ladies
Finance Club in 2018, which has since expanded to Australia and gained
widespread recognition.

With over 35,000 women attending various events and
workshops, Ladies Finance Club has become a trusted resource for financial
education.

Molly's Mission:

Molly's ultimate goal is to empower women to achieve
financial independence, giving them control and freedom over their lives.

Through her work with Ladies Finance Club and the
publication of her book, Molly is making significant strides in fulfilling her
mission.

Join us as we delve into Molly Benjamin's journey and learn how she is empowering women to take charge of their financial destinies.

General Advice

Warning – This Podcast contains general advice. The
information, including tax information and any advice provided in this Podcast, does not take into account your objectives, financial situation or needs. Because of that, you should before acting on the advice, consider the
appropriateness of the advice, having regard to those things. If the advice relates to a particular financial product, you should obtain the relevant Product Disclosure Statement for any product mentioned and consider its contents before making any decision. You should consider talking to a financial adviser before making a financial decision. Dawn Thomas is a Senior Financial Adviser and is an authorised representative of TWD Licensee Services Pty Ltd ABN 88 605 064 480 Australian Financial Services Licence No.475964 (TWD Licensee Services).