Six things we've learnt about money with Pearler's Hayden Smith
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What is the main topic discussed in this episode?
They'll say to me, oh, my savings account's getting me 5% interest right now. And I go, oh, you mean 3%? And I'm like, well, 3% because you paid marginal tax on that. I think I've been saving more than 50% of my income since I was 22. And he always says to me the same thing. He's like, what are you going to do? Is it going to sell? Then what? Are you going to sit there with cash?
Then what? if you invest in an etf on average you will do worse than the etf itself and then if you're in super you will do on average worse than the super fund itself they sell when things are scary and they buy when things feel good i could have had a deposit on a house and a very good deposit 25 30 deposit yeah and i was like nah warren buffett says shares so i'm doing shares i bet he owns the house yeah he does So that would be mine. So my three things. Now yours were... Imagine doing this thing called finance for 10 years or longer. And then looking back and saying, I wish I knew that thing earlier. That's what this episode is all about. And it's not just me riffing into the camera or on this microphone.
joined by Hayden Smith, the co-founder of Perla, who many of you know, and we're going to share some of these ideas. So if you're looking for a cheat sheet on finance or maybe some investment ideas, this is the episode for you. All that and more on this episode of the Australian Finance Podcast. Welcome to the Australian Finance Podcast by Rask. Together, we will improve your relationship with money, discover the world of investing, save more money and design the life you want. Please don't forget to subscribe to the show on Apple, Spotify, YouTube or wherever you get your podcasts because we share at least two wonderful episodes every week. You should know that our favorite episodes drop on a Monday and a Friday with bonuses on Wednesdays.
Finally, to hear more from us and get show notes and all those other wonderful things like free courses, head to rask.com.au to find us online. Hayden, man, how you doing?
Yeah, great, Owen. Thanks for having me back. It's always a pleasure.
It's always good. You got your Aldi hoodie on?
Yeah, it's one of my favorites. It wasn't too expensive either, thankfully.
How much was it, do you know?
30, 40 bucks, which I mean, you know, some hoodies these days, anyone been to a concert, they know how much hoodies can get to.
Yeah, yeah, true.
And I like this more than any concert hoodie I've had.
And you got your favorite band on there, which is Aldi. Exactly, yeah, favorite artist. Yeah, that's it. Now, Aldi does good stuff. We can say that for sure. Now, we're going to talk about... some things we wish we knew about finance earlier in our journey. You've been doing this for a long time. You help tens of thousands of people invest and manage their money on Perla, whether it's through the app or online. And you've got your own podcast. You do all that sort of stuff with the Honorable Dave Gow, who many of the listeners will know. And actually, I think I told you this before, but when you came on the podcast a little while ago, The amount of like genuine, wholehearted comments that were left for you to be like, this guy is great.
That's very sweet. Yeah, it's very nice. Very wholesome is what the kind of feedback you always get. So hopefully that's the same today.
Yeah, I hope so. Thank you for everyone who said nice things. The world needs more of that. Not just to me, to be clear.
Yeah, no, no, no. But actually, that leads me into my first icebreaker.
What are the six money lessons introduction and episode overview?
So I've got some icebreakers here for you. Then we'll get into the things. And this was actually someone in the comments. And this was not planted, by the way. I just realized this. Someone in the comments for that particular video said, I was unsure about this guy with the frizzy hair. And then... Turns out this was the best podcast episode I've listened to in a long time. So you nailed that. But my question for you is, who is the best finance presenter you have come across? So you've done a lot of these podcasts, a lot of interviews, spoken to a lot of people.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–3:23
2
What are the six money lessons introduction and episode overview?
3:23–28:22
3
Why does owner‑occupied property matter so much for wealth in Australia?
28:22–29:01
4
How does cheap leverage and the pension asset test tilt the property vs shares decision?
29:01–37:47
5
Why do brokerage and platform fees get overemphasised compared with long‑term behaviour?
37:47–42:41
Speakers
2 identifiedMore from Australian Finance Podcast
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