Property Hub - Investment Insights & Inspiration

Get Invested: Part 1 - Why smart people stay broke with Max Phelps

Mar 27, 2026
Max Phelps, mortgage broker, investor and author who coaches people on money behaviour. He explains why smart earners feel stuck, how unconscious habits cause “money leakage” and why awareness must come before strategy. Short, punchy conversations about daily spending autopilot, closing the intention-action gap and simple money-management hacks to stop sabotaging long-term wealth.
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INSIGHT

Small Daily Habits Compound Into Big Financial Drag

  • Most people don't go broke from one big mistake but from many small unconscious habits that compound over time.
  • Bushy Martin compares it to a boat with a hundred tiny leaks: one tap, one swipe, one 'I deserve it' quietly sinking future wealth.
INSIGHT

Rational Money Advice Fails Most People

  • Only about 10% of people behave rationally with money all day; the remaining 90% act normally and succumb to ease, instant gratification and decision overload.
  • Max Phelps explains why simple 'spend less, save more' advice fails most people because it ignores human psychology.
ANECDOTE

How A Frugal Childhood Shaped Spending Contradictions

  • Max Phelps grew up in a large low-income family where his mother tracked every penny, instilling frugality and 'waste not want not'.
  • That upbringing produced a lifelong tension: Max is tight with money yet willing to spend on travel and experiences.
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