Episodit
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Dave and John talk about how they learnt to understand the investing world to help their families secure their future. The goal is to free up time and reduce stress so that parents can be more present with their kids and enjoy the small moments! Links to all mentioned resources below!
Show runsheet:
Youâve got control over your finances and have a surplus, now what?Assets vs liability - Assets bring money in, and liabilities cost you moneyIs your home a liability?Different asset typesInvestment properties, shares, business.Shares:What are they? - small pieces of businesses for you to own, which change in value (hopefully increase) and often pay dividends when the business is profitableWhat our investing philosophies areDave: Property is the centerpiece and shares are on the fringeJohn: Shares are the centerpiece and entrepeneurship is on the fringePros and cons of property and sharesList of resources:Equity Mates - Get started investing playlist - https://open.spotify.com/show/2ZzAxuxFmQ1U78pL3RMxnsInvestED - value investing - https://open.spotify.com/show/0lsnMTJtjubPtXDiSOGpFrThe Property Couch - https://open.spotify.com/show/09ofZB3Y6309Q88HZSzlopAussie Firebug - https://open.spotify.com/show/0qtgsURJynMebHSQcFwqTtThe Little Book that (still) beats the market - Joel Greenblatt - https://open.spotify.com/episode/3dKkfy3bnVysDN5GhsoSUxThe Dhando Investor - Monish Phabrai - https://open.spotify.com/show/5P4AyV2R7BobWufalW6kl8Rule 1 Investing - Phil Town - https://open.spotify.com/show/00isQs80c5XvBAPd1sPLSDMoney Smarts - Bryce Holdaway & Ben Kingsley - https://thepropertycouch.com.au/product/make-money-simple/The Armchair Guide to Property Investing - Bryce Holdaway & Ben Kingsley - https://www.thearmchairguide.com.au/order-form-528524771642987655481DAD HACKS
John: Go see a tax professional to help formulate tax effective ways to structure your finances - there are a lot of laws and strategies so use professionals to find your best outcome. Dave: Involve your kids in your exercise regime. Time poorBike ridesRunshow to Fun at the park -
It might be two weeks late, but the boys pulled through to bring some chat around financial nesting. They talk about why they both took on cleaning up their personal finances, how they got control, reduced stress and began accumulating weatlh with every paycheck. What are the bonuses? Having the freedom to change jobs whenever, stop worrying about bills, and ultimately buy back time to spend with their kids
Disclaimer: This is not financial advice, there are no guarantees. If you're looking for personalised advice, seek help from the professionals near you
'Rich Dad Poor Dad' - Robert Kiyosaki: https://www.audible.com.au/pd/Rich-Dad-Poor-Dad-Audiobook/B00FGA7BUG?action_code=ASSGB149080119000H&share_location=pdp
'The Barefoot Investor' - Scott Pape: https://www.audible.com.au/pd/The-Barefoot-Investor-Revised-and-Updated-Edition-Audiobook/B072JX1MH6?action_code=ASSGB149080119000H&share_location=pdp
Show Runsheet:
'Know thy self, know thy enemy, a thousand battles, a thousand victories' - Sun Tzu
KNOW THY SELF:
Why accumulate wealth?Provide safety for our familyReduce stress over bills that contribute to tension in our relationshipsBuy back time from âthe manâ to spend with family and friends (coaching sport teams)Provide maximum opportunity for our children to be creative and provide the best impact they can on society.Why did it take us so long to get into it?I believed that a high income was how you got richI hate math, and I assumed finance was really boringI did not realise that wealth accumulation was behavioural, not a strict budget and constant excel spreadsheetingDiscuss how our personalities impact our money managementJohns creative chaos vs Daveâs considered calculationMoney Management:Track expenses (atleast 3 months worth)Gives you an idea of where you are over spendingYou become more conscious of your spendingUse the excel cashflow budget - it has graphs!Budgets need to be forward facing, but you need to review at the end of each monthWork out the best money system for youDave: Savings, weekly expenses and splurge account. All incoming money into savings account, all bills come out of savings. I pay myself each Thursday from my savings (amount is based on my budget) into weekly expenses and splurge account. This must last all week. Other people like to have heaps of accounts for all their different expenses ie. fuel, groceries, shopping, holiday accounts. If it works for you great, however it takes more work.KNOW THY ENEMY
Finding the enemy from the alliesShop around on your âfixedâ billsSpeak to a mortgage broker about your interest rate.Review all insurances (car, home/contents, life, TPD, income protection) yearly.Budget your discretionary spending ie. eating out, subscriptions, shopping, gym, in app spending, haircuts hahaThe enemy is consumerism and unchecked spendingThe Hedonic Treadmill -
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Dave and John talk about being in the thick of the newborn phase, from changing clothes for the first time, hearing tests (for the babies, not the husbands) and how much time to take off work.
The boys share their experience of baby blues and how they could best support their partners in their roles of caring for the newborns.
The Wonder Weeks: https://www.thewonderweeks.com/
The 5 S's for Getting Baby To Sleep: https://www.happiestbaby.com/blogs/baby/the-5-s-s-for-soothing-babies
How to Cut Your Own Hair: https://www.youtube.com/watch?v=eUwR_CbezmQ
Modern Day Dad Challenges:
Daveâs Surprise: The golden bullet strikes againI believe the words used where âbaby making machineâHospital stay:First night - what our experiences wereTests done on babies in the hospital:hearingHepatitis b and vitamin K vaccineBreast feedingCollecting colostrumLatchingMany opinions presented as factNipple confusion - bottles and dummiesSkin to skin contactSwaddling to stop moro reflexBack home:Putting bub in the car seat for the first timeIntroducing bub to petsThe importance of the first month - western vs eastern culturesHow long to take off workChallenges we facedDave: Overtiredness, learning wake windows, googling fucking everything, first bath, being overly anxious about her sleepBaby blues: Mood swings, anxiety, stress, overwhelm. 80% of women experience the baby bluesOccur between 3-5 days post birthRapidly changing hormone levels that happen during birth and soon after.Birth experience can also play a rolePND rate according to the national institute of health âPostpartum depression most commonly occurs within 6 weeks after childbirth. PPD occurs in about 6.5% to 20% of women. It occurs more commonly in adolescent females, mothers who deliver premature infants, and women living in urban areas.âEat, burp, change, sleep, repeat (and cuddles)âSleep while baby sleepsâNappy changesDont leave poop too long as it can cause skin irritationAny redness of skin needs cavilon, bepanthan, sudocremFemale anatomy, wipe front to backMale anatomy, get all the crevices Tummy time, contrasting coloursTrying to eat meals while theyâre still hotWhat Dadâs Didnât Teach (John): 5min
Alex's Pram modificationTeach your wife to cut your hair - actually, thats a risk, cut your own hairTalk about the fade tutorials on YTDad Hack/Advice (Dave): 5min
Make household chores fun with toddlers:As blokes we constantly have a to do list of what needs to be done around the houseGet the kids involved and make a game of itStudies show that kids who are involved in chores at a young age tend to do better academically and have improved problem solving skillsKids love to feel needed and part of the team âhelpâ -
In todays episode, Dave and John jump into their family experiences of second and third trimester. They chat about scans, plans, testing and nesting and all the miscellaneous purchases they made before the kids arrived.
The Dads share hacks like the nappy trolley (with links below), styling your beard to shape your face - which will make you look exactly like David Beckham and you will be as rich as him. All the while Dave suggests to train your children to play the sport you like, and then teach them a pub game so they're occupied while you drink 46 schooners.
Ikea RASKOG - https://www.ikea.com/au/en/p/raskog-trolley-yellow-30496650/?utm_source=google&utm_medium=surfaces&utm_campaign=shopping_feed&utm_content=free_google_shopping_clicks_Kitchen&gad_source=1&gclid=Cj0KCQiAv8SsBhC7ARIsALIkVT2kNophP3hjn030ZhijFTh2x8wOWPocgSCyFElG6RUBxOXg45bDxKsaAm4FEALw_wcB
Runsheet:
Trimester 1 - what we missed last week:When to share pregnancy news and with who12 week scan - 12-13 weeks. Looking to see if baby is developing as expected. Second Trimester20 week scan. Again looking to see if baby is developing as expected. This is the scan where the sonographer can tell you the gender. Should you attend appointments with your partnerTests - NIPT (NIPT done in trimester 1) looking for hereditary diseasesNon-invasive prenatal testing - looking at chromosomal disorders eg. down syndrome. Can also determine babies gender earlier than 20 week scanCosts associated with testing Pregnancy insomnia Now is the time to buy everything - generally your partner is feeling good in second trimester (morning sickness is hopefully gone). What should and shouldn't you spend money on in preparation for babies arrivalThird TrimesterJohns partner, Renee described it as â fucking sucksâ and said she was:FatCouldn't breathCouldn't get out of bedFelt like a burden Prep for labourRefer to first poddyNestingKitting out babies roomWhat does your wife actually needMaking a breastfeeding/nappy trolleyDad hacks!
Learn your face shape and cut your hair and beard to matchGetting your kid into the sports you enjoy, like golf, and darts so they are kept busy while you delete a few froths in the pub -
Todays episode dives into John and Daves experience of the first trimester, from confirming pregnancy by blood tests to crazy hormones, and keeping healthy during pregnancy. John comes clean about enjoying a cheeky lung lolly before Renee came along, and the boys chat about food avoidance in pregnancy. Top foods to avoid turns out to be potting soil and ham from the bin!
John's dad hack cover foot health and getting your running shoes fit, and Dave gets organised with a household shared calendar
Topics!
Even though you know if was your cheeky birthday gift, the medical team can never truly tell what day conception was, so to standardise it, aging starts at the last period prior to positive pregnancy resultA lot of women track their period to find the ovulation window and will therefore know what their period date should be. But it's not uncommon to have irregular periodsHormonal storm and why your wifeâs a yelling at youHormones are messengers across the body and certain factors can influence their behaviour, and therefore the messages they pass on. Pregnancy influences a few particular hormones, estrogen and progesterone (female hormones) - which are the same hormones at play in period mood swingsKeeping healthy quitting vicesDarts and alcohol are a no go unfortunately for those who treat themselves to a cheeky lung lolly - same rules for digital and analogue cigarettes morning sickness, Hyperemesis gravidarumAnti emetics, prescribed and natural Occurs wheneverPreempt that this will happen - get prescriptions from your GP on the first visit diet and sleepSo you want sushi and soft serve? - understanding risks with foodNon spon mentions
Factfulness - by Hans Rosling - https://www.amazon.com.au/Factfulness-Reasons-World-Things-Better/dp/1250107814
So what do I actually have to avoid - Beyond the Bump Podcast https://podcasts.apple.com/au/podcast/beyond-the-bump/id1484930949?i=1000605061956
Tommy Tippe Nappy Bin - https://www.tommeetippee.com/en-au/shop/changetime/nappy-disposal-systems?gad_source=1&gclid=CjwKCAiA5L2tBhBTEiwAdSxJXz2Ko15LHNflK5A7XlnY86_v_WUhld4EB6xUqMDypnvxbBBIta2vWBoC5n4QAvD_BwE&gclsrc=aw.ds
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Today's episode discusses the fairly new father's experience of falling pregnant. We bust a few myths about fertility, and we take a 'lads look' at the menstrual cycle to understand our partner's journey to pregnancy. We chat about Dad vs. Mum nesting and optimising fertility through exercise and general 'ball' management.
Today's Dad Hacks include house organisation and increasing success rates of new years goals to up to 95%
Pregnancy and Menstrual Cycle Tracking App: Flo - https://flo.health/
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Today's episode introduces us, the (fairly) new fathers, Dave and John as we discuss everything we learnt from the birth of our kids! Including:
How to Dad when Mum is in labour What to do to prepare for the big dayWhat to do during the dayWhat to do in the days followingAs well as some major tips that no one talks about, like how to fart your baby: https://www.tiktok.com/@kaseybuscemi/video/6990261669913971974?is_from_webapp=1&sender_device=pc&web_id=7317550422586885634