We’ve received a lot of great feedback regarding our MoneySMARTS system and quite a number of our listeners have requested we unpack it a little bit more. So for today’s episode, we'll be talking about some of the dumb things people do with their money!

If you’ve listened to our previous episodes, by now you would have understood that good money management is crucial to building a successful property portfolio. But this is easier said than done. What we would like to highlight in this episode is that small things lead to big things. A tiny expense here and there will eventually sum up to a significant amount if not monitored properly.

So Bryce and Ben list12 bad habits they’ve seen and here are the top 5!

Having too many separate individual bank accounts.
Not changing your lenders simply because you are familiar with the facilities and online banking arrangements.
Thinking credit card money is your money.
Not paying yourself first.
Not having an offset account.

Tune in to find out the rest!

Other resources mentioned in this episode:

Episode 53: The MoneySMARTS system – Listen here
Episode 3: Four Pillars of Mastery - Cash Flow Management – Listen here

If you enjoyed this episode (Dumb Things People Do with Their Money!), don’t forget to rate us on our iTunes channel (The Property Couch Podcast) and our Facebook page. Any questions or ideas? Feel free to drop us your thoughts here: https://thepropertycouch.com.au/topics/

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72 | Dumb Things People Do with Their Money!