Welcome to Finance and Fury

  1. Everyone has heard of more money, more problems – it is a bit of a contradictory statement
  2. It is false as money can cover bills and be used in emergencies
  3. It is true as not valuing money can lead to problems

How to value money?

  • What is conspicuous consumption?
  • Why does this occur?
  • The display of economic power is a means of their social status
  • What is Affluenza?
  • What did Oliver James say?
  • What does it matter if someone has more stuff than you?
  • Seeing wealthy individuals online can help contribute to the affluenza problem

Where it comes from?

  • Marketing triggers your spending habits
  • What does wealth really look like?
  • Societies can remove the negative consumerist effects
  • Price versus value
  • What leads to overconsumption?
  • What creates a society of individualistic consumers?

What are downshifting spending habits?

  • The realignment of spending priorities
  • Identify the need for an alternative political philosophy
  • What are the long-term effects of downshifting?

What are the elements that help?

  • Regaining control of your finances
  • What is the endowment effect?
  • Putting a premium on your spending habits helps you to downshift
  • What is the opportunity cost of parting with your money?

Start by looking at timeframes:

  • Short, medium and long term
  • What can you do right now?
  • Get disciplined, pay yourself first (check out the calculator), the hard truth
  • How stressful would it be to get to 65 years old and not have enough to retire?
  • If you planned ahead, these stresses could have been avoided

Summary:

  • Know that most of what you see on social media is a lie
  • Don’t try to live up to anyone else
  • Know the value versus the price

Thank you for listening, if you want to get in contact you can do so here

 

Say What Wednesday: Getting tied up with Investment Bonds

Say What Wednesdays Getting tied up with Investment Bonds Welcome to Finance and Fury’s ‘Say What Wednesday’ where we answer your questions on personal finance. Today’s question today comes from William who asked us to do an episode on Investment Bonds. Investment...

Furious Friday: Is social media at a tipping point?

Furious Friday Is social media at a tipping point? Today we’re looking at the market environment for Facebook, Google, Twitter, YouTube etc… their costs are going to far outpace what their revenues will be. Are they on their way up, or on their way down? EU copyright...

Furious Fridays: The dark side of electricity price capping

Furious Fridays The dark side of electricity price capping Welcome to Furious Friday! I recently saw a news article about Australians being “promised new laws to slash up to $832 from their annual electricity bills” This article outlines; This is a “federal government...

Furious Friday: Is cheaper better, or do you get what you pay for?

Furious Friday Is cheaper better, or do you get what you pay for? Welcome to Finance & Fury’s ‘Furious Friday’! Today’s misconception – Is cheaper better, or do you get what you pay for? Met with a client this week for an initial appointment – He had been reading...

Furious Fridays: Busting the myth that our big 4 banks are “Too Big to Fail” (Part 1 of 2)

Furious Friday Busting the myth that our big 4 banks are "Too Big to Fail" (Part 1 of 2) Welcome to Finance and Fury, the Furious Friday edition! Today’s misunderstanding is about the “Too big to fail” myth. I want to tell you a story. It’s probably a relatively...

What will the Paris Climate Change Agreement do?

Welcome to Finance and Fury the Say What Wednesday edition. Today we are continuing on from last week’s episode about climate change, so if you haven’t heard it, check out last week’s episode here. Today I will run through the Paris Climate Agreement, and their...

Say What Wednesday: Baby on Board! The Ultimate Guide to Maternity Leave

Welcome to Say What Wednesdays, where every week we answer questions from you guys, the listeners. This week the question comes from Mary; “Hey guys, love the show. Just wondering about what entitlements, I can receive if I go on maternity leave? I’m currently...

Furious Fridays: Is minimum wage such a good thing after all?

Furious Friday Is minimum wage such a good thing after all? Welcome to Finance and Fury! The main aim of our Furious Friday editions is to clear up misconceptions. We’ve been seeing a lot of news stories lately about companies underpaying staff – 7-Eleven, hospitality...

Should you reduce debt or use surplus cash to build wealth? Negotiating with future-you

Say What Wednesday Should you reduce debt or use surplus cash to build wealth? Negotiating with future-you Welcome to Finance and Fury, “Say what Wednesday” Where we answer questions about the world of personal finance. This week, the question isn’t from a listener...

Debt recycling & leverage

Say What Wednesdays Debt Recycling & Leverage Welcome to Finance & Fury, the 'Say What Wednesdays' editions! Today’s question comes from Dale: “My question refers to a point you and Jayden made a few times about recycling debt or using good, specifically using...

Pin It on Pinterest

Share This