Phil Thompson

speaker

369 appearances 1 recordings 1 series first heard Aug 2026 last heard 3 Aug

Phil Thompson’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Aug 2026 with 1.

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money money money · 931 insurance & pre-existing conditions, comparing super funds, credit card for expenses + more · 3 Aug 2026 podcast

So at the end of the day, all the memories of my kids growing up in that house can go away if I'm going to make more money.

Those memories can be sold rather.

Yeah.

Yeah, we've got video of those memories, so that's fine.

The memories aren't held in the bricks, I guess.

But I went to John and said, hey, John, is this a good sound investment or not?

Because if it's not, I'm happy to sell it.

And this was before the negative gearing changes happened.

But, yeah, I think I agree with you that first and foremost, is it a good investment to keep that property?

Yeah.

If it's not, then sell.

And this is where I come back to.

It comes across to me as an emotional decision and less about the actual dollars and cents of what is a financial decision for yourself.

Because from an emotional point of view and a risk mitigation strategy is non-deductible debt needs to be as minimal.

And so even if my net asset doesn't grow as much in 10 years' time, I'm more comfortable and I'm comfortable taking less risk by reducing that non-deductible debt.

And that, yeah, that's the other good call is, yeah, you may be planning six months off, but you may then want to keep that cash reserves, yeah, sold.

There you go.

And you know how humble I am?

I didn't even remind you that you came around to my way of thinking.

That's how humble a guy I am.

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