MB Fund Podcast: Special Guest Matt Barrie

We have another special guest week in Matt Barrie. Matt is an award winning entrepreneur, technologist and lecturer, having won numerous awards including being named the inaugural BRW Entrepreneur of the Year in 2011. He is now the founder and CEO of listed company Freelancer.com, which is one of the worlds largest freelancing and crowdsourcing marketplace.

In todays interview we discuss Matts views on the Australian economy’s House of Cards, how we got into this situation and some critical areas we need to address to help us get out of it.

House of Cards article link – http://bit.ly/2PKAK0k

After the interview we will then look at some of the wider investment implications that these themes can impact how we invest money every day at the MB Fund. Join MB Fund’s Head of Investments, Damien Klassen, Chief Strategist David Llewellyn Smith and myself, Tim Fuller as we dive into a fascinating hour with one of Australia’s thought leaders of the new age.

The information on this podcast contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Damien Klassen and Tim Fuller are an authorised representative of Nucleus Wealth Management, a Corporate Authorised Representative of Integrity Private Wealth Pty Ltd, AFSL 436298.


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Comments

  1. DominicMEMBER

    Freelancer is a great idea but I had a bad experience the only time I ever used it. I needed help with Adwords and gave a fellow in India access to parts of my computer and shortly afterwards I noticed someone was activating the camera on my Mac on a regular basis. I taped over the camera and whoever it was eventually gave up. Obviously I kicked this fellow into touch pretty quickly. Never again.

  2. As someone in the industry fundamentally there’s a number of reasons why I think tech hasn’t gained much ground here. Australian’s prefer safer industries that are tried and proven (e.g. doctors, lawyers, finance, etc) and fundamentally work to live rather than live to work. Risky business models can be hard to finance as we tend to be more culturally conservative than say the US. A 3-6 year degree is also a big investment and people want to be sure it will pay off and I don’t think the tech industry has convinced people that it will long term (outsourcing to India, short job life’s). Fundamentally not many people have the knack for high level computer science either and what is relevant educationally changes rapidly. Higher value jobs are harder to scale by definition as the educational requirements rise above the average worker reducing your worker pool. It isn’t enough to have a good worth ethic and a willingness to learn either unlike other jobs with similar pay. Finally I think intelligent school kids at least when I am in school try software subjects and then realise the cost/effort/risk reward ratio isn’t worth it. Many engineers I know especially older ones wished they did a trade instead. Better long term career prospects especially as you age with similar money. There’s a reason retire early blogs feature a bit on developer blog feeds. If you like the quality of life in Australia which is all about low stress and lifestyle would you tell your kids to study computer science and/or software engineering? Probably not.

  3. Big collar seemingly cheaper than fake boobs to create a plunging neckline. Good for attention getting profile pics. Also easier to explain to the missus.

  4. Great pod. I enjoyed Matt’s comments on education and the fact that reform in this area is key to Australia’s future.