📌 Are Australians making the same money mistakes over and over again?

In this episode of Insights With Deven, I sit down with Mansi Anand, Chartered Accountant and content creator (@yourfavouriteca), to uncover what she's learned after seeing thousands of Australians' financial situations.

We discuss the biggest financial mistakes people make, common tax myths, ATO misconceptions, side hustles, lifestyle inflation, high-income earners who still struggle with money, AI, and the habits that separate people who build wealth from those who don't.

Whether you're a student, young professional, migrant, business owner, property investor or simply looking to make smarter financial decisions, this conversation is packed with practical insights that could save you money and help you avoid costly mistakes.

⏱️ Chapters

00:00 Intro

01:04 Why high-income earners still struggle with money

03:18 Lifestyle creep explained

04:09 Habits of financially successful people

05:40 The biggest money mistake Australians make

08:56 Why people keep believing financial misinformation

10:06 Biggest mistakes migrants make in Australia

12:09 Signs you're heading towards financial trouble

16:19 Biggest tax myths Australians still believe

19:59 Tax deductions people get wrong

21:06 Can the ATO really see everything?

25:20 Tax mistakes that become expensive later

30:44 What Australians are getting wrong about money in 2026

32:19 Opportunities hidden in today's tax changes

38:03 What the ATO actually knows about your finances

40:55 Should you trust AI for tax advice?

42:42 Will AI replace accountants?

46:06 Are Australians becoming more financially literate?

48:54 What wealthy clients do differently

54:03 Surprising business success stories

01:00:42 One money lesson everyone should learn before 25

01:01:55 How accounting changed Mansi's relationship with money

01:03:03 When should you hire an accountant?

01:06:43 Biggest misconception about accountants

01:09:32 What accountants legally cannot advise you on

01:11:06 What everyone should track throughout the year

01:12:55 Biggest side hustle tax mistakes

01:14:48 Money secrets that damage relationships

01:19:42 Quick Fire Round

01:20:31 Mansi's biggest lesson about money

01:21:43 Mansi's career journey

01:24:04 CPA vs CA vs Accountant

01:26:22 Accountant salary progression

01:29:07 Final thoughts

If you enjoyed this episode, don't forget to Like, Subscribe, and Share it with someone who wants to become better with money.

📌 Follow Mansi Anand (@yourfavouriteca):

Instagram: https://www.instagram.com/yourfavouriteca/

Facebook: https://www.facebook.com/profile.php?id=61586568055447

LinkedIn: https://www.linkedin.com/in/mansi-anand-0426629087/

Tiktok: https://www.tiktok.com/@yourfavouriteca

📌 Follow Insights With Deven:

Instagram: https://www.instagram.com/insights_with_deven

Facebook: https://www.facebook.com/share/1Bqy24BRZj/

LinkedIn: https://www.linkedin.com/company/insights-with-deven

Tiktok - https://www.tiktok.com/@insights_with_deven

📌 Listen to my podcasts:

Youtube:

https://www.youtube.com/@InsightsWithDeven/podcasts

Spotify: https://creators.spotify.com/pod/profile/insightswithdeven/

Apple Podcasts: https://podcasts.apple.com/us/podcast/insights-with-deven/id1896933608

📌Apply to be a guest on the podcast: https://form.jotform.com/261861821807865

#MoneyMistakes #PersonalFinanceAustralia #TaxAustralia #FinancialLiteracy #TaxHacks