Property Hub - Investment Insights & Inspiration

Get Invested: Part 2 - The secret link between patience, spending and wealth with Max Phelps

Apr 3, 2026
Guest
Max Phelps
Max Phelps, author and property/mortgage expert who fixes spending habits to build wealth. He explores how slowing decisions, patience and deliberate friction beat autopilot spending. They discuss why digital money erodes discipline, practical account restructuring and goal-linked pots, plus simple habits and lists that protect savings and pave the way for long-term property success.
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INSIGHT

Offset Accounts Can Be Illusionary Savings

  • Offset-account strategies often deliver tiny interest savings that don't justify behavioural risks.
  • Max shows a worked example: $7,000 sitting in offset at 5% saves only ~$350 a year while fees and overspending wipe out gains.
ANECDOTE

Why Max Wrote Spending Fast And Slow

  • Max wrote Spending Fast and Slow after fixing his own household money fights with his wife and coaching clients for a decade.
  • He was motivated by personal mistakes and an urgency to share lessons before he dies, inspired by his father's heart issues.
INSIGHT

Digital Money Removes The Pain Of Paying

  • The intangible nature of modern money erases the 'pain of paying' and lowers spending friction.
  • Max cites cash-era behaviour (breaking a $50 felt costly) versus today's digital digits that detach us from real spending pain.
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