loader from loading.io

56. Cash Flow and Budgeting Plan

360 Money Matters

Release Date: 09/20/2022

140. Active and Index Investments show art 140. Active and Index Investments

360 Money Matters

Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we talk about two ways people invest their money, active and passive investing. We explain that with passive investing, you put your money in a fund that follows the big companies in a certain market, like the S&P 500. But with active investing, you try to beat the market by making active choices about where to put your money that will outperform the market. We also discuss the benefits and detriments of each approach - such as the ease, simplicity and cost effectiveness of passive investing and the...

info_outline
139. Employee Share Schemes  show art 139. Employee Share Schemes

360 Money Matters

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we discussed employee share schemes and their implications. We explored the concept, benefits, risks, tax considerations, vesting periods, and the impact on employees' financial decisions. We also emphasized the importance of understanding the pros and cons of participating in employee share schemes. This highlighted how these schemes can align interests between employees and businesses but also pose risks, such as potential loss if shares decline in value or tax complications. Tune in to our latest...

info_outline
138. Tax Planning for EOFY show art 138. Tax Planning for EOFY

360 Money Matters

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we discussed the end of the financial year and tax planning tips, focusing on the effective utilization of superannuation. Key points included maximizing contributions, leveraging concessional and non-concessional caps, and using catch-up contributions before deadlines. Superannuation was emphasized for future financial stability through tax planning strategies like pre-tax contributions. We also discussed government co-contributions to boost super balances for low to middle-income earners, spouse...

info_outline
137. Changes to superannuation limits on 1 July 2024 show art 137. Changes to superannuation limits on 1 July 2024

360 Money Matters

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we explore deeper into the intricacies of year-end tax planning and the impending modifications in superannuation. We broke down significant adjustments like the transfer balance cap set at $1.9 million and the forthcoming increase in concessional contributions to $30,000 annually.  Additionally, we explored the bump in after-tax contributions to $120,000, accompanied by a three-year bring-forward option. We also examined the uptick in super guarantee contributions from 11% to 11.5% and the...

info_outline
136. Property Guest (Marcel) show art 136. Property Guest (Marcel)

360 Money Matters

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, Marcel Dybner, a Partner at Besser+Co Estate Agents in Melbourne, recounts his journey starting from a challenging rental experience that steered him towards making a positive impact. Initially focusing on sales, he entered property management before joining Dion at Besser & Co. He addresses the current property market dynamics, where increased interest rates and landlord pressures are prompting property sales. Furthermore, the strategies for selecting attractive properties are emphasized, highlighting...

info_outline
135. Protecting Your Assets  show art 135. Protecting Your Assets

360 Money Matters

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we discuss asset protection strategies concerning personal and business finances. We stress the importance of segregating personal and business assets to shield against risks like creditors or business failures. Utilizing trusts, companies, superannuation for asset protection, and advising seeking professional guidance from financial advisors, lawyers, and accountants for legal compliance and tax planning. Lastly, we emphasize early planning and professional advice, noting the need for a comprehensive...

info_outline
134. Rentvesting show art 134. Rentvesting

360 Money Matters

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we discuss rentvesting, a strategy where you rent your home while investing in other properties for income. This approach provides flexibility in your living situation while potentially generating returns from your investments. We discuss the tax advantages, such as mortgage interest deductions, and potential drawbacks like less security in your living situation and loss of first-time homebuyer benefits. We also touch on the need for careful cash flow management and alternatives like "own vesting." ...

info_outline
133. Market Wrap show art 133. Market Wrap

360 Money Matters

Welcome back to another episode of the 360 Money Matters Podcast! We are back again with our monthly ‘Market Wrap’ segment. In this episode, we discuss the latest trends in global investment markets. We examine the S&P 500's decline of 2.47% and its connection to inflation, which came in at 0.4%, while addressing the shifts in interest rate expectations and potential recession signals such as the Mel and SAHM rules.  In Australia, the ASX 200 saw a minor decline of 0.79%, mirroring the US market, while rising inflation is outpacing income growth. There is also an increase in...

info_outline
132. Asset Rich & Cashflow Poor show art 132. Asset Rich & Cashflow Poor

360 Money Matters

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we discussed the concept of being asset-rich but cash flow-poor in the context of retirement. The accumulation of assets without sufficient income, due to tax considerations, can lead to challenges during retirement. The options presented included liquidating assets for income-producing alternatives, downsizing the family home, considering reverse mortgages, or purchasing a downsized home early. Proactive financial planning, with advice tailored to individual circumstances, is crucial. It is essential to...

info_outline
131. Maximising Age Pension show art 131. Maximising Age Pension

360 Money Matters

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we discussed getting the most out of age pension. We talk about who can get it, how it's been changing, and how the government decides who gets it based on what you own and earn. We also share tips on how to maximise the age pension also! Furthermore, we explain that there are limits to gifting money while still qualifying for age pension. That’s why it is important to plan early and get advice because living costs can be tough on just the pension. So, think carefully about your money to make sure you're...

info_outline
 
More Episodes

Welcome back to another episode of the 360 Money Matter Podcast! In the previous episode, we gave you updates on the investment market and the factors affecting it. 

In this episode, we’ll be sharing proven strategies to help you develop your cash flow management and budget strategy skills. It all begins with being realistic about your financial situation and expectations. From there, you’ll be able to clearly see your income and expenses and reflect on how you can improve the way you handle your finances. We will talk about strategies such as setting a realistic budget, the bucketing strategy, reviewing and improving your structures and many more. These are all to help you become more confident with your money management. 

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, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

 

Episode Highlights:

  • The factors affecting the increase in cost of living
  • The gateway to wealth creation
  • Setting a realistic budget
  • The bucketing strategy 
  • 2 Key buckets that you should have in your cash flow strategy 
  • Keeping your expenditure in line with your income increase
  • How often you should review your structure
  • Becoming more confident with your money management 
  • Things to do to help maximize your budget and cash flow
  • Budget Fatigue
  • Separate Savings account
  • Finding the balance between budgeting and living

 

Connect with Billy and Andrew!

360 Financial Strategists

 

Check out our latest episode here:

Apple Podcast

Spotify

Google Podcast