180. Things To Focus On In Your 40s
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we explore the key financial priorities to focus on in your 40s, and although we’re not quite in that age bracket yet, we explore it with a future-focused mindset. We talk about the importance of having clarity and control over your finances, setting clear retirement and family goals, and regularly tracking your net worth. We also cover strategic use of superannuation, optimizing debt (especially getting rid of non-deductible personal debt), and finding the right balance between spending, investing, debt...
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179. Focus Your Wealth In Your 30s
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss how to focus on building wealth in your 30s by reflecting on personal finance journeys, shifting priorities, and lessons learned. We talk about the transition from carefree spending in our 20s to becoming more intentional with money in our 30s—focusing on budgeting, saving, and planning for the future. We also explore how aligning financial goals with personal values and lifestyle choices can lead to long-term fulfillment, and we share practical tips for managing income, investing smartly, and...
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178. What Is A Financial Plan and Why Do You Need It
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we explore the importance of having a financial plan and how it can help create stability and security in both the short and long term. We discuss key components of a financial plan, including budgeting, saving, investing, and setting clear financial goals. We also highlight common pitfalls people face when managing their finances and offer practical advice on how to stay on track. Through real-life examples and expert insights, we emphasize why financial planning is essential for achieving financial...
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177. Granny Flat Provision
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we explore granny flat provisions and how they impact Centrelink benefits, allowing older Australians to transfer assets, often to their children—in exchange for a lifetime right to live in a property without triggering gifting rules. We discuss various living arrangements, financial implications, and key considerations like legal agreements, stamp duty, and the reasonableness test. Additionally, we highlight risks such as potential loss of pension entitlements and complications if aged care is needed....
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176. Why Are Investments Falling and What Can You Do
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss the recent market downturn, exploring factors like aggressive U.S. trade policies, inflationary pressures, and global economic uncertainty that have led to significant declines across major indices. While market corrections can be unsettling, we emphasize that they are a normal part of the economic cycle and present opportunities for disciplined investors. Strategies like dollar-cost averaging, maintaining financial stability, and identifying high-quality assets at discounted prices can help...
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175. Financial Mistakes That Even Smart People Made
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss common financial mistakes that even smart people make. We explore issues like lifestyle creep, the lack of a banking strategy, putting all financial resources into one asset, and not having an emergency fund. We also highlight the dangers of unclear investment strategies, relying on a single income stream, and trying to time the market. Additionally, we emphasize the importance of tax planning, long-term financial thinking, and not ignoring superannuation. We share practical insights to help our...
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174. Downsizer Contributions
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss downsizer contributions to superannuation, exploring how this strategy allows individuals aged 55 and over to contribute up to $300,000 from the sale of their home into their super, without affecting other contribution caps. We break down the eligibility rules, the financial benefits of moving assets into a tax-free super environment, and the broader economic implications, including its potential to free up housing stock. While originally framed as a way to encourage retirees to move into...
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173. Asset Protection Strategies
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss asset protection strategies, focusing on protecting those assets that you have worked so hard to accumulate.. We highlight the importance of separating personal and business assets, using structures like trusts and company ownership to limit liability. Superannuation is emphasized as a strong protection tool when contributed to properly, while investment bonds provide a middle-ground option. We also stress the value of insurance—life, disability, crisis, and income protection—to maintain...
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172. Frugal February
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we explore how intentional spending can lead to long-term financial benefits. We discuss setting clear savings goals, breaking them into achievable steps, and using accountability to stay on track. Strategies include delaying impulse purchases, optimizing grocery shopping, cooking at home, and enjoying free or low-cost entertainment. We also highlight the importance of auditing subscriptions and even taking on side hustles to boost income while reducing unnecessary spending. Ultimately, we encourage...
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171. Should I Pay Down Debt or Put Money into Super
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we address a listener's question about whether to focus on paying down debt or contributing to superannuation. We discuss key factors, such as the type of debt, tax benefits of superannuation, and personal risk tolerance, while emphasizing the importance of individual circumstances and long-term goals. Also, we explore strategies like balancing both options, the impact of interest rates, and leveraging equity for investments. Furthermore, we highlight the complexity of this decision and advocate seeking...
info_outlineWelcome back to another episode of the 360 Money Matter Podcast! With a lot of talk going around about investment markets, we really wanted to clear the fog and really sift through some of the noise to get to the crux of what’s happening, what’s causing it, and what you can do in this market.
Unemployment is currently at low levels and inflation is continuing to ramp up. Mortgage stress is starting to become a concern with interest rates that are rising so that central banks can combat inflation. Combining this increased mortgage cost with the inflationary environment we see ourselves in, households are starting to feel the pinch in their budgets.
By the end of this episode, we hope to provide you with some comfort around some of the strategies we recommend that can help you curb and prepare yourself for markets such as this and how we can prepare, anticipate, and adapt as best we can!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Inflation has skyrocketed.
• What is stagflation?
• The importance of cash reserves.
• Rising fuel prices and cost of goods.
• Cutting costs and minimizing expenses at home.
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