250. 25 Biggest Money Lessons From 5 Years of Financial Advice
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! To mark a genuine milestone, hosts Billy Amiridis and Andrew Nicolaou are celebrating five years and 250 episodes of the podcast by distilling everything they've learned into one rapid fire episode: their 25 biggest money lessons. Rather than a deep dive into a single topic, this episode moves quickly through some of the most important ideas Billy and Andrew have shared with clients and listeners over the years. They cover the psychology behind bad financial decisions, why being comfortable with your finances isn't the...
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249. Testamentary Trusts Explained: Estate Planning for Australian Families
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! This week, hosts Billy Amiridis and Andrew Nicolaou unpack a topic that comes up regularly in their estate planning conversations with clients: testamentary trusts. They start with the basics: what a testamentary trust actually is, how it differs from other trust structures, and why it only comes into existence after someone passes away. From there, Billy and Andrew work through some of the main reasons families choose to set one up, including significant tax advantages when assets are left to children or minors, and...
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248. What to Do With a Lump Sum: Inheritance, Bonus or Payout
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! This week, hosts Billy Amiridis and Andrew Nicolaou tackle a question that catches a lot of people off guard: what should you actually do when you receive a lump sum of money? Whether it's an inheritance, a work bonus, a redundancy payout, or any other unexpected windfall, Billy and Andrew explain why the initial instinct to spend or invest it straight away often leads to poor outcomes. They unpack why the source of the money matters, how the emotional weight of a lump sum can cloud good decision making, and why pausing before...
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247. How AI Is Changing Money Management and Financial Advice
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! This week, hosts Billy Amiridis and Andrew Nicolaou dig into a topic that's front of mind for a lot of people right now: how artificial intelligence is changing the way we manage money. Billy and Andrew are upfront from the outset that AI is not replacing a financial advisor, but it is changing what's possible for everyday Australians who want to get more organised, ask better questions and understand their own finances more clearly. They walk through the practical ways people are already using AI, from analysing household...
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246. Financial Mistakes We See Every Week (And How to Avoid Them)
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, Billy and Andrew break down the financial mistakes that catch people out most, not the obvious ones like risky speculation, but the ones made by people who genuinely think they're doing the right thing. These are the quiet, compounding errors that cost the most in dollars and time. They walk through seven of the biggest patterns they see week in, week out: buying assets in the wrong ownership structure, letting insurance go unreviewed for years, holding too much cash instead of putting it...
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245. Melbourne Real Estate with Dimitri Damianos
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, Billy and Andrew sit down with Dimitri Damianos from Buxton in Oakleigh to answer the question every buyer and seller is quietly asking right now: is the Melbourne property market actually falling, or just changing shape? With ten years on the ground selling in Melbourne's south-east, Dimi cuts through the media headlines to explain what's really happening at inspections and auctions, why "wait for prices to drop further" is some of the worst advice a buyer can follow right now, and what the shift away from...
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244. The Hidden Costs of Buying Your Dream Home
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, Billy and Andrew tackle the question most buyers never ask until it's too late: what does a dream home actually cost once you move past the purchase price? Timed against recent federal budget changes, they break down why more people are pouring money into their own home instead of investment property, and why that decision carries far more hidden expenses than most realise. They walk through the layers that quietly stack up after settlement: rates, insurance, maintenance running 1 to 2% of property value every...
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243. What Would Happen If Something Were to Happen to Your Business Partner
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, Billy and Andrew tackle a question most business owners have never stopped to ask: what actually happens to the business, and to the people left behind, if something happens to your business partner? Using their own partnership as a real-world example, they break down why this isn't about replacing a role or keeping operations running. It's about what happens when a grieving spouse suddenly becomes a shareholder, the surviving partner needs to find hundreds of thousands of dollars they don't have, and neither...
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242. Should you pay off your mortgage before you invest
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, Billy and Andrew tackle one of the most common questions they get asked: should you be debt free before you invest? With Australia's 30-year mortgage terms, waiting until the house is paid off before investing can mean losing decades of compound growth — so the real answer is more nuanced than a simple yes or no. They break down good debt versus bad debt, why psychology often beats mathematics when it comes to money decisions, and how tools like offset accounts and debt recycling can let you pay down...
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241. Changes to Tax Rules - Joined by Ryan Finlay
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, Billy and Andrew are joined by Ryan Finlay from Willis Partners. Together they unpack the most significant tax reform Australia has seen in 30 years, breaking down what's coming, who's affected, and what you need to do before July 1, 2027. The federal budget introduced sweeping changes to capital gains tax, negative gearing, and trust distributions that will impact investors, business owners, and families planning for retirement. The government says these changes help younger Australians into housing. But the...
info_outlineWelcome back to another episode of the 360 Money Matter Podcast! One of the most common misconceptions in financial planning is the separation of the assets from cash flow. We often deal with the resistance of people when it comes to converting their assets into income.
While we understand the emotional attachment to the asset, especially when it comes to property, producing income to support your lifestyle is one of the most important things to enhance the quality of your life. We work with our clients to navigate these issues and make decisions that make them feel confident about their financial future.
By the end of this episode, we hope to have widened your horizons when it comes to your choices in dealing with the crisis of being asset rich and cash poor. Plan ahead with your financial advisers now!
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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:
- What being asset rich and cash poor means
- Various options in converting assets into cash
- Different types of assets
- Why people resist selling properties
- The importance of advance planning for your assets
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