13:33 – Teaching kids about money and success

17:58 – Was making money easy or hard? Solving problems

22:01 – Advice for building wealth: solving problems on a level playing field

26:33 – Thank you

Q: I learnt from mutual friends that you don’t care much for money. How does that reconcile with the fact that you’re running a program to teach coaches how to make a lot of money?

• The program is about three things – more money, more impact, more freedom
• If he had to pick two out of three, he’d pick freedom and impact
• He definitely wants his clients’ revenue to go up. If he ran a program about impact and freedom, zero people would sign up
• Selling money and tricking people into meaning and freedom, he’ll take that everyday 

Q: When you think about holidaying and spending money. Where do the limits lie?

• FThere’s no limits
• Loves staying at nice places rather than Airbnbs
• First three months of their nomad trip, they stayed at boutique hotels that were costing $2,000 a night 

Q: You seem to leave your decision making around money to Kiri-Maree, how does it influence the way you speak about money in the household? How do you teach your kids about money?

• When we first met, I make the friends and she keeps them
• Because of Kiri-Maree, she’s been the prime force in his family investing
• They have 6 kids with 3 living with them and 3 that aren’t – all with very different upbringings
• The older kids grew up with a poorer upbringing
• In terms of teaching, he read a book called the Barefoot Investor
• Applied the 3 jobs 3 minutes 3 jars system and made parenting about money so easy 

Q: You are very good at making it look like it’s easy to make money. If we assume that wealth creation and money are two separate disciplines – what do you care about when it comes to wealth?

• He doesn’t really care yet but probably should care more
• He lives very much in the present rather than the future
• Not a long-range thinker or planner
• He doesn’t find making money particularly difficult and offer to solve it
• If you’re useful you’ll make money, if you’re not useful then you won’t
• It’s been hard to get used to the idea of making and having money
• When he first moved to Sydney and made $23,400. He was really good at his job. When he asked for a pay rise, he got a $2,000 a year pay rise. When he did his first ever webinar, he picked up 46 new clients and $30,000. This changed his world 

Q: You speak often to younger people about life and business. If you were to give advice to people who are uncertain about what a post COVID world looks like, what would your advice be?

• Taki tells of a story of one of our mutual contacts, Jason Everett. Listen to it at 23 min
• There’s a level playing field and if you decide you’re gonna win, it means you’re going to be okay
• As much as the macro economy changes, as long as you have a solution to a problem, then you’ll be fine
• The strategy is – how do you find problems you can be useful for?
• He’s never counted money rather than the people he helps. Money is secondary